Terms and conditions

An insured placed with the FAJUA must be notified in writing that the insurance coverage is not through the private market within _________ of placement.

10 days

Cancellation for non payment

10 days

Nonpayment of Premium - At least _____days' written notice of cancellation must be given for nonpayment of premium.

10 days

Within _____working days after an insurer receives proof of loss statements, the insurer must begin investigating unless factors beyond the control of the insurer reasonably prevent the start of the investigation.

10 days

Financial Responsibility after a Conviction of Driving under the Influence

100/300/50 must be carried for 3 years

lessee to obtain limits no less than

100/300/50 or $500,000 combined

The Florida Motorcycle Safety Education Program establishes and administers motorcycle safety courses for a minimum of _____ hours of instruction with at least _____ hours of actual motorcycle operation.

12/6

When an agent or a residential insurer receives a communication with respect to a claim, the insurer must, within ______calendar days, review and acknowledge receipt of the communication

14

A person acting as an insurer without a Certificate of Authority and collects $150,000 in premiums is guilty of which of the following?

1st degree felony

Fraudulent conduct in committing twisting or churning

1st degree misdemeanor (imprisonment up to one year) Non-willful violation - $5,000 fine per violation Willful violation - $75,000 fine per violation

If a person and an insurer have agreed in writing to the settlement of a claim, the insurer must pay according to the terms of the agreement no later than ______days after the settlement is reached.

20 days

Major Medical insurance cover catastrophic losses and charges coinsurance to the insured of

20% or 25%.

Coverage F will pay for expenses incurred up to ______years after the accident.

3

A diligent effort for a residential structure with a dwelling replacement cost of $250,000 means rejections from how many authorized insurers are required?

3 rejections

A contract between the agent and the party paying the negotiated fee must be signed by both parties and retained by the agent for how many years?

3 years

Personal injury protection insurance benefits are overdue if not paid within ——-days after the insurer is furnished written notice of the fact of a covered loss

30

A change of address must be reported to the DFS within how many days after moving?

30 days

Which of the following is true about an insurance agency?

An agency must have a licensed and appointed full-time agent in charge

If you are found guilty of any crime punishable by imprisonment one year or more, you must report it to the Insurance Department within how many days?

30 days

Willfully submit fraudulent signatures -

3rd degree felony (imprisonment up to 5 years) Non-willful violation - $5,000 fine per violation Willful violation - $75,000 fine per violation

All insurance carriers authorized in Florida must be audited by the Office of Financial Regulation once every

3years

Delivered at least ____[days prior to the effective date of cancellation,

45

No insurer may fail to renew a policy unless it gives at least _____days' advance notice of its intention not to renew;

45

An insurer must give the named insured at least ______days' advance written notice of nonrenewal.

45 days

Every agent transacting any insurance policy must maintain in his/her office, or have readily accessible by electronic or photographic means, for a period of at least

5 years

The insurer must offer alternative deductible amount applicable to hurricane losses equal to which of the following?

5%

A driver's license may be issued to a 16 or 17 year old who completes an application and the parents certify that they accompanied her for how many hours of behind-the-wheel experience?

50

After the first _____[days a policy is in force, notice of cancellation will be effective only if it is based on one or more of the following grounds: Nonpayment of premium Material misrepresentation or fraud Suspension or revocation of the license or registration of the named insured or other operator covered by the policy

60

A proof of loss must be provided to the insurer within _____ days of a homeowner loss.

90 days after the loss except for a continuing loss.

Watercraft and their trailers, furnishings, equipment, engines, and motors are subject to a _____special limit under Coverage C

A $1,500 special limit applies to watercraft damaged by a covered peril

General Damages

A monetary award to compensate a victim for losses, such as pain and suffering, that do not involve specific measurable expenses.

Subrogation Clause

A clause in a title policy that allows the title company to assume the rights of a buyer with respect to any claim against a seller, if the title company has made payments to that buyer to satisfy that claim

Stock Insurer

A corporation owned by its stockholders, have taxable corporate dividends received by shareholders. They elect their own board of directors

Concurrent Causation

A legal doctrine that states when a loss results in two causes, one of which is covered and one of which is not the whole loss will be covered

Risk Retention Group

A liability company that's owned by its members, the organization rights liability coverage and retains the risk itself. A mining engineer is group

statement that is true about the payment of claims.

