Florida Law Common to All Lines
15%of exam
DFS and OIRLicensingContinuing EducationUnfair PracticesFIGA
General Property Knowledge
31.5%of exam
General Casualty Knowledge
32.5%of exam
Casualty Policies and Bonds 15%Terms and Concepts 9.5%Policy Provisions 8%Commercial General Liability
Florida General Lines Law
15%of exam
Florida Health Insurance Law
6%of exam
Quick Facts
- License
- Florida 2-20
- Questions
- 175 total (160 scored, 15 pretest)
- Time
- 3 hours
- Pass
- 70% overall
- Prelicense
- 200 hours (standard route)
- Score validity
- 1 year
- Provider
- Pearson VUE
- Exam fee
- $44
Twist vs Churn
Twisting misleads, churning misuses existing life or annuity values
Twisting induces policy actionChurning involves same insurer
DFS vs OIR
DFS
- Agent licensing
- Consumer services
- CFO heads it
OIR
- Rate + form approval
- Insurer solvency
- Market conduct
People + agents vs insurers
Who Handles It
- Agent licensing→DFS(Agent and Agency Services)
- Consumer complaint→DFS(Consumer Services)
- Rate / form approval→OIR(Insurer regulation)
- Insurer solvency→OIR(Financial exams)
- Workers comp system→DWC(Under DFS)
- Insolvent P&C insurer→FIGA(Eligible claims only)
FL Regulators
- DFS
- Licensing + consumers
- OIR
- Rates + insurer solvency
- CFO
- Elected, heads DFS
- Consumer Services
- Handles complaints
- DWC
- Workers comp division
- Insurance Code
- FL statutory law
CE Numbers
24 standard CE hours include 4 Law and Ethics
200 hours standard prelicense24 standard CE every 2 years4 hour Law and Ethics16 electives after 6 years
Licensing Rules
- 2-20
- General Lines agent
- 4-40
- Customer rep license
- Standard prelicense
- 200 approved hours within 4 years
- Pass score
- 70% overall
- Fingerprints
- Background check required
- License fees
- $50 application plus $5 ID
Continuing Education and Appointment
- Appointment renewal
- Generally every 2 years
- Standard CE
- 24 hours every 2 years
- Law and Ethics Update
- 4 of the 24 hours
- Licensed 6+ years
- 4 update plus 16 elective hours
- No appointment for 48 months
- Requalify as first-time applicant
- Policy records
- 5 years after policy expiration
Prohibited Practices
- Commission rebates
- Allowed only under statutory conditions
- Twisting
- Mislead to induce policy action
- Churning
- Misuse same-insurer life or annuity values
- Misrepresentation
- False policy statements
- Defamation
- False derogatory insurer financial statements
- Unfair discrimination
- Unjustified unequal insurance treatment
- Coercion
- Forced placement
Named vs Open Peril
Named peril
- Lists covered perils
- DP-1 / HO contents
- Insured proves cause
Open peril
- All but excluded
- HO-3 / DP-3 dwelling
- Insurer proves exclusion
Listed in vs listed out
Property Coverage Picker
- Owner-occupied home→HO-3(Open peril dwelling)
- Renter contents→HO-4(Tenant policy)
- Condo unit owner→HO-6(Check association coverage)
- Landlord rental→DP-3(Special form dwelling)
- Basic dwelling fire coverage→DP-1(Named perils)
- No qualifying private offer→Citizens(Last resort)
- Flood risk→NFIP or private flood(Separate policy)
- Code-upgrade rebuild→Ordinance or Law(Code compliance costs)
Property Forms
- HO-3
- Special form homeowners
- HO-4
- Renters / contents
- HO-6
- Condo unit-owner
- DP-1
- Basic named perils
- DP-3
- Open peril dwelling
- Coverage A
- Dwelling structure
- Coverage C
- Personal property
- ALE / FRV
- Loss-of-use coverage
ACV vs Replacement Cost
ACV
- Often cost less depreciation
- Subject to policy terms
Replacement Cost
- Replacement without depreciation
- Subject to limits and conditions
Depreciated vs new
Occurrence vs Claims-made
Occurrence
- Injury or damage during policy period
- Claim may follow policy expiry
- Check notice conditions
Claims-made
- Claim first made triggers
- Check retroactive date
- Tail extends reporting window
Loss date or first claim date
Casualty Coverage Picker
- Own medical after crash→PIP(No-fault, 80%)
- Damage to others' car→PDL($10,000 minimum)
- At-fault injury claim→BI liability(Subject to liability limits)
- Injury from uninsured driver→UM coverage(Included with BI unless rejected)
- Employee work injury→Workers comp(Exclusive remedy)
- Business premises injury→CGL(Premises + operations)
- Product harms customer→Products-completed(CGL hazard)
- Insurer insolvent→FIGA(Covered claims only)
Casualty Lines
- Nonconstruction workers comp
- Generally 4+ employees
- Construction WC
- 1+ employee required
- Exclusive remedy
- Usually bars claims against employer
- CGL
- Business liability coverage
- Products-completed operations
- Off-premises product or completed-work harm
- General aggregate
- Cap excluding products-completed operations
- Per occurrence
- Single-event cap
- Additional insured
- Extends to third party
Admitted vs Surplus Lines
