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UPDATED QUESTIONS FOR THE FLORIDA 2-20 AGENTS LICENSE EXAM WITH COMPLETE SOLUTIONS
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UPDATED QUESTIONS FOR THE FLORIDA 2-20 AGENTS LICENSE EXAM WITH COMPLETE SOLUTIONS
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UPDATED dQUESTIONS dFOR dTHE dFLORIDA d2-20d AGENTS dLICENSE dEXAM dTHAT dINCLUDE dFULL
d SOLUTIONS
actual dauthority d d d d d d d d dANSWER: d✔- danything dthe dprincipal dgives
d the dagent dpermission dto ddo
aleatory dcontract d d d d d d d d dANSWER: d✔- dagreement dwherein dunequal
d amounts dare dtransferred
conformity dto dstatute d d d d d d d d dANSWER: d✔- da dclause din dthe dpolicy
d declaring dthat dwhen dthe dpolicy dand dthe dlaw dare dat dodds,
d the dpolicy dwill dtake dthe dposition dof dthe dstate's dlegislation.
contract dof dadhesion d d d d d d d d dANSWER: d✔- dagreement dprepared dby
d one dparty dand dpresented dto dthe dother dwith da d"take dit dor
d leave dit" dclause
,direct dwriter dagent d d d d d d d d dANSWER: d✔- dan dagent dwho dworks dfor
d an dinsurer drather dthan dacting dindependently dand dunder
d contract dwith done
duty dof daccounting d d d d d d d d dANSWER: d✔- dAny dfunds dthat dthe
d principle dentrusts dto dthe dagent dmust dbe dreported.
duty dof dloyalty d d d d d d d d dANSWER: d✔- dowed dby dthe dprincipal dto dthe
d agent, dwho dis dnot dallowed dto dtake dany daction dthat dcould
d hurt dthe dprincipal
duty dof dobedience d d d d d d d d dANSWER: d✔- dThe dagent dis drequired dto
d follow dthe dprincipal's dlegal ddirections.
duty dof dreasonable dcare d d d d d d d d dANSWER: d✔- dThe dagent dis drequired
d to duse dthe dsame dlevel dof dcaution das da dreasonable dand
d sensible dindividual.
duty dto dgive dinformation d d d d d d d d dANSWER: d✔- dAny delement daffecting
d the dprinciple-agent drelationship dmust dbe dreported dto dthe
d principal dby dthe dagent.
,exclusive dagent d d d d d d d d dANSWER: d✔- dan dagent dthat dhas da dcontract dwith
donly done dinsurer. dmay dor dmay dnot dbe dan demployee dof dthe dinsurance
dcompany dhe drepresents.
FAIR dplan d d d d d d d d dANSWER: d✔- da dgovernment dprogram dthat doffers
dproperty dand dcrime dinsurance din dthe dinner dcities
fraternal dinsurers d d d d d d d d dANSWER: d✔- doffer dcoverage donly dto dmembers dof
da dparticular dgroup
hazard d d d d d d d d dANSWER: d✔- dincreases dthe dchance dof dloss dfrom da dperil
indemnify d d d d d d d d dANSWER: d✔- dto dmake dwhole dagain dfinancially
independent dadjuster d d d d d d d d dANSWER: d✔- dan dadjuster dwho dworks dfor
dseveral dcompanies don da dcontract dbasis
independent dagent d d d d d d d d dANSWER: d✔- dan dagent dthat dhas dcontracts dwith
dseveral dinsurers. d"Owns dthe dexpirations"
, Inland dMarine d d d d d d d d dANSWER: d✔- dtraditionally dprovides dprotection dfor
dproperty din dtransit dover dland, dand dtoday, dto dcollections, dpersonal
dproperty, dand dother dcoverage dfor dmovable dproperty
insurable dinterest d d d d d d d d dANSWER: d✔- dthe dpotential dfor dfinancial dloss
dassociated dwith ddamage dor ddestruction dof dproperty
insurance dpolicy d d d d d d d d dANSWER: d✔- dthe dindemnity dcontract dbetween dan
dinsured dand dinsurer
marine dinsurance d d d d d d d d dANSWER: d✔- dinsurance dthat dcovers dproperty dthat
dis din dsome dway drelated dto dtransportation
moral dhazard d d d d d d d d dANSWER: d✔- darises dout dof dthe ddishonesty dof dan
dinsured. dBurning ddown dyour down dhouse
morale dhazard d d d d d d d d dANSWER: d✔- darises dout dof dthe dindifference dto dloss
dbecause dof dinsurance dcoverage
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