FLORIDA PROPERTY & CASUALTY INSURANCE,
FLORIDA 2-20 AGENTS LICENSE 500+EXAM
QUESTIONS TEST BANK TESTED AND VERIFIED|
ACCURATE FOR GUARANTEED PASS| GRADED A+
1)Florida follows the which theory of mortgages? - ANSWER Lien theory
2)A termination notice provision in a lease for a tenancy for years may not require
more than __ days' notice. - ANSWER 60
3) With regard to a month-to-month periodic tenancy in Florida, how much notice
must a residential tenant give a landlord? - ANSWER Fifteen days prior to the end
of any monthly period
4) Does Florida allow self help as a landlord/tenant remedy? - ANSWER No
5)A policy condition, either based on information in the insureds application or
inserted by the insurer, is defined as: - ANSWER Warranty
6) Which of the following pays an agreed dollar limit for each day of total
interruption, or a proportionate part of that limit for partial interruption? -
ANSWER Valued Business Interruption
7) Which of the following is NOT a characteristic of the Small Business Boiler and
Machinery Policy? - ANSWER Business interruption is 25% of the limit but not an
additional amount
8) In the Business Income Coverage Form, the Maximum Period of Indemnity
option gives coverage for how many days? - ANSWER 120 days
9) All licensed residential property insurance companies in Florida must accept this
form when reporting mitigation features: - ANSWER Uniform Mitigation
Verification Inspection Form
,10) ABC Health Insurer does not renew your policy since renewals are being
declined on all similar policies within the state of Florida. What type of policy is
this? - ANSWER Conditionally Renewable
11) All of the following are rating elements for the Business Auto Coverage Form
EXCEPT: - ANSWER Age of the driver(s)
12) When the insured transfers his rights against the other party to his insurer it is
defined as: - ANSWER Subrogation
13) Which of the following is NOT covered under an Aircraft Liability Policy? -
ANSWER Cargo Liability
14) In a residential context, if a violation cannot be cured in seven days, the
landlord may? - ANSWER evict the tenant and give him seven days to vacate the
premises.
15) In a nonresidential context, if the tenant pays rent after it comes due and the
landlord accepts it, the acceptance is treated as? - ANSWER a waiver of the right
to evict.
16) A tenant who remains on the premises beyond the end of the lease is liable for?
- ANSWER double the rent due.
17) If there is a problem in multifamily dwelling, how long does the landlord have
to comply with his duty to repair? - ANSWER 7 days
18) In Florida, what is a landlord's obligation with respect to delivering possession
of the premises? - ANSWER The landlord must deliver physical possession.
19) In Florida, is extrinsic evidence admissible to help identify an inadequately
described property? - ANSWER Yes
20) In Florida, when a land sale contract violates the Statute of Frauds, what is
required in order to seek specific performance of the contract based on partial
performance? - ANSWER 1: Payment of all or part of the purchase price
2: Possession of the property by the purchaser
3: Substantial improvement of the property by the purchaser
, 21)In Florida, how many years must possession be continuous and uninterrupted
for adverse possession to ripen into good title? - ANSWER Seven
22) What type of recording statute is in effect in Florida? - ANSWER Notice
23) Florida's anti-lapse statute applies to? - ANSWER Gifts intended for a relative
who predecease the testator but leave surviving issue.
24) In Florida, Tenants in possession of a property that has been foreclosed are
generally protected by? - ANSWER the Protecting Tenants in Foreclosure Act.
25) In Florida, when a piece of property has been sold at auction for failure to pay
taxes, the winning bidder receives a _____________________. - ANSWER tax
deed
26) In Florida, an easement by prescription is created by continuous, actual, open,
and hostile use for __________ years. - ANSWER 20
27) Under the Marketable Record Titles Act, encumbrances on real property may
be terminated __________ years after the initial recording if they are not properly
preserved or reaffirmed. - ANSWER 30
28) A homeowners' or condominium association lien is effective from _________ .
