Personal Lines 52 Study Guide UPDATED
ACTUAL Exam Questions and CORRECT
Answers
Define Owner for PIP. - CORRECT ANSWER - - Legal Title
- Debtor in possession
- Lessor of 6 months
When must a non-resident comply with no fault? - CORRECT ANSWER - When their car
has been in Florida 90 days of the last 365 days. (non-consecutive)
What does extended PIP do? - CORRECT ANSWER - Increases % from 80 to 100 and 60
to 80.
Glenn has basic PIP with 1,000 deductible. Med bills of 6,000. How much is recoverable in tort.
- CORRECT ANSWER - 6,000 - 1,000 = 5,000 x .8 = 4,000 paid by PIP
2,000 is recoverable in tort.
Non-Resident Situation - CORRECT ANSWER - - Must comply with PIP if vehicle here
for 90 days of last 365 days, non consecutive
- PIP available if occupying vehicle
- No PIP if struck as pedestrian
Define Excess Insurance. - CORRECT ANSWER - Other insurance must be exhausted
before policy will apply.
What is the Florida Value Policy Law? - CORRECT ANSWER - If total loss by a covered
peril the company must pay the policy limit regardless of property value.
, Glenn has 25/50/10. He was in an accident with the following:
BI 30,000
BI 10,000
PD 12,000
How much will the company pay? - CORRECT ANSWER - BI 30,000 company pays
25,000
BI 10,000 company pays 10,000
PD 12,000 company pays 10,000
Company pays a total of 45,000
Glenn is driving Kevin's car. Who's policy is primary and who's is excess? - CORRECT
ANSWER - Kevin's policy is primary and Glenn's is secondary. The car in the accident is
primary.
Supplementary Liability Payments - CORRECT ANSWER - Bail Bonds up to $250
Release of attachment Bonds
Interest on Judgments
Earnings Loss up to $200 per day
Full cost of Defense
A medical bill can be paid by:
MedPay
Worker's Comp
PIP
What is the proper payment order of the policies? - CORRECT ANSWER - Worker's
Comp
PIP
MedPay
ACTUAL Exam Questions and CORRECT
Answers
Define Owner for PIP. - CORRECT ANSWER - - Legal Title
- Debtor in possession
- Lessor of 6 months
When must a non-resident comply with no fault? - CORRECT ANSWER - When their car
has been in Florida 90 days of the last 365 days. (non-consecutive)
What does extended PIP do? - CORRECT ANSWER - Increases % from 80 to 100 and 60
to 80.
Glenn has basic PIP with 1,000 deductible. Med bills of 6,000. How much is recoverable in tort.
- CORRECT ANSWER - 6,000 - 1,000 = 5,000 x .8 = 4,000 paid by PIP
2,000 is recoverable in tort.
Non-Resident Situation - CORRECT ANSWER - - Must comply with PIP if vehicle here
for 90 days of last 365 days, non consecutive
- PIP available if occupying vehicle
- No PIP if struck as pedestrian
Define Excess Insurance. - CORRECT ANSWER - Other insurance must be exhausted
before policy will apply.
What is the Florida Value Policy Law? - CORRECT ANSWER - If total loss by a covered
peril the company must pay the policy limit regardless of property value.
, Glenn has 25/50/10. He was in an accident with the following:
BI 30,000
BI 10,000
PD 12,000
How much will the company pay? - CORRECT ANSWER - BI 30,000 company pays
25,000
BI 10,000 company pays 10,000
PD 12,000 company pays 10,000
Company pays a total of 45,000
Glenn is driving Kevin's car. Who's policy is primary and who's is excess? - CORRECT
ANSWER - Kevin's policy is primary and Glenn's is secondary. The car in the accident is
primary.
Supplementary Liability Payments - CORRECT ANSWER - Bail Bonds up to $250
Release of attachment Bonds
Interest on Judgments
Earnings Loss up to $200 per day
Full cost of Defense
A medical bill can be paid by:
MedPay
Worker's Comp
PIP
What is the proper payment order of the policies? - CORRECT ANSWER - Worker's
Comp
PIP
MedPay
