1
2025 FLORIDA PROPERTY & CASUALTY
INSURANCE, FLORIDA 2- 20 AGENTS LICENSE
1000+EXAM QUESTIONS TEST BANK TESTED
AND VERIFIED| ACCURATE FOR
GUARANTEED PASS| GRADED A+ BRAND
NEW!!
Which additional insuring agreement, under the Crime Policy, covers threats to do bodily harm to the
insured, employee, relative or invitee of either? - CORRECT ANSWER>>Extortion
What type of bond guarantees the principle will uphold the oath of office and faithfully perform the
duties of office? - CORRECT ANSWER>>Public Official Bond
What type of bond guarantees performance by a person appointed by the court? - CORRECT
ANSWER>>Fiduciary and Court Bonds
All of the following are controlled Commercial Inland Marine lines EXCEPT: - CORRECT
ANSWER>>Annual Transit
The Commercial Property Floater Dealer's policy covers primarily: - CORRECT ANSWER>>Damage to
merchandise while on the business premises.
What is a unique peril for Dry Cleaners? - CORRECT ANSWER>>Confusion of goods
Which of the following is not a clause found in the Ocean Marine policy? - CORRECT ANSWER>>Port of
Call Clause
What type of Ocean Marine deductible has no payment until the loss reaches a certain limit? - CORRECT
ANSWER>>Franchise deductible
The deductible for the Aircraft Hull policies is normally expressed as: - CORRECT ANSWER>>Percentage
deductible
Named perils for the Aircraft include all of the following EXCEPT: - CORRECT ANSWER>>Explosion
The territorial limits for the Aviation policy includes all of the following EXCEPT: - CORRECT
ANSWER>>US Possessions
The standard deductible in the Boiler and Machinery coverage form is: - CORRECT ANSWER>>$500
,2
What is the maximum amount available for expediting expenses under the Boiler and Machinery
coverage form? - CORRECT ANSWER>>$25,000
Small Business Boiler and Machinery required property damage limits is: - CORRECT ANSWER>>80% of
building replacement value
The Health provision that states the company may not cancel during the policy term, but reserves the
right to nonrenew the policy under its expiration is called: - CORRECT ANSWER>>Guaranteed
Renewable
The Health provision that states the insurer can refuse to renew the policy under certain conditions is
called: - CORRECT ANSWER>>Conditionally Renewable
The Health provision that requires the insurer to renew the policy to a stated age is called: - CORRECT
ANSWER>>Guaranteed Renewable
The Health provision that affords the greatest degree of continuation, agrees to not raise the rates, and
agrees to renew at the option of the insured is called: - CORRECT ANSWER>>Noncancelable
All of the following are Major Medical Insurance exclusions EXCEPT: - CORRECT ANSWER>>Cosmetic
surgery required by accident
What is the standard deductible for Citizens homeowners policies not including mobile homes? -
CORRECT ANSWER>>$1,000 all other perils/2% hurricane
Citizens homeowners does not include coverage on all the following EXCEPT: - CORRECT
ANSWER>>Building under construction for named insured
All of the following are deductibles for FAJUA Physical Damage Coverage EXCEPT: - CORRECT
ANSWER>>$2,500
All of the following coverages are available for FAJUA commercial vehicles over 10,000 lbs EXCEPT: -
CORRECT ANSWER>>Collision
Which of the following state-created markets provides coverage for employers who are unable to secure
workers' compensation coverage? - CORRECT ANSWER>>FWCJUA
Which cycle usually spawns more unauthorized entity fraudulent activity? - CORRECT ANSWER>>Hard
cycle
If an agent violates any provision of the Unfair Methods of Competition and Unfair or Deceptive Acts
statute they could be subject to the following fines: - CORRECT ANSWER>>$5,000 for each non willful
violation and $40,000 for each willfull violation
How many days does an agent have to notify the DFS if their contact information changed? - CORRECT
ANSWER>>30 days
,3
All of the following fall under the definition of sliding EXCEPT: - CORRECT ANSWER>>Giving the
applicant a portion of the commission
Knowingly making false or maliciously critical comments to injure a person is known as: - CORRECT
