2-20 FL LICENSE EXAM REAL EXAM
COMPLETE QUESTIONS AND CORRECT
DETAILED ANSWERS ()|A+
GRADE
Speculative Risk - CORRECT ANSWER-Type of risk that provides a possibility for a loss or gain
Law of Large Numbers - CORRECT ANSWER-Insurance concept that allows insurers to accurately
measure and predict losses by using data
Perils - CORRECT ANSWER-Fire, lightning, windstorm and hail are all examples of ...
Endorsement - CORRECT ANSWER-Modify or change to a policy that adds or removes parts of
the policy
Appraisal - CORRECT ANSWER-Non binding claims settlement clause that helps to resolve
disputes over the value of property
24 hours - CORRECT ANSWER-How many hours of CE must an agent complete every two years,
if licensed under 6 years
5 hours - CORRECT ANSWER-How many hours of CE must agent complete statutory updates
related to their license every two years
Coercion - CORRECT ANSWER-Selling to an applicant by using force or threats
Certificate of authority - CORRECT ANSWER-Insurer that is authorized to do business in the
state
COMPLETE QUESTIONS AND CORRECT
DETAILED ANSWERS ()|A+
GRADE
Speculative Risk - CORRECT ANSWER-Type of risk that provides a possibility for a loss or gain
Law of Large Numbers - CORRECT ANSWER-Insurance concept that allows insurers to accurately
measure and predict losses by using data
Perils - CORRECT ANSWER-Fire, lightning, windstorm and hail are all examples of ...
Endorsement - CORRECT ANSWER-Modify or change to a policy that adds or removes parts of
the policy
Appraisal - CORRECT ANSWER-Non binding claims settlement clause that helps to resolve
disputes over the value of property
24 hours - CORRECT ANSWER-How many hours of CE must an agent complete every two years,
if licensed under 6 years
5 hours - CORRECT ANSWER-How many hours of CE must agent complete statutory updates
related to their license every two years
Coercion - CORRECT ANSWER-Selling to an applicant by using force or threats
Certificate of authority - CORRECT ANSWER-Insurer that is authorized to do business in the
state
