FLORIDA 2-20 EXAM REAL EXAM
COMPLETE QUESTIONS AND CORRECT
DETAILED ANSWERS ()|A+
GRADE
Who may appoint a Customer Representative?
Select one:
A. A surplus lines agent holding a general lines license and a surplus lines license
B. A general lines agent or a general lines insurance agency
C. An adjuster
D. An insurance company - CORRECT ANSWER-B. A general lines agent or a general lines
insurance agency
Mr. Smith lives in New Jersey but visits Florida each year. When does he come under the Florida
No-Fault system, in any 365-day period?
Select one:
A. After 60 days in Florida
B. After 30 days in Florida
C. After 14 days in Florida
D. After 90 days in Florida - CORRECT ANSWER-D. After 90 days in Florida
A Hospital Indemnity Policy covers which of the following expenses?
Select one:
A. A flat amount per day for hospital room and board
B. Nursing care in the insured's home
C. Medical supplies
,D. Surgical fees incurred in the hospital - CORRECT ANSWER-A. A flat amount per day for
hospital room and board
Under the Garagekeepers coverage, Section III of the Garage policy, the insured suffers a single
vandalism loss to nine (9) vehicles belonging to customers. Damage is $100 per vehicle. How
much will the policy pay?
Select one:
A. $500
B. $900
C. Nothing
D. $400 - CORRECT ANSWER-D. $400
Bob, an accountant of XYZ, drives his own car to the bank to make a deposit for XYZ. Bob has an
at-fault accident. If XYZ carries $1,000,000 Bodily Injury/Property Damage coverage with a
Symbol 2 for covered autos, and Bob carries no insurance, how much coverage is applicable for
XYZ?
Select one:
A. No coverage
B. $10,000/$20,000 Bodily Injury and $10,000 Property Damage
C. $1,000,000
D. $500,000 - CORRECT ANSWER-A. No coverage
Unless properly licensed an general lines agent cannot
Select one:
A. All of these answers are correct
B. Receive any money on account for any insurer or receive money to be transmitted to an
insurer for a policy, renewal, endorsement or certificate
C. Solicit insurance or procure applications for insurance
,D. Directly or indirectly represent himself or herself to be an agent or receive, deliver or
forward any insurance policy within the state - CORRECT ANSWER-A. All of these answers are
correct
At the time of a loss, it is found that the covered building had been vacant for the period of 75
consecutive days immediately preceding the loss. Which of the following perils would not be
covered?
Select one:
A. All of these answers are correct
B. Windstorm
C. Fire
D. Vandalism - CORRECT ANSWER-D. Vandalism
Homeowner's Coverage C - Personal Property covers each of the following situations except?
Select one:
A. The property of a guest anywhere in the world
B. The insured's personal property while in Mexico at a secondary dwelling
C. A resident employee's contents at the insured's dwelling
D. The property of others while located at the insured's dwelling at the insured's request -
CORRECT ANSWER-A. The property of a guest anywhere in the world
Under a basic Boiler and Machinery Form, with no special endorsements, which of the following
losses would be covered?
Select one:
A. The insured suffers loss of income following an accident to a covered object
B. During an accident involving a covered object, a visitor on the insured's premises suffers
injuries and sued the insured
C. During testing, after some repairs, a boiler had a sudden breakdown
D. Property owned by another in the care of the insured was damaged in an accident to an
insured object, resulting in a claim by the owner of the property - CORRECT ANSWER-D.
, Property owned by another in the care of the insured was damaged in an accident to an insured
object, resulting in a claim by the owner of the property
The Homeowner's, HO3 policy will provide coverage for a student away at college as long as the
student's premises was not unoccupied more than how many days prior to the loss?
Select one:
A. 60 days
B. 30 days
C. 90 days
D. 45 days - CORRECT ANSWER-C. 90 days
Florida Statutes establish standards, which must be met by Medicare Supplement insurance.
Which of the following is not a standard?
Select one:
A. The policy may not limit coverage for more than 6 months because of a pre-existing health
condition
B. Policies must be written in understandable language
C. The policy is returnable within one year for full premium refund
D. The policy must be accompanied by an outline of coverage and a Medicare Supplement
Buyer's Guide - CORRECT ANSWER-C. The policy is returnable within one year for full premium
refund
Which of the following does not have an insurable interest in a property?
Select one:
A. A mortgage company
B. A friend who purchased insurance in his own name because the owner refuses to buy
insurance
C. The son of owner who expects to inherit property
D. A mother-in-law who gives cash as a gift - CORRECT ANSWER-D. A mother-in-law who gives
cash as a gift
COMPLETE QUESTIONS AND CORRECT
DETAILED ANSWERS ()|A+
GRADE
Who may appoint a Customer Representative?
