Florida General Lines Agent Exam questions and answers 2026/2027 solved 100% correct

Florida General Lines Agent Exam questions and
answers 2026/2027 solved 100% correct

Answers are highlighted in red


What is the definition of a risk that is insurable?
cv cv cv cv cv cv cv cv cv




a. Risk is defined as a chance or the possibility of financial loss; only pure risks are insu
cv cv cv cv cv cv cv cv cv cv cv cv cv cv cv cv




rable as there is no possibility of a gain
cv cv cv cv cv cv cv cv




b. A chance of a loss or gain
cv cv cv cv cv cv




c. A risk where there is a possibility of a gain
cv cv cv cv cv cv cv cv cv




d. A chance for insurance coverage
cv cv cv cv cv




Answer a cv




What is an insurance policy? cv cv cv cv




a.A binder that offers initial insurance coverage b.A
cv cv cv cv cv cv cv




n oral agreement related to insurance
cv cv cv cv cv




c.A temporary agreement for insurance coverage
cv cv cv cv cv




d.A written agreement or contract for insurance coverage Correct Answer
cv cv cv cv cv cv cv cv cv




.
What is an insurance binder? cv cv cv cv




a. An agreement with an insurer for coverage
cv cv cv cv cv cv




b. A temporary agreement for insurance coverage subject to the decision of the ins
cv cv cv cv cv cv cv cv cv cv cv cv




urer Correct Answer cv cv




c. A permanent agreement for insurance coverage d
cv cv cv cv cv cv




.An agreement with an agent
cv cv cv cv




The term casualty is related to all the following insurance lines except?
cv cv cv cv cv cv cv cv cv cv cv




a. Life and health insurance Correct Answer
cv cv cv cv cv




b. Marine insurance c.In cv cv




suranceonproperty d.Li vc vc cv




ability insurance cv




What is the mathematical concept where the actual results from an event being me
cv cv cv cv cv cv cv cv cv cv cv cv cv




asured will equal the predicted or expected results as the number of units or trials i
cv cv cv cv cv cv cv cv cv cv cv cv cv cv cv




ncreases?

,Answer The concept of The Law of Large Numbers. c v cv cv cv cv cv cv cv




What insurance principle acts to place an insured in the same or similar financial positio
cv cv cv cv cv cv cv cv cv cv cv cv cv cv




n after a loss as was prior to the loss event?
cv cv cv cv cv cv cv cv cv cv




a. The indemnity principle Correct Answer
cv cv cv cv




b. The waiver principle cv cv




c. The principle of utmost good faith
cv cv cv cv cv




d. The principle of subrogation cv cv cv




What type of contract prevents an insured from transferring the interest of an insuranc
cv cv cv cv cv cv cv cv cv cv cv cv cv




e policy to another?
cv cv cv




a.A personal contract Correct Answer b.An
cv cv cv cv cv cv




indemnity contract cv




c. A subrogation contract
cv cv




d. A contract of good faith a
cv cv cv cv cv




What type of contract is one where the obligation of the insurer is to perform the terms
cv cv cv cv cv cv cv cv cv cv cv cv cv cv cv cv cv




of the contract and is based on the insured satisfying certain conditions?
cv cv cv cv cv cv cv cv cv cv cv




a.A binding contract
cv cv




b.A personal contractcv cv




c.A conditional contract Correct Answer d.
cv cv cv cv cv




An adhesion contract
cv cv




What type of contract is it that the insured cannot negotiate the terms of the contract a
cv cv cv cv cv cv cv cv cv cv cv cv cv cv cv cv




nd must accept the terms specified in the contract?
cv cv cv cv cv cv cv cv




a. An indemnity contract cv cv




b. A conditional contract
cv cv




c. A contract of adhesion Correct Answer
cv cv cv cv cv




d. A personal contract
cv cv




What type of interest (financial or legal) in property must an insured have to benefit f
cv cv cv cv cv cv cv cv cv cv cv cv cv cv cv




