Missed 2-20 Exam Questions

The HO-??? can be taken out by a condo owner for either their own #2416occupancy or tenant occupancy of the condominium.

6

Brenda has a PIP claim with $8,000 in injuries and a $0 PIP deductible. #14691 How much will Brenda receive as a claims payment from her insurance company?

6,400

The standard rating plan is provided by: #1764 A)Department of Insurance B)Insurance Services Office C)Insurance Rating Board D)Board of Insurance and Rating Regulation

B

Your commercial insured has struck a dog in a one vehicle accident which resulted in #1974several thousand dollars of damage to her vehicle. What type of physical damage claimwill she be filing? A)Special B)Comprehensive C)Collision D)Cruelty to Animal

B - Animal collisions are comprehensive

What is the minimum amount of coverage for Loss Assessment in a Florida HO-6 Condominium policy? A)$1,000 B)$2,000 C)$5,000 D)$10,000

B - In Florida the HO-6 Condo policy is required to have a minimum of $2,000 for the Coverage of Loss Assessment.

The BAP's Section II Liability coverage does not apply to: #1777 A)Negligence B)Employee injuries C)Both A & B D)Neither A or B

B - Negligence is not on the list of exclusions

True or False: In Ocean Marine insurance a constructive total loss occurs when #2201property value is less than the cost of the salvage. A)True B)False

B - Ocean Marine insurance a constructive total loss occurs when property value is less than the cost of the salvage + the cost of repairs

161. Crime coverage "Money Orders And Counterfeit Paper Currency" covers: #1932 A)Loss of money and securities resulting from theft, disappearance, or destruction B)Worldwide coverage of loss of money, securities and other property by use of a computer to fraudulently convert assets C)Loss resulting from receiving payment with counterfeit currency or money orders D)None of the above

C

Additional Coverages in the BOP include a $____ limit for Pollutant #2344Clean Up and Removal. A)$1,000 B)$5,000 C)$10,000 D)None of the above

C

An insured has the following limits with the "basic" limits for #2067Fire Damage/Fire Legal coverage. What is the basic limit for Fire Damage/Fire Legal coverage?General Aggregate Limit $2,000,000Products-Completed Operations Limit $2,000,000Personal and Advertising Injury Limit $1,000,000Per Occurrence Limit $1,000,000Fire Damage/Fire Legal $ ______Medical Payments Limit $ 5,000 A)The basic limit for Fire Damage is $1,000 B)The basic limit for Fire Legal is $5,000 C)The basic limit for Fire Legal is $100,000 D)The basic limit for Fire Legal is $1,000,000

C

The Extra Expense Form #1900 A)Pays extraordinary expenses incurred to maintain ongoing operations overand above normal expenses B)Has a schedule which prorates the insured's recovery over time and against the policy limit on a percentage basis over time C)Both A & B D)Neither A or B

C

Coverage C in the Homeowners policy covers: #2437 A)Dwelling B)Other Structures C)Personal Property D)Loss of Use

C - C my personal property

e Dwelling Policy with the greatest amount of coverage is the: #2690 A)DP-1 B)DP-2 C)DP-3 D)DP-4

C - DP-3 provides the great amount of coverage

Medical Payments are payments (without regard to fault or legal liabilities) #14682 for necessary medical and funeral expenses rendered within ______ years from the date of accident to an "insured".

3

In the Homeowners Insurance Policy "debris removal and reasonable repairs" #14705 after a loss are covered up to ___% of Coverage A.

5

A bailee is: #2176 A)The custodian of another's property B)The owner of property in the care of another C)Both A & B D)Neither A or B

A

In the BAP damage from a falling object or missile to an insured vehicle is treated under #1792Comprehensive coverage. True or False

True

The BOP's Additional Coverages provides $___ for Fire Department Service Charges. #2339 A)$500 B)$1,000 C)$2,500 D)$5,000

B

The BAP's Section II Liability coverage does not apply to: #1775 A)Organized racing B)Property in the insureds care, custody, or control C)Negligence D)Both A & B

A

The Basic Form Cause of Loss perils include: #2651 A)Riot or Civil Commotion B)Earth Movement C)Both A & B D)Neither A or B

A - The Basic Form causes of loss include the following specified perils: Fire and removal, Lightning, Explosion, Windstorm or Hail, Smoke, Aircraft and Vehicles, Riot or Civil Commotion, Vandalism, Sprinkler Leakage, Sinkhole Collapse, and Volcanic Action.

The Commercial Property coverage extension, Outdoor Property, pays up to $___ #2599for fences, radio/TV antennas, detached signs, trees, shrubs and plants. A)$1,000 B)$2,500 C)$5,000 D)$10,000

A - the fence is only worth 1,000

The Commercial Property policy form Territory includes which of the following? #2584(choose as many as apply) A)Canada B)United States C)Mexico D)Puerto Rico

A, B, C

The Basic Form Causes of Loss include which of the following specified perils? #15673(choose all that apply) A)Fire, Lightning, and Explosion B)Windstorm or Hail C)Weight of Ice, Snow, or Sleet D)Collision with an Aircraft or Vehicle

All

ERISA has a "_______ clause" which sets apart for the states all rights not #1624reserved under ERISA. A)Deemer clause B)Savings clause C)Pre-emption D)None of these apply

B

True or False: Building Ordinance and Law is automatically included in the #2672 DP-1, DP-2, and DP-3 True False

F - DP-2 and DP-3

If an accident occurs in the state of Florida, the named insured's PIP benefits apply #14676 to a residing relative if injured as an occupant of the insured's vehicles. If the accident occurs outside of the state of Florida is the residing relative still covered?

Yes, if the residing relative's injury occurred in one of the named insured's vehicles

The Personal Articles Floater (PAF) insures specific classes of property; #14702all but which of the following are true statements about the PAF.

he PAF's notable features include: an open perils cause of loss; world-wide coverage; first dollar coverage -that is no deductible; inherent vice, which is an internal quality of a tangible item/propertywhich leads to its own decay or destruction is SPECIFICALLY EXCLUDED

A Homeowners insured has suffered a fire loss to their residence with $500,000 #2424 of coverage on the Dwelling. What amount of "Additional Coverage" would they have for Trees, Shrubs, and Plants?

5% or $25,000

The Vandalism endorsement in the DP-1 policy does not provide any coverage if #14701 the building was vacant for ___ or more consecutive days immediately preceding a loss.

