FLORIDA 2-15 INSURANCE LICENSE III EXAM QUESTIONS WITH
COMPLETE SOLUTIONS GUARANTEED PASS 2025/2026
9. The following are basic characteristics of a property or liability insurance contract,
except: A. Personal Contract
B. Conditional Contract
C. Loss of Settlement Contract
D. Contract of Adhesion: C. Loss of Settlement Contract
10. The Insurer's responsibility to pay for a property loss may be conditioned on the
insured having used reasonable means to avoid the loss, to protect the property against
further loss, and to give the insurer proof of the loss is defined as?
A. Conditional Contract
B. Adhesion Contract
C. Indemnity Contract
D. All of the Above: A. Conditional Contract
"may be conditioned"
11. Which of the following is not one of the "Thresholds" in the "No-Fault" law?
A. Death of the Insured
B. Temporary Injury of the Insured
C. A permanent loss of a bodily function
,D. Permanent scarring on the face of the insured: B. Temporary Injury of the
Insured
Also included: permanent injury other than scarring and disfigurement
12. Under Mechanical Breakdown Coverage, new cars are eligible for service up to:
A. 36 Months/36,000 Miles
B. 24 Months/36,000 Miles
C. 12,000 Months/12,000 Miles
D. 12 Months/36,000 Miles: A. 36 Months/36,000 Miles Used vehicles: 12 Months/12,000
Miles
13. If financial responsibility doesn't exist at the time of an accident, which of the following
things must happen to avoid penalties?
A. The legally valid claims of others must be satisfied (up to 10/20/10)
B. The owner and operator must provide certification of future responsibility for future
accidents
C. Both A & B
D. None of the Above: C. Both A & B
,14. As to required proof for future accidents by purchase of auto liability in- surance, the
insurer must make a filing (Form SR-22) certifying that coverage is in effect, and this
certification must remain on file for years:
A. 1
B. 3
C. 4
D. 2: B. 3
15. The Business Automobile Policy includes all of the following coverage forms except:
A. The Garage Coverage Form
B. The Trailer Interchange Coverage Form
C. The Truckers Coverage Form
D. The Business Auto Coverage Form: B. The Trailer Interchange Coverage
Form
16. Personal Injury Protection, or PIP, has a per person, per accident limit.
A. 10,000
B. 20,000
C. 1,000
D. Depends on the damaged property: A. 10,000
17. Used to insure businesses engaged in selling, servicing, repairing, park- ing or storing
automobiles: A. Servicing Coverage Form
, B. Garage Coverage Form
C. Truckers Coverage Form
D. None of the Above: B. Garage Coverage Form
18. The following examples are referred to as liability limits:
25/50/25 or 10/20/10.
A. Split
B. Single
C. Straight
D. None of the Above: A. Split
10/20/10 =
10,000 per person injured
20,000 all injuries combined
10,000 property damage
Example of straight liability limit = $30,000
19. Jeremy has a not at fault accident. If he has PIP with a $1,000 deductible, how much
can he expect his PIP coverage to pay toward his medical bills that total $3,000?
A. $1,600
B. $1,000
C. $2,400
D. $3,000: A. $1,600
3000 (bills) - 1000 (deductible) =
2000 x .80 (eighty percent)
COMPLETE SOLUTIONS GUARANTEED PASS 2025/2026
9. The following are basic characteristics of a property or liability insurance contract,
except: A. Personal Contract
B. Conditional Contract
C. Loss of Settlement Contract
D. Contract of Adhesion: C. Loss of Settlement Contract
10. The Insurer's responsibility to pay for a property loss may be conditioned on the
insured having used reasonable means to avoid the loss, to protect the property against
further loss, and to give the insurer proof of the loss is defined as?
A. Conditional Contract
B. Adhesion Contract
C. Indemnity Contract
D. All of the Above: A. Conditional Contract
"may be conditioned"
11. Which of the following is not one of the "Thresholds" in the "No-Fault" law?
A. Death of the Insured
B. Temporary Injury of the Insured
C. A permanent loss of a bodily function
,D. Permanent scarring on the face of the insured: B. Temporary Injury of the
Insured
Also included: permanent injury other than scarring and disfigurement
12. Under Mechanical Breakdown Coverage, new cars are eligible for service up to:
A. 36 Months/36,000 Miles
B. 24 Months/36,000 Miles
C. 12,000 Months/12,000 Miles
D. 12 Months/36,000 Miles: A. 36 Months/36,000 Miles Used vehicles: 12 Months/12,000
Miles
13. If financial responsibility doesn't exist at the time of an accident, which of the following
things must happen to avoid penalties?
A. The legally valid claims of others must be satisfied (up to 10/20/10)
B. The owner and operator must provide certification of future responsibility for future
accidents
C. Both A & B
D. None of the Above: C. Both A & B
,14. As to required proof for future accidents by purchase of auto liability in- surance, the
insurer must make a filing (Form SR-22) certifying that coverage is in effect, and this
certification must remain on file for years:
A. 1
B. 3
C. 4
D. 2: B. 3
15. The Business Automobile Policy includes all of the following coverage forms except:
A. The Garage Coverage Form
B. The Trailer Interchange Coverage Form
C. The Truckers Coverage Form
D. The Business Auto Coverage Form: B. The Trailer Interchange Coverage
Form
16. Personal Injury Protection, or PIP, has a per person, per accident limit.
A. 10,000
B. 20,000
C. 1,000
D. Depends on the damaged property: A. 10,000
17. Used to insure businesses engaged in selling, servicing, repairing, park- ing or storing
automobiles: A. Servicing Coverage Form
, B. Garage Coverage Form
C. Truckers Coverage Form
D. None of the Above: B. Garage Coverage Form
18. The following examples are referred to as liability limits:
25/50/25 or 10/20/10.
A. Split
B. Single
C. Straight
D. None of the Above: A. Split
10/20/10 =
10,000 per person injured
20,000 all injuries combined
10,000 property damage
Example of straight liability limit = $30,000
19. Jeremy has a not at fault accident. If he has PIP with a $1,000 deductible, how much
can he expect his PIP coverage to pay toward his medical bills that total $3,000?
A. $1,600
B. $1,000
C. $2,400
D. $3,000: A. $1,600
3000 (bills) - 1000 (deductible) =
2000 x .80 (eighty percent)
