FLORIDA 2-20 AGENTS LICENSE EXAM REAL EXAM 300
QUESTIONS AND CORRECT DETAILED ANSWERS|AGRADE
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总之，数字时代的社会变迁对
only to write controlled business
人类的生活和发展产生了深远
的影响。信息技术的发展，极
The Department of Financial Services performs the following, EXCEPT: - (answer)
大地促进了社会经济的发展，
Pays insurance claims
推动了社会文化的交流和融合
，为社会治理提供了新的工具
和手段。然而，数字时代的发
Once license, you have how long to obtain an appointment? - (answer) 48
months 展也带来了一些新的问题和挑
战，需要我们在享受数字化便
利的同时，积极应对信息安全
Which of the following is NOT、隐私保护等方面的问题。展
a duty of the Office of Insurance Regulation? -
(answer) Submit rate filings and underwriting rules for approval
望未来，随着信息技术的不断
进步，数字时代的社会变迁将
继续深化，为人类的生活和发
Which one of the following statements is correct? - (answer) Contractors must
展带来更多的机遇和挑战。
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 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.
总之，数字时代的社会变迁对
人类的生活和发展产生了深远
的影响。信息技术的发展，极
Oscar's custom-built vehicle looks like a sausage sandwich on wheels. He plans to
大地促进了社会经济的发展，
drive it to special events at schools around the country where it will serve as a
mobile billboard to promote his 推动了社会文化的交流和融合
product. Oscar is surprised to learn that insurers
are reluctant to insure his vehicle because it fails to meet one of the ideal
，为社会治理提供了新的工具
characteristics of an insurable和手段。然而，数字时代的发
risk. Which characteristic is Oscar's vehicle least
likely to meet? - (answer) Large number of similar exposure units
展也带来了一些新的问题和挑
战，需要我们在享受数字化便
利的同时，积极应对信息安全
Liability coverage to individuals and families for bodily injury and property damage
、隐私保护等方面的问题。展
arising from the insured's personal premises or activities is typically provided by -
望未来，随着信息技术的不断
(answer) Personal liability insurance.
进步，数字时代的社会变迁将
继续深化，为人类的生活和发
Sally is a recent college graduate who lives in the suburbs and drives to work daily
展带来更多的机遇和挑战。
in the city. She recognizes that owning a car creates both property damage and
liability exposures for her and at the same time she has the burden of student
loans. For someone in Sally's circumstances the most practical risk management
technique for dealing with her auto-related loss exposures is - (answer) Risk
transfer.
One of the costs of insurance is said to be opportunity costs. This means that if
capital and labor were not being used in the insurance business, they could be
used elsewhere and making other productive contributions to - (answer)
Society
,Retention is often used in combination with insurance as a way of treating loss
exposures. One of the major downsides of individuals using retention alone is -
(answer) The potential for financial ruin.
The process of restoring an individual or organization to a pre-loss financial
condition is the process of - 总之，数字时代的社会变迁对
(answer) Indemnification
人类的生活和发展产生了深远
的影响。信息技术的发展，极
Sometimes the existence of insurance encourages losses. The result of this
大地促进了社会经济的发展，
phenomenon is that it - (answer) Increases the total cost of insurance
推动了社会文化的交流和融合
，为社会治理提供了新的工具
和手段。然而，数字时代的发
A small business owner concerned about something happening and not being
able to work or earn a living for an extended period of time due to an accident
展也带来了一些新的问题和挑
should purchase - (answer) 战，需要我们在享受数字化便
Disability insurance.
利的同时，积极应对信息安全
、隐私保护等方面的问题。展
Which of the following is/are not a "your covered auto" under a Personal Auto
望未来，随着信息技术的不断
Policy for Liability? - (answer) The 1990 Chevy 22 days after you purchase it as
进步，数字时代的社会变迁将
an additional vehicle for your son who just got his license.
继续深化，为人类的生活和发
展带来更多的机遇和挑战。
Joe has a Personal Auto Policy with one car with liability of 10/20/10, basic PIP,
10/20 UM and no Med Pay. His Florida neighbor has an identical policy on her
care. Joe is driving her car, loses control; and hits a tree. Joe is hurt with $15,000
in medical bills. What is the maximum Joe can collect from UM from all sources
from this accident? - (answer) $0
Keith commutes into the city in his car, and he provides a ride to two co-workers
who live near him. Every other week, the co-workers take turns buying the
gasoline for Keith's car. Does this activity create a public or livery conveyance
situation that would preclude liability coverage under Keith's Personal Auto Policy
, (PAP)? - (answer) No, because Keith is involved in a share-the-expense car
pool.
