28/06/2025, 09:04 Insurance Customer Service Rep 440 EXAM comprehensive questions and verified accurate solution (detailed & elaborated) 2025…
Insurance Customer Service Rep 440 EXAM
comprehensive questions and verified accurate
solution (detailed & elaborated) 2025 TEST!!
Save
Terms in this set (50)
Fire, lightning, explosion, theft, windstorm, hail,
earthquake, flood, mischief or vandalism, or the
Examples of Peril
sinking, burning, collision or derailment of a
conveying transport.
How long does one have 30 days
to notify the Department
of Financial Services for a
Name and/or Address
Change?
Replacement cost applies to single family building
losses for an individual insured's principal residence
Coinsurance Clause (insured lives in the dwelling at least 80% of the time
and dwelling is insured for at least 80% of
replacement cost).
If a building valued at $250,000 is insured with a
policy containing an 80% coinsurance clause, the
Coinsurance Clause policyholder must purchase at least $200,000 in
Example coverage. If the policyholder purchased less than
$200,000, he or she would be responsible for a
proportionate share of the loss.
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, 28/06/2025, 09:04 Insurance Customer Service Rep 440 EXAM comprehensive questions and verified accurate solution (detailed & elaborated) 2025…
o (1) The legally valid claims of others must be
What are the Minimum
satisfied (up to the 10/20/10 requirements).
Requirements for the
o (2) The owner and operator must provide
Financial Responsibility
certification of financial responsibility for future
Law (there are two)?
accidents (SR-22, discussed below).
Understand PIP and how it o Personal Injury Protection - Pays primary (excluding
may apply to a given injuries related to Workers Comp) for Bodily Injury to
scenario (Review the PIP You and Relatives, regardless of fault. If a passenger
Activity). has insurance, their own PIP will pay out.
o Florida courts have held PIP is excess over Workers
Compensation (in almost all cases when Workers
Compensation is involved, there won't be a need for
PIP Versus Workers both coverage's to pay out).
Compensation: Which is o Medical Payments coverage is issued on an excess
excess? basis to coordinate with PIP coverage.
o Medical Payments would cover only amounts in
excess of the 80% of reasonable expenses covered
by PIP.
Medical: 80%, Work Loss: 60%, Replacement Services:
Understand the Basic Pip
100%, Death: $5,000 IN ADDITION to the $10,000 in
Benefits.
medical and disability benefits afforded by PIP
How does PIP apply to In Florida - The No-Fault Law has no applicability and
Pedestrians: In and out of usual legal remedies and other insurance coverage's
the State? are to be relied upon.
Hail Storm damages hood, animal runs into car and
Be able to identify
windshield replacement are common examples of
examples of when "Other
when this coverage is used.
than Collision" (also
referred to as
Losses from glass breakage, hitting a bird or animal,
Comprehensive
and falling objects or missiles (although they are from
Coverage) is used.
collisions with another object) are covered
https://quizlet.com/1057371671/insurance-customer-service-rep-440-exam-comprehensive-questions-and-verified-accurate-solution-detailed-elaborate… 2/9
Insurance Customer Service Rep 440 EXAM
comprehensive questions and verified accurate
solution (detailed & elaborated) 2025 TEST!!
Save
Terms in this set (50)
Fire, lightning, explosion, theft, windstorm, hail,
earthquake, flood, mischief or vandalism, or the
Examples of Peril
sinking, burning, collision or derailment of a
conveying transport.
How long does one have 30 days
to notify the Department
of Financial Services for a
Name and/or Address
Change?
Replacement cost applies to single family building
losses for an individual insured's principal residence
Coinsurance Clause (insured lives in the dwelling at least 80% of the time
and dwelling is insured for at least 80% of
replacement cost).
If a building valued at $250,000 is insured with a
policy containing an 80% coinsurance clause, the
Coinsurance Clause policyholder must purchase at least $200,000 in
Example coverage. If the policyholder purchased less than
$200,000, he or she would be responsible for a
proportionate share of the loss.
https://quizlet.com/1057371671/insurance-customer-service-rep-440-exam-comprehensive-questions-and-verified-accurate-solution-detailed-elaborate… 1/9
, 28/06/2025, 09:04 Insurance Customer Service Rep 440 EXAM comprehensive questions and verified accurate solution (detailed & elaborated) 2025…
o (1) The legally valid claims of others must be
What are the Minimum
satisfied (up to the 10/20/10 requirements).
Requirements for the
o (2) The owner and operator must provide
Financial Responsibility
certification of financial responsibility for future
Law (there are two)?
accidents (SR-22, discussed below).
Understand PIP and how it o Personal Injury Protection - Pays primary (excluding
may apply to a given injuries related to Workers Comp) for Bodily Injury to
scenario (Review the PIP You and Relatives, regardless of fault. If a passenger
Activity). has insurance, their own PIP will pay out.
o Florida courts have held PIP is excess over Workers
Compensation (in almost all cases when Workers
Compensation is involved, there won't be a need for
PIP Versus Workers both coverage's to pay out).
Compensation: Which is o Medical Payments coverage is issued on an excess
excess? basis to coordinate with PIP coverage.
o Medical Payments would cover only amounts in
excess of the 80% of reasonable expenses covered
by PIP.
Medical: 80%, Work Loss: 60%, Replacement Services:
Understand the Basic Pip
100%, Death: $5,000 IN ADDITION to the $10,000 in
Benefits.
medical and disability benefits afforded by PIP
How does PIP apply to In Florida - The No-Fault Law has no applicability and
Pedestrians: In and out of usual legal remedies and other insurance coverage's
the State? are to be relied upon.
Hail Storm damages hood, animal runs into car and
Be able to identify
windshield replacement are common examples of
examples of when "Other
when this coverage is used.
than Collision" (also
referred to as
Losses from glass breakage, hitting a bird or animal,
Comprehensive
and falling objects or missiles (although they are from
Coverage) is used.
collisions with another object) are covered
https://quizlet.com/1057371671/insurance-customer-service-rep-440-exam-comprehensive-questions-and-verified-accurate-solution-detailed-elaborate… 2/9
