Florida 2-20 Insurance Agent License Practice Exam

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• If Joe has $20,000 in liability and $15,000 in medical bills from an accident, what would his liability insurance cover?
• What happens when a new finance company is acquired under an ISO Commercial Crime policy?
• Employee Theft coverage excludes which of the following?
• In a Personal Auto Policy, which part provides coverage specifically for property damage?
• What does the Newly Acquired or Constructed Property extension of coverage in the BPP cover?
• What determines Tier 1 rates in relation to voluntary market rates within FWCJUA?
• What is the liability coverage limit under Joe's personal auto policy if it is stated as 25/50/25?
• What is generally required before a contractor can start work on a project?
• Which of the following is NOT an exclusion for BI and PD under the CGL?
• What must Sam do to avoid penalties after failing to meet financial responsibility requirements during an auto accident?
• What should an employer do if they hire employees in states with varying workers' compensation laws?
• Which of the following items is included in the Special Limits for personal property?
• Which deductible is NOT associated with FAJUA Physical Damage Coverage?
• Does Keith's activity of providing rides to co-workers create a public or livery conveyance situation that affects liability coverage under his Personal Auto Policy?
• Which of the following is an essential feature of a policy in insurance?
• In insurance terms, what is a 'binder'?
• How much will Tom and Martha's insurer pay for the theft of items while they were on vacation?
• What does Hospitalization Expense Insurance cover?
• What amount will the HO-3 insurer pay for the loss of Sam's boat and trailer valued at $4,000?
• Which type of contract is characterized by unequal bargaining power where one party must accept the terms as offered?
• What does Part One of the Workers Compensation and Employers Liability Insurance Policy require the insured to reimburse the insurer for?
• In terms of underwriting, what does the Valuation—Settlement condition require?
• Florida law requires a minimum of how many days prior notice for the cancellation of a health insurance policy?
• What type of accident does Uninsured Motorist Coverage in a PAP policy typically cover?
• What defines Tier 2 for employers regarding experience modification factor?
• What type of coverage typically doesn't include loss of income due to business interruption?
• What factor must be considered when determining if a compensation claim is valid?
• One of the downsides of using retention exclusively for loss exposures is?
• What triggers coverage under the products and completed operations liability portion of a CGL?
• Which symbol on a business auto policy automatically provides coverage for injuries caused by a hit-and-run driver?
• In general, what is the premium base for workers compensation insurance?
• Why does the premium discount plan for workers compensation insurance provide an increasing credit for premiums?
• What is one of the major differences between liability coverage provided by a BOP and the Insurance Services Office (ISO) Commercial General Liability (CGL) Coverage Form?
• Who is defined by Florida law as every person engaged in the business of entering into contracts of insurance or annuity?
• What type of liability is demonstrated when a handrail breaks and causes injury in a restaurant?
• What type of insurance provides coverage for expenses arising from accidents, including loss of income?
• Which type of business is usually eligible for coverage under a businessowners policy?
• Which ISO policy form is best designed to meet the homeowners insurance needs of a young couple purchasing a condominium?
• Which insurance covers the fees of physicians for performing surgical procedures?
• In which situation would a worker's place of residence be a consideration for determining workers compensation coverage?
• Which of the following is NOT typically covered by a standard HO-3 policy?
• What is one of the main factors in developing a base premium for a homeowner's policy?
• What is the primary purpose of the Building and Personal Property Coverage form?
• Under the Commercial General Liability Coverage Form, who does medical payments coverage apply to?
• What coverage applies when food in an insured's freezer spoils due to a power failure occurring off the premises?
• Which of the following factors influences the development of the base premium for a homeowner’s policy?
• Which of the following is NOT covered under Inside the Premises - Theft of Money and Securities?
• Which statement accurately describes the Commercial Property Conditions?
• What unique peril is associated with dry cleaners?
• Which type of loss is excluded under the Funds Transfer Fraud coverage within the Computer Fraud insuring agreement?
• If International Toys is found liable for an injury caused by its toy, will its CGL coverage apply?
• When Bob accidentally strikes Alice while driving Tank's truck, is he covered under the Business Auto Coverage Form?
• In terms of coverage, what does the term "named insured" refer to in a CGL?
• Which statement is accurate regarding the liability coverage available under a businessowners policy (BOP)?