60

A customer representative may only perform customer representative duties: #1588 A)as to the specific general lines insurance products which their supervising,General Lines Agent, is actually then appointed by an insurer to handle B)... as to any lines of insurance C)a customer representative does not have a "supervising agent" D)none of these apply

A

A private passenger automobile policy has a single bodily injury liability limit of $300,000. #14497The insured is involved in an at-fault accident and four individuals in the other car have injuries of $150,000 each. How much will the insured's policy pay in total? A)$300,000 B)$400,000 C)$500,000 D)$600,000

A

An insured has curiously called you to ask if his burial plot is insured for Liability under #2377his Homeowners policy. How will you respond? A)Advise the insured that cemetery plots and burial vaults are covered as insured locations B)Advise the insured that cemetery plots and burial vaults are excluded as insured locationsC )Advise the insured that cemetery plots and burial vaults are not addressed in the Homeowners policy D)Advise the insured that only the residence premises is considered an insured location for Section II of the Homeowners policy

A

Bob's Radio and TV Repair shop has called in a claim for a customer who has broken #2348their nose when the customer tripped over their own shoe laces. How will the BOP respond? A)The BOP will pay for the first aid to the customer for injuries sustained on or next to the insured's owned or rented premises B)The BOP will pay for the first aid to the customer for injuries sustained at the insured's operations irrespective of legal liability C)Both A & B D)Neither A or B

A

Geri Curl's laptop was stolen at the Beauty Expo and a brand new laptop just like #14528Geri's cost $1,499. Geri's insurance company pays her $999 ($1,499 less $500 of "depreciation");this is an example of? A)depreciation basis B)actual cash value basis C)replacement cost value basis D)none of the above

A

In Section III of the BAP, Specified Causes of Loss is: #1782 A)More limited in coverage than Comprehensive coverage B)Broader in coverage than Comprehensive coverage C)The same as Comprehensive coverage D)Another name for Collision coverage

A

In the Commercial Property policy's Additional Coverage Extensions there is $____ #2661coverage for property in transit. A)$1,000 B)$2,500 C)$5,000 D)$10,000

A

In the Farm Policy the Livestock Coverage form covers: #2708 A)Livestock B)Mobile Equipment C)Both A & B D)Neither A or B

A

In the Flood Insurance Dwelling policy detached garages are covered up to #2730___% of the dwelling limit. A)10% B)20% C)25% D)0

A

Legal Liability Coverage Form indemnifies the insured for their legal liability for: #2622 A)Property damage to the insured's property B)Property damage to an other's property C)Both A & B D)Neither A or B

A

Liability in the BAP is extended to all BUT which of the following: #1773 A)Non-owned autos on a primary basis B)Trailers with a load capacity at or under 2,000 pounds C)"Mobile equipment" while it is being carried or towed by a covered auto D)Any temporary substitute auto

A

Ocean Marine Hull Coverage... #2180 A)Covers for loss of or damage to the vessel by: fire, lightning, earthquake, assailingthieves, "perils of the seas," jettisons, barratry of the master or mariners and "all other like perils" B)Coverage is not limited by geographical territory C)Both A & B D)Neither A or B

A

Ocean Marine Liability covers... #2185 A)Collision with another ship B)Property damage to any other property C)Both A & B D)Neither A or B

A

Peter Piper is seeking an agents license with the sole purpose of selling 100% #14595of any and all business to the parents of his children's soccer, volleyball,gymnastics, football, and baseball teams. A)Peter's application will not be lawful because Peter is attempting to obtain the license to sell controlled business B)Peter's application is lawful if all of the teams are in Florida C)Peter's application is lawful as long as he does not rebate any commission back to the parents D)all of the above

A

The Basic Form Cause of Loss perils include: #2651 A)Riot or Civil Commotion B)Earth Movement C)Both A & B D)Neither A or B

A

The Commercial Package Policy can be formed by combining which of the following: #2362 A)Commercial Property B)Boiler and Machinery C)Farm D)All of the above

A

The Commercial Property policy coverage extension, Personal Effects and Property #2596of Others, pays up to $____ for the personal effects of the named insured, partners,employees, and personal property of others in the care, custody or control of the insured. A)$2,500 B)$25,000 C)$50,000 D)$100,000

A

The Suspension Condition states coverage: #1889 A)on an object can be suspended if the object is "in" or "exposed to" a dangerous condition B)RCV unless repair or replacement is not made within 18 months of the date of accident C)both A & B D)neither A or B

A

The basic limits for Section II of the Homeowners policy are: #2491 A)$100,000 Liability and $1,000 Medical Payments B)$300,000 Liability and $3,000 Medical Payments C)$500,000 Liability and $5,000 Medical Payments D)$1,000,000 Liability and $10,000 Medical Payments

A

This Homeowners policy form provides "broad" form of coverages: #2418 A)HO-2 B)HO-3 C)HO-4 D)HO-6

A

True of False: Farm Liability excludes liability for pollutants and injury to farm employees. #2100 A)True B)False

A

True of False: PIP benefits include coverage for those who rely on spiritual means #2300through prayer alone for healing, in accordance with religious beliefs. A)True B)False

A

True or False: There are elimination periods in the Disability Income policy. #2141 A)True B)False

A

Under Florida's Workers' Compensation laws a sole proprietor or partner: #2864 A)Is considered to be the employer and not an employee B)Is considered to be the employer and an employee C)There is no ruling concerning sole proprietors or partners D)None of the above

A

Which type of provider is organized by physicians and hospitals who contract with #2147an insurance company who offers their services via a negotiated scheduled contract: A)PPO B)PIP C)HMO D)None of the above

A

Your BAP insured has his truck damaged in an earthquake. He has Specified #1811Causes of Loss coverage on the vehicle. Is the earthquake damage covered? A)Yes, earthquake is a specified cause of loss B)No, only specified causes of loss are covered C)No, earthquake damage is covered only under Comprehensive coverage D)None of these apply

A

Your Homeowners insured has a motor vehicle in dead storage at the insured residence. #2481Do they have liability coverage for that vehicle? A)Yes B)No C)Not addressed by Section II of the Homeowners policy D)No but liability can be endorsed

A

Your Homeowners insured has been put on notice of an injury which took place #2470at some vacant land the insured owns.How will the Homeowners policy respond to this claim? A)The claim will be paid up to the Liability limits of the policy B)The claim will be denied as vacant land is excluded in Section II of the Homeowners policy C)The claim will be paid less the "vacant land deductible" D)The Homeowners policy does not address Section II- Liability and vacant land

A

_______________ damages award money for the tangible and intangible economic #14537loss suffered by a third party claimant. A)compensatory B)general C)special D)punitive

A

he Basic Form Cause of Loss perils include: #2651 A)Riot or Civil Commotion B)Earth Movement C)Both A & B D)Neither A or B

A

n the Commercial Property policy's Additional Coverage Extensions there is $____ #2661coverage for property in transit. A)$1,000 B)$2,500 C)$5,000 D)$10,000

A

A ______________ is defined as a private passenger auto, pickup, van or trailer not owned #14687 by or furnished to or available for the regular use of the named insured or a family member which the insured hires, rents, leases, or borrows.

