Floridag2-20gAgentsgLicensegExamgQuestions
Florida 2- g
20 Agents License Exam Questi
g g g g
ons g
1g/g75
, Floridag2-20gAgentsgLicensegExamgQuestions
1. ThegFloridagSurplusgServicegLinesgOfficeg(FSLSO)gwasgcreatedgto:goversee
gthegsurplusglinesgindustrygingthegstate
2. WhichgofgthegfollowinggisgNOTgagrequiredgqualificationgforgagGeneralgLines
g
Agent::gSeekinggtheglicensegonlygtogwritegcontrolledgbusiness
3. ThegDepartmentgofgFinancialgServicesgperformsgthegfollowing,gEXCEPT::g-
Paysginsurancegclaims
4. Onceglicense,gyoughaveghowglonggtogobtaingangappointment?:g48gmonths
5. WhichgofgthegfollowinggisgNOTgagdutygofgthegOfficegofgInsurancegRegulatio
n?-
:gSubmitgrategfilingsgandgunderwritinggrulesgforgapproval
6. Whichgonegofgthegfollowinggstatementsgisgcorrect?:gContractorsgmustgusuall
ygprovidegevidencegofgliabilityginsurancegbeforegagconstructiongcontractgisggrante
d.
2g/g75
, Floridag2-20gAgentsgLicensegExamgQuestions
.g
7. Fromgagriskgmanagementgviewpoint,ginsurancegisgusedgto:gTransfergthegcos
tgofglosses.
8. Liabilitygcoveragegforglossgexposuresgarisinggfromgagbusinessgorganizatio
n'sgpremisesgandgoperations,gitsgproducts,gorgitsgcompletedgworkgisgtypic
allygprovidedgby:gCommercialggeneralgliabilityginsurance.
9. Whichgonegofgthegfollowinggstatementsgisgcorrectgregardinggthegbenefitsgp
rovidedgbyginsurance?:gInsuranceghelpsgreducegthegfinancialgburdengtogsociet
ygbygcompensatinggaccidentgvictims.
10. Insurancegisgnotgthegonlygriskgmanagementgtransfergtechnique.gWhengcirc
umstancesgaregappropriate,gtransfergcangbegaccomplishedgthrough:gNonin
surancegtransfergtechniques.
11. Oscar'sgcustom-
builtgvehicleglooksglikegagsausagegsandwichgongwheels.gHegplansgtogdrivegi
tgtogspecialgeventsgatgschoolsgaroundgthegcountrygwheregitgwillgservegasgag
mobilegbillboardgtogpromoteghisgproduct.gOscargisgsurprisedgtoglearngthatgi
3g/g75
, Floridag2-20gAgentsgLicensegExamgQuestions
nsurersgaregreluctantgtoginsureghisgvehiclegbecausegitgfailsgtogmeetgonegofg
thegidealgcharacteristicsgofganginsurablegrisk.gWhichgcharacteristicgisgOsc
ar'sgvehiclegleastglikelygtogmeet?:gLargegnumbergofgsimilargexposuregunits
12. Liabilitygcoveragegtogindividualsgandgfamiliesgforgbodilyginjurygandgpropert
ygdamagegarisinggfromgtheginsured'sgpersonalgpremisesgorgactivitiesgisgty
picallygprovidedgby:gPersonalgliabilityginsurance.
13. Sallygisgagrecentgcollegeggraduategwhoglivesgingthegsuburbsgandgdrivesgtog
workgdailygingthegcity.gShegrecognizesgthatgowninggagcargcreatesgbothgprop
ertygdamagegandgliabilitygexposuresgforghergandgatgthegsamegtimegsheghasg
thegburdengofgstudentgloans.gForgsomeonegingSally'sgcircumstancesgthegm
ostgpracticalgriskgmanagementgtechniquegforgdealinggwithghergauto-
relatedglossgexposuresgis:gRiskgtransfer.