However, as to first mortgages of record, the lien is effective from __________. -
ANSWER the date when the original declaration of community was recorded; the
date the lien was recorded
29) What vested rights do riparian (i.e., river or lakefront) or littoral (i.e.,
oceanfront) owners have with respect to the water? - ANSWER access, view, and
navigation
30) What may a landlord do when a tenant continues possession after the
expiration of the rental agreement (i.e., " holds over")? - ANSWER The landlord
may (1) file an action for possession and collect double the rent due until the tenant
surrenders possession, (2) recover possession when the tenant surrenders it,
abandons the property, or dies leaving an unpaid rent balance.
31) In Florida, when a grantor makes a conveyance without words of limitation
(e.g., "O to A"), what type of estate does the grantee hold? - ANSWER Fee simple
absolute
, 32) In Florida, most reverter and forfeiture provisions are limited to _______ years
from the date of conveyance. - ANSWER 21
33) In Florida, when a grantor attempts to convey a fee tail (e.g., "O to A and the
heirs of his body"), what type of present possessory estate is created? - ANSWER
Life estate
34) How long is the "wait and see" period under Florida's Uniform Statutory Rule
Against Perpetuities? - ANSWER 90 years
35) Which is the default form of concurrent ownership? - ANSWER Tenancy in
common
36) A residential landlord has _______ days to return any money and interest
deposited by the tenant as security OR _______ days to provide the tenant with
written notice by certified mail to the tenant's last known address of the intention to
impose, and reasons for imposing, a claim on the deposit. The tenant has _______
days to object. - ANSWER 15; 30; 15
37) What is the requirement for executing a deed in Florida? - ANSWER must be
signed in the presence of two subscribing witnesses
38) In Florida, a person claiming adverse possession both with and without color
of title must show by clear and convincing evidence that possession is actual,
continuous, and uninterrupted for a period of at least ______ years. - ANSWER 7
39) What is required to demonstrate standing to foreclose on a mortgage and note
in Florida? - ANSWER The claimant must demonstrate it owns the note and
mortgage and acquired that ownership before filing the action.
40) A joint tenant may grant a mortgage in her joint tenancy interest. Because
Florida is a ______ theory state, the mortgage constitutes ____________. -
ANSWER lien; a lien on the property
41) Florida continues to adhere to the common law period of ____ years for
establishing an easement by prescription. - ANSWER 20
FLORIDA 2-20 AGENTS LICENSE 500+EXAM
QUESTIONS TEST BANK TESTED AND VERIFIED|
ACCURATE FOR GUARANTEED PASS| GRADED A+
1)Florida follows the which theory of mortgages? - ANSWER Lien theory
2)A termination notice provision in a lease for a tenancy for years may not require
more than __ days' notice. - ANSWER 60
3) With regard to a month-to-month periodic tenancy in Florida, how much notice
must a residential tenant give a landlord? - ANSWER Fifteen days prior to the end
of any monthly period
4) Does Florida allow self help as a landlord/tenant remedy? - ANSWER No
5)A policy condition, either based on information in the insureds application or
inserted by the insurer, is defined as: - ANSWER Warranty
6) Which of the following pays an agreed dollar limit for each day of total
interruption, or a proportionate part of that limit for partial interruption? -
ANSWER Valued Business Interruption
7) Which of the following is NOT a characteristic of the Small Business Boiler and
Machinery Policy? - ANSWER Business interruption is 25% of the limit but not an
additional amount
8) In the Business Income Coverage Form, the Maximum Period of Indemnity
option gives coverage for how many days? - ANSWER 120 days
9) All licensed residential property insurance companies in Florida must accept this
form when reporting mitigation features: - ANSWER Uniform Mitigation
Verification Inspection Form
,10) ABC Health Insurer does not renew your policy since renewals are being
declined on all similar policies within the state of Florida. What type of policy is
this? - ANSWER Conditionally Renewable
11) All of the following are rating elements for the Business Auto Coverage Form
EXCEPT: - ANSWER Age of the driver(s)
12) When the insured transfers his rights against the other party to his insurer it is
defined as: - ANSWER Subrogation
13) Which of the following is NOT covered under an Aircraft Liability Policy? -
ANSWER Cargo Liability
14) In a residential context, if a violation cannot be cured in seven days, the
landlord may? - ANSWER evict the tenant and give him seven days to vacate the
premises.
