Florida Personal Lines Exam | Most Recent Exam
2026 Actual Complete Real Exam Questions And
Correct Answers (Verified Answers) Already
Graded A+ |Guaranteed Success!! Newest Exam |
Just Released!!
If a property owner does not desire any deduction for depreciation
following a covered loss, he/she should purchase a policy.
ANSWERS: Replacement Cost
For replacement cost coverage to apply in dwelling policies, the insured
must
carry insurance at least equal to % of the cost of replacement of the
building.
ANSWERS: 80
Would a stated amount method of valuation likely be used when insuring
gold bullion?
ANSWERS: No
,An___ policy is one that the value of the subject matter is not agreed
upon, but is
left to be ascertained in case of loss.
ANSWERS: Open
A valued policy is one that expresses on it's face an agreement that
the thing insured is valued at a specific sum. True or False?
ANSWERS: True
Insuring more than one property on one policy for a single amount of
insurance that applies to all properties covered under the policy is
known as _______
coverage.
ANSWERS: Blanket
The name of the insured is found on the declarations page of the policy.
True or False?
ANSWERS: True
,What part or portion of a property policy contains the effective or
expiration dates of the policy?
ANSWERS: Declarations
Are the insurer's limits of insurance amount stated in the conditions
part or portion part of the policy?
ANSWERS: No
The ______ part or portion of a property policy sets forth the rights, rules,
duties,
and obligations of the insurer and insured to be followed throughout the
policy period.
ANSWERS: Conditions
The ________ Clause allows insurers to automatically broaden coverage
without
endorsement on existing policies with no increase in premium.
ANSWERS: Liberalization
, When a property policy has been in effect less than 60 days and the
insurer cancels for the nonpayment of premium, the insurer must give
the insured ____ days written notice.
ANSWERS: 10
Could an order to vacate the property possibly cause an insurer to cancel
a commercial property policy?
ANSWERS: Yes
An insurer may nonrenew a homeowners policy with oral notice to
the insured. True or False?
ANSWERS: False
The insured's transfer of right of ownership or interest in an
insurance policy to another party with the insurer's written consent
is known as an ______________________________________________ _.
ANSWERS: Assignment
_ _____ transfers an insured's legal right of recovery to the insurer that
paid the
claim.
ANSWERS: Subrogation
2026 Actual Complete Real Exam Questions And
Correct Answers (Verified Answers) Already
Graded A+ |Guaranteed Success!! Newest Exam |
Just Released!!
If a property owner does not desire any deduction for depreciation
following a covered loss, he/she should purchase a policy.
ANSWERS: Replacement Cost
For replacement cost coverage to apply in dwelling policies, the insured
must
carry insurance at least equal to % of the cost of replacement of the
building.
ANSWERS: 80
Would a stated amount method of valuation likely be used when insuring
gold bullion?
ANSWERS: No
,An___ policy is one that the value of the subject matter is not agreed
upon, but is
left to be ascertained in case of loss.
ANSWERS: Open
A valued policy is one that expresses on it's face an agreement that
the thing insured is valued at a specific sum. True or False?
ANSWERS: True
Insuring more than one property on one policy for a single amount of
insurance that applies to all properties covered under the policy is
known as _______
coverage.
ANSWERS: Blanket
The name of the insured is found on the declarations page of the policy.
True or False?
ANSWERS: True
,What part or portion of a property policy contains the effective or
expiration dates of the policy?
ANSWERS: Declarations
Are the insurer's limits of insurance amount stated in the conditions
part or portion part of the policy?
ANSWERS: No
The ______ part or portion of a property policy sets forth the rights, rules,
duties,
and obligations of the insurer and insured to be followed throughout the
policy period.
ANSWERS: Conditions
The ________ Clause allows insurers to automatically broaden coverage
without
endorsement on existing policies with no increase in premium.
ANSWERS: Liberalization
, When a property policy has been in effect less than 60 days and the
insurer cancels for the nonpayment of premium, the insurer must give
the insured ____ days written notice.
ANSWERS: 10
Could an order to vacate the property possibly cause an insurer to cancel
a commercial property policy?
ANSWERS: Yes
An insurer may nonrenew a homeowners policy with oral notice to
the insured. True or False?
ANSWERS: False
The insured's transfer of right of ownership or interest in an
insurance policy to another party with the insurer's written consent
is known as an ______________________________________________ _.
ANSWERS: Assignment
_ _____ transfers an insured's legal right of recovery to the insurer that
paid the
claim.
ANSWERS: Subrogation
