Under Fla. Stat. §626.015, a Florida resident "personal lines agent" (the 20-44 license) is defined as a general lines agent whose transactions are limited to:
A. Property and casualty insurance sold to individuals and families for noncommercial purposes
B. Any property and casualty insurance, including commercial risks, so long as the insured is an individual policyholder
C. Life and health insurance sold to individuals for personal, non-business purposes
D. Surplus lines property and casualty insurance placed for personal-lines risks only
Source: Fla. Stat. §626.015
A Florida personal lines agent (20-44) wants to write a commercial property policy for a small retail shop owned by an individual client. Under the personal lines license scope, this producer:
A. May write it only if the premium is under a statutory de minimis threshold
B. May not write it, because the risk is commercial rather than noncommercial regardless of the owner's status as an individual
C. May write it only with written consent from the Department of Financial Services
D. May write it because the shop owner is an individual, not a business entity
Source: Fla. Stat. §626.015
One of the statutory pathways to qualify for Florida's resident 20-44 Personal Lines Agent license, per the DFS licensure requirements, includes completing at least six months within the last four years of responsible insurance duties while licensed and appointed as which of the following?
A. A title insurance agent (2-27)
B. A licensed public adjuster
C. A Customer Representative (4-40), Limited Customer Representative (4-42), or Service Representative (0-55)
D. A resident 2-15 life, health, and variable annuity agent
Source: DFS 20-44 Resident Personal Lines License requirements (myfloridacfo.com)
A Florida 20-44 personal lines agent license goes without an active appointment for 50 consecutive months. Under the statutory expiration rule tied to appointment lapse, what happens to the license?
A. It is suspended for one year but may be reinstated without re-examination
B. It automatically converts to a 2-20 general lines license
C. It remains valid indefinitely as long as continuing education is current
D. It expires, because Fla. Stat. §626.431(3) provides for expiration once a license goes unappointed for 48 months
Source: Fla. Stat. §626.431(3)
Under Florida's no-fault Personal Injury Protection (PIP) law, Fla. Stat. §627.736, what is the minimum combined medical and disability benefit that a private passenger motor vehicle owner must carry?
A. $10,000
B. $25,000
C. $50,000
D. $5,000
Source: Fla. Stat. §627.736
