2-20 P&C Flashcards all Chapters

This Boiler and Machinery coverage extension providers 90 days automatic coverage at a newly acquired location for like kind objects. (a) Expediting Expenses. (b) Automatic Coverage. (c) Defense. (d) Supplementary Payments.

"Automatic Coverage" coverage extension providers 90 days automatic coverage at a newly acquired location for like kind objects.

What does "limited cooking" mean regarding BOP eligibility?

"Limited cooking" means that food preparation does not require the installation of exhaust or dry-chemical extinguishing systems.

"______________" related expenses covered under the CGL's Supplementary Payments include: court cost, interest on judgements, and pre-judgement interest.

"Litigation" related expenses covered under the CGL's Supplementary Payments include: court cost, interest on judgements, and pre-judgement interest.

Wind, waves, collision, stranding, sinking, and other water related accidents describes? (a) Perils of the Seas. (b) War. (c) Fire. (d) Enemies.

"Perils of the Seas" include wind, waves, collision, stranding, sinking, and other water related accidents.

Under Florida's Workers' Compensation laws temporary total disability is compensated for a period not to exceed ____ weeks. (a) 26. (b) 104. (c) 156. (d) No stated limit.

104 weeks is the correct answer. Under Florida's Workers' Compensation laws temporary total disability is compensated for a period not to exceed 104 weeks.

The Citizens commercial property policy will cover a commercial building if the mercantile occupancy does not exceed ____%.

25%

Florida law requires each Homeowners insurer to offer higher than the basic 10% Ordinance and Law coverage to their insureds in the following amounts___% and ___%.

25% and 50%

Under Florida's Workers' Compensation laws there is a ___% reduction for employee recovery for willful refusal to utilize safety equipment or obey safety rules. (a) 33 1/3%. (b) 25%. (c) 66 2/3%. (d) None of the above.

25% is the correct answer. Under Florida's Workers' Compensation laws there is a 25% reduction for employee recovery for willful refusal to utilize safety equipment or obey safety rules.

The Homeowners policy form Ordinance and Law can be increased from the 10% basic limit to what other limits?

25% or 50%

Additional Coverages in the BOP include ____% for debris removal.

Additional Coverages in the BOP include 25% for debris removal.

Additional Coverages in the BOP include a $_________ limit for Pollutant Clean Up and Removal.

Additional Coverages in the BOP include a $10,000 limit for Pollutant Clean Up and Removal.

Additional Coverages under Section II Liability in the Homeowners policy include: (a) claims expense, (b) first aid expenses, (c) damage to property of others, and _____________ _____________.

Additional Coverages under Section II Liability in the Homeowners policy include: (a) claims expense, (b) first aid expenses, (c) damage to property of others, and loss assessment.

A claimant has filed a claim against your Homeowners insured for $800 of damage to their property. Your insured has contacted you and advised you that they were legally 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 cover up to $5,000 for damage to the property of others.

Additional Coverages under Section II Liability of the Homeowners policy will cover up to $1,000 for damage to the property of others.

A _______ insurer is one formed under the laws of the state the agent resides in.

A DOMESTIC insurer is one formed under the laws of the state the agent resides in.

A _______ insurer is one formed under the laws of any state, district, territory, or commonwealth of the United States other than this state.

A FOREIGN insurer is one formed under the laws of any state, district, territory, or commonwealth of the United States other than this state..

A General Lines Agent can have their licensed terminated if they have _______________ misrepresented themselves in their licensing application.

A General Lines Agent can have their licensed terminated if the materially misrepresented themselves in their licensing application.

A General Lines Agent can have their licensed terminated if they demonstrate a lack of _______________________ in the insurance business dealings.

A General Lines Agent can have their licensed terminated if they demonstrate a lack of trustworthiness in the insurance business dealings.

A General Lines Agent licensed 6 or more years is required to obtain ___ hours of continuing education every two years.

A General Lines Agent licensed 6 or more years is required to obtain 20 hours of continuing education every two years.

A General Lines Agent licensed LESS THAN 6 YEARS is required to obtain ___ hours of continuing education every two years.

A General Lines Agent licensed LESS THAN 6 YEARS is required to obtain 24 hours of continuing education every two years.

A licensed customer representative may take insurance applications and ______ insurance coverages.

A licensed customer representative may take insurance applications and bind insurance coverages.

Which Commercial Inland Marine policy covers loss to exposed motion picture film, including sound track and properly recorded tapes until production is complete and positive prints are made? (a) Contractors Equipment Floater. (b) Physicians and Surgeons Equipment. (c) Film. (d) Commercial Articles.

Film is the correct answer.

True or False? Certification of financial responsibility is filed on behalf of an insured's by the state using Form SR-22 certifying coverage.

False.

True or False? In Ocean Marine insurance a constructive total loss occurs when property value is less than the cost of the salvage .

False.

True or False? The Crime Policy Forms include a Severability of Insureds Clause which permits recovery by all insureds not responsible for the loss.

False.

True or False? The Permit Bond is used to protect the general public against unlicensed contractors and unfair business practices.

False.

True or False? The Small Business forms limit coverage to 90% of building replacement cost

False.

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

False. Collision coverage CANNOT be taken out without purchasing Other Than Collision coverage BUT Other Than Collision coverage cannot be taken out without purchasing Collision coverage.

True or False? In the Personal Auto Policy (PAP) the policy's liability limits include "defense cost" in the policy limits.

False. Defense Cost are not included as part of Liability limits; they are in addition to those limits.

True or False? Employee action against negligent third parties is extinguished by Workers Compensation.

False. Employee action against negligent third parties is NOT extinguished by Workers Compensation.

True of False? Florida employees are NOT covered while injured out of state.

False. Florida employees are covered while injured out of state.

True of False? Hangarkeeper's Liability coverage is written on a "stated perils" basis.

False. Hangarkeeper's Liability coverage is written on a "open perils" basis.

First Aid Expenses are ______________ under Section II Liability of the Homeowners insurance policy.

First Aid Expenses are reimbursable under Section II Liability of the Homeowners insurance policy.

Florida law requires an insurer to provide ___ days notice for non-payment of premium.

Florida law requires an insurer to provide 10 days notice for non-payment of premium.

Florida law requires an insurer to provide ___ days notice for non-renewal of a policy.

Florida law requires an insurer to provide 120 days notice for non-renewal of a policy.

Florida statutes preclude ________ competition; ______ or deceptive acts; and _______ practices.

Florida statutes preclude unfair competition; unfair or deceptive acts; and unfair practices.

Peter Preston suffered a permanent total loss in an accident at the theme park he worked for. How will he be compensated for his loss of wages? (a) Florida's Workers' Compensation laws require a permanent total loss to be compensated at 33 1/3% of the employee's average weekly wage. (b) Florida's Workers' Compensation laws require a permanent total loss to be compensated at 66 2/3% of the employee's average weekly wage. (c) Florida's Workers' Compensation laws require a permanent total loss to be compensated at 75 1/2% of the employee's average weekly wage. (d) Florida's Workers' Compensation laws require a permanent total loss to be compensated at 100% of the employee's average weekly wage.

Florida's Workers' Compensation laws require a permanent total loss to be compensated at 66 2/3% of the employee's average weekly wage.

This type of excess liability provides coverage in excess of underlying limits applying the exact same coverages, conditions, provisions, and exclusions as the underlying policy.

Follow Form excess liability

This Health insurance provision provides a period of time after a premium is due and not paid that an insurer must keep the policy in force and accept a late payment.

Grace Period

Group health insurance plans can be ________________ by employer, association, and organization groups.

Group health insurance plans can be sponsored by employer, association, and organization groups

This Health Insurance coverage continuation provision states the policy is renewable to a stated attained age of the insured (i.e. 65) - premiums can be increased by age or class.

Guaranteed Renewable

This type of service provider is organized by a sponsor who hires physicians and contracts with hospitals to provide care to its members.

HMO

This type of provider employs medical care providers as direct employees; has small if any deductibles; coinsurance provisions; minimal exclusions; and offers broad coverage.

HMOs employ medical care providers as direct employees; has small if any deductibles; coinsurance provisions; minimal exclusions; and offers broad coverage.

Which Homeowners policy form does not apply to an owner occupant?

HO-4

Homeowners policy form insures Renters.

HO-4 policy

This Homeowners policy form covers Section I Property on an "open perils" basis: (a) HO-2. (b) HO-3. (c) HO-5. (d) HO-64.

HO-5

Which Homeowners policy has the broadest coverage.

HO-5

Homeowners policy form which insures condominium owners.

HO-6

This coverage covers the insured's liability for damage to aircraft in the care, custody, and control "stored for safekeeping or repair": (a) Medical Payments. (b) Admitted Aircraft Liability Coverage. (c) Aircraft Liability. (d) Hangarkeeper's Liability.

Hangarkeeper's Liability covers the insured's liability for damage to aircraft in the care, custody, and control "stored for safekeeping or repair".

Broadens BAP coverages for PAP style protection when the named insured is an individual.

Individual Named Insured endorsement

This Crime primary insuring agreement covers loss of money and securities resulting from theft, disappearance, or destruction: (a) Inside The Premises- Theft of Money and Securities. (b) Computer Fraud. (c) Money Orders And Counterfeit Paper Currency. (d) Forgery or Alteration.

Inside The Premises- Theft of Money and Securities is the correct answer.

Which Commercial Inland Marine policy covers loss to property sold on an installment basis? (a) Installment Sales Floater. (b) Signs Form. (c) Electronic Data Processing Insurance. (d) Floor Plan Form.

Installment Sales Floater is the correct answer.

Insurance is a contract whereby one undertakes to _________ another or pay or allow a specified amount or a determinable benefit upon determinable contingencies.

Insurance is a contract whereby one undertakes to INDEMNIFY another or pay or allow a specified amount or a determinable benefit upon determinable contingencies.

In the Extra Expense Coverage Form, the which condition prorates the insured's recovery over time and against the policy limit on a percentage basis over time.

Limits on Loss Payment

Which policy form provides coverage for those who are in the business of manufacturing, distributing, selling, serving or furnishing alcoholic beverages for having caused or contributed to a person's intoxication.

Liquor Liability Coverage Form

MEWAs are considered insurers by _____________ ______________.

MEWAs are considered insurers by Florida Statute.

BAP coverage for spouse and resident family members as named insureds for PIP coverage.

Named Individuals Broadened PIP

An _______ insurer is an insurer other than a domestic or foreign insurer.

An ALIEN insurer is an insurer other than a domestic or foreign insurer.

Statutory imposed vicarious liability is capped under the Homeowners policy at: __________.

Statutory imposed vicarious liability is capped under the Homeowners policy at $10,000.

The HO-3 policy has $____ of coverage for trailers not used with watercraft.

The HO-3 policy has $1,500 of coverage for trailers not used with watercraft.

Which bond is used to guarantee the Principal's acts in his/her capacity as a public official? (a) Public Official Bond. (b) Self-Insurance Bond. (c) Blue Sky Bond. (d) Customs Bond.

Public Official Bond.

Ocean Marine Liability is apportioned on a ________ basis? (a) Pure comparative negligence. (b) Contributory negligence . (c) Modified comparative negligence. (d) All of the above.

Pure comparative negligence is correct. Ocean Marine Liability is apportioned on a pure comparative negligence basis?

The maximum exposure for the Small Business Forms is? (a) $1,000,000. (b) $5,000,000. (c) $10,000,000. (d) No limit.

The maximum exposure for the Small Business Forms is $5,000,000.

The most common roof decking material.

The most common roof decking material is plywood.

The naming of a Loss Payee on the PAP Declarations ensures? (a) Problems for the insured. (b) Problems for the Loss Payee. (c) Claims payments under Coverage D will be paid jointly to both named insured and Loss Payee. (d) Claims payments under Coverage D will only be paid to the named insured.

The naming of a Loss Payee on the PAP Declarations ensures claims payments under Coverage D will be paid jointly to both named insured and Loss Payee.

Rates in Tier Three are set at ___% above comparable voluntary markets. (a) 10%. (b) 25%. (c) 50%. (d) Tier Three rates are required to be actually sound with any shortfalls assessed to Tier Three participants.

Tier Three rates are required to be actuarially sound with any shortfalls assessed to Tier Three participants.... there is no set percentage required above the voluntary market rates.

Toe Nail roof connectors ______ ______ eligible for mitigation credits.

Toe Nail roof connectors are not eligible for mitigation credits.

Towing and Labor covers the cost of towing and labor at the place of ______________. (a) Ennoblement. (b) Disablement. (c) Permanent. (d) None of the above.

Towing and Labor covers the cost of towing and labor at the place of DISABLEMENT.

This Miscellaneous Medical Professions coverage form is defined as an act or omission related to the furnishing of veterinarian services.

Veterinarians

Kardio Kids is a non-profit organization whose mission is to reach kids with the message of "fitness for life". Kardio's founder Karen Kelly utilizes a network of volunteers to deliver Kardio's message (Kardio has no employees). Is Kardio required to carry Workers Compensation insurance to cover the volunteers? (a) Yes, the Florida Workers' Compensation laws consider volunteers to be employees. (b) Yes, but the law requires three or more volunteers. (c) Yes, but the law requires the volunteers to be engaged in the organization for more than 30 hours per week. (d) No, volunteers are excluded from consideration of Workers Compensation.

Volunteers are excluded from consideration of Workers Compensation.

This Health insurance provision waives premiums if the insured becomes totally disabled but the policy remains in force.

Waiver of Premium

The insured has asked if Nuclear and War losses are covered in the Crime policy form as the policy is written on an "all risks" basis. Your response is? (a) War and Nuclear are covered as the policy is written on an "all risk" basis. (b) War and Nuclear are covered as primary insuring agreements in the Crime policy form. (c) No coverage in the Crime policy form as Nuclear and War are specifically excluded. (d) None of the above.

War and Nuclear are covered as primary insuring agreements in the Crime policy form.

Accidents in the Boiler and Machinery policy include all BUT which of the following? (a) Overheating and Burning. (b) Cracking and Bulging. (c) Wear and Tear. (d) Rupture and Collapse.

Wear and Tear is not considered an "accident" in the Boiler and Machinery policy.

Section II- Liability of the Homeowners policy excludes liability coverage for damage caused by a motorized vehicle which is normally used to assist a handicapped family member if the vehicle damages property or injures third parties while not being used in it's "_______________" capacity at the time of loss.

assistance capacity

Insureds who cannot obtain _____________ ______________in the private - competitive market are eligible for FAJUA coverage.

automobile insurance

A quote from an authorized insurer is a ______to obtaining a Citizen's policy.

bar

The beneficiary of a life insurance policy receives the policy proceeds in the event of the insured's death.

beneficiary designation options

In the Farm Policy, Coverage F - unscheduled farm personal property, covers farm personal property on a ______ basis.

blanket basis

An insured has the following limits: General Aggregate Limit $1,000,000 Products-Completed Operations Limit $ 500,000 Personal and Advertising Injury Limit $ 500,000 Per Occurrence Limit $ 500,000 Fire Damage/Fire Legal $ 300,000 Medical Payments Limit $ 5,000 A claim has been filed against your insured for $5,000 due to an injury suffered by a tenant who has tripped over his own shoelace. What is the maximum amount the policy would "indemnify" the insured for their legal liability in this claim? (a) $300,000 (b) $500,000 (c) $1,000,000 (d) $0

$0 as the insured was clearly not legally liable.

In the Commercial Property policy form "Theft of Furs and Jewelry" is limited to: $_____.

$1,000

In the Commercial Property policy the additional coverage, Fire Department Service Charge, pays up to $___.

$1,000

In the Commercial Property policy's Additional Coverage Extensions there is $____ coverage for property in transit.

$1,000

In the Homeowners policy the "Additional Coverages" Association Loss Assessment coverage is ______.

$1,000

Penny Pennypincher is a coin collector who wishes to purchase a Personal Inland Marine policy. She does not want to schedule her collection. What is the maximum amount she can insure on an unscheduled basis?

$1,000

The Commercial Property coverage extension, Outdoor Property, pays up to $___ for fences, radio/TV antennas, detached signs, trees, shrubs and plants.

$1,000

The standard deductibles for a Citizens Homeowners policies.

