FLORIDA 4-40 EXAM / 200 + QUESTIONS AND VERIFIED SOLUTIONS 2024/2025 GRADED A+ .

Transferring the risk to an insurance company is known as what?: Insurance 2. When the insured request to have the company change a condition or provision in an insurance policy the document attach to the policy is referredto as what?: Endorsement 3. George and Sandy only home which was damaged by fire who hasinsurableinterest: George and Sandy 4. What is the most common loss settlement valuation in the property poli-cies?: Actual cash value 5. The insurance company pays the insured for damages that should have been collected from the app fault party now the insured right to seek damagesfrom the airport party are transferred to his insurance company what best describes this concept: Subrogation 6. PIP: Personal Injury Protection 7. Pip coverage is: Primary 8. TortImmunity: Relieffor persons who have suffered harm from the wrongful actsof others 9. Extend PIP: To fill percentage gaps 10. Additional PIPincreaseslimitsto...: Increase dollarlimit only 10,000 to 25,000or more 11. Under Florida law what are the benefits payable for medical expenses: 80% 12. Under Florida law what are the benefits payable for lost wages: Up to 60% 13. Death benefits: 5,000 14. Deductibles are how much: $250,$500,$1000 15. Cease to defend: Limits exhausted by payment 16. Before an owner of a vehicle can't obtain a license plate and tag regis- tration the owner must purchase PIP coverage in property damage liabilitycoverage in the amount of: $10,000 17. When will the individuals be requested to prove they are financially capablethree different times: At the time of an accident ( 2 )a major traffic violation and (3)an insurance vehicle is used in a felony 18. The minimum liability limits bar: 10/20/10 19. Which of the following does nottrigger financial responsibility: An accidentwith a small amount of property damage 20. FR-44 is for: People who are convicted of dui or dwi 21. If convicted of a dui or dwi insured must: Piggy 100% of the premium inadvance also carry 100/300/50 liability insurance coverage for 3 years 22. How long with the insured receive medical care when qualifying under medical payments: Medical Expenses and funeral services three years from dateof accident regardless of fault 3 / 11 23. Jon is walking across the street to go to the county fair and he is trucks as a pedestrian buy a motorcycle which of the following provides coverage?- : Medical payments 24. There is no deductible on: Windshield damage 25. Rental coverage cost: $20 a day / $600 maximum 26. If the insured wants to purchase coverage for a non-owned auto when heuses the vehicle for business or the car is furnished or his regular use or when he carries people or property for a fee what would he purchase: The extendednon-owned endorsement 27. If the insured wants to purchase coverage for a motorhome motorcycle all terrain vehicle golf cart or June buggy how can he acquire the coverage underPap?: The miscellaneous type vehicle endorsement 28. What is that Applicable time frame for insurer to send Notification ofcancellation or non-renewal: 45 days 29. What is not eligible for Fajua?: A nonresident owning property in Florida 30. Which of the following is the policy term for a used car on a mechanicalbreakdown policy: 12,000 or 12 months 31. Car rental reimbursement: $15 per day / $75 maximum 32. When doesthe personal auto policy cease to defend the insured: When thelimits are exhausted by payments 33. HO-2 (broad form): coversthe dwelling, otherstructures, and personal propertyon a named perils basis 34. HO-3 (special form): covers the dwelling and other structures on a risk-of-di- rect-physical loss basis. All direct physical losses are covered except those lossesspecifically excluded. Personal property is covered on a named perils basis 35. HO-4: renters insurance 36. HO-5: Comprehensive Form 37. HO-6: condominium owners 38. HO-7: covers mobile homes and house trailers 39. The insured is renting a condominium in which his family resides what isthe best homeowners policy to sell him: Ho4 40. Under the homeowners policy H03 which of the following would be consid-ered an insured: The named insured's 25-year-old son living at home 41. Which of the following is not covered un