Unit 1: Licensing Qualifications

Question 1

An applicant for a Personal Lines Agent License must be at least ____ years old

Answer 1

18

Question 2

Once licensed, a license has how many months to obtain a company appointment before the license terminates/expires

Answer 2

48

Question 3

An __________ is the authority given by an insurer or employer to transact insurance or adjust claims.

Answer 3

appointment

Question 4

identification An applicant must present a valid form of __________ when presenting themselves to take the state exam

Answer 4

identification

Question 5

The failure to present a valid form of identification at the exam testing center is considered a “________ appointment” and an applicant will be requeired to reschedule their exam.

Answer 5

missed

Question 6

On the application to become a Personal Lines Agent the applicant must show they are a bona fide resident of or whose place of business is in?

Answer 6

Florida

Question 7

License hopeful Misty Wyatt must acknowledge on her application for licensure that she will have a place of business in FL and will actively __________ in business of insurance, maintain a place of insurance business which is identifiable and accessible to the public.

Answer 7

engage

Question 8

accessible License hopeful Misty Wyatt must acknowledge on her application for licensure that she will have a place of business in FL and will actively engage in business of insurance, maintain a place of insurance business which is identifiable and _________ to the public.

Answer 8

accessible

Question 9

“Controlled Business” is when more the ___% of an agent’s income is anticipated to come from transactions for which the agent has a business, family, or pecuniary interest.

Answer 9

50

Question 10

License hopeful Misty Wyatt must acknowledge on her application for licensure that she will have a place of business in FL and will actively engage in business of insurance, maintain a place of insurance business which is _________ and accessible to the public.

Answer 10

identifiable

Question 11

The failure to present a valid form of identification at the exam testing center is considered a “missed appointment” and an applicant will be required to ______ their exam.

requires a new application & fee to the Dept of Financial Services

Answer 11

reschedule

Question 12

____ _____ is when more than 50% of an agent’s income is anticipated to come from transactions for which the agent has a business, family, or pecuniary interest.

Answer 12

controlled business

Question 13

An appointment is the ________ given by an insurer or employer to trasact insurance or adjust claims

Answer 13

authority