ANSWER>>Defamation
The Florida Comprehensive Hurricane Damage Mitigation Program was established within the -
CORRECT ANSWER>>Department of Financial Services
The Roof Deck Attachment must have all the following approvals EXCEPT: - CORRECT ANSWER>>Have
roof inspected by DFS
Of the different roof types, which one does not receive any type of discount? - CORRECT
ANSWER>>Gable
The Office of Financial Regulation regulates all of the following EXCEPT: - CORRECT ANSWER>>Insurance
companies
A coverage that is similar to premises and operations coverage in the Commercial General Liability Policy
covering bodily injury and property damage liability for aviation risks is defined as: - CORRECT
ANSWER>>Airport and Air Meet Liability
Homeowners HO-3 policy - severe theft loss. Coverage A limit is $100,000. Insured losses include
$25,000 furniture, clothing and other ordinary personal property plus $5,000 damage to guns and
$5,000 damage to jewelry, furs. Insured will recover: - CORRECT ANSWER>>$29,000 less any deductible
Each of the following divisions falls under The Department of Financial Services EXCEPT? - CORRECT
ANSWER>>The Division of Consumer Activities
Which of the following provides for loss of money and securities outside the premises in the care,
custody and control of a messenger or armored car service resulting from theft, disappearance, or
destruction? - CORRECT ANSWER>>Outside the Premises
What is the standard All Perils deductible in the Commercial Property Policy? - CORRECT
ANSWER>>$500
Which of the following best describes a "Controlled" Inland Marine Form? - CORRECT
ANSWER>>Standard provisions form is written according to filed rules and rates
, 4
Under a Personal Articles Floater, which of the following is covered as valued property? - CORRECT
ANSWER>>Fine Arts
Under the Dwelling Program forms, vandalism is not covered after the building has been vacant for how
many days? - CORRECT ANSWER>>60 days
Under a Commercial General Liability Contract, how many days notice of cancellation must the insurer
provide for non-payment of premium? - CORRECT ANSWER>>10
Under Additional Coverages, how much applies for loss assessments imposed by an association against
the insured for damage to property caused by a peril insured against under Coverage A? - CORRECT
ANSWER>>$1,000
The following are basic characteristics of a Property or Liability Insurance Contract EXCEPT: - CORRECT
ANSWER>>Loss Settlement Contract
Rob has PIP with a $1,000 deductible. He has an auto accident causing $6,000 in medical bills. How much
will his PIP pay? - CORRECT ANSWER>>$4,000 - $6,000 - $1,000 deductible = $5,000 x 80% = $4,000
QRS Construction Company wants to provide the local school district with a price for building a new
grammar school. In order to accept the price, the school board needs a bond that would pay the
difference between QRS's price and the next highest price. What kind of bond does QRS need to provide
to the school district? - CORRECT ANSWER>>Bid bond
- The Bid Bond is required to accompany a bid for a contract which will require that the successful bidder
furnish further bond if awarded the job. The guarantee is that if the bid is accepted, the bidder will enter
into the contract and will satisfy further bonding requirements for the job
Which of the following guarantees the payment of materials in full upon completion of the work? -
CORRECT ANSWER>>Payment Bond
Which of the following events would be covered under an HO-3? I. A sewer line became clogged and the
toilet in the house backed up and overflowed, damaging the carpet. II. Wind blew a front door open and
rain damaged the carpet. III. The neighbor's German Shepard damaged the garage doorframe while
trying to get in the insured's garage to eat the dog food stored there. - CORRECT ANSWER>>II and III
only
All of the following are located on a Boiler and Machinery Coverage form EXCEPT: - CORRECT
ANSWER>>Exhibits
The Motor Truck Cargo Policy: - CORRECT ANSWER>>Insures a truck carrier for liability arising out of the
transportation of cargo.