A property insurer must transmit claims payments directly to the primary policyholder

unoccupied

Has physical contacts but no occupants

Insuring Agreement

Has the perils that are covered, is the companies commitment or promise to pay

combine single limit

Have one occurrence, which may be applied to either bodily injury and property damage

The agent's fiduciary responsibility is to turn that money over to the insurer

Immediately

Strict Liability

Imposes legal liability for products causing injury

An agent willfully violated a requirement in the Insurance Code and his penalty was which of the following?

Imprisonment up to 60 days

Valued Policy Law

In the event of the total loss of a building, the insurer's liability under the policy if caused by a covered peril will be the amount of money for which the property was insured. This describes which of the following?

bodily injury liability coverage

Insurance that protects you against financial loss, including the cost of your legal defense, when you are legally responsible for injuring other people in an automobile accident

umbrella policy

Insurance that provides additional liability protection beyond that in an automobile or homeowner's policy.

False Advertising

Knowingly making, publishing, disseminating, circulating, or placing before the public, or causing, directly or indirectly, to be made, published, disseminated, circulated, or placed before the public:

In regards to citizens insurance

Mobile homes are eligible for coverage if they are used as dwellings and are tied down in compliance with state requirements.

The Terrorism Insurance Program

Only covers commercial property and casualty

The Personal Articles Floater is written

Only on moveable property

Broad Form

Only the dwelling is covered on an open peril basis

Punitive Damages

Ordered by the court to punish negligent parties for extremely objectionable conduct, most liability policies don't cover

Domestic

Organized under the laws of the state * does not have to be admitted

Coverage B

Other structures

HO PART B

Other structures - detached B FOR BACKYARD 10% of A Section I

While driving in another state with higher liability coverage requirements, which of the following sections of a Personal Auto policy automatically provides the required coverage?

Out of state coverage

HO-5

Comprehensive Form

Excess Policy

Does not make payment until primary policy exhaust all limits

Coverage A

Damage to dwelling

Auto part d

Damage to your auto

Auto Part D

Damage to your auto Pays to me

Contribution of Equal Shares

Equal sharing of lost by two or more insured into the losses paid or eat insurer has exhausted its limits

General Damages

Pain and suffering mental anguish disfigurement, These losses cannot be calculated objectively

Unfair Claims Settlement Practices

Failing to approve or deny coverage of a claim within a reasonable period after a proof-of-loss statement has been completed,

Concealment

Failure to disclose material facts

Coverage D

Fair Rental Value (Up to 10% of Cov. A) Loss of use -Pays Landlord for damages due to covered peril -Pays for loss in rents landlord would have collected -Monthly basis pay is 1/12 of coverage amount

Deductible

Part of the risk retained by the insured

Coinsurance only applies to

Partial loss

Auto part b

Per person - Medical payments

DP-1 Basic Form

Perils insured against are fire, lightning, and internal explosion.

Coverage E

Personal Liability; covers claims for bodily injury to others

Coverage C

Personal Property (50% of Coverage A)

liability insurance

Provides coverage for unintentional tort

Assumption of Risk

When a person participate in an activity where he certain level of injury is known to be probable the persons rights are bored or diminished

Under Section II of the Homeowners policy, a two-family dwelling where the insured resides in one of the units, including other structures and grounds at that location, is defined as:

Residence premises

Principle of Indemnity

Restores and insured party to the same not better financial condition That it was prior to loss

Wind Mitigation/Code Issues credits apply to

Roof Covering Roof Deck Attachment Roof-Wall Connection Opening Protection Roof Shape Secondary Water Resistance

HO C

Section I Contents and personal property Anything you would put in a UHAUL

HO-A

Section I My stuff Dwelling, walls and roof Coverage should be how much money would the insurance company need to rebuild your hosue

HO D

Section I Loss of use Fair rental value Missed rent included Example: house fire and you have to stay in a hotel

HO F

Section II F FOR FRIENDS Medical pay. Not at fault they got hurt at your house. Usually $5000

HO E

Section II (other) E for Enemies Liability at fault. If homeowner is at fault, your dog bite someone. Usually $100k

An insurer must give the named insured written notice of cancellation other than nonrenewal at least 45 days prior to the effective date of the cancellation, except:

When cancellation occurs during the first 90 days for reasons other than nonpayment of premium, at least 20 days' written notice

risk

The possibility of a financial loss

risk

The possibility of a loss is known as

Subrogation

The process by which an insurer can, after it has paid a loss under the policy, recover the amount paid from any party (other than the insured) who caused the loss or is otherwise legally liable for the loss.