An insured covers his owned auto with more than one Personal Auto Policy (PAP),
each from a different insurer. In the event of a claim for medical payments
coverage, - (answer) Each insurer pays its pro rata share based on the
proportion that its limit of liability bears to the total of applicable limits.
总之，数字时代的社会变迁对
人类的生活和发展产生了深远
The Insuring Agreement in Part 的影响。信息技术的发展，极
A - Liability Coverage of the Personal Auto Policy
contains descriptions of all of 大地促进了社会经济的发展，
the following EXCEPT: - (answer) Limit of Liability
推动了社会文化的交流和融合
，为社会治理提供了新的工具
Tom and Martha insure their house with an unendorsed HO-3—Special Form (HO-
和手段。然而，数字时代的发
3) with a Coverage A—Dwelling limit of $300,000, which is the replacement cost
展也带来了一些新的问题和挑
of the house. A thief breaks into the house while Tom and Martha are on vacation
and steals the following items:战，需要我们在享受数字化便
•$500 cash•$50,000 stock certificates. Ignoring any
deductible that may apply, how 利的同时，积极应对信息安全
much, if any, will Tom and Martha's insurer pay for
、隐私保护等方面的问题。展
the loss of the items? - (answer) $1,700
望未来，随着信息技术的不断
进步，数字时代的社会变迁将
Under the HO-3—Special Form (HO-3) Section I—Conditions, the Loss Settlement
继续深化，为人类的生活和发
condition - (answer) Establishes the process for determining the amount to be
展带来更多的机遇和挑战。
paid for a property loss.
Property described in Coverages A, B, and C of an HO-3—Special Form (HO-3) that
is destroyed, confiscated, or seized by order of any governmental or public
authority is - (answer) Excluded.
Adam and his insurer disagree on the amount of a loss covered by his
homeowners policy. Adam wants the insurer to pay $10,000 toward the loss. The
insurer's representative feels that the loss should be valued at $5,000. How could
the appraisal process resolve this situation? - (answer) Adam and the insurer
QUESTIONS AND CORRECT DETAILED ANSWERS|AGRADE
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总之，数字时代的社会变迁对
only to write controlled business
人类的生活和发展产生了深远
的影响。信息技术的发展，极
The Department of Financial Services performs the following, EXCEPT: - (answer)
大地促进了社会经济的发展，
Pays insurance claims
推动了社会文化的交流和融合
，为社会治理提供了新的工具
和手段。然而，数字时代的发
Once license, you have how long to obtain an appointment? - (answer) 48
months 展也带来了一些新的问题和挑
战，需要我们在享受数字化便
利的同时，积极应对信息安全
Which of the following is NOT、隐私保护等方面的问题。展
a duty of the Office of Insurance Regulation? -
(answer) Submit rate filings and underwriting rules for approval
望未来，随着信息技术的不断
进步，数字时代的社会变迁将
继续深化，为人类的生活和发
Which one of the following statements is correct? - (answer) Contractors must
展带来更多的机遇和挑战。
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 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.
总之，数字时代的社会变迁对
人类的生活和发展产生了深远
的影响。信息技术的发展，极
Oscar's custom-built vehicle looks like a sausage sandwich on wheels. He plans to
大地促进了社会经济的发展，
drive it to special events at schools around the country where it will serve as a
mobile billboard to promote his 推动了社会文化的交流和融合
product. Oscar is surprised to learn that insurers
are reluctant to insure his vehicle because it fails to meet one of the ideal
，为社会治理提供了新的工具
characteristics of an insurable和手段。然而，数字时代的发
risk. Which characteristic is Oscar's vehicle least
likely to meet? - (answer) Large number of similar exposure units
展也带来了一些新的问题和挑
战，需要我们在享受数字化便
利的同时，积极应对信息安全
Liability coverage to individuals and families for bodily injury and property damage
、隐私保护等方面的问题。展
arising from the insured's personal premises or activities is typically provided by -
望未来，随着信息技术的不断
(answer) Personal liability insurance.