A "hired auto" is defined as a private passenger auto, pickup, van or trailer not owned by or furnished to or available for the regular use of thenamed insured or a family member which the insured hires, rents, leases or borrows.

The insured has a Crime policy form and has suffered a loss by an act committed #1917by an employee. Is this loss covered? A)Covered B)Not Covered

A - Feedback:One of the primary objectives of the Crime form is to cover employee dishonesty.

Physicians Coverage.... #2161 A)Reimburses an insured for non-surgical care provided by a physician B)Services in the physician's office, insured's home, or hospital are typically not covered C)Both A & B D)Neither A or B

A - Because b says NOT

Jack was injured in an automobile accident and has a PIP Claim with $8,000 in #14611injuries and a $500 PIP deductible.How much will Jack receive as a claim payment from his insurance company? A)$6,000 B)$7,500 C)$8,000 D)$8,500

A - Jack will receive $6,000 ($8,000 - $500) X 80%

The Liability coverage afforded under the PAP pays on behalf of the insured money #14484damages for which the insured becomes legally liability to others for? A)Bodily injuries B)Property damages C)Includes expenses for a special investigation D)Personal injury

A and B

he Florida Automobile Joint Underwriting Association (FAJUA) is a residual market #14616for individuals who cannot obtain automobile insurance in the private - competitive market.Which of the following are characteristics of the FAJUA? (choose all that apply) A)the FAJUA operates on behalf of all licensed Florida automobile insurers B)the private auto insurers share in the operating profit or loss of the FAJUA C)the FAJUA operates in Florida, Georgia, Alabama, and South Carolina D)the FAJUA does not sell insurance through agents but directly via 800-GET-FAJUA

A and B

All of the following are exposures covered by Commercial General Liability policy? #15680(select all that apply) A)premises and operations B)automobile liability C)products and completed operations D)workers' compensation

A and C

Which of the following are true regarding the "cancellation" of insurance policies? #14535(choose all that apply)? A)an insurance company must provide some specific number of days to cancel a policy B)cancellation conditions in general allow the insurance company to cancel at any time C)cancellation conditions in general allow the insured to cancel at any time D)cancellation can only take place if mutually agreed to and in writing

A and C

Exceptions to the rule of indemnity include which of the following? #14532(choose all that apply) A)direct payments to a claimant in a liability claim B)stated value C)actual cash value D)replacement cost endorsements

A and D

Surety bonds are premised upon the fidelity of the principal along all but which of the following? #15704 A)character of the principal B)the principal's financial resources C)the principal's underlying insurance a.k.a. "other insurance" D)the experience or capabilities of the principal to perform

A, B, D

The Commercial Property policy form Territory includes which of the following? #2584(choose as many as apply) A)Canada B)United States C)Mexico D)Puerto Rico

A, B, D

The DP-2 policy form covers which of the following perils? (choose all that apply) #14521 A)damage by burglars B)earthquake C)falling objects D)flood E)weight of ice, snow, or sleet F)nuclear

A, C, E

Which of the following are typical exclusions in property policies? #14607(choose as many as apply) A)war B)nuclear hazard C)intentional losses by the insured D)power failure

All

A ________________ license enables the holder to solicit, sale, and #14582service only Personal Lines of insurance. A)6-20 Personal Adjuster Agent License B)20-44 Personal Lines Agent License C)20-44 Personal Lines Agency License D)4-40 Personal Lines Agent License

B

Bodily Injury and Property Damage are EXCLUDED by all BUT which of the #2350following under the BOP policy? A)Defects and Delays B)Ordinary Negligence C)Pollution D)Employee injuries

B

Feedback:The BOP is never written on a claims made form 127. You insured's guest has tripped over her own shoe laces at the insured's residence. #2567The insured has agreed in writing to pay all medical bills, lost wages, and pain andsuffering to the guest. Has the insured met the conditions of his policy? A)Yes, he has merely started the claim for the insurer B)No, he has prejudiced the insurer's rights C)Yes, first aid and ancillary damages are always covered D)No, because he is not a licensed claims adjuster

B

Hurricane deductibles apply: #2693 A)Per occurrence B)Per year C)Deductibles do not apply to the Dwelling Program D)None of the abov

B

Legal Liability Coverage Form indemnifies the insured for their legal liability for: #2622 A)Property damage to the insured's property B)Property damage to an other's property C)Both A & B D)Neither A or B

B

Liability for motorized land conveyances under the Homeowners policy form applies to: #2382 A)Vehicles anywhere B)Vehicles in dead storage C)Golf carts anywhere D)All of the above

B

Mary Richards, your insured, has asked for an Umbrella/Excess Liability policy which #14515provides coverage in excess of her underlying limits AND does not want a policywhich will hold her to the same limitations as her underlying policies.Which type of Umbrella/Excess Liability policy is Mary asking for? A)Follow Form B)Stand Alone C)Umbrella Alone D)Condition Umbrella

B

Ocean Marine Freight Coverage... #2183 A)Is not normally part of the Hull coverage B)Covers financial loss by vessel owner if freight charges are not paid C)Both A & B D)Neither A or B

B

Richie, a licensed insurance agent in Georgia, has referred a client to you; #14583which of the following is in support of the law F.S. 626.112(8)? A)you can pay Richie a referral fee conditioned upon the sale to the referred client B)you can pay Richie a "nominal" referral fee not conditioned upon any sale to the referred client C)out of state referrals are not lawful; you must reject the referral to comply with the law D)you can pay Richie a referral fee conditioned upon a sale BUT only if Richiehas a non-resident's license

B

Seals Croft suffered $12,000 of non permanent injuries in an accident that was #2242Madonna Sinatra's fault. Madonna did not carry any insurance on her vehicle.Seals has recovered for his medical expenses and lost wages under his PIPand Medical Payments coverages and has stacked UM coverage. A)Seals can collect against his UM coverage B)Seals cannot collect against his UM coverage C)The PAP and Florida Statutes are silent on this issue D)Seals can file a stacked UMBI claim against his carrier.

