There are 100 questions on the Florida 2-20 Exam.
Anyone who’s thinking about a career in insurance in the state of Florida will need to take and pass the Florida 2-20 exam. This exam is designed to test your knowledge of the insurance industry and make sure you’re prepared to sell insurance policies in the state. So how many questions are on the exam?
The answer may surprise you – there are actually 200 questions on the Florida 2-20 exam! That might seem like a lot, but keep in mind that you’ll have four hours to complete the test. And if you study hard and use all the resources at your disposal, you should be able to pass with flying colors.
So what are you waiting for? Get started studying today so you can ace the Florida 2-20 exam and start selling insurance policies tomorrow!
Florida 2-20 License Exam Questions
Florida 2-20 License Exam Questions The Florida 2-20 license exam is a multiple-choice test that covers general insurance knowledge and principles. The exam is administered by Prometric, and you must pass with a score of 70% or higher to earn your license.
Here are some sample questions from the exam:
1. What does the term “insurable interest” mean? A. An economic or legal relationship between an insured person and an insurance policy
B. A right, title, or benefit in property or prospective earnings that may be protected by purchasing insurance C. coverage under an insurance policy that protects against a specified peril D. An agreement between two people in which one agrees to provide financial compensation to the other in the event of death, injury, or property damage caused by an accident
2. Which of the following best describes how an insurance company determines premiums for automobile liability coverage?
A. By using statistical information about losses that have occurred in similar situations
B. By setting rates at levels that will generate enough revenue to cover expected losses plus expenses and produce a profit
C. In accordance with state laws regulating premium rates
D. Based on the driver’s personal characteristics, such as age and gender
3. An individual purchases a life insurance policy with a face value of $100,000 and pays premiums for 10 years before she dies.
How much will her beneficiaries receive?
A. $10,000 B.$100,000 C.$50,000 D.$90,000 E.$75,000 F.$60,000 G.$40,000
How Many Times Can You Take the Florida 2-20 Exam?
There is no limit to the number of times you can take the Florida 2-20 exam. However, you must pass the exam within two years of first taking it in order to obtain your license.
How Much is a 220 License in Florida?
A 220 license in Florida allows an individual to sell insurance policies. The cost of the license depends on the type of insurance being sold. For example, a life and health insurance license costs $50, while a property and casualty insurance license costs $100.
How Many Questions Are on the Florida State Insurance Exam?
The Florida state insurance exam is made up of two parts, the written portion, and the oral portion. The written portion consists of 100 multiple-choice questions, while the oral portion contains 50 questions.
What Can I Do With a 2-20 License in Florida?
If you’re looking to start a career in insurance, a 2-20 license in Florida is a great place to start. Here’s what you need to know about this type of license and what it can do for you. A 2-20 license in Florida allows an individual to act as an insurance agent within the state of Florida.
In order to obtain this type of license, individuals must complete an approved pre-licensing course and pass the state examination. Once licensed, agents are able to sell property and casualty insurance products including homeowner’s insurance, automobile insurance, and boat insurance policies. There are many benefits to obtaining a 2-20 license in Florida.
First and foremost, it allows individuals to become their own boss and work from home if they so choose. It also provides them with the opportunity to earn a good living; top-producing agents can earn six figures or more annually. Additionally, it gives agents the ability to help people protect their assets and finances in the event of an unforeseen disaster.
Finally, being an insurance agent is a highly respected profession that comes with a great deal of personal satisfaction. If you’re thinking about starting a career in insurance, consider getting your 2-20 license in Florida.
How to Pass The 2-20 Test – $99 2-20 License Course
The Florida 2-20 Exam is comprised of 100 multiple-choice questions that test a candidate’s knowledge of the state’s insurance laws. The exam is administered by Prometric and can be taken at any of their testing centers around the state.