Florida EXAM QUESTIONS AND VERIFIED
ACCURATE SOLUTION |GET IT 100% ACCURATE
Knowingly making any misleading representations or incomplete or fraudulent comparisons of any
insurance policy with the intent of inducing a person to cancel or lapse an insurance policy is known as: -
ANSWER-Twisting
Liability coverage through the Florida Auto JUA for an individual is available up to which limits: -
ANSWER-100/300/50
Limit for business property off residence - ANSWER-$1500
Limit for business property on residence - ANSWER-$2500
Long term care policy. How many days do you have to read it, once received, in order to get a full
refund? - ANSWER-30 days
Loss assessment coverage - ANSWER-$1000 loss assessment coverage ($2000 on the HO-6)
Maximum auto JUA limit is - ANSWER-100/300/50
Medical expenses under workers compensation are subject to the following limitations: - ANSWER-no
dollar limit/no time limit
Minimum limits for hospital professional liability are: - ANSWER-250/750
Motor truck cargo policy - ANSWER-Protect carrier for his liability to owner of goods. Excludes acts of
God, shippers, neglect.
Named non-owner coverage - ANSWER-Named non-owner is used when you don't own a car and don't
have a Pap. For example, you have a company car. Do you have coverage under the company policy
while driving that company car, right? However, the company does not have drive other car and
broadened PIP endorsements. So, if you borrow a car or rent a car, suddenly you're uninsured because
, you don't have your own policy. That's where named non-owner comes in. It's an endorsement that
converts a Pap into a policy with a named driver, but no car.
Optional Limits for Business Owners Liability - ANSWER-$250,000; $500,000; $1,000,000
PAP Part B: Medical Payments Lmits - ANSWER-$500, $1000, $2000, $5000 all per person
PAP Part C: Uninsured Motorist Coverage - ANSWER-Basic knit $20,000 single limit or 10/20 B.I. only
PAP Part D: Coverage for Damage to Your Auto - ANSWER-Must ask for coverage within 14 days.
Perils in DP 2 that are not in DP 1 - ANSWER-B- burglar damage
I- nice and snow weight
G- glass breakage
A- accidental discharge
F- freezing of pipes
F- falling objects
E- electrical damage except to tubes
C- collapse
T- tearing asunder, cracking, burning, or bulging of steam heat system
POWER Exlclusions - ANSWER-P- Power failure
O- Ordinance or law requiring demolition
W- Water rising, flood, backing is sewers
E- Earth movement other than CGCC
R- Rebellion, revolution, war, nuclear
Shifting Sands Insurance Co. wants to cancel Betty's homeowners insurance. How many days notice of
cancellation are they required to give Betty? Assume the policy has been in effect over 90 days and
Betty always pays her premium. - ANSWER-120 days
ACCURATE SOLUTION |GET IT 100% ACCURATE
Knowingly making any misleading representations or incomplete or fraudulent comparisons of any
insurance policy with the intent of inducing a person to cancel or lapse an insurance policy is known as: -
ANSWER-Twisting
Liability coverage through the Florida Auto JUA for an individual is available up to which limits: -
ANSWER-100/300/50
Limit for business property off residence - ANSWER-$1500
Limit for business property on residence - ANSWER-$2500
Long term care policy. How many days do you have to read it, once received, in order to get a full
refund? - ANSWER-30 days
Loss assessment coverage - ANSWER-$1000 loss assessment coverage ($2000 on the HO-6)
Maximum auto JUA limit is - ANSWER-100/300/50
Medical expenses under workers compensation are subject to the following limitations: - ANSWER-no
dollar limit/no time limit
Minimum limits for hospital professional liability are: - ANSWER-250/750
Motor truck cargo policy - ANSWER-Protect carrier for his liability to owner of goods. Excludes acts of
God, shippers, neglect.
Named non-owner coverage - ANSWER-Named non-owner is used when you don't own a car and don't
have a Pap. For example, you have a company car. Do you have coverage under the company policy
while driving that company car, right? However, the company does not have drive other car and
broadened PIP endorsements. So, if you borrow a car or rent a car, suddenly you're uninsured because
, you don't have your own policy. That's where named non-owner comes in. It's an endorsement that
converts a Pap into a policy with a named driver, but no car.
Optional Limits for Business Owners Liability - ANSWER-$250,000; $500,000; $1,000,000
PAP Part B: Medical Payments Lmits - ANSWER-$500, $1000, $2000, $5000 all per person
PAP Part C: Uninsured Motorist Coverage - ANSWER-Basic knit $20,000 single limit or 10/20 B.I. only
PAP Part D: Coverage for Damage to Your Auto - ANSWER-Must ask for coverage within 14 days.
Perils in DP 2 that are not in DP 1 - ANSWER-B- burglar damage
I- nice and snow weight
G- glass breakage
A- accidental discharge
F- freezing of pipes
F- falling objects
E- electrical damage except to tubes
C- collapse
T- tearing asunder, cracking, burning, or bulging of steam heat system
POWER Exlclusions - ANSWER-P- Power failure
O- Ordinance or law requiring demolition
W- Water rising, flood, backing is sewers
E- Earth movement other than CGCC
R- Rebellion, revolution, war, nuclear
Shifting Sands Insurance Co. wants to cancel Betty's homeowners insurance. How many days notice of
cancellation are they required to give Betty? Assume the policy has been in effect over 90 days and
Betty always pays her premium. - ANSWER-120 days