Select one:
A. A surplus lines agent holding a general lines license and a surplus lines license
B. A general lines agent or a general lines insurance agency
C. An adjuster
D. An insurance company - CORRECT ANSWER-B. A general lines agent or a general lines
insurance agency
Mr. Smith lives in New Jersey but visits Florida each year. When does he come under the Florida
No-Fault system, in any 365-day period?
Select one:
A. After 60 days in Florida
B. After 30 days in Florida
C. After 14 days in Florida
D. After 90 days in Florida - CORRECT ANSWER-D. After 90 days in Florida
A Hospital Indemnity Policy covers which of the following expenses?
Select one:
A. A flat amount per day for hospital room and board
B. Nursing care in the insured's home
C. Medical supplies
,D. Surgical fees incurred in the hospital - CORRECT ANSWER-A. A flat amount per day for
hospital room and board
Under the Garagekeepers coverage, Section III of the Garage policy, the insured suffers a single
vandalism loss to nine (9) vehicles belonging to customers. Damage is $100 per vehicle. How
much will the policy pay?
Select one:
A. $500
B. $900
C. Nothing
D. $400 - CORRECT ANSWER-D. $400
Bob, an accountant of XYZ, drives his own car to the bank to make a deposit for XYZ. Bob has an
at-fault accident. If XYZ carries $1,000,000 Bodily Injury/Property Damage coverage with a
Symbol 2 for covered autos, and Bob carries no insurance, how much coverage is applicable for
XYZ?
Select one:
A. No coverage
B. $10,000/$20,000 Bodily Injury and $10,000 Property Damage
C. $1,000,000
D. $500,000 - CORRECT ANSWER-A. No coverage
Unless properly licensed an general lines agent cannot
Select one:
A. All of these answers are correct
B. Receive any money on account for any insurer or receive money to be transmitted to an
insurer for a policy, renewal, endorsement or certificate
C. Solicit insurance or procure applications for insurance
,D. Directly or indirectly represent himself or herself to be an agent or receive, deliver or
forward any insurance policy within the state - CORRECT ANSWER-A. All of these answers are
correct
At the time of a loss, it is found that the covered building had been vacant for the period of 75
consecutive days immediately preceding the loss. Which of the following perils would not be
covered?
Select one:
A. All of these answers are correct
B. Windstorm
C. Fire
D. Vandalism - CORRECT ANSWER-D. Vandalism
Homeowner's Coverage C - Personal Property covers each of the following situations except?
Select one:
A. The property of a guest anywhere in the world
B. The insured's personal property while in Mexico at a secondary dwelling
C. A resident employee's contents at the insured's dwelling
D. The property of others while located at the insured's dwelling at the insured's request -
CORRECT ANSWER-A. The property of a guest anywhere in the world
Under a basic Boiler and Machinery Form, with no special endorsements, which of the following
losses would be covered?
Select one:
A. The insured suffers loss of income following an accident to a covered object
B. During an accident involving a covered object, a visitor on the insured's premises suffers
injuries and sued the insured
C. During testing, after some repairs, a boiler had a sudden breakdown
D. Property owned by another in the care of the insured was damaged in an accident to an
insured object, resulting in a claim by the owner of the property - CORRECT ANSWER-D.
, Property owned by another in the care of the insured was damaged in an accident to an insured
object, resulting in a claim by the owner of the property
The Homeowner's, HO3 policy will provide coverage for a student away at college as long as the
student's premises was not unoccupied more than how many days prior to the loss?
Select one:
A. 60 days
B. 30 days
C. 90 days
D. 45 days - CORRECT ANSWER-C. 90 days
Florida Statutes establish standards, which must be met by Medicare Supplement insurance.
Which of the following is not a standard?
Select one:
A. The policy may not limit coverage for more than 6 months because of a pre-existing health
condition
B. Policies must be written in understandable language
C. The policy is returnable within one year for full premium refund
D. The policy must be accompanied by an outline of coverage and a Medicare Supplement
Buyer's Guide - CORRECT ANSWER-C. The policy is returnable within one year for full premium
refund
Which of the following does not have an insurable interest in a property?
Select one:
A. A mortgage company
B. A friend who purchased insurance in his own name because the owner refuses to buy
insurance
C. The son of owner who expects to inherit property
D. A mother-in-law who gives cash as a gift - CORRECT ANSWER-D. A mother-in-law who gives
cash as a gift
