Master Florida Property & Casualty Insurance
Exam | Questions with 100% Correct Answers |
Verified | Latest Update 2026
Save
Terms in this set (519)
The FAJUA is composed of: All companies licensed to write auto insurance in
Florida
A coverage that is similar to premises Airport and Air Meet Liability
and operations coverage in the
Commercial General Liability Policy
covering bodily injury and property
damage liability for aviation risks is
defined as:
Homeowners HO-3 policy - severe $29,000 less any deductible
theft loss. Coverage A limit is
$100,000. Insured losses include
$25,000 furniture, clothing and other
ordinary personal property plus
$5,000 damage to guns and $5,000
damage to jewelry, furs. Insured will
recover:
Each of the following divisions falls The Division of Consumer Activities
under The Department of Financial
Services EXCEPT?
,Which of the following provides for Outside the Premises
loss of money and securities outside
the premises in the care, custody and
control of a messenger or armored
car service resulting from theft,
disappearance, or destruction?
What is the standard All Perils $500
deductible in the Commercial
Property Policy?
Which of the following best Standard provisions form is written according to
describes a "Controlled" Inland filed rules and rates
Marine Form?
Under a Personal Articles Floater, Fine Arts
which of the following is covered as
valued property?
Under the Dwelling Program forms, 60 days
vandalism is not covered after the
building has been vacant for how
many days?
Under a Commercial General Liability 10
Contract, how many days notice of
cancellation must the insurer provide
for non-payment of premium?
, Under Additional Coverages, how $1,000
much applies for loss assessments
imposed by an association against
the insured for damage to property
caused by a peril insured against
under Coverage A?
The following are basic Loss Settlement Contract
characteristics of a Property or
Liability Insurance Contract EXCEPT:
Rob has PIP with a $1,000 deductible. $4,000
He has an auto accident causing - $6,000 - $1,000 deductible = $5,000 x 80% =
$6,000 in medical bills. How much $4,000
will his PIP pay?
QRS Construction Company wants Bid bond
to provide the local school district - The Bid Bond is required to accompany a bid for
with a price for building a new a contract which will require that the successful
grammar school. In order to accept bidder furnish further bond if awarded the job. The
the price, the school board needs a guarantee is that if the bid is accepted, the bidder
bond that would pay the difference will enter into the contract and will satisfy further
between QRS's price and the next bonding requirements for the job
highest price. What kind of bond
does QRS need to provide to the
school district?
Which of the following guarantees Payment Bond
the payment of materials in full upon
completion of the work?
Exam | Questions with 100% Correct Answers |
Verified | Latest Update 2026
Save
Terms in this set (519)
The FAJUA is composed of: All companies licensed to write auto insurance in
Florida
A coverage that is similar to premises Airport and Air Meet Liability
and operations coverage in the
Commercial General Liability Policy
covering bodily injury and property
damage liability for aviation risks is
defined as:
Homeowners HO-3 policy - severe $29,000 less any deductible
theft loss. Coverage A limit is
$100,000. Insured losses include
$25,000 furniture, clothing and other
ordinary personal property plus
$5,000 damage to guns and $5,000
damage to jewelry, furs. Insured will
recover:
Each of the following divisions falls The Division of Consumer Activities
under The Department of Financial
Services EXCEPT?
,Which of the following provides for Outside the Premises
loss of money and securities outside
the premises in the care, custody and
control of a messenger or armored
car service resulting from theft,
disappearance, or destruction?
What is the standard All Perils $500
deductible in the Commercial
Property Policy?
Which of the following best Standard provisions form is written according to
describes a "Controlled" Inland filed rules and rates
Marine Form?
Under a Personal Articles Floater, Fine Arts
which of the following is covered as
valued property?
Under the Dwelling Program forms, 60 days
vandalism is not covered after the
building has been vacant for how
many days?
Under a Commercial General Liability 10
Contract, how many days notice of
cancellation must the insurer provide
for non-payment of premium?
, Under Additional Coverages, how $1,000
much applies for loss assessments
imposed by an association against
the insured for damage to property
caused by a peril insured against
under Coverage A?
The following are basic Loss Settlement Contract
characteristics of a Property or
Liability Insurance Contract EXCEPT:
Rob has PIP with a $1,000 deductible. $4,000
He has an auto accident causing - $6,000 - $1,000 deductible = $5,000 x 80% =
$6,000 in medical bills. How much $4,000
will his PIP pay?
QRS Construction Company wants Bid bond
to provide the local school district - The Bid Bond is required to accompany a bid for
with a price for building a new a contract which will require that the successful
grammar school. In order to accept bidder furnish further bond if awarded the job. The
the price, the school board needs a guarantee is that if the bid is accepted, the bidder
bond that would pay the difference will enter into the contract and will satisfy further
between QRS's price and the next bonding requirements for the job
highest price. What kind of bond
does QRS need to provide to the
school district?
Which of the following guarantees Payment Bond
the payment of materials in full upon
completion of the work?
