Florida 4-40 test exam with 100% correct answers.

Transferring the risk to an insurance company is known as what? - correct answer️️Insurance 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? - correct answer️️Endorsement George and Sandy only home which was damaged by fire who has insurable interest - correct answer️️George and Sandy What is the most common loss settlement valuation in the property policies? - correct answer️️Actual cash value 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 - correct answer️️Subrogation PIP - correct answer️️Personal Injury Protection Pip coverage is - correct answer️️Primary Tort Immunity - correct answer️️Relief for persons who have suffered harm from the wrongful acts of others Extend PIP - correct answer️️To fill percentage gaps Additional PIP increases limits to... - correct answer️️Increase dollar limit only 10,000 to 25,000 or more Under Florida law what are the benefits payable for medical expenses - correct answer️️80% Under Florida law what are the benefits payable for lost wages - correct answer️️Up to 60% Death benefits - correct answer️️5,000 Deductibles are how much - correct answer️️$250,$500,$1000 Cease to defend - correct answer️️Limits exhausted by payment Before an owner of a vehicle can't obtain a license plate and tag registration the owner must purchase PIP coverage in property damage liability coverage in the amount of - correct answer️️$10,000 When will the individuals be requested to prove they are financially capable three different times - correct answer️️At the time of an accident ( 2 )a major traffic violation and (3) an insurance vehicle is used in a felony The minimum liability limits bar - correct answer️️10/20/10 Which of the following does not trigger financial responsibility - correct answer️️An accident with a small amount of property damage FR-44 is for - correct answer️️People who are convicted of dui or dwi If convicted of a dui or dwi insured must - correct answer️️Piggy 100% of the premium in advance also carry 100/300/50 liability insurance coverage for 3 years How long with the insured receive medical care when qualifying under medical payments - correct answer️️Medical Expenses and funeral services three years from date of accident regardless of fault 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? - correct answer️️Medical payments There is no deductible on - correct answer️️Windshield damage Rental coverage cost - correct answer️️$20 a day / $600 maximum 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 - correct answer️️The extended non-owned endorsement 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? - correct answer️️The miscellaneous type vehicle endorsement What is that Applicable time frame for insurer to send Notification of cancellation or non-renewal - correct answer️️45 days What is not eligible for Fajua? - correct answer️️A nonresident owning property in Florida Which of the following is the policy term for a used car on a mechanical breakdown policy - correct answer️️12,000 or 12 months Car rental reimbursement - correct answer️️$15 per day / $75 maximum When does the personal auto policy cease to defend the insured - correct answer️️When the limits are exhausted by payments HO-2 (broad form) - correct answer️️covers the dwelling, other structures, and personal property on a named perils basis