FL Personal Lines Agent 2044 Exam
Questions With Guaranteed Passing
Answers Newest Update
warranty - CORRECT ANSWER-Agreement between insured and insurer that certain
conditions will be met
Vicarious Liability - CORRECT ANSWER-Legal responsibility placed on one person for
the acts of another.
Vacant - CORRECT ANSWER-The absence of both people and property from a
premises.
Unscheduled Coverage/ Blanket Insurance - CORRECT ANSWER-A single coverage
amount that applies generally to personal property.
UM - CORRECT ANSWER-Pays insured if the at fault driver has no insurance or not
enough or Hit & run
Covers:
NI & family members in their own car, in other vehicles, and as pedestrians.
Other persons covered while occupying NI's car
UM Stacked vs Unstacked - CORRECT ANSWER-Stacked - limits provided for two or
more vehicles are added together in determining limit of coverage available to injured
person in one accident
Unstacked - coverage available is only the limit applicable to that specific vehicle
Subrogation - CORRECT ANSWER-Transfer to the insurance company of the insured's
right to collect for damages
,Speculative Risk - CORRECT ANSWER-a situation in which either profit or loss is
possible
Severability Clause - CORRECT ANSWER-A standard Liability insurance clause that
means that insurance applies separately to each insured.
Robbery - CORRECT ANSWER-The taking or attempted taking of property by one who
has caused or threatened to cause bodily harm
Residual Market - CORRECT ANSWER-An organization created by the Legislature to
provide Florida residents with crucial or required coverages generally unavailable in the
voluntary market.
Pure Risk - CORRECT ANSWER-A situation in which there are only the possibilities of
loss or no loss but no gain
Punitive Damages - CORRECT ANSWER-Damages that punish the wrongdoer for anti-
social actions, rather than compensating for loss
Proximate Cause - CORRECT ANSWER-When there is an unbroken connection
between an occurrence and damage that grows out of the occurrence, then the
resulting damage is a part of the occurrence.
Occurrence - CORRECT ANSWER-An accident, including continuous or repeated
exposure to substantially the same general harmful conditions.
Optionally Renewable - CORRECT ANSWER-a type of health insurance that cannot be
cancelled during the policy term, but for which the company reserves the right to non-
renewal the policy at expiration.
Personal Articles Floater - CORRECT ANSWER-Personal Inland Marine insurance
which provides all-risk coverage on nine optional classes of personal property: jewelry,
, furs, cameras, musical instruments, silverware, golf equipment, fine arts, stamp
collections and coin collections.
Named Nonowner Coverage - CORRECT ANSWER-Coverage for a named individual
who does not own an auto while the insured is operating autos owned by others
Noncancellable - CORRECT ANSWER-A type of health insurance policy that the
company may not cancel, but must renew to a certain age with no change in premium.
Affords the greatest degree of continuation protection to the insured.
Liberalization Clause - CORRECT ANSWER-A policy condition providing that if a policy
form is broadened at no additional premium, the broadened coverage automatically
applies to all existing policies of the same type. More coverage, same premium amount
Umpire / Arbitration - CORRECT ANSWER-Court appointed 3rd party to decide on an
appraisal. / Settle claim by accepting decision of 3rd party
Inflation Guard - CORRECT ANSWER-Policy limits will increase a certain percentage at
regular intervals (annually)
Insurance Service Office (ISO) - CORRECT ANSWER-An organization made up of
member companies, which collects and analyzes statistics collected from members and
then establishes and files standard rates for many lines of insurance. Also develops
standardized forms.
Insuring Agreement - CORRECT ANSWER-The section of an insurance policy
containing the insurer's promise to pay, the description of coverage provided and perils
insured against.
Guaranteed Renewable - CORRECT ANSWER-A Health insurance policy provision that
states that the insurer must renew the policy to a certain age. While the company
cannot fail to renew the policy until the specified age, it can increase the premium.
Fiduciary - CORRECT ANSWER-A person or institution which has responsibility for the
money, property or financial affairs of another.
