FLORIDA INSURANCE PERSONAL LINES
LICENSE 20 44 PRACTICE SOLUTION 2026
QUESTIONS AND ANSWERS VERIFIED
GRADED A+
⩥ Florida Valued Policy Law.
Answer: If a total loss occurs from a covered peril, the insurer must pay
the full face value.
⩥ Deductible rule for hurricane coverage in Florida.
Answer: It's an annual deductible, typically 2%, 5%, or 10% of the
dwelling limit.
⩥ Proof of loss submission timeline.
Answer: Within 60 days unless otherwise stated in the policy.
⩥ Clause that helps settle disputes over loss amount.
Answer: Appraisal Clause
⩥ Subrogation.
Answer: The insurer's right to recover from a third party after paying a
claim.
, ⩥ Valued Policy.
Answer: A policy that pays the insured based on a fixed value regardless
of actual loss.
⩥ Requirement for Citizens Property Insurance Corporation coverage.
Answer: Applicant must be unable to get coverage from a private
insurer.
⩥ Difference between replacement cost and actual cash value (ACV).
Answer: ACV = Replacement Cost - Depreciation.
⩥ Liberalization Clause.
Answer: If the insurer broadens coverage at no additional premium, the
insured automatically gets the benefit.
⩥ Essential elements of an insurance contract.
Answer: B. Representation is NOT one of the four essential elements.
⩥ Clause requiring the insured to protect property from further damage
after a loss.
Answer: Duties After a Loss.
LICENSE 20 44 PRACTICE SOLUTION 2026
QUESTIONS AND ANSWERS VERIFIED
GRADED A+
⩥ Florida Valued Policy Law.
Answer: If a total loss occurs from a covered peril, the insurer must pay
the full face value.
⩥ Deductible rule for hurricane coverage in Florida.
Answer: It's an annual deductible, typically 2%, 5%, or 10% of the
dwelling limit.
⩥ Proof of loss submission timeline.
Answer: Within 60 days unless otherwise stated in the policy.
⩥ Clause that helps settle disputes over loss amount.
Answer: Appraisal Clause
⩥ Subrogation.
Answer: The insurer's right to recover from a third party after paying a
claim.
, ⩥ Valued Policy.
Answer: A policy that pays the insured based on a fixed value regardless
of actual loss.
⩥ Requirement for Citizens Property Insurance Corporation coverage.
Answer: Applicant must be unable to get coverage from a private
insurer.
⩥ Difference between replacement cost and actual cash value (ACV).
Answer: ACV = Replacement Cost - Depreciation.
⩥ Liberalization Clause.
Answer: If the insurer broadens coverage at no additional premium, the
insured automatically gets the benefit.
⩥ Essential elements of an insurance contract.
Answer: B. Representation is NOT one of the four essential elements.
⩥ Clause requiring the insured to protect property from further damage
after a loss.
Answer: Duties After a Loss.