$1,000 All Perils and 2% Hurricane

Under Florida's Workers' Compensation laws what is the maximum daily fine as a penalty for non-compliance? (a) $1,000 fine each day of non-compliance. (b) $2,500 fine each day of non-compliance. (c) $5,000 fine each day of non-compliance. (d) Any of the above as there is no set limit.

$1,000 fine per day is the maximum penalty of non-compliance.

The insured has borrowed her neighbor's lawnmower to cut her grass. She has accidentally run over two sprinkler heads destroying the heads and breaking her neighbor's lawn mower. How will Section II of the Homeowners policy respond?

$1,000 for property damaged while in the care, custody, and control of the insured

Penny Pennypincher is a coin collector who wishes to purchase a Personal Inland Marine policy. She does not want to schedule her collection. What is the maximum amount she can insure on an unscheduled basis?

$1,000 is the maximum amount that she can insure on an unscheduled basis.

You insure Accurate Accounting & Bookkeeping an S Corporation with $200,000 in payroll. The class code for all staff members is 8810 which has a fifty-five cent per hundred Workers Compensation cost. Excluding expense constants, what is the cost of the Workers Compensation for Accurate Accounting & Bookkeeping? (a) $1,100. (b) $5,500. (c) $7,500.

$1,100 is the cost. 2,000 Payroll in hundreds) X $.55 = $1,100.

Your insured has a Dwelling Policy with the Broad Form Theft endorsement and want to know how much coverage he will have for securities. What amount is covered?

$1,500

Your insured has a Dwelling Policy with the Broad Form Theft endorsement and want to know how much coverage he will have for trailers not used with watercraft. You advise $____ is covered.

$1,500

Your insured has a Dwelling Policy with the Broad Form Theft endorsement and want to know how much coverage she will have for jewelry. You tell her she will have $____ coverage.

$1,500 coverage for Jewelry

The Commercial Property policy coverage extension, Property Off-Premises, pays up to $____ for business personal property while temporarily at a location not owned, leased or operated by the insured.

$10,000

The Commercial Property policy coverage extension, Property Off-Premises, pays up to what dollar limit for business personal property while temporarily at a location not owned, leased or operated by the insured.

$10,000

Under the Garage Policy Section II provides liability coverage less a _____ deductible for work performed by the insured.

$100

Workers Compensation rating is based on the cost per $___ of payroll per class code. (a) $100. (b) $1,000. (c) $10,000. (d) None of the above.

$100 is the correct answer. Workers Compensation rating is based on the cost per $100 of payroll per class code.

Section II of a Homeowners or Dwelling Fire policy - minimum liability limits.

$100,000 Liability and $1,000 Medical Payments.

An example of "split" liability limits on the PAP's Declaration page is? (a) $300,000 CSL. (b) $5,000 Medical Payments. (c) $100,000 CSL. (d) $100,000 per person and $300,000 per occurrence.

$100,000 per person and $300,000 per occurrence.

In the Commercial Property policy's Additional Coverage Extensions there is an annual limit of $____ coverage for Fungus, Wet Rot, Dry Rot, and Bacteria.

$15,000

The BOP's limited coverage for Fungi has a coverage limit of $_________ for all occurrences in a twelve month period.

$15,000

Your Homeowners insured has suffered a fire loss to their residence. The Coverage A Dwelling amount on the policy is $300,000. How much coverage would the insured have for debris removal?

$15,000. Debris Removal is covered up to 5% of the value of the Dwelling.

The Commercial Property policy coverage extension, Personal Effects and Property of 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.

$2,500

The Commercial Property policy coverage extension, Valuable Papers and Records, pays up to $____ for the cost to research, replace or restore lost information from papers and records.

$2,500

Your insured has a Surgical Expense policy with $2,500 listed as the maximum indemnification for any one surgical procedure. If your insured has had her gall bladder removed with $3,500 in surgical fees how much will the policy pay for the claim?

$2,500

Your insured has a Dwelling Policy with the Broad Form Theft endorsement and want to know how much coverage he will have for firearms. What amount will you advise your client is covered?

$2,500 of coverage for Firearms

Your insured has a Dwelling Policy with the Broad Form Theft endorsement and want to know how much coverage he will have for silverware, goldware, and pewterware. How much is covered?

$2,500 of coverage for silverware, goldware, and pewterware.

The Boiler and Machinery Policy has a $______ limit for damage by water from refrigerating or air conditioning vessels and piping. (a) $10,000. (b) $25,000. (c) $50,000. (d) No limit is listed in the policy.

$25,000 is the correct answer. The Boiler and Machinery Policy has a $25,000 limit for damage by water from refrigerating or air conditioning vessels and piping.

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

$25,000. Trees, shrubs, and plants are covered up to 5% of the value of the Dwelling.

The CGL's Supplemental Payments provide up to $____ per day for loss of earning for time taken off of work in the investigation or defense of an insured's claim.

$250

Physical Damage deductibles in the FAJUA policy.

$250, $500, $1,000

The Commercial Property coverage extension "Automatic Coverage" pays: up to $___ for new buildings under construction at the insured premises or buildings acquired at another premises.

$250,000

An insured has the following limits: General Aggregate Limit $600,000 Products-Completed Operations Limit $300,000 Personal and Advertising Injury Limit $300,000 Per Occurrence Limit $300,000 Fire Damage/Fire Legal $100,000 Medical Payments Limit $ 5,000 A claim has been filed against your insured for $200,000 and the insurance company has incurred $200,000 in legal defense of the insured. How much coverage is available to pay the damaged third party if a verdict is rendered against the named insured? (a) $100,000 (the per occurrence limit less defense cost. (b) $300,000 (the per occurrence limit). (c) $400,000 (the aggregate limit less defense cost). (d) $600,000 (the aggregate limit).

$300,000 (the per occurrence limit).

A Homeowners Declarations page lists a $1,000 All Peril and a 5% Hurricane Deductible. The policy has$625,000 Coverage A limit. What is the Hurricane Deductible dollar amount required to be listed on the Declarations Page?

$31,250 is the Hurricane Deductible expressed in dollar terms.

You insure High Water Realty who has $80,000 in office payroll and another $1,000,000 in compensation paid to realtors classified as independent contractors. The class code for all off staff members is 8810 which has a fifty-five cent per hundred Workers Compensation cost. Excluding expense constants, what is the cost of the Workers Compensation for High Water Realty? (a) $440. (b) $880. (c) $1,100. (d) $8,800

$440 is the cost. 800 (Payroll in hundreds) X $.55 = $440.

The BOP pays up to $_______ for loss of Business Income from Dependent Properties.

$5,000

The Commercial Property coverage extension, Non-Owned Detached Trailers, pays on an excess basis up to $____ for non-owned trailers used in the insured's business at the insured location.

$5,000

In the Homeowners policy "Additional Coverages" Fire Department Service charges are covered up to what amount.

$500

The standard deductibles for a Citizens Mobile Homeowners policy.

$500 All Perils and 2% Hurricane

Medical Payments options in the FAJUA policy.

$500, $1,000, or $2,000.

A Homeowners Declarations page lists a $1,000 All Peril and a 2% Hurricane Deductible. The policy has$325,000 Coverage A limit. What is the Hurricane Deductible dollar amount required to be listed on the Declarations Page?

$6,500 is the Hurricane Deductible expressed in dollar terms.

Prime Printing Plus, your Workers Compensation insured, has called you to ask how 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 death of an employee. (b) Tell the client that there is no maximum amount as long as funeral expenses are usual, 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.

$7,500 is the maximum for actual funeral expenses.

Under the BAP's Section II Liability who is defined as an insured?

(1) the named insured for any covered auto; and (2) any permissive users of covered autos owned, hired or borrowed by the named insured.

Under Florida's Workers' Compensation laws the WC death benefit is payable if death results within __ year(s) of injury. (a) 1. (b) 2. (c) 3. (d) 4.

1 year of injury is the correct answer. Under Florida's Workers' Compensation laws the WC death benefit is payable if death results within 1 year of injury.

FWCJUA Tier One eligible insureds must have modification factors below?

1.00

Under Florida's Workers' Compensation laws casual labor is work that is to be completed in not over ___ days for less than $____. (a) 3 days and $100. (b) 10 days and $500. (c) 10 days and $2,400. (d) 15 days and $2,400.

10 days and $500 are the correct answers. Under Florida's Workers' Compensation laws casual labor is work that is to be completed in not over 10 days for less than $500.

The FAJUA offers Physical Damage coverage to Business Autos under _____________ pounds.

10,000

In the Commercial Property Insurance policy form Building coverage includes materials, equipment, and supplies within ____ feet of the premises.

100 feet

According to F.S. 626.731(1)(a) an applicant must be ___ years old to be eligible for a General Lines insurance license.

18 years old

The NFIP defines Flood as "a general and temporary condition of partial or complete inundation of 2 or more acres of normally dry land areas OR ___ or more properties (including the insured property).

2 or more properties

In the Commercial Property policy "Debris Removal" is covered up to ___% of the amount of the covered loss for debris removal.

25%

Under Florida's Workers' Compensation laws corporations in the construction industry can exempt no more than ______ officers and those officers must own a minimum of 10% of the corporation. (a) 1. (b) 2. (c) 3. (d) 20.

3 is the correct answer. Under Florida's Workers' Compensation laws corporations in the construction industry can exempt NO MORE THAN 3 officers and those officers must own a minimum of 10% of the corporation.

A PAP insurer has called your office advising that a Non-renewal Notice will be sent to your PAP insured. How many days notice are required for the Non-renewal Notice? (a) 30. (b) 45. (c) 60. (d) 75.

45 days are required for a non-renewal notice.

The Homeowners policy "Additional Coverages" trees, shrubs, and plants are covered up to what percent of Coverage A.

5% of Coverage A

Rates in Tier Two are set at ___% above comparable voluntary markets.

50%

A Citizens policy may be replaced with a policy from an authorized insurer within the first ____ days that the policy has been written.

60 days

The Commercial Builders Risk Coverage Form terminates _____days after the building is occupied or put to its intended use.

60 days

Under Florida's Workers' Compensation laws permanent total loss is compensated at ___% of the employee's average weekly wage. (a) 33 2/3%. (b) 66 2/3%. (c) 5 3/4%. (d) 100%.

66 2/3% is the correct answer. Under Florida's Workers' Compensation laws permanent total loss is compensated at 66 2/3% of the employee's average weekly wage.

Under Florida's Workers' Compensation laws there is a ____ day "waiting period" required 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) 20.

7 days is the correct answer. Under Florida's Workers' Compensation laws there is a 7 day "waiting period" required before benefits begin - benefits are payable from injury day one if disabilities exceed twenty-one days in duration.

The Commercial Builders Risk Coverage Form terminates ___ days after construction is completed.

90 days

A "non-owned auto" is defined as a private passenger auto, pickup, van or trailer not ______ by or furnished or available for the regular use of the named insured or a family member, while being operated or in the care of the named insured or a family member. (a) Owned. (b) Driven. (c) Sold. (d) All of the above.

A "non-owned auto" is defined as a private passenger auto, pickup, van or trailer not OWNED by or furnished or available for the regular use of the named insured or a family member, while being operated or in the care of the named insured or a family member.

The Commercial Property Insurance policy requires how many days notice for non-payment of premium.

A 10 day notice is required.

In the PAP's Declarations a Loss Payee is? (a) One who has an academic interest in an insured vehicle. (b) One who has employment interest with the insured. (c) The Loss Payee is a claimant against the PAP's liability coverages. (d) One who has an economic interest in an insured vehicle.

A Loss Payee is one who has an economic interest in an insured vehicle.

A Mutual Company becomes a Stock Company through this process.

A Mutual Company becomes a Stock Company through the process of DEMUTUALIZATION.

Which of the following is NOT an insured under Part A Liability of the PAP? (a) Non-permissive user. (b) Permissive user. (c) Family member. (d) Anyone legally responsible for "your covered auto".

A Non-permissive user is NOT an insured under Part A Liability of the PAP?

Which of the following is NOT a "type" of a General Lines License? (a) Personal Lines Agent. (b) Limited Customer Service Representative. (c) Title Agent. (d) Customer Representative.

A Title Agent is not a type of General Lines License.

A collision with a falling object is normally covered by the following Physical Damage coverage? (a) Other Than Collision. (b) Open Perils. (c) Comprehensive. (d) None of the above.

A collision with a falling object is normally covered by Other Than Collision.

A collision with an animal is normally covered by the following Physical Damage coverage? (a) Other Than Collision. (b) Open Perils. (c) Comprehensive. (d) None of the above.

A collision with an animal is normally covered by Other Than Collision.

Under Florida's Workers' Compensation laws a contractor is liable for injuries to a subcontractor's employees if: (a) The subcontractor does not carry WC. (b) Included in the basic policy language. (c) Never required as a matter of contract or law. (d) None of the above.

A contractor is liable for injuries to a subcontractor's employees if the subcontractor does not carry WC.

"Your covered auto" in the PAP includes? (a) Only vehicles shown on the declarations page. (b) A newly acquired auto. (c) Any tractor the insured owns. (d) All of the above.

A newly acquired auto.

A reciprocal exchange is legally controlled by.

A reciprocal exchange is legally controlled by an Attorney-in Fact.

A _______________ BOP eligibility may pertain to seating capacity; types of food and drinks served; and methods of cooking.

A restaurant's BOP eligibility may pertain to its seating capacity; types of food and drink served; and methods of cooking.

Policy type with a special schedule of limits for dismemberment and death; may include provisions for hospital, physician, and nursing expenses; and may include provision for lost wages.

Accident Insurance

According to Florida Statute 624.09 an "_____________" insurer is one which does not have a certificate of authority issued by the department to transact insurance in this state.

According to Florida Statute 624.09 an "UNAUTHORIZED" insurer is one which does not have a certificate of authority issued by the department to transact insurance in this state.

The insured has a Crime policy form and has suffered a loss by an act committed by an insured partner. Is this loss covered? (a) Covered. (b) Not Covered.

Acts by insured partners are not covered. .

The Commercial Property Insurance Valuation condition is on an _____ basis unless RCV has been endorsed on the policy.

Actual Cash Value (ACV)

This coverage is written an adjunct to Passenger Liability, not applicable to passengers carried for hire providing a remedy for injuries without requiring guest to file legal action for injuries is.... (a) Non-Admitted Aircraft Liability Coverage. (b) Foreign Aircraft Liability Coverage. (c) Admitted Aircraft Liability Coverage. (d) None of the above.

Admitted Aircraft Liability Coverage is written an adjunct to Passenger Liability, not applicable to passengers carried for hire providing a remedy for injuries without requiring guest to file legal action for injuries.

Mr. Kettle is purchasing an automobile policy. He advises he does not wish to carry liability insurance but wants uninsured motorists liability. How do you respond? (a) Sell him the policy with UM and no liability insurance. (b) Advise him that a policy must have liability insurance coverage if UM coverage is to be taken. (c) Sell him extended PIP. (d) Place the No Liability Endorsement on his policy.

Advise Mr. Kettle that a policy must have liability insurance coverage if UM coverage is to be taken.

An insured has curiously called you to ask if his burial plot is insured for Liability under his 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 locations. (c) 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.

Advise the insured that cemetery plots and burial vaults are covered as insured locations.

This Business Income coverage option eliminates coinsurance by agreeing to stated value of net income/loss and operating expense.

Agreed Value

Insurable "objects" include all BUT which of the following: (a) Boilers. (b) Turbines. (c) Air Conditioning Equipment. (d) Aircraft.

Aircraft are not eligible "objects".

This coverage provides coverage for bodily injury and property damage liability for the premises and operations of an airport: (a) Medical Payments. (b) Aircraft Liability. (c) Airport and Air Meet Liability. (d) Admitted Aircraft Liability Coverage.

Airport and Air Meet Liability provides coverage for bodily injury and property damage liability for the premises and operations of an airport.

____________ is an omnibus clause to provide coverage for "all other like perils, losses, and misfortunes," -- this is not an open perils clause. (a) Jettison. (b) Barratry. (c) All Other Like Perils. (d) Perils of the Seas.

All Other Like Perils is the correct owner. All Other Like Perils is an omnibus clause to provide coverage for "all other like perils, losses, and misfortunes," -- this is not an open perils clause.

The Garage Insurance Policy covers Business Auto and Commercial General Liability coverage for: (a) Exposures of repairing. (b) Exposures of servicing. (c) Exposures of selling. (d) All of the above.