All of the following are types of property that can be covered under a Personal Articles Floater EXCEPT: -
CORRECT ANSWER>>Firearms
2025 FLORIDA PROPERTY & CASUALTY
INSURANCE, FLORIDA 2- 20 AGENTS LICENSE
1000+EXAM QUESTIONS TEST BANK TESTED
AND VERIFIED| ACCURATE FOR
GUARANTEED PASS| GRADED A+ BRAND
NEW!!
Which additional insuring agreement, under the Crime Policy, covers threats to do bodily harm to the
insured, employee, relative or invitee of either? - CORRECT ANSWER>>Extortion
What type of bond guarantees the principle will uphold the oath of office and faithfully perform the
duties of office? - CORRECT ANSWER>>Public Official Bond
What type of bond guarantees performance by a person appointed by the court? - CORRECT
ANSWER>>Fiduciary and Court Bonds
All of the following are controlled Commercial Inland Marine lines EXCEPT: - CORRECT
ANSWER>>Annual Transit
The Commercial Property Floater Dealer's policy covers primarily: - CORRECT ANSWER>>Damage to
merchandise while on the business premises.
What is a unique peril for Dry Cleaners? - CORRECT ANSWER>>Confusion of goods
Which of the following is not a clause found in the Ocean Marine policy? - CORRECT ANSWER>>Port of
Call Clause
What type of Ocean Marine deductible has no payment until the loss reaches a certain limit? - CORRECT
ANSWER>>Franchise deductible
The deductible for the Aircraft Hull policies is normally expressed as: - CORRECT ANSWER>>Percentage
deductible
Named perils for the Aircraft include all of the following EXCEPT: - CORRECT ANSWER>>Explosion
The territorial limits for the Aviation policy includes all of the following EXCEPT: - CORRECT
ANSWER>>US Possessions
The standard deductible in the Boiler and Machinery coverage form is: - CORRECT ANSWER>>$500
,2
What is the maximum amount available for expediting expenses under the Boiler and Machinery
coverage form? - CORRECT ANSWER>>$25,000
Small Business Boiler and Machinery required property damage limits is: - CORRECT ANSWER>>80% of
building replacement value
The Health provision that states the company may not cancel during the policy term, but reserves the
right to nonrenew the policy under its expiration is called: - CORRECT ANSWER>>Guaranteed
Renewable
The Health provision that states the insurer can refuse to renew the policy under certain conditions is
called: - CORRECT ANSWER>>Conditionally Renewable
The Health provision that requires the insurer to renew the policy to a stated age is called: - CORRECT
ANSWER>>Guaranteed Renewable
The Health provision that affords the greatest degree of continuation, agrees to not raise the rates, and
agrees to renew at the option of the insured is called: - CORRECT ANSWER>>Noncancelable
All of the following are Major Medical Insurance exclusions EXCEPT: - CORRECT ANSWER>>Cosmetic
surgery required by accident
What is the standard deductible for Citizens homeowners policies not including mobile homes? -
CORRECT ANSWER>>$1,000 all other perils/2% hurricane
Citizens homeowners does not include coverage on all the following EXCEPT: - CORRECT
ANSWER>>Building under construction for named insured
All of the following are deductibles for FAJUA Physical Damage Coverage EXCEPT: - CORRECT
ANSWER>>$2,500
All of the following coverages are available for FAJUA commercial vehicles over 10,000 lbs EXCEPT: -
CORRECT ANSWER>>Collision
Which of the following state-created markets provides coverage for employers who are unable to secure
workers' compensation coverage? - CORRECT ANSWER>>FWCJUA
Which cycle usually spawns more unauthorized entity fraudulent activity? - CORRECT ANSWER>>Hard
cycle
If an agent violates any provision of the Unfair Methods of Competition and Unfair or Deceptive Acts
statute they could be subject to the following fines: - CORRECT ANSWER>>$5,000 for each non willful
violation and $40,000 for each willfull violation
How many days does an agent have to notify the DFS if their contact information changed? - CORRECT
ANSWER>>30 days
,3
All of the following fall under the definition of sliding EXCEPT: - CORRECT ANSWER>>Giving the
applicant a portion of the commission
Knowingly making false or maliciously critical comments to injure a person is known as: - CORRECT
