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Florida 2-20 Agents License Final Exam
2026/2027 Actual Exam | Newest Questions &
100% Correct Answers with Detailed Rationales |
Pass Guaranteed - A+ Graded
Section 1: Florida Insurance Regulations and Laws
Q1: According to Florida law, how many hours of prelicensing education are required before
taking the Florida 2-20 Agents License examination?
A. 20 hours
B. 40 hours
C. 60 hours
D. 200 hours [CORRECT]
Correct Answer: D
Rationale: Florida Statute 626.221 requires individuals seeking a 2-20 Property and Casualty
agent license to complete a minimum of 200 hours of approved prelicensing education.
Q2: A licensed Florida 2-20 agent must complete how many hours of Continuing Education (CE)
every two years?
A. 10 hours
B. 24 hours [CORRECT]
C. 40 hours
D. 60 hours
Correct Answer: B
Rationale: Florida requires licensed agents to complete 24 hours of Continuing Education every
biennial compliance period, which must include a minimum of 3 hours of ethics.
,2
Q3: Which of the following acts is considered an "Unfair Trade Practice" specifically defined as
"Twisting"?
A. Offering a discount on premiums that is not authorized
B. Making a misleading statement to induce a policyholder to replace an existing policy
[CORRECT]
C. Paying a referral fee to an unlicensed person
D. Failing to acknowledge a claim within 14 days
Correct Answer: B
Rationale: Twisting is a form of misrepresentation where an agent induces a policyholder to
lapse, surrender, or replace a policy through misleading information.
Q4: In Florida, a "Temporary License" may be issued for a period of up to:
A. 90 days
B. 6 months [CORRECT]
C. 1 year
D. 18 months
Correct Answer: B
Rationale: Florida law permits the issuance of a temporary license for up to 6 months in specific
circumstances, such as the death or disability of the primary agent.
Q5: The Florida Insurance Guaranty Association (FIGA) provides protection to policyholders
when:
A. An agent commits fraud
B. An authorized insurer becomes insolvent [CORRECT]
C. A claim is denied by the insurer
D. The policyholder fails to pay the deductible
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Correct Answer: B
Rationale: FIGA is a statutory entity created to protect policyholders and claimants in the event
an admitted insurance company becomes insolvent.
Q6: Which of the following statements regarding the "Free Look" provision in a Medicare
Supplement policy in Florida is correct?
A. It is 10 days
B. It is 14 days
C. It is 30 days [CORRECT]
D. There is no Free Look for Medicare Supplement
Correct Answer: C
Rationale: Florida law requires a 30-day Free Look period for Medicare Supplement policies,
allowing the applicant to return the policy for a full refund.
Q7: An agent who acts in a fiduciary capacity must handle funds belonging to insurers and
insureds:
A. As their own personal funds
B. In a trust account, separate from personal funds [CORRECT]
C. By forwarding them immediately to the insurer
D. By depositing them in the agency's operating account
Correct Answer: B
Rationale: Agents act in a fiduciary capacity and must hold premiums and return premiums in a
trust account (fiduciary account) separate from personal or business operating funds.
Q8: Florida law requires that an agent's license be renewed:
A. Annually by December 31st
B. Biennially by the end of the agent's birth month [CORRECT]
, 4
C. Every four years
D. Every five years
Correct Answer: B
Rationale: Licenses in Florida are renewed biennially (every two years). The expiration date is
the last day of the licensee's birth month.
Q9: Which entity is responsible for the administration and enforcement of the Florida Insurance
Code?
A. The Florida Legislature
B. The Office of Insurance Regulation (OIR) [CORRECT]
C. The Department of Revenue
D. The Governor's Office
Correct Answer: B
Rationale: The Office of Insurance Regulation (OIR) has primary authority to regulate the
business of insurance in Florida, including insurer solvency and market conduct.
Q10: What is the maximum penalty for a willful violation of a cease and desist order in Florida?
A. $5,000
B. $10,000
C. $25,000
D. $50,000 [CORRECT]
Correct Answer: D
Rationale: Under Florida Statute 626.9521, a willful violation of a cease and desist order can
result in a fine of up to $50,000.
