FLORIDA HEALTH INSUARANCE 2-20 / NEWEST
INSURANCE FLORIDA 1-20 PRACTICE EXAM (A NEW
UPDATED VERSION) ACTUAL TEST QUESTIONS AND
CORRECT VERIFIED ANSWERS |ALREADY GRADED A+
(BRAND NEW!!)
Who may appoint a Customer Representative?
Select one:
A. A surplus lines agent holding a general lines license and a surplus lines license
B. A general lines agent or a general lines insurance agency
C. An adjuster
D. An insurance company - ANSWER: B. A general lines agent or a general lines
insurance agency
Mr. Smith lives in New Jersey but visits Florida each year. When does he come under
the Florida No-Fault system, in any 365-day period?
Select one:
A. After 60 days in Florida
B. After 30 days in Florida
C. After 14 days in Florida
D. After 90 days in Florida - ANSWER: D. After 90 days in Florida
A Hospital Indemnity Policy covers which of the following expenses?
Select one:
A. A flat amount per day for hospital room and board
B. Nursing care in the insured's home
C. Medical supplies
D. Surgical fees incurred in the hospital - ANSWER: A. A flat amount per day for
hospital room and board
Under the Garagekeepers coverage, Section III of the Garage policy, the insured
suffers a single vandalism loss to nine (9) vehicles belonging to customers. Damage is
$100 per vehicle. How much will the policy pay?
Select one:
A. $500
B. $900
C. Nothing
D. $400 - ANSWER: D. $400
Bob, an accountant of XYZ, drives his own car to the bank to make a deposit for XYZ.
Bob has an at-fault accident. If XYZ carries $1,000,000 Bodily Injury/Property Damage
coverage with a Symbol 2 for covered autos, and Bob carries no insurance, how
much coverage is applicable for XYZ?
Select one:
A. No coverage
,B. $10,000/$20,000 Bodily Injury and $10,000 Property Damage
C. $1,000,000
D. $500,000 - ANSWER: A. No coverage
Unless properly licensed an general lines agent cannot
Select one:
A. All of these answers are correct
B. Receive any money on account for any insurer or receive money to be transmitted
to an insurer for a policy, renewal, endorsement or certificate
C. Solicit insurance or procure applications for insurance
D. Directly or indirectly represent himself or herself to be an agent or receive, deliver
or forward any insurance policy within the state - ANSWER: A. All of these answers
are correct
At the time of a loss, it is found that the covered building had been vacant for the
period of 75 consecutive days immediately preceding the loss. Which of the
following perils would not be covered?
Select one:
A. All of these answers are correct
B. Windstorm
C. Fire
D. Vandalism - ANSWER: D. Vandalism
Homeowner's Coverage C - Personal Property covers each of the following situations
except?
Select one:
A. The property of a guest anywhere in the world
B. The insured's personal property while in Mexico at a secondary dwelling
C. A resident employee's contents at the insured's dwelling
D. The property of others while located at the insured's dwelling at the insured's
request - ANSWER: A. The property of a guest anywhere in the world
Under a basic Boiler and Machinery Form, with no special endorsements, which of
the following losses would be covered?
Select one:
A. The insured suffers loss of income following an accident to a covered object
B. During an accident involving a covered object, a visitor on the insured's premises
suffers injuries and sued the insured
C. During testing, after some repairs, a boiler had a sudden breakdown
D. Property owned by another in the care of the insured was damaged in an accident
to an insured object, resulting in a claim by the owner of the property - ANSWER: D.
Property owned by another in the care of the insured was damaged in an accident to
an insured object, resulting in a claim by the owner of the property
The Homeowner's, HO3 policy will provide coverage for a student away at college as
long as the student's premises was not unoccupied more than how many days prior
to the loss?
, Select one:
A. 60 days
B. 30 days
C. 90 days
D. 45 days - ANSWER: C. 90 days
Florida Statutes establish standards, which must be met by Medicare Supplement
insurance. Which of the following is not a standard?
Select one:
A. The policy may not limit coverage for more than 6 months because of a pre-
existing health condition
B. Policies must be written in understandable language
C. The policy is returnable within one year for full premium refund
D. The policy must be accompanied by an outline of coverage and a Medicare
Supplement Buyer's Guide - ANSWER: C. The policy is returnable within one year for
full premium refund
Which of the following does not have an insurable interest in a property?
Select one:
A. A mortgage company
B. A friend who purchased insurance in his own name because the owner refuses to
buy insurance
C. The son of owner who expects to inherit property
D. A mother-in-law who gives cash as a gift - ANSWER: D. A mother-in-law who gives
cash as a gift
What are possible consequences for aiding and abetting an unauthorized insurer?
Select one:
A. Conviction of a third-degree felony
B. All of these answers are correct
C. Subject to suspension or revocation of all insurance licenses
D. Liability for all unpaid claims of the unauthorized insurer - ANSWER: B. All of these
answers are correct
Actual Cash Value is best defined as:
Select one:
A. Replacement cost less tax depreciation
B. Original cost less tax depreciation
C. Original cost less physical depreciation
D. Replacement cost less physical depreciation - ANSWER: D. Replacement cost less
physical depreciation
A Customers Representative's authority does not include:
Select one:
A. Conducting sales work outside of the agent's office
B. Taking insurance applications, giving quotes, interpreting policies, and giving
insurance advice
INSURANCE FLORIDA 1-20 PRACTICE EXAM (A NEW
UPDATED VERSION) ACTUAL TEST QUESTIONS AND
CORRECT VERIFIED ANSWERS |ALREADY GRADED A+
(BRAND NEW!!)
