FLORIDA GENERAL LINES STUDY GUIDE 2025/2026
QUESTIONS AND SOLUTIONS GRADED A+
✔✔burglary - ✔✔As it is defined in crime insurance policy, the taking of property by a
person unlawfully entering or leaving the premises, as evidenced by visible sign of
forced entry or exit.
✔✔business Auto coverage form - ✔✔A form which is a part of the commercial Auto
coverage and is designed to cover the auto exposure of businesses, other than the
trucker's or garages.
✔✔business income form - ✔✔a coverage which reimburse the insured for loss of
entering due to an interruption in operation caused by a covered peril; available with or
without extra expense. One of the commercial property forms available as part of the
commercial package policy.
✔✔business Pursuits endorsement - ✔✔an endorsement to a homeowners policy which
provide coverage against occupational liabilities for those who are employed by others.
✔✔businessowners policy - ✔✔a multiple Peril, multi-line package policy designed to
provide broad Property and Casualty coverages for small businesses.
✔✔camera and musical instrument dealers form - ✔✔an all risk inland Marine dealers
form that cover stocks of merchandise at the insured premises, in transit, away in an
employee's custody or elsewhere.
✔✔cargo liability coverage - ✔✔Protects against legal liability for loss or damage to
Cargo or baggage. Maybe part of an ocean Marine Corps Aviation policy.
✔✔Casualty Insurance - ✔✔A line of insurance which historically has included a wide
variety of unrelated coverage other than life and health. One important coverage in the
casualty line is liability. Casualty also include Aviation, Auto, boiler and Machinery,
crime, workers compensation and Surety bonds.
✔✔cause of loss form - ✔✔a form which is part of the commercial property coverage
part of the commercial package policy. It specifies what perils are insured against and
list exclusions. Several different versions provide increasingly broad coverage from
basic to Broad to special. an earthquake form is also available.
✔✔claim - ✔✔the assertion of legal rights against an insurer, that carries with it a
demand for appropriate relief
✔✔claims made form - ✔✔a liability form which is part of the commercial general liability
part of the commercial package policy. Covers bodily injury and property damage which
, occurs on or after the retroactive date, if any, and for which a claim is first made during
the policy period.
✔✔Coininsurance clause - ✔✔a clause that requires an insurance to pay of a loss if the
coverage provided under the policy limit is less than a specified percentage of the value
of the property at the time of loss.
✔✔Collision - ✔✔a type of physical damage insurance which covers lost due to the
insured object striking another object. Collisions may also include upset of the insured
object.
✔✔commercial package policy - ✔✔a simplified, easy to read commercial package
policy introduced by ISO. includes the general liability, commercial property, commercial
Inland Marine, commercial crime/employee dishonesty, boiler and machinery ,
Commercial Auto, Farm, liquor liability, pollution liability, professional liability and
employee related practice liability. Forms may be used in the package policy or may be
used to issue monoline policy.
✔✔common policy conditions - ✔✔a form containing conditions that apply to all
coverage issued under the commercial package policy program.
✔✔comprehensive coverage - ✔✔in automobile insurance, a broad physical damage
coverage which covers property losses except collisions and those perils or property
which are specifically excluded.
✔✔Computer Fraud coverage form - ✔✔a form which is a part of the commercial
computer crime coverage part of the commercial package policy. It covers lost of all
types of property by theft related to the use of computers to fraudulently cause a
transfer of property from inside the insured's or a banking premises.
✔✔concealment - ✔✔The with holding of a material fact from the insurance company.
May void the policy.
✔✔conditionally renewable - ✔✔a type of health insurance cancellation Clause that
states that the insurer can refuse to renew the policy only under certain conditions
stated in the policy.
✔✔conditions - ✔✔the portion of an insurance contract which sets for the rights and
duties of the insured and the insurance company.
✔✔Condominium Association coverage form - ✔✔a part of the commercial property
coverage parts of the commercial package policy which covers the buildings in a
condominium complex (not the unit owners personal property).