• Small Business Boiler and Machinery required property damage limits is:
• What is a key purpose of the Commercial General Liability (CGL) policy?
• Which policy offers coverage against liability claims for injuries or damages caused by aircraft?
• What is the insurer's likely response to a claim for loss due to an accounting omission under a Commercial Crime Coverage Form?
• Which property is completely uninsurable under the Building and Personal Property Coverage Form (BPP)?
• Which PAP endorsement provides coverage for motorcycles, golf carts, and all-terrain vehicles?
• Which of the following is considered a supplemental payment benefit under a Personal Auto Policy?
• Which of the following is NOT a Major Medical Insurance exclusion?
• Which statement is true regarding the requirements for contractors in relation to liability insurance?
• What is the maximum benefit that can generally be claimed for contents under an HO-3 policy?
• Which of the following is not eligible for an HO-4 policy?
• Will Ralph’s HO-3 insurer cover the loss of his coins stolen from his automobile?
• What should an insured do if they disagree with an insurance claim settlement?
• Which of the following correctly describes a limitation for Employee Theft coverage?
• Which situation best exemplifies risk transfer in the context of insurance?
• If an insured is building a new home, are they eligible for a homeowners policy during construction?
• Which of the following actions can be classified as sliding?
• What is the basic limit for Fire Damage Liability under the CGL?
• What are the basic liability limits under Section II of a homeowners policy?
• What was the primary purpose of establishing the Florida Surplus Service Lines Office (FSLSO)?
• How many parties are typically involved in a surety contract?
• What is a common use for an indemnity bond?
• How much will Allen's business auto policy pay for his medical bills after being struck by an uninsured auto?
• Tier 1 rates are set at _________ above comparable voluntary market rates.
• HO-8 can be broadened to include off-premises theft losses up to what amount?
• What is required for an insurer to transact insurance in Florida?
• Which type of bond ensures the principal will uphold their oath of office?
• The Florida Valued Policy Law applies to which type of property?
• How can partners and sole proprietors elect to be covered for Workers' Compensation?
• What coverages are available in the Commercial Auto JUA?
• Which benefit of the PAP provides compensation for the insured’s earnings lost due to attending court?
• Which coverage is typically not included in a Commercial Property policy when it comes to Additional Coverage?
• For a claim to be considered made on the last day of the policy period, how many days after expiration must it be recorded?
• What is the penalty for each willful violation of the Unfair Methods of Competition statute?
• What type of bond would cover damages caused by a construction project?
• What is the coverage limit for other structures under the HO-3—Special Form policy?
• Which form is not applicable to owner-occupants of 1-4 family dwellings?
• What is the purpose of Bail Bonds as a Supplementary Payment under the PAP policy?
• Does the CGL, Coverage C: Medical Payments cover injuries to tenants if they are on premises they normally occupy?
• Under a Building and Personal Property Coverage Form (BPP), if there is a loss of $350,000 to a building and $70,000 to business personal property, what amount should the policy cover?
• Which of the following entities does the Office of Financial Regulation NOT regulate?
• How does Part D-Damage to Your Auto apply to a nonowned vehicle?
• What role does the Office of Insurance Regulation play in the insurance market?
• Which policy provides coverage for manufacturers against liability claims due to defective products?
• What is the maximum amount Joe can collect from UM from all sources after an accident if his liability coverage is 10/20/10?
• Federal workers compensation statutes apply to which one of the following workers?
• What type of bond guarantees that a public official will perform the duties of their office faithfully?
• Which of the following is NOT a common exclusion found in the CGL policy?
• Which of the following provides coverage for products liability after a product has been sold?
• Which part of an insurance policy outlines what is specifically covered?
• What is the status of the backhoe owned by Smith Construction Company under the Commercial General Liability (CGL) Coverage Form?
• Which type of insurance assists individuals who require continuous care from another person?
• What should an insured do immediately after sustaining a covered loss?
• Basic limits for Hospital Professional Liability are:
• What satisfies the Florida Financial Responsibility Law for all situations other than DUI?
• Which of the following is a covered cause of loss under the Causes of Loss—Basic Form?
• All of the following fall under the definition of sliding EXCEPT?
• Sometimes, the existence of insurance encourages more losses. What is the result of this phenomenon?
• What is the status of property confiscated or seized by order of a governmental authority under HO-3—Special Form?
• What type of insurance is designed to assist clients who depend on others for care?
