FLORIDA 2-20 AGENTS LICENSE EXAM (ACTUAL 2025/ 2026)
QUESTIONS AND 100% CORRECT ANSWERS| GRADE A+
All of the following are BI and PD exclusions under the CGL
EXCEPT: - --Answers---Excessive Liability
All of the following can be an insured under the Lawyers
Professional Liability policy EXCEPT: - --Answers---Lawyers
for their services after termination
What is the basic limit that applies to each occurrence for BI
and PD under the CGL? - --Answers---$100,000
Basic limits for the Hospital Professional Liability form are: - -
-Answers---$250,000/$750,000
What is the basic limit for Fire Damage Liability under the
CGL? - --Answers---$500,000
In the Liability section of the Businessowners policy, the
General Aggregate limit is: - --Answers---Equal to twice the
Liability and Medical Expenses limit
All of the following are not true regarding property coverages
under the Businessowners policy EXCEPT: - --Answers---ACV
on personal property
,Under the Businessowners policy, mercantile, wholesaler,
service or processing risks gross sales cannot exceed: - --
Answers---$3,000,000 in gross sales
All of the following are Optional Coverages under the
Buisnessowners policy EXCEPT: - --Answers---Collapse
Property coverage under the Businessowners policy is
written: - --Answers---Open perils/endorsed for named perils
Business Income and Extra Expense under the
Businessowners policy includes all of the following EXCEPT: -
--Answers---$500,000 limit
What are Permanent Impairment benefits based on? - --
Answers---A medical impairment rating schedule approved by
the Division of Workers' Compensation
What are Temporary Partial benefits based on? - --Answers--
-Wage loss formula up to 104 weeks of impaired earnings
How can partners and sole proprietors elect to be covered for
WC? - --Answers---File election form with the Division
The 3 categories of benefits under the WC law are all of the
following EXCEPT: - --Answers---Household services up to 60
days
,Work that is to be completed in not over 10 days for less than
$500 and not in the employer's normal business is called: - --
Answers---Casual labor
How can a Corporate Officer be exempt from WC coverage? - -
-Answers---File a notice with the Division of Corporations
Inside the Premises - Theft of Money and Securities covers
loss of money and securities resulting from all the following
EXCEPT: - --Answers---Fraud
What is the standard deductible for Employee Theft? - --
Answers---$500
Employee Theft includes coverage for the following EXCEPT: -
--Answers---Work loss
If a loss is covered by recoverable insurance, the Crime policy
will be: - --Answers---Excess
Which additional insuring agreement, under the Crime Policy,
covers threats to do bodily harm to the insured, employee,
relative or invitee of either? - --Answers---Extortion
, What type of bond guarantees the principle will uphold the
oath of office and faithfully perform the duties of office? - --
Answers---Public Official Bond
What type of bond guarantees performance by a person
appointed by the court? - --Answers---Fiduciary and Court
Bonds
All of the following are controlled Commercial Inland Marine
lines EXCEPT: - --Answers---Annual Transit
The Commercial Property Floater Dealer's policy covers
primarily: - --Answers---Damage to merchandise while on
the business premises.
What is a unique peril for Dry Cleaners? - --Answers---
Confusion of goods
Which of the following is not a clause found in the Ocean
Marine policy? - --Answers---Port of Call Clause
What type of Ocean Marine deductible has no payment until the
loss reaches a certain limit? - --Answers---Franchise
deductible
The deductible for the Aircraft Hull policies is normally
expressed as: - --Answers---Percentage deductible
QUESTIONS AND 100% CORRECT ANSWERS| GRADE A+
All of the following are BI and PD exclusions under the CGL
EXCEPT: - --Answers---Excessive Liability
All of the following can be an insured under the Lawyers
Professional Liability policy EXCEPT: - --Answers---Lawyers
for their services after termination
What is the basic limit that applies to each occurrence for BI
and PD under the CGL? - --Answers---$100,000
Basic limits for the Hospital Professional Liability form are: - -
-Answers---$250,000/$750,000
What is the basic limit for Fire Damage Liability under the
CGL? - --Answers---$500,000
In the Liability section of the Businessowners policy, the
General Aggregate limit is: - --Answers---Equal to twice the
Liability and Medical Expenses limit
All of the following are not true regarding property coverages
under the Businessowners policy EXCEPT: - --Answers---ACV
on personal property
,Under the Businessowners policy, mercantile, wholesaler,
service or processing risks gross sales cannot exceed: - --
Answers---$3,000,000 in gross sales
All of the following are Optional Coverages under the
Buisnessowners policy EXCEPT: - --Answers---Collapse
Property coverage under the Businessowners policy is
written: - --Answers---Open perils/endorsed for named perils
Business Income and Extra Expense under the
Businessowners policy includes all of the following EXCEPT: -
--Answers---$500,000 limit
What are Permanent Impairment benefits based on? - --
Answers---A medical impairment rating schedule approved by
the Division of Workers' Compensation
What are Temporary Partial benefits based on? - --Answers--
-Wage loss formula up to 104 weeks of impaired earnings
How can partners and sole proprietors elect to be covered for
WC? - --Answers---File election form with the Division
The 3 categories of benefits under the WC law are all of the
following EXCEPT: - --Answers---Household services up to 60
days
,Work that is to be completed in not over 10 days for less than
$500 and not in the employer's normal business is called: - --
Answers---Casual labor
How can a Corporate Officer be exempt from WC coverage? - -
-Answers---File a notice with the Division of Corporations
Inside the Premises - Theft of Money and Securities covers
loss of money and securities resulting from all the following
EXCEPT: - --Answers---Fraud
What is the standard deductible for Employee Theft? - --
Answers---$500
Employee Theft includes coverage for the following EXCEPT: -
--Answers---Work loss
If a loss is covered by recoverable insurance, the Crime policy
will be: - --Answers---Excess
Which additional insuring agreement, under the Crime Policy,
covers threats to do bodily harm to the insured, employee,
relative or invitee of either? - --Answers---Extortion
, What type of bond guarantees the principle will uphold the
oath of office and faithfully perform the duties of office? - --
Answers---Public Official Bond
What type of bond guarantees performance by a person
appointed by the court? - --Answers---Fiduciary and Court
Bonds
All of the following are controlled Commercial Inland Marine
lines EXCEPT: - --Answers---Annual Transit
The Commercial Property Floater Dealer's policy covers
primarily: - --Answers---Damage to merchandise while on
the business premises.
What is a unique peril for Dry Cleaners? - --Answers---
Confusion of goods
Which of the following is not a clause found in the Ocean
Marine policy? - --Answers---Port of Call Clause
What type of Ocean Marine deductible has no payment until the
loss reaches a certain limit? - --Answers---Franchise
deductible
The deductible for the Aircraft Hull policies is normally
expressed as: - --Answers---Percentage deductible
