Florida 2-20 Exam Questions And Answers
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Guaranteed Pass.
D. Bodily Injury or Property Damage caused by personal activities of the insured
or family members anywhere in the world - ANSWER -Personal Liability (Section
III) of a Homeowner's policy covers which of the following?
Select one:
A. Bodily Injury or Property Damage caused by war
B. Bodily Injury to a member of the household by a neighbor's dog
C. Damage to the insured's property caused by a visitor
D. Bodily Injury or Property Damage caused by personal activities of the insured
or family members anywhere in the world
D. Domestic servants in private homes - ANSWER -Which of the following
would not be considered an "employment" under the worker's compensation law?
Select one:
A. One or more employees in the construction industry
B. Private employments with four or more employees except in the construction
industry
C. Governmental employments regardless of the number of employees
D. Domestic servants in private homes
B. All of these ANSWERs are correct - ANSWER -Under the Commercial
Property policy, the Special Causes of Loss Form provides coverage for direct
physical loss unless the loss is from which one of the following perils?
Select one:
A. Employee dishonesty
B. All of these ANSWERs are correct
C. Zoning and planning errors
D. Wear and tear
A. Two acres or over - ANSWER -If Flood is confined to a single building, how
much area must be inundated in order for the Flood policy to provide coverage?
Select one:
A. Two acres or over
,B. One acre or over
C. Three acres or over
D. No limit
D. Additional Living Expense - ANSWER -Which of the following is not covered
by the Dwelling Policy DP1?
Select one:
A. Other Structures
B. Debris removal
C. Fair Rental Value
D. Additional Living Expense
C. 75% - ANSWER -Under the Commercial Property Policy, the Value Reporting
Form limits a settlement to which percentage if the first report is not filed on time?
Select one:
A. 50%
B. 80%
C. 75%
D. 90%
C. Unlimited - ANSWER -What is the maximum medical benefit under Workers'
Compensation?
Select one:
A. $5,000
B. 85 - 95% of loss of wages
C. Unlimited
D. 80% of medical costs
B. Bodily Injury to Mrs. Smith and damage to the kitchen but not the refrigerator -
ANSWER -An appliance store sells a refrigerator to Mrs. Smith. The refrigerator
is installed in Mrs. Smith's kitchen and after the installation had been completed,
the refrigerator blows up catching fire and damaging the kitchen and injuring Mrs.
Smith. The appliance store's Commercial General Liability policy covers?
Select one:
A. Bodily Injury to Mrs. Smith and damage to the, refrigerator, but not the kitchen
B. Bodily Injury to Mrs. Smith and damage to the kitchen but not the refrigerator
C. All losses are covered
D. Bodily Injury to Mrs. Smith only
, D. Sole proprietors and partners in the construction industry may not exempt
themselves from coverage - ANSWER -Which of the following is a true statement
concerning sole proprietors under the worker's compensation law?
Select one:
A. All partners are considered to be employers and may exempt themselves under
the law
B. A sole proprietor may elect to be exempt from coverage under the law
C. All of these ANSWERs are correct
D. Sole proprietors and partners in the construction industry may not exempt
themselves from coverage
D. The claim is covered by the carrier at the time of the incident since the incident
was reported during the policy period and the claim was made within five years of
expiration of the claims made policy - ANSWER -The insured has a Commercial
General Liability policy written on a Claims Made basis. During the policy term an
incident occurred and was reported to the agent. No claim was made until two
years after expiration of the policy and after coverage had been renewed by another
insurer. Which of the following describes how the insurer will respond?
Select one:
A. The claim will be paid by the current insurance company
B. The claim will be denied because the Statute of Limitations has expired
C. The claim will be denied because the claim was not presented during the policy
period
D. The claim is covered by the carrier at the time of the incident since the incident
was reported during the policy period and the claim was made within five years of
expiration of the claims made policy
D. One who may transact property insurance, casualty insurance, surety insurance,
health insurance, and marine insurance in the State of Florida - ANSWER -A
General Lines Agent is:
Select one:
A. A personal lines agent who has not complied with the continuing education
requirements of the State of Florida
B. One approved by a general lines agent to assist in transacting business of private
passenger motor vehicles from the agency office
C. One who is appointed by a general lines agent or agency to assist in transacting
the business of the agency from the agency office
D. One who may transact property insurance, casualty insurance, surety insurance,
health insurance, and marine insurance in the State of Florida
Verified 100% Correct |Latest Updates |
Guaranteed Pass.
