Florida 4-40 test question and answers
1. Transferring the risk to an insurance company is known as what?: Insurance
2. When the insured request to have the company change a condition or
provision in an insurance policy the document attach to the policy is referred
to as what?: Endorsement
3. George and Sandy only home which was damaged by fire who has insurable
interest: George and Sandy
4. What is the most common loss settlement valuation in the property poli-
cies?: Actual cash value
5. The insurance company pays the insured for damages that should have
been collected from the app fault party now the insured right to seek damages
from the airport party are transferred to his insurance company what best
describes this concept: Subrogation
6. PIP: Personal Injury Protection
7. Pip coverage is: Primary
8. Tort Immunity: Relief for persons who have suffered harm from the wrongful acts
of others
9. Extend PIP: To fill percentage gaps
10. Additional PIP increases limits to...: Increase dollar limit only 10,000 to 25,000
or more
11. Under Florida law what are the benefits payable for medical expenses: 80%
12. Under Florida law what are the benefits payable for lost wages: Up to 60%
13. Death benefits: 5,000
14. Deductibles are how much: $250,$500,$1000
15. Cease to defend: Limits exhausted by payment
16. Before an owner of a vehicle can't obtain a license plate and tag regis-
tration the owner must purchase PIP coverage in property damage liability
coverage in the amount of: $10,000
17. When will the individuals be requested to prove they are financially capable
three different times: At the time of an accident ( 2 )a major traffic violation and (3)
an insurance vehicle is used in a felony
18. The minimum liability limits bar: 10/20/10
19. Which of the following does not trigger financial responsibility: An accident
with a small amount of property damage
20. FR-44 is for: People who are convicted of dui or dwi
21. If convicted of a dui or dwi insured must: Piggy 100% of the premium in
advance also carry 100/300/50 liability insurance coverage for 3 years
22. How long with the insured receive medical care when qualifying under
medical payments: Medical Expenses and funeral services three years from date
of accident regardless of fault
, Florida 4-40 test question and answers
23. Jon is walking across the street to go to the county fair and he is trucks
as a pedestrian buy a motorcycle which of the following provides coverage?-
: Medical payments
24. There is no deductible on: Windshield damage
25. Rental coverage cost: $20 a day / $600 maximum
26. If the insured wants to purchase coverage for a non-owned auto when he
uses the vehicle for business or the car is furnished or his regular use or when
he carries people or property for a fee what would he purchase: The extended
non-owned endorsement
27. If the insured wants to purchase coverage for a motorhome motorcycle all
terrain vehicle golf cart or June buggy how can he acquire the coverage under
Pap?: The miscellaneous type vehicle endorsement
28. What is that Applicable time frame for insurer to send Notification of
cancellation or non-renewal: 45 days
29. What is not eligible for Fajua?: A nonresident owning property in Florida
30. Which of the following is the policy term for a used car on a mechanical
breakdown policy: 12,000 or 12 months
31. Car rental reimbursement: $15 per day / $75 maximum
32. When does the personal auto policy cease to defend the insured: When the
limits are exhausted by payments
33. HO-2 (broad form): covers the dwelling, other structures, and personal property
on a named perils basis
34. HO-3 (special form): covers the dwelling and other structures on a risk-of-di-
rect-physical loss basis. All direct physical losses are covered except those losses
specifically excluded. Personal property is covered on a named perils basis
35. HO-4: renters insurance
36. HO-5: Comprehensive Form
37. HO-6: condominium owners
38. HO-7: covers mobile homes and house trailers
39. The insured is renting a condominium in which his family resides what is
the best homeowners policy to sell him: Ho4
40. Under the homeowners policy H03 which of the following would be consid-
ered an insured: The named insured's 25-year-old son living at home
41. Which of the following is not covered under coverage a dwelling: The land
under the house
42. Other structures classified as a detached garage shed pool or fence are
covered under which: Coverage b
43. Which of the following would be covered under property under insurance
H03 policy: Theft of jewelry up to $1500
