Free Other Types of Property and Casualty Practice Questions

Florida General Lines — Property & Casualty (2-20) exam (series 2-20) — 34 practice questions.

Subtopics: Surplus lines eligibility, Surplus lines service office, Surplus lines disclosure, Umbrella and excess, Surety bonds, Flood insurance, Specialty liability, Ocean marine, Alternative markets, Difference in conditions, Aviation, Professional liability, Directors and officers, Employment practices liability, Cyber liability, Boiler and machinery, Fidelity bonds, Inland marine floater, Crop insurance, Title insurance, Yacht coverage, Surplus lines, Errors and omissions, Farmowners, Terrorism coverage, Mobile home

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Sample questions & answers

1. Before exporting a risk to a surplus lines (nonadmitted) insurer in Florida, an agent generally must show declinations from at least:

3 admitted insurers

Florida generally requires a diligent effort, shown by declinations from at least three authorized insurers, before a risk may be exported to the surplus lines market.

2. Surplus lines business in Florida is processed, and the premium tax administered, through the:

Florida Surplus Lines Service Office

The Florida Surplus Lines Service Office processes surplus lines filings and administers the surplus lines premium tax and service fees.

3. Before a Florida surplus lines agent places coverage with a nonadmitted insurer, that insurer generally must be:

Made eligible for surplus lines business in Florida

Florida surplus lines coverage may be placed only with a nonadmitted insurer that has been made eligible for surplus lines business in the state.

4. A Florida surplus lines policy must carry a disclosure informing the insured that the nonadmitted insurer is:

Not protected by the Florida Insurance Guaranty Association

Surplus lines policies must include a disclosure that the nonadmitted insurer is not protected by the Florida Insurance Guaranty Association.

All General Lines — Property & Casualty (2-20) topics

Practice: Other Types of Property and Casualty

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Practice questions are study aids generated for exam preparation and are not actual exam questions. Content is provided for educational purposes and is not legal advice. Verify current statutes, rules, and exam specifications with the Insurance Department and the exam administrator before relying on it.