Arbitration

The process is used when differences need to be resolved because they disagreed whether or not a liability claim is payable

Personal Injury Endorsement

endorsements to the Homeowners Policy adds coverage for injury resulting from libel, slander, false arrest, defamation, invasion of privacy and other such offenses that could result in a personal liability suit?

Office of Insurance Regulation

supervises insurers via approval of new rates and forms, which must be approved by the OIR. Florida requires the insurer submit the filing 30 days prior to use. The Office has 30 days to approve or disapprove or request a change to the filing. If no decision is made within that time period the rate or form is approved.

Rebating

Any inducement offered in the sale of insurance products that is not specified in the policy.

Willful violation of the Insurance Code

Misdemeanor of the 2nd degree (imprisonment up to 60 days)

Contributory Negligence

Prevent claimant from recovering damages if the claimant was anyway at fault

Section II is the same on all Homeowners Forms

Correct

DP-1 Basic Form

Covers a mobile home permanently fixed to the foundation

Insurance commissioner

Office of insurance regulations Regulate insurance companies Rate informs, market conduct, solvancy

A person must maintain proof of financial responsibility if physically present within Florida for more than how many days during the preceding 365 days?

90 days

extended PIP

An Extended PIP endorsement can be purchased that increases benefits for medical reimbursement from 80% to 100% and from 60% to 80% for income loss.

Failure to answer a subpoena or order

$1,000 fine

Minimum PIP Limits

$10,000 in medical and disability benefits $5,000 in death benefits resulting from bodily injury, sickness, disease, or death arising out of the ownership, maintenance, or use of a motor vehicle

The Florida Insurance Guaranty Association will assume the contractual obligations of an insolvent insurer up to _________ for any one policy.

$300,000 for any one policy and an additional $200,000 for the portion of a covered claim for damage to the structure and contents.

Death Benefits

$5000

Under the PAP, after a collision the insured is entitled to Transportation expenses up to:

$600

HO PART F

(Friends) for other people, guests, friends, people who visit the home. Liability Section II

DP3 (Special Form)

1. The dwelling and other structures are covered for all direct physical damage (open peril), except for perils specifically excluded. 2. Theft of property that is part of the dwelling or other structures is covered as long as the dwelling or other structures are not under construction or have not been vacant for more than 30 days immediately preceding the loss. Example: Built-in appliances. 3. Personal property or contents are covered for the Broad Form (DP-2) perils. 4. Losses to the dwelling and other structures are paid on a replacement cost basis, and losses to contents are paid on an actual cash value basis to the insured.

Disability Benefits -

60% of any loss of gross income and loss of earning capacity per individual from inability to work proximately caused by the injury sustained by the injured person, plus all expenses reasonably incurred in obtaining from others ordinary and necessary services in lieu of those that, but for the injury, the injured person would have performed without income for the benefit of his/her household. All disability benefits payable under this provision must be paid at least every 2 weeks.

Under disability income insurance, a monthly benefit will be ________ of the insured's monthly income.

66 2/3%

Grace Period - Time period after a premium due date during which the insured can pay the premium if unpaid by the due date.

7 days - Weekly premium policies 10 days - Monthly premium policies 31 days - All other policies

The end of a hurricane

72 hours following the termination of the last hurricane watch or warning issued for any part of Florida by the National Hurricane Center of the National Weather Service.

medical benefits

80% of all reasonable expenses for medically necessary medical, surgical, x-ray, dental, and rehabilitative services, including prosthetic devices and medically necessary ambulance, hospital, and nursing services if the individual receives initial services and within 14 days after the motor vehicle accident.

A proof of loss must be provided to the insurer within _____ days of a homeowner loss.

90

Within ______days after an insurer receives notice of a property insurance claim from a policyholder, the insurer must pay or deny the entire or portion of the claim unless factors beyond the control of the insurer reasonably prevent payment.

90

coersion

A bank or credit union will not give a loan unless the borrower buys insurance from a specific company.

coercion

A bank or credit union will not give a loan unless the borrower buys insurance from a specific company. This is known as ___________.

vacant

A building with no physical contents or occupants

Misrespresentation

A false statement

Misrepresentation

A false statement or lie that can render the contract void.

Twisting

A form of misrepresentation in which an agent persuades an insured/owner to cancel, lapse, or switch policies, even when it's to the insured's disadvantage.

