2025 FLORIDA LICENSING ACTUAL EXAM
COMPLETE WITH 140 QUESTIONS AND
WELL-VERIFIED CORRECT ANSWERS |
ALREADY GRADED A+ | GUARANTEED
SUCCESS | FLORIDA LICENSING
INSURANCE FINAL LATEST EXAM 2025
An insurance contract which may contain a "gray area" or an ambiguity that is
generally resolved in favor of the insured because insurance is a contract of: -
ANSWER- Adhesion
If an insured sells his car to another person, the buyer may be prohibited from also
receiving the insured's policy. This is because the insurance contract is a contract
of: - ANSWER- Personal nature
The principle of "insurable interest" is important in the dwelling policy as well as
other kinds of insurance. Which of the following does not have "insurable interest"
in the described property?
• The one who holds title to the property
• One who inherits title to property under the terms of a will
• One who attends a Mary Kay party at a friend's property
• A bank who holds a mortgage on a described property - ANSWER- One who
attends a Mary Kay party at a friend's property
,Aunt Mary lives with the insured Homeowner. A thief steals her hearing aid. The
HO-3 will: - ANSWER- Cover within the limits of the H/O policy
Which of the following is eligible for a Homeowners Policy?
I. Susie, who has purchased a condo unit for her residence
II. John, who buys a duplex and lives in one side
III. Sam, who rents an apartment for his residence - ANSWER- I, II and III
Which of the following is NOT covered under the HO-Coverage C, Personal
Property?
• An insured's suitcase and clothing, valued at $1.500 stolen from his motel room
while at a convention
• A fire breaks out in the residence and an overnight guest loses his clothes in the
fire
• The insured's daughter's golf clubs are stolen from her locker at school
• The dead fish when the insured accidentally overturns his tropical fish tank and
all the fish die from lack of oxygen - ANSWER- The dead fish when the insured
accidentally overturns his tropical fish tank and all the fish die from lack of oxygen
Under both the Dwelling and Homeowners, Coverage B - unattached structures -
usually is: - ANSWER- 10% of Coverage A - Structure
Strict or absolute liability - ANSWER- Is assigned by law or statute
Jack and Connie agree to have Jack burn down Connie's house for $10,000. What
element of a valid contract is missing? - ANSWER- Legal Purpose
All of the following describe insurable interest EXCEPT:
,• It must exist at the time of the loss
• It must exist for insurance to respond
• Shows a similarity between insurance and wagering
• The insured would suffer an economic loss - ANSWER- • Shows a similarity
between insurance and wagering
An Insurance Policy is a contract with all the following characteristics, EXCEPT:
• It is a personal contract
• parties are of unequal power with ambiguities or unclear working resolved in
favor of the insured because it is a contract of adhesion
• Indemnity is not part of an insurance contract
• There are conditions imposed on both the insurer and insured - ANSWER- •
Indemnity is not part of an insurance contract
All of the following may qualify for a dwelling policy EXCEPT:
• A 6 - family dwelling
• A beach house owned by ACME Corporation
• A small single family home, rented by a salesman
• An old frame home, built upon piers, valued at $10,000 and occupied by the
owner, Mrs. Jones. Company underwriting minimum for a homeowner policy is
$50,000 - ANSWER- A 6 - family dwelling
All of the following are eligible for a Homeowners Policy EXCEPT:
• A person who rents an apartment
• A condominium owner
• Owner-occupant of a four-family dwelling
• A beach house owned by ACME Corporation - ANSWER- A beach house owned
by ACME Corporation
, Jane has a dwelling policy with the house insured for $40,000. If her detached
shed, which is valued at $4500, is destroyed by a covered peril, what can she
expect? - ANSWER- She can expect $4,000 to be paid, because unattached
structures are covered up to 10% of the dwelling amount
Homeowners Policies usually insure property for which of the following?
• Rising water - Flood, back up of sewer or drain
• Inherent vice, underground seepage, governmental action
• Freezing, wear & tear, marring, deterioration
• Fire, lightning, theft - ANSWER- Fire, lightning, theft
A community applied to be part of the National Flood Insurance Program. Until
they are approved, what is the status of the community? - ANSWER- They are in
the emergency program
Which of the following would be excluded (NOT covered) under a personal
articles floater on an "all risks" basis?
