FLORIDA
Florida Agents License Exam 2025
The Florida Surplus Service Lines Office (FSLSO) was created to - -oversee the surplus
lines industry in the state
Which of the following is NOT a required qualification for a General Lines Agent: - -
Seeking the license only to write controlled business
The Department of Financial Services performs the following, EXCEPT: - -Pays
insurance claims
Once license, you have how long to obtain an appointment? - -48 months
Which of the following is NOT a duty of the Office of Insurance Regulation? - -Submit
rate filings and underwriting rules for approval
Which one of the following statements is correct? - -Contractors must usually provide
evidence of liability insurance before a construction contract is granted.
From a risk management viewpoint, insurance is used to - -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 - -
Commercial general liability insurance.
Which one of the following statements is correct regarding the benefits provided by
insurance? - -Insurance helps reduce the financial burden to society by compensating
accident victims.
Insurance is not the only risk management transfer technique. When circumstances are
appropriate, transfer can be accomplished through - -Noninsurance transfer techniques.
Oscar's custom-built vehicle looks 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? - -Large number of
similar exposure units
Liability coverage to individuals and families for bodily injury and property damage
arising from the insured's personal premises or activities is typically provided by - -
Personal liability insurance.
FLORIDA
,FLORIDA
Sally is a recent college graduate 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 - -Risk transfer.
One of the costs of insurance is 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 - -Society
Retention is often used in combination with insurance as a way of treating loss
exposures. One of the major downsides of individuals using retention alone is - -The
potential for financial ruin.
The process of restoring an individual or organization to a pre-loss financial condition is
the process of - -Indemnification
Sometimes the existence of insurance encourages losses. The result of this
phenomenon is that it - -Increases the total cost of insurance
A small business owner concerned 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
- -Disability insurance.
Which of the following is/are not a "your covered auto" under a Personal Auto Policy for
Liability? - -The 1990 Chevy 22 days after you purchase it as an additional vehicle for
your son who just got his license.
Joe has a Personal Auto Policy with one car with liability of 10/20/10, basic PIP, 10/20
UM and no Med Pay. His Florida neighbor has an identical policy on her care. Joe is
driving her car, loses control; and hits a tree. Joe is hurt with $15,000 in medical bills.
What is the maximum Joe can collect from UM from all sources from this accident? - -$0
Keith commutes into the city in his car, and he provides a ride to two co-workers who
live near him. Every other week, the co-workers take turns buying the gasoline for
Keith's car. Does this activity create a public or livery conveyance situation that would
preclude liability coverage under Keith's Personal Auto Policy (PAP)? - -No, because
Keith is involved in a share-the-expense car pool.
An insured covers his owned auto with more than one Personal Auto Policy (PAP), each
from a different insurer. In the event of a claim for medical payments coverage, - -Each
insurer pays its pro rata share based on the proportion that its limit of liability bears to
the total of applicable limits.
The Insuring Agreement in Part A - Liability Coverage of the Personal Auto Policy
contains descriptions of all of the following EXCEPT: - -Limit of Liability
FLORIDA
, FLORIDA
Tom and Martha insure their house with an unendorsed HO-3—Special Form (HO-3)
with a Coverage A—Dwelling limit of $300,000, which is the replacement cost of the
house. A thief breaks into the house while Tom and Martha are on vacation and steals
the following items: •$500 cash•$50,000 stock certificates. Ignoring any deductible that
may apply, how much, if any, will Tom and Martha's insurer pay for the loss of the
items? - -$1,700
Under the HO-3—Special Form (HO-3) Section I—Conditions, the Loss Settlement
condition - -Establishes the process for determining the amount to be paid for a property
loss.
Property described in Coverages A, B, and C of an HO-3—Special Form (HO-3) that is
destroyed, confiscated, or seized by order of any governmental or public authority is - -
Excluded.
Adam and his insurer disagree on the amount of a loss covered by his homeowners
policy. Adam wants the insurer to pay $10,000 toward the loss. The insurer's
representative feels that the loss should be valued at $5,000. How could the appraisal
process resolve this situation? - -Adam and the insurer will each select an appraiser,
and the two appraisers will submit their differences to an impartial umpire who will reach
a resolution.
Which one of the following has special limits of liability within Coverage C of the HO-3—
Special Form (HO-3)? - -Theft of firearms
A storm causes power lines to break ten miles from the insured's premises. The loss of
electrical power causes food in the insured's freezer to thaw and spoil. Coverage for this
loss is - -Excluded because the power failure occurred off the residence premises.
If law enforcement officials seize an insured's personal computer to search for files that
might be related to a crime, the insured under an HO-3—Special Form (HO-3) may be
unsuccessful in claiming a theft loss on the computer due to the - -Governmental Action
exclusion.
Sam and Sophia insure their house with an unendorsed HO-3—Special Form (HO-3)
policy. Sam stores a small fishing boat and trailer behind the house. While they are out
for the evening, a fire destroys most of their kitchen and completely destroys the boat
and trailer. Assuming Sam's boat and trailer are valued at $4,000 and ignoring any
deductible that may apply, what amount will their HO-3 insurer pay for the loss of the
boat and trailer? - -$1,500
The Florida Valued Policy Law applies to: - -mobile homes
For a Dwelling Flood policy, which is correct: - -Primary residences are covered at
replacement cost on building losses.