All of the above

Hull policies are written on a _________ basis. (a) Stated Value. (b) ACV. (c) RCV. (d) All of the above are available.

All of the above are available. Hull policies may be written on a stated value, actual cash value or replacement cost value basis. .

Pattie's Pattys the local burger joint has three different types of workers: managerial staff who work full time; high school kids who work part-time; and maintenance workers who work as day labor once a week. Which if any of these workers must be covered under Florida's Workers Compensation? (a) Full time management staff. (b) Part time high school employees. (c) Maintenance workers who work as day laborers. (d) All of the above.

All of the above are correct.

Part Four in the Workers Compensation policy "Your Duties if Injury Occurs": (a) Requires immediate notice. (b) Requires immediate necessary medical treatment. (c) Requires insured not to prejudice insurer. (d) All of the above.

All of the above are correct. Part Four in the Workers Compensation policy "Your Duties if Injury Occurs": requires immediate notice by the insured to the insurer; requires immediate necessary medical treatment for the injured employee; and requires insured not to prejudice insurer.

Part Three Other States provides: (a) Automatic coverage in states not listed for Part One coverage. (b) Requires each state be listed under Part Three Other States. (c) Insured is required to notify the insurer if work begins in any state listed in Part Three. (d) All of the above.

All of the above are correct. Part Three - Other States provides: automatic coverage in states not listed for Part One coverage; requires each state be listed under Part Three Other States; and requires the insured to notify the insurer if work begins in any state listed in Part Three.

Dealers Policies... (a) Cover the merchandise of merchants. (b) Cover on an all risk basis. (c) Cover on premises and off premises. (d) All of the above.

All of the above are correct. Dealers Policies cover the merchandise of merchants; on an all risk basis; on or off the insured premises.

Under Florida's Workers' Compensation laws disability benefits: (a) Pay for the replacement of an employee's wages. (b) Are calculated based upon the difference between "pre-loss" and post-loss wages. (c) Are calculated on the "average weekly wage". (d) All of the above.

All of the above are correct. Disability benefits pay for the replacement of an employee's wages; are calculated based upon the difference between "pre-loss" and post-loss wages; and are calculated on the "average weekly wage".

Medical Payments Coverage provides coverage for medical, surgical, ambulance, hospital, and related expenses for injuries sustained: (a) In an aircraft. (b) Entering an aircraft. (c) Alighting from an aircraft. (d) All of the above.

All of the above are correct. Medical Payments Coverage provides coverage: in an aircraft, entering an aircraft, or alighting from an aircraft.

Part Two Employers Liability of a Florida Workers Compensation policy covers: (a) Claims by employees for injuries not subject to workers compensation law. (b) Claims by other for the liabilities to insured's employees. (c) Claims by relatives of injured employees for consequential damages. (d) All of the above.

All of the above are correct. Part Two Employers Liability of a Florida Workers Compensation policy covers: claims by employees for injuries not subject to workers compensation law; claims by other for the liabilities to insured's employees; and claims by relatives of injured employees for consequential damages.

Retroactive dates in the "claims-made" CGL policy form can be the same as inception; can specify an earlier date; and may be listed as "open, none, or _____________".

All of the above are correct. Retroactive dates in the "claims-made" CGL policy form can be the same as inception; can specify an earlier date; and may be listed as "open, none, or blank".

The Actual Loss Sustained Business Interruption Endorsement: (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) All of the above.

All of the above are correct. The Actual Loss Sustained Business Interruption Endorsement: covers actual lost profits; is subject to 100% coinsurance; and the amount coverage is based upon net profit plus fixed operating expenses.

The Crime policy covers: (a) Property of the named insured. (b) Property in the custody of the named insured. (c) Property for which the named insured is legally liable. (d) All of the above.

All of the above are correct. The Crime policy covers: property of the named insured; property in the custody of the named insured; and property for which the named insured is legally liable.

The Floating or Open Form of Ocean Marine Insurance... (a) Does not have an expiration date. (b) Insurer or insured may cancel with a 30 day notice. (c) Insured uses a reporting form to declare exposure to insurer. (d) All of the above.

All of the above are correct. The Floating or Open Form of Ocean Marine Insurance: does not have an expiration date; the insurer or insured may cancel with a 30 day notice; and the insured uses a reporting form to declare exposure to insurer.

The Florida law permits secured payments of compensation by: (a) Purchase of insurance. (b) Self-insurance. (c) Pooled liabilities. (d) All of the above.

All of the above are correct. The Florida law permits secured payments of compensation by: purchase of insurance; qualified self-insurance; or pooled liabilities.

The coverage territory for Aircraft Liability coverage is: (a) United States. (b) Canada. (c) Mexico. (d) All of the above.

All of the above are correct. The coverage territory for Aircraft Liability coverage is the United States, Canada, or Mexico.

You currently insure Susie's Sock Emporium on a BOP. When you inquire as to her Workers Compensation you reveal that Susie has fourteen employees but does not carry Workers Compensation. You advise Susie that she may be subject to ALL but which of the following penalties for not complying with Florida's Workers Compensation requirements? (a) Her business may be found guilty of a second-degree misdemeanor. (b) Susie's Sock Emporium can be shut down. (c) Susie's Sock Emporium may be subject to a $1,000 per day fine for everyday the company operates in violation of the law. (d) All of the above.

All of the above are correct. Under Florida's Workers' Compensation laws penalties for non-compliance include: business is guilty of second-degree misdemeanor; the business can be shut down; or up to a $1,000 fine per day.

Under Florida's Workers' Compensation laws penalties for non-compliance include: (a) Business is guilty third-degree misdemeanor. (b) Business can be shut down. (c) $1,000 fine and for each day of non-compliance. (d) All of the above.

All of the above are correct. Under Florida's Workers' Compensation laws penalties for non-compliance include: business is guilty of third-degree misdemeanor; the business can be shut down; or up to a $1,000 fine per day.

Under Florida's Workers' Compensation laws employee status does not include: (a) Independent contractors. (b) Volunteers. (c) Commissioned real estate agents. (d) All of the above.

All of the above is the correct answer. Under Florida's Workers' Compensation laws employee status does not include: Independent Contractors, Volunteers, or Commissioned Real Estate Agent.

Section II of the Garage Policy excludes: (a) Liability assumed under contract. (b) Employee Injuries. (c) Liability for pollution or contamination. (d) All of the above.

All of the above is the correct answer. Section II of the Garage Policy excludes: liability assumed under contract; employee Injuries; and liability for pollution or contamination.

Which of the following perils are covered in the BAP's Specified Causes of Loss coverage: (a) Theft and Vandalism. (b) Fire and Explosion. (c) Windstorm and Hail. (d) All of the above.

All of the above is the correct answer. Specified Causes of Loss coverage includes the perils of: theft, vandalism, fire, explosion, windstorm, and hail.

The BAP's Section II Liability coverage does not apply to: (a) Insured property. (b) Employee injuries. (c) Mobile equipment. (d) All of the above.

All of the above is the correct answer. The BAP's Section II Liability coverage does not apply to: the insured's own property, employee injuries; or to Mobile equipment.

The BAP's Section II does not apply to: (a) Liability assumed under contract. (b) Employee Injuries. (c) Liability for pollution or contamination. (d) All of the above.

All of the above is the correct answer. The BAP's Section II does not apply to: liability assumed under contract; employee injuries; or liability for pollution of contamination.

The Broad Form Causes of Loss perils include: (a) Collapse. (b) Falling Objects. (c) Weight of ice, snow or sleet. (d) All of the above.

All of the above is the correct answer. The Broad Form Causes of Loss perils include: collapse; falling objects; and the weight of ice, snow, or sleet.

The Commercial Property Insurance "Vacancy " condition suspends coverage for the perils of: (a) Vandalism & Sprinkler Leakage. (b) Building Glass Breakage & Water Damage. (c) Theft & Attempted Theft . (d) All of the above.

All of the above is the correct answer. The Commercial Property Insurance "Vacancy " condition suspends coverage for the perils of: Vandalism & Sprinkler Leakage; Building Glass Breakage & Water Damage; and Theft & Attempted Theft .

In the BAP Comprehensive covered perils include: (a) Water Damage. (b) Glass Breakage. (c) Wind Damage. (d) All of the above.

All of the above, the BAP's Comprehensive covered perils include: water damage, glass breakage, and wind damage.

Tom Jones, your Mechanical Breakdown insured, has asked you which if any of the following are typically covered by Mechanical Breakdown Insurance? (a) Engine. (b) Air Conditioner. (c) Drive Axle. (d) All of the above.

All of the above.

The Special Form Cause of Loss form EXCLUDES: (a) Dishonesty of insured or employees. (b) Rust, decay, and deterioration. (c) Loss to property in the open from rain, snow, ice, or sleet. (d) All of the above.

All of the above. The Special Form Cause of Loss form EXCLUDES: dishonesty of insured or employee; rust, decay, and deterioration; and loss to property in the open from rain, snow, ice, or sleet.

You have just learned that a new insurance company in Florida has a certificate of authority issued by the department to transact insurance in this state. This new company is an _________ company.

An "authorized" insurer is one duly authorized by a subsisting certificate of authority issued by the department to transact insurance in Florida.​

An "eligible building" in the NFIP must have at least ___% of its value above ground level.

An "eligible building" in the NFIP must have at least 50% of its value above ground level.

An _______ includes every person engaged as indemnitor, surety, or contractor in the business of entering into contracts of insurance or of annuity.

An INSURER includes every person engaged as indemnitor, surety, or contractor in the business of entering into contracts of insurance or of annuity.

An Inland Marine policy covering Furs covers newly acquired property with ___ days automatic coverage up to $10,000.

An Inland Marine policy covering Furs covers newly acquired property with 30 days automatic coverage up to $10,000.

An eligible building is a structure affixed to a permanent site and with two or more __________ _____________ and secured roof.

An eligible building is a structure affixed to a permanent site and with two or more outside walls and secured roof.

An insurance company owned by its stockholders.

An insurance company owned by stockholders is a STOCK INSURANCE COMPANY.

An insurance company owned by stockholders is a Stock Insurance Company.

An insurance company owned by stockholders is a Stock Insurance Company.

All BUT which of the following are duties of the insured after a loss? (a) Insured is required to retain an attorney. (b) Prompt notice. (c) Examination under oath. (d) Provide any requested proof of loss.

An insured IS NOT required to retain an attorney after a loss has occurred. The policy DOES REQUIRE the insured to provide: prompt notice of the loss; to an examination under oath by the insurance company; and to provide any requested proof of loss.

An insured may not have more than ___ roomers or boarders.

An insured may not have more than 2 roomers or boarders.

An insured under a residential property form includes the named insured and residing spouse AND _____________ relatives of the named insured.

An insured under a residential property form includes the named insured and residing spouse AND residing relatives of the named insured.

Your Homeowners Insured leases her garage out as a private residence. Which 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.

An insured's garage rented to another party as a residence is not covered under the Homeowners policy.

An insured's legal liability for the usage of a golf cart is covered at the insured's residence and on a ______ ___________.

An insured's legal liability for the usage of a golf cart is covered at the insured's residence and on a golf course.

An insurer is required to provide an insured with ___ days notice of cancellation for non-payment of premium. (a) 10. (b) 20. (c) 30. (d) 45.

An insurer is required to provide an insured with 10 days notice of cancellation for non-payment of premium.

An insurer is required to provide an insured with ___ days notice of cancellation for underwriting reasons. (a) 10. (b) 20. (c) 30. (d) 45.

An insurer is required to provide an insured with 45 days notice of cancellation for underwriting reasons.

Angie was permanently injured in an auto accident by the negligence of Ruthie. Angie's injuries are valued at $20,000. Angie has PIP and has recovered her full $10,000 limit, and she has $100,000 of single limit UM coverage. Ruthie has a liability insurance policy with limits of 50,000/100,000/$50,000. How much is Angie's UM recovery? (a) $10,000. (b) $20,000. (c) $100,000. (d) 0.

Angie's UMBI recovery will be Zero.

Which of the following ARE duties of the Bureau of Property & Casualty Insurer Solvency? (a) Receipt and review of periodic financial statements. (b) Periodic on-site financial examinations. (c) Review of all new insurers. (d) All of the above.

Any of the above.

Which of the following apply to the Division of Agents & Agencies Services? (a) Investigate charges of unethical conduct. (b) Issue agent licenses. (c) Supervision of insurance claims activity. (d) All of the above.

Any of the above.

Which of the following are duties of the Office of Insurance Regulation? (a) Company solvency. (b) Market conduct performance. (c) Policy forms and rates. (d) All of the above.

Any of the above.

A non licensed member of your office staff entered preliminary negotiations with a potential insured for an insurance policy is this considered "transacting insurance"? (a) Yes, because any preliminary negotiations of an insurance policy is considered "transacting insurance". (b) No, it is only considered "transacting insurance" if the person were to purchase the policy.

Any preliminary negotiations of an insurance policy is considered "transacting insurance".

An insurer wishes to change its application to sell insurance in Florida, which unit must review and approve the application for use? (a) Bureau of Specialty Insurers. (b) Applications Coordination Unit. (c) Division of Agents and Agencies Services. (d) Bureau of Life and Health Forms and Rates.

Applications Coordination Unit.

Which unit reviews and approves company applications to sell insurance? (a) Bureau of Specialty Insurers. (b) Applications Coordination Unit. (c) Division of Agents and Agencies Services. (d) Bureau of Life and Health Forms and Rates.

Applications Coordination Unit.

All of the following are duties of the Office of Insurance Regulation EXCEPT? (a) Company solvency. (b) Appoint physical location of insurers. (d) Policy forms and rates. (d) Market conduct performance.

Appoint physical location of insurers.

The final step in the bonding process is the execution of the bond by the surety's ________. (a) Obligee. (b) Principal. (c) Attorney-in-fact (normally the surety's agent). (d) None of the above.

Attorney-in-fact (normally the surety's agent) is the correct answer. The final step in the bonding process is the execution of the bond by the surety's attorney-in-fact.

Your insured has "triggered" Florida Financial Responsibility law which of the following may be that trigger? (a) Parking Ticket. (b) Invalid Registration. (c) Automobile accident involving bodily injury. (d) All of the above.

Automobile accident involving bodily injury.

Automobile insurance rates are highest when the primary operator is? (a) Youthful unmarried male. (b) Youthful unmarried female. (c) Mature unmarried male. (d) Mature unmarried female.

Automobile insurance rates are highest when the primary operator is a youthful unmarried male.

Automobiles are assigned a _________ which recognizes the value of a vehicle and its "damageability". (a) Status. (b) Recognition. (c) Symbol. (d) Letter.

Automobiles are assigned a SYMBOL which recognizes the value of a vehicle and its "damageability".

Wacko Drycleaners has taken receipt of Mrs. Johnsons laundry for dry cleaning. In the above example Mrs. Johnson is the: (a) Bailor. (b) Bailee. (c) Lessor. (d) Mortgagor.

Bailor is the correct answer. A bailor is the owner of property.

Covers the loss by fraud or deliberate act by the master or the crew with the intention of reaping gains at the expense of the ship's owner describes? (a) Jettison. (b) Barratry. (c) All Other Like Perils. (d) Perils of the Seas.

Barratry covers the loss by fraud or deliberate act by the master or the crew with the intention of reaping gains at the expense of the ship's owner.

Covers the loss of voluntarily throwing overboard parts of the ship or cargo to save the ship describes? (a) Jettison. (b) Barratry. (c) All Other Like Perils. (d) Perils of the Seas.

Barratry covers the loss of voluntarily throwing overboard parts of the ship or cargo to save the ship

Which bond is used to guarantee the Principal's representations as an investment company against defrauding the general public? (a) Public Official Bond. (b) Self-Insurance Bond. (c) Blue Sky Bond. (d) Customs Bond.

Blue Sky Bond.

A bond attached to an initial bid of the Principal guarantees the Obligee if the bid is awarded and the Principal will obtain a Performance Bond and complete the work "as bid" is called a: (a) Performance Bond. (b) Bid Bond. (c) Payment Bond. (d) None of the above.

Bid Bond.

Bill Bird purchased a PIP/PD policy from your agency 90 days ago. He now wants to cancel the policy. Under what conditions can he 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 his intention to cancel.

Bill can place the insurer on formal written notice of his intention to cancel. He has held the policy longer than 60 days so he only needs to put the company on formal written notice.

