Florida Personal Lines Exam Questions And Correct Verified Answers

FLORIDA PERSONAL LINES EXAM
QUESTIONS AND CORRECT VERIFIED
ANSWERS
UnderA2PartA2AA2ofA2aA2PersonalA2AutoA2Policy,A2whichA2ofA2theA2followingA2lossesA2would
A2beA2covered?


A.)A2DamageA2toA2propertyA2beingA2transportedA2byA2theA2insured
B.)A2DamageA2toA2aA2neighbor'sA2parkedA2car
C.)A2DamageA2toA2aA2neighbor'sA2lawnA2mowerA2inA2theA2careA2ofA2theA2insured
D.)A2DamageA2toA2theA2homeA2theA2insuredA2ownsA2-A2Ans--
B.)A2DamageA2toA2aA2neighbor'sA2parkedA2car

WhichA2ofA2theA2followingA2isA2trueA2regardingA2theA2FineA2ArtsA2Floater?

A.)A2CoverageA2isA2limitedA2toA2theA2UnitedA2States,A2Canada,A2andA2Mexico
B.)A2CoverageA2isA2primarilyA2forA2stampsA2andA2coins
C.)A2ItA2providesA2automaticA2coverageA2onA2newlyA2acquiredA2itemsA2forA290A2days
D.)A2ItA2settlesA2lossesA2onA2anA2ACVA2basisA2-A2Ans--
C.)A2ItA2providesA2automaticA2coverageA2onA2newlyA2acquiredA2itemsA2forA290A2days

AllA2ofA2theA2followingA2statementsA2areA2correctA2aboutA2aA2HomeownersA2Policy,A2exce
pt:

A.)A2HomeA2schoolingA2isA2coveredA2underA2aA2HomeownersA2Policy
B.)A2CoverageA2DA2ofA2aA2HomeownersA2PolicyA2includesA2lossA2ofA2incomeA2fromA2anA2in
cidentalA2business
C.)A2AA2HomeownersA2PolicyA2willA2notA2coverA2theftA2ofA2aA2boatA2awayA2fromA2premises
D.)A2CoverageA2DA2ofA2aA2HomeownersA2PolicyA2coversA2additionalA2livingA2expensesA2-
A2Ans--
B.)A2CoverageA2DA2ofA2aA2HomeownersA2PolicyA2includesA2lossA2ofA2incomeA2fromA2anA2in
cidentalA2business

UnderA2disabilityA2incomeA2insurance,A2aA2monthlyA2benefitA2willA2beA2________A2ofA2theA
2insured'sA2monthlyA2income.


A.)A280A21/2%
B.)A266A22/3%
C.)A270A22/3%
D.)A250A23/4%A2-A2Ans--B.)A266A22/3%

AllA2ofA2theA2followingA2itemsA2ofA2propertyA2areA2consideredA2propertyA2notA2coveredA2un
derA2CoverageA2CA2ofA2aA2HomeownersA2policy,A2except:

,A.)A2CreditA2cards
B.)A2PersonalA2propertyA2ofA2aA2guest
C.)A2Pets
D.)A2PersonalA2propertyA2ofA2aA2tenantA2-A2Ans--B.)A2PersonalA2propertyA2ofA2aA2guest

WhichA2ofA2theA2followingA2isA2NOTA2aA2purposeA2ofA2licensing?

A.)A2ForA2theA2applicantA2toA2beA2familiarA2withA2theA2FloridaA2insuranceA2laws
B.)A2ToA2authorizeA2andA2enableA2theA2licenseeA2toA2activelyA2andA2inA2goodA2faithA2enga
geA2inA2theA2insuranceA2businessA2asA2anA2agent
C.)A2ToA2facilitateA2theA2publicA2supervisionA2ofA2suchA2activitiesA2inA2theA2publicA2interest
D.)A2ToA2authorizeA2theA2agentA2toA2insureA2risksA2-A2Ans--
D.)A2ToA2authorizeA2theA2agentA2toA2insureA2risks

LiabilityA2coverageA2providedA2byA2aA2PersonalA2AutoA2policyA2wouldA2coverA2whichA2ofA2t
heA2followingA2damages?

