Florida Insurance Laws Correct Questions & Answers!!

A _____ insurer is one formed under the laws of this state. a) Domestic b) Foreign c) Alien d) None of the above - ANSWER a) Domestic The National Weather Service (NWS) categorizes storms as a hurricane which includes the time of a warning/watch all the way through to ___ hours after the NWS terminates the warning. a) 24 b) 48 c) 72 d) 96 - ANSWER c) 72 Property Insurance policies with hurricane deductibles: a) The deductibles are on a per occurrence basis not a calendar year basis b) The deductibles are on a calendar year basis and not a per occurrence basis - ANSWER b) The deductibles are on a calendar year basis and not a per occurrence basis Catastrophic ground cover collapse is the geological activity resulting in ALL of the following EXCEPT: a) Abrupt collapse of the ground cover b) Depression in the ground cover clearly visible to the naked eye c) Structural damage to the building/dwelling d) Condemnation of the building/dwelling by the insurance company - ANSWER d) Condemnation of the building/dwelling by the