Florida 2-20 Agents License Exam Questions with correct answers

The Florida Surplus Service Lines Office (FSLSO) was created to CORRECT ANSWER oversee the surplus lines industry in the state Which of the following is NOT a required qualification for a General Lines Agent: CORRECT ANSWER Seeking the license only to write controlled business The Department of Financial Services performs the following, EXCEPT: CORRECT ANSWER Pays insurance claims Once license, you have how long to obtain an appointment? CORRECT ANSWER 48 months Which of the following is NOT a duty of the Office of Insurance Regulation? CORRECT ANSWER Submit rate filings and underwriting rules for approval Which one of the following statements is correct? 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 CORRECT 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 CORRECT ANSWER Commercial general liability insurance.