Florida Property & Casualty Insurance Exam 2025/2026| Actual Complete Real Exam
Questions and Correct Answers| Assured success| grade A+ 2025 Brand New Exam!!
all of the following are basic parts of an insurance contract EXCEPT
a) declarations
b) conditions
c) exclusions
d) binders - (answer)Binders
which of the following terms is used to describe an empty building that is not being used? -
(answer)Vacant
An insurance company takes possession of a damaged auto it has covered. when the company becomes
the legal owner of the auto, it is exercising the right of? - (answer)Salvage
all of the following are property coverage forms EXCEPT?
a) special
b)basic
c)broad
d)base - (answer)base
which of the following legal principles allows insurance companies to collect from a negligent third party
damages it paid to an insured? - (answer)Subrogation
transferring is a method of handling risk. which of the following best describes the concept of transfer? -
(answer)purchasing insurance
the insured has a named peril policy that covers hail, fire, wind, and lightning. which one of the following
events would be covered? - (answer)A roof that is damaged in an electrical storm
(TRIPRA) the federal govt's share of compensation that exceeds the insurer's TRIPRA deductible is -
(answer)80%
, Florida Property & Casualty Insurance Exam 2025/2026| Actual Complete Real Exam
Questions and Correct Answers| Assured success| grade A+ 2025 Brand New Exam!!
why do ins. policies usually define who is considered an insured under the policy? - (answer)to specify
who is covered in addition to the named insured
the federal govt. is not obligated under the TRIA to make payments for any portion of losses that exceed
how much annually? - (answer)$100 BILLION
in the insurance business, the insurance comp. is also known as the? - (answer)principle
an insurance company that sells insurance only to people who meet specific membership requirements
is known as what kind of ins. comp? - (answer)Fraternal
what is the actual cause of a loss? - (answer)peril
the purpose of insurance is to - (answer)Transfer risk
a warranty is a statement made by the applicant regarding the risk to be insured. which of the following
statements is NOT true about warranties? - (answer)A warranty must be refer to a material fact
all of the following are basic ways in which underwriters assign rates EXCEPT?
a) manual (class) rating
b) judgement rating
c) application rating
d) experience (merit) rating - (answer)c) application rating
Bob has a liability policy in the amount of 300/500/100 how much coverage does he have per
occurrence for property damage liability? - (answer)100,000
Questions and Correct Answers| Assured success| grade A+ 2025 Brand New Exam!!
all of the following are basic parts of an insurance contract EXCEPT
a) declarations
b) conditions
c) exclusions
d) binders - (answer)Binders
which of the following terms is used to describe an empty building that is not being used? -
(answer)Vacant
An insurance company takes possession of a damaged auto it has covered. when the company becomes
the legal owner of the auto, it is exercising the right of? - (answer)Salvage
all of the following are property coverage forms EXCEPT?
a) special
b)basic
c)broad
d)base - (answer)base
which of the following legal principles allows insurance companies to collect from a negligent third party
damages it paid to an insured? - (answer)Subrogation
transferring is a method of handling risk. which of the following best describes the concept of transfer? -
(answer)purchasing insurance
the insured has a named peril policy that covers hail, fire, wind, and lightning. which one of the following
events would be covered? - (answer)A roof that is damaged in an electrical storm
(TRIPRA) the federal govt's share of compensation that exceeds the insurer's TRIPRA deductible is -
(answer)80%
, Florida Property & Casualty Insurance Exam 2025/2026| Actual Complete Real Exam
Questions and Correct Answers| Assured success| grade A+ 2025 Brand New Exam!!
why do ins. policies usually define who is considered an insured under the policy? - (answer)to specify
who is covered in addition to the named insured
the federal govt. is not obligated under the TRIA to make payments for any portion of losses that exceed
how much annually? - (answer)$100 BILLION
in the insurance business, the insurance comp. is also known as the? - (answer)principle
an insurance company that sells insurance only to people who meet specific membership requirements
is known as what kind of ins. comp? - (answer)Fraternal
what is the actual cause of a loss? - (answer)peril
the purpose of insurance is to - (answer)Transfer risk
a warranty is a statement made by the applicant regarding the risk to be insured. which of the following
statements is NOT true about warranties? - (answer)A warranty must be refer to a material fact
all of the following are basic ways in which underwriters assign rates EXCEPT?
a) manual (class) rating
b) judgement rating
c) application rating
d) experience (merit) rating - (answer)c) application rating
Bob has a liability policy in the amount of 300/500/100 how much coverage does he have per
occurrence for property damage liability? - (answer)100,000
