Florida 4-40 Test | Exam Questions
with Verified Answers | Graded A+
‣ When the insured request to have the company change a condition or
provision in an insurance policy the document attach to the policy is
referred to as what? -✓✓Endorsement
‣ George and Sandy only home which was damaged by fire who has
insurable interest -✓✓George and Sandy
‣ What is the most common loss settlement valuation in the property
policies? -✓✓Actual cash value
‣ The insurance company pays the insured for damages that should have
been collected from the app fault party now the insured right to seek
damages from the airport party are transferred to his insurance company
what best describes this concept -✓✓Subrogation
‣ PIP -✓✓Personal Injury Protection
‣ Pip coverage is -✓✓Primary
‣ Tort Immunity -✓✓Relief for persons who have suffered harm from
the wrongful acts of others
,‣ Extend PIP -✓✓To fill percentage gaps
‣ Additional PIP increases limits to... -✓✓Increase dollar limit only
10,000 to 25,000 or more
‣ Under Florida law what are the benefits payable for medical expenses -
✓✓80%
‣ Under Florida law what are the benefits payable for lost wages -✓✓Up
to 60%
‣ Death benefits -✓✓5,000
‣ Deductibles are how much -✓✓$250,$500,$1000
‣ Cease to defend -✓✓Limits exhausted by payment
‣ Before an owner of a vehicle can't obtain a license plate and tag
registration the owner must purchase PIP coverage in property damage
liability coverage in the amount of -✓✓$10,000
, ‣ When will the individuals be requested to prove they are financially
capable three different times -✓✓At the time of an accident ( 2 )a major
traffic violation and (3) an insurance vehicle is used in a felony
‣ The minimum liability limits bar -✓✓10/20/10
‣ Which of the following does not trigger financial responsibility -✓✓An
accident with a small amount of property damage
‣ FR-44 is for -✓✓People who are convicted of dui or dwi
‣ If convicted of a dui or dwi insured must -✓✓Piggy 100% of the
premium in advance also carry 100/300/50 liability insurance coverage
for 3 years
‣ How long with the insured receive medical care when qualifying under
medical payments -✓✓Medical Expenses and funeral services three
years from date of accident regardless of fault
‣ Jon is walking across the street to go to the county fair and he is trucks
as a pedestrian buy a motorcycle which of the following provides
coverage? -✓✓Medical payments
‣ There is no deductible on -✓✓Windshield damage
with Verified Answers | Graded A+
‣ When the insured request to have the company change a condition or
provision in an insurance policy the document attach to the policy is
referred to as what? -✓✓Endorsement
‣ George and Sandy only home which was damaged by fire who has
insurable interest -✓✓George and Sandy
‣ What is the most common loss settlement valuation in the property
policies? -✓✓Actual cash value
‣ The insurance company pays the insured for damages that should have
been collected from the app fault party now the insured right to seek
damages from the airport party are transferred to his insurance company
what best describes this concept -✓✓Subrogation
‣ PIP -✓✓Personal Injury Protection
‣ Pip coverage is -✓✓Primary
‣ Tort Immunity -✓✓Relief for persons who have suffered harm from
the wrongful acts of others
,‣ Extend PIP -✓✓To fill percentage gaps
‣ Additional PIP increases limits to... -✓✓Increase dollar limit only
10,000 to 25,000 or more
‣ Under Florida law what are the benefits payable for medical expenses -
✓✓80%
‣ Under Florida law what are the benefits payable for lost wages -✓✓Up
to 60%
‣ Death benefits -✓✓5,000
‣ Deductibles are how much -✓✓$250,$500,$1000
‣ Cease to defend -✓✓Limits exhausted by payment
‣ Before an owner of a vehicle can't obtain a license plate and tag
registration the owner must purchase PIP coverage in property damage
liability coverage in the amount of -✓✓$10,000
, ‣ When will the individuals be requested to prove they are financially
capable three different times -✓✓At the time of an accident ( 2 )a major
traffic violation and (3) an insurance vehicle is used in a felony
‣ The minimum liability limits bar -✓✓10/20/10
‣ Which of the following does not trigger financial responsibility -✓✓An
accident with a small amount of property damage
‣ FR-44 is for -✓✓People who are convicted of dui or dwi
‣ If convicted of a dui or dwi insured must -✓✓Piggy 100% of the
premium in advance also carry 100/300/50 liability insurance coverage
for 3 years
‣ How long with the insured receive medical care when qualifying under
medical payments -✓✓Medical Expenses and funeral services three
years from date of accident regardless of fault
‣ Jon is walking across the street to go to the county fair and he is trucks
as a pedestrian buy a motorcycle which of the following provides
coverage? -✓✓Medical payments
‣ There is no deductible on -✓✓Windshield damage