15) In a nonresidential context, if the tenant pays rent after it comes due and the
landlord accepts it, the acceptance is treated as? - ANSWER a waiver of the right
to evict.
16) A tenant who remains on the premises beyond the end of the lease is liable for?
- ANSWER double the rent due.
17) If there is a problem in multifamily dwelling, how long does the landlord have
to comply with his duty to repair? - ANSWER 7 days
18) In Florida, what is a landlord's obligation with respect to delivering possession
of the premises? - ANSWER The landlord must deliver physical possession.
19) In Florida, is extrinsic evidence admissible to help identify an inadequately
described property? - ANSWER Yes
20) In Florida, when a land sale contract violates the Statute of Frauds, what is
required in order to seek specific performance of the contract based on partial
performance? - ANSWER 1: Payment of all or part of the purchase price
2: Possession of the property by the purchaser
3: Substantial improvement of the property by the purchaser
, 21)In Florida, how many years must possession be continuous and uninterrupted
for adverse possession to ripen into good title? - ANSWER Seven
22) What type of recording statute is in effect in Florida? - ANSWER Notice
23) Florida's anti-lapse statute applies to? - ANSWER Gifts intended for a relative
who predecease the testator but leave surviving issue.
24) In Florida, Tenants in possession of a property that has been foreclosed are
generally protected by? - ANSWER the Protecting Tenants in Foreclosure Act.
25) In Florida, when a piece of property has been sold at auction for failure to pay
taxes, the winning bidder receives a _____________________. - ANSWER tax
deed
26) In Florida, an easement by prescription is created by continuous, actual, open,
and hostile use for __________ years. - ANSWER 20
27) Under the Marketable Record Titles Act, encumbrances on real property may
be terminated __________ years after the initial recording if they are not properly
preserved or reaffirmed. - ANSWER 30
28) A homeowners' or condominium association lien is effective from _________ .
However, as to first mortgages of record, the lien is effective from __________. -
ANSWER the date when the original declaration of community was recorded; the
date the lien was recorded
29) What vested rights do riparian (i.e., river or lakefront) or littoral (i.e.,
oceanfront) owners have with respect to the water? - ANSWER access, view, and
navigation
30) What may a landlord do when a tenant continues possession after the
expiration of the rental agreement (i.e., " holds over")? - ANSWER The landlord
may (1) file an action for possession and collect double the rent due until the tenant
surrenders possession, (2) recover possession when the tenant surrenders it,
abandons the property, or dies leaving an unpaid rent balance.
31) In Florida, when a grantor makes a conveyance without words of limitation
(e.g., "O to A"), what type of estate does the grantee hold? - ANSWER Fee simple
absolute
, 32) In Florida, most reverter and forfeiture provisions are limited to _______ years
from the date of conveyance. - ANSWER 21
33) In Florida, when a grantor attempts to convey a fee tail (e.g., "O to A and the
heirs of his body"), what type of present possessory estate is created? - ANSWER
Life estate
34) How long is the "wait and see" period under Florida's Uniform Statutory Rule
Against Perpetuities? - ANSWER 90 years
35) Which is the default form of concurrent ownership? - ANSWER Tenancy in
common
36) A residential landlord has _______ days to return any money and interest
deposited by the tenant as security OR _______ days to provide the tenant with
written notice by certified mail to the tenant's last known address of the intention to
impose, and reasons for imposing, a claim on the deposit. The tenant has _______
days to object. - ANSWER 15; 30; 15
37) What is the requirement for executing a deed in Florida? - ANSWER must be
signed in the presence of two subscribing witnesses
38) In Florida, a person claiming adverse possession both with and without color
of title must show by clear and convincing evidence that possession is actual,
continuous, and uninterrupted for a period of at least ______ years. - ANSWER 7
39) What is required to demonstrate standing to foreclose on a mortgage and note
in Florida? - ANSWER The claimant must demonstrate it owns the note and
mortgage and acquired that ownership before filing the action.
40) A joint tenant may grant a mortgage in her joint tenancy interest. Because
Florida is a ______ theory state, the mortgage constitutes ____________. -
ANSWER lien; a lien on the property
41) Florida continues to adhere to the common law period of ____ years for
establishing an easement by prescription. - ANSWER 20