• Which scenario would be covered under Part Two of the Workers Compensation and Employers Liability Insurance Policy?
• In litigation, which type of bond protects the opposing party from loss if the principal fails to show entitlement?
• In the case of additional damage from rain after vandalism, what does the policy cover?
• What form provides coverage for heavy equipment, machinery, and tools used by contractors in business?
• What is the deductible amount per occurrence under ABC, Inc.'s Commercial Crime coverage?
• What type of bond is required to reissue a lost stock certificate?
• How does the Causes of Loss—Broad Form differ from the Causes of Loss—Basic Form?
• In what circumstance is a homeowners policy immediately effective for a new home?
• A small business owner worried about an accident preventing work should purchase?
• Citizens provides commercial coverage for which of the following?
• If the FWCJUA experiences a deficit in either Tier 1 or Tier 2, funding would come from where?
• Which Health provision allows the insurer to renew at the option of the insured and does not permit rate increases?
• What is the standard deductible for Commercial Property insurance?
• Regarding the Causes of Loss—Broad Form, which of the following is correct?
• What is the purpose of the FWCJUA?
• What is the nature of the risks covered by the Causes of Loss - Basic Form?
• What type of policy protects against loss to goods in transit throughout the year?
• What does Part D-Damage to Your Auto cover claims based on?
• Which of the following is not a clause found in the Ocean Marine policy?
• Which statement regarding the Supplemental Extended Reporting Period (SERP) under a Claims-made CGL policy is false?
• What is the minimum age requirement to qualify for a general lines insurance license?
• Which provision waives premiums if the insured becomes totally disabled?
• What type of loss would be covered as auto physical damage under a business auto policy?
• What is NOT included as part of coverage under a standard Medicare Supplement policy?
• For Business Income, the period of restoration begins:
• How is the total amount of loss defined when calculating insurance payouts under the Employee Theft agreement for ABC, Inc.?
• In a standard DP-3 policy, which of the following would be covered, ignoring a deductible?
• If a personal articles floater covers a musical keyboard valued at $1,000 and it is stolen while traveling, what would the policy likely pay?
• Which statement about the maximum amount payable under the Supplementary Payments in a Personal Auto Policy is correct?
• Homeowners Insurance is designed to protect against all of the following EXCEPT?
• Which market provides coverage for employers who struggle to secure workers' compensation coverage?
• What type of work is classified as casual labor?
• Which statement accurately describes how workers' compensation premiums can be adjusted through dividend plans?
• What is the purpose of Accident Insurance?
• In a Personal Auto Policy, which coverage proves indispensable when driving a vehicle not owned by the insured?
• What term describes a loss that is partially covered due to the sacrifice of some cargo to save the rest?
• According to Florida law, what is a contract that indemnifies another or pays a specified amount upon determinable contingencies?
• How can the appraisal process resolve disagreements between Adam and his insurer regarding the amount of a loss?
• Why is Shady Stories excluded from coverage for the false story printed about a politician?
• In Joe's Ocean Marine Policy, what clause would cover damage to another boat if Joe collides with it?
• Which of the following Special Limits cannot be increased?
• What type of insurance should Joe Motors purchase to maintain customer goodwill?
• Which of the following has special limits of liability under Coverage C of the HO-3—Special Form?
• Which of the following is NOT a penalty under the Florida No-Fault Law?
• How does a rise in premium affect the discount received by a worker's compensation insurance policy?
• How is the size of a sliding-scale dividend calculated for workers compensation insurance?
• What economic cycle is likely to lead to more unauthorized entity fraudulent activity?
• Under which shipping term does the buyer assume responsibility for the cargo once it reaches a designated point?
• Is Kenneth covered under his Business Auto Coverage Form if he causes an accident while driving a rental car on a business trip?
• What coverage should be added to Joe's Business Auto Policy for liability while driving a car not owned by the corporation?
• Which situation would not be covered under Chuckie's CGL policy?
• How would Martha's Business Auto Coverage Form respond to a $30,000 underinsured motorists claim in another state?
• What term describes insurance for liabilities arising from defective products provided by a manufacturer?
• Garage Insurance covers a rental car only if:
• What must the insured have to ensure the insurer is obligated to pay under a CGL policy?
• Which type of insurance reimburses for replacing damaged valuable documents?
• Which situation would typically require a separate insurance policy outside of CGL coverage?