This Miscellaneous Medical Professions coverage form is defined as an act or omission related to blood donations.

Blood Banks

The insuring agreement for Garage Liability states: "We will pay all sums an 'insured' legally must pay as damages because of ________ or ________ to which this insurance applies caused by an 'accident' and resulting from 'garage operations'.

Bodily Injury or Property Damage

Boiler and Machinery covers the direct and indirect losses to insured? (a) Incidents. (b) Objects. (c) Articles. (d) None of the above.

Boiler and Machinery covers the direct and indirect losses to insured "Objects".

Boiler and Machinery limits are: (a) Per Accident. (b) Per Policy Year. (c) Double Indemnity. (d) None of the above.

Boiler and Machinery limits are "per accident".

Ocean Marine deductibles include: (a) Franchise. (b) Average. (c) Wholesale. (d) Both A & B.

Both A & B are correct.

The Extra Expense Form: (a) Pays extraordinary expenses incurred to maintain ongoing operations over and 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

Both A & B are correct.

Admitted Aircraft Liability Coverage pays for death or dismemberment if: (a) Requested by named insured. (b) Company is released from further liability. (c) Both A & B. (d) Neither A or B.

Both A & B are correct. Admitted Aircraft Liability Coverage pays for death or dismemberment if requested by the named insured; AND if the company is released from any further liability.

Commercial Inland Marine Installation Coverage Form covers loss to equipment and machinery, building materials and supplies. (a) In transit. (b) Used in the course of installation, testing, building, renovating or repair. (c) Both A & B. (d) Neither A or B.

Both A & B are correct. Commercial Inland Marine Installation Coverage Form covers loss to equipment and machinery, building materials and supplies in transit; and in the course of installation, testing, building, renovating or repair.

Part One Workers Compensation: (a) Covers the cost of defending the employer against a claim for these benefits. (b) Requires the employer to be responsible for any payments in excess of those regularly provided by the applicable workers compensation laws. (c) Both A & B. (d) Neither A or B.

Both A & B are correct. Part One Workers Compensation covers the cost of defending the employer against a claim for these benefits. Part One requires the employer to be responsible for any payments in excess of those regularly provided by the applicable workers compensation laws.

Aircraft Hull Insurance (a) Provide options for Named Perils in flight and All Risk on ground. (b Provide options for All Risk on ground or in flight (c) Both A & B. (d) Neither A or B.

Both A & B are correct. Aircraft Hull Insurance provides options for Named Perils in flight and All Risk on ground; and All Risk on ground or in flight.

Part E requires an insured to? (a) Submit to examination under oath if requested. (b) File a proof of loss if requested. (c) Both A & B. (d) Neither A or B.

Both A & B are correct. Part E requires an insured to submit to examination under oath if requested; AND file a proof of loss if requested.

The Boiler and Machinery policy covers: (a) Other property owned by the insured affected by an accident. (b) Non-owned property in the care, custody or control of the insured and for which the insured is legally liable. (c) Both A & B. (d) either A or B.

Both A & B are correct. The Boiler and Machinery policy covers: other property owned by the insured affected by an accident; and non-owned property in the care, custody or control of the insured and for which the insured is legally liable.

The Loss Sustain Crime coverage form will cover a loss which occurred prior to its inception if: (a) Reported during the policy term. (b) There was no interruption between the previous policy term and the current policy. (c) Both A & B. (d) Neither A or B.

Both A & B are correct. The Loss Sustain Crime coverage form will cover a loss which occurred prior to its inception if reported during the policy term; and there was no interruption between the previous policy term and the current policy.

The Valued Business Interruption Endorsement: (a) Expresses deductibles as either days or dollars. (b) States an agreed dollar limit for each day of total interruption. (c) Both A & B. (d) Neither A or B.

Both A & B are correct. The Valued Business Interruption Endorsement expresses deductibles as either days or dollars; and states an agreed dollar limit for each day of total interruption.

Basic, Broad, and Special Form Causes of Loss EXCLUDE? (a) Loss from Utility Service Failure. (b) Flood, Rising Waters, Mudslides, Back-up of Water through Sewers or Drains. (c) Both A & B. (d) Neither A or B.

Both A & B are correct. Basic, Broad, and Special Form Causes of Loss EXCLUDE: losses from Utility Service Failure; and losses from Flood, Rising Waters, Mudslides, Back-up of Water through Sewers or Drains.

The FAJUA offers: (a) Personal Auto coverage. (b) Business Auto coverage. (c) Commercial General Liability. (d) Both A & B

Both A & B are correct. The FAJUA offers Personal Auto and Business Auto coverage.

The PAP defines "your covered auto" as: (a) Any vehicle shown in the Declarations. (b) Any trailer you own. (c) Both A & B. (d) Neither A or B.

Both A & B is correct. The PAP defines "your covered auto as: any vehicle shown in the Declarations; and any trailer you own.

By listing the Loss Payee on the PAP's Declarations page. (a) The Loss Payee is jointly paid with the insured for losses incurred under Coverage D. (b) The Loss Payee's collateral is protected. (c) Both A & B. (d) Neither A or B.

Both A & B.

Which of the following are required of the insured following a loss? (a) Prompt notice of loss. (b) Allow inspection and appraisal if the insured vehicle is damaged. (c) Both A & B. (d) Neither A or B.

Both A & B. The insured is required to provide the insurance company with: prompt notice of loss; and to all an inspection or appraisal of the damaged insured vehicle.

Which of the following are duties of the Bureau of Life & Health Insurer Solvency? (a) Solvency oversight. (b) Analyze policies and rates. (c) Both A and B. (d) Neither A or B.

Both A and B are correct as the Bureau of Life & Health Insurer Solvency duties include: (a) solvency oversight and (b) analyzing policies and rates.

Part Two Employers Liability of a Florida Workers Compensation policy covers: (a) Claims by employees for injuries not subject to workers compensation law. (b) Claims by other for the liabilities to insured's (c) Both A and B. (d) Neither A or B.

Both A and B are correct.

Randy's Rulers, Erasers, and Paper your CGL insured has filed a liability claim under their CGL based upon liability assumed in a contract. Will the CGL pay the insured's claim? (a) Yes, if Randy would be legally liable anyway. (b) Yes, if the contract meets the criteria for acceptable leases not subject to exclusion. (c) No, the CGL excludes BI and PD claims based on contractual liability. (d) Both A and B.

Both A and B are correct.

Your CGL insured has filed a CGL claim and the claims investigation has revealed that the claim is based upon an assumed contract. Will the CGL pay the insured's claim? (a) Yes, if the insured would be legally liable anyway. (b) Yes, if the contract meets the criteria for acceptable leases not subject to exclusion. (c) No, the CGL excludes BI and PD claims based on contractual liability. (d) Both A and B.

Both A and B are correct.

The Crime policy covers: (a) Property of the named insured. (b) Property in the custody of the named insured. (c) Both A and B. (d) Neither A or B.

Both A and B are correct. The Crime policy covers property of the named insured; and property in the custody of the named insured.

The Crime policy values: (a) Money at its face value. (b) Securities at their value the day any loss is discovered. (c) Both A and B. (d) Neither A or B

Both A and B are correct. The Crime policy values Money at its face value; and Securities at their value the day any loss is discovered.

Which of the following are EXCLUSIONS to Part Two Employers Liability in the Florida Workers Compensation policy? (a) Injuries intentionally caused by the insured. (b) Liability assumed under contract. (c) Both A and B. (d) Neither A or B.

Both A and B are correct. Injuries intentionally caused by the insured and liability assumed under contract are exclusions in Part Two Employers Liability in the Workers Compensation policy.

The Florida law permits secured payments of compensation by: (a) Purchase of insurance. (b) Self-insurance. (c) Both A and B. (d) Neither A or B.

Both A and B are correct. The Florida law permits secured payments of compensation by: purchase of insurance or self-insurance.

Under Florida's Workers' Compensation laws penalties for non-compliance include: (a) Business is guilty of second-degree misdemeanor. (b) Business can be shut down. (c) Both A and B. (d) Neither A or B.

Both A and B are correct. Under Florida's Workers' Compensation laws penalties for non-compliance include: business is guilty of second-degree misdemeanor; the business can be shut down; or up to a $1,000 fine per day.

In the Farm Policy the Livestock Coverage form covers: (a) Livestock. (b) Coverage is on a monoline basis. (c) Both A & B. (d) Neither A or B.

Both A and B are correct. The Farm Policy the Livestock Coverage form covers livestock on a monoline basis.

Which of the following are duties of the Bureau of Property & Casualty Insurer Solvency? (a) Receipt and review of periodic financial statements. (b) Periodic on-site financial examinations. (c) Both A and B. (d) Neither A or B.

Both A and B is the correct answer as the Bureau of Property & Casualty Insurer Solvency has the following duties: (a) receipt and review of periodic financial statements; (b) periodic on-site financial examinations; and (c) review of all new insurers.

Which of the following apply to the Division of Agents & Agencies Services? (a) Investigate charges of unethical conduct. (b) Issue agent licenses. (c) Both A and B. (d) Neither A or B.

Both A and B is the correct answer as the The Division of Agents & Agencies Services: (a) investigate charges of unethical conduct; (b) issue agent licenses; and (c) supervise insurance claims activity.

Which of the following are duties of the Office of Insurance Regulation? (a) Company solvency. (b) Market conduct performance. (c) Both A and B. (d) Neither A or B.

Both A and B.

Ineligible risk exposures for a Citizens policy include: (a) Properties in disrepair. (b) Properties over 50 years of age. (c) Properties over 50 years of age without upgrades. (d) Both A and C.

Both A and C are correct. Ineligible risk exposures for a Citizens policy include: properties in disrepair and properties over 50 years of age without upgrades.

In the Dwelling Fire policy the difference between Coverage D Fair Rental Value and Coverage E Additional Living Expense is: (a) Coverage D pays for the insured's additional expenses to maintain the insured's living standards if the property is uninhabitable. (b) Coverage E pays for the insured's additional expenses to maintain the insured's living standards if the property is uninhabitable. (c) Coverage D pays for the fair rental value if the property become uninhabitable. (d) Both B and C.

Both B and C are correct. Coverage E pays for the insured's additional expenses to maintain the insured's living standards if the property is uninhabitable. Coverage D pays for the fair rental value if the property become uninhabitable.

Broad Form DP-2 includes the DP-1 coverages (Fire, EC and VMM) and adds the perils of falling objects and the __________ of ice, snow or sleet.

Broad Form DP-2 includes the DP-1 coverages (Fire, EC and VMM) and adds the perils of falling objects and the weight of ice, snow or sleet.

Broad Form Theft may only be written on an _______________ occupied exposure.

Broad Form Theft may only be written on an owner occupied exposure.

Bruce was permanently injured in an auto accident by the negligence of Rhonda. Bruce's injuries are valued at $1,000,000. Bruce has PIP and has recovered his full $10,000 limit, and he has $100,000 per person and $300,000 per occurrence UM coverage. Rhonda has a liability insurance policy with limits of 50,000/100,000/$50,000. How much is Bruce's UM recovery? (a) $10,000. (b) $40,000. (c) $100,000. (d) $300,000.

Bruce's UMBI recovery is $100,000.

Which Commercial Property policy Optional Endorsement covers loss due to ordinance or law requirement to demolish undamaged portions of an affected structure to bring the building up to the current building code.

Building Ordinance Coverage

Homeowners policy endorsement covers losses incurred by the enforcement of a Building Ordinance or Law to otherwise undamaged property.

Building Ordinance or Law endorsement covers losses incurred by the enforcement of a Building Ordinance or Law to otherwise undamaged property.

Which unit protect the public from unethical insurance practices: (a) Bureau of Specialty Insurers. (b) Applications Coordination Unit. (c) Division of Agents and Agencies Services. (d) Bureau of Life and Health Forms and Rates.

Bureau of Market Conduct.

If someone believes they have or are suffering from any type of unethical insurance practice you should refer them to which department? (a) Bureau of Specialty Insurers. (b) Bureau of Market Conduct. (c) Division of Agents and Agencies Services. (d) Applications Coordination Unit.

Bureau of Market Conduct. You would refer them to the Bureau of Market Conduct whose function is to protect the public from unethical insurance practices.

Your insured operates his consulting business from home. Several clients come to his house on a daily basis. Which Homeowners endorsement can be applied to his policy to cover this exposure?

Business Pursuit endorsement.

Under Florida's Workers' Compensation laws penalties for non-compliance include: (a) Business is guilty of first-degree misdemeanor. (b) Business is guilty of second-degree misdemeanor. (c) Business is guilty of third-degree misdemeanor. (d) Business is guilty of a felony.

Business can be deemed guilty of second-degree misdemeanour.

________________ data is excluded under the Homeowners policy form.

Business data is excluded under the Homeowners policy form.

By listing the Loss Payee on the PAP's Declarations page. (a) The Loss Payee is solely paid for losses incurred under Coverage D. (b) The Loss Payee's collateral is protected. (c) Both A & B. (d) Neither A or B.

By listing the Loss Payee on the PAP's Declarations page the Loss Payee's collateral is protected.

Stands for Cost and Freight, assignment of responsibility of buyer to obtain insurance. (a) F.O.B. (b) C.I.F. (c) C.F. (d) F.A.S.

C.F. is the abbreviation for Cost and Freight. Cost and Freight places the responsibility for insuring cargo on the purchaser.

Stands for: Cost, Insurance and Freight: assignment of responsibility of seller to obtain all necessary insurances. (a) F.O.B. (b) C.I.F. (c) C.F. (d) F.A.S.

C.I.F. stands for Cost, Insurance and Freight which is the assignment of responsibility of seller to obtain all necessary insurances.

CGL coverage is limited to occurrences defined as accidents and/or exposure to ________________conditions.

CGL coverage is limited to occurrences defined as accidents and/or exposure to harmful conditions.

Exclusions under Part D Physical Damage include all BUT which of the following? (a) Awnings or cabanas used for additional living facilities. (b) Radar detectors. (c) Camper bodies shown on the Declarations Page. (d) Trailers not shown on the Declarations Page.

Camper bodies shown on the Declarations Page are covered under Part D Physical Damage coverage.

An insurer can put an insured on notice of cancellation within 10 days for which reason? (a) Sex. (b) Occupation. (c) Marital Status. (d) Non-payment of premium.

Cancellations for non-payment of premium require a 10 day notice.

This coverage protects the legal liability of the insured for claims for damaged baggage or cargo: (a) Airport and Air Meet Liability. (b) Product Liability. (c) Medical Payments. (d) Cargo Liability.

Cargo Liability coverage protects the legal liability of the insured for claims for damaged baggage or cargo.

The 4 Cs of surety underwriting are: (a) Character, capital, capacity, and collateral. (b) Character, corporate, capacity, and collateral. (c) Character, capital, chartered, and collateral. (d) None of the above.

Character, capital, capacity, and collateral.

Childcare is not excluded under Section II- Liability of the Homeowners policy if no ________________ is involved or if undertaken for a family member.

Childcare is not excluded under Section II- Liability of the Homeowners policy if no compensation is involved or if undertaken for a family member.

Chris was permanently injured in an auto accident by the negligence of Melanie. Chris's injuries are valued at $1,000,000. Chris has PIP and has recovered his full $10,000 limit, and he has $100,000 per person and $300,000 per occurrence UM coverage. Melanie has a liability insurance policy with limits of 50,000/100,000/$50,000. How much is Chris' UM recovery? (a) $10,000. (b) $40,000. (c) $100,000. (d) $300,000.

Chris' UMBI recovery is $100,000.

The sale or replacement of a policy or policies to generate commissions to the insurer or its agent; and does not benefit the insured.

Churning is considered unfair and deceptive; involves the sale or replacement of a policy or policies to generate commissions to the insurer or its agent; and does not benefit the insured.

An insured's ability to maintain their Citizens agent of choice was enacted into law by this Florida statute.

Citizens Choice statute

Claims expenses are part of the liability limits in the Lawyers Professional Liability coverage form not in ______________to them.

Claims expenses are part of the liability limits in the Lawyers Professional Liability coverage form not in addition to them.

Clark Civic, your Homeowners insured, has a policy with $250,000 of Dwelling Coverage. He has suffered a $150,000 loss. At the time of loss his home's value was $300,000. If an 80% coinsurance clause applies what dollar amount will Clark recover for his loss?

