FL personal lines agent Exam Questions
With 100% sure Answer Rated A+
Which bonds are used to guarantee the Principal's activities in the collection and
reporting of taxes for controlled commodities. - CORRECT ANSWER-U.S Internal
Revenue Bonds
Chubbie Chessmate, your personal auto insured has PIP coverage with a $500
deductible. Chubbie was in an auto accident and has $20,000 of medical expenses how
much will Chubbie's insurance company pay her for her loss? - CORRECT ANSWER-
$10,000
The Commercial Property policy form Territory includes which of the following? -
CORRECT ANSWER-Canada, US, and Puerto Rico
The Commercial Inland Marine "Mail Coverage" form covers a shipper for all risks
against loss to property sent by: - CORRECT ANSWER-registered, first class, certified,
and express
Two CGL policies are determined to apply to the same loss. The first policy has a
$500,000 limit and the second policy has a $1,000,000 limit. If the insured is responsible
for a $300,000 claim how much will each policy be responsible for if both policies have
an Other Insurance provision which pays on a pro-rata basis? - CORRECT ANSWER-
they both pay $300,000
Which Homeowners policy form covers either an Owner Occupied or Tenant Occupied
condo exposure? - CORRECT ANSWER-HO-6
Your insured wants to make a change to her CGL policy you advise her.... - CORRECT
ANSWER-changes can be made by endorsement, in writing and must be agreed to by
the insurance company
,_______________ provide direct delivery of comprehensive health services to
members through employed physicians, with broad coverage, few exclusions, and small
or nonexistent deductibles and coinsurance provisions - CORRECT ANSWER-HMOs
The owner of a motor vehicle is subject to three penalties for non-compliance with the
compulsory No-Fault insurance requirements which include? - CORRECT ANSWER-no
"immunity" from legal liabilities which are granted to those who do comply with the No
Fault Law, Personal liability for payment of PIP benefits to those entitled to receive such
benefits, suspension of driver's license and vehicle registration
Billie has a PIP claim with $9,000 in injuries and a $0 PIP deductible. How much will
Billie receive as a claims payment from his insurance company? - CORRECT
ANSWER-$7,200
In the Ocean Marine policy, which term is used to define property that has suffered a
loss which has is damaged the property beyond repair? - CORRECT ANSWER-Actual
Total Loss
Charities Kars, your commercial auto insured, needs to have blanket liability coverage
for the use of "any auto". What symbol will you included in the Charities Kars
commercial auto policy to meet this need? - CORRECT ANSWER-Symbol 1
What is the Workers Compensation maximum limit for Medical Expenses in the Florida
Workers Compensation policy? - CORRECT ANSWER-there is no limit to the Medical
Expenses that are compensable under a Florida Workers Compensation policy if the
expenses are usual, customary, and reasonable for the care of an injured employee
If a claims adjuster makes an offer to a claimant and the offer is accepted what should
the adjuster do next? - CORRECT ANSWER-obtain a release and pay the claimant
The Personal Articles Floater (PAF) insures specific classes of property; all but which of
the following are true statements about the PAF? - CORRECT ANSWER-inherent vice
is an included peril
Which if any of the following statements is true regarding Commercial Package
Policies? 1. The business owners policy form is written on an "Open Perils" basis; 2.
, The Commercial Property section of the Commercial Package Policy is written on a
"Special Form" Cause of Loss basis - CORRECT ANSWER-Both statements are
correct
Which of the following concerning the Dwelling Fire program are correct? - CORRECT
ANSWER-DP-1 covers for limited names perils and ACV as loss settlement
The insurer may inspect books and records during the policy period and for ___ year(s)
therafter - CORRECT ANSWER-3
Carter Ken has been injured in the course and scope of his employment while operating
a motor vehicle. The other motorists has been determined to be responsible for Mr.
Ken's injuries. Is Mr. Ken's only remedy the Workers Compensation provided by his
employer?
(a) Mr. Ken's sole remedy is his company's Workers Compensation insurance.
(b) Mr. Ken can collect under his company's Workers Compensation OR he can make a
claim against the responsible motorists.
(c) Mr. Ken must make a claim against his own automobile insurance company under
his PIP.
