Florida Personal Lines Practice Exam
Questions and Answers
1.Fair rental value coverage in the dwelling policy is similar to which
home- owners policy form?
a. contents
b. loss of use
c. dwelling
d. structure
Answer b. loss of use
2.what type of insurer uses a formal sharing agreement?
a. mutual insurer
b. fraternal benefit societies
c. reciprocal insurers
d. stock insurers
Answer c. reciprocal insurers
3.the commissioner will send the insurer an appointment renewal
notification for any licensees whose appointments are about to expire at
least how many days before the renewal date?
a. 10 days
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,b. 15 days
c. 30 days
d. 60 days
Answer d. 60 days
4.an insured has a personal umbrella with a $2,000 self-insured retention
(SIR). Assuming no other policy is involved, how much would the
umbrella pay after a $12,000 personal injury liability claim?
a. $2,000
b. $1,000
c. $10,000
d. $12,000
Answer c. $10,000
5.What are the types of compensatory damages?
a. unique and general
b. special and punitive
c. special and general
d. punitive and reward
Answer c. special and general
6.A person has a history of DUIs. To his insurer, this presents what type
of hazard?
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, a. legal
b. physical
c. moral
d. morale
Answer d. morale
7.Which would NOT be covered by an insured's uninsured motorist
cover- age?
a. the insured's neighbor borrowed the insured's car and was hit by
an uninsured motorist
b. the insured's car is hit by someone whose auto insurer is insolvent.
c. the insured's son is struck by a hit and run driver.
d. the insured causes a head on collision with the car of an uninsured
motorist.
Answer d. the insured causes a head on collision with the car of an
uninsured motorist
8.Which of the following would be a proper choice of policy for a
company that transports goods that are irreplaceable in nature?
a. replacement cost rider
b. lloyd's policy
c. valued policy
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Questions and Answers
1.Fair rental value coverage in the dwelling policy is similar to which
home- owners policy form?
a. contents
b. loss of use
c. dwelling
d. structure
Answer b. loss of use
2.what type of insurer uses a formal sharing agreement?
a. mutual insurer
b. fraternal benefit societies
c. reciprocal insurers
d. stock insurers
Answer c. reciprocal insurers
3.the commissioner will send the insurer an appointment renewal
notification for any licensees whose appointments are about to expire at
least how many days before the renewal date?
a. 10 days
1/
18
,b. 15 days
c. 30 days
d. 60 days
Answer d. 60 days
4.an insured has a personal umbrella with a $2,000 self-insured retention
(SIR). Assuming no other policy is involved, how much would the
umbrella pay after a $12,000 personal injury liability claim?
a. $2,000
b. $1,000
c. $10,000
d. $12,000
Answer c. $10,000
5.What are the types of compensatory damages?
a. unique and general
b. special and punitive
c. special and general
d. punitive and reward
Answer c. special and general
6.A person has a history of DUIs. To his insurer, this presents what type
of hazard?
2/
18
, a. legal
b. physical
c. moral
d. morale
Answer d. morale
7.Which would NOT be covered by an insured's uninsured motorist
cover- age?
a. the insured's neighbor borrowed the insured's car and was hit by
an uninsured motorist
b. the insured's car is hit by someone whose auto insurer is insolvent.
c. the insured's son is struck by a hit and run driver.
d. the insured causes a head on collision with the car of an uninsured
motorist.
Answer d. the insured causes a head on collision with the car of an
uninsured motorist
8.Which of the following would be a proper choice of policy for a
company that transports goods that are irreplaceable in nature?
a. replacement cost rider
b. lloyd's policy
c. valued policy
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18
