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FLORIDA 2-20 AGENTS LICENSE EXAM QUESTIONS AND ANSWERS WITH
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Terms in this set (327)
The Florida Surplus oversee the surplus lines industry in the state
Service Lines Office
(FSLSO) was created
to
Which of the following is Seeking the license only to write controlled business
NOT a required
qualification for a
General Lines Agent:
The Department of Pays insurance claims
Financial Services
performs the
following, EXCEPT:
Once license, you have 48 months
how long to obtain an
appointment?
Which of the following is Submit rate filings and underwriting rules for approval
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NOT a duty of the Office
of Insurance
Regulation?
Which one of the Contractors must usually provide evidence of
following statements is liability insurance before a construction
correct? contract is granted.
From a risk management Transfer the cost of losses.
viewpoint, insurance is
used to
Liability coverage for Commercial general liability insurance.
loss exposures arising
from a business
organization's
premises
and operations, its
products, or its
completed work is
typically provided by
Which one of the Insurance helps reduce the financial burden to
following statements is society by compensating accident victims.
correct regarding the
benefits provided by
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insurance?
Insurance is not the only Noninsurance transfer techniques.
risk management
transfer technique.
When circumstances are
appropriate, transfer
can be accomplished
through
Oscar's custom-built Large number of similar exposure units
vehicle looks like a
sausage sandwich on
wheels. He plans to
drive it to special events
at schools around the
country where it will
serve as a mobile
billboard to promote
his product. Oscar is
surprised to learn that
insurers are reluctant to
insure his vehicle
because it fails to meet
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one of the ideal
characteristics of an
insurable risk. Which
characteristic is
Oscar's vehicle least
likely to meet?
Liability coverage to Personal liability insurance.
individuals and families
for bodily injury and
property
damage arising from the
insured's personal
premises or activities
is typically provided
by
Sally is a recent college Risk transfer.
graduate who lives in
the suburbs and drives
to work daily in the
city. She recognizes
that owning a car
creates both property
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