FLORIDA 220 GENERAL LINES INSURANCE
STUDY GUIDE QUESTIONS AND ANSWERS
COMPLETE INSURANCE EXAM PREP
LICENSING PRACTICE TEST
UPDATED QUESTIONS AND ANSWERS 100% VERIFIED EXAM PREP
,Consequential Damage Family sues for their loss.
Minimum Limits $100,000 per accident, $100,000 per employee
per disease, $500,000 policy limit.
Part III - Other States Provides automatic coverage in other states
listed in policy.
General Contractors Must ensure subcontractors have WC.
Special Federal Programs Include Federal Employers Liability Act
(railroad), Longshore and Harbor Workers' Act,
and Jones Act (seamen).
Employers Must Pay If WC Not Even if not required to buy WC, employer must
Purchased pay benefits by law if employee is injured.
Penalties for No WC Third-degree felony for not having required
coverage.
Stop-work order A penalty for not having required coverage.
$1,000 or 2x premium fine A penalty for not having required coverage.
, WC Benefits Includes Medical Benefits, Disability Benefits,
and Death Benefits.
7-day waiting period Before benefits start.
Death Benefits Funeral expenses up to $7,500 and dependent
benefits up to $150,000.
Reduction in Benefits If an employee refuses safety devices, benefits
reduced by 25%.
Premium Determination Premiums calculated per $100 of payroll.
Factors for Premiums Include Experience Modification and
Retrospective Rating Plans.
Cancellation Notice Policy <90 days: 30-day notice; Policy >90 days:
45-day notice.
FWCJUA State-created market if coverage can't be
secured.
Tiers of FWCJUA Tier 1: +25% standard rates, Tier 2: +50% standard
rates, Tier 3: Assigned Risk Pool.
STUDY GUIDE QUESTIONS AND ANSWERS
COMPLETE INSURANCE EXAM PREP
LICENSING PRACTICE TEST
UPDATED QUESTIONS AND ANSWERS 100% VERIFIED EXAM PREP
,Consequential Damage Family sues for their loss.
Minimum Limits $100,000 per accident, $100,000 per employee
per disease, $500,000 policy limit.
Part III - Other States Provides automatic coverage in other states
listed in policy.
General Contractors Must ensure subcontractors have WC.
Special Federal Programs Include Federal Employers Liability Act
(railroad), Longshore and Harbor Workers' Act,
and Jones Act (seamen).
Employers Must Pay If WC Not Even if not required to buy WC, employer must
Purchased pay benefits by law if employee is injured.
Penalties for No WC Third-degree felony for not having required
coverage.
Stop-work order A penalty for not having required coverage.
$1,000 or 2x premium fine A penalty for not having required coverage.
, WC Benefits Includes Medical Benefits, Disability Benefits,
and Death Benefits.
7-day waiting period Before benefits start.
Death Benefits Funeral expenses up to $7,500 and dependent
benefits up to $150,000.
Reduction in Benefits If an employee refuses safety devices, benefits
reduced by 25%.
Premium Determination Premiums calculated per $100 of payroll.
Factors for Premiums Include Experience Modification and
Retrospective Rating Plans.
Cancellation Notice Policy <90 days: 30-day notice; Policy >90 days:
45-day notice.
FWCJUA State-created market if coverage can't be
secured.
Tiers of FWCJUA Tier 1: +25% standard rates, Tier 2: +50% standard
rates, Tier 3: Assigned Risk Pool.