Clark will recover $150,000 for his loss.

Roof connectors eligible for mitigation credits.

Clips and Straps

Your insured has had a one vehicle accident with the roadbed. Which coverage is the physical damage to the insured's vehicle covered by? (a) Other Than Collision. (b) Specified Perils. (c) Collision. (d) None of the above.

Collision covers a collision with the roadbed.

Your insured is in involved in a multi-vehicle accident. Which coverage is the physical damage to the insured's vehicle covered by? (a) Other Than Collision. (b) Specified Perils. (c) Collision. (d) None of the above.

Collision covers all collisions with another vehicle or object.

This coverage covers upset and/or overturn with another vehicle or object: (a) Other Than Collision. (b) Specified Perils. (c) Open Perils. (d) Collision.

Collision covers an insured vehicle for its upset or overturn with another vehicle or object.

Your insured has had a one vehicle accident with a tree. Which coverage is the physical damage to the insured's vehicle covered by? (a) Other Than Collision. (b) Specified Perils. (c) Collision. (d) None of the above.

Collision covers an insured vehicle for its upset or overturn with another vehicle or object.

The Commercial Coverage Form insures buildings in the course of construction including: foundations; fixtures and machinery.

Commercial Builders Risk

Commercial Inland Marine Annual Transit coverage: (a) Covers the shipper or receiver of goods against loss to goods in transit. (b) Covers the shipper of singular shipments of goods against loss to goods in transit. (c) Covers the carrier for loss to domestic shipments in transit. (d) Covers the shipper for all risks against loss to property sent by registered mail, first class mail, certified mail or express mail.

Commercial Inland Marine Annual Transit covers the shipper or receiver of goods against loss to goods in transit.

Which has broader coverage "Specified Causes of Loss" or "Comprehensive" coverage in the BAP.

Comprehensive

Your commercial insured has struck a light pole in a one vehicle accident which resulted in a broken windshield. What type of physical damage claim will he be filing?

Comprehensive

On the PAP declarations page there is no premium amount showing besides the coverages of Comprehensive and Collision. What does this mean? (a) Comprehensive and Collision are free when Liability coverages are elected. (b) Comprehensive and Collision premiums are included in the total premium even if they are not listed on the declarations page. (c) Comprehensive and Collision have not been purchased by the insured and are not included in the policy. (d) None of the above.

Comprehensive and Collision have not been purchased by the insured and are not included in the policy.

Your commercial insured has struck a dog in a one vehicle accident which resulted in several thousand dollars of damage to her vehicle. What type of physical damage claim will she be filing?

Comprehensive claim

Comprehensive coverage covers all losses not considered a Collision except that which is ______________.

Comprehensive coverage covers all losses not considered a Collision except that which is specifically EXCLUDED.

This Health Insurance coverage continuation provision permits non-renewal for reasons specifically stated; no other reasons can apply.

Conditionally Renewable

Your insured is inquiring to purchase a policy for a condo unit they are planning to lease to a third party. Which policy form should the policy be written on.

Condo policies are written on the HO6 policy form.

Which bond guarantees the Principal's undertakings as trustee in preservation of property other than estates of decedents? (a) Probate Bond. (b) Conservation Bond. (c) Insolvency Bond. (d) Court Bonds.

Conservation Bond.

Which bond is used to secure the actions of receivers and trustees in their conservation of assets and protection of creditors? (a) Probate Bond. (b) Conservation Bond. (c) Insolvency Bond. (d) Court Bonds.

Conservation Bond.

Construction elements must be documented by a _______________construction professional for wind mitigation credits to apply.

Construction elements must be documented by a licensed construction professional for wind mitigation credits to apply.

Which of the following is considered a required classification of employment to be covered by Florida Workers Compensation? (a) Domestic servants in private homes. (b) State and county prisoners. (c) Construction workers. (d) Professional athletes.

Construction workers.

It would be unethical for an applicant for an insurance license to obtain a license solely to write which type of business?

Controlled Business

Controlled lines are: (a) Standardized forms have been prepared for specified classes which can be insured under the Commercial Package Policy. (b) Commercial Inland Marine coverages which are not standardized. (c) Both A & B. (d) Neither A or B.

Controlled lines are standardized forms which have been prepared for specified classes and can be insured under the Commercial Package Policy.

Which bond is furnished by plaintiffs and defendants in litigation to protect the opposing party from loss in the event the principal fails to show a legal entitlement to the remedy sought? (a) Probate Bond. (b) Conservation Bond. (c) Insolvency Bond. (d) Court Bonds.

Court Bonds.

Coverage A Dwelling in the Homeowners policy covers building and structures; and ________________ materials adjacent to the premises.

Coverage A Dwelling in the Homeowners policy covers building and structures; and construction materials adjacent to the premises.

You are explaining CGL coverages with your insured. Beginning with Coverage A you tell him that the policy covers -

Coverage A covers Bodily Injury and Property Damage.

Under Coverage A of the CGL the insuring agreement states the insurer will pay damages for _____________ Damage and ______________ Injury.

Coverage A's insuring agreement states the insurer will pay for damages of Property Damage and Bodily Injury.

Coverage B Other Structures in the Homeowners policy covers private structures on the residence premises that are not ______________ to the main dwelling.

Coverage B Other Structures in the Homeowners policy covers private structures on the residence premises that are not attached to the main dwelling.

You are explaining CGL coverages with your insured. You tell her that Coverage B covers -

Coverage B covers Bodily Injury and Property Damage

Your Homeowners insured's fence has been blown down. Which coverage is the fence covered under.

Coverage B of the Homeowners policy would cover the insured's fence.

You are explaining CGL coverages with your insured, Becky Johnson. You tell Becky that Coverage C covers -

Coverage C covers Medical Payments

By listing the Loss Payee on the PAP's Declarations page the Loss Payee is jointly paid with the insured for losses incurred under Coverage? (a) Coverage A. (b) Coverage B. (c) Coverage C. (d) Coverage D.

Coverage D - Damage to Your Auto.

Your Homeowners insured has had a fire at her home which has rendered the home unfit for living in. This coverage will provide temporary housing expense and ancillary cost coverage.

Coverage D - Loss of Use

Coverage E - Liability of the Homeowners policy indemnifies the insured from legal liability from personal activities ___________.

Coverage E - Liability of the Homeowners policy indemnifies the insured from legal liability from personal activities anywhere.

Section II of the Homeowners policy.

Coverage E Liability

Coverage E of the Homeowners policy protects the insured from ___________ ____________ for bodily injury to other and property damage to others property.

Coverage E of the Homeowners policy protects the insured from legal liability for bodily injury to other and property damage to others property.

Coverage F - Medical Payments to Others of the Homeowners policy pays for medical and other related expenses for third party injuries incurred through the insured's personal activities without regard to ______________ ________________.

Coverage F - Medical Payments to Others of the Homeowners policy pays for medical and other related expenses for third party injuries incurred through the insured's personal activities without regard to legal liability.

In the Farm Policy, silos, barns, and fences are covered under which coverage?

Coverage G - Other Farm Structures

Your insured has suffered a loss compensable by the Crime policy form. The insured has a "Loss Sustained" form and is reporting a loss which occurred prior to the inception of the current policy. There has been continuous coverage by the insured. Will his claim be paid? (a) Yes, because the "Loss Sustained" Crime coverage form will cover a loss which occurred prior to its inception if: (a) reported during the policy term; and (b) there was no interruption between the previous policy term and the current policy. (b) No, because the "Loss Sustained" coverage form only covers losses that occur during the policy period. (c) Yes, because the "Loss Sustained" coverage form covers any loss whenever it occurred and/or was reported. (d) None of the above

Coverage exists, because the "Loss Sustained" Crime coverage form will cover a loss which occurred prior to its inception if: reported during the policy term; and there was no interruption between the previous policy term and the current policy.

The insured has a Crime policy form and has suffered a forgery loss. Is this loss covered? (a) Covered. (b) Not Covered.

Covered as the Crime policy covers against loss by forgery.

Crime coverage "Computer Fraud" covers: (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.

Crime coverage "Computer Fraud" covers worldwide coverage of loss of money, securities and other property by use of a computer to fraudulently convert assets.

Crime coverage "Money Orders And Counterfeit Paper Currency" covers: (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.

Crime coverage "Money Orders And Counterfeit Paper Currency" covers loss resulting from receiving payment with counterfeit currency or money orders.

Which endorsement covers liability for the insured's paid farming operations for another farm's operation.

Custom Farming Endorsement covers liability for the insured's paid farming operations for another farm's operation.

Which bond is used to guarantee the Principal's activities associated with importing and exporting? (a) Public Official Bond. (b) Self-Insurance Bond. (c) Blue Sky Bond. (d) Customs Bond.

Customs Bond.

The Dwelling Policy with the least amount of coverage is the: (a) DP-1. (b) DP-2. (c) DP-3. (d) DP-4.

DP-1

You have the following insureds in your agency: Magnificent Maids: maid services in private homes. Jessup State Prison: state prisoners manufacturing license plates. The Dallas Cowboys football team. Dan's Drywall and Paint: artisan contractor doing renovation. Which, if any, of the following are required to carry Workers Compensation? (a) Magnificent Maids. (b) Jessup State Prison. (c) Dallas Cowboys. (d) Dan's Drywall and Paint.

Dan's Drywall and Paint is required to carry Workers Compensation.

The dissemination of information which is false AND dissemination of information which is calculated to injure a third party.

Defamation

Dan was permanently injured in an auto accident by the negligence of Cynthia. Dan's injuries are valued at $250,000. Dan has PIP with a $500 deductible and has recovered $9,500 from PIP. He has UM coverage of $50,000/$100,000. Cynthia has a liability insurance policy with limits of 10,000/20,000/$10,000. How much is Dan's UM recovery? (a) $9,500. (b) $10,000. (c) $230,500. (d) 250,000.

Dan's UMBI recovery is $230,500.

Staci was permanently injured in an auto accident by the negligence of Jan. Staci's injuries are valued at $1,000,000. Staci has PIP with a $0 deductible and has recovered $10,000 from PIP. She has UM coverage of $250,000/$500,000. Jan has a liability insurance policy with limits of 100,000/300,000/$50,000. How much is Dan's UM recovery? (a) $100,000. (b) $250,000. (c) $500,000. (d) $1,000,000.

Dan's UMBI recovery is $250,000.

Your Trucking insured, Bob's Truck and Trailer, has hired a truck and trailer out to Henry's Heavenly Haulers to deliver a load of hay to a Purdeu Chicken farm. After the delivery Bob has headed back to his ranch to take a few days of R&R. What term describes Bob's travels back to his residence?

Deadheading

Defamation includes libel and slander; dissemination information which is false; and dissemination of information which is calculated to _________ a third party.

Defamation includes libel and slander; dissemination information which is false; and dissemination of information which is calculated to injure a third party.

Under the Section III of the BAP insuring agreement, the company agrees to pay for ______ and _______ loss.

Direct and Accidental

This Health insurance provision increases policy payout to double the death benefit for a stated number of fortuitous events.

Double Indemnity

BAP endorsement for employees who don't personally own a vehicle.

Drive Other Car Coverage

During the first ___ days of a new policy an insurer may cancel for any reason EXCEPT discrimination. (a) 10. (b) 20. (c) 45. (d) 60.

During the first 60 days of a new policy an insurer may cancel for any reason EXCEPT discrimination.

ERISA has a "_______ clause" which sets apart for the states all rights not reserved under ERISA.

ERISA has a "SAVINGS CLAUSE" which sets apart for the states all rights not reserved under ERISA.

BOP Eligibility: Apartment houses and residential condominium association buildings.

Eligible; apartment houses and residential condominium association buildings are BOP eligible.

BOP Eligibility: Trade contractors.

Eligible; trade contractors are eligible if they meet all of the other BOP criteria.

Greg Dello, the manager of Green Eggs and Ham, has concluded that one of his employees has staged an injury to file a Workers Compensation claim. What is the time frame for the employer to contest a Workers Compensation claim under Florida law? Employers can contest a Florida WC claim by filing notice within ___ days after injury. (a) Employers can contest a Florida WC claim by filing a notice within 21 days after the date of injury. (b) Employers can contest a Florida WC claim by filing a notice within 30 days after the date of injury. (c) Employers can contest a Florida WC claim by filing a notice within 60 days after the date of injury. (d) Employers can contest a Florida WC claim by filing a notice within 365 days after the date of injury.

Employers can contest a Florida WC claim by filing a notice within 21 days after the date of injury.

Employment Related Practices Liability covers those who are _____________ liable.

Employment Related Practices Liability covers those who are vicariously liable.

Employment Related Practices Liability excludes sexual ______________and retaliatory action against whistle blowers.

Employment Related Practices Liability excludes sexual harassment and retaliatory action against whistle blowers.

Employment Related Practices Liability excludes sexual harassment of perpetrators and covers retaliatory action against whistle blowers.

Employment Related Practices Liability excludes sexual harassment of perpetrators and covers retaliatory action against ___________ ___________.

Employment Related Practices Liability includes a single limit of insurance which includes BOTH damages and ______________ ________________

Employment Related Practices Liability includes a single limit of insurance which includes BOTH damages and defense expenses.

Employment Related Practices Liability offers a ___ years extended reporting period by endorsement.

Employment Related Practices Liability offers a three (3) year extended reporting period by endorsement.

Employment Related Practices Liability offers ____ years of extended reporting period by endorsement.

Employment Related Practices Liability offers three (3) years of extended reporting period by endorsement.

You have written a BOP for your agency's CPA. The insured does not have any commercial vehicles but does have an exposure to automobile related losses to employees driving to the post office and office supply store. How can you cover this exposure under the BOP?

Endorse the policy with Hired and Non-Owned Automobile Liability endorsement.

Loss by force is described by which peril? (a) Perils of the Seas. (b) War. (c) Fire. (d) Enemies.

Enemies is the correct answer.

Every General Lines Agent transacting any insurance policy must maintain in his or her office, or have readily accessible by electronic or photographic means, such _____________of policies transacted by him or her.

Every General Lines Agent transacting any insurance policy must maintain in his or her office, or have readily accessible by electronic or photographic means, such records of policies transacted by him or her.

This Boiler and Machinery coverage extension provides reimbursement for expenses necessary to mitigate loss and expedite repairs: (a) Expediting Expenses. (b) Automatic Coverage. (c) Defense. (d) Supplementary Payments.

Expediting Expenses provide reimbursement for expenses necessary to mitigate loss and expedite repairs.

Which Business Income coverage option extends coverage up to 730 days of Additional Coverage beyond the 30-day extended period.

Extended Period of Indemnity

True or False? An insured with unstacked UM coverage is injured by an uninsured motorists. The insured is only entitled to the UMBI coverage for the vehicle she was occupying.

False.

This Crime coverage endorsement covers all types of property when surrendered due to threat of bodily harm: (a) Extortion. (b) Funds Transfer Fraud. (c) Safe Depository. (d) Guest Property.

Extortion. The Crime coverage "Extortion" endorsement covers all types of property when surrendered due to threat of bodily harm.

Stands for "Free Along Side"; assignment of responsibility to seller for all cost and risk until delivery along side and within reach of the loading tackle of an overseas vessel. (a) F.O.B. (b) C.I.F. (c) C.F. (d) F.A.S.

F.A.S. stands for "Free Along Side"; assignment of responsibility to seller for all cost and risk until delivery along side and within reach of the loading tackle of an overseas vessel.

Stands for Free on Board assignment of responsibility for cargo to buyer once cargo reach the designated contracted point of delivery: (a) F.O.B. (b) C.I.F. (c) C.F. (d) F.A.S.

F.O.B. stands for Free on Board assignment of responsibility for cargo to buyer once cargo reach the designated contracted point of delivery.

The residual market for individuals who cannot obtain automobile insurance in the private - competitive market.

FAJUA

FAJUA eligibliy requires a non-resident to have a vehicle ______________in Florida.

FAJUA eligibliy requires a non-resident to have a vehicle registered in Florida.

FIGA assessments are capped at ___% of a company's net direct premium and an additional ___% for emergency assessments for hurricanes.

FIGA assessments are capped at 2% of a company's net direct premium and an additional 2% for emergency assessments for hurricanes.

FIGA is a statutorily created association that pays certain outstanding claims of __________ insurance companies.

