FLORIDA 4-40 TEST EXAM 2025
QUESTIONS AND ANSWERS
Transferring the risk to an insurance company is known as what? - ANS 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? - ANS Endorsement
George and Sandy only home which was damaged by fire who has insurable interest -
ANS George and Sandy
What is the most common loss settlement valuation in the property policies? - ANS 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 - ANS Subrogation
PIP - ANS Personal Injury Protection
Pip coverage is - ANS Primary
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@COPYRIGHT @THEBRIGHT 2025/2026
, Tort Immunity - ANS Relief for persons who have suffered harm from the wrongful acts of
others
Extend PIP - ANS To fill percentage gaps
Additional PIP increases limits to... - ANS Increase dollar limit only 10,000 to 25,000 or more
Under Florida law what are the benefits payable for medical expenses - ANS 80%
Under Florida law what are the benefits payable for lost wages - ANS Up to 60%
Death benefits - ANS 5,000
Deductibles are how much - ANS $250,$500,$1000
Cease to defend - ANS 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 - ANS $10,000
When will the individuals be requested to prove they are financially capable three different
times - ANS 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 - ANS 10/20/10
Which of the following does not trigger financial responsibility - ANS An accident with a small
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amount of property damage
@COPYRIGHT @THEBRIGHT 2025/2026
, FR-44 is for - ANS People who are convicted of dui or dwi
If convicted of a dui or dwi insured must - ANS 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 -
ANS 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? - ANS Medical payments
There is no deductible on - ANS Windshield damage
Rental coverage cost - ANS $20 a day / $600 maximum
If the insured wants to purchase coverage for a non-owned auto when he uses 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 - ANS The extended non-owned endorsement
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 under Pap? - ANS The miscellaneous
type vehicle endorsement
What is that Applicable time frame for insurer to send Notification of cancellation or non-
renewal - ANS 45 days
3
What is not eligible for Fajua? - ANS A nonresident owning property in Florida
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@COPYRIGHT @THEBRIGHT 2025/2026
QUESTIONS AND ANSWERS
Transferring the risk to an insurance company is known as what? - ANS 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? - ANS Endorsement
George and Sandy only home which was damaged by fire who has insurable interest -
ANS George and Sandy
What is the most common loss settlement valuation in the property policies? - ANS 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 - ANS Subrogation
PIP - ANS Personal Injury Protection
Pip coverage is - ANS Primary
1
Page
@COPYRIGHT @THEBRIGHT 2025/2026
, Tort Immunity - ANS Relief for persons who have suffered harm from the wrongful acts of
others
Extend PIP - ANS To fill percentage gaps
Additional PIP increases limits to... - ANS Increase dollar limit only 10,000 to 25,000 or more
Under Florida law what are the benefits payable for medical expenses - ANS 80%
Under Florida law what are the benefits payable for lost wages - ANS Up to 60%
Death benefits - ANS 5,000
Deductibles are how much - ANS $250,$500,$1000
Cease to defend - ANS 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 - ANS $10,000
When will the individuals be requested to prove they are financially capable three different
times - ANS 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 - ANS 10/20/10
Which of the following does not trigger financial responsibility - ANS An accident with a small
2
Page
amount of property damage
@COPYRIGHT @THEBRIGHT 2025/2026
, FR-44 is for - ANS People who are convicted of dui or dwi
If convicted of a dui or dwi insured must - ANS 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 -
ANS 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? - ANS Medical payments
There is no deductible on - ANS Windshield damage
Rental coverage cost - ANS $20 a day / $600 maximum
If the insured wants to purchase coverage for a non-owned auto when he uses 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 - ANS The extended non-owned endorsement
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 under Pap? - ANS The miscellaneous
type vehicle endorsement
What is that Applicable time frame for insurer to send Notification of cancellation or non-
renewal - ANS 45 days
3
What is not eligible for Fajua? - ANS A nonresident owning property in Florida
Page
@COPYRIGHT @THEBRIGHT 2025/2026
