20-44 Personal Lines Agent Final Exam: Questions
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Terms in this set (129)
Subrogation upholds the principle of Indemnity
________________.
An insured has made application for a Animal Liability is excluded in the personal lines
Homeowners policy with Citizens. The Citizen's policy form
insured has a dog and has inquired
into the liability coverage in the
Citizen's HO-3 policy. You advise...
Which of the following is NOT a key To ensure high profits for Florida's financial service
objective of the Office of Financial providers
Regulation?
Kermit Deforg, a licensed insurance Kermit is guilty of twisting
agent, has advised his insured, Janet
Jax, to switch her Auto insurance
policy to new policy with his agency
so he can earn a commission for
writing a new policy and to be eligible
for a quarterly bonus. There is
absolutely no benefit to or for Janet in
making the move to the new policy.
Jack was injured in an automobile $6,000
accident and has a PIP Claim with
$8,000 in injuries and a $500 PIP
deductible. How much will Jack
receive as a claim payment from his
insurance company?
,Which of the following is a reason to Insured cannot obtain automobile insurance in the
seek coverage in the Florida Auto JUA: private - competitive market
Major Medical Insurance polices Catastrophic
protect against ____________ losses.
The doctrine of proximate cause unbroken chain of events
states that when there is an
____________________ between an
occurrence and damage that grows
out of the occurrence, then the
resultant damage is all a part of the
same occurrence.
Jill cannot find her Gucci watch Mysterious disappearance
anywhere and there is no sign of
forced or unlawful entry into her
home. This occurrence can be best
described as a ________________.
After a Health Insurance policy has 10 Day
been reinstated coverage for sickness
is subject to a ___ day waiting period.
The Citizens HO-3 policy has Replacement cost on contents
endorsements for:
Janice Hendrix was involved in a $0
single vehicle accident. She
unfortunately struck the roadbed with
her insured vehicle damaging the
undercarriage. She does not carry
Collision coverage and her policy has
Other Than Collision coverage with a
$100 deductible. Her vehicle has
$1,000 in damages; How much will the
insured collect as a claim payment
after applying the correct coverage
and deductible?
, Betty Bloom, your insured, is not a As a non-resident she is eligible if she has a vehicle
Florida resident; under what registered in Florida
circumstances will she be eligible for a
FAJUA policy?
All of the following are defined as a Any vehicle you own
"your covered auto" by the Personal
Auto Policy (PAP) EXCEPT?
The National Weather Service (NWS) 72 Hours
categorizes storms as a hurricane
which includes the time of a warning
AND all the way through to ___ hours
after the NWS terminates the warning.
The most stringent 'total disability' Complete inability to do any work
definition in a Disability Income
Insurance policy is:
All of the following are penalties for Repossession of the registered vehicle
non-compliance with Florida's
compulsory insurance requirements
EXCEPT:
__________________ in an insurance policy Policy limits
specifically express the dollar amount
of responsibility of the insurance
company to pay to the insured or on
behalf of the insured.
David was permanently injured in an $100,000
auto accident by the negligence of
Goliath. David's injuries are valued at
$250,000. Goliath has a liability
insurance policy with limits of
$50,000/$100,000/$50,000. David has
PIP and has recovered his full $10,000
limit, what will David's UMBI recovery
be if he carries $100,000/$300,000
non-stacked UMBI?
With Appropriate Solutions
Save
Terms in this set (129)
Subrogation upholds the principle of Indemnity
________________.
An insured has made application for a Animal Liability is excluded in the personal lines
Homeowners policy with Citizens. The Citizen's policy form
insured has a dog and has inquired
into the liability coverage in the
Citizen's HO-3 policy. You advise...
Which of the following is NOT a key To ensure high profits for Florida's financial service
objective of the Office of Financial providers
Regulation?
Kermit Deforg, a licensed insurance Kermit is guilty of twisting
agent, has advised his insured, Janet
Jax, to switch her Auto insurance
policy to new policy with his agency
so he can earn a commission for
writing a new policy and to be eligible
for a quarterly bonus. There is
absolutely no benefit to or for Janet in
making the move to the new policy.
Jack was injured in an automobile $6,000
accident and has a PIP Claim with
$8,000 in injuries and a $500 PIP
deductible. How much will Jack
receive as a claim payment from his
insurance company?
,Which of the following is a reason to Insured cannot obtain automobile insurance in the
seek coverage in the Florida Auto JUA: private - competitive market
Major Medical Insurance polices Catastrophic
protect against ____________ losses.
The doctrine of proximate cause unbroken chain of events
states that when there is an
____________________ between an
occurrence and damage that grows
out of the occurrence, then the
resultant damage is all a part of the
same occurrence.
Jill cannot find her Gucci watch Mysterious disappearance
anywhere and there is no sign of
forced or unlawful entry into her
home. This occurrence can be best
described as a ________________.
After a Health Insurance policy has 10 Day
been reinstated coverage for sickness
is subject to a ___ day waiting period.
The Citizens HO-3 policy has Replacement cost on contents
endorsements for:
Janice Hendrix was involved in a $0
single vehicle accident. She
unfortunately struck the roadbed with
her insured vehicle damaging the
undercarriage. She does not carry
Collision coverage and her policy has
Other Than Collision coverage with a
$100 deductible. Her vehicle has
$1,000 in damages; How much will the
insured collect as a claim payment
after applying the correct coverage
and deductible?
, Betty Bloom, your insured, is not a As a non-resident she is eligible if she has a vehicle
Florida resident; under what registered in Florida
circumstances will she be eligible for a
FAJUA policy?
All of the following are defined as a Any vehicle you own
"your covered auto" by the Personal
Auto Policy (PAP) EXCEPT?
The National Weather Service (NWS) 72 Hours
categorizes storms as a hurricane
which includes the time of a warning
AND all the way through to ___ hours
after the NWS terminates the warning.
The most stringent 'total disability' Complete inability to do any work
definition in a Disability Income
Insurance policy is:
All of the following are penalties for Repossession of the registered vehicle
non-compliance with Florida's
compulsory insurance requirements
EXCEPT:
__________________ in an insurance policy Policy limits
specifically express the dollar amount
of responsibility of the insurance
company to pay to the insured or on
behalf of the insured.
David was permanently injured in an $100,000
auto accident by the negligence of
Goliath. David's injuries are valued at
$250,000. Goliath has a liability
insurance policy with limits of
$50,000/$100,000/$50,000. David has
PIP and has recovered his full $10,000
limit, what will David's UMBI recovery
be if he carries $100,000/$300,000
non-stacked UMBI?
