FLORIDA GENERAL LINES AGENT
EXAMINATION STUDY SHEET 2026 VERIFIED
QUESTION–ANSWER COLLECTION
◉ What is an insurance policy?
a.A binder that offers initial insurance coverage
b.An oral agreement related to insurance
c.A temporary agreement for insurance coverage
d.A written agreement or contract for insurance coverage
Answer: d.
◉ What is an insurance binder?
a.An agreement with an insurer for coverage
b.A temporary agreement for insurance coverage subject to the
decision of the insurer
c.A permanent agreement for insurance coverage
d.An agreement with an agent
Answer: b
,◉ The term casualty is related to all the following insurance lines
except?
a.Life and health insurance
b.Marine insurance
c.Insurance on property
d.Liability insurance
Answer: a
◉ What is the mathematical concept where the actual results from
an event being measured will equal the predicted or expected
results as the number of units or trials increases?
Answer: The concept of The Law of Large Numbers.
◉ What insurance principle acts to place an insured in the same or
similar financial position after a loss as was prior to the loss event?
a.The indemnity principle
b.The waiver principle
c.The principle of utmost good faith
d.The principle of subrogation
Answer: a
,◉ What type of contract prevents an insured from transferring the
interest of an insurance policy to another?
a.A personal contract
b.An indemnity contract
c.A subrogation contract
d.A contract of good faith
Answer: a
◉ What type of contract is one where the obligation of the insurer is
to perform the terms of the contract and is based on the insured
satisfying certain conditions?
a.A binding contract
b.A personal contract
c.A conditional contract
d.An adhesion contract
Answer: c
◉ What type of contract is it that the insured cannot negotiate the
terms of the contract and must accept the terms specified in the
contract?
, a.An indemnity contract
b.A conditional contract
c.A contract of adhesion
d.A personal contract
Answer: c
◉ What type of interest (financial or legal) in property must an
insured have to benefit from a loss that is insured?
a.Insurable interest
b.An adhesion interest
c.An indemnity interest
d.A personal interest
Answer: a
◉ What insurance doctrine states that a cause of a loss and all other
directly related events flowing from the same cause of the loss
would be considered as one event?
a.The doctrine of insurable interest
b.The doctrine of proximate cause
EXAMINATION STUDY SHEET 2026 VERIFIED
QUESTION–ANSWER COLLECTION
◉ What is an insurance policy?
a.A binder that offers initial insurance coverage
b.An oral agreement related to insurance
c.A temporary agreement for insurance coverage
d.A written agreement or contract for insurance coverage
Answer: d.
◉ What is an insurance binder?
a.An agreement with an insurer for coverage
b.A temporary agreement for insurance coverage subject to the
decision of the insurer
c.A permanent agreement for insurance coverage
d.An agreement with an agent
Answer: b
,◉ The term casualty is related to all the following insurance lines
except?
a.Life and health insurance
b.Marine insurance
c.Insurance on property
d.Liability insurance
Answer: a
◉ What is the mathematical concept where the actual results from
an event being measured will equal the predicted or expected
results as the number of units or trials increases?
Answer: The concept of The Law of Large Numbers.
◉ What insurance principle acts to place an insured in the same or
similar financial position after a loss as was prior to the loss event?
a.The indemnity principle
b.The waiver principle
c.The principle of utmost good faith
d.The principle of subrogation
Answer: a
,◉ What type of contract prevents an insured from transferring the
interest of an insurance policy to another?
a.A personal contract
b.An indemnity contract
c.A subrogation contract
d.A contract of good faith
Answer: a
◉ What type of contract is one where the obligation of the insurer is
to perform the terms of the contract and is based on the insured
satisfying certain conditions?
a.A binding contract
b.A personal contract
c.A conditional contract
d.An adhesion contract
Answer: c
◉ What type of contract is it that the insured cannot negotiate the
terms of the contract and must accept the terms specified in the
contract?
, a.An indemnity contract
b.A conditional contract
c.A contract of adhesion
d.A personal contract
Answer: c
◉ What type of interest (financial or legal) in property must an
insured have to benefit from a loss that is insured?
a.Insurable interest
b.An adhesion interest
c.An indemnity interest
d.A personal interest
Answer: a
◉ What insurance doctrine states that a cause of a loss and all other
directly related events flowing from the same cause of the loss
would be considered as one event?
a.The doctrine of insurable interest
b.The doctrine of proximate cause
