UPDATED ACA EXAM (ACTUAL 2024-2025)
QUESTIONS AND VERIFIED CORRECT
ANSWERS
Actual Cash Value - ---ANSWERS____Is current cost minus
depreciation
Which entity manages the Flood Insurance program? - ---
ANSWERS____FEMA & NFIP
While driving on the Pennsylvania Turnpike, William's auto
has a collection with a deer that jumps in front of his car. In
order for coverage to be afforded, William's Personal Auto
Policy must have: - ---ANSWERS____Other than Collision
coverage
All of the following are true of Named Non-owner Coverage
EXCEPT: - ---ANSWERS____An individual with a company
auto would never have a need for Named non-owner coverage
An auto accident results in liability claims of $15,000 for
property damage and bodily injury of $17,500 to a single
person. Which policy affords more coverage? - --
ANSWERS____A split limit policy of 25/50/15
Your insured has purchased the minimum split limit policy
that meets Financial Responsibility Law in Florida, He causes
the following bodily injuries to passengers in his car:
Carl - $12,000
UPDATED ACA EXAM (ACTUAL 2024-2025)
QUESTIONS AND VERIFIED CORRECT ANSWERS
, UPDATED ACA EXAM (ACTUAL 2024-2025)
QUESTIONS AND VERIFIED CORRECT
ANSWERS
Jeanne - $10,000
Charlie - $10,000
How much will his policy pay? - ---ANSWERS____$20,000
for the total BI portion of accident
An insured has a basic PIP with no deductible, in an accident
he incurs medical bills of $8,000, $1,000 in lost wages, and
$500 in replacement services how much will PIP portion of
policy pay? - ---ANSWERS____$7,500
An insured has 3 vehicles but only insures 2 of them. He and
his wife are injured in an accident while occupying the
uninsured auto. Which of the following is true concerning PIP
coverage? - ---ANSWERS____There is no coverage for
either, since the vehicle is uninsured
An insured's golf clubs are stolen from the trunk of his car.
Which Policy would respond? - ---
ANSWERS____Homeowner's is the place to look for
coverage
If a person must furnish a SR-22, and does not own an auto,
what should they purchase? - ---ANSWERS____A Named
Non-owned policy
UPDATED ACA EXAM (ACTUAL 2024-2025)
QUESTIONS AND VERIFIED CORRECT ANSWERS
, UPDATED ACA EXAM (ACTUAL 2024-2025)
QUESTIONS AND VERIFIED CORRECT
ANSWERS
An insured borrows his neighbor's utility trailer to pick up his
Christmas tree. Which of the following best describes the
coverage from the insured PAP if he has an accident? - --
ANSWERS____His PAP will extend liability to the trailer and
physical damage will extend $1,500 of coverage for damages
to the borrowed trailer.
An insured took his TV to a shop for repairs, on the way, he
stopped suddenly and the TV fell of the seat, breaking the TV.
How will his PAP respond? - ---ANSWERS____The PAP will
not respond
An insured has 25/50/25 limits and injured another person.
The injured person on a tort claim for $30,000 against the
insured and the insured's attorney charged $7,500 to defend
the insured. How much is paid by the insured's insurance
company? - ---ANSWERS____$32,500, the policy limit and
the attorney's fees for defense
Which of the following is FALSE concerning Uninsured
Motorist coverage (UM)? - ---ANSWERS____Can purchase
UM without purchasing liability
UPDATED ACA EXAM (ACTUAL 2024-2025)
QUESTIONS AND VERIFIED CORRECT ANSWERS
QUESTIONS AND VERIFIED CORRECT
ANSWERS
Actual Cash Value - ---ANSWERS____Is current cost minus
depreciation
Which entity manages the Flood Insurance program? - ---
ANSWERS____FEMA & NFIP
While driving on the Pennsylvania Turnpike, William's auto
has a collection with a deer that jumps in front of his car. In
order for coverage to be afforded, William's Personal Auto
Policy must have: - ---ANSWERS____Other than Collision
coverage
All of the following are true of Named Non-owner Coverage
EXCEPT: - ---ANSWERS____An individual with a company
auto would never have a need for Named non-owner coverage
An auto accident results in liability claims of $15,000 for
property damage and bodily injury of $17,500 to a single
person. Which policy affords more coverage? - --
ANSWERS____A split limit policy of 25/50/15
Your insured has purchased the minimum split limit policy
that meets Financial Responsibility Law in Florida, He causes
the following bodily injuries to passengers in his car:
Carl - $12,000
UPDATED ACA EXAM (ACTUAL 2024-2025)
QUESTIONS AND VERIFIED CORRECT ANSWERS
, UPDATED ACA EXAM (ACTUAL 2024-2025)
QUESTIONS AND VERIFIED CORRECT
ANSWERS
Jeanne - $10,000
Charlie - $10,000
How much will his policy pay? - ---ANSWERS____$20,000
for the total BI portion of accident
An insured has a basic PIP with no deductible, in an accident
he incurs medical bills of $8,000, $1,000 in lost wages, and
$500 in replacement services how much will PIP portion of
policy pay? - ---ANSWERS____$7,500
An insured has 3 vehicles but only insures 2 of them. He and
his wife are injured in an accident while occupying the
uninsured auto. Which of the following is true concerning PIP
coverage? - ---ANSWERS____There is no coverage for
either, since the vehicle is uninsured
An insured's golf clubs are stolen from the trunk of his car.
Which Policy would respond? - ---
ANSWERS____Homeowner's is the place to look for
coverage
If a person must furnish a SR-22, and does not own an auto,
what should they purchase? - ---ANSWERS____A Named
Non-owned policy
UPDATED ACA EXAM (ACTUAL 2024-2025)
QUESTIONS AND VERIFIED CORRECT ANSWERS
, UPDATED ACA EXAM (ACTUAL 2024-2025)
QUESTIONS AND VERIFIED CORRECT
ANSWERS
An insured borrows his neighbor's utility trailer to pick up his
Christmas tree. Which of the following best describes the
coverage from the insured PAP if he has an accident? - --
ANSWERS____His PAP will extend liability to the trailer and
physical damage will extend $1,500 of coverage for damages
to the borrowed trailer.
An insured took his TV to a shop for repairs, on the way, he
stopped suddenly and the TV fell of the seat, breaking the TV.
How will his PAP respond? - ---ANSWERS____The PAP will
not respond
An insured has 25/50/25 limits and injured another person.
The injured person on a tort claim for $30,000 against the
insured and the insured's attorney charged $7,500 to defend
the insured. How much is paid by the insured's insurance
company? - ---ANSWERS____$32,500, the policy limit and
the attorney's fees for defense
Which of the following is FALSE concerning Uninsured
Motorist coverage (UM)? - ---ANSWERS____Can purchase
UM without purchasing liability
UPDATED ACA EXAM (ACTUAL 2024-2025)
QUESTIONS AND VERIFIED CORRECT ANSWERS
