Florida 2-20 exam with correct answers,

Florida 2-20 exam with correct answers |\ |\ |\ |\ |\




Who may appoint a Customer Representative?
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Select one: |\




A. A surplus lines agent holding a general lines license
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and a surplus lines license
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B. A general lines agent or a general lines insurance
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agency |\




C. An adjuster
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D. An insurance company - CORRECT ANSWERS ✔✔B. A
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general lines agent or a general lines insurance agency
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Mr. Smith lives in New Jersey but visits Florida each year.
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When does he come under the Florida No-Fault system, in
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any 365-day period?
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Select one: |\




A. After 60 days in Florida
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B. After 30 days in Florida
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C. After 14 days in Florida
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D. After 90 days in Florida - CORRECT ANSWERS ✔✔D.
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After 90 days in Florida
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,A Hospital Indemnity Policy covers which of the following
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expenses?
Select one: |\




A. A flat amount per day for hospital room and board
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B. Nursing care in the insured's home
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C. Medical supplies
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D. Surgical fees incurred in the hospital - CORRECT
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ANSWERS ✔✔A. A flat amount per day for hospital room |\ |\ |\ |\ |\ |\ |\ |\ |\ |\



and board |\




Under the Garagekeepers coverage, Section III of the
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Garage policy, the insured suffers a single vandalism loss
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to nine (9) vehicles belonging to customers. Damage is
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$100 per vehicle. How much will the policy pay?
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Select one: |\




A. $500 |\ |\




B. $900 |\ |\




C. Nothing|\ |\




D. $400 - CORRECT ANSWERS ✔✔D. $400
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Bob, an accountant of XYZ, drives his own car to the bank
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to make a deposit for XYZ. Bob has an at-fault accident. If
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XYZ carries $1,000,000 Bodily Injury/Property Damage
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coverage with a Symbol 2 for covered autos, and Bob |\ |\ |\ |\ |\ |\ |\ |\ |\ |\

,carries no insurance, how much coverage is applicable for
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XYZ?
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Select one: |\




A. No coverage
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B. $10,000/$20,000 Bodily Injury and $10,000 Property
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Damage |\




C. $1,000,000
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D. $500,000 - CORRECT ANSWERS ✔✔A. No coverage
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Unless properly licensed an general lines agent cannot
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Select one: |\




A. All of these answers are correct
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B. Receive any money on account for any insurer or
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receive money to be transmitted to an insurer for a
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policy, renewal, endorsement or certificate
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C. Solicit insurance or procure applications for insurance
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D. Directly or indirectly represent himself or herself to be
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an agent or receive, deliver or forward any insurance
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policy within the state - CORRECT ANSWERS ✔✔A. All of
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these answers are correct|\ |\ |\




At the time of a loss, it is found that the covered building
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had been vacant for the period of 75 consecutive days
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immediately preceding the loss. Which of the following |\ |\ |\ |\ |\ |\ |\ |\



perils would not be covered?
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, Select one: |\




A. All of these answers are correct
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B. Windstorm
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C. Fire
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D. Vandalism - CORRECT ANSWERS ✔✔D. Vandalism
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Homeowner's Coverage C - Personal Property covers each |\ |\ |\ |\ |\ |\ |\



of the following situations except?
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Select one: |\




A. The property of a guest anywhere in the world
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B. The insured's personal property while in Mexico at a
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secondary dwelling |\ |\




C. A resident employee's contents at the insured's
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dwelling |\




D. The property of others while located at the insured's
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dwelling at the insured's request - CORRECT ANSWERS
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✔✔A. The property of a guest anywhere in the world
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Under a basic Boiler and Machinery Form, with no special
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endorsements, which of the following losses would be |\ |\ |\ |\ |\ |\ |\ |\



covered? |\




Select one: |\




A. The insured suffers loss of income following an
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accident to a covered object |\ |\ |\ |\ |\