FL GENERAL LINES EXAM 2-20 TEST BANK
NEWEST ACTUAL EXAM WITH COMPLETE
QUESTIONS AND DETAILED ANSWERS
GRADED A | BRAND NEW!!!
C - ✔✔✔ Correct Answer > Which one of the following is not an
eligibility guideline imposed by the business owner`s policy for
an apartment house or residential condominium association
building?
Choose one answer.
a. Contractors, which do not occupy more than 7,500 square
feet or more that 15% of the total floor area
b. Permitted incidental occupancies include: eligible offices;
eligible wholesalers, mercantile, processing and service
occupancies not exceeding 25,000 square feet
c. Permitted incidental occupancies include: eligible offices;
eligible wholesalers, mercantile, processing and service
occupancies not exceeding 20,000 square feet
d. All of the answers are eligible
,A - ✔✔✔ Correct Answer > Which of the following is not an
eligibility guideline imposed by the business owner`s policy for
trade contractors?
Choose one answer.
a. All of the answers are correct are eligible
b. The trade contractor may not have more than $300,000 of
annual payroll
c. Trade contractors whose work is primarily a single specialty
(plumbing) if the building or tenant does not exceed 25,000
square feet and gross sales do not exceed $3,000,000
d. The trade contractor may not work on building over 3 stories
C - ✔✔✔ Correct Answer > Which of the following coverage
parts is not eligible for a commercial package policy?
Choose one answer.
a. Commercial Inland Marine
b. Boiler and Machinery
c. Commercial Surety
d. Commercial Crime
,D- No coverage if operated more than 50 miles beyond the limit
in the declaration - ✔✔✔ Correct Answer > 83. All of the
following are exclusions found in aircraft policies EXCEPT:
A- No coverage if the FAA airworthiness certificate is not in full
force
B- No coverage if maintained or used for purpose beyond use
classification
C- No coverage if operated by other than pilot declarations
D- No coverage if operated more than 50 miles beyond the limit
in the declaration
C- Valued policy - ✔✔✔ Correct Answer > 84. Most Aircraft Hull
policies pay on the basis of:
A- ACV
B- Replacement cost
C- Valued policy
D- Fair market value
D- Exclude coverage while aircraft is in flight - ✔✔✔ Correct
Answer > 85. If FAA has granted a special permit or waiver to
an insured under aircraft insurance, the effect of flying while
under such permit or waiver would be to:
, A- Reinstate Suspended Coverage
B- Reinstate coverage provisionally
C- Cancel policy
D- Exclude coverage while aircraft is in flight
D- All Damage Not excluded to aircraft of others stored for
safekeeping or repair - ✔✔✔ Correct Answer > 86.
Hangarkeepers Liability typically covers:
A- BI and PD arising from use, operation and maintenance of
hangars
B- Named Perils Damage to Hangarkeeper's own aircraft
C- All Damage Not excluded to Hangarkeeper's aircraft
D- All Damage Not excluded to aircraft of others stored for
safekeeping or repair
B- Cargo Liability - ✔✔✔ Correct Answer > 87. Damage to
baggage on an airplane is covered under:
A- Property Damage Liability
B- Cargo Liability
C- Hangarkeepers Liability
D- Product Liability
NEWEST ACTUAL EXAM WITH COMPLETE
QUESTIONS AND DETAILED ANSWERS
GRADED A | BRAND NEW!!!
C - ✔✔✔ Correct Answer > Which one of the following is not an
eligibility guideline imposed by the business owner`s policy for
an apartment house or residential condominium association
building?
Choose one answer.
a. Contractors, which do not occupy more than 7,500 square
feet or more that 15% of the total floor area
b. Permitted incidental occupancies include: eligible offices;
eligible wholesalers, mercantile, processing and service
occupancies not exceeding 25,000 square feet
c. Permitted incidental occupancies include: eligible offices;
eligible wholesalers, mercantile, processing and service
occupancies not exceeding 20,000 square feet
d. All of the answers are eligible
,A - ✔✔✔ Correct Answer > Which of the following is not an
eligibility guideline imposed by the business owner`s policy for
trade contractors?
Choose one answer.
a. All of the answers are correct are eligible
b. The trade contractor may not have more than $300,000 of
annual payroll
c. Trade contractors whose work is primarily a single specialty
(plumbing) if the building or tenant does not exceed 25,000
square feet and gross sales do not exceed $3,000,000
d. The trade contractor may not work on building over 3 stories
C - ✔✔✔ Correct Answer > Which of the following coverage
parts is not eligible for a commercial package policy?
Choose one answer.
a. Commercial Inland Marine
b. Boiler and Machinery
c. Commercial Surety
d. Commercial Crime
,D- No coverage if operated more than 50 miles beyond the limit
in the declaration - ✔✔✔ Correct Answer > 83. All of the
following are exclusions found in aircraft policies EXCEPT:
A- No coverage if the FAA airworthiness certificate is not in full
force
B- No coverage if maintained or used for purpose beyond use
classification
C- No coverage if operated by other than pilot declarations
D- No coverage if operated more than 50 miles beyond the limit
in the declaration
C- Valued policy - ✔✔✔ Correct Answer > 84. Most Aircraft Hull
policies pay on the basis of:
A- ACV
B- Replacement cost
C- Valued policy
D- Fair market value
D- Exclude coverage while aircraft is in flight - ✔✔✔ Correct
Answer > 85. If FAA has granted a special permit or waiver to
an insured under aircraft insurance, the effect of flying while
under such permit or waiver would be to:
, A- Reinstate Suspended Coverage
B- Reinstate coverage provisionally
C- Cancel policy
D- Exclude coverage while aircraft is in flight
D- All Damage Not excluded to aircraft of others stored for
safekeeping or repair - ✔✔✔ Correct Answer > 86.
Hangarkeepers Liability typically covers:
A- BI and PD arising from use, operation and maintenance of
hangars
B- Named Perils Damage to Hangarkeeper's own aircraft
C- All Damage Not excluded to Hangarkeeper's aircraft
D- All Damage Not excluded to aircraft of others stored for
safekeeping or repair
B- Cargo Liability - ✔✔✔ Correct Answer > 87. Damage to
baggage on an airplane is covered under:
A- Property Damage Liability
B- Cargo Liability
C- Hangarkeepers Liability
D- Product Liability
