FLORIDA INSURANCE PERSONAL LINES
LICENSE 20 44 TEST PAPER 2026 VERIFIED
SOLUTIONS PASS GUARANTEE GRADED A+
⩥ What does the bankruptcy provision in a personal auto policy state?
Answer: Bankruptcy of the insured will not relieve the insurer of its
policy obligations.
⩥ What do policy conditions define?
Answer: How parties to the contract must act following a loss.
⩥ When is liability coverage included in a homeowners policy?
Answer: It is included automatically.
⩥ What describes contributory negligence?
Answer: Any degree of negligence by the injured party may bar
recovery.
⩥ According to the Insured Duties after a Loss provision, within how
many days must the insured provide a signed, sworn proof of loss if
required by the insurer?
Answer: 60 days
,⩥ Who is responsible for filling out a notice of claim form?
Answer: Insured
⩥ What is insurance a contract for?
Answer: To protect another from loss.
⩥ What is a common exclusion found under physical damage to your
auto?
Answer: Mechanical breakdown.
⩥ What type of losses are excluded by most insurance policies?
Answer: Losses by mysterious disappearance.
⩥ What must be furnished by the insured to the insurer before any loss
under a policy can be paid?
Answer: Proof of loss.
⩥ What is true regarding single dwellings insured to at least 80% of the
replacement value?
Answer: They are automatically provided with replacement cost
coverage.
,⩥ What is the process of determining the premium charged and how
much insurance is required for a particular loss called?
Answer: Loss valuation.
⩥ What type of information is found in a policy's insuring agreement?
Answer: Insurer's obligations to provide coverage.
⩥ What must an insurer do before offering to pay a claimant to settle a
claim under professional liability?
Answer: Get the insured's consent.
⩥ What part of the policy sets forth the rules of conduct, duties, and
obligations of the parties?
Answer: Conditions.
⩥ Which types of insurance are covered under the Terrorism Risk
Insurance Act (TRIA)?
Answer: Commercial property and liability insurance.
⩥ What is insurance the transfer of?
Answer: Risk.
, ⩥ What is the legal process that gives the insurer the right to seek
recovery from a third party after payment of a loss?
Answer: Subrogation.
⩥ What is subrogation in insurance?
Answer: A provision that gives the insurer rights to recovery against a
third party after paying a loss.
⩥ Which vehicles are considered owned autos in auto insurance?
Answer: All vehicles owned by the named insured, excluding those
primarily used for business.
⩥ What are the essential elements of a legally binding insurance
contract?
Answer: Offer and acceptance, consideration, competent parties, and
legal purpose.
⩥ How is risk defined in insurance?
Answer: The uncertainty or chance of loss.
⩥ Who qualifies as a competent party in an insurance contract?
Answer: An individual who is of legal age and mentally competent.
LICENSE 20 44 TEST PAPER 2026 VERIFIED
SOLUTIONS PASS GUARANTEE GRADED A+
⩥ What does the bankruptcy provision in a personal auto policy state?
Answer: Bankruptcy of the insured will not relieve the insurer of its
policy obligations.
⩥ What do policy conditions define?
Answer: How parties to the contract must act following a loss.
⩥ When is liability coverage included in a homeowners policy?
Answer: It is included automatically.
⩥ What describes contributory negligence?
Answer: Any degree of negligence by the injured party may bar
recovery.
⩥ According to the Insured Duties after a Loss provision, within how
many days must the insured provide a signed, sworn proof of loss if
required by the insurer?
Answer: 60 days
,⩥ Who is responsible for filling out a notice of claim form?
Answer: Insured
⩥ What is insurance a contract for?
Answer: To protect another from loss.
⩥ What is a common exclusion found under physical damage to your
auto?
Answer: Mechanical breakdown.
⩥ What type of losses are excluded by most insurance policies?
Answer: Losses by mysterious disappearance.
⩥ What must be furnished by the insured to the insurer before any loss
under a policy can be paid?
Answer: Proof of loss.
⩥ What is true regarding single dwellings insured to at least 80% of the
replacement value?
Answer: They are automatically provided with replacement cost
coverage.
,⩥ What is the process of determining the premium charged and how
much insurance is required for a particular loss called?
Answer: Loss valuation.
⩥ What type of information is found in a policy's insuring agreement?
Answer: Insurer's obligations to provide coverage.
⩥ What must an insurer do before offering to pay a claimant to settle a
claim under professional liability?
Answer: Get the insured's consent.
⩥ What part of the policy sets forth the rules of conduct, duties, and
obligations of the parties?
Answer: Conditions.
⩥ Which types of insurance are covered under the Terrorism Risk
Insurance Act (TRIA)?
Answer: Commercial property and liability insurance.
⩥ What is insurance the transfer of?
Answer: Risk.
, ⩥ What is the legal process that gives the insurer the right to seek
recovery from a third party after payment of a loss?
Answer: Subrogation.
⩥ What is subrogation in insurance?
Answer: A provision that gives the insurer rights to recovery against a
third party after paying a loss.
⩥ Which vehicles are considered owned autos in auto insurance?
Answer: All vehicles owned by the named insured, excluding those
primarily used for business.
⩥ What are the essential elements of a legally binding insurance
contract?
Answer: Offer and acceptance, consideration, competent parties, and
legal purpose.
⩥ How is risk defined in insurance?
Answer: The uncertainty or chance of loss.
⩥ Who qualifies as a competent party in an insurance contract?
Answer: An individual who is of legal age and mentally competent.
