4-40 Final Exam Questions with 100% Correct Answers

The continuing education requirement to maintain a 4-40 license in Florida is: Correct Answer ten hours every two years A Personal Auto Policy (PAP) covers the insured in all places except: Correct Answer Mexico Joe is injured when the jack slips as he is changing a tire in his driveway. The bill for his treatment in the emergency room is $450. Where will Joe go first to collect for his medical expenses? Correct Answer His PIP insurance Perils of the Sea include all of the following, EXCEPT: Correct Answer Fire If a customer service rep moves from Jacksonville to Orlando, how long do they have to notify the Department of Financial Services of their change of address? Correct Answer 30 days If an insured has $100,000 of "stacked" UM coverage with three cars on the policy, how much is available under a UM claim? Correct Answer $300,000 An employee is injured on the job and is out of work for 10 days. Under Workers Compensation how many days' wages can this employee recover? Correct Answer 3 days The insured is an owner and is insured for PIP. She is injured in an accident and has the following damages: medicals-$12,000, lost wages-$6,000. How much will PIP pay if there is a $1,000 deductible? Correct Answer $10,000 Jim owns two vehicles; one is insured for PIP and one is not insured for PIP. Jim is driving the vehicle that is not insured for PIP and he has an at-fault accident. Which of the following is true? Correct Answer PIP Benefits are denied to Jim in this case Which of the following would not result in license suspension? Correct Answer Representing a policy truthfully What is a foreign insurance company? Correct Answer A company chartered outside the state of Florida If Coverage A under a HO-3 Policy is $250, 000, the Coverage D limit would be: Correct Answer $75,000