FLORIDA PERSONAL LINES LATEST UPDATED EXAMINATION
QUESTIONS WITH VERIFIED A+ ANSWERS
All of the following statements regarding the structure of a property policy are correct, except:
A.) Additional Coverages are added to the policy for an additional premium
B.) The insured's duties and obligations are listed in the Conditions section
C.) The Declarations page lists other parties that have an insurable interest in the property
D.) The Insuring Agreement describes the perils that are covered under the policy
A.) Additional Coverages are added to the policy for an additional premium
Which of the following is not a duty of the Department of Financial Services?
A.) Liquidate insurance companies
B.) Supervise methods of obtaining business
C.) Investigate fraud
D.) Enforces the Insurance Code by administering criminal penalties
D.) Enforces the Insurance Code by administering criminal penalties
Which coverage is written with a per occurrence limit?
A.) Advertising injury
B.) Strict liability
C.) Personal injury
D.) Bodily injury and property damage
D.) Bodily injury and property damage
Which of the following are true regarding uninsured/underinsured motorists coverage?
A.) UM/UIM limits are less than the bodily injury limits of the liability policy
B.) An insured may request limits that are less than the bodily injury limits
C.) Every auto liability policy must provide uninsured/underinsured motorists coverage
D.) UM/UIM coverage may not be rejected by the insured
B.) An insured may request limits that are less than the bodily injury limits
With regard to agent and adjuster licensing and investigations:
A.) The Chief Financial Officer does not impose penalties for violations of the Insurance Code
B.) The Department of Financial Services does not supervise agent licensing
C.) The Department of Financial Services does not investigate agents or adjusters
D.) The Department of Financial Services may interrogate an applicant or agent on any matter is
deemed necessary for the protection of the public
, D.) The Department of Financial Services may interrogate an applicant or agent on any matter is deemed
necessary for the protection of the public
The taking of property from inside the premises by a person committing forcible entry defines a:
A.) Burglary
B.) Mysterious disappearance
C.) Shoplifting
D.) Robbery
A.) Burglary
A manufacturer is held liable if a product caused an injury whether the product was or was not
defective. This describes what type of liability?
A.) Contingent liability
B.) Vicarious liability
C.) Strict liability
D.) Operations liability
C.) Strict liability
Which of the following indicates a disrupted chain of events that frees the defendant from liability?
A.) Lost cause
B.) Intervening cause
C.) Proximate cause
D.) Concurrent causation
B.) Intervening cause
Which of the following is a function of the Bureau of Financial Investigations?
A.) Act as a criminal justice agency within the Department of Financial Services
B.) Prosecute violations of Insurance or Criminal law
C.) Handle consumer complaints
D.) Supervise insurer and agent licensing
A.) Act as a criminal justice agency within the Department of Financial Services
The standard policy structure for insurance policies includes all of the following sections, except:
A.) Insuring Agreement
B.) Exclusions
C.) Conditions
D.) Duties
D.) Duties
QUESTIONS WITH VERIFIED A+ ANSWERS
All of the following statements regarding the structure of a property policy are correct, except:
A.) Additional Coverages are added to the policy for an additional premium
B.) The insured's duties and obligations are listed in the Conditions section
C.) The Declarations page lists other parties that have an insurable interest in the property
D.) The Insuring Agreement describes the perils that are covered under the policy
A.) Additional Coverages are added to the policy for an additional premium
Which of the following is not a duty of the Department of Financial Services?
A.) Liquidate insurance companies
B.) Supervise methods of obtaining business
C.) Investigate fraud
D.) Enforces the Insurance Code by administering criminal penalties
D.) Enforces the Insurance Code by administering criminal penalties
Which coverage is written with a per occurrence limit?
A.) Advertising injury
B.) Strict liability
C.) Personal injury
D.) Bodily injury and property damage
D.) Bodily injury and property damage
Which of the following are true regarding uninsured/underinsured motorists coverage?
A.) UM/UIM limits are less than the bodily injury limits of the liability policy
B.) An insured may request limits that are less than the bodily injury limits
C.) Every auto liability policy must provide uninsured/underinsured motorists coverage
D.) UM/UIM coverage may not be rejected by the insured
B.) An insured may request limits that are less than the bodily injury limits
With regard to agent and adjuster licensing and investigations:
A.) The Chief Financial Officer does not impose penalties for violations of the Insurance Code
B.) The Department of Financial Services does not supervise agent licensing
C.) The Department of Financial Services does not investigate agents or adjusters
D.) The Department of Financial Services may interrogate an applicant or agent on any matter is
deemed necessary for the protection of the public
, D.) The Department of Financial Services may interrogate an applicant or agent on any matter is deemed
necessary for the protection of the public
The taking of property from inside the premises by a person committing forcible entry defines a:
A.) Burglary
B.) Mysterious disappearance
C.) Shoplifting
D.) Robbery
A.) Burglary
A manufacturer is held liable if a product caused an injury whether the product was or was not
defective. This describes what type of liability?
A.) Contingent liability
B.) Vicarious liability
C.) Strict liability
D.) Operations liability
C.) Strict liability
Which of the following indicates a disrupted chain of events that frees the defendant from liability?
A.) Lost cause
B.) Intervening cause
C.) Proximate cause
D.) Concurrent causation
B.) Intervening cause
Which of the following is a function of the Bureau of Financial Investigations?
A.) Act as a criminal justice agency within the Department of Financial Services
B.) Prosecute violations of Insurance or Criminal law
C.) Handle consumer complaints
D.) Supervise insurer and agent licensing
A.) Act as a criminal justice agency within the Department of Financial Services
The standard policy structure for insurance policies includes all of the following sections, except:
A.) Insuring Agreement
B.) Exclusions
C.) Conditions
D.) Duties
D.) Duties
