Florida 2-20 Agents License Exam Questions
and Verified Correct Answers | Latest Update
2026/2027 - Already Graded A+
Terms in this set (327)
The Florida Surplus Service Lines oversee the surplus lines industry in the state
Office (FSLSO) was created to
Which of the following is NOT a Seeking the license only to write controlled
required qualification for a General business
Lines Agent:
The Department of Financial Pays insurance claims
Services performs the following,
EXCEPT:
Once license, you have how long 48 months
to obtain an appointment?
Which of the following is NOT a Submit rate filings and underwriting rules for
duty of the Office of Insurance approval
Regulation?
,Which one of the following Contractors must usually provide evidence of
statements is correct? liability insurance before a construction contract
is granted.
From a risk management viewpoint, Transfer the cost of losses.
insurance is used to
Liability coverage for loss Commercial general liability insurance.
exposures arising from a business
organization's premises and
operations, its products, or its
completed work is typically
provided by
Which one of the following Insurance helps reduce the financial burden to
statements is correct regarding the society by compensating accident victims.
benefits provided by insurance?
Insurance is not the only risk Noninsurance transfer techniques.
management transfer technique.
When circumstances are
appropriate, transfer can be
accomplished through
,Oscar's custom-built vehicle looks Large number of similar exposure units
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?
Liability coverage to individuals and Personal liability insurance.
families for bodily injury and
property damage arising from the
insured's personal premises or
activities is typically provided by
Sally is a recent college graduate Risk transfer.
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
, One of the costs of insurance is Society
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
Retention is often used in The potential for financial ruin.
combination with insurance as a
way of treating loss exposures. One
of the major downsides of
individuals using retention alone is
The process of restoring an Indemnification
individual or organization to a pre-
loss financial condition is the
process of
Sometimes the existence of Increases the total cost of insurance
insurance encourages losses. The
result of this phenomenon is that it
A small business owner concerned Disability insurance.
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
Which of the following is/are not a The 1990 Chevy 22 days after you purchase it as
"your covered auto" under a an additional vehicle for your son who just got
Personal Auto Policy for Liability? his license.
and Verified Correct Answers | Latest Update
2026/2027 - Already Graded A+
Terms in this set (327)
The Florida Surplus Service Lines oversee the surplus lines industry in the state
Office (FSLSO) was created to
Which of the following is NOT a Seeking the license only to write controlled
required qualification for a General business
Lines Agent:
The Department of Financial Pays insurance claims
Services performs the following,
EXCEPT:
Once license, you have how long 48 months
to obtain an appointment?
Which of the following is NOT a Submit rate filings and underwriting rules for
duty of the Office of Insurance approval
Regulation?
,Which one of the following Contractors must usually provide evidence of
statements is correct? liability insurance before a construction contract
is granted.
From a risk management viewpoint, Transfer the cost of losses.
insurance is used to
Liability coverage for loss Commercial general liability insurance.
exposures arising from a business
organization's premises and
operations, its products, or its
completed work is typically
provided by
Which one of the following Insurance helps reduce the financial burden to
statements is correct regarding the society by compensating accident victims.
benefits provided by insurance?
Insurance is not the only risk Noninsurance transfer techniques.
management transfer technique.
When circumstances are
appropriate, transfer can be
accomplished through
,Oscar's custom-built vehicle looks Large number of similar exposure units
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?
Liability coverage to individuals and Personal liability insurance.
families for bodily injury and
property damage arising from the
insured's personal premises or
activities is typically provided by
Sally is a recent college graduate Risk transfer.
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
, One of the costs of insurance is Society
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
Retention is often used in The potential for financial ruin.
combination with insurance as a
way of treating loss exposures. One
of the major downsides of
individuals using retention alone is
The process of restoring an Indemnification
individual or organization to a pre-
loss financial condition is the
process of
Sometimes the existence of Increases the total cost of insurance
insurance encourages losses. The
result of this phenomenon is that it
A small business owner concerned Disability insurance.
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
Which of the following is/are not a The 1990 Chevy 22 days after you purchase it as
"your covered auto" under a an additional vehicle for your son who just got
Personal Auto Policy for Liability? his license.