• What part of the PAP policy provides coverage for bodily injury for accidents caused by an uninsured or underinsured driver?
• The Health provision that states the company may not cancel during the policy term, but reserves the right to nonrenew the policy under its expiration is called:
• All of the following are controlled Commercial Inland Marine lines EXCEPT?
• Which of the following is NOT an Optional Coverage under the Businessowners policy?
• When can the Coverage Extensions apply for Building and Personal Property Coverage Form?
• A policy with Citizens may be replaced with a policy from an authorized insurer at any time during the policy period with a ________ day notice.
• In a surety bond context, what does the term 'obligee' refer to?
• Which statement is correct regarding the overall benefits of insurance?
• Which one of the following statements is correct with respect to rating a businessowners policy (BOP)?
• Which coverage form is designed to address business personal property losses?
• To be eligible for Citizens, the applicant must certify that they have not received an offer for residential property insurance that is less than ____________ percent higher than the price quoted through Citizens.
• Named perils for the Aircraft include all of the following EXCEPT:
• What coverage is written as an adjunct to Passenger Liability and is not applicable to paid passengers?
• What is the fundamental purpose of Medicare Supplement policies?
• Which exclusion typically appears in Major Medical Insurance contracts?
• What exclusion applies to Chuckie's claim for the brochure published regarding beef?
• What are the basic limits for the Hospital Professional Liability form?
• What is the role of the 'Legal Action Against the Insurer' clause?
• What oversight does the Office of Financial Regulation perform?
• Joe has a Personal Auto Policy; what is the maximum he can collect from Underinsured Motorist coverage in this accident?
• Which of the following statements describes the coverage limits for commercial property insurance?
• In the case of damaged valuable papers, what type of insurance would apply to recover the cost of replacement?
• Which of the following is NOT considered a "your covered auto" under a Personal Auto Policy?
• What is the standard deductible amount for Employee Theft coverage?
• Which of the following is NOT described in the Insuring Agreement of Part A - Liability Coverage of the Personal Auto Policy?
• What type of insurance is designed to cover basic hospitalization expenses such as room and board?
• Which of the following is an example of a product liability coverage event?
• In commercial auto insurance, when is a truck considered non-zone rated?
• What is a key distinction of the professional liability coverage under the businessowners policy (BOP) compared to the Commercial General Liability (CGL) Coverage Form?
• Which of the following is NOT considered a "Supplementary Payment" under the Personal Auto Policy?
• Under a CGL policy, when is mobile equipment covered?
• After obtaining an insurance license, how long do you have to secure an appointment?
• Which of the following is NOT a coverage extension found in the Building and Personal Property Coverage form?
• A Commercial Package policy may include the following coverage types EXCEPT:
• Which of the following is considered a covered property under the employee theft coverage?
• What limitation commonly affects the coverage limits in a BOP?
• Under the ISO Commercial Crime Coverage Form, how is damaged property valued for settlement?
• Who is generally NOT eligible for a homeowners policy?
• Which statement is correct regarding liability coverage options in businessowners policies (BOPs)?
• What is true regarding liability coverage limits in a BOP?
• What is a market source in Florida for persons who are unable to purchase auto insurance through normal channels?
• What is the purpose of loss assessment coverage in a homeowners policy?
• Which of the following expenses must an insurer cover according to Part One of the Workers Compensation and Employers Liability Insurance Policy?
• Which claim would be covered under Coverage B - Personal and Advertising Injury Liability of the Commercial General Liability Coverage Form?
• What amount will Worldwide's insurer pay for a fire loss of $1,010,000 under a Building and Personal Property Coverage Form with a $1,000,000 limit?
• What type of insurance provides benefits based on a daily rate and not on actual costs incurred for hospital stays?
• The concept of indemnification is primarily focused on what principle?
• What does the supplementary payments section of a CGL policy cover?
• Which type of care is NOT included in Long Term Care?
• What does the "maximum period of indemnity" endorsement provide coverage for?
• Does Betty's Commercial General Liability (CGL) Coverage Form cover the cost of withdrawing her birdhouses due to environmental concerns?
• A fire destroys a homeowner's garage. If the cost to replace the garage exceeds the dwelling limit, what typically happens?
• When Workers' Compensation benefits are available, how does Part B-Medical Payments affect them?
• Health Insurance does not cover which of the following?
• What is a key benefit of having a workers compensation policy in place for employers?
