Florida 4-40 test EXAM (2025/2026) Updated: EXAM
QUESTIONS WITH ACCURATE ANSWERS | GET IT RIGHT!!
A mail order house has sent out a shipment what kind of
coverage does the mail order company need to have to cover
this one shipment - ✔✔Annual transit
A person is appointed by the court to handle affairs of a
deceased minor what kind of bond does that person need to
obtain - ✔✔Probate bond
A pilot parked a plane side effects but forgot to tie the plane
down A gust of wind later push the plane into the fence
damage the plane the insurance company wants to apply to
Deductible what is it - ✔✔No deductible
Additional PIP increases limits to... - ✔✔Increase dollar limit
only 10,000 to 25,000 or more
Agent authority granted in a written contract is which -
✔✔Express authority
aggergate - ✔✔Is the most payable for all claims in a policy
year
,Alien Insurer - ✔✔An insurance company that is incorporated
outside the United States.
All of the following are fully covered under the corporations
commercial general liability policy - ✔✔Officers ,employees
and directors
All of the following are the forms available under employee
theft - ✔✔Scheduled person scheduled position blanket
Annual Transit Policy - ✔✔Policy that covers all shipments
made or received by the insured throughout a one-year policy
period.
Apparent Authority - ✔✔Third party believed agent had the
right
Are insured is partially disabled how is the waiver of premium
going to respond - ✔✔The waiver of premium will not come
into affect since the insured is not totally disabled but only
partially
,Barbara was out of work for nine days how many days does
she get paid for under disability benefits and Worker's Comp. -
✔✔Two days Barbara will not receive any benefits for the first
seven days
Barratry - ✔✔Illegal acts committed willfully by a ship's
master or crew for the purpose of damaging the ship or cargo.
This Ocean Marine peril includes hijacking, abandonment and
embezzlement of the cargo.
Basic Extended Reporting Period (BERP) - ✔✔Claims may be
made within 60 days following termination of policy coverage
Before an owner of a vehicle can't obtain a license plate and
tag registration the owner must purchase PIP coverage in
property damage liability coverage in the amount of -
✔✔$10,000
Bid Bond - ✔✔A contract bond guaranteeing that a contractor
bidding on a construction or supply contract will enter into
the contract and will provide a performance bond if the bid is
accepted.
, BOP - ✔✔Business Owners Policy
Builders Risk Policy - ✔✔Policy cover structures building
foundation
burgalry - ✔✔Breaking and entering leaving visible signs of
forceable entry
Car rental reimbursement - ✔✔$15 per day / $75 maximum
Cease to defend - ✔✔Limits exhausted by payment
CGL - ✔✔Commercial General Liability
Conservation Bond - ✔✔Guarantees a person appointed by
the court to preserve property of minor or incompetent
individual
Contractors equipment form - ✔✔Covers have equipment and
tools by fire theft other perils
QUESTIONS WITH ACCURATE ANSWERS | GET IT RIGHT!!
A mail order house has sent out a shipment what kind of
coverage does the mail order company need to have to cover
this one shipment - ✔✔Annual transit
A person is appointed by the court to handle affairs of a
deceased minor what kind of bond does that person need to
obtain - ✔✔Probate bond
A pilot parked a plane side effects but forgot to tie the plane
down A gust of wind later push the plane into the fence
damage the plane the insurance company wants to apply to
Deductible what is it - ✔✔No deductible
Additional PIP increases limits to... - ✔✔Increase dollar limit
only 10,000 to 25,000 or more
Agent authority granted in a written contract is which -
✔✔Express authority
aggergate - ✔✔Is the most payable for all claims in a policy
year
,Alien Insurer - ✔✔An insurance company that is incorporated
outside the United States.
All of the following are fully covered under the corporations
commercial general liability policy - ✔✔Officers ,employees
and directors
All of the following are the forms available under employee
theft - ✔✔Scheduled person scheduled position blanket
Annual Transit Policy - ✔✔Policy that covers all shipments
made or received by the insured throughout a one-year policy
period.
Apparent Authority - ✔✔Third party believed agent had the
right
Are insured is partially disabled how is the waiver of premium
going to respond - ✔✔The waiver of premium will not come
into affect since the insured is not totally disabled but only
partially
,Barbara was out of work for nine days how many days does
she get paid for under disability benefits and Worker's Comp. -
✔✔Two days Barbara will not receive any benefits for the first
seven days
Barratry - ✔✔Illegal acts committed willfully by a ship's
master or crew for the purpose of damaging the ship or cargo.
This Ocean Marine peril includes hijacking, abandonment and
embezzlement of the cargo.
Basic Extended Reporting Period (BERP) - ✔✔Claims may be
made within 60 days following termination of policy coverage
Before an owner of a vehicle can't obtain a license plate and
tag registration the owner must purchase PIP coverage in
property damage liability coverage in the amount of -
✔✔$10,000
Bid Bond - ✔✔A contract bond guaranteeing that a contractor
bidding on a construction or supply contract will enter into
the contract and will provide a performance bond if the bid is
accepted.
, BOP - ✔✔Business Owners Policy
Builders Risk Policy - ✔✔Policy cover structures building
foundation
burgalry - ✔✔Breaking and entering leaving visible signs of
forceable entry
Car rental reimbursement - ✔✔$15 per day / $75 maximum
Cease to defend - ✔✔Limits exhausted by payment
CGL - ✔✔Commercial General Liability
Conservation Bond - ✔✔Guarantees a person appointed by
the court to preserve property of minor or incompetent
individual
Contractors equipment form - ✔✔Covers have equipment and
tools by fire theft other perils