Admitted
- OIR certificate of authority
- FIGA for eligible claims
- Authorized market
Surplus lines
- Non-admitted carrier
- No FIGA backstop
- Hard-to-place risk
Check guaranty eligibility
FL Auto Minimums
PIP $10K and PDL $10K for registration
PIP: 80% medicalPDL: others' propertyBI: not baselinePIP regardless of fault
Cancellation vs Nonrenewal
Cancellation
- Ends mid-term
- Grounds vary by policy
- Notice depends on reason
Nonrenewal
- Ends at expiration
- Advance notice rules apply
During term vs at renewal
FL Property Programs
- Citizens
- Insurer of last resort
- Citizens account
- Single account since January 2024
- Citizens surcharge
- Up to 15% of premium
- Emergency assessment
- Up to 10% annually
- Take-out
- Private insurer assumes Citizens policies
- FHCF
- State hurricane reinsurance
- FHCF retention
- Insurer absorbs losses up to retention
- Assessable statewide premium
- Includes eligible private-market policies
Hurricane Deductible
Same insurer group, same calendar-year hurricane deductible
Often based on Coverage ACovered losses accumulateLater loss uses greater deductible
Citizens vs FHCF
Citizens
- Insures consumers
- Last resort policy
- Single account
FHCF
- Reinsures insurers
- Spreads hurricane risk
- Mandatory participation
Direct cover vs reinsurance
FL Perils + Deductibles
- Hurricane deductible
- Common options include 2%, 5%, 10%
- Personal residential hurricane deductible
- Calendar year, same insurer group
- Catastrophic collapse
- Included in residential property policies
- Sinkhole loss
- Available for additional premium
- Later hurricane loss
- Greater of remainder or standard deductible
- Sinkhole testing
- Engineer or geologist
- Flood
- Separate NFIP or private policy
- Windstorm
- May be excluded
- Ordinance or Law
- Code-upgrade rebuild
Claims Clock
Residential property: acknowledge 7, pay or deny 60
7 calendar days from communication60 days from claim noticeWritten settlements generally 20 days
FL Auto / PIP
- No-fault
- PIP pays regardless of fault
- PIP
- $10,000 minimum
- PIP pays
- 80% of qualifying medical expenses
- PDL
- $10,000 mandatory
- 10/20/10
- Financial responsibility BI and PD limits
- BI liability
- Not mandatory baseline
- Tort threshold
- Limits pain and suffering damages
- EMC
- Emergency medical condition
FL Liability Rules
- Modified comparative fault
- Over 50% generally bars recovery
- Punitive damages
- Punish qualifying misconduct
- Strict liability
- Defect liability without proving negligence
- General liability rates
- OIR notified after rate changes
- File and use
- File before implementing proposed rate
- Surplus lines
- Non-admitted carriers
Claims + FIGA
- Residential property acknowledgment
- Generally within 7 calendar days
- Residential property pay or deny
- Generally within 60 days
- Pay written settlement
- Generally within 20 days
- FIGA
- Insolvent insurer backstop
- FIGA standard cap
- Usually up to $300,000
- Homeowners structure and contents
- Up to $200,000 additional FIGA
- FIGA excludes
- Surplus lines, life
- Workers comp insolvency
- Separate workers comp guaranty association
- No FIGA selling
- Guaranty protection cannot induce sales
Health Policy Provisions
- Time limit on certain defenses
- Two-year provision
- Grace period
- Time to pay overdue premium
- Reinstatement
- Restores lapsed coverage
- Elimination period
- Wait before disability benefits
- Hospital indemnity
- Fixed benefit for covered confinement
Common Traps
DFS vs OIR
DFS licenses agents ≠ OIR regulates insurers
Citizens vs FHCF
Citizens insures consumers ≠ FHCF reinsures insurers
Collapse vs sinkhole
Collapse covered default ≠ Sinkhole must offer
PIP vs BI
PIP mandatory $10K ≠ BI not baseline required
Hurricane deductible
Personal residential calendar-year deductible ≠ Commercial residential offers per-event option
Occurrence vs claims-made
Occurrence uses injury or damage date ≠ Claims-made uses first claim date
FIGA scope
Eligible member-insurer claims ≠ Surplus lines excluded
Twisting vs churning
Twisting misleads about policies ≠ Churning misuses life or annuity values
Last Minute
- 1.175 questions, 70% overall
- 2.Standard prelicense requires 200 hours
- 3.DFS licenses agents. OIR regulates insurers.
- 4.CFO is elected, heads DFS
- 5.Citizens insures. FHCF reimburses insurers.
- 6.Personal hurricane deductible follows calendar year
- 7.Collapse included. Sinkhole coverage offered.
- 8.PIP $10K, 80% medical, no-fault
- 9.Auto minimum: PDL $10K mandatory
- 10.Over 50% fault generally bars recovery
- 11.WC minimums: nonconstruction four, construction one
- 12.FIGA generally $300K, surplus lines excluded
- 13.Residential claims: acknowledge 7d, decide 60d
- 14.Churning involves life or annuity values
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