1 || |Page
FLORIDA PROPERTY & CASUALTY
INSURANCE,FLORIDA 2-20 AGENTS LICENSE EXAM
QUESTIONS WITH COMPLETE SOLUTIONS
GUARANTEED PASS
Mike has a Toyota Highlander covered on his Personal Auto Policy
| | | | | | | | | |
|with a $100 deductible for Other Than Collision, and a $500
| | | | | | | | | |
|deductible for Collision. One day while on his way to work, he runs
| | | | | | | | | | | |
|into a pipe sticking out off the back of a truck and it results in
| | | | | | | | | | | | | |
|windshield damage. It will cost $400 to replace damaged glass. How
| | | | | | | | | |
|much will his insurance policy pay? - CORRECT
| | | | | | |
ANSWER>>$400
In the state of Florida, windshields are covered free of charge
| | | | | | | | | |
|without the insured having to pay a deductible. There is a lot of fluff
| | | | | | | | | | | | |
|in this question and you shouldn't let it distract you from the key
| | | | | | | | | | | |
|points needed to solve it | | | |
If Rhonda did not own a vehicle but wanted to purchase a policy to
| | | | | | | | | | | | |
|cover her for liability, medical payments and uninsured motorist
| | | | | | | |
|while she drove someone else's car, what coverage would she
| | | | | | | | |
|purchase? - CORRECT ANSWER>>Named NonOwner Coverage -
| | | | | |
|Named NonOwner Coverage provides Liability and
| | | | |
|Uninsured/Underinsured coverage for those that do not own a | | | | | | | |
|personal vehicle of their own | | | |
Larry has a Personal Automobile Policy. His employer also gives him a
| | | | | | | | | | |
vehicle to drive which he is able to use personally as well. Larry
| | | | | | | | | | | | |
wants to make sure that his PAP covers him while he is driving the
| | | | | | | | | | | | | |
furnished car. What endorsement would you add to his PAP? -
| | | | | | | | | | |
,CORRECT
|
ANSWER>>Extended non-owned coverage
| |
,2 || |Page
-This coverage is furnished or available for the regular use of the
| | | | | | | | | | |
|person, for using all types of non-owned autos in business, and for
| | | | | | | | | | |
|using non-owned autos when carrying persons or property for a fee
| | | | | | | | | |
The FAJUA is composed of: - CORRECT ANSWER>>All companies
| | | | | | | |
licensed to write auto insurance in Florida
| | | | | | |
A coverage that is similar to premises and operations coverage in the
| | | | | | | | | | |
Commercial General Liability Policy covering bodily injury and
| | | | | | | |
property damage liability for aviation risks is defined as: - CORRECT
| | | | | | | | | | |
ANSWER>>Airport and Air Meet Liability
| | | | |
Homeowners HO-3 policy - severe theft loss. Coverage A limit is | | | | | | | | | |
$100,000. Insured losses include $25,000 furniture, clothing and
| | | | | | |
other ordinary personal property plus $5,000 damage to guns and
| | | | | | | | | |
$5,000 damage to jewelry, furs. Insured will recover: - CORRECT
| | | | | | | | |
ANSWER>>$29,000 less any deductible
| | | |
Each of the following divisions falls under The Department of
| | | | | | | | |
Financial Services EXCEPT? - CORRECT ANSWER>>The Division of
| | | | | | | |
Consumer Activities
| |
Which of the following provides for loss of money and securities
| | | | | | | | | |
outside the premises in the care, custody and control of a messenger
| | | | | | | | | | | |
or armored car service resulting from theft, disappearance, or
| | | | | | | | |
destruction? - CORRECT ANSWER>>Outside the Premises
| | | | | |
What is the standard All Perils deductible in the Commercial Property
| | | | | | | | | |
Policy? - CORRECT
| | |
ANSWER>>$500
, 3 || |Page
Which of the following best describes a "Controlled" Inland Marine
| | | | | | | | |
Form? - CORRECT
| | |
ANSWER>>Standard provisions form is written according to filed | | | | | | |
rules and rates
| | |
Under a Personal Articles Floater, which of the following is covered
| | | | | | | | | |
as valued property? - CORRECT ANSWER>>Fine Arts
| | | | | | |
Under the Dwelling Program forms, vandalism is not covered after
| | | | | | | | |
the building has been vacant for how many days? - CORRECT
| | | | | | | | | | |
ANSWER>>60 days
| |
Under a Commercial General Liability Contract, how many days
| | | | | | | |
notice of cancellation must the insurer provide for non-payment of
| | | | | | | | | |
premium? - CORRECT ANSWER>>10
| | | |
Under Additional Coverages, how much applies for loss assessments
| | | | | | | |
imposed by an association against the insured for damage to
| | | | | | | | | |
property caused by a peril insured against under Coverage A? -
| | | | | | | | | | |
CORRECT ANSWER>>$1,000
| |
The following are basic characteristics of a Property or Liability
| | | | | | | | |
Insurance Contract EXCEPT: - CORRECT ANSWER>>Loss Settlement
| | | | | | |
Contract
|
Rob has PIP with a $1,000 deductible. He has an auto accident
| | | | | | | | | | |
causing $6,000 in medical bills. How much will his PIP pay? -
| | | | | | | | | | | |
CORRECT ANSWER>>$4,000
