220 EXAM - FLORIDA STATUTES exam
review questions and answers
All of the following are grounds for compulsory refusal, suspension, or
revocation EXCEPT:
A. Unlawfully rebating
B. Fraudulent submission of a Workers' Comp app
C. Lack of reasonably adequate knowledge
D. Soliciting insurance in other areas of the state - correct answer ✅D. Soliciting
insurance in other areas of the state
How long is a temporary license good for?
A. 12 months
B. 6 months
C. 4 months
D. 2 months - correct answer ✅B. 6 months
Which of the following can a licensed agent share commissions with?
A. A non-resident agent
B. A customer representative
C. A car dealer
D. A real estate agent - correct answer ✅A. A non-resident agent
,220 EXAM - FLORIDA STATUTES exam
review questions and answers
Jim and Glenda go to the local branch of their bank for a home loan.
The loan officer tells them that in order to qualify for the loan they must
purchase insurance from the bank. This is an example of
A. Misrepresentation
B. Coercion
C. Twisting
D. Rebating - correct answer ✅B. Coercion
Knowingly using an incomplete comparison of insurance policies in order to
get the insured to buy a policy from you is called:
A. Misrepresentation
B. Coercion
C. Twisting
D. Rebating - correct answer ✅C. Twisting
Charging an applicant for a specific ancillary coverage in addition to the
cost of the auto insurance coverage applied for without his consent is called:
,220 EXAM - FLORIDA STATUTES exam
review questions and answers
A. Misrepresentation
B. Churning
C. Sliding
D. Coercion - correct answer ✅C. Sliding
An insurance company formed under the laws of Florida is called:
A. Foreign
B. Alien
C. Domestic
D. Captive - correct answer ✅C. Domestic
An insurance company formed under the laws of another state is called:
A. Foreign
B. Alien
C. Domestic
D. Captive - correct answer ✅A. Foreign
An insurance company formed in Zurich, Switzerland is called:
, 220 EXAM - FLORIDA STATUTES exam
review questions and answers
A. Foreign
B. Alien
C. Domestic
D. Captive - correct answer ✅B. Alien
An insurance company that is licensed to do business in Florida is called:
A. A licensed insurance company
B. An authorized insurance company
C. An unauthorized insurance company
D. A captive insurance company - correct answer ✅B. An authorized insurance
company
All of the following are considered "transacting insurance "EXCEPT:
A. Solicitation
B. Transacting changes and endorsements
C. Giving quotes and proposals
D. Underwriting new business - correct answer ✅D. Underwriting new business
Which of the following is not a type of insurance that can be transacted
review questions and answers
All of the following are grounds for compulsory refusal, suspension, or
revocation EXCEPT:
A. Unlawfully rebating
B. Fraudulent submission of a Workers' Comp app
C. Lack of reasonably adequate knowledge
D. Soliciting insurance in other areas of the state - correct answer ✅D. Soliciting
insurance in other areas of the state
How long is a temporary license good for?
A. 12 months
B. 6 months
C. 4 months
D. 2 months - correct answer ✅B. 6 months
Which of the following can a licensed agent share commissions with?
A. A non-resident agent
B. A customer representative
C. A car dealer
D. A real estate agent - correct answer ✅A. A non-resident agent
,220 EXAM - FLORIDA STATUTES exam
review questions and answers
Jim and Glenda go to the local branch of their bank for a home loan.
The loan officer tells them that in order to qualify for the loan they must
purchase insurance from the bank. This is an example of
A. Misrepresentation
B. Coercion
C. Twisting
D. Rebating - correct answer ✅B. Coercion
Knowingly using an incomplete comparison of insurance policies in order to
get the insured to buy a policy from you is called:
A. Misrepresentation
B. Coercion
C. Twisting
D. Rebating - correct answer ✅C. Twisting
Charging an applicant for a specific ancillary coverage in addition to the
cost of the auto insurance coverage applied for without his consent is called:
,220 EXAM - FLORIDA STATUTES exam
review questions and answers
A. Misrepresentation
B. Churning
C. Sliding
D. Coercion - correct answer ✅C. Sliding
An insurance company formed under the laws of Florida is called:
A. Foreign
B. Alien
C. Domestic
D. Captive - correct answer ✅C. Domestic
An insurance company formed under the laws of another state is called:
A. Foreign
B. Alien
C. Domestic
D. Captive - correct answer ✅A. Foreign
An insurance company formed in Zurich, Switzerland is called:
, 220 EXAM - FLORIDA STATUTES exam
review questions and answers
A. Foreign
B. Alien
C. Domestic
D. Captive - correct answer ✅B. Alien
An insurance company that is licensed to do business in Florida is called:
A. A licensed insurance company
B. An authorized insurance company
C. An unauthorized insurance company
D. A captive insurance company - correct answer ✅B. An authorized insurance
company
All of the following are considered "transacting insurance "EXCEPT:
A. Solicitation
B. Transacting changes and endorsements
C. Giving quotes and proposals
D. Underwriting new business - correct answer ✅D. Underwriting new business
Which of the following is not a type of insurance that can be transacted
