FL 20-44 INSURANCE 100 LICENSE TEST WITH PRACTICE QUESTIONS AND % CORRECT
ANSWERS/ FLORIDA 20-44 LICENSE EXAM PREP (NEWEST!)
A building that does NOT contain enough personal property to be used for that purpose and no one was
home at the time of the loss best describes the property as: - (answer)Vacant
A devise which is used to minimize small nuisance claims, keep insurance premiums down and may
reduce morale hazards is called a: - (answer)deductible
All of the following are elements necessary for a contract to be valid, EXCEPT:
A. Legal Competent Parties
B. Signature
C. Consideration
D. Agreement - (answer)B. Signature (Correct)
An insured responding to a question to the best of their knowledge would be known as a: -
(answer)representation
An insured's indifference to a loss or attitude about safety can create a...
A. Physical Hazard
B. Moral Hazard
C. Morale Hazard
D. Legal Hazard - (answer)C. Morale Hazard (Correct)
Fair Rental Value is identified as which type of coverage on a dwelling policy? Identify the letter
coverage this falls under. - (answer)Coverage D
An unendorsed homeowner policy will settle personal property for which valuation method? -
(answer)Actual Cash Value or ACV
,FL 20-44 INSURANCE 100 LICENSE TEST WITH PRACTICE QUESTIONS AND % CORRECT
ANSWERS/ FLORIDA 20-44 LICENSE EXAM PREP (NEWEST!)
Changes or additions to a policy contract are referred to as: - (answer)Endorsements
Coverage D on an Homeowner's policy will NOT cover for which of the following claims?
A. Loss of rental income following a covered loss
B. The cost to stay at a hotel after the insured's home was damaged in a forest fire
C. The cost of living in a camper on the insured's property due to a covered loss
D. The cost of buying new clothes after the home caught on fire - (answer)D. The cost of buying new
clothes after the home caught on fire (Correct)
Coverage D will covers which types of losses? - (answer)Indirect loss, loss of use or consequential losses
What does Coverage E on a HO policy cover? - (answer)Personal Liability for Bodily Injury and Property
with a combined single limit of $100,000 per occurrence.
Are supplemental payments paid in addition to the limit listed on the declaration page or are they
deducted from the limit listed on the declaration page? - (answer)They are paid in addition to.
Who does casualty/liability cover? - (answer)A third party which can include an unknown person, a
neighbor, a stranger or a friend.
What is the purpose of casualty/liability coverage? - (answer)An insurer will compensate a third party
person who has sustained injuries or damage to their property that you (the insured) have caused.
What are the 4 types of liability coverage? - (answer)bodily injury, property damage, personal injury and
advertising injury
, FL 20-44 INSURANCE 100 LICENSE TEST WITH PRACTICE QUESTIONS AND % CORRECT
ANSWERS/ FLORIDA 20-44 LICENSE EXAM PREP (NEWEST!)
What is the difference between bodily injury and personal injury? - (answer)bodily injury refers to
physical injury to a person(s) and personal injury refers to someone's feelings being hurt by defamation,
slander, libel or false arrest.
What does advertising injury mean and who does it refer to? - (answer)It refers to a business and it is
when a person defames, uses slander or libel against a business.
Property policies are written for who? - (answer)They are written for the person seeking coverage. They
are the named insured/insured people covered by the policy (Me/Mines or You/Yours)
What does the term PAP stand for? - (answer)Personal Auto Policy
What types of coverage do PAPs (Personal Auto Policies) offer? - (answer)
True or False: Each state requires that car owners withhold minimum limit car insurance. - (answer)True
- the limits are set by each state
What are the minimum PAP limits in Florida? - (answer)Split limits of 10m/20m/10m
10m for BI per person
20m for BI per occurrence
10m for Property damage per occurrence
How many parts does a PAP have? - (answer)6 parts
What does part A of a PAP cover? - (answer)Liability coverage
What does part B of a PAP cover? - (answer)Medical payments
ANSWERS/ FLORIDA 20-44 LICENSE EXAM PREP (NEWEST!)