B

Section II Liability of the Garage Policy does not apply to: #1854 A)Negligence B)Employee injuries C)Both A & B D)Neither A or B

B

The BAP policy includes all BUT which of the following "usage" categories: #1790 A)Retail B)Long-Hauler C)Commercial D)Service

B

The BAP's Section II Liability coverage does not apply to: #1777 A)Negligence B)Employee injuries C)Both A & B D)Neither A or B

B

The BOP's Fire Legal Liability coverage covers: #2357 A)Damage caused by an insured to a premises rented to the insured B)Damage caused by an insured to a premises rented by the insured to a tenant C)The BOP does not include Fire Legal coverage D)Up to $5,000 for property in the care custody and control of the insured

B

The CGL's Supplemental Payments provide up to $___ per day for loss of earning #2056for time taken off of work in the investigation or defense of an insured's claim. A)$100 B)$250 C)$500 D)$1,000

B

The Crime policy Discovery Form covers: #1941 A)Losses that both occurred and were discovered during the policy period, orwithin four years of its expiration B)Losses discovered during the policy period or within 60 days after its expiration arecovered regardless of when the loss occurred

B

There are six different Homeowners policy forms; the HO-2 Broad Form, HO-3 Special Form, #14620the HO-5 Comprehensive Form; the HO-8 Modified Coverage Form. The HO-4 Form is the ________________ Policy Form. A)Unit-Owners Condominium Policy Form B)Contents Broad Form Renters Policy Form C)Tenant Broad Form Lessors Risk Policy Form D)Mobile Home Owners Broad Form for Mobile Home Owners

B

Tood Hoover, a sole proprietor brick layer, has a Business Auto policy and has #15693three vehicles on the policy: (1) truck used in business, (2) sedan used by Mrs. Hoover,and (3) a coupe used by their 16 year old daughter. Which endorsement should be added to the Hoover BAP to broaden the coverageson the private passenger vehicles to broaden coverage for those vehicles similarto that of PAP coverages? A)Named Individuals- Broadened PIP B)Individual Named Insured C)Drive Other Car D)BAP-PAP-Wrap Endorsement

B

True or False. The CGL has different claims triggers for Coverage A Bodily Injury #2026and Property Damage AND Coverage B Personal and Advertising Injury. A)True B)False

B

True or False: In Ocean Marine insurance a constructive total loss occurs when #2201property value is less than the cost of the salvage. A)True B)False

B

True or False: PIP coverage reimburses "work loss" at 60% for having household #2308services performed by others which the injured person would normally have done but for the injury. A)True B)False

B

True or False: The Claims Made CGL policy form applies only to Bodily Injury or #2043Property Damage claims which occur on or before the "retroactive date". A)True B)False

B

True or False: The three Cause of Loss Forms are: (1) Basic, (2) Broad, or (3) General. #2624 A)True B)False

B

Under Florida's Workers' Compensation laws there is a ____ day "waiting period" #2886required before benefits begin - benefits are payable from injury day one if disabilities exceed twenty-one days in duration. A)0 B)7 C)14 D)21

B

Under the Section III of the BAP insuring agreement, the company agrees to #1801pay for ______ and _______ loss. A)Indirect and Intentional B)Direct and Accident C)Obvious and Overture D)None of these apply

B

Which bond guarantees the Principal's undertakings as trustee in preservation of #2801property other than estates of decedents? A)Probate Bond B)Conservation Bond C)Insolvency Bond D)Court Bonds

B

Which of the following is an eligible exposure for a Business Owners Policy? #2331 A)Condos and offices up to thirty stories B)Commercial general contractors C)Apartment houses and residential condominium association buildings D)None of the above

B

Which of the following would not be covered by the CGL's Personal and Advertising #15686Injury coverage? A)false arrest B)wrong price descriptions C)libel or slander D)misappropriation of advertising ideas

B

Your commercial insured has struck a dog in a one vehicle accident which resulted in #1974several thousand dollars of damage to her vehicle. What type of physical damage claimwill she be filing? A)Special B)Comprehensive C)Collision D)Cruelty to Animals

B

Your insured has struck a mailbox in a one vehicle accident which resulted in a #1715broken windshield. What type of physical damage claim will he be filing? A)Special B)Other Than Collision C)Collision D)Mailbox

B

Your insured in involved in a multi-vehicle accident. The policy has Other Than #1709Collision coverage with a $500 deductible and Collision coverage with a $1,000 deductible.The insured vehicle has $7,500 in damages. How much will the insured collect after applyingthe correct coverage and deductible? A)$6,000 B)$6,500 C)$7,000 D)$7,500

B

__________ damages award money for the intangible losses such as pain and #14538suffering, and mental anguish. A)compensatory B)general C)special D)punitive

B

Craig Gorney has suffered a compensable Theft loss and is in need of a temporary #14489substitute vehicle while his claim is being resolved. You advise Craig that theTransportation Expense coverage begins ___ hours after a Theft loss. A)24 B)48 C)72 D)96

B - 48 hours after theft

The CGL ______________ coverage for personal property in the insured's care, #15691custody or control. A)includes B)excludes

B - The CGL excludes coverage for personal property in the insured's care, custody or control.

True or False: The Claims Made CGL policy form applies only to Bodily Injury or #2043Property Damage claims which occur on or before the "retroactive date". A)True B)False

B - The Claims Made policy form applies only to Bodily Injury or Property Damage claims which occur on or after the "retroactive date".

Under Florida's Workers' Compensation laws penalties for non-compliance include: #2871 A)business is guilty of second-degree misdemeanor B)business can be shut down C)both A and B D)neither A or B

B - Third Degree Felony

rue of False: The Crime Form is written on an "stated perils" cause of loss form. #1921 A)True B)False

B - all risk basis

Ocean Marine Freight Coverage... #2183 A)Is not normally part of the Hull coverage B)Covers financial loss by vessel owner if freight charges are not paid C)Both A & B D)Neither A or B

B - it is part of the hull coverage

All of the following meet the definition of Flood or Flooding EXCEPT: #14704 A)overflow of inland or tidal watersB)unusual and rapid accumulation of runoff of surface waters from any sourceC)broken water pipeD)mudflow

Broken Pipe - Flood or Flooding is defined as the partial or complete inundation of two or more acres of normally dry land or oftwo or more properties (with one of the affected properties being an insured property) from: overflow of inland ortidal waters; unusual and rapid accumulation of runoff of surface waters from any source; and mudflow.