• Business Auto policy extends to trailers with a load capacity of:
• Which coverage is required in Florida to meet state minimum financial responsibility for non-DUI situations?
• Which additional insuring agreement covers threats of bodily harm under the Crime Policy?
• Under Sam's standard Garage Policy with Symbol 21, which claim would NOT be covered?
• To protect against crime loss exposures for his new brokerage company, what type of bond should James purchase?
• What form of insurance covers an insured's liability for damage to aircraft stored for safekeeping or repair?
• What must The Computer Store (TCS) demonstrate to overcome the inventory shortages policy exclusion?
• The Florida Workers Compensation Joint Underwriting Association (FWCJUA) has how many different Tiers?
• Which of the following is an example of a health insurance provision that allows a policyholder a limited time to examine the policy after purchase?
• What type of contract states that one should not profit from their response to the policy?
• What happens if an insured has multiple Personal Auto Policies with different insurers in the event of a claim for medical payments coverage?
• Why does the 10% rule for a self-storage facility not apply to personal property that is moved from the residence?
• Which of the following is NOT a standard form that Citizens issues policies on?
• For FAJUA commercial vehicles over 10,000 lbs, which coverage is generally NOT available?
• What type of insurance would protect against accidents or events that may cause financial loss due to an inability to work?
• The standard deductible in the Boiler and Machinery coverage form is:
• What is most likely true regarding coverage under the Computer Fraud insuring agreement for missing credit card transactions?
• What does opportunity cost refer to in the context of insurance costs?
• The deductible for the Aircraft Hull policies is normally expressed as:
• For a DP-2 policy, which statement is correct?
• Which of the following ways cannot Garagekeepers Insurance be written?
• If Renee's personal property at her secondary residence is destroyed, how much of the loss will be covered by her HO-3 policy?
• From a risk management perspective, how is insurance primarily used?
• How long do insurance appointments last in Florida?
• Which bond guarantees performance by a court-appointed person?
• Which statement is true concerning Liability coverage in a Personal Auto Policy?
• Which statement is correct concerning eligibility for a businessowners policy?
• What term describes insurance that pays directly to the insured or named interests?
• Which of the following is NOT a valid Covered Auto Symbol in the Garage Coverage form?
• How are personal inland marine coverages typically rated?
• If vandals break a window of the insured's pickup truck and subsequent rain damage occurs, what is the insurer's liability?
• Which group is typically excluded from standard workers' compensation coverage?
• What can be the consequence for failing to inform the DFS about changes in contact information?
• Which entity is NOT eligible for coverage under the PAP policy?
• What does the Joint Insured condition in an ISO Commercial Crime Coverage Form do?
• What type of business is generally eligible for a businessowners policy?
• What type of coverage can the Physical Damage coverage in a Personal Auto Policy provide?
• If Joe's Personal Auto Policy has Liability limits of 25/50/25, what is the total cost to the company for Joe's claims involving multiple lawsuits?
• Under which provision may a health insurance company choose not to renew the policy at expiration?
• Under the Businessowners policy, what is the maximum gross sales limit for mercantile, wholesaler, service, or processing risks?
• Which group is typically excluded from workers compensation laws in some states?
• The territorial limits for the Aviation policy includes all of the following EXCEPT:
• Which entity can be named as an insured on a policy?
• What type of coverage provides protection specifically for contractors' tools and equipment?
• Which one of the following property coverages is often included or available as an option in a businessowners policy (BOP)?
• What type of insurance coverage typically applies to loss exposures from a business's premises and operations?
• Why might an insured be unsuccessful in claiming a theft loss for a personal computer seized by law enforcement under an HO-3 policy?
• What type of bond protects the governmental body from damages caused by the principal's activities?
• Citizens homeowners policies provide coverage for which of the following?
• What is a unique exclusion of the Causes of Loss—Special Form?
• Which aspect is typically not covered by workers compensation insurance?
• What is the maximum amount available for expediting expenses under the Boiler and Machinery coverage form?
• What is an example of a coverage that is not included for commercial vehicles over 10,000 lbs according to FAJUA?
• How does insurance assist in societal financial stability?
• Which of the following is NOT an exclusion under Garage Insurance Physical Damage coverage?
• What is a written contract that encompasses all clauses, riders, endorsements, and papers called?
• In a Dwelling Flood policy, which of the following statements is correct?