进步，数字时代的社会变迁将
继续深化，为人类的生活和发
Sally is a recent college graduate who lives in the suburbs and drives to work daily
展带来更多的机遇和挑战。
in the city. She recognizes that owning a car creates both property damage and
liability exposures for her and at the same time she has the burden of student
loans. For someone in Sally's circumstances the most practical risk management
technique for dealing with her auto-related loss exposures is - (answer) Risk
transfer.
One of the costs of insurance is said to be opportunity costs. This means that if
capital and labor were not being used in the insurance business, they could be
used elsewhere and making other productive contributions to - (answer)
Society
,Retention is often used in combination with insurance as a way of treating loss
exposures. One of the major downsides of individuals using retention alone is -
(answer) The potential for financial ruin.
The process of restoring an individual or organization to a pre-loss financial
condition is the process of - 总之，数字时代的社会变迁对
(answer) Indemnification
人类的生活和发展产生了深远
的影响。信息技术的发展，极
Sometimes the existence of insurance encourages losses. The result of this
大地促进了社会经济的发展，
phenomenon is that it - (answer) Increases the total cost of insurance
推动了社会文化的交流和融合
，为社会治理提供了新的工具
和手段。然而，数字时代的发
A small business owner concerned about something happening and not being
able to work or earn a living for an extended period of time due to an accident
展也带来了一些新的问题和挑
should purchase - (answer) 战，需要我们在享受数字化便
Disability insurance.
利的同时，积极应对信息安全
、隐私保护等方面的问题。展
Which of the following is/are not a "your covered auto" under a Personal Auto
望未来，随着信息技术的不断
Policy for Liability? - (answer) The 1990 Chevy 22 days after you purchase it as
进步，数字时代的社会变迁将
an additional vehicle for your son who just got his license.
继续深化，为人类的生活和发
展带来更多的机遇和挑战。
Joe has a Personal Auto Policy with one car with liability of 10/20/10, basic PIP,
10/20 UM and no Med Pay. His Florida neighbor has an identical policy on her
care. Joe is driving her car, loses control; and hits a tree. Joe is hurt with $15,000
in medical bills. What is the maximum Joe can collect from UM from all sources
from this accident? - (answer) $0
Keith commutes into the city in his car, and he provides a ride to two co-workers
who live near him. Every other week, the co-workers take turns buying the
gasoline for Keith's car. Does this activity create a public or livery conveyance
situation that would preclude liability coverage under Keith's Personal Auto Policy
, (PAP)? - (answer) No, because Keith is involved in a share-the-expense car
pool.
An insured covers his owned auto with more than one Personal Auto Policy (PAP),
each from a different insurer. In the event of a claim for medical payments
coverage, - (answer) Each insurer pays its pro rata share based on the
proportion that its limit of liability bears to the total of applicable limits.
总之，数字时代的社会变迁对
人类的生活和发展产生了深远
The Insuring Agreement in Part 的影响。信息技术的发展，极
A - Liability Coverage of the Personal Auto Policy
contains descriptions of all of 大地促进了社会经济的发展，
the following EXCEPT: - (answer) Limit of Liability
推动了社会文化的交流和融合
，为社会治理提供了新的工具
Tom and Martha insure their house with an unendorsed HO-3—Special Form (HO-
和手段。然而，数字时代的发
3) with a Coverage A—Dwelling limit of $300,000, which is the replacement cost
展也带来了一些新的问题和挑
of the house. A thief breaks into the house while Tom and Martha are on vacation
and steals the following items:战，需要我们在享受数字化便
•$500 cash•$50,000 stock certificates. Ignoring any
deductible that may apply, how 利的同时，积极应对信息安全
much, if any, will Tom and Martha's insurer pay for
、隐私保护等方面的问题。展
the loss of the items? - (answer) $1,700
望未来，随着信息技术的不断
进步，数字时代的社会变迁将
Under the HO-3—Special Form (HO-3) Section I—Conditions, the Loss Settlement
继续深化，为人类的生活和发
condition - (answer) Establishes the process for determining the amount to be
展带来更多的机遇和挑战。
paid for a property loss.
Property described in Coverages A, B, and C of an HO-3—Special Form (HO-3) that
is destroyed, confiscated, or seized by order of any governmental or public
authority is - (answer) Excluded.
Adam and his insurer disagree on the amount of a loss covered by his
homeowners policy. Adam wants the insurer to pay $10,000 toward the loss. The
insurer's representative feels that the loss should be valued at $5,000. How could
the appraisal process resolve this situation? - (answer) Adam and the insurer
