FLORIDA 2-20 GENERAL LINES AGENT LICENSE
CERTIFICATION EVALUATION EXAMS 2026
QUESTIONS WITH SOLUTIONS GUARANTEED
PASS
◉ abandonment clause. Answer: A clause often contained in
property insurance policies stating that the insured cannot abandon
damaged property to the insurer and demand to be reimbursed for
its full value
◉ Accounts receivable coverage forms. Answer: An inland marine
coverage form which insures against loss the insured suffers
because of an inability to collect from customers when account
receivable records are damaged
◉ Actual cash value (acv). Answer: The cost to replace an item of
property at the time of loss plus an allowance for depreciation. Often
to determine amount of reimbursement for lost ( replacement cost -
depreciation)
◉ Admitted aircraft liability coverage. Answer: A coverage
sometimes written in conjunction with aircraft passenger liability
which can provide reimbursement for death or dismemberment
without requiring legal action
,◉ Aggregate Limit. Answer: Type of policy limit found in liability
policies which limits coverage to a specified total amount for all
losses occurring within the policy period.
◉ Agreed Value. Answer: Written with property insurance policies.
It waives the coinsurance clause and requires the insured to carry
insurance equal to at least 80% of a signed statement of values filed
with the company.
◉ Aircraft Hull Insurance. Answer: Physical damage insurance
provided to cover the loss or damage to an insured aircraft, in
motion, not in motion or both.
◉ Aircraft Liability Insurance. Answer: Coverage written to cover
public and passenger liability and property damage liability
◉ Airport and Air Meet Liability. Answer: Coverage that provides
protection to airports for bodily injury and property damage liability
◉ Allied Lines. Answer: Property coverages which are closely
associated and frequently sold with fire insurance: Dwelling
insurance, Earthquake insurance, Sprinkler Leakage.
,◉ All Risk Insurance. Answer: Better known as "open perils"
insurance, it is insurance protecting the insured from loss arising
from any peril other than those perils specifically excluded by name.
This contrast with Name Peril insurance, which names the peril or
perils insured against.
◉ Annual Transit Policy. Answer: Inland Marine transportation
insurance which insures a property owner for goods being
transported.
◉ Appraisal Clause. Answer: Clause which provides an appraisal
procedure when the insured and the insurer are in disagreement
regarding the amount of a loss. Insured and insurer each choose an
appraiser, who, failing, to agree, select an umpire. Agreement of any
two of the three will be decisive.
◉ Assignment Clause. Answer: A condition in insurance policies that
specifies that transferring the policy to another is not valid unless
the company consent to it in writing.
◉ Automobile Mechanical Breakdown Insurance. Answer: Coverage
designed to indemnify against the costs of mechanical failures or
breakdowns not covered under the dealer's or manufacturer's
warranty.
, ◉ Avaition Insurance. Answer: Insurance which provides both
liability and physical damage (also called Aircraft Hull insurance)
coverage for aircraft. Liability coverage available separately for
hangarkeepers and airport owners or operator.
◉ Bail Bond. Answer: Surety bond that guarantees that the principal
will appear in criminal proceedings.
◉ Bailee. Answer: One who has temporary custody of property
belonging to another. i.e. dry cleaners
◉ Bailee's Policy. Answer: Inland Marine insurance obtained by a
bailee, to cover loss or damage to customers' property in the bailee's
custody, without regard to liability.
◉ Barratry. Answer: Illegal acts committed willfully by a ship's
master or crew for the purpose of damaging the ship or cargo. This
Ocean Marine peril includes hijacking, abandonment and
embezzlement of cargo.
◉ Bid Bonds. Answer: Type of Contract bond which guarantees the
obligee that if a contractor's bid is accepted, the contractor will
provide the required performance bond.
CERTIFICATION EVALUATION EXAMS 2026
QUESTIONS WITH SOLUTIONS GUARANTEED
PASS
◉ abandonment clause. Answer: A clause often contained in
property insurance policies stating that the insured cannot abandon
damaged property to the insurer and demand to be reimbursed for
its full value
◉ Accounts receivable coverage forms. Answer: An inland marine
coverage form which insures against loss the insured suffers
because of an inability to collect from customers when account
receivable records are damaged
◉ Actual cash value (acv). Answer: The cost to replace an item of
property at the time of loss plus an allowance for depreciation. Often
to determine amount of reimbursement for lost ( replacement cost -
depreciation)
◉ Admitted aircraft liability coverage. Answer: A coverage
sometimes written in conjunction with aircraft passenger liability
which can provide reimbursement for death or dismemberment
without requiring legal action
,◉ Aggregate Limit. Answer: Type of policy limit found in liability
policies which limits coverage to a specified total amount for all
losses occurring within the policy period.
◉ Agreed Value. Answer: Written with property insurance policies.
It waives the coinsurance clause and requires the insured to carry
insurance equal to at least 80% of a signed statement of values filed
with the company.
◉ Aircraft Hull Insurance. Answer: Physical damage insurance
provided to cover the loss or damage to an insured aircraft, in
motion, not in motion or both.
◉ Aircraft Liability Insurance. Answer: Coverage written to cover
public and passenger liability and property damage liability
◉ Airport and Air Meet Liability. Answer: Coverage that provides
protection to airports for bodily injury and property damage liability
◉ Allied Lines. Answer: Property coverages which are closely
associated and frequently sold with fire insurance: Dwelling
insurance, Earthquake insurance, Sprinkler Leakage.
,◉ All Risk Insurance. Answer: Better known as "open perils"
insurance, it is insurance protecting the insured from loss arising
from any peril other than those perils specifically excluded by name.
This contrast with Name Peril insurance, which names the peril or
perils insured against.
◉ Annual Transit Policy. Answer: Inland Marine transportation
insurance which insures a property owner for goods being
transported.
◉ Appraisal Clause. Answer: Clause which provides an appraisal
procedure when the insured and the insurer are in disagreement
regarding the amount of a loss. Insured and insurer each choose an
appraiser, who, failing, to agree, select an umpire. Agreement of any
two of the three will be decisive.
◉ Assignment Clause. Answer: A condition in insurance policies that
specifies that transferring the policy to another is not valid unless
the company consent to it in writing.
◉ Automobile Mechanical Breakdown Insurance. Answer: Coverage
designed to indemnify against the costs of mechanical failures or
breakdowns not covered under the dealer's or manufacturer's
warranty.
, ◉ Avaition Insurance. Answer: Insurance which provides both
liability and physical damage (also called Aircraft Hull insurance)
coverage for aircraft. Liability coverage available separately for
hangarkeepers and airport owners or operator.
◉ Bail Bond. Answer: Surety bond that guarantees that the principal
will appear in criminal proceedings.
◉ Bailee. Answer: One who has temporary custody of property
belonging to another. i.e. dry cleaners
◉ Bailee's Policy. Answer: Inland Marine insurance obtained by a
bailee, to cover loss or damage to customers' property in the bailee's
custody, without regard to liability.
◉ Barratry. Answer: Illegal acts committed willfully by a ship's
master or crew for the purpose of damaging the ship or cargo. This
Ocean Marine peril includes hijacking, abandonment and
embezzlement of cargo.
◉ Bid Bonds. Answer: Type of Contract bond which guarantees the
obligee that if a contractor's bid is accepted, the contractor will
provide the required performance bond.
