FL SURPLUS LINES INSURANCE CORE ACTUAL EXAM
QUESTIONS WITH ANSWERS GRADED A+ ASSURED SUCCESS
The following is exempt from the surplus lines tax
Motor truck cargo, county or municipality or any of their
agencies, state government or its agencies
Commercial inland marine is not
What information is required on the first page of the evidence
of insurance delivered to the insured
Name, address, and id number of the surplus lines agent as
well as the name and address of the producing agent
Statement declaring the insured does not have protection
under the fl insurance guaranty act
Total premium, tax, and services fee charged
Dont need name and address of the cfo
According to 626.9201 , fs (notice of cancellation or
nonrenewal), an insurer issuing a policy providing coverage
for property, casualty, surety, or marine insurance shall give
the named insured at least... Days advance written notice of
non-renewal
pg. 1
,45
All surplus lines insurance contacts procured through
unauthorized insurers in accordance with the surplus lines
law shall be
Fully valid and enforceable
Insurance coverages on the following subjects exported
pursuant to this section (626.917, f.s.- eligibility for export; wet
marine and transportation, aviation risks) are tax exempt, but
are subject to the service fee and should be included in your
monthly transaction reports as non-taxable
Commercial aircraft, commercial boats, hangar keepers
liability, aviation and ocean marine cargo, airport, and product
liability
Not commercial automobiles, zookeepers liability, commercial
advertising
A managing general agent's primary responsibility is to follow
all of the guidelines of the broad ... Granted by the insurer
Binding authority
pg. 2
, If an unauthorized insurer or person authorized by the insurer
binds a risk as to surplus lines coverage placed under the
surplus lines law, and the premium is paid by the insured to
the originating agent, what is correct?
The premium received by the surplus lines agent, or the
originating agent is deemed t have been received by the
insurer and the insurer is liable to the insured for claims or
unearned premiums
The regulatory framework for surplus lines protects both
consumers and states in which of the following ways?
Permits consumers to access surplus lines insurers w/o
physically leaving their state
Uses specially trained and licensed surplus lines agents to
assist consumers
Establishes a system for levying and collecting taxes
The... Brought conformity to multistate risks and eligibility
requiremtns for non-admitted insurers
Nrra
Which of the following is a purpose of the agent compliance
review program?
Provide educational assistance
pg. 3
QUESTIONS WITH ANSWERS GRADED A+ ASSURED SUCCESS
The following is exempt from the surplus lines tax
Motor truck cargo, county or municipality or any of their
agencies, state government or its agencies
Commercial inland marine is not
What information is required on the first page of the evidence
of insurance delivered to the insured
Name, address, and id number of the surplus lines agent as
well as the name and address of the producing agent
Statement declaring the insured does not have protection
under the fl insurance guaranty act
Total premium, tax, and services fee charged
Dont need name and address of the cfo
According to 626.9201 , fs (notice of cancellation or
nonrenewal), an insurer issuing a policy providing coverage
for property, casualty, surety, or marine insurance shall give
the named insured at least... Days advance written notice of
non-renewal
pg. 1
,45
All surplus lines insurance contacts procured through
unauthorized insurers in accordance with the surplus lines
law shall be
Fully valid and enforceable
Insurance coverages on the following subjects exported
pursuant to this section (626.917, f.s.- eligibility for export; wet
marine and transportation, aviation risks) are tax exempt, but
are subject to the service fee and should be included in your
monthly transaction reports as non-taxable
Commercial aircraft, commercial boats, hangar keepers
liability, aviation and ocean marine cargo, airport, and product
liability
Not commercial automobiles, zookeepers liability, commercial
advertising
A managing general agent's primary responsibility is to follow
all of the guidelines of the broad ... Granted by the insurer
Binding authority
pg. 2
, If an unauthorized insurer or person authorized by the insurer
binds a risk as to surplus lines coverage placed under the
surplus lines law, and the premium is paid by the insured to
the originating agent, what is correct?
The premium received by the surplus lines agent, or the
originating agent is deemed t have been received by the
insurer and the insurer is liable to the insured for claims or
unearned premiums
The regulatory framework for surplus lines protects both
consumers and states in which of the following ways?
Permits consumers to access surplus lines insurers w/o
physically leaving their state
Uses specially trained and licensed surplus lines agents to
assist consumers
Establishes a system for levying and collecting taxes
The... Brought conformity to multistate risks and eligibility
requiremtns for non-admitted insurers
Nrra
Which of the following is a purpose of the agent compliance
review program?
Provide educational assistance
pg. 3