Florida 2-20 Agents License Final Exam
2026/2027 Actual Exam | Newest Questions &
100% Correct Answers with Detailed Rationales |
Pass Guaranteed - A+ Graded
Section 1: Florida Insurance Regulations and Laws
Q1: According to Florida law, how many hours of prelicensing education are required before
taking the Florida 2-20 Agents License examination?
A. 20 hours
B. 40 hours
C. 60 hours
D. 200 hours [CORRECT]
Correct Answer: D
Rationale: Florida Statute 626.221 requires individuals seeking a 2-20 Property and Casualty
agent license to complete a minimum of 200 hours of approved prelicensing education.
Q2: A licensed Florida 2-20 agent must complete how many hours of Continuing Education (CE)
every two years?
A. 10 hours
B. 24 hours [CORRECT]
C. 40 hours
D. 60 hours
Correct Answer: B
Rationale: Florida requires licensed agents to complete 24 hours of Continuing Education every
biennial compliance period, which must include a minimum of 3 hours of ethics.
,2
Q3: Which of the following acts is considered an "Unfair Trade Practice" specifically defined as
"Twisting"?
A. Offering a discount on premiums that is not authorized
B. Making a misleading statement to induce a policyholder to replace an existing policy
[CORRECT]
C. Paying a referral fee to an unlicensed person
D. Failing to acknowledge a claim within 14 days
Correct Answer: B
Rationale: Twisting is a form of misrepresentation where an agent induces a policyholder to
lapse, surrender, or replace a policy through misleading information.
Q4: In Florida, a "Temporary License" may be issued for a period of up to:
A. 90 days
B. 6 months [CORRECT]
C. 1 year
D. 18 months
Correct Answer: B
Rationale: Florida law permits the issuance of a temporary license for up to 6 months in specific
circumstances, such as the death or disability of the primary agent.
Q5: The Florida Insurance Guaranty Association (FIGA) provides protection to policyholders
when:
A. An agent commits fraud
B. An authorized insurer becomes insolvent [CORRECT]
C. A claim is denied by the insurer
D. The policyholder fails to pay the deductible
,3
Correct Answer: B
Rationale: FIGA is a statutory entity created to protect policyholders and claimants in the event
an admitted insurance company becomes insolvent.
Q6: Which of the following statements regarding the "Free Look" provision in a Medicare
Supplement policy in Florida is correct?
A. It is 10 days
B. It is 14 days
C. It is 30 days [CORRECT]
D. There is no Free Look for Medicare Supplement
Correct Answer: C
Rationale: Florida law requires a 30-day Free Look period for Medicare Supplement policies,
allowing the applicant to return the policy for a full refund.
Q7: An agent who acts in a fiduciary capacity must handle funds belonging to insurers and
insureds:
A. As their own personal funds
B. In a trust account, separate from personal funds [CORRECT]
C. By forwarding them immediately to the insurer
D. By depositing them in the agency's operating account
Correct Answer: B
Rationale: Agents act in a fiduciary capacity and must hold premiums and return premiums in a
trust account (fiduciary account) separate from personal or business operating funds.
Q8: Florida law requires that an agent's license be renewed:
A. Annually by December 31st
B. Biennially by the end of the agent's birth month [CORRECT]
, 4
C. Every four years
D. Every five years
Correct Answer: B
Rationale: Licenses in Florida are renewed biennially (every two years). The expiration date is
the last day of the licensee's birth month.
Q9: Which entity is responsible for the administration and enforcement of the Florida Insurance
Code?
A. The Florida Legislature
B. The Office of Insurance Regulation (OIR) [CORRECT]
C. The Department of Revenue
D. The Governor's Office
Correct Answer: B
Rationale: The Office of Insurance Regulation (OIR) has primary authority to regulate the
business of insurance in Florida, including insurer solvency and market conduct.
Q10: What is the maximum penalty for a willful violation of a cease and desist order in Florida?
A. $5,000
B. $10,000
C. $25,000
D. $50,000 [CORRECT]
Correct Answer: D
Rationale: Under Florida Statute 626.9521, a willful violation of a cease and desist order can
result in a fine of up to $50,000.
