1|Page
FLORIDA 2-20 STATE EXAM LATEST 2025/ 2026
ACTUAL EXAM WITH COMPLETE QUESTIONS AND
CORRECT DETAILED ANSWERS WITH RATIONALES
(100% VERIFIED ANSWERS) |ALREADY GRADED A+|
|| VERIFIED EXAM!!|| ||LATEST EXAM!!!||
The Florida Surplus Service Lines Office (FSLSO) was
created to - Answer-oversee the surplus lines industry in
the state
Which of the following is NOT a required qualification for a
General Lines Agent: - Answer-Seeking the license only to
write controlled business
The Department of Financial Services performs the
following, EXCEPT: - Answer-Pays insurance claims
Once license, you have how long to obtain an
appointment? - Answer-48 months
Which of the following is NOT a duty of the Office of
Insurance Regulation? - Answer-Submit rate filings and
underwriting rules for approval
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Which one of the following statements is 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 -
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 -
Answer-Commercial general liability insurance.
Which one of the following statements is correct regarding
the benefits provided by insurance? - Answer-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 - Answer-Noninsurance
transfer techniques.
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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? - Answer-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 -
Answer-Personal liability insurance.
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 - Answer-Risk transfer.
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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 -
Answer-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 - Answer-
The potential for financial ruin.
The process of restoring an individual or organization to a
pre-loss financial condition is the process of - Answer-
Indemnification
Sometimes the existence of insurance encourages losses.
The result of this phenomenon is that it - Answer-
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 - Answer-Disability insurance.
FLORIDA 2-20 STATE EXAM LATEST 2025/ 2026
ACTUAL EXAM WITH COMPLETE QUESTIONS AND
CORRECT DETAILED ANSWERS WITH RATIONALES
(100% VERIFIED ANSWERS) |ALREADY GRADED A+|
|| VERIFIED EXAM!!|| ||LATEST EXAM!!!||
The Florida Surplus Service Lines Office (FSLSO) was
created to - Answer-oversee the surplus lines industry in
the state
Which of the following is NOT a required qualification for a
General Lines Agent: - Answer-Seeking the license only to
write controlled business
The Department of Financial Services performs the
following, EXCEPT: - Answer-Pays insurance claims
Once license, you have how long to obtain an
appointment? - Answer-48 months
Which of the following is NOT a duty of the Office of
Insurance Regulation? - Answer-Submit rate filings and
underwriting rules for approval
,2|Page
Which one of the following statements is 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 -
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 -
Answer-Commercial general liability insurance.
Which one of the following statements is correct regarding
the benefits provided by insurance? - Answer-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 - Answer-Noninsurance
transfer techniques.
,3|Page
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? - Answer-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 -
Answer-Personal liability insurance.
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 - Answer-Risk transfer.
, 4|Page
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 -
Answer-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 - Answer-
The potential for financial ruin.
The process of restoring an individual or organization to a
pre-loss financial condition is the process of - Answer-
Indemnification
Sometimes the existence of insurance encourages losses.
The result of this phenomenon is that it - Answer-
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 - Answer-Disability insurance.