A.)A2DamageA2toA2propertyA2beingA2transportedA2byA2theA2insuredA2inA2aA2coveredA2auto
B.)A2DamageA2toA2aA2privateA2garageA2rentedA2toA2theA2insured,A2causedA2byA2theA2insure
d'sA2childA2drivingA2aA2coveredA2auto
C.)A2DamageA2toA2aA2neighbor'sA2ridingA2lawnA2mowerA2thatA2isA2inA2theA2careA2ofA2theA2in
sured
D.)A2DamageA2toA2aA2storefrontA2causedA2byA2aA2valetA2driverA2operatingA2aA2coveredA2au
toA2-A2Ans--
B.)A2DamageA2toA2aA2privateA2garageA2rentedA2toA2theA2insured,A2causedA2byA2theA2insure
d'sA2childA2drivingA2aA2coveredA2auto

WhichA2policyA2provisionA2omitsA2certainA2risksA2fromA2coverage?

A.)A2Conditions
B.)A2AdditionalA2Coverages
C.)A2Exclusions
D.)A2DeclarationsA2-A2Ans--C.)A2Exclusions

WhenA2anA2underlyingA2policyA2doesA2notA2coverA2aA2particularA2loss,A2theA2insured'sA2U
mbrellaA2LiabilityA2policyA2willA2dropA2downA2andA2coverA2theA2entireA2loss,A2afterA2payme
ntA2byA2theA2insuredA2ofA2a:

A.)A2Deductible
B.)A2Self-insuredA2retention
C.)A2Copayment
D.)A2CommissionA2-A2Ans--B.)A2Self-insuredA2retention

LiabilityA2coverageA2mayA2beA2providedA2byA2aA2HomeownersA2policyA2forA2theA2insured's
A2useA2ofA2whichA2ofA2theA2followingA2watercraft?

,A.)A220-footA2sailingA2boat
B.)A2PrivateA2yachtA2ownedA2byA2theA2insured
C.)A2RentedA2pontoonA2boatA2toA2entertainA2businessA2clients
D.)A2RacingA2cruiserA2-A2Ans--A.)A220-footA2sailingA2boat

AnA2insuredA2ownsA2aA2homeA2withA2aA2replacementA2costA2ofA2$300,000A2andA2aA2marke
tA2valueA2ofA2$250,000.A2WhatA2isA2theA2mostA2aA2valuedA2policyA2willA2payA2inA2theA2event
A2ofA2aA2totalA2lossA2withoutA2aA2deductible?


A.)A2$240,000
B.)A2$250,000
C.)A2TheA2policyA2limit
D.)A2$300,000A2-A2Ans--C.)A2TheA2policyA2limit

PolicyholderA2JA2hitA2aA2deerA2withA2theirA2Honda.A2JA2hasA2collisionA2coverageA2withA2aA2
$250A2deductibleA2andA2otherA2thanA2collisionA2coverageA2withA2aA2$50A2deductible.A2The
A2damageA2toA2J'sA2carA2wasA2$450.A2HowA2muchA2willA2theA2policyA2pay?


A.)A2$200
B.)A2Nothing
C.)A2$400
D.)A2$150A2-A2Ans--C.)A2$400

UnderA2allA2theA2DwellingA2Forms,A2theA2dwellingA2describedA2inA2theA2DeclarationsA2isA2c
overedA2under:

A.)A2CoverageA2A
B.)A2CoverageA2B
C.)A2CoverageA2E
D.)A2CoverageA2CA2-A2Ans--A.)A2CoverageA2A

IfA2anA2owner-
occupiedA2homeA2isA2totallyA2destroyedA2withoutA2fraudA2byA2aA2fire,A2theA2amountA2ofA2th
eA2lossA2isA2basedA2on:

