FSLSO EXAM QUESTIONS WITH 100%
SOLVED ANSWERS!!
1 of 75
Term
The regulatory framework for surplus lines protects both consumers
and states in which of the following ways?
a. permits consumers to access surplus lines insurers without
physically leaving their state
b. uses specially trained and licensed surplus lines agents to
assist consumers
c. establishes a system for levying and collecting taxes
d. all of the above
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, e.A and C only d. alien insurer
b. surplus lines agent d. all of the above
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2 of 75
Term
If a surplus lines policy is cancelled "flat" and taxes were paid, how
much of the tax is returned
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address of each insured none, taxes are fully earned
all of the tax only the unearned portion
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3 of 75
Term
in 2011 the florida legislature passed a bill that exempted surplus
lines agents from having to complete the diligent effort search on
certain commercial coveraeges, including all of the following
, except:
a.commercial property
b. general liability
c. commercial residential property
d. errors and omissions
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Commercial Aircraft hull and/or
b. surplus lines agent liability
c. commercial
d. all of the above residential property
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4 of 75
Term
A managing general agent's primary responsibilit is to follow all of
the guidelines of the board ___ granted by the insurer
a. marketing plans
b. claims processing
c. comission plan
d. binding authority
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retail agent a. premium receipts tax (4.94%)
, c. surplus lines agent d. binding authority
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5 of 75
Term
Who is responsible for obtaining the signed disclosure statement
and retaining it in the policy file
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surplus line broker retail agent
wholesale agent wholesale broker
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6 of 75
Term
Who is entitled to charge and retain the per-policy fee?
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SOLVED ANSWERS!!
1 of 75
Term
The regulatory framework for surplus lines protects both consumers
and states in which of the following ways?
a. permits consumers to access surplus lines insurers without
physically leaving their state
b. uses specially trained and licensed surplus lines agents to
assist consumers
c. establishes a system for levying and collecting taxes
d. all of the above
Give this one a try later!
, e.A and C only d. alien insurer
b. surplus lines agent d. all of the above
Don't know?
2 of 75
Term
If a surplus lines policy is cancelled "flat" and taxes were paid, how
much of the tax is returned
Give this one a try later!
address of each insured none, taxes are fully earned
all of the tax only the unearned portion
Don't know?
3 of 75
Term
in 2011 the florida legislature passed a bill that exempted surplus
lines agents from having to complete the diligent effort search on
certain commercial coveraeges, including all of the following
, except:
a.commercial property
b. general liability
c. commercial residential property
d. errors and omissions
Give this one a try later!
Commercial Aircraft hull and/or
b. surplus lines agent liability
c. commercial
d. all of the above residential property
Don't know?
4 of 75
Term
A managing general agent's primary responsibilit is to follow all of
the guidelines of the board ___ granted by the insurer
a. marketing plans
b. claims processing
c. comission plan
d. binding authority
Give this one a try later!
retail agent a. premium receipts tax (4.94%)
, c. surplus lines agent d. binding authority
Don't know?
5 of 75
Term
Who is responsible for obtaining the signed disclosure statement
and retaining it in the policy file
Give this one a try later!
surplus line broker retail agent
wholesale agent wholesale broker
Don't know?
6 of 75
Term
Who is entitled to charge and retain the per-policy fee?
Give this one a try later!
