FL STATUTES PROPERTY &
CASUALTY EXAM QUESTIONS WITH
COMPLETE ANSWERS
C. Every 3 years - ANSWER-When can an insurance company be audited?
A. Every 6 months
B. Every year
C. Every 3 years
D. Every 5 Years
A. Solvency - ANSWER-The Department of Financial Services audits insurance
companies books for what reason ?
A. Solvency
B. To determine who their insureds are
C. To determine how much exposure they have in one area
D. To determine if the agents are licensed
B. Insurance Company - ANSWER-A licensed insurance agent represents whom ?
A. Client
B. Insurance Company
C. Chief Financial Officer
D. Agency they work for
D. All of the above - ANSWER-Rebating is which of the following ?
A. Charging Less Premium
B. Accepting less commission
C. Giving something of value in order to encourage people to buy coverage
D. All of the Above
B. 24 hours every 24 months - ANSWER-What is the amount of time for a licensed
agent's continuing education with less than 5 years of licensure
A. 20 hours every 24 months
B. 24 hours every 24 months
C. 28 hours every 24 months
D. 40 hours every 24 months
D. Personal Auto Only - ANSWER-A Limited Lines CSR can help and assist an
agent in their office with :
A. Health Only
B. Auto & Health only
C. Personal Auto & Commercial Auto & Homeowners
, D. Personal Auto only
D. Leading the insured to believe something different than what is correct -
ANSWER-Misrepresentation in Advertising by an insurance company is ?
A. Defamation
B. Twisting
C. Rebating
D. Leading the insured to believe something different than what is correct
B. Another licensed agent with same type of license - ANSWER-Who could the
agent split the commission with ?
A. The customer
B. Another licensed agent with same type of license
C. Another licensed agent with any type of license
D. No one
C. Every 3 three years - ANSWER-How often does the Chief Financial Officer audit
insurance companies ?
A. Once a quarter
B. Once a year
C. Every three years
D.Every five years
D. Within 48 months from date of termination - ANSWER-If the Agency, for which the
agent was appointed through, terminates the agents appointment , how long does
the agent have to reactivate the appointment before being considered a first time
applicant . ?
A. Within 2 weeks of termination
B. Within 30 days of termination
C. Within 1 year from date of termination
D. Within 48 months from date of termination
A. 24 Months - ANSWER-How long is the agent's appointment good for ?
A. 24 Months
B. 36 Months
C. 48 Months
D . Unlimited
D. Policyholders - ANSWER-A Mutual Insurance company is owned by which of the
following ?
A. The Investors
B. The Stockholders
C. The Officers
D. The policyholders
CASUALTY EXAM QUESTIONS WITH
COMPLETE ANSWERS
C. Every 3 years - ANSWER-When can an insurance company be audited?
A. Every 6 months
B. Every year
C. Every 3 years
D. Every 5 Years
A. Solvency - ANSWER-The Department of Financial Services audits insurance
companies books for what reason ?
A. Solvency
B. To determine who their insureds are
C. To determine how much exposure they have in one area
D. To determine if the agents are licensed
B. Insurance Company - ANSWER-A licensed insurance agent represents whom ?
A. Client
B. Insurance Company
C. Chief Financial Officer
D. Agency they work for
D. All of the above - ANSWER-Rebating is which of the following ?
A. Charging Less Premium
B. Accepting less commission
C. Giving something of value in order to encourage people to buy coverage
D. All of the Above
B. 24 hours every 24 months - ANSWER-What is the amount of time for a licensed
agent's continuing education with less than 5 years of licensure
A. 20 hours every 24 months
B. 24 hours every 24 months
C. 28 hours every 24 months
D. 40 hours every 24 months
D. Personal Auto Only - ANSWER-A Limited Lines CSR can help and assist an
agent in their office with :
A. Health Only
B. Auto & Health only
C. Personal Auto & Commercial Auto & Homeowners
, D. Personal Auto only
D. Leading the insured to believe something different than what is correct -
ANSWER-Misrepresentation in Advertising by an insurance company is ?
A. Defamation
B. Twisting
C. Rebating
D. Leading the insured to believe something different than what is correct
B. Another licensed agent with same type of license - ANSWER-Who could the
agent split the commission with ?
A. The customer
B. Another licensed agent with same type of license
C. Another licensed agent with any type of license
D. No one
C. Every 3 three years - ANSWER-How often does the Chief Financial Officer audit
insurance companies ?
A. Once a quarter
B. Once a year
C. Every three years
D.Every five years
D. Within 48 months from date of termination - ANSWER-If the Agency, for which the
agent was appointed through, terminates the agents appointment , how long does
the agent have to reactivate the appointment before being considered a first time
applicant . ?
A. Within 2 weeks of termination
B. Within 30 days of termination
C. Within 1 year from date of termination
D. Within 48 months from date of termination
A. 24 Months - ANSWER-How long is the agent's appointment good for ?
A. 24 Months
B. 36 Months
C. 48 Months
D . Unlimited
D. Policyholders - ANSWER-A Mutual Insurance company is owned by which of the
following ?
A. The Investors
B. The Stockholders
C. The Officers
D. The policyholders
