FLORIDA PROPERTY & CASUALTY
INSURANCE ACTUAL EXAM QUESTIONS AND
ANSWERS LATEST UPDATED 2025 RATED A+
AND 100% GUARANTEE PASS (NEWLY
RELEASED!!!!!!!)
Pays for physical damage to the business' vehicle resulting
from contact with another object: - CORRECT ANSWER-collision
Homeowners HO-3 policy - severe theft loss. Coverage A limit is
$100,000. Insured losses include $25,000 furniture, clothing
and other ordinary personal property plus $5,000 damage to
guns and $5,000 damage to jewelry, furs. Insured will recover: -
CORRECT ANSWER-29 k Personal Property is typically 50% of the
dwelling, which in this case is $100,000. Therefore, we know
the insured has up to $50,000 for Personal Property. So,
$25,000 is allowed for furniture, clothing and other ordinary
personal property. $2,500 is allowed for damage to guns.
$1,500 is allowed for damage to jewelry, furs
All of the following are considered Aircraft Liability Coverages
EXCEPT: - CORRECT ANSWER-medical liability
Jenny and Sue are riding with Jim in Jim's car. All individuals
are Florida residents who own cars and carry basic PIP with no
deductible. Jenny has $4,000 in medical bills, Sue has $12,000
in medical bills and Jim has $20,000 in medical bills. How
much will PIP pay for Sue? - CORRECT ANSWER-9,600
,The Discovery Period is: - CORRECT ANSWER-12 months or within
60 days after its expiration
Which of the following is NOT true of the Supplemental
Extended Reporting Period? - CORRECT ANSWER-provides for one
new aggregate limit
The internal limits for hazardous substances and ammonia
contamination in the Small Business Boiler and Machinery
Broad Form is: - CORRECT ANSWER-25k
Which of the following is NOT covered under an Aircraft
Liability Policy? - CORRECT ANSWER-cargo liability
Under a Boiler and Machinery Coverage Form, the insurer will
defend the insured against claims or suits arising out of covered
occurrences. What is the dollar limit for this coverage? - CORRECT
ANSWER-no limit
What is the standard deductible for Employee Theft coverage? -
CORRECT ANSWER-$500
The Forgery or Alteration coverage under a Businessowners
Policy is: - CORRECT ANSWER-$2,000
How many hours of continuing education is a newly licensed
agent required to have for their first Continuing Education
compliance period? - CORRECT ANSWER-24
,Which of the following is NOT true regarding sole proprietors
and partners in the non-construction industry as they relate to
Workers Compensation? - CORRECT ANSWER-A maximum of three
can elect to be covered
Which of the following is not a way to purchase Uninsured
Motorist Coverage? - CORRECT ANSWER-More than your bodily
injury limits
Camden's Wood Shop will be dropping off new cabinets at a
jobsite on Monday, but will not actually install them until
Tuesday. What kind of policy will they need to cover any loss to
the cabinets? - CORRECT ANSWER-Installation Floater
This Hospital Form applies with "medical incident" defined as
an act or omission in furnishing of professional services related
to making of a blood donation under the supervision of the
insured: - CORRECT ANSWER-Blood Banks
Which of the following is not a valid deductible for hurricane in
the Dwelling program? - CORRECT ANSWER-1%
If a loss occurs under the Building and Personal Property
Coverage Form with the optional replacement cost provision,
how long does the insured have to give intent to replace the
damaged item in order to receive replacement cost adjustment?
- CORRECT ANSWER-180
Which of the following is NOT a common deductible in an
Aircraft Hull Policy? - CORRECT ANSWER-2%
, How many insuring agreements are there in a Commercial
Crime Policy? - CORRECT ANSWER-7
Barry was driving his car in Florida where he has lived all his
life when he is hit by an at-fault driver. Barry has $10,000 in
medical bills, basic PIP with a $1,000 deductible and no
medical payments coverage. How much will the at-fault driver
have to pay for Barry's injuries? - CORRECT ANSWER-$2,800
- $10,000 - $1,000 = $9,000 x 80% = $7,200, the amount paid
out by PIP. Barry can hold the at-fault driver responsible for the
difference of PIPs maximum limit of $10,000 and the $7,200,
which is $2,800
During a break-in at a business, the safe is removed from the
location. This is defined as: - CORRECT ANSWER-Safe Burglary
The Boiler and Machinery Policy provides automatic coverage
for boilers at newly acquired locations for: - CORRECT ANSWER-90
days
Which of the following statements is false regarding
CoPayment: - CORRECT ANSWER-Subject to a minimum amount
Which statement below best describes the insured's position
under the Florida No-Fault Law when the total medical and
work loss bill exceeds the PIP benefits without exceeding a
threshold? - CORRECT ANSWER-Insured can sue for the economic
loss not paid or payable under PIP; no suit for intangible
damages such as pain and suffering
INSURANCE ACTUAL EXAM QUESTIONS AND
ANSWERS LATEST UPDATED 2025 RATED A+
AND 100% GUARANTEE PASS (NEWLY
RELEASED!!!!!!!)