A building that does NOT contain enough personal property to be used for that purpose and no one was
home at the time of the loss best describes the property as: - (answer)Vacant
A devise which is used to minimize small nuisance claims, keep insurance premiums down and may
reduce morale hazards is called a: - (answer)deductible
All of the following are elements necessary for a contract to be valid, EXCEPT:
A. Legal Competent Parties
B. Signature
C. Consideration
D. Agreement - (answer)B. Signature (Correct)
An insured responding to a question to the best of their knowledge would be known as a: -
(answer)representation
An insured's indifference to a loss or attitude about safety can create a...
A. Physical Hazard
B. Moral Hazard
C. Morale Hazard
D. Legal Hazard - (answer)C. Morale Hazard (Correct)
Fair Rental Value is identified as which type of coverage on a dwelling policy? Identify the letter
coverage this falls under. - (answer)Coverage D
An unendorsed homeowner policy will settle personal property for which valuation method? -
(answer)Actual Cash Value or ACV
,FL 20-44 INSURANCE 100 LICENSE TEST WITH PRACTICE QUESTIONS AND % CORRECT
ANSWERS/ FLORIDA 20-44 LICENSE EXAM PREP (NEWEST!)
Changes or additions to a policy contract are referred to as: - (answer)Endorsements
Coverage D on an Homeowner's policy will NOT cover for which of the following claims?
A. Loss of rental income following a covered loss
B. The cost to stay at a hotel after the insured's home was damaged in a forest fire
C. The cost of living in a camper on the insured's property due to a covered loss
D. The cost of buying new clothes after the home caught on fire - (answer)D. The cost of buying new
clothes after the home caught on fire (Correct)
Coverage D will covers which types of losses? - (answer)Indirect loss, loss of use or consequential losses
What does Coverage E on a HO policy cover? - (answer)Personal Liability for Bodily Injury and Property
with a combined single limit of $100,000 per occurrence.
Are supplemental payments paid in addition to the limit listed on the declaration page or are they
deducted from the limit listed on the declaration page? - (answer)They are paid in addition to.
Who does casualty/liability cover? - (answer)A third party which can include an unknown person, a
neighbor, a stranger or a friend.
What is the purpose of casualty/liability coverage? - (answer)An insurer will compensate a third party
person who has sustained injuries or damage to their property that you (the insured) have caused.
What are the 4 types of liability coverage? - (answer)bodily injury, property damage, personal injury and
advertising injury
, FL 20-44 INSURANCE 100 LICENSE TEST WITH PRACTICE QUESTIONS AND % CORRECT
ANSWERS/ FLORIDA 20-44 LICENSE EXAM PREP (NEWEST!)
What is the difference between bodily injury and personal injury? - (answer)bodily injury refers to
physical injury to a person(s) and personal injury refers to someone's feelings being hurt by defamation,
slander, libel or false arrest.
What does advertising injury mean and who does it refer to? - (answer)It refers to a business and it is
when a person defames, uses slander or libel against a business.
Property policies are written for who? - (answer)They are written for the person seeking coverage. They
are the named insured/insured people covered by the policy (Me/Mines or You/Yours)
What does the term PAP stand for? - (answer)Personal Auto Policy
What types of coverage do PAPs (Personal Auto Policies) offer? - (answer)
True or False: Each state requires that car owners withhold minimum limit car insurance. - (answer)True
- the limits are set by each state
What are the minimum PAP limits in Florida? - (answer)Split limits of 10m/20m/10m
10m for BI per person
20m for BI per occurrence
10m for Property damage per occurrence
How many parts does a PAP have? - (answer)6 parts
What does part A of a PAP cover? - (answer)Liability coverage
What does part B of a PAP cover? - (answer)Medical payments
