FLORIDA 2-20 AGENTS LICENSE EXAM REAL EXAM
QUESTIONS AND CORRECT DETAILED ANSWERS
GRADED A+ GET IT 100% ACCURATE!!
FLORIDA 2-20 AGENTS LICENSE EXAM
1. The Florida Surplus Service Lines Office (FSLSO) oversee the sur-
was created to plus lines indu
in the state
2. Which of the following is NOT a required qualification Seeking the li-
for a General Lines Agent: cense only to w
controlled
business
3. The Department of Financial Services performs the Pays insurance following,
EXCEPT: claims
4. Once license, you have how long to obtain an ap- 48 months pointment?
5. Which of the following is NOT a duty of the Office of Submit rate filings
Insurance Regulation? and underwri
rules for
approval
,6. Which one of the following statements is correct? Contractors must
usually
provide
evidence of
liability
insurance
before a
constructio
n contract
is granted.
7. From a risk management viewpoint, insurance is Transfer the cost used to
of losses.
8. Liability coverage for loss exposures arising from a Commercial genbusiness
organization's premises and operations, its eral liability insurproducts, or its
completed work is typically provided ance. by
9. Which one of the following statements is correct re- Insurance helps garding
the benefits provided by insurance? reduce the finan-
cial burden
to society
by
, compensati
ng accident
victims.
10. Insurance is not the only risk management trans- Noninsurance fer
technique. When circumstances are appropriate, transfer transfer can be
accomplished through techniques.
11. Oscar's custom-built vehicle looks like a sausage Large number of sandwich on
wheels. He plans to drive it to special similar exposure events at schools around
the country where it will units 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?
12. Liability coverage to individuals and families for bod- Personal liability ily
injury and property damage arising from the in- insurance. sured's personal
premises or activities is typically provided by
13. Sally is a recent college graduate who lives in the Risk transfer.
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
14. One of the costs of insurance is said to be opportuni- Society ty 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
15. Retention is often used in combination with insur- The potential for fiance as a
way of treating loss exposures. One of the nancial ruin. major downsides of
individuals using retention alone is
16. Indemnification The process of restoring an individual or organization to a
pre-loss financial condition is the process of
17. Sometimes the existence of insurance encourages Increases the total losses.
The result of this phenomenon is that it cost of insurance
18. A small business owner concerned about something Disability insurhappening
and not being able to work or earn a living ance. for an extended period of
time due to an accident should purchase
QUESTIONS AND CORRECT DETAILED ANSWERS
GRADED A+ GET IT 100% ACCURATE!!
FLORIDA 2-20 AGENTS LICENSE EXAM
1. The Florida Surplus Service Lines Office (FSLSO) oversee the sur-
was created to plus lines indu
in the state
2. Which of the following is NOT a required qualification Seeking the li-
for a General Lines Agent: cense only to w
controlled
business
3. The Department of Financial Services performs the Pays insurance following,
EXCEPT: claims
4. Once license, you have how long to obtain an ap- 48 months pointment?
5. Which of the following is NOT a duty of the Office of Submit rate filings
Insurance Regulation? and underwri
rules for
approval
,6. Which one of the following statements is correct? Contractors must
usually
provide
evidence of
liability
insurance
before a
constructio
n contract
is granted.
7. From a risk management viewpoint, insurance is Transfer the cost used to
of losses.
8. Liability coverage for loss exposures arising from a Commercial genbusiness
organization's premises and operations, its eral liability insurproducts, or its
completed work is typically provided ance. by
9. Which one of the following statements is correct re- Insurance helps garding
the benefits provided by insurance? reduce the finan-
cial burden
to society
by
, compensati
ng accident
victims.
10. Insurance is not the only risk management trans- Noninsurance fer
technique. When circumstances are appropriate, transfer transfer can be
accomplished through techniques.
11. Oscar's custom-built vehicle looks like a sausage Large number of sandwich on
wheels. He plans to drive it to special similar exposure events at schools around
the country where it will units 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?
12. Liability coverage to individuals and families for bod- Personal liability ily
injury and property damage arising from the in- insurance. sured's personal
premises or activities is typically provided by
13. Sally is a recent college graduate who lives in the Risk transfer.
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
14. One of the costs of insurance is said to be opportuni- Society ty 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
15. Retention is often used in combination with insur- The potential for fiance as a
way of treating loss exposures. One of the nancial ruin. major downsides of
individuals using retention alone is
16. Indemnification The process of restoring an individual or organization to a
pre-loss financial condition is the process of
17. Sometimes the existence of insurance encourages Increases the total losses.
The result of this phenomenon is that it cost of insurance
18. A small business owner concerned about something Disability insurhappening
and not being able to work or earn a living ance. for an extended period of
time due to an accident should purchase
