FLORIDA P&C EXAM PRACTICE
QUESTIONS WITH VERIFIED
SOLUTIONS GRADED A+ NEW
UPDATE
In an unendorsed homeowners policy, losses to personal property are settled on
what basis?
actual cash value
A company that only provides truck transportation for its own cargo is known
as what type of carrier?
private carrier
A flat benefit amount in a disability income policy is usually what percent of the
full disability benefit?
50%
Page 1 of 76
,All of the following are federal workers compensation laws that protect
employees injured on the job EXCEPT:
Sue and Labor Clause
How do public adjusters primarily differ from staff or independent adjusters?
Public adjusters represent insureds, while other adjusters represent insurers.
A company that transports cargo belonging to others for a fee is known as what
type of carrier?
carrier for hire
Which of the following statements regarding the Patient Protection and
Affordable Care Act (PPACA) is correct?
Page 2 of 76
,Medical expense insurance is available on a guaranteed issue basis to all
persons regardless of pre-existing conditions.
Jack, who owns a hardware store, applies for a loan to expand the premises. His
loan application is denied. He learns that someone got his credit card number
and used it to make purchases that exceeded his credit limit. Jack hires an
attorney to help him repair his credit and loses time from work. What coverage
might pay for some or all of these expenses?
identity fraud expense coverage
Which of the following businesses is generally NOT eligible for a
businessowners policy (BOP)?
auto body shop
The errors and omissions coverage in an equipment breakdown policy is most
likely to apply in which of the following situations?
The insured made a mistake in describing the property location on the
application.
Page 3 of 76
, Mac bought a new gas grill from a local department store. After cooking dinner,
he turns off the gas to the grill. A little later the grill explodes and damages
Mac's home. The cause is determined to be a defect in the grill. Mac's
homeowners policy pays for the damage to the home and grill. Having paid
Mac's claim, the insurer is likely to do what with respect to the grill's
manufacturer?
subrogate the claim to seek recovery from the manufacturer
First Street Supply Company has a good business relationship with its main
customer, Alliance Metals, which it wants to maintain even if a First Street
employee were to get injured while visiting Alliance's factory. Which of the
following endorsements might First Street add to its workers compensation
policy to minimize potential disputes should that ever happen?
Waiver of Our Right to Recover from Others endorsement
Which statement correctly describes managed care plans such as HMOs?
They connect the financing and delivery of health care.
Page 4 of 76
QUESTIONS WITH VERIFIED
SOLUTIONS GRADED A+ NEW
UPDATE
In an unendorsed homeowners policy, losses to personal property are settled on
what basis?
actual cash value
A company that only provides truck transportation for its own cargo is known
as what type of carrier?
private carrier
A flat benefit amount in a disability income policy is usually what percent of the
full disability benefit?
50%
Page 1 of 76
,All of the following are federal workers compensation laws that protect
employees injured on the job EXCEPT:
Sue and Labor Clause
How do public adjusters primarily differ from staff or independent adjusters?
Public adjusters represent insureds, while other adjusters represent insurers.
A company that transports cargo belonging to others for a fee is known as what
type of carrier?
carrier for hire
Which of the following statements regarding the Patient Protection and
Affordable Care Act (PPACA) is correct?
Page 2 of 76
,Medical expense insurance is available on a guaranteed issue basis to all
persons regardless of pre-existing conditions.
Jack, who owns a hardware store, applies for a loan to expand the premises. His
loan application is denied. He learns that someone got his credit card number
and used it to make purchases that exceeded his credit limit. Jack hires an
attorney to help him repair his credit and loses time from work. What coverage
might pay for some or all of these expenses?
identity fraud expense coverage
Which of the following businesses is generally NOT eligible for a
businessowners policy (BOP)?
auto body shop
The errors and omissions coverage in an equipment breakdown policy is most
likely to apply in which of the following situations?
The insured made a mistake in describing the property location on the
application.
Page 3 of 76
, Mac bought a new gas grill from a local department store. After cooking dinner,
he turns off the gas to the grill. A little later the grill explodes and damages
Mac's home. The cause is determined to be a defect in the grill. Mac's
homeowners policy pays for the damage to the home and grill. Having paid
Mac's claim, the insurer is likely to do what with respect to the grill's
manufacturer?
subrogate the claim to seek recovery from the manufacturer
First Street Supply Company has a good business relationship with its main
customer, Alliance Metals, which it wants to maintain even if a First Street
employee were to get injured while visiting Alliance's factory. Which of the
following endorsements might First Street add to its workers compensation
policy to minimize potential disputes should that ever happen?
Waiver of Our Right to Recover from Others endorsement
Which statement correctly describes managed care plans such as HMOs?
They connect the financing and delivery of health care.
Page 4 of 76