Who may appoint a Customer Representative?
Select one:
A. A surplus lines agent holding a general lines license and a surplus lines license
B. A general lines agent or a general lines insurance agency
C. An adjuster
D. An insurance company - ANSWER: B. A general lines agent or a general lines
insurance agency
Mr. Smith lives in New Jersey but visits Florida each year. When does he come under
the Florida No-Fault system, in any 365-day period?
Select one:
A. After 60 days in Florida
B. After 30 days in Florida
C. After 14 days in Florida
D. After 90 days in Florida - ANSWER: D. After 90 days in Florida
A Hospital Indemnity Policy covers which of the following expenses?
Select one:
A. A flat amount per day for hospital room and board
B. Nursing care in the insured's home
C. Medical supplies
D. Surgical fees incurred in the hospital - ANSWER: A. A flat amount per day for
hospital room and board
Under the Garagekeepers coverage, Section III of the Garage policy, the insured
suffers a single vandalism loss to nine (9) vehicles belonging to customers. Damage is
$100 per vehicle. How much will the policy pay?
Select one:
A. $500
B. $900
C. Nothing
D. $400 - ANSWER: D. $400
Bob, an accountant of XYZ, drives his own car to the bank to make a deposit for XYZ.
Bob has an at-fault accident. If XYZ carries $1,000,000 Bodily Injury/Property Damage
coverage with a Symbol 2 for covered autos, and Bob carries no insurance, how
much coverage is applicable for XYZ?
Select one:
A. No coverage
,B. $10,000/$20,000 Bodily Injury and $10,000 Property Damage
C. $1,000,000
D. $500,000 - ANSWER: A. No coverage
Unless properly licensed an general lines agent cannot
Select one:
A. All of these answers are correct
B. Receive any money on account for any insurer or receive money to be transmitted
to an insurer for a policy, renewal, endorsement or certificate
C. Solicit insurance or procure applications for insurance
D. Directly or indirectly represent himself or herself to be an agent or receive, deliver
or forward any insurance policy within the state - ANSWER: A. All of these answers
are correct
At the time of a loss, it is found that the covered building had been vacant for the
period of 75 consecutive days immediately preceding the loss. Which of the
following perils would not be covered?
Select one:
A. All of these answers are correct
B. Windstorm
C. Fire
D. Vandalism - ANSWER: D. Vandalism
Homeowner's Coverage C - Personal Property covers each of the following situations
except?
Select one:
A. The property of a guest anywhere in the world
B. The insured's personal property while in Mexico at a secondary dwelling
C. A resident employee's contents at the insured's dwelling
D. The property of others while located at the insured's dwelling at the insured's
request - ANSWER: A. The property of a guest anywhere in the world
Under a basic Boiler and Machinery Form, with no special endorsements, which of
the following losses would be covered?
Select one:
A. The insured suffers loss of income following an accident to a covered object
B. During an accident involving a covered object, a visitor on the insured's premises
suffers injuries and sued the insured
C. During testing, after some repairs, a boiler had a sudden breakdown
D. Property owned by another in the care of the insured was damaged in an accident
to an insured object, resulting in a claim by the owner of the property - ANSWER: D.
Property owned by another in the care of the insured was damaged in an accident to
an insured object, resulting in a claim by the owner of the property
The Homeowner's, HO3 policy will provide coverage for a student away at college as
long as the student's premises was not unoccupied more than how many days prior
to the loss?
, Select one:
A. 60 days
B. 30 days
C. 90 days
D. 45 days - ANSWER: C. 90 days
Florida Statutes establish standards, which must be met by Medicare Supplement
insurance. Which of the following is not a standard?
Select one:
A. The policy may not limit coverage for more than 6 months because of a pre-
existing health condition
B. Policies must be written in understandable language
C. The policy is returnable within one year for full premium refund
D. The policy must be accompanied by an outline of coverage and a Medicare
Supplement Buyer's Guide - ANSWER: C. The policy is returnable within one year for
full premium refund
Which of the following does not have an insurable interest in a property?
Select one:
A. A mortgage company
B. A friend who purchased insurance in his own name because the owner refuses to
buy insurance
C. The son of owner who expects to inherit property
D. A mother-in-law who gives cash as a gift - ANSWER: D. A mother-in-law who gives
cash as a gift
What are possible consequences for aiding and abetting an unauthorized insurer?
Select one:
A. Conviction of a third-degree felony
B. All of these answers are correct
C. Subject to suspension or revocation of all insurance licenses
D. Liability for all unpaid claims of the unauthorized insurer - ANSWER: B. All of these
answers are correct
Actual Cash Value is best defined as:
Select one:
A. Replacement cost less tax depreciation
B. Original cost less tax depreciation
C. Original cost less physical depreciation
D. Replacement cost less physical depreciation - ANSWER: D. Replacement cost less
physical depreciation
A Customers Representative's authority does not include:
Select one:
A. Conducting sales work outside of the agent's office
B. Taking insurance applications, giving quotes, interpreting policies, and giving
insurance advice