Chris was permanently injured in an auto accident by the negligence of Melanie. #2260Chris's injuries are valued at $1,000,000. Chris has PIP and has recovered hisfull $10,000 limit, and he has $100,000 per person and $300,000 per occurrenceUM coverage. Melanie has a liability insurance policy with limits of 50,000/100,000/$50,000.How much is Chris's UM recovery? A)$10,000 B)$40,000 C)$100,000 D)$300,000

C

Coverage C in the Homeowners policy covers: #2437 A)Dwelling B)Other Structures C)Personal Property D)Loss of Use

C

Exceptions to the definition of an "accident" in the Boiler and Machinery include #1877all BUT which of the following? A)Depletion and Deterioration B)Corrosion and Erosion C)Rupture and Collapse D)Wear and Tear

C

Florida law requires each Homeowners insurer to offer higher than the basic 10% #2441Ordinance and Law coverage to their insureds in the following amounts___% and ___%. A)11% and 12% B)20% and 50% C)25% and 50% D)33 1/3% and 66 2/3

C

George Jungle had lightning strike his house. The damage to the home was #14531$8,500 and George was paid $8,000 ($8,500 in damages less his $500 deductible);this is an example of a ___________ deductible. A)disappearing B)franchise C)straight D)percentage

C

Geri Curl's laptop was stolen at the Beauty Expo and a brand new laptop just like #14527Geri's cost $1,499.Geri's insurance company pays her $999 ($1,499 less her $500 Deductible); this is an example of? A)depreciation basis B)actual cash value basis C)replacement cost value basis D)none of the above

C

Hospitalization Expense Insurance pays for all BUT which of the following? #2148 A)Room and Board in a hospital B)Nursing care expenses C)Prescription Drugs D)Operating room expenses

C

How are benefits payable in the Hospital Indemnity Insurance policy? #2150 A)Benefits are payable on a reimbursable basis B)Medical expenses of guest are payable C)A flat amount per day for hospitalization is payable regardless of expenses or other insurance D)All of the above

C

In the Business Income policy the period of restoration begins how many hours #2637after the date of direct damage. A)24 B)48 C)72 D)96

C

Junior is a ten year employee and he captain of the company bowling team. One Saturday #15697night at the All-City bowling championship Junior threw-out his back when he went to do hisfamous "hook and slide" on his last bowl to win the All-City championship. Is Junior's injury an injury arising out of his employment? A)yes, because he was acting on behalf of the company as the company's bowling captain B)yes, but only if he did not have any pre-existing conditions C)no, because the injury did not occur in the course and scope of his employment D)no, because bowling accidents are excluded in the Workers Compensation policy

C

Mediation conditions in insurance policies normally permit the insured or insurer to request #14608mediation to resolve a dispute between the parties; for a mediated settlement to be bindingwhat must happen? A)both parties must agree in writing on any settled amount B)neither party can rescind the settlement agreement within three business daysof the agreement C)both A and B are correct D)neither A or B are correct

C

Mrs. Beckley, your Homeowners insured, has contacted you to file a liability claim as #2392an invitee to her home tripped over an extension cord and hit their head on a table.She also has advised you that she spent $100 of first aid for Mrs. Beckley.How will you respond? A)Mrs. Beckley that is very nice of you but there is no coverage for reimbursementof those expenses B)Mrs. Beckley you should not have done that as you may have prejudiced theinsurance company in its investigation C)Mrs. Beckley, First Aid Expenses are reimbursable please submit copies of anyreceipts to the insurance company D)All of the above

C

Mrs. Brown has contacted to ask how much coverage her Homeowner's policy has #2436for theft of firearms as she is considering purchasing a gun collection.How will you advise her? A)Tell Mrs. Brown that firearms are excluded on the policy B)Tell Mrs. Brown that the policy covers up to $1,000 for theft of firearms C)Tell Mrs. Brown that the basic policy covers up to $2,500 for theft of firearms D)Tell Mrs. Brown that the policy covers up to $10,000 for theft of firearms

C

Outdoor property is covered up to $___ in the BOP. #2334 A)$500 B)$1,000 C)$2,500 D)$5,000

C

Prime Printing Plus, your Workers Compensation insured, has called you to ask #2892how much coverage is afforded under their policy for an employees funeral expenses for a compensable Workers Compensation claim. How will you advise your client? A)Tell the client that the Workers Compensation claim terminates at the deathof an employee B)Tell the client that there is no maximum amount as long as funeral expenses areusual, customary, and reasonable C)Tell the client that there is a maximum of $7,500 for actual funeral expenses D)Tell the client that there is a maximum of $15,000 for actual funeral expenses

C

Statutory imposed vicarious liability is capped under the Homeowners #2478policy at: __________. A)$1,000 B)$5,000 C)$10,000 D)$100,000

C

Subrogation upholds the principle of ________________. #14564 A)responsibility B)recovery C)indemnity D)transfer-ability

C

The "change of financial loss" refers to the concept of: #2518 A)Subrogation B)Adhesion C)Risk D)All of the above

C

The 1996 Health Insurance Portability and Accountability Act (HIPAA) requires, #15712Long Term Care policies to be ________________. A)optionally renewable B)conditionally renewable C)guaranteed renewable D)noncancelable

C

The Garage Policy endorsement "False Pretense" provides coverage for: #1832 A)Product liability for the insured's own product/work ($250 deductible applies) B)Autos being driven/transported 50 miles or further from the point of purchase or distribution C)Loss from acquiring an auto from someone who does not have legal title or voluntarily parting with a covered auto by trick or scheme D)None of the above

C

The Insuring Agreement states all but which of the following? #14553 A)the Insuring Agreement list the general overarching description of what is covered B)the Insuring Agreement states that policy contains all agreements and responsibilitiesbetween insurer and insured C)the Insuring Agreement states the policy premium D)the Insuring Agreement states that compliance with conditions exists

C

This Flood Form is written for all buildings and/or contents not eligible to be insured #2715under the Dwelling Form: A)Homeowners Flood Form B)Preferred Risk Policy C)General Property Form D)Residential Condominium building Association Policy Form

C

Transportation Expense coverage begins ___ hours after a loss (excluding Theft losses). #1732 A)0 B)24 C)48 D)72