14. Onegofgthegcostsgofginsurancegisgsaidgtogbegopportunitygcosts.gThisgmeans
thatgifgcapitalgandglaborgweregnotgbeinggusedgingtheginsurancegbusiness,g
g
4g/g75
Florida 2- g
20 Agents License Exam Questi
g g g g
ons g
1g/g75
, Floridag2-20gAgentsgLicensegExamgQuestions
1. ThegFloridagSurplusgServicegLinesgOfficeg(FSLSO)gwasgcreatedgto:goversee
gthegsurplusglinesgindustrygingthegstate
2. WhichgofgthegfollowinggisgNOTgagrequiredgqualificationgforgagGeneralgLines
g
Agent::gSeekinggtheglicensegonlygtogwritegcontrolledgbusiness
3. ThegDepartmentgofgFinancialgServicesgperformsgthegfollowing,gEXCEPT::g-
Paysginsurancegclaims
4. Onceglicense,gyoughaveghowglonggtogobtaingangappointment?:g48gmonths
5. WhichgofgthegfollowinggisgNOTgagdutygofgthegOfficegofgInsurancegRegulatio
n?-
:gSubmitgrategfilingsgandgunderwritinggrulesgforgapproval
6. Whichgonegofgthegfollowinggstatementsgisgcorrect?:gContractorsgmustgusuall
ygprovidegevidencegofgliabilityginsurancegbeforegagconstructiongcontractgisggrante
d.
2g/g75
, Floridag2-20gAgentsgLicensegExamgQuestions
.g
7. Fromgagriskgmanagementgviewpoint,ginsurancegisgusedgto:gTransfergthegcos
tgofglosses.
8. Liabilitygcoveragegforglossgexposuresgarisinggfromgagbusinessgorganizatio
n'sgpremisesgandgoperations,gitsgproducts,gorgitsgcompletedgworkgisgtypic
allygprovidedgby:gCommercialggeneralgliabilityginsurance.
9. Whichgonegofgthegfollowinggstatementsgisgcorrectgregardinggthegbenefitsgp
rovidedgbyginsurance?:gInsuranceghelpsgreducegthegfinancialgburdengtogsociet
ygbygcompensatinggaccidentgvictims.
10. Insurancegisgnotgthegonlygriskgmanagementgtransfergtechnique.gWhengcirc
umstancesgaregappropriate,gtransfergcangbegaccomplishedgthrough:gNonin
surancegtransfergtechniques.
11. Oscar'sgcustom-
builtgvehicleglooksglikegagsausagegsandwichgongwheels.gHegplansgtogdrivegi
tgtogspecialgeventsgatgschoolsgaroundgthegcountrygwheregitgwillgservegasgag
mobilegbillboardgtogpromoteghisgproduct.gOscargisgsurprisedgtoglearngthatgi
3g/g75
, Floridag2-20gAgentsgLicensegExamgQuestions
nsurersgaregreluctantgtoginsureghisgvehiclegbecausegitgfailsgtogmeetgonegofg
thegidealgcharacteristicsgofganginsurablegrisk.gWhichgcharacteristicgisgOsc
ar'sgvehiclegleastglikelygtogmeet?:gLargegnumbergofgsimilargexposuregunits
12. Liabilitygcoveragegtogindividualsgandgfamiliesgforgbodilyginjurygandgpropert
ygdamagegarisinggfromgtheginsured'sgpersonalgpremisesgorgactivitiesgisgty
picallygprovidedgby:gPersonalgliabilityginsurance.
13. Sallygisgagrecentgcollegeggraduategwhoglivesgingthegsuburbsgandgdrivesgtog
workgdailygingthegcity.gShegrecognizesgthatgowninggagcargcreatesgbothgprop
ertygdamagegandgliabilitygexposuresgforghergandgatgthegsamegtimegsheghasg
thegburdengofgstudentgloans.gForgsomeonegingSally'sgcircumstancesgthegm
ostgpracticalgriskgmanagementgtechniquegforgdealinggwithghergauto-
relatedglossgexposuresgis:gRiskgtransfer.
14. Onegofgthegcostsgofginsurancegisgsaidgtogbegopportunitygcosts.gThisgmeans
thatgifgcapitalgandglaborgweregnotgbeinggusedgingtheginsurancegbusiness,g
g
4g/g75