FIGA is a statutorily created association that pays certain outstanding claims of INVOLVENT insurance companies.

What does FIGA stand for?

FIGA stands for Florida Insurance Guaranty Association.

True or False? Fraud only applies to the filing of insurance claims.

False

True or False? Vehicles on the Business Auto Policy are designated using an "alphabetical" nomenclature.

False

True or False? You as a general agent may hire and license a customer representative who shall be a salaried employee. You may pay the customer representative commissions primarily based on the production of applications, insurance, or premiums.

False

True of False? The Extra Expense Coverage Form has a 96 hour waiting period.

False, the Extra Expense Coverage Form does not have a waiting period.

True or False: Suretyship and Insurance are identical in every way as regards "securitization".

False.

True or False? A Supply Contract Bond guarantees the Principal's installation of contracted streets, sidewalks, sewers, streetlights and other infrastructure in a subdivision.

False.

True or False? In the CGL "Personal Injury" covers bodily injury for oral or written libel, slander, or defamation; publication resulting in an invasion of privacy; misappropriation of advertising ideas or style; and infringement of copyright, title, or slogan.

False. In the CGL "Personal Injury" covers claims against the insured for oral or written libel, slander, or defamation; publication resulting in an invasion of privacy; misappropriation of advertising ideas or style; and infringement of copyright, title, or slogan.

True of False? Ocean Marine Liability covers injuries onboard the insured ship

False. Ocean Marine Liability covers a collision with another ship.

True of False? The Crime Form is written on an "stated perils" cause of loss form.

False. The Crime Form is written on an "open perils" cause of loss form.

True or False? The Crime form is primary over any other recoverable insurance.

False. The Crime form is EXCESS over any other recoverable insurance.

True of False? The Crime policy is primary over any other recoverable insurance.

False. The Crime policy is EXCESS over any other recoverable insurance.

True of False? The death benefit in a Florida Workers Compensation policy pays up to $75,000 for actual funeral expenses.

False. The death benefit in a Florida Workers Compensation policy pays up to $7,500 for actual funeral expenses.

True of False? The three parties to Suretyship are: Pinnacles, Responsiblees, and Surety.

False. The three parties to Suretyship are the Principal, Obligee, and the Surety.

True or False? F.S. 627.7288 mandates a $50 deductible in the adjustment of all glass claims.

False. There is no state required mandatory deductible for a glass claim.

True of False? Workers Compensation is rated per $1,000 of payroll per class.

False. Workers Compensation is rated per $100 of payroll per class.

True or False? Workers Compensation rating is based on an employer's gross revenue.

False. Workers Compensation rating is based on an employer's gross revenue.

True of False? "Bodily Injury" means physical injury to or loss of use of tangible property.

False. "Property Damage" means physical injury to or loss of use of tangible property.

True of False? A "domestic" insurer is one formed under the laws of any state, district, territory, or commonwealth of the United States other than this state.

False. A "domestic" insurer is one formed under the laws of Florida.

True or False? A "foreign" insurer is one formed under the laws of the state the agent resides in.

False. A "foreign" insurer is one formed under the laws of any state, district, territory, or commonwealth of the United States other than Florida.

True or False? A Customer Representative does not need to clarify to the insuring public whether or not he or she is a General Lines Agent or a Customer Representative.

False. A Customer Representative has a responsibility to clarify to the insuring public whether or not he or she is a General Lines Agent or a Customer Representative.

True or False? You may require a customer representative to engage in the transacting of insurance outside of your office.

False. A customer representative MAY NOT engage in the transacting of insurance outside of the office or organizational setting.

True or False? There are times a sales agent may need to use coercion to "move" the sales process along; this is referred to as a hard selling.

False. Coercion should never, never, never be used in the sales process.

True or False? Eligible insureds under the PAP include corporations and partnerships?

False. Corporations and partnerships are not eligible for a Personal Auto Policy.

True or False? Excess liability and Umbrella coverage are for large organizations only.

False. Excess liability and Umbrella coverage are for any size organization.

True of False? It is ethical to engage in unfair competition; unfair or deceptive acts; or unfair practices as long as it results in a sale.

False. False. False.

True of False? Farm Liability includes liability for pollutants and injury to farm employees.

False. Farm Liability excludes liability for pollutants and injury to farm employees.

True or False? Because the NFIP is a government program all communities are automatically eligible for the NFIP.

False. Federal Flood Insurance is only available in "eligible" communities.

True or False? Florida law does not address Unfair Trade Practices or Acts.

False. Florida law DOES address Unfair Trade Practices or Acts.

True or False? Florida law requires General Lines Agents to be licensed but not agencies.

False. Florida law requires General Lines Agents and agencies to be licensed.

True or False? Florida statute encourage rebating and no conditions apply.

False. Florida statutes prohibit rebating without conditions.

True or False? Property & Casualty policies have "grace periods" but Health Insurance policies do not.

False. Health policies have "grace periods" but Property & Casualty policies do not.

True or False? Mechanical Breakdown Insurance policy terms typically cover new cars up to 100,000 miles or three years for new cars.

False. Mechanical Breakdown Insurance policy terms typically cover new cars up to 36,000 miles or thirty-six months.

True or False? Medicare Supplement Insurance provides coverage for the gaps, deductibles, exclusions, and coinsurance in Federal Medicaid.

False. Medicare Supplement Insurance provides coverage for the gaps, deductibles, exclusions, and coinsurance in Federal Medicare.

True or False? Mercantile, wholesalers, service, and processing risks are ineligible for the BOP.

False. Mercantile, wholesalers, service, and processing risks ARE ELIGIBLE for the BOP

In the CGL BERP covers?

In the CGL BERP covers gaps caused by cancelled or non-renewed policies.

True or False? Most insurance related needs are met by private insurance companies offering insurance products in a competitive insurance marketplace commonly referred to as the "residual market".

False. Most insurance related needs are met by private insurance companies offering insurance products in a competitive insurance marketplace commonly referred to as the "standard market".

True or False? On average rates in rural areas are higher than rates in urban areas.

False. On average rates in rural areas are NOT HIGHER than rates in urban areas.

True or False? Radar detectors are covered under Part D of the PAP if they are scheduled.

False. Radar detectors ARE NOT covered under Part D of the PAP if they are scheduled.

True or False? Residential property insurers may file loss mitigation credits with the OIR at the insurers discretion.

False. Residential property insurers must file loss mitigation credits with the OIR.

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

False. The FWCJUA was created by the state of Florida as a market of last resort for Florida's employers.

True or False? Residential property insurers may file loss mitigation credits with the OIR at the insurers discretion.

False. The OIR requires all insurance companies to file Wind Mitigation credits.

True or False? The Special Form Cause of Loss form insures on a "stated perils" basis.

False. The Special Form Cause of Loss form insures on a "open perils" basis.

True or False? The gross vehicle weight eligible under the PAP is 20,000 pounds?

False. The gross vehicle weight eligible under the PAP is 10,000 pounds?

True or False? The naming of a Loss Payee on the PAP Declarations ensures: claims payments under Coverage D will be paid to the named insured only.

False. The naming of a Loss Payee on the PAP Declarations ensures: claims payments under Coverage D will be paid to the named insured and the loss payee.

True or False? There are no elimination periods in the Disability Income policy.

False. There are definitely elimination periods in the DI policy.

True or False? Towing and Labor is an included coverage for all policies which carry Other Than Collision and Collision coverage.

False. Towing and Labor IS NOT included coverage for all policies which carry Other Than Collision and Collision coverage.

True of False? Twisting is permitted by law but Sliding is considered an unfair practice.

False. Twisting and Sliding are unlawful and not considered fair practices.

True or False? The garaging territory is not a rating factor in the BAP.

False. garaging territory is a rating factor in the BAP.

True or False? Part E of the PAP requires the insured to retain legal council and precludes the insured from having any future losses.

False; Part E of the PAP DOES NOT REQUIRE the insured to retain legal council and precludes the insured from having any future losses.

Can the Homeowners policy cover farm or farming exposures? (a) No, farm and farming exposures are explicitly excluded. (b) Farm exposures are excluded BUT the Homeowners policy can be used to cover incidental non-commercial farming. (c) Yes, the Homeowners policy explicitly covers commercial and incidental farming. (d) Farm exposures are not address in the Homeowners policy.

Farm exposures are excluded BUT the Homeowners policy can be used to cover incidental non-commercial farming.

The Florida Financial Responsibility Law can be satisfied by all BUT which of the following? (a) Auto liability limits of 10/20/10. (b) Qualified self-insurer for 10/20/10 limits. (c) Carrying PIP/PD. (d) Cash bond guaranteeing 10/20/10 limits.

Florida Financial Responsibility Law cannot be satisfied by the insured carrying just PIP and PD coverage. The Florida Financial Responsibility Law can be satisfied by carrying liability limits of 10/20/10; qualifying as a self-insurer with 10/20/10 limits; OR carrying a cash bond guaranteeing 10/20/10 limits.

Florida Statute requires policies which provide RCV to pay the full RCV without holdback for __________________ notwithstanding the repair or replacement of damaged property.

Florida Statute requires policies which provide RCV to pay the full RCV without holdback for depreciation notwithstanding the repair or replacement of damaged property.

Florida Statutes (F.S. 627.67 1-675) requires Medicare Supplement Insurance to be returnable within ___days of purchase for full premium refund.

Florida Statutes (F.S. 627.67 1-675) requires Medicare Supplement Insurance to be returnable within 30 days of purchase for full premium refund.

Florida Statutes require Homeowners Insurance Companies to pay full replacement cost regardless of repair or replacement if the policy has replacement cost as the _____________ _____________.

Florida Statutes require Homeowners Insurance Companies to pay full replacement cost regardless of repair or replacement if the policy has replacement cost as the valuation method.

Greg Billingsworth a salesman for Granger Electric has been injured in an automobile accident while on a sales call just over the Georgia state line. Are his injuries compensable under Florida's Workers Compensation laws? (a) Yes, Florida employees are covered if injured outside of the state of Florida. (b) No, Florida Workers Compensation policies only cover injures incurred in the state of Florida. (c) No, Mr. Billingsworth's injures are compensable under the companies Business Auto policy solely. (d) No, Mr. Billingsworth's injures are compensable under his own PIP coverage solely.

Florida employees are covered if injured outside of the state of Florida.

Florida law recalls how many days notice of non-renewal. (a) 30. (b) 45. (c) 60. (d) 75.

Florida law recalls 45 days notice of non-renewal.

Florida law recalls how many days notice of non-renewal. (a) 30. (b) 45. (c) 60. (d) 75.

Florida law recalls how many 45 days notice of non-renewal.

Florida law requires ___ days of notice for cancellation due to non-payment of premium.

Florida law requires 10 days of notice for cancellation due to non-payment of premium.

Florida law requires ___ days of notice for non-renewal of a Homeowners policy.

Florida law requires 120 days of notice for non-renewal of a Homeowners policy.

Florida law requires ___ days of notice of renewal for a Homeowners policy. (a) 10. (b) 30. (c) 45. (d) 100.

Florida law requires 45 days of notice of renewal for a Homeowners policy.

For a convenience store to be eligible for a BOP gasoline sales must be less than ___% of total annual gross sales.

For a convenience store to be eligible for a BOP gasoline sales must be less than 75% of total annual gross sales.

This Crime primary insuring agreement covers loss by forgery or alteration of negotiable instruments, such as checks, drafts, promissory notes or similar instruments drawn by or drawn upon the named insured: (a) Inside The Premises- Theft of Money and Securities. (b) Computer Fraud. (c) Money Orders And Counterfeit Paper Currency. (d) Forgery or Alteration.

Forgery or Alteration is the correct answer.

Which bond is used like a license or permit bond when a governmental body awards a franchise to a utility? (a) License Bond. (b) Indemnity Bond. (c) Permit Bond. (d) Franchise Bond.

Franchise Bond.

The Ocean Marine clause which states that the parties with damaged property must bear 100% of the loss for accidental losses caused by stated perils is: (a) General Average Clause. (b) Free of Particular Average. (c) Sue and Labor. (d) Actual Total Loss.

Free of Particular Average is the correct answer.

The insuring agreement for Garage Liability states: "We will pay all sums an 'insured' legally must pay as damages because of 'bodily injury' or 'property damage' to which this insurance applies caused by an 'accident' and resulting from '__________ _______________'.

Garage Operations

Betty Blander of Blander's Auto Beauties has asked if her Garage Policy provides coverage for completed operation?

Garage Policy provides coverage for completed operations

Randall Rusty has suffered a temporary total disability in the course and scope of his employment at Tarzan's Toy Emporium when a shelving unit containing toy trains fell on him. How will he be compensated for his loss of wages? (a) He will paid 33 1/3% of his average weekly wages for up to 52 weeks. (b) He will paid 33 1/3% of his average weekly wages for up to 104 weeks. (c) He will paid 66 2/3% of his average weekly wages for up to 52 weeks. (d) He will paid 66 2/3% of his average weekly wages for up to 104 weeks.

He will paid 66 2/3% of his average weekly wages for up to 104 weeks.

Health Maintenance Organizations focus on: (a) The bottom line. (b) Preventative activity. (c) Both A & B. (d) Neither A or B.

Health Maintenance Organizations focus on preventative activity.

Roof shape with roof lines continuously on all sides of the building and are eligible for discounts.

Hip Roof

Which bond is used to indemnify a governmental body for liability imputed to it by the negligence of the Principal? (a) License Bond. (b) Indemnity Bond. (c) Permit Bond. (d) Franchise Bond.

Indemnity Bond.

Homeowners insureds must be offered the option to purchase hurricane deductibles.

Homeowners insureds must be offered the option to purchase hurricane deductibles of: $500, 2%, 5%, 10% or higher.

Hospital Indemnity Insurance is a ________ to other insurance.

Hospital Indemnity Insurance is a supplement to other insurance.

Hospital Indemnity Insurance pays a _____ amount per day for hospitalization regardless of expenses or other insurance.

Hospital Indemnity Insurance pays a flat amount per day for hospitalization regardless of expenses or other insurance.

Hospitalization Expense Insurance pays for all BUT which of the following? (a) Room and board in the hospital. (b) Nursing care. (c) Prescription Drugs. (d) Operating room.

Hospitalization Expense Insurance does not pay for Prescription Drugs.

Hospitalization Expense Insurance pays for all BUT which of the following? (a) Room and board in the hospital. (b) Nursing care. (c) Laboratory fees. (d) Vision and Dental.

Hospitalization Expense Insurance does not pay for Vision or Dental.

The Bureau of Specialty Insurers monitors all BUT which of the following? (a) Hours of operation. (b) Quality of company assets. (c) Market conduct. (d) Licensing.

Hours of operation.

___________ is a contract whereby one undertakes to indemnify another or pay or allow a specified amount or a determinable benefit upon determinable contingencies.

INSURANCE is a contract whereby one undertakes to indemnify another or pay or allow a specified amount or a determinable benefit upon determinable contingencies.

An insured's employee was injured at work while under the influence of illegal drugs. How will the employee's Workers Compensation claim be handled? (a) Illegal drug use is a bar to an employee's claim for Workers Compensation benefits. (b) The claim will be handled as any other claim as long as the employee was on the insured employer's premises. (c) The law does not address: Illegal drug use, intoxication, or intentional acts. (d) The claim will be handled as any other claim as long as the employee was in the course and scope of the employer's business.

Illegal drug use is a bar (EXCLUDES ANY RECOVERY BY THE EMPLOYEE) to an employee's claim for Workers Compensation benefits.

True or False? In the Commercial Property coverage form "Debris Removal" is covered up to ___% of the amount of the covered loss for debris removal.

In the Commercial Property coverage form "Debris Removal" is covered up to 25% of the amount of the covered loss for debris removal.

In the DP-1 policy ___% of the Coverage A limit may be applied to Other Structures.

In the DP-1 policy 10% of the Coverage A limit may be applied to Other Structures.

In the Dwelling Program Coverage D reimburses the insured for __________ ____________ _________ of the insured property.

In the Dwelling Program Coverage D reimburses the insured for fair rental value of the insured property.

In the Dwelling Program Open Perils covers all direct physical loss but for which things are _________.

In the Dwelling Program Open Perils covers all direct physical loss but for which things are EXCLUDED.

In the Federal Flood Insurance Program FIRM stands for?

