Florida Property & Casualty Insurance questions with correct answers

The FAJUA is composed of: CORRECT ANSWER All companies licensed to write auto insurance in Florida 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 describ