4-40 FL License Practice Questions with 100% Correct Answers

The General Lines state exam consists of ____ questions with a _______ time limit. Correct Answer 160 questions; 3 hours For a Customer Representative License, the applicant must show they are how many years of age? Correct Answer 18 years old When more than 50% of an agents incomes cones from the business from an agent or their family, that is known as what type of business? Correct Answer Controlled Business If a representative's license has gone more than 48 months without an appointment they must apply again as what? Correct Answer First Time Applicant A designated customer service representative in Florida can only be appointed by who or what? Correct Answer General Lines Agent Once an adjuster license has gone beyond _____ months without an appointment, you will have to qualify as a first time applicant. Correct Answer 48 months What elected official is a member of the Florida cabinet, and serves as the Head of the Department of Financial Services? Correct Answer Chief Financial Officer Who directly oversees the Division of Insurance Agent and Agency Services? Correct Answer Chief Financial Officer Insurance company regulation is administered by which office? Correct Answer Office of Insurance Regulation What office provides oversight to Florida's financial service providers? Correct Answer Office of Financial Regulation What is the best definition of risk? Correct Answer The chance of financial loss What is the temporary insurance which can be made through oral or written agreements? Correct Answer Binder What type of insurance best describes when payments are made on behalf of the insured to another party? Correct Answer Liability Insurance