Florida Personal Lines Exam Questions &
Answers Latest Update
Terms in this set (300)
Under Part A of a Personal Auto Policy, B.) Damage to a neighbor's parked car
which of the following losses would be
covered?
A.) Damage to property being
transported by the insured
B.) Damage to a neighbor's parked car
C.) Damage to a neighbor's lawn mower
in the care of the insured
D.) Damage to the home the insured owns
Which of the following is true regarding C.) It provides automatic coverage on newly acquired items for 90 days
the Fine Arts Floater?
A.) Coverage is limited to the United
States, Canada, and Mexico
B.) Coverage is primarily for stamps and
coins
C.) It provides automatic coverage on
newly acquired items for 90 days
D.) It settles losses on an ACV basis
,All of the following statements are B.) Coverage D of a Homeowners Policy includes loss of income from an
correct about a Homeowners Policy, incidental business
except:
A.) Home schooling is covered under a
Homeowners Policy
B.) Coverage D of a Homeowners Policy
includes loss of income from an incidental
business
C.) A Homeowners Policy will not cover
theft of a boat away from premises
D.) Coverage D of a Homeowners Policy
covers additional living expenses
Under disability income insurance, a B.) 66 2/3%
monthly benefit will be______ of the
insured's monthly income.
A.) 80 1/2%
B.) 66 2/3%
C.) 70 2/3%
D.) 50 3/4%
All of the following items of property are B.) Personal property of a guest
considered property not covered under
Coverage C of a Homeowners policy,
except:
A.) Credit cards
B.) Personal property of a guest
C.) Pets
D.) Personal property of a tenant
Which of the following is NOT a purpose D.) To authorize the agent to insure risks
of licensing?
A.) For the applicant to be familiar with
the Florida insurance laws
B.) To authorize and enable the licensee
to actively and in good faith engage in
the insurance business as an agent
C.) To facilitate the public supervision of
such activities in the public interest
D.) To authorize the agent to insure risks
Liability coverage provided by a Personal B.) Damage to a private garage rented to the insured, caused by the insured's
Auto policy would cover which of the child driving a covered auto
following damages?
A.) Damage to property being
transported by the insured in a covered
auto
B.) Damage to a private garage rented to
the insured, caused by the insured's child
driving a covered auto
C.) Damage to a neighbor's riding lawn
mower that is in the care of the insured
D.) Damage to a storefront caused by a
valet driver operating a covered auto
,Which policy provision omits certain risks C.) Exclusions
from coverage?
A.) Conditions
B.) Additional Coverages
C.) Exclusions
D.) Declarations
When an underlying policy does not B.) Self-insured retention
cover a particular loss, the insured's
Umbrella Liability policy will drop down
and cover the entire loss, after payment
by the insured of a:
A.) Deductible
B.) Self-insured retention
C.) Copayment
D.) Commission
Liability coverage may be provided by a A.) 20-foot sailing boat
Homeowners policy for the insured's use
of which of the following watercraft?
A.) 20-foot sailing boat
B.) Private yacht owned by the insured
C.) Rented pontoon boat to entertain
business clients
D.) Racing cruiser
An insured owns a home with a C.) The policy limit
replacement cost of $300,000 and a
market value of $250,000. What is the
most a valued policy will pay in the event
of a total loss without a deductible?
A.) $240,000
B.) $250,000
C.) The policy limit
D.) $300,000
Policyholder J hit a deer with their Honda. C.) $400
J has collision coverage with a $250
deductible and other than collision
coverage with a $50 deductible. The
damage to J's car was $450. How much
will the policy pay?
A.) $200
B.) Nothing
C.) $400
D.) $150
Under all the Dwelling Forms, the A.) Coverage A
dwelling described in the Declarations is
covered under:
A.) Coverage A
B.) Coverage B
C.) Coverage E
D.) Coverage C
, If an owner-occupied home is totally D.) The policy limit
destroyed without fraud by a fire, the
amount of the loss is based on:
A.) The coinsurance value
B.) The replacement value
C.) The market value
D.) The policy limit
A false statement in the application for D.) Misrepresentation
insurance is called a:
A.) Warranty
B.) Concealment
C.) Representation
D.) Misrepresentation
When a claimant brings a negligence A.) Comparative negligence
claim against the insured, the court
determines that the claimant is partially
responsible for the loss, and the damages
they are owed is reduced by the amount
of their responsibility. This describes
which defense against negligence?
A.) Comparative negligence
B.) Contributory negligence
C.) Contributory risk
D.) Comparative risk
All of the following statements about B.) Liability policies pay costs incurred by an insured to sue negligent third parties
liability are true, except:
A.) The burden of proof is on the injured
party to prove that the other party was
negligent
B.) Liability policies pay costs incurred by
an insured to sue negligent third parties
C.) An insured may be liable for damages
to an injured party, even if they are not
deemed negligent
D.) Breach of contract is not considered
an act of negligence
Under Part A - Liability Coverage of a C.) If the loss is covered under more than one part of the policy, payment will be
Personal Auto policy, which of the duplicated
following statements regarding the limit
of liability is incorrect?
A.) The limit of liability is the maximum the
policy will pay regardless of the number
of insureds
B.) The limit of liability is the maximum the
policy will pay regardless of the number
of vehicles involved in the accident
C.) If the loss is covered under more than
one part of the policy, payment will be
duplicated
D.) A combined single limit is the
maximum the policy will pay in any one
accident for bodily injury and property
damage
Answers Latest Update
Terms in this set (300)
Under Part A of a Personal Auto Policy, B.) Damage to a neighbor's parked car
which of the following losses would be
covered?