Intervening Cause

A second negligent act that interferes with the chain of events leading to a loss, freeze defendant of liability

Consequential Loss

A second or indirect loss

warranty

A statement that is guaranteed to be true

hurricane

A storm system that has been declared a hurricane by the National Hurricane Center of the National Weather Service.

Waiver

A voluntary surrender of a right, relinquishment of legal right

tort

A wrongful civil act

Catastrophic ground cover collapse

Abrupt collapse of the ground cover Depression in the ground cover clearly visible to the naked eye Structural damage to the covered building an insured structure being condemned and ordered to be vacated by the responsible governmental agency

Absolute Liability

Absolutely dangerous. You don't need to prove fault to be liable. Example is a swimming pool or a venomous snake

binder

Acceptance of an offer

Defamation

Act of harming or ruining another's reputation, libel

Department of Treasury

Administers the terrorism insurance program created by TRIA

A notice explaining the reason for the denial of insurance coverage applies in which of the following?

All notices of denials require a reason

Controlled Business

An agent may have no more than 50% of his/her total business within a 12-month period be from controlled sources.

Rebating

An agent may not offer or extend anything of value to a client that is not already a part of the contract, as an incentive to purchase insurance.

churning

An agent who induces a client to use the cash value of an existing policy to buy an additional but unneeded policy is guilty of _______________.

fraud

Any action involving intentional deception that results in injury to another party, and concealment, misrepresentation, misleading behavior, or nondisclosure of a material fact

Bodily Injury

Any physical injury including sickness disease and dad by the act or omission of the insured

Dwelling policies cover trees, shrubs & plants

At 5% of coverage A & no more than $500

Special Damages

Awarded for actual unknown expenses bells loss of earnings repairing or replacing property

Conditional Contract

Because the insurance company must pay claims and the insured must comply with the policy terms, the insurance contract is considered which of the following types of contracts?

Vicarious Liability

Based on old English law an example is how a parent is responsible for a child or an employer is responsible for an employee

HO-2

Board form

Per Occurrence Limit

Bodily injury and property damage

All of the following statements regarding liability losses are correct, except:

Bodily injury includes personal injury, physical injury, sickness and disease

Liberalization

Broadens coverage with no increase in premium

Violation of cease and desist order

Can carry a fine of up to $50,000 o A legal court order preventing an individual or entity from continuing to do business or perform that which is being addressed and to refrain from doing it again in the future

Dwelling policies

Can not be used for business

Speculative Risk

Chance of loss or gain * gambling

Sliding

Charging an applicant for a specific coverage or product, in addition to the cost of the insurance coverage applied for, without the informed consent of the applicant

churning

Churning is the practice whereby policy values (such as cash value) in an existing life insurance policy, annuity contract, and/or any riders, are used to purchase another insurance policy or annuity contract with that same insurer for the purpose of earning additional premiums, fees, commissions, or other compensation.

Special Damages

Covers medical expenses and loss of earnings

Occurrence

Continuous exposure

The property of roomers and boarders is considered property not covered by

Coverage C.

Additional Coverages

Coverages automatically included at no extra cost

Actuarial Department

Determines premium rates and probability of loss

hurricane damage

Ensuing damage to the interior of a building, or to property inside a building, caused by rain, snow, sleet, hail, sand, or dust if the direct force of the windstorm first damages the building, causing an opening through which rain, snow, sleet, hail, sand, or dust enters and causes damage.

Gramm-Leach-Bliley Act

Established privacy protection for customers

Catastrophic Perils

Excluded in all forms, not an insurable risk

The Department of Financial Services can impose which of the following penalties?

Fine for violation of a cease and desist order up to $50,000

Catastrophic ground cover collapse

Geological activity that results in ALL of the following: 1). the abrupt collapse of the ground cover; 2). a depression in the ground cover clearly visible to the naked eye; 3). structural damage to the building including the foundation; and 4). the insured structure being condemned and ordered to be vacated by the government agency authorized by law to issue such an order for that structure.

CFO (Chief Financial Officer)

Head of the department of financial services Elected by the people Licensing of insurance agents, adjusters, and agencies

Blanket Insurance

Hey single policy that provides insurance on properties a different location using a single limit

appraisal

If the insured and ensure do not agree on the value of the loss

Personal injury liability

Includes slander

Absolute Liability

Inherently dangerous. The insured is automatically liable, example venomous snake

Abandonment Condition

Insurance company will not except property abandoned by the insured

Conditionally Renewable

Insurer can refuse to renew the policy only under certain circumstances listed in the policy (e.g. all renewals are declined in the state).