C

What do you call a BOP written on a claims made form? #2353 A)C1-BOP B)BOP-Claims Made C)The BOP is never written on a claims made form D)The BOP is only written on a claims made form - simply as an ISO conforming BOP

C

Which act federally mandates state regulation of insurance? #1622 A)Bank Act of 1940 B)Taft-Hartley Act C)McCarran-Ferguson Act D)Ricardo-Magillicutty

C

Which if any of the following are required to have a Certificate of Authority? #1994 A)Agency B)Agent C)Insurance Company D)All of the above

C

Which of the following are duties of the Bureau of Life & Health Insurer Solvency? #2014 A)Solvency oversight B)Analyze policies and rates C)Both A and B D)Neither A or B

C

Your BAP insured has his truck damaged in an earthquake. He has Specified #1811Causes of Loss coverage on the vehicle. Is the earthquake damage covered? A)Yes, earthquake is a specified cause of loss B)No, only specified causes of loss are covered C)No, earthquake damage is covered only under Comprehensive coverage D)None of these apply

C

Your insured advises you they wish to have liability coverage for all autos they own. #1772The insured tells you that all insured vehicles will be of the private passenger type(they also advise vehicles are changed frequently throughout the year).Which symbol do you use for this flexible coverage? A)Symbol 1 B)Symbol 2 C)Symbol 3 D)Symbol 7

C

Your insured has a Dwelling Policy with the Broad Form Theft endorsement and #2681want to know how much coverage he will have for firearms. What amount will you advise your client is covered? A)$500 B)$1,000 C)$2,500 D)$5,000

C

Your insured has suffered a compensable Other Than Collision Theft loss and is in #1735need of a rental car. You advise the insured that their Transportation Expense coveragebegins ___ hours after a Theft loss. A)0 B)24 C)48 D)72

C

he National Weather Service (NWS) categorizes storms as a hurricane which includes the #14603time of a warning/watch all the way through to ___ hours after the NWS terminates the warning. A)24 B)48 C)72 D)96

C

nsurance is predicated on the statistical concept of the ______________ which suggest #14485the more exposure we have to study the more likely that any projections we make are likelyto be accurate. A)law of averages B)law of medians and modes C)law of large numbers D)law of standard deviations

C

our insured has a Homeowners insurance policy and has filed a mold claim. #14604It has been determined by the insurance company that she has $8,000 in mold damage.How much of this will be paid under a standard Homeowners insurance policy? A)$1,000 will be paid, as this is the typical fungi limit in a Homeowners policy B)$5,000 will be paid, as this is the typical fungi limit in a Homeowners policy C)$8,000 will be paid, as the typical fungi limit is $10,000 in a Homeowners policy D)$0 as mold is typically no covered in a Homeowners insurance policy

C

A claimant has filed a claim against your Homeowners insured for $800 of damage #2391to their property. Your insured has contacted you and advised you that they werelegally responsible for the damage. Is there coverage for this claim? A)No coverage for property of others in the insureds care, custody, or control B)Additional Coverages under Section II Liability of the Homeowners policy will cover up to $500 for damage to the property of others C)Additional Coverages under Section II Liability of the Homeowners policy will cover up to $1,000 for damage to the property of others D)Additional Coverages under Section II Liability of the Homeowners policy will coverup to $5,000 for damage to the property of others

C - 1000

An insured under the Homeowners policy is considered by definition to include #2407all BUT which of the following? A)Named insured and spouse B)Residing family members of the named insured or spouse C)Person's in the custody of Answers A and B aged 24 and under D)All of the above are considered insured's in the Homeowners

C - 21 is the age cut off

overage B Other Structures in the Homeowners policy covers: #2449 A)Private structures on the residence premises that are attached to the main dwelling B)Loss of use C)Private structures on the residence premises that are not attached to the main dwelling D)None of the above

C - B = bad shed :)

Which Homeowners policy form does not apply to an owner-occupant? #2414 A)HO2 B)HO3 C)HO4 D)HO6

C - HO4 is for Contents of a renter

While explaining to your insured her Jewelry Personal Articles Floater you advise her that inherent vice is specifically excluded. A)You tell her inherent vice is when an insured intentionally damages their own property. B)You advise her that inherent vice is when a loss occurs after the policy term has expired. C)You advise her that inherent vice is an internal quality of the property which leads to its own damage. D)None of the above

C - Inherent vice is an internal quality of property which leads to its damage (such as an interior crack to a precious stone).

The DP-3 policy form covers the Dwelling on a? #14520 A)basic form cause of loss B)broad form cause of loss C)special form cause of loss D)G-36 form cause of loss

C - Special = Open

All of the following are considered "insured locations" in the Homeowners #14703Insurance Policy EXCEPT: A)residence premises described in the Declarations B)insured's land where a one to four family dwelling is being constructed as a residence C)properties owned by residing relatives of the named insured D)cemetery plots or burial vaults owned by the insured

C - The Homeowners Insurance Policy includes all of the following as an "insured location": residence premises described in the Declarations; newly acquired residences during the policy period; locations where an insured is temporarily residing or has rented for non-business use; vacant land owned by or rented to an insured; an insured's land where a one to four family dwelling is being constructed as a residence; and Cemetery plots or burial vaults owned by the insured.

You are explaining CGL coverages with your insured, Becky Johnson. #2032You tell Becky that Coverage C covers: A)Coverage C covers Bodily Injury and Property Damage B)Coverage C covers Personal and Advertising Injury C)Coverage C covers Medical Payments D)None of the above

C = Medical payments / think vitamin C

A notice of cancellation requires the insurer to state: #2282 A)Reason for the cancellation B)Right to an Insurance Department hearing C)JUA eligibility D)All of the above

D

All of the following are elements of a valid contract EXCEPT: #14565 A)an offer made by one party to another or others B)something of value exchanged between the parties C)an equivocal acceptance of the offer D)the agreement must have a legal intent

D

Churning... #2817 A)Is considered unfair and deceptive B)Involves the sale or replacement of a policy or policies to generate commissions to the insurer or its agent C)Does not benefit the insured D)All of the above

D

Exclusions under Part D Physical Damage include all BUT which of the following? #1704 (that is, which of the following is not excluded) A)Awnings or cabanas used for additional living facilities B)Radar detectors C)Household contents insured under a Homeowners policy D)Camper bodies shown on the Declarations Page

D

In the Personal Inland Marine policy coverage for Fine Arts excludes: #2212 A)Property on exhibition away from the insured premises B)Repairing, restoring, or retouching damage C)Paintings, etchings, statuary, or marble D)Both A & B