D. Bodily Injury or Property Damage caused by personal activities of the insured
or family members anywhere in the world - ANSWER -Personal Liability (Section
III) of a Homeowner's policy covers which of the following?
Select one:
A. Bodily Injury or Property Damage caused by war
B. Bodily Injury to a member of the household by a neighbor's dog
C. Damage to the insured's property caused by a visitor
D. Bodily Injury or Property Damage caused by personal activities of the insured
or family members anywhere in the world
D. Domestic servants in private homes - ANSWER -Which of the following
would not be considered an "employment" under the worker's compensation law?
Select one:
A. One or more employees in the construction industry
B. Private employments with four or more employees except in the construction
industry
C. Governmental employments regardless of the number of employees
D. Domestic servants in private homes
B. All of these ANSWERs are correct - ANSWER -Under the Commercial
Property policy, the Special Causes of Loss Form provides coverage for direct
physical loss unless the loss is from which one of the following perils?
Select one:
A. Employee dishonesty
B. All of these ANSWERs are correct
C. Zoning and planning errors
D. Wear and tear
A. Two acres or over - ANSWER -If Flood is confined to a single building, how
much area must be inundated in order for the Flood policy to provide coverage?
Select one:
A. Two acres or over
,B. One acre or over
C. Three acres or over
D. No limit
D. Additional Living Expense - ANSWER -Which of the following is not covered
by the Dwelling Policy DP1?
Select one:
A. Other Structures
B. Debris removal
C. Fair Rental Value
D. Additional Living Expense
C. 75% - ANSWER -Under the Commercial Property Policy, the Value Reporting
Form limits a settlement to which percentage if the first report is not filed on time?
Select one:
A. 50%
B. 80%
C. 75%
D. 90%
C. Unlimited - ANSWER -What is the maximum medical benefit under Workers'
Compensation?
Select one:
A. $5,000
B. 85 - 95% of loss of wages
C. Unlimited
D. 80% of medical costs
B. Bodily Injury to Mrs. Smith and damage to the kitchen but not the refrigerator -
ANSWER -An appliance store sells a refrigerator to Mrs. Smith. The refrigerator
is installed in Mrs. Smith's kitchen and after the installation had been completed,
the refrigerator blows up catching fire and damaging the kitchen and injuring Mrs.
Smith. The appliance store's Commercial General Liability policy covers?
Select one:
A. Bodily Injury to Mrs. Smith and damage to the, refrigerator, but not the kitchen
B. Bodily Injury to Mrs. Smith and damage to the kitchen but not the refrigerator
C. All losses are covered
D. Bodily Injury to Mrs. Smith only
, D. Sole proprietors and partners in the construction industry may not exempt
themselves from coverage - ANSWER -Which of the following is a true statement
concerning sole proprietors under the worker's compensation law?
Select one:
A. All partners are considered to be employers and may exempt themselves under
the law
B. A sole proprietor may elect to be exempt from coverage under the law
C. All of these ANSWERs are correct
D. Sole proprietors and partners in the construction industry may not exempt
themselves from coverage
D. The claim is covered by the carrier at the time of the incident since the incident
was reported during the policy period and the claim was made within five years of
expiration of the claims made policy - ANSWER -The insured has a Commercial
General Liability policy written on a Claims Made basis. During the policy term an
incident occurred and was reported to the agent. No claim was made until two
years after expiration of the policy and after coverage had been renewed by another
insurer. Which of the following describes how the insurer will respond?
Select one:
A. The claim will be paid by the current insurance company
B. The claim will be denied because the Statute of Limitations has expired
C. The claim will be denied because the claim was not presented during the policy
period
D. The claim is covered by the carrier at the time of the incident since the incident
was reported during the policy period and the claim was made within five years of
expiration of the claims made policy
D. One who may transact property insurance, casualty insurance, surety insurance,
health insurance, and marine insurance in the State of Florida - ANSWER -A
General Lines Agent is:
Select one:
A. A personal lines agent who has not complied with the continuing education
requirements of the State of Florida
B. One approved by a general lines agent to assist in transacting business of private
passenger motor vehicles from the agency office
C. One who is appointed by a general lines agent or agency to assist in transacting
the business of the agency from the agency office
D. One who may transact property insurance, casualty insurance, surety insurance,
health insurance, and marine insurance in the State of Florida
