Comprehensive Practice Quiz-Agent 2-20 FL General Lines/Part II
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1. All of the following are eligible Physical damage de- b. $100
ductibles for private passenger autos with the Florida
Auto Joint Underwriting Association, EXCEPT:
Select one:
a. $250
b. $100
c. $500
d. $1,000
2. Under Inside Premises Robbery & Safe Burglary of a. No coverage. Not a cov-
Other Property, an insured has $10,000 coverage. Af- ered loss - safe not bur-
ter breaking into insured's premises a clever crook glarized.
finds the safes' combination in the filing cabinet.
Opens safe and takes $1,000 in gold, $2,000 in valid
U.S. postage stamps and $7,000 worth of micro-chips
used in assembling insured's product. Which de-
scribes insurer's response to the ensuing claim?
Select one:
a. No coverage. Not a covered loss - safe not burglar-
ized.
b. All covered as door was broken into - $10,000 paid
c. Gold and micro-chips covered. Payment $8,000
d. Gold not covereD) Stamps and micro-chips are - so
$9,000 paid.
3. Mark, an employee of Franks Construction Company d. Covered subject to a
suffers a severe head injury on the job. He was in a 25% reduction in benefits
hard hat area but willfully refused to wear his hat. This
injury is:
Select one:
a. Covered fully under WC
, Comprehensive Practice Quiz-Agent 2-20 FL General Lines/Part II
Study online at https://quizlet.com/_6vwdbh
b. Excluded under WC
c. None of these choices
d. Covered subject to a 25% reduction in benefits
4. Catastrophic injury entitles workers to which: d. Permanent Total
Select one:
a. Permanent Impairment
b. Temporary Partial
c. Temporary Total
d. Permanent Total
5. Which, if any, are covered under Leasehold Interest b. a, b, c and d
Form:
a. Extra cost to lease elsewhere
b. Loss of favorable sublease
c. Prepaid rents
d. Remainder of bonus paid to get lease
Select one:
a. a, b and c
b. a, b, c and d
c. a and b
d. a only
6. Intentionally caused losses come under which proper- a. Moral Hazard
ty insurance concept.
Select one:
a. Moral Hazard
b. Morale Hazard
c. Physical Hazard
d. Proximate Cause
7.
, Comprehensive Practice Quiz-Agent 2-20 FL General Lines/Part II
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Hangarkeepers Liability typically covers: c. All Damage Not exclud-
Select one: ed to aircraft of others
a. BI and PD arising from use, operation and mainte- stored for safekeeping or
nance of hangars. repair.
b. All Damage Not excluded to Hangarkeeper's air-
craft.
c. All Damage Not excluded to aircraft of others stored
for safekeeping or repair.
d. Named Perils Damage to Hangarkeepers's own air-
craft.
8. Jane has a $100,000 property policy with an 80% coin- d. $100,000
surance clause. Her building worth $200,000 is totally
destroyed by fire. How much will Jane recover under
her property policy?
Select one:
a. $160,000
b. $50,000
c. $80,000
d. $100,000
9. Failure to notify Insurance Department within 30 days a. $250 for the first offense
of a change of name, residence address, principal
business address or mailing address shall result in a
fine not to exceed:
Select one:
a. $250 for the first offense
b. $500 for the first offense
c. $50 for the first offense
d. $100 for the first offense
10. b. 100/300/50
, Comprehensive Practice Quiz-Agent 2-20 FL General Lines/Part II
Study online at https://quizlet.com/_6vwdbh
Liability coverage through the Florida Auto JUA is avail-
able to a maximum amount of:
Select one:
a. 10/20/10
b. 100/300/50
c. 250/500/100
d. 50/100/25
11. Beth has tenant HO-4. She negligently burns duplex d. $95,000
where she is tenant. Damage $95,000. If Beth has
basic limits of Section II - Liability her HO pays:
Select one:
a. $25,000
b. $50,000
c. Nothing - not her house
d. $95,000
12. $100,000 builders risk coverage on building. $15,000 a. $10,000
fire occurs. Completed value of building found to be
$150,000. How paid?
Select one:
a. $10,000
b. $7,500
c. $15,000
d. $3,750
13. The Office of Insurance Regulation does all of the c. Make rating and under-
following except: writing rules.
Select one:
a. Approve policy forms.