Questions With Guaranteed Passing
Answers Newest Update
warranty - CORRECT ANSWER-Agreement between insured and insurer that certain
conditions will be met
Vicarious Liability - CORRECT ANSWER-Legal responsibility placed on one person for
the acts of another.
Vacant - CORRECT ANSWER-The absence of both people and property from a
premises.
Unscheduled Coverage/ Blanket Insurance - CORRECT ANSWER-A single coverage
amount that applies generally to personal property.
UM - CORRECT ANSWER-Pays insured if the at fault driver has no insurance or not
enough or Hit & run
Covers:
NI & family members in their own car, in other vehicles, and as pedestrians.
Other persons covered while occupying NI's car
UM Stacked vs Unstacked - CORRECT ANSWER-Stacked - limits provided for two or
more vehicles are added together in determining limit of coverage available to injured
person in one accident
Unstacked - coverage available is only the limit applicable to that specific vehicle
Subrogation - CORRECT ANSWER-Transfer to the insurance company of the insured's
right to collect for damages
,Speculative Risk - CORRECT ANSWER-a situation in which either profit or loss is
possible
Severability Clause - CORRECT ANSWER-A standard Liability insurance clause that
means that insurance applies separately to each insured.
Robbery - CORRECT ANSWER-The taking or attempted taking of property by one who
has caused or threatened to cause bodily harm
Residual Market - CORRECT ANSWER-An organization created by the Legislature to
provide Florida residents with crucial or required coverages generally unavailable in the
voluntary market.
Pure Risk - CORRECT ANSWER-A situation in which there are only the possibilities of
loss or no loss but no gain
Punitive Damages - CORRECT ANSWER-Damages that punish the wrongdoer for anti-
social actions, rather than compensating for loss
Proximate Cause - CORRECT ANSWER-When there is an unbroken connection
between an occurrence and damage that grows out of the occurrence, then the
resulting damage is a part of the occurrence.
Occurrence - CORRECT ANSWER-An accident, including continuous or repeated
exposure to substantially the same general harmful conditions.
Optionally Renewable - CORRECT ANSWER-a type of health insurance that cannot be
cancelled during the policy term, but for which the company reserves the right to non-
renewal the policy at expiration.
Personal Articles Floater - CORRECT ANSWER-Personal Inland Marine insurance
which provides all-risk coverage on nine optional classes of personal property: jewelry,
, furs, cameras, musical instruments, silverware, golf equipment, fine arts, stamp
collections and coin collections.
Named Nonowner Coverage - CORRECT ANSWER-Coverage for a named individual
who does not own an auto while the insured is operating autos owned by others
Noncancellable - CORRECT ANSWER-A type of health insurance policy that the
company may not cancel, but must renew to a certain age with no change in premium.
Affords the greatest degree of continuation protection to the insured.
Liberalization Clause - CORRECT ANSWER-A policy condition providing that if a policy
form is broadened at no additional premium, the broadened coverage automatically
applies to all existing policies of the same type. More coverage, same premium amount
Umpire / Arbitration - CORRECT ANSWER-Court appointed 3rd party to decide on an
appraisal. / Settle claim by accepting decision of 3rd party
Inflation Guard - CORRECT ANSWER-Policy limits will increase a certain percentage at
regular intervals (annually)
Insurance Service Office (ISO) - CORRECT ANSWER-An organization made up of
member companies, which collects and analyzes statistics collected from members and
then establishes and files standard rates for many lines of insurance. Also develops
standardized forms.
Insuring Agreement - CORRECT ANSWER-The section of an insurance policy
containing the insurer's promise to pay, the description of coverage provided and perils
insured against.
Guaranteed Renewable - CORRECT ANSWER-A Health insurance policy provision that
states that the insurer must renew the policy to a certain age. While the company
cannot fail to renew the policy until the specified age, it can increase the premium.
Fiduciary - CORRECT ANSWER-A person or institution which has responsibility for the
money, property or financial affairs of another.