FLORIDA
Florida Agents License Exam 2025
The Florida Surplus Service Lines Office (FSLSO) was created to - -oversee the surplus
lines industry in the state
Which of the following is NOT a required qualification for a General Lines Agent: - -
Seeking the license only to write controlled business
The Department of Financial Services performs the following, EXCEPT: - -Pays
insurance claims
Once license, you have how long to obtain an appointment? - -48 months
Which of the following is NOT a duty of the Office of Insurance Regulation? - -Submit
rate filings and underwriting rules for approval
Which one of the following statements is correct? - -Contractors must usually provide
evidence of liability insurance before a construction contract is granted.
From a risk management viewpoint, insurance is used to - -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 - -
Commercial general liability insurance.
Which one of the following statements is correct regarding the benefits provided by
insurance? - -Insurance helps reduce the financial burden to society by compensating
accident victims.
Insurance is not the only risk management transfer technique. When circumstances are
appropriate, transfer can be accomplished through - -Noninsurance transfer techniques.
Oscar's custom-built vehicle looks 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? - -Large number of
similar exposure units
Liability coverage to individuals and families for bodily injury and property damage
arising from the insured's personal premises or activities is typically provided by - -
Personal liability insurance.
FLORIDA
,FLORIDA
Sally is a recent college graduate 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 - -Risk transfer.
One of the costs of insurance is 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 - -Society
Retention is often used in combination with insurance as a way of treating loss
exposures. One of the major downsides of individuals using retention alone is - -The
potential for financial ruin.
The process of restoring an individual or organization to a pre-loss financial condition is
the process of - -Indemnification
Sometimes the existence of insurance encourages losses. The result of this
phenomenon is that it - -Increases the total cost of insurance
A small business owner concerned 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
- -Disability insurance.
Which of the following is/are not a "your covered auto" under a Personal Auto Policy for
Liability? - -The 1990 Chevy 22 days after you purchase it as an additional vehicle for
your son who just got his license.
Joe has a Personal Auto Policy with one car with liability of 10/20/10, basic PIP, 10/20
UM and no Med Pay. His Florida neighbor has an identical policy on her care. Joe is
driving her car, loses control; and hits a tree. Joe is hurt with $15,000 in medical bills.
What is the maximum Joe can collect from UM from all sources from this accident? - -$0
Keith commutes into the city in his car, and he provides a ride to two co-workers who
live near him. Every other week, the co-workers take turns buying the gasoline for
Keith's car. Does this activity create a public or livery conveyance situation that would
preclude liability coverage under Keith's Personal Auto Policy (PAP)? - -No, because
Keith is involved in a share-the-expense car pool.
An insured covers his owned auto with more than one Personal Auto Policy (PAP), each
from a different insurer. In the event of a claim for medical payments coverage, - -Each
insurer pays its pro rata share based on the proportion that its limit of liability bears to
the total of applicable limits.
The Insuring Agreement in Part A - Liability Coverage of the Personal Auto Policy
contains descriptions of all of the following EXCEPT: - -Limit of Liability
FLORIDA
, FLORIDA
Tom and Martha insure their house with an unendorsed HO-3—Special Form (HO-3)
with a Coverage A—Dwelling limit of $300,000, which is the replacement cost of the
house. A thief breaks into the house while Tom and Martha are on vacation and steals
the following items: •$500 cash•$50,000 stock certificates. Ignoring any deductible that
may apply, how much, if any, will Tom and Martha's insurer pay for the loss of the
items? - -$1,700
Under the HO-3—Special Form (HO-3) Section I—Conditions, the Loss Settlement
condition - -Establishes the process for determining the amount to be paid for a property
loss.
Property described in Coverages A, B, and C of an HO-3—Special Form (HO-3) that is
destroyed, confiscated, or seized by order of any governmental or public authority is - -
Excluded.
Adam and his insurer disagree on the amount of a loss covered by his homeowners
policy. Adam wants the insurer to pay $10,000 toward the loss. The insurer's
representative feels that the loss should be valued at $5,000. How could the appraisal
process resolve this situation? - -Adam and the insurer will each select an appraiser,
and the two appraisers will submit their differences to an impartial umpire who will reach
a resolution.
Which one of the following has special limits of liability within Coverage C of the HO-3—
Special Form (HO-3)? - -Theft of firearms
A storm causes power lines to break ten miles from the insured's premises. The loss of
electrical power causes food in the insured's freezer to thaw and spoil. Coverage for this
loss is - -Excluded because the power failure occurred off the residence premises.
If law enforcement officials seize an insured's personal computer to search for files that
might be related to a crime, the insured under an HO-3—Special Form (HO-3) may be
unsuccessful in claiming a theft loss on the computer due to the - -Governmental Action
exclusion.
Sam and Sophia insure their house with an unendorsed HO-3—Special Form (HO-3)
policy. Sam stores a small fishing boat and trailer behind the house. While they are out
for the evening, a fire destroys most of their kitchen and completely destroys the boat
and trailer. Assuming Sam's boat and trailer are valued at $4,000 and ignoring any
deductible that may apply, what amount will their HO-3 insurer pay for the loss of the
boat and trailer? - -$1,500
The Florida Valued Policy Law applies to: - -mobile homes
For a Dwelling Flood policy, which is correct: - -Primary residences are covered at
replacement cost on building losses.
FLORIDA