Study online at https://quizlet.com/_6vwdbh
1. All of the following are eligible Physical damage de- b. $100
ductibles for private passenger autos with the Florida
Auto Joint Underwriting Association, EXCEPT:
Select one:
a. $250
b. $100
c. $500
d. $1,000
2. Under Inside Premises Robbery & Safe Burglary of a. No coverage. Not a cov-
Other Property, an insured has $10,000 coverage. Af- ered loss - safe not bur-
ter breaking into insured's premises a clever crook glarized.
finds the safes' combination in the filing cabinet.
Opens safe and takes $1,000 in gold, $2,000 in valid
U.S. postage stamps and $7,000 worth of micro-chips
used in assembling insured's product. Which de-
scribes insurer's response to the ensuing claim?
Select one:
a. No coverage. Not a covered loss - safe not burglar-
ized.
b. All covered as door was broken into - $10,000 paid
c. Gold and micro-chips covered. Payment $8,000
d. Gold not covereD) Stamps and micro-chips are - so
$9,000 paid.
3. Mark, an employee of Franks Construction Company d. Covered subject to a
suffers a severe head injury on the job. He was in a 25% reduction in benefits
hard hat area but willfully refused to wear his hat. This
injury is:
Select one:
a. Covered fully under WC
, Comprehensive Practice Quiz-Agent 2-20 FL General Lines/Part II
Study online at https://quizlet.com/_6vwdbh
b. Excluded under WC
c. None of these choices
d. Covered subject to a 25% reduction in benefits
4. Catastrophic injury entitles workers to which: d. Permanent Total
Select one:
a. Permanent Impairment
b. Temporary Partial
c. Temporary Total
d. Permanent Total
5. Which, if any, are covered under Leasehold Interest b. a, b, c and d
Form:
a. Extra cost to lease elsewhere
b. Loss of favorable sublease
c. Prepaid rents
d. Remainder of bonus paid to get lease
Select one:
a. a, b and c
b. a, b, c and d
c. a and b
d. a only
6. Intentionally caused losses come under which proper- a. Moral Hazard
ty insurance concept.
Select one:
a. Moral Hazard
b. Morale Hazard
c. Physical Hazard
d. Proximate Cause
7.
, Comprehensive Practice Quiz-Agent 2-20 FL General Lines/Part II
Study online at https://quizlet.com/_6vwdbh
Hangarkeepers Liability typically covers: c. All Damage Not exclud-
Select one: ed to aircraft of others
a. BI and PD arising from use, operation and mainte- stored for safekeeping or
nance of hangars. repair.
b. All Damage Not excluded to Hangarkeeper's air-
craft.
c. All Damage Not excluded to aircraft of others stored
for safekeeping or repair.
d. Named Perils Damage to Hangarkeepers's own air-
craft.
8. Jane has a $100,000 property policy with an 80% coin- d. $100,000
surance clause. Her building worth $200,000 is totally
destroyed by fire. How much will Jane recover under
her property policy?
Select one:
a. $160,000
b. $50,000
c. $80,000
d. $100,000
9. Failure to notify Insurance Department within 30 days a. $250 for the first offense
of a change of name, residence address, principal
business address or mailing address shall result in a
fine not to exceed:
Select one:
a. $250 for the first offense
b. $500 for the first offense
c. $50 for the first offense
d. $100 for the first offense
10. b. 100/300/50
, Comprehensive Practice Quiz-Agent 2-20 FL General Lines/Part II
Study online at https://quizlet.com/_6vwdbh
Liability coverage through the Florida Auto JUA is avail-
able to a maximum amount of:
Select one:
a. 10/20/10
b. 100/300/50
c. 250/500/100
d. 50/100/25
11. Beth has tenant HO-4. She negligently burns duplex d. $95,000
where she is tenant. Damage $95,000. If Beth has
basic limits of Section II - Liability her HO pays:
Select one:
a. $25,000
b. $50,000
c. Nothing - not her house
d. $95,000
12. $100,000 builders risk coverage on building. $15,000 a. $10,000
fire occurs. Completed value of building found to be
$150,000. How paid?
Select one:
a. $10,000
b. $7,500
c. $15,000
d. $3,750
13. The Office of Insurance Regulation does all of the c. Make rating and under-
following except: writing rules.
Select one:
a. Approve policy forms.