A.)A2TheA2coinsuranceA2value
B.)A2TheA2replacementA2value
C.)A2TheA2marketA2value
D.)A2TheA2policyA2limitA2-A2Ans--D.)A2TheA2policyA2limit

AA2falseA2statementA2inA2theA2applicationA2forA2insuranceA2isA2calledA2a:

A.)A2Warranty
B.)A2Concealment
C.)A2Representation
D.)A2MisrepresentationA2-A2Ans--D.)A2Misrepresentation

, WhenA2aA2claimantA2bringsA2aA2negligenceA2claimA2againstA2theA2insured,A2theA2courtA2de
terminesA2thatA2theA2claimantA2isA2partiallyA2responsibleA2forA2theA2loss,A2andA2theA2dama
gesA2theyA2areA2owedA2isA2reducedA2byA2theA2amountA2ofA2theirA2responsibility.A2ThisA2de
scribesA2whichA2defenseA2againstA2negligence?

A.)A2ComparativeA2negligence
B.)A2ContributoryA2negligence
C.)A2ContributoryA2risk
D.)A2ComparativeA2riskA2-A2Ans--A.)A2ComparativeA2negligence

AllA2ofA2theA2followingA2statementsA2aboutA2liabilityA2areA2true,A2except:

A.)A2TheA2burdenA2ofA2proofA2isA2onA2theA2injuredA2partyA2toA2proveA2thatA2theA2otherA2part
yA2wasA2negligent
B.)A2LiabilityA2policiesA2payA2costsA2incurredA2byA2anA2insuredA2toA2sueA2negligentA2thirdA2
parties
C.)A2AnA2insuredA2mayA2beA2liableA2forA2damagesA2toA2anA2injuredA2party,A2evenA2ifA2theyA
2areA2notA2deemedA2negligent
D.)A2BreachA2ofA2contractA2isA2notA2consideredA2anA2actA2ofA2negligenceA2-A2Ans--
B.)A2LiabilityA2policiesA2payA2costsA2incurredA2byA2anA2insuredA2toA2sueA2negligentA2thirdA2
parties

UnderA2PartA2AA2-
A2LiabilityA2CoverageA2ofA2aA2PersonalA2AutoA2policy,A2whichA2ofA2theA2followingA2stateme
ntsA2regardingA2theA2limitA2ofA2liabilityA2isA2incorrect?

A.)A2TheA2limitA2ofA2liabilityA2isA2theA2maximumA2theA2policyA2willA2payA2regardlessA2ofA2the
A2numberA2ofA2insureds
B.)A2TheA2limitA2ofA2liabilityA2isA2theA2maximumA2theA2policyA2willA2payA2regardlessA2ofA2the
A2numberA2ofA2vehiclesA2involvedA2inA2theA2accident
C.)A2IfA2theA2lossA2isA2coveredA2underA2moreA2thanA2oneA2partA2ofA2theA2policy,A2paymentA
2willA2beA2duplicated
D.)A2AA2combinedA2singleA2limitA2isA2theA2maximumA2theA2policyA2willA2payA2inA2anyA2oneA2
accidentA2forA2bodilyA2injuryA2andA2propertyA2damageA2-A2Ans--
C.)A2IfA2theA2lossA2isA2coveredA2underA2moreA2thanA2oneA2partA2ofA2theA2policy,A2paymentA
2willA2beA2duplicated


ActualA2cashA2valueA2mayA2beA2definedA2as:

A.)A2TheA2costA2toA2replaceA2orA2repairA2property,A2minusA2depreciation
B.)A2TheA2costA2toA2replaceA2orA2repairA2theA2property
C.)A2TheA2originalA2purchaseA2priceA2ofA2property,A2minusA2depreciation
D.)A2TheA2agreedA2uponA2specificA2valueA2determinedA2beforeA2theA2policyA2wasA2issuedA
2-A2Ans--A.)A2TheA2costA2toA2replaceA2orA2repairA2property,A2minusA2depreciation