Florida 4-40 Test (2026) | Verified
Questions and Correct Answers |
Graded A+
• For a Customer Representative License, the applicant must show they
are how many years of age? 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?
Answer: Controlled Business
• If a representative's license has gone more than 48 months without an
appointment they must apply again as what? Answer: First Time
Applicant
• A designated customer service representative in Florida can only be
appointed by who or what? 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. Answer:
48 months
• What elected official is a member of the Florida cabinet, and serves as
the Head of the Department of Financial Services? Answer: Chief
Financial Officer
, • Who directly oversees the Division of Insurance Agent and Agency
Services? Answer: Chief Financial Officer
• Insurance company regulation is administered by which office?
Answer: Office of Insurance Regulation
• What office provides oversight to Florida's financial service providers?
Answer: Office of Financial Regulation
• What is the best definition of risk? Answer: The chance of financial
loss
• What is the temporary insurance which can be made through oral or
written agreements? Answer: Binder
• What type of insurance best describes when payments are made on
behalf of the insured to another party? Answer: Liability Insurance
• John is shopping for auto insurance and is offered a policy he doesn't
agree with. The representative tells him the terms are non-negotiable.
This is known as ________. Answer: Contract of adhesion
• Wind, theft, lightning, fire and flood are all examples of? Answer:
Peril
Questions and Correct Answers |
Graded A+
• For a Customer Representative License, the applicant must show they
are how many years of age? 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?
Answer: Controlled Business
• If a representative's license has gone more than 48 months without an
appointment they must apply again as what? Answer: First Time
Applicant
• A designated customer service representative in Florida can only be
appointed by who or what? 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. Answer:
48 months
• What elected official is a member of the Florida cabinet, and serves as
the Head of the Department of Financial Services? Answer: Chief
Financial Officer
, • Who directly oversees the Division of Insurance Agent and Agency
Services? Answer: Chief Financial Officer
• Insurance company regulation is administered by which office?
Answer: Office of Insurance Regulation
• What office provides oversight to Florida's financial service providers?
Answer: Office of Financial Regulation
• What is the best definition of risk? Answer: The chance of financial
loss
• What is the temporary insurance which can be made through oral or
written agreements? Answer: Binder
• What type of insurance best describes when payments are made on
behalf of the insured to another party? Answer: Liability Insurance
• John is shopping for auto insurance and is offered a policy he doesn't
agree with. The representative tells him the terms are non-negotiable.
This is known as ________. Answer: Contract of adhesion
• Wind, theft, lightning, fire and flood are all examples of? Answer:
Peril