• Insects destroy a valuable postage stamp worth $500
• A personal art collection on display at a museum show is stolen
• A sophisticated telescope is damaged in a fire
• All of the above - ANSWER- Insects destroy a valuable postage stamp worth
$500
Risks that are insurable are - ANSWER- Pure risks
COMPLETE WITH 140 QUESTIONS AND
WELL-VERIFIED CORRECT ANSWERS |
ALREADY GRADED A+ | GUARANTEED
SUCCESS | FLORIDA LICENSING
INSURANCE FINAL LATEST EXAM 2025
An insurance contract which may contain a "gray area" or an ambiguity that is
generally resolved in favor of the insured because insurance is a contract of: -
ANSWER- Adhesion
If an insured sells his car to another person, the buyer may be prohibited from also
receiving the insured's policy. This is because the insurance contract is a contract
of: - ANSWER- Personal nature
The principle of "insurable interest" is important in the dwelling policy as well as
other kinds of insurance. Which of the following does not have "insurable interest"
in the described property?
• The one who holds title to the property
• One who inherits title to property under the terms of a will
• One who attends a Mary Kay party at a friend's property
• A bank who holds a mortgage on a described property - ANSWER- One who
attends a Mary Kay party at a friend's property
,Aunt Mary lives with the insured Homeowner. A thief steals her hearing aid. The
HO-3 will: - ANSWER- Cover within the limits of the H/O policy
Which of the following is eligible for a Homeowners Policy?
I. Susie, who has purchased a condo unit for her residence
II. John, who buys a duplex and lives in one side
III. Sam, who rents an apartment for his residence - ANSWER- I, II and III
Which of the following is NOT covered under the HO-Coverage C, Personal
Property?
• An insured's suitcase and clothing, valued at $1.500 stolen from his motel room
while at a convention
• A fire breaks out in the residence and an overnight guest loses his clothes in the
fire
• The insured's daughter's golf clubs are stolen from her locker at school
• The dead fish when the insured accidentally overturns his tropical fish tank and
all the fish die from lack of oxygen - ANSWER- The dead fish when the insured
accidentally overturns his tropical fish tank and all the fish die from lack of oxygen
Under both the Dwelling and Homeowners, Coverage B - unattached structures -
usually is: - ANSWER- 10% of Coverage A - Structure
Strict or absolute liability - ANSWER- Is assigned by law or statute
Jack and Connie agree to have Jack burn down Connie's house for $10,000. What
element of a valid contract is missing? - ANSWER- Legal Purpose
All of the following describe insurable interest EXCEPT:
,• It must exist at the time of the loss
• It must exist for insurance to respond
• Shows a similarity between insurance and wagering
• The insured would suffer an economic loss - ANSWER- • Shows a similarity
between insurance and wagering
An Insurance Policy is a contract with all the following characteristics, EXCEPT:
• It is a personal contract
• parties are of unequal power with ambiguities or unclear working resolved in
favor of the insured because it is a contract of adhesion
• Indemnity is not part of an insurance contract
• There are conditions imposed on both the insurer and insured - ANSWER- •
Indemnity is not part of an insurance contract
All of the following may qualify for a dwelling policy EXCEPT:
• A 6 - family dwelling
• A beach house owned by ACME Corporation
• A small single family home, rented by a salesman
• An old frame home, built upon piers, valued at $10,000 and occupied by the
owner, Mrs. Jones. Company underwriting minimum for a homeowner policy is
$50,000 - ANSWER- A 6 - family dwelling
All of the following are eligible for a Homeowners Policy EXCEPT:
• A person who rents an apartment
• A condominium owner
• Owner-occupant of a four-family dwelling
• A beach house owned by ACME Corporation - ANSWER- A beach house owned
by ACME Corporation
, Jane has a dwelling policy with the house insured for $40,000. If her detached
shed, which is valued at $4500, is destroyed by a covered peril, what can she
expect? - ANSWER- She can expect $4,000 to be paid, because unattached
structures are covered up to 10% of the dwelling amount
Homeowners Policies usually insure property for which of the following?
• Rising water - Flood, back up of sewer or drain
• Inherent vice, underground seepage, governmental action
• Freezing, wear & tear, marring, deterioration
• Fire, lightning, theft - ANSWER- Fire, lightning, theft
A community applied to be part of the National Flood Insurance Program. Until
they are approved, what is the status of the community? - ANSWER- They are in
the emergency program
Which of the following would be excluded (NOT covered) under a personal
articles floater on an "all risks" basis?
• Insects destroy a valuable postage stamp worth $500
• A personal art collection on display at a museum show is stolen
• A sophisticated telescope is damaged in a fire
• All of the above - ANSWER- Insects destroy a valuable postage stamp worth
$500
Risks that are insurable are - ANSWER- Pure risks
