age 1 of 93
FLORIDA 2-20 AGENTS LICENSE FINAL EXAM STUDY
GUIDE 2025/2026 COMPLETE QUESTIONS AND
CORRECT DETAILED ANSWERS WITH RATIONALES ||
100% GUARANTEED PASS <RECENT VERSION>
Aggregate limit is: ......ANSWER........Equal to twice the Liability
and Medical Expenses limit
All of the following are not true regarding property coverages
under the Businessowners policy EXCEPT: ......ANSWER........ACV
on personal property
What are Permanent Impairment benefits based on?
......ANSWER........A medical impairment rating schedule
approved by the Division of Workers' Compensation
,age 2 of 93
What are Temporary Partial benefits based on?
......ANSWER........Wage loss formula up to 104 weeks of
impaired earnings
The Florida Surplus Service Lines Office (FSLSO) was created to
......ANSWER........oversee the surplus lines industry in the state
Which of the following is NOT a required qualification for a
General Lines Agent: ......ANSWER........Seeking the license only
to write controlled business
The Department of Financial Services performs the following,
EXCEPT: ......ANSWER........Pays insurance claims
Once license, you have how long to obtain an appointment?
......ANSWER........48 months
,age 3 of 93
Which of the following is NOT a duty of the Office of Insurance
Regulation? ......ANSWER........Submit rate filings and
underwriting rules for approval
Which one of the following statements is correct?
......ANSWER........Contractors must usually provide evidence of
liability insurance before a construction contract is granted.
From a risk management viewpoint, insurance is used to
......ANSWER........Transfer the cost of losses.
Liability coverage for loss exposures arising from a business
organization's premises and operations, its products, or its
completed work is typically provided by
......ANSWER........Commercial general liability insurance.
Which one of the following statements is correct regarding the
benefits provided by insurance? ......ANSWER........Insurance helps
, age 4 of 93
reduce the financial burden to society by compensating accident
victims.
Insurance is not the only risk management transfer technique.
When circumstances are appropriate, transfer can be
accomplished through ......ANSWER........Noninsurance transfer
techniques.
Oscar's custom-built 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 one of the ideal
characteristics of an insurable risk. Which characteristic is Oscar's
vehicle least likely to meet? ......ANSWER........Large number of
similar exposure units
FLORIDA 2-20 AGENTS LICENSE FINAL EXAM STUDY
GUIDE 2025/2026 COMPLETE QUESTIONS AND
CORRECT DETAILED ANSWERS WITH RATIONALES ||
100% GUARANTEED PASS <RECENT VERSION>
Aggregate limit is: ......ANSWER........Equal to twice the Liability
and Medical Expenses limit
All of the following are not true regarding property coverages
under the Businessowners policy EXCEPT: ......ANSWER........ACV
on personal property
What are Permanent Impairment benefits based on?
......ANSWER........A medical impairment rating schedule
approved by the Division of Workers' Compensation
,age 2 of 93
What are Temporary Partial benefits based on?
......ANSWER........Wage loss formula up to 104 weeks of
impaired earnings
The Florida Surplus Service Lines Office (FSLSO) was created to
......ANSWER........oversee the surplus lines industry in the state
Which of the following is NOT a required qualification for a
General Lines Agent: ......ANSWER........Seeking the license only
to write controlled business
The Department of Financial Services performs the following,
EXCEPT: ......ANSWER........Pays insurance claims
Once license, you have how long to obtain an appointment?
......ANSWER........48 months
,age 3 of 93
Which of the following is NOT a duty of the Office of Insurance
Regulation? ......ANSWER........Submit rate filings and
underwriting rules for approval
Which one of the following statements is correct?
......ANSWER........Contractors must usually provide evidence of
liability insurance before a construction contract is granted.
From a risk management viewpoint, insurance is used to
......ANSWER........Transfer the cost of losses.
Liability coverage for loss exposures arising from a business
organization's premises and operations, its products, or its
completed work is typically provided by
......ANSWER........Commercial general liability insurance.
Which one of the following statements is correct regarding the
benefits provided by insurance? ......ANSWER........Insurance helps
, age 4 of 93
reduce the financial burden to society by compensating accident
victims.
Insurance is not the only risk management transfer technique.
When circumstances are appropriate, transfer can be
accomplished through ......ANSWER........Noninsurance transfer
techniques.
Oscar's custom-built 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 one of the ideal
characteristics of an insurable risk. Which characteristic is Oscar's
vehicle least likely to meet? ......ANSWER........Large number of
similar exposure units
