Florida General Lines Agent Exam 2024.
Questions & 5-Star Rated Correct Answers.
Graded A+
A contractor hired a subcontractor and the subcontractor negligently left a pit
open at the job site and a child fell in the hole and was injured. Would the
contractor be held liable for the negligence of the subcontractor? - ANSThe
contractor would be held legally liability for the actions of any employee under
the vicarious liability law.
A contractor's employee fell off a roof he was repairing for the contractor and was
injured. What CGL coverage would respond to the worker's injury? - ANSNo CGL
coverage would respond to employee injuries
A customer was injured from a condition that existed on the premises of an
insured's business. What CGL coverage would protect the business owner should
the customer sue for legal damages? - ANSThe premises liability coverage.
A Florida resident with 10/20/10 liability limits got in an accident in a state that
requires 25/50/10 liability limits under that state financial responsibility law.
What limit would apply to the accident in the other state? - ANS25/50/10, the
other state required limit would apply
,A Florida resident with physical damage coverage subject to a deductible of $500
got in an accident that damage the auto glass and it would cost $1,500 to repair.
What coverage would apply to the glass damage? - ANS$1,500 (no deductible
apply to glass damage in Florida
A homeowner hired a contractor to installed carpet and his son was injured
during the installation of the carpet. What CGL coverage would protect the
contractor if the homeowner sued for the injury of his son?
a.The operations liability coverage
b.The products liability coverage
c.The premises liability coverage
d.The completed operations liability coverage - ANSb
A person was injured due to tainted food delivered at his home by a restaurant.
What CGL coverage would cover the restaurant owner should the person sue for
legal damages? - ANSThe product liability coverage.
A person was injured from gas escaping from a gas pipe after a contractor
installed a gas heater. What CGL coverage would cover the contractor should the
person sue for legal damages? - ANSThe completed operations liability coverage
,A person who does not own an auto, but is required to comply (file SR-22) with
Florida financial responsibility law for use of non-own vehicles, can purchase? -
ANSThe named non-owner policy
A policy with one limit that would apply to all losses that occur during the policy
period would be considered as what type of liability limit? - ANSaggregate limit of
liability
A property is insured with a franchise deductible of $500 and there is a $5,000
loss. What amount of the loss would be payable by the insurer? - ANS$5,000 (the
entire loss would be paid as the loss exceed the deductible).
A property policy is insured with a standard deductible of $500 and there is a loss
of $5,000. What would the insurer pay for the loss? - ANS$4,500 ($5,000 - $500)
A property valued at $100,000 is insured for $56,000 on a property policy that has
a coinsurance requirement of 80%. What amount of the loss is payable by the
insurer if there is a loss of $20,000? The coinsurance formula is C / R x L where C is
the amount of insurance CARRIED by the insured on the property. R is the amount
of insurance coverage REQUIRED by the insurer based on the coinsurance
requirement and L is the amount of the LOSS. The amount payable for the loss
would be? - ANSloss would be $14,000 ($56,000 / $80,000 (80% of $100,000) x
$20,000.
, A statement of fact that is made part of an insurance contract and a breach would
result in the contract being voidable by the insurer is?
a.A concealment
b.A representation
c.A misrepresentation
d.A warranty - ANSd
All of the following are coverages under the garage liability coverage except?
a.Liability resulting from the premises of a garage business
b.All are covered
c.Liability arising from the operations of a garage business
d.Liability arising from defective products and faulty workmanship - ANSb
An agreement that pays on behalf of an insured as defined by the policy or
coverage the amount that the insurer is legally liable for up to the limits of the
policy is considered? - ANSlegal liability
An insured auto is insured for $30,000 liability coverage that applies to both
bodily injury and property damage would be considered as?
a.Single limit of liability
b.Total liability
c.Aggregate limit of liability
Questions & 5-Star Rated Correct Answers.
Graded A+
A contractor hired a subcontractor and the subcontractor negligently left a pit
open at the job site and a child fell in the hole and was injured. Would the
contractor be held liable for the negligence of the subcontractor? - ANSThe
contractor would be held legally liability for the actions of any employee under
the vicarious liability law.
A contractor's employee fell off a roof he was repairing for the contractor and was
injured. What CGL coverage would respond to the worker's injury? - ANSNo CGL
coverage would respond to employee injuries
A customer was injured from a condition that existed on the premises of an
insured's business. What CGL coverage would protect the business owner should
the customer sue for legal damages? - ANSThe premises liability coverage.
A Florida resident with 10/20/10 liability limits got in an accident in a state that
requires 25/50/10 liability limits under that state financial responsibility law.
What limit would apply to the accident in the other state? - ANS25/50/10, the
other state required limit would apply
,A Florida resident with physical damage coverage subject to a deductible of $500
got in an accident that damage the auto glass and it would cost $1,500 to repair.
What coverage would apply to the glass damage? - ANS$1,500 (no deductible
apply to glass damage in Florida
A homeowner hired a contractor to installed carpet and his son was injured
during the installation of the carpet. What CGL coverage would protect the
contractor if the homeowner sued for the injury of his son?
a.The operations liability coverage
b.The products liability coverage
c.The premises liability coverage
d.The completed operations liability coverage - ANSb
A person was injured due to tainted food delivered at his home by a restaurant.
What CGL coverage would cover the restaurant owner should the person sue for
legal damages? - ANSThe product liability coverage.
A person was injured from gas escaping from a gas pipe after a contractor
installed a gas heater. What CGL coverage would cover the contractor should the
person sue for legal damages? - ANSThe completed operations liability coverage
,A person who does not own an auto, but is required to comply (file SR-22) with
Florida financial responsibility law for use of non-own vehicles, can purchase? -
ANSThe named non-owner policy
A policy with one limit that would apply to all losses that occur during the policy
period would be considered as what type of liability limit? - ANSaggregate limit of
liability
A property is insured with a franchise deductible of $500 and there is a $5,000
loss. What amount of the loss would be payable by the insurer? - ANS$5,000 (the
entire loss would be paid as the loss exceed the deductible).
A property policy is insured with a standard deductible of $500 and there is a loss
of $5,000. What would the insurer pay for the loss? - ANS$4,500 ($5,000 - $500)
A property valued at $100,000 is insured for $56,000 on a property policy that has
a coinsurance requirement of 80%. What amount of the loss is payable by the
insurer if there is a loss of $20,000? The coinsurance formula is C / R x L where C is
the amount of insurance CARRIED by the insured on the property. R is the amount
of insurance coverage REQUIRED by the insurer based on the coinsurance
requirement and L is the amount of the LOSS. The amount payable for the loss
would be? - ANSloss would be $14,000 ($56,000 / $80,000 (80% of $100,000) x
$20,000.
, A statement of fact that is made part of an insurance contract and a breach would
result in the contract being voidable by the insurer is?
a.A concealment
b.A representation
c.A misrepresentation
d.A warranty - ANSd
All of the following are coverages under the garage liability coverage except?
a.Liability resulting from the premises of a garage business
b.All are covered
c.Liability arising from the operations of a garage business
d.Liability arising from defective products and faulty workmanship - ANSb
An agreement that pays on behalf of an insured as defined by the policy or
coverage the amount that the insurer is legally liable for up to the limits of the
policy is considered? - ANSlegal liability
An insured auto is insured for $30,000 liability coverage that applies to both
bodily injury and property damage would be considered as?
a.Single limit of liability
b.Total liability
c.Aggregate limit of liability