rom a loss that is insured?
cv cv cv cv cv




a. Insurable interest Correct Answer cv cv cv




b. An adhesion interest cv cv




c. An indemnity interest cv cv




d. A personal interest
cv cv

,What insurance doctrine states that a cause of a loss and all other directly related ev
cv cv cv cv cv cv cv cv cv cv cv cv cv cv cv




ents flowing from the same cause of the loss would be considered as one event?
cv cv cv cv cv cv cv cv cv cv cv cv cv cv




a. The doctrine of insurable interest
cv cv cv cv




b. The doctrine of proximate cause Correct Answer
cv cv cv cv cv cv




c. The loss doctrine cv cv




d. The doctrine of classification
cv cv cv




John got in an accident that damaged his automobile, what would be considered as
cv cv cv cv cv cv cv cv cv cv cv cv cv cv




what type of loss? cv cv cv




a. Direct loss Correct Answer cv cv cv




b. Insured loss c cv cv




.Insurableloss vc cv




d.Indirect loss cv




John's home was totally destroyed by fire that resulted in him moving his family to a h
cv cv cv cv cv cv cv cv cv cv cv cv cv cv cv cv




otel. The cost of the hotel would be considered as what type of loss?
cv cv cv cv cv cv cv cv cv cv cv cv cv




a. A direct loss
cv cv




b. Direct expenses cv




c. An indirect loss Correct Answer
cv cv cv cv




d. Insured loss cv




What insurance clause is related to a lender or creditor's interest in real property and th
cv cv cv cv cv cv cv cv cv cv cv cv cv cv cv




e insurer would pay losses to all parties that have an interest in the same property?
cv cv cv cv cv cv cv cv cv cv cv cv cv cv cv




a. Subrogation clause cv




b. Mortgage or mortgagee clause Correct Answer cv cv cv cv cv




c. Property loss clause cv cv




d. Loss payable or payee clausecv cv cv cv

, What insurance clause is related to a creditor's interest in personal property such as
cv cv cv cv cv cv cv cv cv cv cv cv cv cv




an auto?
cv




a. The property interest clause
cv cv cv




b. The mortgage or mortgagee clause
cv cv cv cv




c. The creditor interest clause
cv cv cv




d. The loss payable or loss payee clause Correct Answer
cv cv cv cv cv cv cv cv




Which of the following is not a legal requirement for a contract?
cv cv cv cv cv cv cv cv cv cv cv




a. All are legal requirements Correct Answer
cv cv cv cv cv




b. The contract must have a legal purpose and transfer of consideration (s
cv cv cv cv cv cv cv cv cv cv cv




omething of value such as payment of insurance premiums)
cv cv cv cv cv cv cv cv




c. There must be a valid offer and a voluntary acceptance
cv cv cv cv cv cv cv cv cv




d. The parties to the contract must have legal capacity to contract
cv cv cv cv cv cv cv cv cv cv




What insurance loss settlement method is defined as the cost to replace the item less
cv cv cv cv cv cv cv cv cv cv cv cv cv cv c




allowance for depreciation, and is the common method used for settlement of pers
v cv cv cv cv cv cv cv cv cv cv cv cv




onal property losses?
cv cv




a. Scheduled settlement method cv cv




b. Valued or stated settlement method cv cv cv cv




c. Actual cash value settlement method Correct Answer d.
cv cv cv cv cv cv cv




Replacement cost (RC) settlement method cv cv cv cv




What insurance loss settlement method is defined as: the property loss is re
cv cv cv cv cv cv cv cv cv cv cv cv




placed with items that are similar and of like kind and quality, and is the com
cv cv cv cv cv cv cv cv cv cv cv cv cv cv cv




mon method used in settling real property losses?
cv cv cv cv cv cv cv




a. Replacement cost settlement method Correct Answer b cv cv cv cv cv cv




.Actual cash value settlement method
cv cv cv cv




c.Scheduled settlement method d.Valu cv cv cv




ed or stated settlementmethod a
cv cv cv cv cv