-20 AGENTS LICENSE EXAM

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-20 AGENTS LICENSE EXAM

WITH 400 ACTUAL EXAM QUESTIONS AND

CORRECT ANSWERS (100% CORRECT

ANSWERS) FL 2-20 AGENTS CERTIFICATION

EXAM / (NEWEST!!)

Florida Statutes establish standards, which must be met by Medicare Supplement insurance. Which of the following is not a standard?

Select one:

• The policy may not limit coverage for more than 6 months because of a pre-

existing health condition

• Policies must be written in understandable language
• The policy is returnable within one year for full premium refund
• The policy must be accompanied by an outline of coverage and a Medicare

Supplement Buyer's Guide - ANSWER-C. The policy is returnable within one year for full premium refund

A Customers Representative's authority does not include:

Select one:

• Conducting sales work outside of the agent's office
• Taking insurance applications, giving quotes, interpreting policies, and giving

insurance advice

• Binding new and additional coverages
• Performing preliminary work to assist in processing claims - ANSWER-A.

Conducting sales work outside of the agent's office

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pg. 2 Joe, who owns an automobile, wants to borrow his neighbor's van to go on vacation. Both Joe and his neighbor have Personal Auto policies providing Bodily Injury, Property Damage, Personal Injury Protection, Uninsured Motorist, and Physical Damage coverage. The neighbor fears Joe may have a claim, which involves Bodily Injury and/or Property damage. Which of the following can Joe purchase to satisfy his neighbor, if any?

Select one:

• Extended Nonowned coverage
• No additional coverage is necessary to protect the neighbor
• Extended Personal Injury Protection
• Increase Uninsured Motorist coverage - ANSWER-B. No additional coverage is

necessary to protect the neighbor

Under a Commercial Property Policy, the Legal Liability coverage does not provide coverage for the insured against damage to which type of property?

Select one:

• In the care, custody, and control of the insured
• Owned by the insured
• Leased equipment - ANSWER-B. Owned by the insured

Mr. Smith lives in New Jersey but visits Florida each year. When does he come under the Florida No-Fault system, in any 365-day period?

Select one:

• After 60 days in Florida
• After 30 days in Florida
• After 14 days in Florida
• After 90 days in Florida - ANSWER-D. After 90 days in Florida
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pg. 3 Who may appoint a Customer Representative?

Select one:

• A surplus lines agent holding a general lines license and a surplus lines license
• A general lines agent or a general lines insurance agency
• An adjuster
• An insurance company - ANSWER-B. A general lines agent or a general lines

insurance agency

A Hospital Indemnity Policy covers which of the following expenses?

Select one:

• A flat amount per day for hospital room and board
• Nursing care in the insured's home
• Medical supplies
• Surgical fees incurred in the hospital - ANSWER-A. A flat amount per day for

hospital room and board

Under the Garagekeepers coverage, Section III of the Garage policy, the insured suffers a single vandalism loss to nine (9) vehicles belonging to customers.Damage is $100 per vehicle. How much will the policy pay?

Select one:

A. $500

B. $900

• Nothing

D. $400 - ANSWER-D. $400

Bob, an accountant of XYZ, drives his own car to the bank to make a deposit for XYZ. Bob has an at-fault accident. If XYZ carries $1,000,000 Bodily 3 / 4

pg. 4 Injury/Property Damage coverage with a Symbol 2 for covered autos, and Bob carries no insurance, how much coverage is applicable for XYZ?

Select one:

• No coverage
• $10,000/$20,000 Bodily Injury and $10,000 Property Damage

C. $1,000,000

• $500,000 - ANSWER-A. No coverage

Unless properly licensed an general lines agent cannot

Select one:

• All of these answers are correct
• Receive any money on account for any insurer or receive money to be

transmitted to an insurer for a policy, renewal, endorsement or certificate

• Solicit insurance or procure applications for insurance
• Directly or indirectly represent himself or herself to be an agent or receive,

deliver or forward any insurance policy within the state - ANSWER-A. All of these answers are correct

At the time of a loss, it is found that the covered building had been vacant for the period of 75 consecutive days immediately preceding the loss. Which of the following perils would not be covered?

Select one:

• All of these answers are correct
• Windstorm
• Fire
• Vandalism - ANSWER-D. Vandalism
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