A.) Damage to property being
transported by the insured
B.) Damage to a neighbor's parked car
C.) Damage to a neighbor's lawn mower
in the care of the insured
D.) Damage to the home the insured owns
Which of the following is true regarding C.) It provides automatic coverage on newly acquired items for 90 days
the Fine Arts Floater?
A.) Coverage is limited to the United
States, Canada, and Mexico
B.) Coverage is primarily for stamps and
coins
C.) It provides automatic coverage on
newly acquired items for 90 days
D.) It settles losses on an ACV basis
,All of the following statements are B.) Coverage D of a Homeowners Policy includes loss of income from an
correct about a Homeowners Policy, incidental business
except:
A.) Home schooling is covered under a
Homeowners Policy
B.) Coverage D of a Homeowners Policy
includes loss of income from an incidental
business
C.) A Homeowners Policy will not cover
theft of a boat away from premises
D.) Coverage D of a Homeowners Policy
covers additional living expenses
Under disability income insurance, a B.) 66 2/3%
monthly benefit will be______ of the
insured's monthly income.
A.) 80 1/2%
B.) 66 2/3%
C.) 70 2/3%
D.) 50 3/4%
All of the following items of property are B.) Personal property of a guest
considered property not covered under
Coverage C of a Homeowners policy,
except:
A.) Credit cards
B.) Personal property of a guest
C.) Pets
D.) Personal property of a tenant
Which of the following is NOT a purpose D.) To authorize the agent to insure risks
of licensing?
A.) For the applicant to be familiar with
the Florida insurance laws
B.) To authorize and enable the licensee
to actively and in good faith engage in
the insurance business as an agent
C.) To facilitate the public supervision of
such activities in the public interest
D.) To authorize the agent to insure risks
Liability coverage provided by a Personal B.) Damage to a private garage rented to the insured, caused by the insured's
Auto policy would cover which of the child driving a covered auto
following damages?
A.) Damage to property being
transported by the insured in a covered
auto
B.) Damage to a private garage rented to
the insured, caused by the insured's child
driving a covered auto
C.) Damage to a neighbor's riding lawn
mower that is in the care of the insured
D.) Damage to a storefront caused by a
valet driver operating a covered auto
,Which policy provision omits certain risks C.) Exclusions
from coverage?
A.) Conditions
B.) Additional Coverages
C.) Exclusions
D.) Declarations
When an underlying policy does not B.) Self-insured retention
cover a particular loss, the insured's
Umbrella Liability policy will drop down
and cover the entire loss, after payment
by the insured of a:
A.) Deductible
B.) Self-insured retention
C.) Copayment
D.) Commission
Liability coverage may be provided by a A.) 20-foot sailing boat
Homeowners policy for the insured's use
of which of the following watercraft?
A.) 20-foot sailing boat
B.) Private yacht owned by the insured
C.) Rented pontoon boat to entertain
business clients
D.) Racing cruiser
An insured owns a home with a C.) The policy limit
replacement cost of $300,000 and a
market value of $250,000. What is the
most a valued policy will pay in the event
of a total loss without a deductible?
A.) $240,000
B.) $250,000
C.) The policy limit
D.) $300,000
Policyholder J hit a deer with their Honda. C.) $400
J has collision coverage with a $250
deductible and other than collision
coverage with a $50 deductible. The
damage to J's car was $450. How much
will the policy pay?
A.) $200
B.) Nothing
C.) $400
D.) $150
Under all the Dwelling Forms, the A.) Coverage A
dwelling described in the Declarations is
covered under:
A.) Coverage A
B.) Coverage B
C.) Coverage E
D.) Coverage C
, If an owner-occupied home is totally D.) The policy limit
destroyed without fraud by a fire, the
amount of the loss is based on:
A.) The coinsurance value
B.) The replacement value
C.) The market value
D.) The policy limit
A false statement in the application for D.) Misrepresentation
insurance is called a:
A.) Warranty
B.) Concealment
C.) Representation
D.) Misrepresentation
When a claimant brings a negligence A.) Comparative negligence
claim against the insured, the court
determines that the claimant is partially
responsible for the loss, and the damages
they are owed is reduced by the amount
of their responsibility. This describes
which defense against negligence?
A.) Comparative negligence
B.) Contributory negligence
C.) Contributory risk
D.) Comparative risk
All of the following statements about B.) Liability policies pay costs incurred by an insured to sue negligent third parties
liability are true, except:
A.) The burden of proof is on the injured
party to prove that the other party was
negligent
B.) Liability policies pay costs incurred by
an insured to sue negligent third parties
C.) An insured may be liable for damages
to an injured party, even if they are not
deemed negligent
D.) Breach of contract is not considered
an act of negligence
Under Part A - Liability Coverage of a C.) If the loss is covered under more than one part of the policy, payment will be
Personal Auto policy, which of the duplicated
following statements regarding the limit
of liability is incorrect?
A.) The limit of liability is the maximum the
policy will pay regardless of the number
of insureds
B.) The limit of liability is the maximum the
policy will pay regardless of the number
of vehicles involved in the accident
C.) If the loss is covered under more than
one part of the policy, payment will be
duplicated
D.) A combined single limit is the
maximum the policy will pay in any one
accident for bodily injury and property
damage
