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Florida 2-20 Agents License Exam Questions With 100%
Verified Answers 2025 | 2026
The Florida Surplus Service Lines Office (FSLSO) was created to -
ANSWER oversee the surplus lines industry in the state
Which of the following is NOT a required qualification for a
General Lines Agent: - ANSWER Seeking the license only to
write controlled business
The Department of Financial Services performs the following,
EXCEPT: - ANSWER Pays insurance claims
Once license, you have how long to obtain an appointment? -
ANSWER 48 months
Which of the following is NOT a duty of the Office of Insurance
Regulation? - ANSWER Submit rate filings and underwriting
rules for approval
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Which one of the following statements is correct? - ANSWER
Contractors must usually provide evidence of liability insurance
before a construction contract is granted.
From a risk management viewpoint, insurance is used to -
ANSWER Transfer the cost of losses.
Liability coverage for loss exposures arising from a business
organization's premises and operations, its products, or its
completed work is typically provided by - ANSWER Commercial
general liability insurance.
Which one of the following statements is correct regarding the
benefits provided by insurance? - ANSWER Insurance helps
reduce the financial burden to society by compensating
accident victims.
Insurance is not the only risk management transfer technique.
When circumstances are appropriate, transfer can be
accomplished through - ANSWER Noninsurance transfer
techniques.
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Oscar's custom-built vehicle looks like a sausage sandwich on
wheels. He plans to drive it to special events at schools around
the country where it will serve as a mobile billboard to promote
his product. Oscar is surprised to learn that insurers are
reluctant to insure his vehicle because it fails to meet one of the
ideal characteristics of an insurable risk. Which characteristic is
Oscar's vehicle least likely to meet? - ANSWER Large number of
similar exposure units
Liability coverage to individuals and families for bodily injury
and property damage arising from the insured's personal
premises or activities is typically provided by - ANSWER
Personal liability insurance.
Sally is a recent college graduate who lives in the suburbs and
drives to work daily in the city. She recognizes that owning a car
creates both property damage and liability exposures for her
and at the same time she has the burden of student loans. For
someone in Sally's circumstances the most practical risk
management technique for dealing with her auto-related loss
exposures is - ANSWER Risk transfer.
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One of the costs of insurance is said to be opportunity costs.
This means that if capital and labor were not being used in the
insurance business, they could be used elsewhere and making
other productive contributions to - ANSWER Society
Retention is often used in combination with insurance as a way
of treating loss exposures. One of the major downsides of
individuals using retention alone is - ANSWER The potential for
financial ruin.
The process of restoring an individual or organization to a pre-
loss financial condition is the process of - ANSWER
Indemnification
Sometimes the existence of insurance encourages losses. The
result of this phenomenon is that it - ANSWER Increases the
total cost of insurance
A small business owner concerned about something happening
and not being able to work or earn a living for an extended
period of time due to an accident should purchase - ANSWER
Disability insurance.
Florida 2-20 Agents License Exam Questions With 100%
Verified Answers 2025 | 2026
The Florida Surplus Service Lines Office (FSLSO) was created to -
ANSWER oversee the surplus lines industry in the state
Which of the following is NOT a required qualification for a
General Lines Agent: - ANSWER Seeking the license only to
write controlled business
The Department of Financial Services performs the following,
EXCEPT: - ANSWER Pays insurance claims
Once license, you have how long to obtain an appointment? -
ANSWER 48 months
Which of the following is NOT a duty of the Office of Insurance
Regulation? - ANSWER Submit rate filings and underwriting
rules for approval
,2|Page
Which one of the following statements is correct? - ANSWER
Contractors must usually provide evidence of liability insurance
before a construction contract is granted.
From a risk management viewpoint, insurance is used to -
ANSWER Transfer the cost of losses.
Liability coverage for loss exposures arising from a business
organization's premises and operations, its products, or its
completed work is typically provided by - ANSWER Commercial
general liability insurance.
Which one of the following statements is correct regarding the
benefits provided by insurance? - ANSWER Insurance helps
reduce the financial burden to society by compensating
accident victims.
Insurance is not the only risk management transfer technique.
When circumstances are appropriate, transfer can be
accomplished through - ANSWER Noninsurance transfer
techniques.
,3|Page
Oscar's custom-built vehicle looks like a sausage sandwich on
wheels. He plans to drive it to special events at schools around
the country where it will serve as a mobile billboard to promote
his product. Oscar is surprised to learn that insurers are
reluctant to insure his vehicle because it fails to meet one of the
ideal characteristics of an insurable risk. Which characteristic is
Oscar's vehicle least likely to meet? - ANSWER Large number of
similar exposure units
Liability coverage to individuals and families for bodily injury
and property damage arising from the insured's personal
premises or activities is typically provided by - ANSWER
Personal liability insurance.
Sally is a recent college graduate who lives in the suburbs and
drives to work daily in the city. She recognizes that owning a car
creates both property damage and liability exposures for her
and at the same time she has the burden of student loans. For
someone in Sally's circumstances the most practical risk
management technique for dealing with her auto-related loss
exposures is - ANSWER Risk transfer.
, 4|Page
One of the costs of insurance is said to be opportunity costs.
This means that if capital and labor were not being used in the
insurance business, they could be used elsewhere and making
other productive contributions to - ANSWER Society
Retention is often used in combination with insurance as a way
of treating loss exposures. One of the major downsides of
individuals using retention alone is - ANSWER The potential for
financial ruin.
The process of restoring an individual or organization to a pre-
loss financial condition is the process of - ANSWER
Indemnification
Sometimes the existence of insurance encourages losses. The
result of this phenomenon is that it - ANSWER Increases the
total cost of insurance
A small business owner concerned about something happening
and not being able to work or earn a living for an extended
period of time due to an accident should purchase - ANSWER
Disability insurance.
