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FLORIDA GENERAL LINES AGENT EXAM QUESTIONS
AND CORRECT VERIFIED ANS WERS LATEST UPDATE
JUST RELEASED THIS YEAR
Question: The following are related to the Federal Fair Credit Reporting Act (FCRA) except?
a.The consumer is required to be provided with information related to the consumer reporting
agency when there is an adverse decision
b.All are related to the FCRA
c.The act requires consumers to be aware of the purpose for a consumer report by providing
written consent to securing a credit report
d.The primary purpose of the act is to set guidelines for consumer reporting agencies regarding
sharing of consumers non-public information - CORRECT ANSWER✔✔b
Question: The following are information required to be excluded from consumer reports
provided by consumer reporting agencies under the Fair Credit Reporting Act except?
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a.Arrest records over 7 years or expiration of statutes of limitations
b.Report on bankruptcy adjudicated over 10 years and civil judgements over 7 years
c.Paid tax liens or other adverse information antedating the report more than 7 years
d.Information regarding Title Eleven of the US code - CORRECT ANSWER✔✔
Question: The following are related to the Gramm-Leach-Bliley Act (GLBA) also known as the
Financial Services Modernization Act (FSMA) except?
a.It prohibits Banks and other financial institutions from cross marketing or involvement in
financial products not related to the particular financial institution
b.The act specifies that the privacy notice must contain a customer right of refusal to share their
financial information with non-affiliates and contain the information collected, the use of the
information and where and how the information is shared
c.The act mandated financial institutions to implement policies and procedures to protect the
integrity, confidentiality and privacy regarding the sharing of consumers non-public personal
information
d.The act requires that each consumer be provided with a written privacy notice at the time the
of the relationship and thereafter on an annual basis - CORRECT ANSWER✔✔a
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Question: The following are related to the Terrorism Risk Insurance Act (TRIA) enacted in 2002
after the terrorist attack on the World Trade Center on 09/11/2001 except?
a.Under the act the Federal government would provide assistance to insurers which would
share in losses due to acts of terrorism and provide that insurers should omit any exclusions
applicable to commercial property policies
b.The act requires property and casualty insurers to offer applicants terrorism coverage for a
period of 2 years and the definition of terrorism must be certified by the Secretary of State and
the Attorney General
c.All are related to the TRIA
d.The purpose of the act was to allow commercial property insurers to provide terrorism
coverage for insureds whom may be subject to acts of terrorism - CORRECT ANSWER✔✔c
Question: The following events (triggers) would require a person to comply with Florida
financial responsibility law after an auto accident except?
a.An accident that result in damage to the auto that render it inoperable
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b.All would apply
c.After conviction of a serious traffic violation such as driving under the influence
d.An accident that result in bodily injury - CORRECT ANSWER✔✔b
Question: What is the minimum liability limits under Florida financial responsibility law? -
CORRECT ANSWER✔✔10/20/10 split limits or $30,000 single limit of liability
Question: What is the required liability limit under Florida financial responsibility law for a
person being found guilty of driving under the influence for a period of 3 years? - CORRECT
ANSWER✔✔100/300/50 or $350,000 single limit
Question: A Florida resident with 10/20/10 liability limits got in an accident in a state that
requires 25/50/10 liability limits under that state financial responsibility law. What limit would
apply to the accident in the other state? - CORRECT ANSWER✔✔25/50/10, the other state
required limit would apply
Question: The following are penalties for non-compliance under Florida financial responsibility
law except?
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FLORIDA GENERAL LINES AGENT EXAM QUESTIONS
AND CORRECT VERIFIED ANS WERS LATEST UPDATE
JUST RELEASED THIS YEAR
Question: The following are related to the Federal Fair Credit Reporting Act (FCRA) except?
a.The consumer is required to be provided with information related to the consumer reporting
agency when there is an adverse decision
b.All are related to the FCRA
c.The act requires consumers to be aware of the purpose for a consumer report by providing
written consent to securing a credit report
d.The primary purpose of the act is to set guidelines for consumer reporting agencies regarding
sharing of consumers non-public information - CORRECT ANSWER✔✔b
Question: The following are information required to be excluded from consumer reports
provided by consumer reporting agencies under the Fair Credit Reporting Act except?
1
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a.Arrest records over 7 years or expiration of statutes of limitations
b.Report on bankruptcy adjudicated over 10 years and civil judgements over 7 years
c.Paid tax liens or other adverse information antedating the report more than 7 years
d.Information regarding Title Eleven of the US code - CORRECT ANSWER✔✔
Question: The following are related to the Gramm-Leach-Bliley Act (GLBA) also known as the
Financial Services Modernization Act (FSMA) except?
a.It prohibits Banks and other financial institutions from cross marketing or involvement in
financial products not related to the particular financial institution
b.The act specifies that the privacy notice must contain a customer right of refusal to share their
financial information with non-affiliates and contain the information collected, the use of the
information and where and how the information is shared
c.The act mandated financial institutions to implement policies and procedures to protect the
integrity, confidentiality and privacy regarding the sharing of consumers non-public personal
information
d.The act requires that each consumer be provided with a written privacy notice at the time the
of the relationship and thereafter on an annual basis - CORRECT ANSWER✔✔a
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Question: The following are related to the Terrorism Risk Insurance Act (TRIA) enacted in 2002
after the terrorist attack on the World Trade Center on 09/11/2001 except?
a.Under the act the Federal government would provide assistance to insurers which would
share in losses due to acts of terrorism and provide that insurers should omit any exclusions
applicable to commercial property policies
b.The act requires property and casualty insurers to offer applicants terrorism coverage for a
period of 2 years and the definition of terrorism must be certified by the Secretary of State and
the Attorney General
c.All are related to the TRIA
d.The purpose of the act was to allow commercial property insurers to provide terrorism
coverage for insureds whom may be subject to acts of terrorism - CORRECT ANSWER✔✔c
Question: The following events (triggers) would require a person to comply with Florida
financial responsibility law after an auto accident except?
a.An accident that result in damage to the auto that render it inoperable
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b.All would apply
c.After conviction of a serious traffic violation such as driving under the influence
d.An accident that result in bodily injury - CORRECT ANSWER✔✔b
Question: What is the minimum liability limits under Florida financial responsibility law? -
CORRECT ANSWER✔✔10/20/10 split limits or $30,000 single limit of liability
Question: What is the required liability limit under Florida financial responsibility law for a
person being found guilty of driving under the influence for a period of 3 years? - CORRECT
ANSWER✔✔100/300/50 or $350,000 single limit
Question: A Florida resident with 10/20/10 liability limits got in an accident in a state that
requires 25/50/10 liability limits under that state financial responsibility law. What limit would
apply to the accident in the other state? - CORRECT ANSWER✔✔25/50/10, the other state
required limit would apply
Question: The following are penalties for non-compliance under Florida financial responsibility
law except?
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