In the Federal Flood Insurance Program FIRM stands for: Flood Insurance Rate Map

In the Flood Insurance Dwelling policy detached garages are covered up to ___% of the dwelling limit.

In the Flood Insurance Dwelling policy detached garages are covered up to 10% of the dwelling limit.

In the Homeowners Insurance policy an insured must put the insurer on notice within ____ days to collect on a Replacement Cost Basis if the property that is damaged is subject to depreciation.

In the Homeowners Insurance policy an insured must put the insurer on notice within 180 days to collect on a Replacement Cost Basis if the property that is damaged is subject to depreciation.

In the Homeowners policy Section II provides _______ coverage at the insured residence and for the personal activities of the insured.

In the Homeowners policy Section II provides Liability coverage at the insured residence and for the personal activities of the insured.

In the Homeowners policy hurricane deductibles apply on an _______________ basis rather than a per occurrence basis.

In the Homeowners policy hurricane deductibles apply on an annual basis rather than a per occurrence basis.

In the Personal Inland Marine policy coverage for Fine Arts excludes property on ________________ away from the insured premise.

In the Personal Inland Marine policy coverage for Fine Arts excludes property on exhibition away from the insured premise.

In the Personal Inland Marine policy there is a ____ limit for unscheduled coin collections.

In the Personal Inland Marine policy there is a $1,000 limit for unscheduled coin collections.

The Small Business Boiler and Machinery Broad Form: (a) Spoilage Coverage can be endorsed. (b) Spoilage Coverage cannot be endorsed. (c) Spoilage Coverage is included in the base policy. (d) Is not address in the policy or by endorsement.

In the Small Business Boiler and Machinery Broad Form:Spoilage Coverage can be endorsed.

Surety may require an _________, a party who agrees to reimburse on behalf of the Principal if a loss occurs. (a) Issuance. (b) Indemnitor. (c) Obliquee. (d) Assuree.

Indemnitor is the correct answer. Surety may require an Indemnitor, a party who agrees to reimburse on behalf of the Principal if a loss occurs.

In the CGL the party responsible to pay policy premiums and the party who receives any return or refundable premium?

It is the first named insured who must pay premiums and is also the party who receives any return or refundable premium.

Section II - Liability coverage of the Homeowners Insurance policy is predicated upon the ________________ of an insured.

Liability Coverage is predicated upon the negligence of an insured.

Jackie Joomer is employed by Florida's Best Jellies and Jams. She has been trained to wear protective eye gear and has signed an affidavit in the company's employee handbook stating she understands, agrees, and will comply with all safety rules and regulations. While operating on the line Jackie has been blinded by a peach seed which has been projected out of a pitting machine. Can Jackie file a compensable claim under Florida's Workers' Compensation laws? (a) Yes but there may be a 10% reduction for her recovery for willful refusal to utilize safety equipment or obey safety rules. (b) Yes but there may be a 25% reduction for her recovery for willful refusal to utilize safety equipment or obey safety rules. (c) Yes but there may be a 33 1/3% reduction for her recovery for willful refusal to utilize safety equipment or obey safety rules. (d) Yes but there may be a 50% reduction for her recovery for willful refusal to utilize safety equipment or obey safety rules.

Jackie Joomer may file a claim but there may be a 25% reduction for her recovery for willful refusal to utilize safety equipment or obey safety rules.

Janet Swift, your Homeowners insured, has a policy with $250,000 of Dwelling Coverage. She has suffered a $50,000 loss. At the time of loss her home's value was $500,000. If an 80% coinsurance clause applies what dollar amount will Janet recover for her loss?

Jane will recover $25,000 for her loss.

_______________ Form Theft may be written on an owner occupied or tenant occupied exposure.

Limited Form Theft may be written on an owner occupied or tenant occupied exposure.

Autumn Scarletti, your Homeowners insured, has a policy with $300,000 of Dwelling Coverage. She has suffered a $100,000 loss. At the time of loss her home's value was $350,000. If an 80% coinsurance clause applies what dollar amount will Janet recover for her loss?

Janet will recover $100,000 for her loss.

___________ is another tool the surety can use to protect itself from loss wherein the surety exercises joint control over assets with the principal. (a) Suretyship. (b) Obligatory. (c) Joint Control. (d) Actualization.

Joint Control is the correct answer. Joint Control is another tool the surety can use to protect itself from loss wherein the surety exercises joint control over assets with the principal.

Kathy was permanently injured in an auto accident by the negligence of Paul. Kathy's injuries are valued at $300,000. Kathy has PIP and has recovered her full $10,000 limit, and she has $300,000 of single limit UM coverage. Paul has a liability insurance policy with limits of 50,000/100,000/$50,000. How much is Kathy's UM recovery? (a) $10,000. (b) $50,000. (c) $240,000. (d) $300,000.

Kathy's UMBI recovery will be $240,000.

Keith was permanently injured in an auto accident by the negligence of Nora. Keith's injuries are valued at $20,000. Keith has PIP and has recovered his full $10,000 limit, and he has $100,000 of single limit UM coverage. Nora has a liability insurance policy with limits of 50,000/100,000/$50,000. How much is Keith's UM recovery? (a) $10,000. (b) $20,000. (c) $100,000. (d) 0.

Keith's UMBI recover will be Zero.

Keith was permanently injured in an auto accident by the negligence of Shelby. Keith's injuries are valued at $150,000. Keith has PIP with a $500 deductible and has recovered $9,500 from PIP. He has UM coverage of $50,000/$100,000. Shelby has a liability insurance policy with limits of 10,000/20,000/$10,000. How much is Keith's UM recovery? (a) $10,000. (b) $19,500. (c) $50,000. (d) None of the above.

Keith's UMBI recovery is $50,000.

Your Homeowners Insured's teenager was fooling around with the insured's motorized wheelchair. The teen unfortunately ran into the side of a BMW doing several thousand dollars of damage. How will Section II of the Homeowners policy respond? (a) Liability stemming from the use of a motorized vehicle owned by the insured to which normally is used to assist a handicapped family member is covered. (b) Liability coverage for motorized vehicles used to assist the handicapped is limited to its usage while actually being used to assist a handicapped person. (c) All motorized vehicles are excluded for Liability coverage under the Homeowners policy. (d) Florida Statute requires the Homeowners Insurer to pay for property damaging stemming from liability involving motorized equipment.

Liability coverage for motorized vehicles used to assist the handicapped is limited to its usage while actually being used to assist a handicapped person.

Liability for Watercraft under the Homeowners policy excludes: owned inboard or inboard-outboard watercraft; rented watercraft exceeding 50 horsepower; and owned or rented sailboats if ____ feet or longer.

Liability for Watercraft under the Homeowners policy excludes: owned inboard or inboard-outboard watercraft; rented watercraft exceeding 50 horsepower; and owned or rented sailboats if 26 feet or longer.

Which of the following coverages appear on the PAP declaration page? (a) Liability, Medical Payments, Uninsured Motorists, Comprehensive, and Collision. (b) Dwelling, Other Structures, Personal Property, Loss of Use, Liability, Medical Payments. (c) Dwelling, Other Structures, Personal Property, Fair Rental Value, and Additional Living Expenses. (d) None of the above.

Liability, Medical Payments, Uninsured Motorists, Comprehensive, and Collision coverages appear on the PAP declaration page.

Which bond is used to protect the general public against unlicensed contractors and unfair business practices? (a) License Bond. (b) Indemnity Bond. (c) Permit Bond. (d) Franchise Bond.

License Bond.

Which of the following IS NOT a "usage" used by ISO in the promulgation of PAP rates? (a) Pleasure. (b) Commuting. (c) Business. (d) Livery.

Livery is not a "usage" used by ISO in the promulgation of PAP rates.

In the Farm Policy the Livestock Coverage form covers:

Livestock

The insured has a Crime policy form and has suffered a loss by governmental action. Is this loss covered? (a) Covered. (b) Not Covered.

Loss by "governmental action" are not covered. .

Coverage D in the Homeowners policy.

Loss of Use

Crime coverage "Inside The Premises- Theft of Money and Securities" covers: (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.

Loss of money and securities resulting from theft, disappearance, or destruction is covered by "Inside The Premises- Theft of Money and Securities".

The Broad Form Cause of Loss EXCLUDES Collapse if caused by or to: (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.

Loss to outdoor and exterior property is excluded in the Broad Form Cause of Loss.

The Crime policy Loss Sustained Form covers: (a) Losses that both occurred and were discovered during the policy period, or within one year of its expiration. (b) Losses discovered during the policy period or within four years after its expiration are covered regardless of when the loss occurred. (c) Both A & B. (d) Neither A or B.

Losses that both occurred and were discovered during the policy period, or within one year of its expiration are covered by the Crime policy Loss Sustained Form.

Which bond guarantees the Principal's maintenance of faulty work and replacement of defective materials if required by law or contract? (a) Payment Bond. (b) Maintenance Bond. (c) Subdivision Bond. (d) None of the above.

Maintenance Bond.

Policy type which typically covers transfusions, drugs, and other medicines; and X-rays, anesthetics, nursing services.

Major Medical Insurance

Major Medical Insurance is constructed to cover what types of losses?

Major Medical Insurance is constructed to cover catastrophic losses.

Your insured has advised you that an employee tripped over their own shoe laces and broke there nose. The insured would like to file a Medical Payments claim under their CGL. How will you advise the insured?

Medical Payments coverage excludes injury to employees

Mitigation credits are available for roof coverings if the roof is installed per the _____ Florida Building Code.

Mitigation credits are available for roof coverings if the roof is installed per the 2001 Florida Building Code.

Which Business Income coverage option eliminates coinsurance but limits the coverage to 120 days (applies to extra expense and business income).

Maximum Period of Indemnity

Under Florida's Workers' Compensation laws medical maximum improvement is: (a) The starting point of recovery. (b) The middle point of recovery. (c) he total process of recovery. (d) The point of recovery or rehabilitation beyond which no further improvement is expected to be realized by the injured employee.

Maximum medial improvement is the point of recovery or rehabilitation beyond which no further improvement is expected to be realized by the injured employee.

Mechanical Breakdown Insurance policy terms typically cover used cars up to _____ miles or ___ year(s). (a) 12,000 miles and one year. (b) 24,000 miles and two years. (c) 36,000 miles and three years. (d) None of the above.

Mechanical Breakdown Insurance policy terms typically cover used cars up to 12,000 miles or 1 year(s).

Mechanical Breakdown coverage is conditioned upon? (a) Proper cleaning. (b) Proper servicing. (c) Both A and B. (d) Neither A or B.

Mechanical Breakdown coverage is conditioned upon proper cleaning and proper servicing.

Mechanical Breakdown insurance covers: (a) Radios, CBs, Phones, and other AV devices. (b) Interior components of an automobile. (c) Engines and Transmission. (d) All of the above.

Mechanical Breakdown insurance covers "Engines and Transmission". Mechanical Breakdown coverage excludes Radios, CBs, Phones, and other AV devices; AND Interior components of an automobile.

Your insured has asked what major parts are covered by Mechanical Breakdown insurance. How will you respond? (a) Engines and Transmissions. (b) Drive Axles and Steering Assemblies. (c) Both A and B. (d) Neither A or B.

Mechanical Breakdown insurance covers engines and transmissions; AND drive axles and steering assemblies.

Mechanical Breakdown insurance extends to? (a) Parts. (b) Labor. (c) Rental Reimbursement. (d) All of the above.

Mechanical Breakdown insurance extends to parts, labor, rental reimbursement.

Your insured has asked what Mechanical Breakdown Insurance covers. You advise... (a) Mechanical Breakdown provides labor from the point of disablement. (b) Mechanical Breakdown provides Towing from the point of disablement. (c) Mechanical Breakdown provides coverage against the failure of an original part. (d) Both A & B.

Mechanical Breakdown provides coverage against the failure of an original part.

Medical Payments coverage in the PAP is excluded by all BUT which of the following? (a) If the insured is struck as a pedestrian. (b) Racing or speed contest. (c) Vehicles used as residence. (d) If workers compensation benefits are payable.

Medical Payments coverage in the PAP covers the insured is struck as a pedestrian. Medical Payments coverage in the PAP is excluded by; losses during any Racing or speed contest; vehicles used as a residence; and/or losses when workers compensation benefits are payable.

Medical Payments coverage provides payment? (a) Based upon negligence. (b) If the insured is legally liable. (c) Without regard to fault or legal liability. (d) All of the above.

Medical Payments coverage provides payment WITHOUT regard to fault or legal liability.

Medical Payments is excluded by all BUT which of the following for injuries while occupying or using? (a) If the insured is struck as a pedestrian. (b) Motorized vehicle with less than four wheels. (c) If workers compensation benefits are payable. (d) Non-permissive use of a vehicle.

Medical Payments covers EXCLUDES injuries involving: motorized vehicle with less than four wheels; when workers compensation benefits are payable; of non-permissive use of a vehicle.

This coverage provides medical expenses for bodily injuries by accident irrespective of legal liability: (a) Admitted Aircraft Liability Coverage. (b) Medical Payments. (c) Aircraft Liability. (d) None of the above.

Medical Payments provides medical expenses for bodily injuries by accident irrespective of legal liability.

Florida Statutes require this insurance policy to have an easy read policy language; be returnable within 30 days of purchase for full premium refund; and provide an outline of coverage with a Medicare Supplement Buyers' Guide.

Medicare Supplement Insurance

The PAP policy territory includes all but which of the following? (a) United States. (b) Mexico. (c) Puerto Rico. (d) Canada.

Mexico is not a PAP policy territory. The PAP policy territory includes: the United States, Puerto Rico, and Canada.

Your insured has suffered a mechanical breakdown to his transmission. To be compensated he must do all BUT which of the following? (a) Cooperate with the insurer. (b) Submit a proof of loss. (c) Mitigate inspection prior to loss. (d) Permit inspection by the insurer.

Mitigate inspection prior to loss is not a requirement. To be compensated for his Mechanical Breakdown to his transmission he must: cooperate with the insurer; submit a proof of loss; and permit inspection by the insurer.

In the Farm Policy which coverage covers mobile equipment?

Mobile Agricultural Machinery and Equipment coverage from

This Crime primary insuring agreement covers loss resulting from receiving payment with counterfeit currency or money orders, (a) Inside The Premises- Theft of Money and Securities. (b) Computer Fraud. (c) Money Orders And Counterfeit Paper Currency. (d) Forgery or Alteration.

Money Orders And Counterfeit Paper Currency covers loss resulting from receiving payment with counterfeit currency or money orders.

Your insured has a Dwelling Policy with the Broad Form Theft endorsement and want to know how much coverage he will have for money. What amount is covered?

Money is covered up to $200

This Business Income coverage option eliminates coinsurance but limits the recoverable amount during any 30 day period to a pre-selected fraction of the policy limit.

Monthly Limit of Indemnity

Carter Ken has been injured in the course and scope of his employment while operating a motor vehicle. The other motorists has been determined to be responsible for Mr. Ken's injuries. Is Mr. Ken's only remedy the Workers Compensation provided by his employer? (a) Mr. Ken's sole remedy is his company's Workers Compensation insurance. (b) Mr. Ken can collect under his company's Workers Compensation OR he can make a claim against the responsible motorists. (c) Mr. Ken must make a claim against his own automobile insurance company under his PIP. (d) Mr. Ken can collect against both his company's Workers Compensation and the responsible motorists.

Mr. Ken can collect under his company's Workers Compensation OR he can make a claim against the responsible motorists.

Mr. Brown, your CGL insured, is a sole proprietor and wants to know how the CGL policy's language addresses coverage for his spouse. You advise Mr. Brown...

Mrs Brown is "covered".... if the named insured is an sole proprietor, partnership or joint venture the CGL defines an insured to include spouses.

Under Florida's Workers' Compensation laws penalties for non-compliance include: (a) Business is guilty of third-degree misdemeanor. (b) Business can be put on probation. (c) Both A and B. (d) Neither A or B.

Neither A or B are correct. Under Florida's Workers' Compensation laws penalties for non-compliance include: business is guilty of second-degree misdemeanor; the business can be shut down; or up to a $1,000 fine per day.

Other Than Collision covered perils include? (a) Wear and Tear. (b) Inherent Vice. (c) Both A & B. (d) Neither A or B.

Neither A or B is the correct answer as Other Than Collision coverage specifically excludes wear and tear; and inherent vice.

