1 of 39 220 EXAM - FLORIDA STATUTES 220 EXAM - FLORIDA STATUTES.pdf
220 EXAM - FLORIDA STATUTES
All of the following are grounds for compulsory refusal, suspension, or
revocation EXCEPT:
A. Unlawfully rebating
B. Fraudulent submission of a Workers' Comp app
C. Lack of reasonably adequate knowledge
D. Soliciting insurance in other areas of the state
D. Soliciting insurance in other areas of the state
How long is a temporary license good for?
A. 12 months
B. 6 months
C. 4 months
D. 2 months
B. 6 months
Which of the following can a licensed agent share commissions with?
A. A non-resident agent
B. A customer representative
C. A car dealer
D. A real estate agent
A. A non-resident agent
Page 1 of 39 220 EXAM - FLORIDA STATUTES Page 1
,2 of 39 220 EXAM - FLORIDA STATUTES 220 EXAM - FLORIDA STATUTES.pdf
Jim and Glenda go to the local branch of their bank for a home loan.
The loan officer tells them that in order to qualify for the loan they must
purchase insurance from the bank. This is an example of
A. Misrepresentation
B. Coercion
C. Twisting
D. Rebating
B. Coercion
Knowingly using an incomplete comparison of insurance policies in order to
get the insured to buy a policy from you is called:
A. Misrepresentation
B. Coercion
C. Twisting
D. Rebating
C. Twisting
Charging an applicant for a specific ancillary coverage in addition to the
cost of the auto insurance coverage applied for without his consent is called:
A. Misrepresentation
B. Churning
C. Sliding
D. Coercion
C. Sliding
Page 2 of 39 220 EXAM - FLORIDA STATUTES Page 2
,3 of 39 220 EXAM - FLORIDA STATUTES 220 EXAM - FLORIDA STATUTES.pdf
An insurance company formed under the laws of Florida is called:
A. Foreign
B. Alien
C. Domestic
D. Captive
C. Domestic
An insurance company formed under the laws of another state is called:
A. Foreign
B. Alien
C. Domestic
D. Captive
A. Foreign
An insurance company formed in Zurich, Switzerland is called:
A. Foreign
B. Alien
C. Domestic
D. Captive
B. Alien
An insurance company that is licensed to do business in Florida is called:
A. A licensed insurance company
B. An authorized insurance company
C. An unauthorized insurance company
Page 3 of 39 220 EXAM - FLORIDA STATUTES Page 3
, 4 of 39 220 EXAM - FLORIDA STATUTES 220 EXAM - FLORIDA STATUTES.pdf
D. A captive insurance company
B. An authorized insurance company
All of the following are considered "transacting insurance "EXCEPT:
A. Solicitation
B. Transacting changes and endorsements
C. Giving quotes and proposals
D. Underwriting new business
D. Underwriting new business
Which of the following is not a type of insurance that can be transacted
with a "general lines" insurance license?
A. Health insurance written by a carrier which is also
represented for P&C
B. Marine insurance
C. Life insurance written by carrier which is also
represented for P&C
D. Surety
C. Life insurance written by carrier which is also
represented for P&C
When authority is given to a licensee to transact or adjust insurance,
it is called:
A. Certificate of authority
B. Appointment
C. Attorney-in-fact
Page 4 of 39 220 EXAM - FLORIDA STATUTES Page 4
220 EXAM - FLORIDA STATUTES
All of the following are grounds for compulsory refusal, suspension, or
revocation EXCEPT:
A. Unlawfully rebating
B. Fraudulent submission of a Workers' Comp app
C. Lack of reasonably adequate knowledge
D. Soliciting insurance in other areas of the state
D. Soliciting insurance in other areas of the state
How long is a temporary license good for?
A. 12 months
B. 6 months
C. 4 months
D. 2 months
B. 6 months
Which of the following can a licensed agent share commissions with?
A. A non-resident agent
B. A customer representative
C. A car dealer
D. A real estate agent
A. A non-resident agent
Page 1 of 39 220 EXAM - FLORIDA STATUTES Page 1
,2 of 39 220 EXAM - FLORIDA STATUTES 220 EXAM - FLORIDA STATUTES.pdf
Jim and Glenda go to the local branch of their bank for a home loan.
The loan officer tells them that in order to qualify for the loan they must
purchase insurance from the bank. This is an example of
A. Misrepresentation
B. Coercion
C. Twisting
D. Rebating
B. Coercion
Knowingly using an incomplete comparison of insurance policies in order to
get the insured to buy a policy from you is called:
A. Misrepresentation
B. Coercion
C. Twisting
D. Rebating
C. Twisting
Charging an applicant for a specific ancillary coverage in addition to the
cost of the auto insurance coverage applied for without his consent is called:
A. Misrepresentation
B. Churning
C. Sliding
D. Coercion
C. Sliding
Page 2 of 39 220 EXAM - FLORIDA STATUTES Page 2
,3 of 39 220 EXAM - FLORIDA STATUTES 220 EXAM - FLORIDA STATUTES.pdf
An insurance company formed under the laws of Florida is called:
A. Foreign
B. Alien
C. Domestic
D. Captive
C. Domestic
An insurance company formed under the laws of another state is called:
A. Foreign
B. Alien
C. Domestic
D. Captive
A. Foreign
An insurance company formed in Zurich, Switzerland is called:
A. Foreign
B. Alien
C. Domestic
D. Captive
B. Alien
An insurance company that is licensed to do business in Florida is called:
A. A licensed insurance company
B. An authorized insurance company
C. An unauthorized insurance company
Page 3 of 39 220 EXAM - FLORIDA STATUTES Page 3
, 4 of 39 220 EXAM - FLORIDA STATUTES 220 EXAM - FLORIDA STATUTES.pdf
D. A captive insurance company
B. An authorized insurance company
All of the following are considered "transacting insurance "EXCEPT:
A. Solicitation
B. Transacting changes and endorsements
C. Giving quotes and proposals
D. Underwriting new business
D. Underwriting new business
Which of the following is not a type of insurance that can be transacted
with a "general lines" insurance license?
A. Health insurance written by a carrier which is also
represented for P&C
B. Marine insurance
C. Life insurance written by carrier which is also
represented for P&C
D. Surety
C. Life insurance written by carrier which is also
represented for P&C
When authority is given to a licensee to transact or adjust insurance,
it is called:
A. Certificate of authority
B. Appointment
C. Attorney-in-fact
Page 4 of 39 220 EXAM - FLORIDA STATUTES Page 4