ANSWER>>Defamation
The Florida Comprehensive Hurricane Damage Mitigation Program was established within the -
CORRECT ANSWER>>Department of Financial Services
The Roof Deck Attachment must have all the following approvals EXCEPT: - CORRECT ANSWER>>Have
roof inspected by DFS
Of the different roof types, which one does not receive any type of discount? - CORRECT
ANSWER>>Gable
The Office of Financial Regulation regulates all of the following EXCEPT: - CORRECT ANSWER>>Insurance
companies
A coverage that is similar to premises and operations coverage in the Commercial General Liability Policy
covering bodily injury and property damage liability for aviation risks is defined as: - CORRECT
ANSWER>>Airport and Air Meet Liability
Homeowners HO-3 policy - severe theft loss. Coverage A limit is $100,000. Insured losses include
$25,000 furniture, clothing and other ordinary personal property plus $5,000 damage to guns and
$5,000 damage to jewelry, furs. Insured will recover: - CORRECT ANSWER>>$29,000 less any deductible
Each of the following divisions falls under The Department of Financial Services EXCEPT? - CORRECT
ANSWER>>The Division of Consumer Activities
Which of the following provides for loss of money and securities outside the premises in the care,
custody and control of a messenger or armored car service resulting from theft, disappearance, or
destruction? - CORRECT ANSWER>>Outside the Premises
What is the standard All Perils deductible in the Commercial Property Policy? - CORRECT
ANSWER>>$500
Which of the following best describes a "Controlled" Inland Marine Form? - CORRECT
ANSWER>>Standard provisions form is written according to filed rules and rates
, 4
Under a Personal Articles Floater, which of the following is covered as valued property? - CORRECT
ANSWER>>Fine Arts
Under the Dwelling Program forms, vandalism is not covered after the building has been vacant for how
many days? - CORRECT ANSWER>>60 days
Under a Commercial General Liability Contract, how many days notice of cancellation must the insurer
provide for non-payment of premium? - CORRECT ANSWER>>10
Under Additional Coverages, how much applies for loss assessments imposed by an association against
the insured for damage to property caused by a peril insured against under Coverage A? - CORRECT
ANSWER>>$1,000
The following are basic characteristics of a Property or Liability Insurance Contract EXCEPT: - CORRECT
ANSWER>>Loss Settlement Contract
Rob has PIP with a $1,000 deductible. He has an auto accident causing $6,000 in medical bills. How much
will his PIP pay? - CORRECT ANSWER>>$4,000 - $6,000 - $1,000 deductible = $5,000 x 80% = $4,000
QRS Construction Company wants to provide the local school district with a price for building a new
grammar school. In order to accept the price, the school board needs a bond that would pay the
difference between QRS's price and the next highest price. What kind of bond does QRS need to provide
to the school district? - CORRECT ANSWER>>Bid bond
- The Bid Bond is required to accompany a bid for a contract which will require that the successful bidder
furnish further bond if awarded the job. The guarantee is that if the bid is accepted, the bidder will enter
into the contract and will satisfy further bonding requirements for the job
Which of the following guarantees the payment of materials in full upon completion of the work? -
CORRECT ANSWER>>Payment Bond
Which of the following events would be covered under an HO-3? I. A sewer line became clogged and the
toilet in the house backed up and overflowed, damaging the carpet. II. Wind blew a front door open and
rain damaged the carpet. III. The neighbor's German Shepard damaged the garage doorframe while
trying to get in the insured's garage to eat the dog food stored there. - CORRECT ANSWER>>II and III
only
All of the following are located on a Boiler and Machinery Coverage form EXCEPT: - CORRECT
ANSWER>>Exhibits
The Motor Truck Cargo Policy: - CORRECT ANSWER>>Insures a truck carrier for liability arising out of the
transportation of cargo.
All of the following are types of property that can be covered under a Personal Articles Floater EXCEPT: -
CORRECT ANSWER>>Firearms
