Florida 2 20 Agents License Study guides, Class notes & Summaries

The Florida Surplus Service Lines Office (FSLSO) was created to - Correct Answeroversee the surplus lines industry in the state Which of the following is NOT a required qualification for a General Lines Agent: - Correct Answer- Seeking the license only to write controlled business The Department of Financial Services performs the following, EXCEPT: - Correct Answer- Pays insurance claims Once license, you have how long to obtain an appointment? - Correct Answer- 48 months Which of the fol...

Duties of the Officer of Insurance Regulation: - ANSWER- Approve policy forms Approve policy rules Approve qualifications of insurance companies An alternate method of insuring where a single amount is applied to two or more coverage items and the full amount is available to apply to any item is called: - ANSWER- Blanket When the insurer agrees to pay on behalf of the insured all the sums the insured is legally obligated to pay is called: - ANSWER- Third party claim The failure to exerci...

Admitted Aircraft Liability Coverage - ANSWER- A coverage sometimes written in conjunction with Aircraft Passenger Liability which can provide reimbursement for death or dismemberment without requiring legal action. Appraisal Clause - ANSWER- Clause which provides an appraisal procedure when the insured and the insurer are in disagreement regarding the amount of a loss. Insured and insurer each choose an appraiser, who, failing to agree, select an umpire. Agreement of any two of the three ...

Types Of Property Policies - % Property Insurance Terms And Related Concepts - % Property Policy Provisions And Contract Law - % Types Of Casualty Policies, Bonds, And Related Terms - % Casualty Insurance Terms And Related Concepts - % Casualty Policy Provisions - % Florida Statutes, Rules, And Regulations Common To All Lines - % Florida Statutes, Rules And Regulations Pertinent To General Lines Insurance - % Florida Statutes, Rules And Regulations Pertinent To Health Insurance - % - ANS...

True or False? An applicant for the 2-20 General Lines Agent License can seek the license for the purpose of writing "controlled business". - ANSWER- False An applicant must not be seeking to obtain the 2-20 General Lines Agent License for the purpose of writing "controlled business"; this is specifically excluded. An applicant for the 2-20 General Lines Agent License must show that the application is at least ____ years of age. - ANSWER- 18 An applicant for the 2-20 General Lines Agen...

An insured is sued under a CGL policy. The legal costs are $25,000, prejudgment interest is $9,000 and the judgment against the insured is $300,000. The insured has a $300,0000 CGL occurrence limit on the policy. How much will the insurer pay? ANS- $334,000 What is the order for claim payments if all of the following applied: Medical Payment, Workers' Compensation, Personal Injury Protection? ANS- WC, PIP, MP All of the following are penalties under the Florida No-Fault Law: ANS- Drivers L...

Florida 2-20 Agents License Exam: Questions & Answers

Florida 2-20 Agents License Exam Questions The Florida Surplus Service Lines Office (FSLSO) was created to oversee the surplus lines industry in the state

Florida 2-20 Agents License Exam 2023- 2024 Questions and 100% Correct Answers Rated A+

Florida 2-20 Agents License Exam 2023- 2024 Questions and 100% Correct Answers Rated A+