Florida General Lines Agent Exam Questions and Answers 2024

Florida General Lines Agent Exam

 questions and answers 2023/2024

 solved 100% correct Answers are highlighted in red

 What is the definition of a risk that is insurable?a.Risk is defined as a chance or the possibility of financial loss; only pure risks areinsurable as there is no possibility of a gainb.A chance of a loss or gainc.A risk where there is a possibility of a gaind.A chance for insurance coverageAnswer aWhat is an insurance policy?a.A binder that offers initial insurance coverageb.An oral agreement related to insurancec.A temporary agreement for insurance coveraged.A written agreement or contract for insurance coverage Correct Answer .What is an insurance binder?a.An agreement with an insurer for coverageb.A temporary agreement for insurance coverage subject to the decision of theinsurer Correct Answer c.A permanent agreement for insurance coveraged.An agreement with an agentThe term casualty is related to all the following insurance lines except?a.Life and health insurance Correct Answerb.Marine insurancec.Insurance on propertyd.Liability insuranceWhat is the mathematical concept where the actual results from an event beingmeasured will equal the predicted or expected results as the number of units ortrials increases?