Guaranteed Renewable

Insurer must renew the policy to a stated age, typically, 65, but may increase the premium in the underwriting class

Cancellation Clause

Insurer's right to cancel policy by giving not less than 20 days' notice.

Which statement defines estoppel

Intentional misrepresentation of a material fact

Coverage B: Other Structures

Is 10% of A

Coverage E: Personal Liability

Is 20% of A

hurricane warning

Issued 36 hours before the anticipated onset of tropical storm force winds of 74 mph or higher; warning can stay in effect when dangerously high water or a combination of dangerously high water and waves continue.

hurricane watch

Issued 48 hours before the anticipated onset of tropical storm force winds of 74 mph or higher.

Which description of the Personal Articles Floater is incorrect?

It covers claims on a replacement cost basis

Twisting

Knowingly making any misleading representations or incomplete or fraudulent comparisons or material omissions with respect to any insurance policy for the purpose of inducing a person to lapse a policy. A valid replacement based on accurate data and resulting in an improvement to the client is not twisting.

Fire Resistive

Last at least two hours entire building made of steel and concrete

Auto Part A

Liability, pays to others 10/20/10 minimal

A personal lines agent may not sell which type of insurance?

Limited credit insurance

The conditions

List the general rules and duties

Bodily injury covers

Loss of earnings

Hurricane Coverage

Loss or damage caused by the peril of windstorm during a hurricane. (Windstorm means wind, wind gusts, hail, rain, tornadoes, or cyclones caused by a hurricane resulting in direct physical loss or damage to property.)

Replacement cost basis

Losses will only be paid at today's cost without any deductions for depreciation

When coverage is provided under the Additional Coverages of Section II of a Homeowners policy, payments are:

Made in addition to policy limits

Coverage F

Medical Payments to Others. Covers the necessary medical expenses incurred by others (not an insured) within three years of an injury.

Auto Part B

Medical payments, paid per person Pays to me

Mutual Insurance Company

Members are provided insurance by the company

agency

Must complete an application for an agency license, which must be renewed every 3 years

insurable risk

Must exist at the time of loss

Contributory Negligence Law.

Negligence is a duty that was breached causing an injury to another person Comparative fault is determined by charging liability proportionately The amount awarded as economic and noneconomic damages for an injury is attributable to the claimant's contributory fault and does not bar recovery.

No benefit to Bailee

No coverage for a third-party of storing moving fixing or holding for a fee

After the policy has been in effect for 90 days, no policy may be canceled by the insurer, except for:

Non payment or fraud

Excess Charges

Occur when agent collects money over and above what a policy requires

Residual Market

Offers coverage after you've been rejected

Commissioner of Financial Regulation

Office of Financial Regulation Banking Securities Mortgage brokers

Bodily injury does not include

Personal injury

Direct Loss

Physical laws from a covered peril

Unlicensed entities is a regulatory concern due to which of the following issues?

Potential for criminal activity

Hurricane Deductible

Prior to issuing a personal lines residential property insurance policy, the insurer must offer alternative deductible amounts applicable to hurricane losses equal to $500, 2%, 5%, or 10% of the policy dwelling limits, unless the specific percentage deductible is less than $500

Los payable clause

Protects the interest of the loss payee

Split Limits

Provide separate limits for different types of losses

Division of Consumer Services

Receive and compile inquiries and complaints the DFS deems necessary to assist consumers Provide direct assistance and advocacy for consumers who request such services Report alleged violations of law by persons licensed by the DFS, OIR, or OFR to the appropriate regulator

Law of Agency

Refers to the agent and the principal, the insurer and their contract

Managing Risk

Share Transfer Avoid Reduce, retain

HO-3

Special Form * most common HOMEOWNERS POLICY OUTSIDE OPEN PERIL INSIDE NAMED PERIL includes liability worldwide. Loss of use, hotel and food

HO-3

Special form

Legal Action Against Us

States that a suit may not be filed by the insured against the ensure if the insured has not complied with the policy terms

Strict Liability

Strictly products, regardless of fault. Example tires explode

Power surge

Sudden and accidental damage from artificially generated electrical current

Contract of Adhesion

Take it or leave it

Additional PIP

The Additional PIP endorsement increases this $10,000 limit by amounts such as $10,000, $25,000, $40,000, and $90,000. These increases do not affect the $5,000 death benefit limit.

