Florida 4-40
Transferring the risk to an insurance company is known as
what? correct answersInsurance
When the insured request to have the company change a condition or
provision in an insurance policy the document attach to the policy is
referred to as what? correct answersEndorsement
George and Sandy only home which was damaged by fire who has
insurable interest correct answersGeorge and Sandy
What is the most common loss settlement valuation in the property
policies? correct answersActual cash value
The insurance company pays the insured for damages that should have
been collected from the app fault party now the insured right to seek
damages from the airport party are transferred to his insurance company
what best describes this concept correct answersSubrogation
PIP correct answersPersonal Injury
Protection Pip coverage is correct
answersPrimary
Tort Immunity correct answersRelief for persons who have suffered
harm from the wrongful acts of others
Extend PIP correct answersTo fill percentage gaps
Additional PIP increases limits to... correct answersIncrease dollar limit only
10,000 to 25,000 or more
Under Florida law what are the benefits payable for medical
expenses correct answers80%
Under Florida law what are the benefits payable for lost wages correct
answersUp to 60%
Death benefits correct answers5,000
Deductibles are how much correct answers$250,$500,$1000
, Cease to defend correct answersLimits exhausted by payment
Before an owner of a vehicle can't obtain a license plate and tag
registration the owner must purchase PIP coverage in property damage
liability coverage in the amount of correct answers$10,000
When will the individuals be requested to prove they are financially capable
three different times correct answersAt the time of an accident ( 2 )a major
traffic violation and
(3) an insurance vehicle is used in a felony
The minimum liability limits bar correct answers10/20/10
Which of the following does not trigger financial responsibility correct
answersAn accident with a small amount of property damage
FR-44 is for correct answersPeople who are convicted of dui or dwi
If convicted of a dui or dwi insured must correct answersPiggy 100% of the
premium in advance also carry 100/300/50 liability insurance coverage for
3 years
How long with the insured receive medical care when qualifying under
medical payments correct answersMedical Expenses and funeral services
three years from date of accident regardless of fault
Jon is walking across the street to go to the county fair and he is trucks as a
pedestrian buy a motorcycle which of the following provides coverage?
correct answersMedical payments
There is no deductible on correct answersWindshield
damage Rental coverage cost correct answers$20 a day /
$600 maximum
If the insured wants to purchase coverage for a non-owned auto when he
uses the vehicle for business or the car is furnished or his regular use or
when he carries people or property for a fee what would he purchase correct
answersThe extended non-owned endorsement
If the insured wants to purchase coverage for a motorhome motorcycle all
terrain vehicle golf cart or June buggy how can he acquire the coverage
under Pap? correct answersThe miscellaneous type vehicle endorsement
What is that Applicable time frame for insurer to send Notification of
cancellation or non- renewal correct answers45 days
What is not eligible for Fajua? correct answersA nonresident owning property
in Florida
Transferring the risk to an insurance company is known as
what? correct answersInsurance
When the insured request to have the company change a condition or
provision in an insurance policy the document attach to the policy is
referred to as what? correct answersEndorsement
George and Sandy only home which was damaged by fire who has
insurable interest correct answersGeorge and Sandy
What is the most common loss settlement valuation in the property
policies? correct answersActual cash value
The insurance company pays the insured for damages that should have
been collected from the app fault party now the insured right to seek
damages from the airport party are transferred to his insurance company
what best describes this concept correct answersSubrogation
PIP correct answersPersonal Injury
Protection Pip coverage is correct
answersPrimary
Tort Immunity correct answersRelief for persons who have suffered
harm from the wrongful acts of others
Extend PIP correct answersTo fill percentage gaps
Additional PIP increases limits to... correct answersIncrease dollar limit only
10,000 to 25,000 or more
Under Florida law what are the benefits payable for medical
expenses correct answers80%
Under Florida law what are the benefits payable for lost wages correct
answersUp to 60%
Death benefits correct answers5,000
Deductibles are how much correct answers$250,$500,$1000
, Cease to defend correct answersLimits exhausted by payment
Before an owner of a vehicle can't obtain a license plate and tag
registration the owner must purchase PIP coverage in property damage
liability coverage in the amount of correct answers$10,000
When will the individuals be requested to prove they are financially capable
three different times correct answersAt the time of an accident ( 2 )a major
traffic violation and
(3) an insurance vehicle is used in a felony
The minimum liability limits bar correct answers10/20/10
Which of the following does not trigger financial responsibility correct
answersAn accident with a small amount of property damage
FR-44 is for correct answersPeople who are convicted of dui or dwi
If convicted of a dui or dwi insured must correct answersPiggy 100% of the
premium in advance also carry 100/300/50 liability insurance coverage for
3 years
How long with the insured receive medical care when qualifying under
medical payments correct answersMedical Expenses and funeral services
three years from date of accident regardless of fault
Jon is walking across the street to go to the county fair and he is trucks as a
pedestrian buy a motorcycle which of the following provides coverage?
correct answersMedical payments
There is no deductible on correct answersWindshield
damage Rental coverage cost correct answers$20 a day /
$600 maximum
If the insured wants to purchase coverage for a non-owned auto when he
uses the vehicle for business or the car is furnished or his regular use or
when he carries people or property for a fee what would he purchase correct
answersThe extended non-owned endorsement
If the insured wants to purchase coverage for a motorhome motorcycle all
terrain vehicle golf cart or June buggy how can he acquire the coverage
under Pap? correct answersThe miscellaneous type vehicle endorsement
What is that Applicable time frame for insurer to send Notification of
cancellation or non- renewal correct answers45 days
What is not eligible for Fajua? correct answersA nonresident owning property
in Florida