D

Josephine's Garage is replacing all four tires on a customer's truck. The customer #1849has tripped over an air hose in garage parking lot and broken his nose. How will the Garage Policy respond? A)The Garage Policy will respond to liability associated with garage operations less a $100 deductible B)The Garage Policy will respond to liability associated with garage operations less a $250 deductible C)The Garage Policy will respond to liability associated with garage operations less a $500 deductible D)The Garage Policy will respond to liability associated with garage operations (no deductible applies)

D

Major Medical Insurance typically covers: #2155 A)Injury or disease payable under Workers Compensation B)Treatment in a VA or government hospital C)Intentionally self-inflicted injury D)None of the above

D

Other Than Collision covered perils include: #1720 A)Intentional Acts B)Nuclear C)War D)Fire

D

Part Two Employers Liability pays for: #2901 A)Claims by employees for injuries subject to a workers compensation law B)Claims by others for the liabilities to insured's to insured's employees C)Both A & B D)Neither A or B

D

Section II Liability of the Garage Policy DOES NOT apply to: #1852 A)Organized racing B)Property in the insureds care, custody, or control C)Negligence D)Both A & B

D

The Actual Loss Sustained Business Interruption Endorsement: #1898 A)Covers actual lost profits B)Is subject to 100% coinsurance C)Insurance coverage amount is based upon net profit plus fixed operating expenses D)Each of these are correct

D

The DP-1 basic coverages include? (choose all that apply) #14519 A)fire B)lightning C)expulsion D)all of the above

D

This Boiler and Machinery coverage extension agrees to pay all litigation costs for liability claims. #1883 A)Expediting Expenses B)Automatic Coverage C)Defense D)Supplementary Payments

D

This Crime coverage endorsement covers the named insured's legal liability as #1939custodian of guest property: A)Extortion B)Funds Transfer Fraud C)Safe Depository D)Guest Property

D

Which of the following is not a fair method of competition.... #2835 A)Comparisons between product pricing B)Comparisons between policy features C)Comparisons between policy benefits D)Misrepresentations and false advertising of insurance policies

D

Which of the following perils are covered in the BAP's Specified Causes of #1807Loss coverage: A)Wear and Tear B)Mechanical Breakdown C)Electrical Breakdown D)None of these apply

D

You have counseled with Barry Borits a proposed insured who personally owns two #2759private passenger automobiles and a van in his company's name. Barry has beenunable to obtain insurance in the private market. What type of policies will he be eligiblefor with the FAJUA? A)Personal Auto coverage B)Business Auto coverage C)Commercial General Liability D)Both A & B

D

Your Homeowners Insured leases her garage out as a private residence. #2430Which Homeowners coverage applies? A)Coverage A - Dwelling B)Coverage B - Other Structures C)Coverage C - Personal Property D)An insured's garage rented to another party as a residence is not covered under the Homeowners policy

D

Your insured has borrowed his brother's golf clubs. While the insured is enjoying #2429a cold beverage after his round of golf at the clubhouse his brother's golf clubsare stolen. How will the Homeowners policy respond to this loss? A)Covered as "other-brother-cover" up to $5,000 B)No coverage for the stolen clubs as they were not owned by the insured C)The clubs are covered but up to the maximum limit of $1,000 for "sporting equipment,musical equipment, and competition equipment" D)The clubs are covered as they were in the care custody and control of the insured

D

Your insured has rejected Uninsured Motorists coverage because she has "great" #2245health insurance. What is your response? A)You agree with your insured B)You advise your insured that UM covers non-economic damages such as pain and suffering C)You advise your insured that UM covers lost wages D)Both B & C

D

nsurance companies are required to provide a ___ days notice of a policy #14541renewal or non-renewal. A)10 B)20 C)30 D)45

D

Which of the following are not reasons to seek coverage in the Florida Auto JUA: #2742 A)Insured can obtain automobile insurance in the private - competitive market butseek a lower premium B)Insured cannot obtain automobile insurance in the private - competitive market C)Insurance can obtain automobile insurance in the private - competitive marketbut seek broader coverage D)Both A and C

D - Cannot!!!

Your insured advises you they wish to have liability coverage for all autos they own. #1772The insured tells you that all insured vehicles will be of the private passenger type(they also advise vehicles are changed frequently throughout the year).Which symbol do you use for this flexible coverage? A)Symbol 1 B)Symbol 2 C)Symbol 3 D)Symbol 7 Feedback:Symbol 3 covers "all owned private passenger autos only".

D - Feedback:Symbol 3 covers "all owned private passenger autos only".

An insurer is required to provide an insured with ___ days notice of cancellation for #2286underwriting reasons. A)10 B)20 C)30 D)45

D - Papa was notified 45 days before cancellation for roof

Section II Liability of the Garage Policy DOES NOT apply to: #1852 A)Organized racing B)Property in the insureds care, custody, or control C)Negligence D)Both A & B

D - Section II Liability of the Garage Policy does not apply to: expected or intended injury; liability compensable under workers compensation laws; property in the insureds care, custody, or control; leased autos; pollution; racing; watercraft or aircraft exposures; nuclear; or war.

The Crime policy values: #1954 A)Securities at their face value B)Other property at its face value C)Both A and B D)Neither A or B

D - Securities at value at loss, other property at RCV, money at face

The BAP's Section II Liability coverage does not apply to: #1775 A)Organized racing B)Property in the insureds care, custody, or control C)Negligence D)Both A & B

D - The BAP's Section II Liability coverage does not apply to: (a) liability assumed under any contract or agreement; (b) employee injuries; (c) damage to property owned or transported by or in the care, custody or control of the insured; (d) property damage before an insured's acceptance of or after an insured's delivery of property; (e) property damage as a result of "property movement" if by an unattached mechanical device (other than a hand truck); (f) pollution; (g) mobile equipment; (h) intentional injury; (i) completed operations; (j) organized racing, stunt or demolition contests; and (k) war.

The BAP's Section II does not apply to: #1780 A)Liability assumed under contract B)Employee Injuries C)Liability for pollution or contamination D)Each of these are correct

D - The BAP's Section II does not apply to: (a) liability assumed under contract; (b) employee injuries; or (c) liability for pollution or contamination.