| |
FLORIDA PROPERTY & CASUALTY
INSURANCE,FLORIDA 2-20 AGENTS LICENSE EXAM
QUESTIONS WITH COMPLETE SOLUTIONS
GUARANTEED PASS
Mike has a Toyota Highlander covered on his Personal Auto Policy
| | | | | | | | | |
|with a $100 deductible for Other Than Collision, and a $500
| | | | | | | | | |
|deductible for Collision. One day while on his way to work, he runs
| | | | | | | | | | | |
|into a pipe sticking out off the back of a truck and it results in
| | | | | | | | | | | | | |
|windshield damage. It will cost $400 to replace damaged glass. How
| | | | | | | | | |
|much will his insurance policy pay? - CORRECT
| | | | | | |
ANSWER>>$400
In the state of Florida, windshields are covered free of charge
| | | | | | | | | |
|without the insured having to pay a deductible. There is a lot of fluff
| | | | | | | | | | | | |
|in this question and you shouldn't let it distract you from the key
| | | | | | | | | | | |
|points needed to solve it | | | |
If Rhonda did not own a vehicle but wanted to purchase a policy to
| | | | | | | | | | | | |
|cover her for liability, medical payments and uninsured motorist
| | | | | | | |
|while she drove someone else's car, what coverage would she
| | | | | | | | |
|purchase? - CORRECT ANSWER>>Named NonOwner Coverage -
| | | | | |
|Named NonOwner Coverage provides Liability and
| | | | |
|Uninsured/Underinsured coverage for those that do not own a | | | | | | | |
|personal vehicle of their own | | | |
Larry has a Personal Automobile Policy. His employer also gives him a
| | | | | | | | | | |
vehicle to drive which he is able to use personally as well. Larry
| | | | | | | | | | | | |
wants to make sure that his PAP covers him while he is driving the
| | | | | | | | | | | | | |
furnished car. What endorsement would you add to his PAP? -
| | | | | | | | | | |
,CORRECT
|
ANSWER>>Extended non-owned coverage
| |
,2 || |Page
-This coverage is furnished or available for the regular use of the
| | | | | | | | | | |
|person, for using all types of non-owned autos in business, and for
| | | | | | | | | | |
|using non-owned autos when carrying persons or property for a fee
| | | | | | | | | |
The FAJUA is composed of: - CORRECT ANSWER>>All companies
| | | | | | | |
licensed to write auto insurance in Florida
| | | | | | |
A coverage that is similar to premises and operations coverage in the
| | | | | | | | | | |
Commercial General Liability Policy covering bodily injury and
| | | | | | | |
property damage liability for aviation risks is defined as: - CORRECT
| | | | | | | | | | |
ANSWER>>Airport and Air Meet Liability
| | | | |
Homeowners HO-3 policy - severe theft loss. Coverage A limit is | | | | | | | | | |
$100,000. Insured losses include $25,000 furniture, clothing and
| | | | | | |
other ordinary personal property plus $5,000 damage to guns and
| | | | | | | | | |
$5,000 damage to jewelry, furs. Insured will recover: - CORRECT
| | | | | | | | |
ANSWER>>$29,000 less any deductible
| | | |
Each of the following divisions falls under The Department of
| | | | | | | | |
Financial Services EXCEPT? - CORRECT ANSWER>>The Division of
| | | | | | | |
Consumer Activities
| |
Which of the following provides for loss of money and securities
| | | | | | | | | |
outside the premises in the care, custody and control of a messenger
| | | | | | | | | | | |
or armored car service resulting from theft, disappearance, or
| | | | | | | | |
destruction? - CORRECT ANSWER>>Outside the Premises
| | | | | |
What is the standard All Perils deductible in the Commercial Property
| | | | | | | | | |
Policy? - CORRECT
| | |
ANSWER>>$500
, 3 || |Page
Which of the following best describes a "Controlled" Inland Marine
| | | | | | | | |
Form? - CORRECT
| | |
ANSWER>>Standard provisions form is written according to filed | | | | | | |
rules and rates
| | |
Under a Personal Articles Floater, which of the following is covered
| | | | | | | | | |
as valued property? - CORRECT ANSWER>>Fine Arts
| | | | | | |
Under the Dwelling Program forms, vandalism is not covered after
| | | | | | | | |
the building has been vacant for how many days? - CORRECT
| | | | | | | | | | |
ANSWER>>60 days
| |
Under a Commercial General Liability Contract, how many days
| | | | | | | |
notice of cancellation must the insurer provide for non-payment of
| | | | | | | | | |
premium? - CORRECT ANSWER>>10
| | | |
Under Additional Coverages, how much applies for loss assessments
| | | | | | | |
imposed by an association against the insured for damage to
| | | | | | | | | |
property caused by a peril insured against under Coverage A? -
| | | | | | | | | | |
CORRECT ANSWER>>$1,000
| |
The following are basic characteristics of a Property or Liability
| | | | | | | | |
Insurance Contract EXCEPT: - CORRECT ANSWER>>Loss Settlement
| | | | | | |
Contract
|
Rob has PIP with a $1,000 deductible. He has an auto accident
| | | | | | | | | | |
causing $6,000 in medical bills. How much will his PIP pay? -
| | | | | | | | | | | |
CORRECT ANSWER>>$4,000
| |
