2/19 Florida Statutes, Rules and Regulations Pertinent to General Lines Insurance Exam Questions and Answers 100% Pass

2/19 Florida Statutes, Rules and Regulations Pertinent to General Lines Insurance Exam Questions and Answers 100% Pass Florida Automobile Joint Underwriting Association: - Correct Answer ️️ -Market source for persons who are unable to purchase Auto insurance through normal channels. Florida Automobile Joint Underwriting Association Operations: - Correct Answer ️️ - Operations are overseen by a Board of governors Deposit Premium by the applicant: - Correct Answer ️️ -Agents have the authority to intermediately bind coverage upon securing a completed and signed application and upon payment of the required deposit premium. Coverage trough the FAJUA is available to: - Correct Answer ️️ -Florida Residents, military nonresidents stationed in Florida and nonresidents for automobile registered in Florida or if subject to the Florida No Fault law. Maximum coverage under FAJUA: - Correct Answer ️️ -100/300/50 Commercial vehicles under FAJUA: - Correct Answer ️️ -For commercial vehicles the only coverage available are Liability, PIP and UM.may secure liability limits to 100/300/50 Physical Damage is available only for commercial vehicles under 10,000 pounds Citizens Property insurance Corporation: - Correct Answer ️️ -To be eligible the applicant must certify , they are unable to to obtain,and have no received an offer for residential property insurance , from any authorizes insurer that is less than 15% higher than the price quoted through Citizen. Citizens uninsurable properties: - Correct Answer ️️ -Citizens has several basic underwriting criteria. examples of uninsurable properties include: Vacant or unoccupied, properties over 50 years old unless the wiring, heating and roof have been updated,do-it yourself construction Citizens Property insurance Corporation: - Correct Answer ️️ -Coverage is provided for eligible risks using " standard" homeowners forms HO-3, 4, 6 and 8 and dwelling fire forms DP1 and DP3. Citizens Property insurance Corporation: - Correct Answer ️️ -Coverage are available for buildings under construction, but only if intended to be occupied by the name insured. replacement cost on content coverage is available on homeowners forms. Citizens Property Insurance Corporation - Correct Answer ️️ -There is no coverage for animal liability or off- premises theft. There are no endorsements available for schedule: Personal property, , special computer coverage, home day care, personal i