FLORIDA PROPERTY & CASUALTY INSURANCE, GLOSSARY FOR
220 LICENSE, FLORIDA 2-20 AGENTS LICENSE EXAM QUESTIONS
TEST BANK TESTED AND VERIFIEDGRADED A+| CONTAINS
1000+ Q&A
Which of the following events would be covered under an HO-3? I. A
sewer line became clogged and the toilet in the house backed up and
overflowed, damaging the carpet. II. Wind blew a front door open and
rain damaged the carpet. III. The neighbor's German Shepard damaged
the garage doorframe while trying to get in the insured's garage to eat
the dog food stored there.
II and III only
All of the following are located on a Boiler and Machinery Coverage
form EXCEPT: Exhibits
The Motor Truck Cargo Policy:
Insures a truck carrier for liability arising out of the transportation of cargo.
All of the following are types of property that can be covered under a Personal
Articles Floater EXCEPT:
Firearms
What is the standard deductible for Employee Theft coverage?
$500
The Forgery or Alteration coverage under a Businessowners Policy is:
$2,000
How many hours of continuing education is a newly licensed agent required to
have for their first Continuing Education compliance period?
24
Which of the following is NOT true regarding sole proprietors and
partners in the non- construction industry as they relate to Workers
Compensation?
A maximum of three can elect to be covered
Which of the following is not a way to purchase Uninsured
Motorist Coverage? More than your bodily injury limits
, FLORIDA PROPERTY & CASUALTY INSURANCE, GLOSSARY FOR
220 LICENSE, FLORIDA 2-20 AGENTS LICENSE EXAM QUESTIONS
TEST BANK TESTED AND VERIFIEDGRADED A+| CONTAINS
1000+ Q&A
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?
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:
Blood Banks
Which of the following is not a valid deductible for hurricane in the
Dwelling program? 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?
180
Which of the following is NOT a common deductible in an
Aircraft Hull Policy? 2%
How many insuring agreements are there in a
Commercial Crime Policy? 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?
$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: Safe Burglary
The Boiler and Machinery Policy provides automatic coverage for
boilers at newly acquired locations for:
90 days
, FLORIDA PROPERTY & CASUALTY INSURANCE, GLOSSARY FOR
220 LICENSE, FLORIDA 2-20 AGENTS LICENSE EXAM QUESTIONS
TEST BANK TESTED AND VERIFIEDGRADED A+| CONTAINS
1000+ Q&A
Which of the following statements is false regarding
Co-Payment: Subject to a minimum amount
, FLORIDA PROPERTY & CASUALTY INSURANCE, GLOSSARY FOR
220 LICENSE, FLORIDA 2-20 AGENTS LICENSE EXAM QUESTIONS
TEST BANK TESTED AND VERIFIEDGRADED A+| CONTAINS
1000+ Q&A
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?
Insured can sue for the economic loss not paid or payable under PIP;
no suit for intangible damages such as pain and suffering
The FAJUA is composed of:
All companies licensed to write auto insurance in Florida
A coverage that is similar to premises and operations coverage in the
Commercial General Liability Policy covering bodily injury and property
damage liability for aviation risks is defined as:
Airport and Air Meet Liability
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:
$29,000 less any deductible
Each of the following divisions falls under The Department of Financial
Services EXCEPT? The Division of Consumer Activities
Which of the following provides for loss of money and securities outside
the premises in the care, custody and control of a messenger or
armored car service resulting from theft, disappearance, or destruction?
Outside the Premises
What is the standard All Perils deductible in the Commercial Property Policy?
$500
Which of the following best describes a "Controlled" Inland
Marine Form? Standard provisions form is written according to
filed rules and rates
Under a Personal Articles Floater, which of the following is covered
as valued property? Fine Arts
Under the Dwelling Program forms, vandalism is not covered after the
building has been vacant for how many days?
220 LICENSE, FLORIDA 2-20 AGENTS LICENSE EXAM QUESTIONS
TEST BANK TESTED AND VERIFIEDGRADED A+| CONTAINS
1000+ Q&A
Which of the following events would be covered under an HO-3? I. A
sewer line became clogged and the toilet in the house backed up and
overflowed, damaging the carpet. II. Wind blew a front door open and
rain damaged the carpet. III. The neighbor's German Shepard damaged
the garage doorframe while trying to get in the insured's garage to eat
the dog food stored there.
II and III only
All of the following are located on a Boiler and Machinery Coverage
form EXCEPT: Exhibits
The Motor Truck Cargo Policy:
Insures a truck carrier for liability arising out of the transportation of cargo.
All of the following are types of property that can be covered under a Personal
Articles Floater EXCEPT:
Firearms
What is the standard deductible for Employee Theft coverage?
$500
The Forgery or Alteration coverage under a Businessowners Policy is:
$2,000
How many hours of continuing education is a newly licensed agent required to
have for their first Continuing Education compliance period?
24
Which of the following is NOT true regarding sole proprietors and
partners in the non- construction industry as they relate to Workers
Compensation?
A maximum of three can elect to be covered
Which of the following is not a way to purchase Uninsured
Motorist Coverage? More than your bodily injury limits
, FLORIDA PROPERTY & CASUALTY INSURANCE, GLOSSARY FOR
220 LICENSE, FLORIDA 2-20 AGENTS LICENSE EXAM QUESTIONS
TEST BANK TESTED AND VERIFIEDGRADED A+| CONTAINS
1000+ Q&A
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?
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:
Blood Banks
Which of the following is not a valid deductible for hurricane in the
Dwelling program? 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?
180
Which of the following is NOT a common deductible in an
Aircraft Hull Policy? 2%
How many insuring agreements are there in a
Commercial Crime Policy? 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?
$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: Safe Burglary
The Boiler and Machinery Policy provides automatic coverage for
boilers at newly acquired locations for:
90 days
, FLORIDA PROPERTY & CASUALTY INSURANCE, GLOSSARY FOR
220 LICENSE, FLORIDA 2-20 AGENTS LICENSE EXAM QUESTIONS
TEST BANK TESTED AND VERIFIEDGRADED A+| CONTAINS
1000+ Q&A
Which of the following statements is false regarding
Co-Payment: Subject to a minimum amount
, FLORIDA PROPERTY & CASUALTY INSURANCE, GLOSSARY FOR
220 LICENSE, FLORIDA 2-20 AGENTS LICENSE EXAM QUESTIONS
TEST BANK TESTED AND VERIFIEDGRADED A+| CONTAINS
1000+ Q&A
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?
Insured can sue for the economic loss not paid or payable under PIP;
no suit for intangible damages such as pain and suffering
The FAJUA is composed of:
All companies licensed to write auto insurance in Florida
A coverage that is similar to premises and operations coverage in the
Commercial General Liability Policy covering bodily injury and property
damage liability for aviation risks is defined as:
Airport and Air Meet Liability
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:
$29,000 less any deductible
Each of the following divisions falls under The Department of Financial
Services EXCEPT? The Division of Consumer Activities
Which of the following provides for loss of money and securities outside
the premises in the care, custody and control of a messenger or
armored car service resulting from theft, disappearance, or destruction?
Outside the Premises
What is the standard All Perils deductible in the Commercial Property Policy?
$500
Which of the following best describes a "Controlled" Inland
Marine Form? Standard provisions form is written according to
filed rules and rates
Under a Personal Articles Floater, which of the following is covered
as valued property? Fine Arts
Under the Dwelling Program forms, vandalism is not covered after the
building has been vacant for how many days?
