Florida 4-40 test EXAM (2025/2026) Updated: EXAM
QUESTIONS WITH ACCURATE ANSWERS | GET IT
RIGHT!!
Transferring the risk to an insurance company is known as what? -
(ANSWER)Insurance
When the insured request to have the company change a condition or provision
in an insurance policy the document attach to the policy is referred to as what? -
(ANSWER)Endorsement
George and Sandy only home which was damaged by fire who has insurable
interest - (ANSWER)George and Sandy
What is the most common loss settlement valuation in the property policies? -
(ANSWER)Actual cash value
The insurance company pays the insured for damages that should have been
collected from the app fault party now the insured right to seek damages from
the airport party are transferred to his insurance company what best describes
this concept - (ANSWER)Subrogation
PIP - (ANSWER)Personal Injury Protection
Pip coverage is - (ANSWER)Primary
,Tort Immunity - (ANSWER)Relief for persons who have suffered harm from the
wrongful acts of others
Extend PIP - (ANSWER)To fill percentage gaps
Additional PIP increases limits to... - (ANSWER)Increase dollar limit only 10,000 to
25,000 or more
Under Florida law what are the benefits payable for medical expenses -
(ANSWER)80%
Under Florida law what are the benefits payable for lost wages - (ANSWER)Up to
60%
Death benefits - (ANSWER)5,000
Deductibles are how much - (ANSWER)$250,$500,$1000
Cease to defend - (ANSWER)Limits exhausted by payment
Before an owner of a vehicle can't obtain a license plate and tag registration the
owner must purchase PIP coverage in property damage liability coverage in the
amount of - (ANSWER)$10,000
, When will the individuals be requested to prove they are financially capable three
different times - (ANSWER)At the time of an accident ( 2 )a major traffic violation
and (3) an insurance vehicle is used in a felony
The minimum liability limits bar - (ANSWER)10/20/10
Which of the following does not trigger financial responsibility - (ANSWER)An
accident with a small amount of property damage
FR-44 is for - (ANSWER)People who are convicted of dui or dwi
If convicted of a dui or dwi insured must - (ANSWER)Piggy 100% of the premium
in advance also carry 100/300/50 liability insurance coverage for 3 years
How long with the insured receive medical care when qualifying under medical
payments - (ANSWER)Medical Expenses and funeral services three years from
date of accident regardless of fault
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? -
(ANSWER)Medical payments
There is no deductible on - (ANSWER)Windshield damage
QUESTIONS WITH ACCURATE ANSWERS | GET IT
RIGHT!!
Transferring the risk to an insurance company is known as what? -
(ANSWER)Insurance
When the insured request to have the company change a condition or provision
in an insurance policy the document attach to the policy is referred to as what? -
(ANSWER)Endorsement
George and Sandy only home which was damaged by fire who has insurable
interest - (ANSWER)George and Sandy
What is the most common loss settlement valuation in the property policies? -
(ANSWER)Actual cash value
The insurance company pays the insured for damages that should have been
collected from the app fault party now the insured right to seek damages from
the airport party are transferred to his insurance company what best describes
this concept - (ANSWER)Subrogation
PIP - (ANSWER)Personal Injury Protection
Pip coverage is - (ANSWER)Primary
,Tort Immunity - (ANSWER)Relief for persons who have suffered harm from the
wrongful acts of others
Extend PIP - (ANSWER)To fill percentage gaps
Additional PIP increases limits to... - (ANSWER)Increase dollar limit only 10,000 to
25,000 or more
Under Florida law what are the benefits payable for medical expenses -
(ANSWER)80%
Under Florida law what are the benefits payable for lost wages - (ANSWER)Up to
60%
Death benefits - (ANSWER)5,000
Deductibles are how much - (ANSWER)$250,$500,$1000
Cease to defend - (ANSWER)Limits exhausted by payment
Before an owner of a vehicle can't obtain a license plate and tag registration the
owner must purchase PIP coverage in property damage liability coverage in the
amount of - (ANSWER)$10,000
, When will the individuals be requested to prove they are financially capable three
different times - (ANSWER)At the time of an accident ( 2 )a major traffic violation
and (3) an insurance vehicle is used in a felony
The minimum liability limits bar - (ANSWER)10/20/10
Which of the following does not trigger financial responsibility - (ANSWER)An
accident with a small amount of property damage
FR-44 is for - (ANSWER)People who are convicted of dui or dwi
If convicted of a dui or dwi insured must - (ANSWER)Piggy 100% of the premium
in advance also carry 100/300/50 liability insurance coverage for 3 years
How long with the insured receive medical care when qualifying under medical
payments - (ANSWER)Medical Expenses and funeral services three years from
date of accident regardless of fault
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? -
(ANSWER)Medical payments
There is no deductible on - (ANSWER)Windshield damage
