Florida Statutes, Rules and Regulations Pertinent to Personal Lines Insurance Exam Questions and Answers | Verified & Updated

Florida Statutes, Rules and Regulations Pertinent to Personal Lines Insurance Exam Questions and Answers | Verified & Updated . - Answer ️️ -Uninsured/Underinsured Motorist Coverage pays for bodily injury to the insured and members of the insured's family arising out of an accident caused by the negligence of an at- fault party that either does not have insurance or has insurance with limits inadequate to pay for the damages incurred or when injurie are caused by a hit-and-run vehicle. nonrenewal, cancellation, or termination - Answer ️️ -advance notice must be at least45 days other than nonpayment of premium. Premium Financing - Answer ️️ -agent may make reasonable service charges for financial insurance premiums on policies issued, . The service charge cannot exceed $3 per installment Citizens Property Insurance Corporation - Answer ️️ -offer coverage on properties in areas of Florida deemed especially susceptible to windstorm damages. Windstorm and hail are the only perils provided coverage miscellaneous type vehicle - Answer ️️ -expand the definition of a covered auto to include motorized vehicles such as motorcycles, motor homes, golf carts, dune buggies, and other recreational vehicles Florida Automobile Joint Underwriting Association - Answer ️️ -provide coverage to individuals that are unable to secure coverage in the voluntary market, but otherwise qualify for automobile insurance (must have a valid driver's license Surplus Lines - Answer ️️ -limited to insurance that is difficult to place, or insurance that is not readily available through an authorized insurer in the state