• What does an agent risk if found guilty of defamation?
• Which of the following is NOT a qualification required for obtaining a General Lines Agent license?
• Under which provision of the Building and Personal Property Coverage Form (BPP) is the maximum payment $10,000 or five percent of the building limit, whichever is less?
• Which statement best describes the Causes of Loss - Special Form?
• ABC, Inc. has a Commercial Package Policy with how much limit of insurance for Employee Theft?
• What does the Health provision called Guaranteed Renewable require from the insurer?
• Liability coverage for bodily injury and property damage caused by personal activities is typically provided by which type of insurance?
• What is the minimum grace period mandated by Florida law for monthly premium policies?
• What are alterations or additions made to a building at the expense of an insured who does not own the building called?
• When must an agent disclose any changes in their contact information?
• Which is not typically included as covered property under the BPP Coverage Form?
• Which statement about employers liability coverage is true?
• What is the coverage limit for nonowned trailers under Part D-Damage to Your Auto?
• What document includes a description of the property insured, a list of mortgagees, and the applicable coinsurance percentage?
• What are the basic limits for loss assessments in both Section I and II of the HO-3?
• Which of the following statements is true regarding the property damage coverage limitations under a PAP?
• What does a bid bond guarantee?
• Which loss would be covered under a business auto policy for a highway contractor?
• What are the three parties involved in a suretyship contract?
• Temporary insurance is typically established through which of the following?
• If an agent violates the Unfair Methods of Competition and Unfair or Deceptive Acts statute, what is the penalty for non-willful violations?
• In the Liability section of the Businessowners policy, how does the General Aggregate limit compare to the Liability and Medical Expenses limit?
• How does the "property not covered" provision in BOP differ from other policies?
• What should Omicron Corporation do in relation to workers compensation insurance for expanding into new states?
• Why is Tom's Commercial General Liability (CGL) Coverage Form likely to exclude coverage for damages from his accusations?
• If an employee is injured during work time and sues another employee, how does the Business Auto Coverage Form handle this?
• What is generally covered under the Causes of Loss—Broad Form?
• What type of policy typically addresses liability arising out of property damage?
• Crime loss exposures for financial institutions are primarily covered by which type of policy?
• Which entities are not eligible for ISO Commercial Crime Forms?
• Under the Lawyers Professional Liability policy, who is NOT considered an insured?
• In a Building and Personal Property Coverage Form, what is usually the deductible amount?
• Who typically manages the standards and policies for financial institution bonds?
• What does "bobtailing" refer to in the context of motor carrier coverage?
• After a loss, what must the insured NOT do?
• What is the standard deductible for Citizens homeowners policies, excluding mobile homes?
• Which provision allows continuous coverage even when premiums are waived due to disability?
• What is true regarding the deductible in the Building and Personal Property Coverage Form?
• What is the basis for Temporary Partial benefits?
• If a loss is covered by recoverable insurance, how does the Crime policy respond?
• Which of the following is covered under "Extended Coverage" in a DP-1 policy?
• What exposure is created if Bilo Manufacturing allows employees to drive their own cars on company business?
• What type of insurance covers loss or damage to an insured aircraft, whether in motion or not?
• What does a Running Down Clause in a marine policy specifically address?
• Which type of damage is excluded under the Causes of Loss—Basic Form?
• Which statement is correct regarding the Building and Personal Property (BPP) Coverage Form?
• What characteristic of the businessowners policy (BOP) makes it distinct in terms of coverage parts?
• Which bond type holds the borrower accountable to their loan obligations?
• Which of the following is NOT included under Business Income and Extra Expense coverage?
• What is the dwelling limit for Sally’s HO-3 policy?
• In terms of risk management, what does the term 'risk retention' generally refer to?
• Which eligibility requirement applies to Citizens regarding previous offers from authorized insurers?
• Which of the following would NOT be eligible for coverage with the FAJUA?
• What is true of the Broad Causes of Loss form?
• Which of the following could be described as a reason for the increased total cost of insurance?
• How much will a Florida insured with a $1,000 deductible pay under PIP after sustaining $15,000 in medical bills?
• Which of the following types of losses would typically be excluded under a DP-3 policy?
• What is the authority given by an insurer or employer to a licensee to transact insurance on their behalf called?
• What kind of contract conditions the obligations of the insurer upon the insured meeting certain requirements?