Which of the following perils are covered in the BAP's Specified Causes of #1807Loss coverage: A)Wear and Tear B)Mechanical Breakdown C)Electrical Breakdown D)None of these apply

D - The Specified Causes of Loss include: fire, lightning, explosion, theft, windstorm, hail, earthquake, flood, mischief/vandalism, and burning, collision or derailment of a conveyance.

Shirley Timple purchased a PIP/PD policy from your agency 61 days ago. #2275 She now wants to cancel the policy. Under what conditions can she cancel the policy? A)The insured vehicle is totally destroyed B)The insured vehicle is sold C)He has purchased replacement coverage D)Place the insurer on formal written notice of herintention to cancel

D - the others are cancellable in the first 60 days

The Broad Form Cause of Loss EXCLUDES Collapse if caused by or to: #2653 A)Hidden Decay B)Insect or Vermin C)Weight of people, property, or rain that collects on a roof D)Loss to outdoor and exterior property

D - think shed would be excluded

By listing the Loss Payee on the PAP's Declarations page the Loss Payee is #1650jointly paid with the insured for losses incurred under Coverage ___. A)Coverage A B)Coverage B C)Coverage C D)Coverage D

D = Damage to your auto

Your Garage policyholder has suffered a loss to several vehicles when they were #1829damaged being transported by a vehicular conveyance. Symbol 31 is on the insured's Declarations page with Specified Causes of Loss listed as the sole Physical Damage coverage. Is this compensable? A)Yes, Specified Causes of Loss covers collision or derailment of a conveyance transport B)Yes, Symbol 31 covers a dealers inventory C)No, Symbol 31 is does not cover dealers inventory D)No, the Garage policy specifically excludes loss under the Specified Causes of lossfor collision, upset, or overturn of a transporting conveyance

D)No, the Garage policy specifically excludes loss under the Specified Causes of lossfor collision, upset, or overturn of a transporting conveyance

In the Dwelling Fire DP-1 policy form, "other coverages" ____ increase the limits #14700 of insurance for each stated coverage.

Do not

A moral hazard is an unconscious mental attitude which increase the probability #2522and severity of loss. A)True B)False

F - A moral hazard is a unconscious mental attitude which increase the probability #2522and severity of loss.

In the PAP, "defense cost" are included in the policy's limits. #1681 TrueFalse

F - Defense costs are in addition

Other Than Collision coverage can be taken out without purchasing Collision #1722coverage BUT Collision coverage cannot be taken out without purchasingOther Than Collision coverage. True False

F - Other than collision can be taken out.. collision only cannot be taken out WO purchasing other than collision

True or False: PIP is excess against all other forms of insurance coverages #2309 except workers compensation T / F

F - PIP is primary except WC

True or False: The Preferred Risk Flood Policy is available in the Emergency Program. #2725 True False

F Feedback:The Preferred Risk Policy is only available in flood zones B, C, and X, and is not available in the Emergency Program.

Symbol 31 showing Specified Causes of Loss would cover fire damaged to an #1827insured's tow truck. True or False

False

True or False: Florida law does not address Unfair Trade Practices or Acts #2846 True False

False

True or False: Suretyship and Insurance are identical in everyway in securitization. #2791 True False

False

True or False. The BAP includes $30 per day/$900 maximum Transportation Expense. #1803 True or False

False - 20 / 600 max

Collision coverage can be taken out without purchasing Other Than Collision coverage BUT Other Than Collision coverage cannot be taken out withoutpurchasing Collision coverage. True False

False - Collision cannot be taken out with out purchasing other than collision

True or False: The FWCJUA was created by the Florida Association of Independent #2785Insurance Agents. True False

False - Created by the state

True of False: Workers Compensation is rated per $1,000 of payroll per class. #2912 True False

False - Payroll per class CODE

True of False. Residential property insurers may file loss mitigation credits with the OIR at #1630the insurer's discretion. True False

False - they must file

True or False: Replacement Cost is the valuation method on the building dwelling #2673in the DP-1, DP-2, and DP-3. True False

False - yes for DP-2 and DP-3

The Definition section of the PAP defines "you" and "your" as relatives, wards #1675and foster children in the household of the named insured. True False

False - you and your = you and live in spouse

No-Fault PIP benefits apply in what amounts? (choose all that apply) #14693

No-Fault's Required PIP Benefits are as follows: 80% of reasonable medical expenses; 60% of loss of income;100% or Replacement (Household) Services; and a $5,000 Death Benefit.

No-Fault requirements for non-residents who are not required to register their #14689vehicles in Florida ARE subject to the No-Fault law if they have a motor vehiclephysically present in Florida for more than ___ of the preceding 365 days.

Non-residents who are not required to register their vehicles in Florida ARE subject to the No-Fault law if theyhave a motor vehicle physically present in Florida for more than 90 of the preceding 365 days.

PIP exceptions also known as "thresholds" permit the recovery of non-economic #14677 loss (i.e. action for pain, suffering, mental anguish and inconvenience) if the injury results in all EXCEPT which of the following?

PIP exceptions also known as "thresholds" permit the recovery of non-economic loss(i.e. action for pain, suffering, mental anguish and inconvenience) if the injury results in:significant and permanent loss of a bodily function; or permanent injury other than scarring and disfigurement;or permanent injury other than scarring and disfigurement; or death.

Shelby was injured in an auto accident and has $90,000 in injuries and has a $1,000 #14692 PIP deductible. How much will Shelby receive as a claims payout from her insurance company?

Shelby only receives $10,000 ($90,000 injuries - $1,000 deductible = $89,000 X 80% = $71,200 available for paymentbut the maximum PIP benefit is $10,000)

True or False: The CGL Occurrence Form does not require that a claim be made during the policy term in which the bodily injury or property damage took place. A)True B)False

T - Feedback:The Occurrence Form does not require that a claim be made during the policy term in which the bodily injury or property damage took place

The Broad Form DP-2 policy includes all of the DP-1 coverages and adds #14713 which of the following perils (choose as many as apply).

The Broad Form DP-2 policy includes all of the DP-1 coverages and adds: damage by burglars; falling objects;weight of ice, snow or sleet; accidental discharge or overflow of water or steam; sudden an accidental damagefrom artificially generated electrical current; and volcanic eruption.

True or False: Florida statute prohibits rebating except as otherwise expressly #2842provided by law, or in an applicable filing with the office of insurance. True False

True

Which of the following apply to the Business Income coverage form? #2613 A)Applies to the period of restoration B)Period of restoration starts 24 hours after direct physical damage occurs C)Both A & B D)Neither A or B

through the period of restoration and starts 72 hours after