1. Transferring the risk to an insurance company is known as what?: Insurance
2. When the insured request to have the company change a condition or
provision in an insurance policy the document attach to the policy is referred
to as what?: Endorsement
3. George and Sandy only home which was damaged by fire who has insurable
interest: George and Sandy
4. What is the most common loss settlement valuation in the property poli-
cies?: Actual cash value
5. The insurance company pays the insured for damages that should have
been collected from the app fault party now the insured right to seek damages
from the airport party are transferred to his insurance company what best
describes this concept: Subrogation
6. PIP: Personal Injury Protection
7. Pip coverage is: Primary
8. Tort Immunity: Relief for persons who have suffered harm from the wrongful acts
of others
9. Extend PIP: To fill percentage gaps
10. Additional PIP increases limits to...: Increase dollar limit only 10,000 to 25,000
or more
11. Under Florida law what are the benefits payable for medical expenses: 80%
12. Under Florida law what are the benefits payable for lost wages: Up to 60%
13. Death benefits: 5,000
14. Deductibles are how much: $250,$500,$1000
15. Cease to defend: Limits exhausted by payment
16. Before an owner of a vehicle can't obtain a license plate and tag regis-
tration the owner must purchase PIP coverage in property damage liability
coverage in the amount of: $10,000
17. When will the individuals be requested to prove they are financially capable
three different times: At the time of an accident ( 2 )a major traffic violation and (3)
an insurance vehicle is used in a felony
18. The minimum liability limits bar: 10/20/10
19. Which of the following does not trigger financial responsibility: An accident
with a small amount of property damage
20. FR-44 is for: People who are convicted of dui or dwi
21. If convicted of a dui or dwi insured must: Piggy 100% of the premium in
advance also carry 100/300/50 liability insurance coverage for 3 years
22. How long with the insured receive medical care when qualifying under
medical payments: Medical Expenses and funeral services three years from date
of accident regardless of fault
, Florida 4-40 test question and answers
23. Jon is walking across the street to go to the county fair and he is trucks
as a pedestrian buy a motorcycle which of the following provides coverage?-
: Medical payments
24. There is no deductible on: Windshield damage
25. Rental coverage cost: $20 a day / $600 maximum
26. If the insured wants to purchase coverage for a non-owned auto when he
uses the vehicle for business or the car is furnished or his regular use or when
he carries people or property for a fee what would he purchase: The extended
non-owned endorsement
27. If the insured wants to purchase coverage for a motorhome motorcycle all
terrain vehicle golf cart or June buggy how can he acquire the coverage under
Pap?: The miscellaneous type vehicle endorsement
28. What is that Applicable time frame for insurer to send Notification of
cancellation or non-renewal: 45 days
29. What is not eligible for Fajua?: A nonresident owning property in Florida
30. Which of the following is the policy term for a used car on a mechanical
breakdown policy: 12,000 or 12 months
31. Car rental reimbursement: $15 per day / $75 maximum
32. When does the personal auto policy cease to defend the insured: When the
limits are exhausted by payments
33. HO-2 (broad form): covers the dwelling, other structures, and personal property
on a named perils basis
34. HO-3 (special form): covers the dwelling and other structures on a risk-of-di-
rect-physical loss basis. All direct physical losses are covered except those losses
specifically excluded. Personal property is covered on a named perils basis
35. HO-4: renters insurance
36. HO-5: Comprehensive Form
37. HO-6: condominium owners
38. HO-7: covers mobile homes and house trailers
39. The insured is renting a condominium in which his family resides what is
the best homeowners policy to sell him: Ho4
40. Under the homeowners policy H03 which of the following would be consid-
ered an insured: The named insured's 25-year-old son living at home
41. Which of the following is not covered under coverage a dwelling: The land
under the house
42. Other structures classified as a detached garage shed pool or fence are
covered under which: Coverage b
43. Which of the following would be covered under property under insurance
H03 policy: Theft of jewelry up to $1500