QUESTIONS AND SOLUTIONS GRADED A+
✔✔burglary - ✔✔As it is defined in crime insurance policy, the taking of property by a
person unlawfully entering or leaving the premises, as evidenced by visible sign of
forced entry or exit.
✔✔business Auto coverage form - ✔✔A form which is a part of the commercial Auto
coverage and is designed to cover the auto exposure of businesses, other than the
trucker's or garages.
✔✔business income form - ✔✔a coverage which reimburse the insured for loss of
entering due to an interruption in operation caused by a covered peril; available with or
without extra expense. One of the commercial property forms available as part of the
commercial package policy.
✔✔business Pursuits endorsement - ✔✔an endorsement to a homeowners policy which
provide coverage against occupational liabilities for those who are employed by others.
✔✔businessowners policy - ✔✔a multiple Peril, multi-line package policy designed to
provide broad Property and Casualty coverages for small businesses.
✔✔camera and musical instrument dealers form - ✔✔an all risk inland Marine dealers
form that cover stocks of merchandise at the insured premises, in transit, away in an
employee's custody or elsewhere.
✔✔cargo liability coverage - ✔✔Protects against legal liability for loss or damage to
Cargo or baggage. Maybe part of an ocean Marine Corps Aviation policy.
✔✔Casualty Insurance - ✔✔A line of insurance which historically has included a wide
variety of unrelated coverage other than life and health. One important coverage in the
casualty line is liability. Casualty also include Aviation, Auto, boiler and Machinery,
crime, workers compensation and Surety bonds.
✔✔cause of loss form - ✔✔a form which is part of the commercial property coverage
part of the commercial package policy. It specifies what perils are insured against and
list exclusions. Several different versions provide increasingly broad coverage from
basic to Broad to special. an earthquake form is also available.
✔✔claim - ✔✔the assertion of legal rights against an insurer, that carries with it a
demand for appropriate relief
✔✔claims made form - ✔✔a liability form which is part of the commercial general liability
part of the commercial package policy. Covers bodily injury and property damage which
, occurs on or after the retroactive date, if any, and for which a claim is first made during
the policy period.
✔✔Coininsurance clause - ✔✔a clause that requires an insurance to pay of a loss if the
coverage provided under the policy limit is less than a specified percentage of the value
of the property at the time of loss.
✔✔Collision - ✔✔a type of physical damage insurance which covers lost due to the
insured object striking another object. Collisions may also include upset of the insured
object.
✔✔commercial package policy - ✔✔a simplified, easy to read commercial package
policy introduced by ISO. includes the general liability, commercial property, commercial
Inland Marine, commercial crime/employee dishonesty, boiler and machinery ,
Commercial Auto, Farm, liquor liability, pollution liability, professional liability and
employee related practice liability. Forms may be used in the package policy or may be
used to issue monoline policy.
✔✔common policy conditions - ✔✔a form containing conditions that apply to all
coverage issued under the commercial package policy program.
✔✔comprehensive coverage - ✔✔in automobile insurance, a broad physical damage
coverage which covers property losses except collisions and those perils or property
which are specifically excluded.
✔✔Computer Fraud coverage form - ✔✔a form which is a part of the commercial
computer crime coverage part of the commercial package policy. It covers lost of all
types of property by theft related to the use of computers to fraudulently cause a
transfer of property from inside the insured's or a banking premises.
✔✔concealment - ✔✔The with holding of a material fact from the insurance company.
May void the policy.
✔✔conditionally renewable - ✔✔a type of health insurance cancellation Clause that
states that the insurer can refuse to renew the policy only under certain conditions
stated in the policy.
✔✔conditions - ✔✔the portion of an insurance contract which sets for the rights and
duties of the insured and the insurance company.
✔✔Condominium Association coverage form - ✔✔a part of the commercial property
coverage parts of the commercial package policy which covers the buildings in a
condominium complex (not the unit owners personal property).