Which of the following handles unclaimed property?

The Department of Commerce Division of Unclaimed Funds

Which of the following is true of a nonadmitted carrier?

The Florida Guaranty Association does not protects residents who buy from a nonadmitted carrier

Financial services commission

The Florida cabinet CFO, governor, attorney General, secretary of agriculture

CFO (Chief Financial Officer)

The administration of state insurance law is the responsibility of which of the following?

Comparative Negligence

The injured party is reduced by the amount of their own negligence. The court determines that the claimant is partially responsible

Short Rate Cancellation

The insured will receive less than the full amount of the unearned premium

Which of the following statements is true regarding loss settlements?

The insurer must pay according to the terms of the agreement within 20 days after the settlement is reached

Limit of Liability

The maximum amount for which an insurer is liable.

In a legal insurance contract, all of the following are considered part of the consideration, except:

The payment of a claim for the insured

If an owner-occupied home is totally destroyed without fraud by a fire, the amount of the loss is based on:

The policy limit

Premium Financing by an Insurance Agent or Agency - A general lines agent may make reasonable service charges for financing insurance premiums on policies produced by the agent or agency.

The service charge cannot exceed $3 per installment, or $36 per year or a simple interest rate over 18% on unpaid balances.

CE credits

The total amount of CE required is 24 hours every 2 years.

Consideration

The value that both parties bring to a legal contract

DP-2 Broad Form

Theft is not covered

Coinsurance

To encourage the insured to carry insurance to value

Medical payments are paid without regard

To negligence fault or liability

Replacement cost basis

Today's cost without deduction for depreciation

Actual Cost Value

Todays current price minus depreciation

Examples of Unfair Trade and Marketing Practices include:

Twisting Rebating Defamation Misrepresentation

An insurance license may be suspended for which of the following?

Twisting, Violating the code of ethics, cheating on the exam

Up most good faith

Two parties rely on the promises of the other, bargain in good faith to form a contract

Auto part C

Uninsured/underinsured motorist

Coverage Continuation

Upon termination from the group policy, the insured is given the opportunity to continue coverage under another policy.

Modified fire restrictive

Used in the walls floors and roof - fire Resistive for at least one hour but no more than two

DP2 Broad form covers

W indstorm H ail A ircraft R iot V ehicles V olcanic eruption E xplosion S moke

unilateral

When only one party is legally bound to perform an obligation

A person who owns and lives on a farm

Which of the following would not be eligible to purchase a Homeowners policy?

Office of Insurance Regulation

Which state entity is responsible for approving a Certificate of Authority for an insurance company?

Health insurance does not include ________coverages.

Workers' Compensation

Physical Hazard

a physical condition that increases the frequency or severity of loss, Example wet leaves on a sidewalk

Under the Personal Auto Policy, when the insured and the insurer do not agree on the insured's legal right to recovery of damages or the amount recoverable by the insured, what system is used to resolve the disagreement?

arbitration

W plays hockey on the weekends and was injured while defending the goal. Which of the following defenses could the owner of the ice rink use to avoid liability for W's injuries?

assumption of risk

Negligence

careless neglect, often resulting in injury, And unintentional tort arising out of failure to use reasonable care

Which of the following defenses against negligence prevents recovery for injuries caused by a negligent party if the claimant was also negligent?

contributory negligence

When damages are reduced in proportion to the degree of negligence, this is an example of:

comparative negligence

The insurer's promise to pay a covered loss and the insured's payment of the first premium are examples of:

consideration

Department of Financial Services

handles unclaimed property, licensing insurance companies, and investigates applicants for an insurance license.

must maintain proof of financial responsibility that is in effect continuously throughout the period the motor vehicle remains within Florida

has been physically present within Florida for more than 90 days during the preceding 365 days

Lloyd association

insurance provided by individual underwriters not companies: Individually liable for each risk they assume

Auto part A

liability

What type of liability policy requires the injured party to collect benefits from his/her own insurance as if it were first-party coverage, eliminating the process of determining negligence?

no-fault

Home Business Endorsement

provides both business property and liability coverages for an eligible home business.

Which type of adjuster is hired on behalf of a third-party claimant to negotiate and settle a claim?

public

Risk Transfer

shifting risk to another party

Defamation

slander or libel

Medical expenses and loss of earnings awarded to an injured party are considered:

special damages

Auto Part C

uninsured motorists/underinsured Pays to me