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Exam (elaborations)

Florida 2-20 Agents License Exam Questions And Correct Answers

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FLORIDA 2-20 AGENTS LICENSE EXAM QUESTIONS AND CORRECT ANSWERS

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Which of the following can be a named insured?


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Trust




Employee Theft includes coverage for the following EXCEPT:

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Work loss




A Commercial Package policy may include the following coverage types EXCEPT:


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Health




Mitchell is a highway contractor whose company is covered with a workers
compensation policy and an unendorsed business auto policy. Which one of the
following losses would be covered by his business auto policy?


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An employee runs over a subcontractor's equipment with an owned auto.




What type of bond guarantees all materials will be paid by the contractor upon
completion?


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Payment Bond




In a Personal Auto Policy, which of the following statements is incorrect?

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The maximum amount payable under the Supplementary Payments is $250




For claims to be considered to have been made on the last day of the policy period
under the basic extended reporting period, the claim has to be received and
recorded with how many days after the policy expiration?


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60 days




Knowingly making false or maliciously critical comments to injure a person is known
as:


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Defamation




From a risk management viewpoint, insurance is used to


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Transfer the cost of losses.

, This insurance provides coverage for expenses, including loss of income, arising from
accidents.


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Accident Insurance




An employer that decides to purchase specific excess insurance to cover catastrophic
workers compensation losses must pay losses that are which one of the following?


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Up to the retention for one occurrence.




Which of the following is NOT a duty of the Office of Insurance Regulation?


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Submit rate filings and underwriting rules for approval




Internet blogger Tom operates a public interest group on the Internet. In posting his
opinions, Tom falsely accused the governor of his state of criminal behavior. Tom's
Commercial General Liability (CGL) Coverage Form will most likely exclude coverage
for any resulting damage based on which one of the following exclusions?


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