214 FLORIDA INSURANCE ACTUAL EXAM
PAPER 2026 QUESTIONS WITH SOLUTIONS
GRADED A+
◉ Department of Financial Services (DFS).
Answer: 1. Approves issuance of licenses to agents, CR, and adjusters
2. Supervisions of claims
3. Investigate charges of unethical conduct and take judicial actions
◉ Office of Insurance Regulation (OIR).
Answer: 1. Examines the qualifications of the insurance companies
doing business in FL
2. Examines the financial conditions of companies
3. Approves forms, rules, and rates
◉ Office of Financial Regulation (OFR).
Answer: 1. Provides regulatory oversight to FL's financial providers
2. Reports to the FL Service Commission
◉ FL Surplus Lines Service Office.
, Answer: 1. Oversees the surplus lines industry
2. Reviews all surplus lines policies and documents
3. Collects surplus lines and taxes and fees
◉ Risk.
Answer: Chance of financial loss
◉ Policy.
Answer: Is a written contract for effecting insurance and includes
clauses, riders, endorsements, and papers which are apart of the
contract
◉ Insurance.
Answer: Is a contract where one undertakes to indemnify another or
pay a specified amount determined on contingencies
◉ Binders.
Answer: Temporary insurance which can be made orally or written.
The insurer shall give 5 days' prior notice of cancelling a binder
unless the binder is replace by a policy. No notice is required unless
the binder exceeds 60 days.
◉ Property Insurance.
PAPER 2026 QUESTIONS WITH SOLUTIONS
GRADED A+
◉ Department of Financial Services (DFS).
Answer: 1. Approves issuance of licenses to agents, CR, and adjusters
2. Supervisions of claims
3. Investigate charges of unethical conduct and take judicial actions
◉ Office of Insurance Regulation (OIR).
Answer: 1. Examines the qualifications of the insurance companies
doing business in FL
2. Examines the financial conditions of companies
3. Approves forms, rules, and rates
◉ Office of Financial Regulation (OFR).
Answer: 1. Provides regulatory oversight to FL's financial providers
2. Reports to the FL Service Commission
◉ FL Surplus Lines Service Office.
, Answer: 1. Oversees the surplus lines industry
2. Reviews all surplus lines policies and documents
3. Collects surplus lines and taxes and fees
◉ Risk.
Answer: Chance of financial loss
◉ Policy.
Answer: Is a written contract for effecting insurance and includes
clauses, riders, endorsements, and papers which are apart of the
contract
◉ Insurance.
Answer: Is a contract where one undertakes to indemnify another or
pay a specified amount determined on contingencies
◉ Binders.
Answer: Temporary insurance which can be made orally or written.
The insurer shall give 5 days' prior notice of cancelling a binder
unless the binder is replace by a policy. No notice is required unless
the binder exceeds 60 days.
◉ Property Insurance.