• What is true about the liability coverage in a businessowners policy?
• Under the Florida Comprehensive Hurricane Damage Mitigation Program, which factor is NOT considered?
• Which type of regulation involves oversight of brokerage firms?
• The Commercial Property Floater Dealer's policy primarily covers what aspect?
• What type of Ocean Marine deductible has no payment until the loss reaches a certain limit?
• The Florida Valued Policy Law primarily applies to which type of property?
• In the business auto policy liability coverage agreement, which of the following is one of the insurer's duties?
• How do the coverages of businessowners policies (BOP) compare to those provided by commercial package policies?
• Which of the following does not fall under the exclusions of Garagekeepers Insurance?
• Which statement is true regarding supplementary payments in the CGL Coverage Form?
• When might a permit bond be required?
• What coverage should Joe ask his agent to add to his Personal Auto Policy for driving a company car?
• Permanent Impairment benefits are based on which of the following?
• Where would Joe's cellular radio tower antenna be covered in his farm policy?
• Which bond might be required to participate in public bidding?
• How can a Corporate Officer be exempt from Workers' Compensation coverage?
• How much will Bert and Maggie's insurer pay to replace their detached garage valued at $35,000?
• What additional benefit is automatically included in Part D - Damage To Your Auto?
• What does the term "employee theft coverage" refer to?
• Which type of roof design often qualifies for insurance discounts?
• Which coverage applies to employees that are injured during the scope of their employment?
• What is the name of the PAP endorsement for individuals who do not own vehicles?
• What type of insurance provides a flat daily payment for hospitalization, irrespective of the actual expenses incurred?
• What is the primary purpose of Coverage C—Medical Payments in a Commercial General Liability policy?
• Which of the following property coverages under the Businessowners policy is true?
• How is property coverage provided under the Businessowners policy?
• What does Citizens homeowners coverage include for named insured?
• The process of restoring an individual or organization to pre-loss financial condition is known as?
• Which type of inland marine policy covers equipment in transit for construction purposes?
• Which of the following is NOT a duty of the Office of Insurance Regulation?
• What condition in an insurance policy may prevent an insured from suing if they are dissatisfied with how a claim was handled?
• Which roof type generally does not receive any type of discount under insurance policies?
• Which endorsement in a Business Auto policy is designed to provide coverage for hired vehicles?
• Which characteristic is Oscar's vehicle least likely to meet, making insurance difficult?
• In Northern Company's situation with the forklift accident, what is true about coverage under the CGL?
• The commercial umbrella, when primary, is subject to a deductible known as:
• For someone in Sally's situation, the most practical risk management technique for dealing with auto-related loss exposures is?
• Which Garage Insurance policy endorsement deletes liability coverage for damage to the insured's own products?
• Which of the following would NOT be eligible under the Homeowners policy?
• What Business Auto policy endorsement covers the insured for the use of autos they do not own?
• What form would a condominium unit owner use for coverage?
• What type of coverage does the supplementary payments section of the CGL policy provide?
• When both the Condominium Association form and the Condominium Unit Owner apply to a loss, the claim is paid as follows:
• Which provision allows the insured to return the policy within a certain period for a full refund?
• What losses must an employer pay when purchasing specific excess insurance for catastrophic workers compensation losses?
• What type of bond guarantees that all materials will be paid by a contractor upon completion?
• Which of the following is NOT one of the three categories of benefits under the Workers' Compensation law?
• What does the Loss Settlement condition in the HO-3—Special Form establish?
• What exclusion applies to the damage to cabinets installed by Carl's Cabinets?
• What is the primary purpose of workers compensation insurance?
• The Florida Comprehensive Hurricane Damage Mitigation Program was established within which department?
• How many days does the Building and Personal Property Coverage form extend coverage for newly acquired buildings or new buildings under construction?
• Which of the following is a primary purpose of Citizens Insurance?
• Which statement is correct regarding the Non-Owned Detached Trailers coverage extension of the Building and Personal Property Coverage Form (BPP)?
• How many days does an insurance agent have to notify the Department of Financial Services (DFS) if their contact information changes?
• Which type of loss would be covered by a business auto policy?
• Insurance is not the only method for transferring risk. An alternative is through:
• Before workers compensation statutes were established, what was required for employees to recover damages for work-related injuries?
• Under a CGL policy, mobile equipment is explicitly not covered under which circumstance?