(d) Mr. Ken can collect against both his company's Workers Compensation and the
responsible motorists. - CORRECT ANSWER-Mr. Ken can collect under his company's
Workers Compensation OR he can make a claim against responsible motorists
The Commercial Property policy excludes loss from employee dishonest and the
voluntary parting with property through trick or device. What policy can an insured
purchase to cover these exposures? - CORRECT ANSWER-Commercial Crime and
Employee Dishonesty insurance
The standard deductibles for a Citizens Homeowners policy are? - CORRECT
ANSWER-$1,00 all perils and 2% Hurricane
With 100% sure Answer Rated A+
Which bonds are used to guarantee the Principal's activities in the collection and
reporting of taxes for controlled commodities. - CORRECT ANSWER-U.S Internal
Revenue Bonds
Chubbie Chessmate, your personal auto insured has PIP coverage with a $500
deductible. Chubbie was in an auto accident and has $20,000 of medical expenses how
much will Chubbie's insurance company pay her for her loss? - CORRECT ANSWER-
$10,000
The Commercial Property policy form Territory includes which of the following? -
CORRECT ANSWER-Canada, US, and Puerto Rico
The Commercial Inland Marine "Mail Coverage" form covers a shipper for all risks
against loss to property sent by: - CORRECT ANSWER-registered, first class, certified,
and express
Two CGL policies are determined to apply to the same loss. The first policy has a
$500,000 limit and the second policy has a $1,000,000 limit. If the insured is responsible
for a $300,000 claim how much will each policy be responsible for if both policies have
an Other Insurance provision which pays on a pro-rata basis? - CORRECT ANSWER-
they both pay $300,000
Which Homeowners policy form covers either an Owner Occupied or Tenant Occupied
condo exposure? - CORRECT ANSWER-HO-6
Your insured wants to make a change to her CGL policy you advise her.... - CORRECT
ANSWER-changes can be made by endorsement, in writing and must be agreed to by
the insurance company
,_______________ provide direct delivery of comprehensive health services to
members through employed physicians, with broad coverage, few exclusions, and small
or nonexistent deductibles and coinsurance provisions - CORRECT ANSWER-HMOs
The owner of a motor vehicle is subject to three penalties for non-compliance with the
compulsory No-Fault insurance requirements which include? - CORRECT ANSWER-no
"immunity" from legal liabilities which are granted to those who do comply with the No
Fault Law, Personal liability for payment of PIP benefits to those entitled to receive such
benefits, suspension of driver's license and vehicle registration
Billie has a PIP claim with $9,000 in injuries and a $0 PIP deductible. How much will
Billie receive as a claims payment from his insurance company? - CORRECT
ANSWER-$7,200
In the Ocean Marine policy, which term is used to define property that has suffered a
loss which has is damaged the property beyond repair? - CORRECT ANSWER-Actual
Total Loss
Charities Kars, your commercial auto insured, needs to have blanket liability coverage
for the use of "any auto". What symbol will you included in the Charities Kars
commercial auto policy to meet this need? - CORRECT ANSWER-Symbol 1
What is the Workers Compensation maximum limit for Medical Expenses in the Florida
Workers Compensation policy? - CORRECT ANSWER-there is no limit to the Medical
Expenses that are compensable under a Florida Workers Compensation policy if the
expenses are usual, customary, and reasonable for the care of an injured employee
If a claims adjuster makes an offer to a claimant and the offer is accepted what should
the adjuster do next? - CORRECT ANSWER-obtain a release and pay the claimant
The Personal Articles Floater (PAF) insures specific classes of property; all but which of
the following are true statements about the PAF? - CORRECT ANSWER-inherent vice
is an included peril
Which if any of the following statements is true regarding Commercial Package
Policies? 1. The business owners policy form is written on an "Open Perils" basis; 2.
, The Commercial Property section of the Commercial Package Policy is written on a
"Special Form" Cause of Loss basis - CORRECT ANSWER-Both statements are
correct
Which of the following concerning the Dwelling Fire program are correct? - CORRECT
ANSWER-DP-1 covers for limited names perils and ACV as loss settlement
The insurer may inspect books and records during the policy period and for ___ year(s)
therafter - CORRECT ANSWER-3
Carter Ken has been injured in the course and scope of his employment while operating
a motor vehicle. The other motorists has been determined to be responsible for Mr.
Ken's injuries. Is Mr. Ken's only remedy the Workers Compensation provided by his
employer?
(a) Mr. Ken's sole remedy is his company's Workers Compensation insurance.
(b) Mr. Ken can collect under his company's Workers Compensation OR he can make a
claim against the responsible motorists.
(c) Mr. Ken must make a claim against his own automobile insurance company under
his PIP.
(d) Mr. Ken can collect against both his company's Workers Compensation and the
responsible motorists. - CORRECT ANSWER-Mr. Ken can collect under his company's
Workers Compensation OR he can make a claim against responsible motorists
The Commercial Property policy excludes loss from employee dishonest and the
voluntary parting with property through trick or device. What policy can an insured
purchase to cover these exposures? - CORRECT ANSWER-Commercial Crime and
Employee Dishonesty insurance
The standard deductibles for a Citizens Homeowners policy are? - CORRECT
ANSWER-$1,00 all perils and 2% Hurricane