Pays for physical damage to the business' vehicle resulting
from contact with another object: - CORRECT ANSWER-collision
Homeowners HO-3 policy - severe theft loss. Coverage A limit is
$100,000. Insured losses include $25,000 furniture, clothing
and other ordinary personal property plus $5,000 damage to
guns and $5,000 damage to jewelry, furs. Insured will recover: -
CORRECT ANSWER-29 k Personal Property is typically 50% of the
dwelling, which in this case is $100,000. Therefore, we know
the insured has up to $50,000 for Personal Property. So,
$25,000 is allowed for furniture, clothing and other ordinary
personal property. $2,500 is allowed for damage to guns.
$1,500 is allowed for damage to jewelry, furs
All of the following are considered Aircraft Liability Coverages
EXCEPT: - CORRECT ANSWER-medical liability
Jenny and Sue are riding with Jim in Jim's car. All individuals
are Florida residents who own cars and carry basic PIP with no
deductible. Jenny has $4,000 in medical bills, Sue has $12,000
in medical bills and Jim has $20,000 in medical bills. How
much will PIP pay for Sue? - CORRECT ANSWER-9,600
,The Discovery Period is: - CORRECT ANSWER-12 months or within
60 days after its expiration
Which of the following is NOT true of the Supplemental
Extended Reporting Period? - CORRECT ANSWER-provides for one
new aggregate limit
The internal limits for hazardous substances and ammonia
contamination in the Small Business Boiler and Machinery
Broad Form is: - CORRECT ANSWER-25k
Which of the following is NOT covered under an Aircraft
Liability Policy? - CORRECT ANSWER-cargo liability
Under a Boiler and Machinery Coverage Form, the insurer will
defend the insured against claims or suits arising out of covered
occurrences. What is the dollar limit for this coverage? - CORRECT
ANSWER-no limit
What is the standard deductible for Employee Theft coverage? -
CORRECT ANSWER-$500
The Forgery or Alteration coverage under a Businessowners
Policy is: - CORRECT ANSWER-$2,000
How many hours of continuing education is a newly licensed
agent required to have for their first Continuing Education
compliance period? - CORRECT ANSWER-24
,Which of the following is NOT true regarding sole proprietors
and partners in the non-construction industry as they relate to
Workers Compensation? - CORRECT ANSWER-A maximum of three
can elect to be covered
Which of the following is not a way to purchase Uninsured
Motorist Coverage? - CORRECT ANSWER-More than your bodily
injury limits
Camden's Wood Shop will be dropping off new cabinets at a
jobsite on Monday, but will not actually install them until
Tuesday. What kind of policy will they need to cover any loss to
the cabinets? - CORRECT ANSWER-Installation Floater
This Hospital Form applies with "medical incident" defined as
an act or omission in furnishing of professional services related
to making of a blood donation under the supervision of the
insured: - CORRECT ANSWER-Blood Banks
Which of the following is not a valid deductible for hurricane in
the Dwelling program? - CORRECT ANSWER-1%
If a loss occurs under the Building and Personal Property
Coverage Form with the optional replacement cost provision,
how long does the insured have to give intent to replace the
damaged item in order to receive replacement cost adjustment?
- CORRECT ANSWER-180
Which of the following is NOT a common deductible in an
Aircraft Hull Policy? - CORRECT ANSWER-2%
, How many insuring agreements are there in a Commercial
Crime Policy? - CORRECT ANSWER-7
Barry was driving his car in Florida where he has lived all his
life when he is hit by an at-fault driver. Barry has $10,000 in
medical bills, basic PIP with a $1,000 deductible and no
medical payments coverage. How much will the at-fault driver
have to pay for Barry's injuries? - CORRECT ANSWER-$2,800
- $10,000 - $1,000 = $9,000 x 80% = $7,200, the amount paid
out by PIP. Barry can hold the at-fault driver responsible for the
difference of PIPs maximum limit of $10,000 and the $7,200,
which is $2,800
During a break-in at a business, the safe is removed from the
location. This is defined as: - CORRECT ANSWER-Safe Burglary
The Boiler and Machinery Policy provides automatic coverage
for boilers at newly acquired locations for: - CORRECT ANSWER-90
days
Which of the following statements is false regarding
CoPayment: - CORRECT ANSWER-Subject to a minimum amount
Which statement below best describes the insured's position
under the Florida No-Fault Law when the total medical and
work loss bill exceeds the PIP benefits without exceeding a
threshold? - CORRECT ANSWER-Insured can sue for the economic
loss not paid or payable under PIP; no suit for intangible
damages such as pain and suffering