By listing the Loss Payee on the PAP's Declarations page. (a) The Loss Payee is solely paid for losses incurred under Coverage D. (b) The Loss Payee's collateral is not protected. (c) Both A & B. (d) Neither A or B.

Neither A or B.

The Crime policy values: (a) Securities at their face value. (b) Other property at its face value. (c) Both A and B. (d) Neither A or B.

Neither A or B.

The Florida Financial Responsibility Law can be satisfied by which of the following? (a) Auto liability limits of $10,000 PIP and $10,000 PD. (b) Qualified self-insurer for $10,000 PIP and $10,000 PD. (c) Both A & B. (d) Neither A or B.

Neither A or B. The Florida Financial Responsibility Law can be satisfied if the insured carries liability limits of 10/20/10 or is a qualified self-insurer for 10/20/10 limits.

Cindy of Cindy's Salads, Soups and Sandwiches is the sole officer of her company and she has exempted herself from Workers Compensation with Florida's Department of Labor. Cindy was driving to the bank when she was severely injured in an automobile accident. Can she file a compensable claim with her company's Workers Compensation policy? (a) Yes, if she pays herself income in the form of wages. (b) Yes, if the company has more than three employees. (c) No, she has exempted herself from the Workers Compensation system.Additional Expediting Expense Endorsement. (d) No, she was injured in an auto accident which is compensable under a commercial auto policy.

No claim can be filed as Cindy has exempted herself from the Workers Compensation system.

Art Brown, your Personal Inland Marine insured, has suffered a theft loss to an insured painting at an art exhibit away from the insured premises. How will the policy respond? (a) No coverage as property on exhibition away from the insured premises is specifically excluded. (b) The policy will pay less the "exhibit" deductible. (c) The policy will not pay more than the exhibit amount listed in schedule D. (d) None of the above.

No coverage as property on exhibition away from the insured premises is specifically excluded.

Klassic Kars, your Garage Policy insured, has filed a claim under Section III Garagekeeps, in which the insured has agreed to a "contractual liability"; is this exposure covered?

No coverage for this claim as contractual liability exposures are excluded in the Garage Policy.

An accident has occurred at an insured business. The accident was significant and was the proximate cause of death of the injured employee. The death took place three years after the accident. Is there a death benefit due the decedent's family? (a) Yes, because the death occurred within 3 years of accident. (b) Yes, because the death occurred within 5 years of accident. (c) No, because the death occurred after 1 year of the accident date. (d) There is no time element associated with the compensable death benefit in the Workers; Compensation policy as long as the accident occurred within the course and scope of the employment

No, because the death occurred after 1 year of the accident date; the death benefit applies only if death occurs within 1 year of the injury or illness.

Your insured owns a boat with an inboard/outboard motor which is 25 feet long. Will Section II - Liability of the Homeowners policy provide coverage for the insured's legal liability while operating the watercraft? (a) Yes, as it is under 26 feet. (b) Yes, as it is under 30 feet. (c) Yes, as it is under 45 feet. (d) No, watercraft liability is excluded under Section II of the Homeowners policy for an owned watercraft with an inboard/outboard motor.

No, watercraft liability is excluded under Section II of the Homeowners policy for an owned watercraft with an inboard/outboard motor.

Salon Salon is a hip and chic salon owned by Jimmy, Janey, and Joey Jackson. Salon Salon is a new salon which has only been opened for six months. The salon employees two full-time stylist in addition to the owners. The owners have exempted themselves for the purposes of Workers Compensation. Is Salon Salon required to carry Workers Compensation? (a) Yes, there are a total of five employees exceeding the states requirement of four or more employees. (b) Yes, the owners may be exempt but Salon Salon employees more than two employees. (c) No, there remains a total of two employees after excluding the three owners. (d) No, employees of salons are exempt from inclusion in the Workers Compensation law.

No. There remains a total of two employees after excluding the three owners.

This Health Insurance coverage continuation provision states the policy is renewable to a stated attained age of the insured (i.e. 65) - premiums cannot be increased by age or class.

Non-Cancellable provision

Under the No Fault law all BUT which of the following are defined as an owner? (a) Debtor in possession. (b) Lessee. (c) Non-permissive user. (d) Holder of legal title.

Non-permissive users ARE NOT defined as owners under Florida's No-Fault law.

Florida law recalls how many days notice of non-renewal? (a) 30. (b) 60. (c) 90. (d) None of the above.

None of the above is the correct answer as Florida law recalls 45 days notice of non-renewal?

Basic, Broad, and Special Form Causes of Loss EXCLUDE? (a) Fire. (b) Lightning. (c) Explosion. (d) None of the above.

None of the above is the correct answer. Basic, Broad, and Special Form Causes of Loss all include the perils of fire, lightning, and explosion.

Major Medical Insurance typically covers: (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.

None of the above.

Klassic Kars, your Garage Policy insured, has filed a claim under Section III Garagekeeps, for a loss in which the insured's employees have been found to be responsible for the theft of a customers 1968 Ford Shelby Mustang; is this exposure covered?

Not Covered! Theft or conversion by the insured, the insured's employees or shareholders is specifically excluded.

BOP Eligibility: Auto repair or service stations.

Not eligible; auto repair and service stations are not BOP eligible.

BOP Eligiblity: Bars, pubs, and places of amusement.

Not eligible; bars, publs and places of amusement are not BOP eligible.

BOP Eligibility: Office buildings ten stories high containing under 500,000 square feet of area.

Not eligible; office buildings must be six or fewer stories high and contain no more than 100,000 square feet of area.

An insured has come to the office to file a claim. She expresses concern that the legal fees defending her will probably consume all of her policy limits. You tell her... (a) She is right and her limit will probably be consumed by defense cost. (b) Not to worry because the PAP's liability coverage includes a defense for her up to her policy limits. (c) If her defense cost consumer her auto policy limits she can file a liability claim under her Homeowners policy also. (d) None of the above.

Not to worry because the PAP's liability coverage includes a defense for her up to her policy limits.

This health insurance provision states how a lapsed policy may be reactivated.

Reinstatement Provision

Ocean Marine Freight Coverage... (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.

Ocean Marine "Freight Coverage" covers financial loss by vessel owner if freight charges are not paid.

Ocean Marine Cargo coverage is written on... (a) Single Risk Form. (b) Multiple Form. (c) Both A & B. (d) Neither A or B.

Ocean Marine Cargo coverage is written on the Single Risk Form.

Ocean Marine Hull Coverage... (a) Covers for loss of or damage to the vessel by: fire, lightning, earthquake, assailing thieves, "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.

Ocean Marine Hull Coverage covers for loss of or damage to the vessel by: fire, lightning, earthquake, assailing thieves, "perils of the seas," jettisons, barratry of the master or mariners and "all other like perils".

Ocean Marine Liability covers... (a) Collision with another ship. (b) Property damage to any other property. (c) Both A & B. (d) Neither A or B.

Ocean Marine Liability covers a collision with another ship.

On the PAP's declarations page what does the inception date tell us? (a) When a policy begins. (b) When a policy ends. (c) The number of days in the policy. (d) The number of months in the policy.

On the PAP's declarations page what does the inception date tell us WHEN A POLICY BEGINS.

This Health Insurance coverage continuation provision states the policy is not cancellable during the term but can be non-renewed at expiration.

Optionally Renewable

All of the following are EXCLUDED for BI and PD claims in the CGL EXCEPT: (a) Recall. (b) Delay. (c) Pollution. (d) Ordinary Negligence.

Ordinary Negligence is of course covered. Product recall, delay in performance, and pollution are all EXCLUDED by the CGL.

"Other Coverages" in the DP1 policy provides Other Structures coverage up to ____ of Coverage A.

Other Coverages in the DP1 policy provides Other Structures coverage up to 10% of Coverage A.

Other Than Collision coverage covers all non-Collision losses except? (a) Specifically Excluded. (b) Included. (c) Defined. (d) None of the above.

Other Than Collision coverage covers all non-Collision losses except those specifically excluded.

Other Than Collision covered perils include? (a) Theft. (b) Hail. (c) Both A & B. (d) Neither A or B.

Other Than Collision covered perils include both the peril of theft and hail.

Other Than Collision covered perils include? (a) War. (b) Civil Commotion. (c) Vandalism. (d) Both B & C.

Other Than Collision covered perils include civil commotion and vandalism BUT exclude loss as a result of "war".

Collision covers losses for upset or impact with another vehicle or object AND Other Than Collision covers? (a) The PAP does not have an "Other Than Collision" coverage. (b) All direct and accidental loss not covered by Collision coverage. (c) The perils of Fire and Theft only. (d) Loss of use of the vehicle for $30 per day.

Other Than Collision covers all direct and accidental loss not covered by Collision coverage.

Your insured has struck a mailbox in a one vehicle accident which resulted in a broken windshield. What type of physical damage claim will he be filing? (a) Special. (b) Other Than Collision. (c) Collision. (d) Mailbox.

Other Than Collision.

Outdoor property is covered up to $_____ in the BOP.

Outdoor property is covered up to $2,500 in the BOP.

PAP Medical Payments are payments for necessary medical and funeral expenses rendered within ____ years from the date of accident? (a) 1. (b) 2. (c) 3. (d) None of the above.

PAP Medical Payments are payments for necessary medical and funeral expenses rendered within 3 years from the date of accident?

PAP rating usage categories includes all BUT which of the following? (a) Pleasure. (b) Business. (c) Commuting. (d) Educational.

PAP rating usage categories include: pleasure, business, and commuting.

Service providers organized by physicians and hospitals who contract with an insurance company who offers their services via a negotiated scheduled contract.

PPOs

This Miscellaneous Medical Professions professional liability coverage form is defined as an act or omission related to clinical-pathological exams and X-ray services.

PS&D for Medical or X-Ray Laboratories

Part Two Employers Liability pays for: (a) Claims by employees for injuries subject to a workers compensation law. (b) Claims by others for the liabilities to insured's employees. (c) Both A & B. (d) Neither A or B.

Part Two Employers Liability pays for: claims by others for the liabilities to insured's employees.

Aircraft Liability provides coverage for bodily injury, property damage, and _________. (a) Personal Injury. (b) Passenger Liability. (c) Airport Liability. (d) None of the above.

Passenger Liability is the correct answer. Aircraft Liability provides coverage for bodily injury, property damage, and Passenger Liability.

Which bond guarantees all labor and materials used on the job will be paid for by the Principal at or before the completion of the job? (a) Payment Bond. (b) Maintenance Bond. (c) Subdivision Bond. (d) None of the above.

Payment Bond.

Which Commercial Property policy Optional Endorsement, covers peak season spikes in inventory levels as a stated amount.

Peak Season

Wind, waves, collision, stranding, sinking, and other water related accidents describes... (a) Jettison. (b) Barratry. (c) All Other Like Perils. (d) Perils of the Seas.

Perils of the Seas include Wind, waves, collision, stranding, sinking, and other water related accidents.

Which bond is used to permit the Principal to undertake events which are not continuous activities? (a) License Bond. (b) Indemnity Bond. (c) Permit Bond. (d) Franchise Bond.

Permit Bond.

The FAJUA offers: (a) Personal Auto coverage. (b) Wind coverage of structures. (c) Residential Property Insurance. (d) Workers Compensation.

Personal Auto coverage

A Homeowners insured has asked you how they can protect themselves against claims for libel and slander. What endorsement should you sell them?

Personal Injury Liability endorsement

Endorsement which protects the insured's legal liability for libel, slander, and defamation.

Personal Injury Liability endorsement

Which CGL coverage covers injury other than bodily injury for oral or written libel, slander, or defamation?

Personal Injury covers injury other than bodily injury for oral or written libel, slander, or defamation.

Personal Liability can be written on a _________-alone policy or as part of a Dwelling Policy.

Personal Liability can be written on a stand-alone policy or as part of a Dwelling Policy.

Homeowners policy endorsement changes Coverage C's loss provision to Replacement Cost Value.

Personal Property Replacement Cost endorsement changes Coverage C's loss provision to Replacement Cost Value.

Personal non business activities are covered in Section II Liability of the Homeowners policy at the insured residence and anywhere in the ___________.

Personal non business activities are covered in Section II Liability of the Homeowners policy at the insured residence and anywhere in the world.

Physical Damage coverage that applies to a non-owned auto is the ________ coverage applicable to any "your covered auto" in the Declarations and is excess over any other collectible insurance. (a) Broadest. (b) Most limited. (c) Excess. (d) No coverage in the PAP for non-owned autos.

Physical Damage coverage that applies to a non-owned auto is the BROADEST coverage applicable to any "your covered auto" in the Declarations and is excess over any other collectible insurance.

Policy reimburses an insured for non-surgical care provided by a physician

Physicians Coverage

Physicians, Surgeons and Dentist professional liability insurance covers legal liability resulting from "___________ ______________".

Physicians, Surgeons and Dentist professional liability insurance covers legal liability resulting from "medical incidents".

Your insured, Otis, has been found guilty of driving under the influence of alcohol and has pierced Florida's Financial Responsibility law. What can Otis do to satisfy Florida's Financial Responsibility law? (a) Post a bond in the amount of $150,000. (b) Post a bond in the amount of $250,000. (c) Post a bond in the amount of $350,000. (d) None of the above.

Post a bond in the amount of $350,000. Effective October 1, 2007, persons found guilty of driving under the influence (DUI) must purchase limits of 100/300/50 or post a bond in the amount of $350,000 for a minimum period of three years.

ERISA's language states that the federally mandated ERISA laws supersedes state laws, this is known as?

Preemption

In Suretyship the surety has recourse against the non-performer also know as the ___________. (a) Obligee. (b) Principal. (c) Surety. (d) None of the above.

Principal is the correct answer. In Suretyship the surety has recourse against the non-performer also know as the PRINCIPAL.

In Suretyship the surety has recourse against the non-performer also know as the ___________. (a) Obligee. (b) Principal. (c) Surety. (d) None of the above.

Principal.

Suretyship's three parties are: (a) Principals, Responsiblees, Surety. (b) Pinnacles, Responsiblees, Surety. (c) Principals, Obligees, Surety. (d) Principals, Responsiblees, Surety.

Principals, Obligees, Surety.

Which bond is designed for those who administer estates of deceased persons? (a) Probate Bond. (b) Conservation Bond. (c) Insolvency Bond. (d) Court Bonds.

Probate Bond.

This coverage protects the legal liability of the insured claims against manufacturers, sales, or repair organizations attributable to defective work or products: (a) Airport and Air Meet Liability. (b) Product Liability. (c) Medical Payments. (d) Cargo Liability.

Product Liability coverage protects the legal liability of the insured claims against manufacturers, sales, or repair organizations attributable to defective work or products.

Which policy form provides a monoline form solely for the Products/Completed Operation's exposure.

Products/Completed Operations Coverage Form

This PAP definition means: physical injury to or loss of use of tangible property. (a) Bodily Injury. (b) Property Damage. (c) Personal Injury. (d) Tangible Property.

Property Damage means physical injury to or loss of use of tangible property.

Which of the following is not typically a "credit" or "discount" in the PAP? (a) Good Student. (b) Multi-car. (c) Radar Detection Unit. (d) Anti-theft Device.

Radar Detection Unit.

All BUT one of the following is an underlying reason for the creation of residual markets: (a) Uninsurable exposures. (b) Undesirable underwriting characteristic. (c) Catastrophic nature of exposure. (d) Redlining.

Redlining is not a reason for residual markets.

Which Commercial Property policy Optional Coverage will pay for replacement of new building and personal property. Insured has 180 days to replace and notify insurer of replacement.

Replacement Cost endorsement

The Citizens HO-3 policy has endorsements for: (a) Home day care. (b) Personal injury. (c) Scheduled personal property. (d) Replacement cost on contents.

Replacement Cost on Contents

Under Section II of the Homeowners Insurance policy all BUT which of the following is an "insured location"? (a) Newly acquired residences. (b) Cemetery plots. (c) Owned vacant land. (d) Residence premises not described in the Declarations.

Residence premises not described in the Declarations.

Residual Markets are intended to be: (a) Markets of first resort. (b) Markets of last resort. (c) Buyers markets. (d) Sellers markets.

Residual Markets are intended to be markets of last resort

Retroactive dates in the "claims-made" CGL policy form can be the same as inception and can be a specified _________date.

Retroactive dates in the "claims-made" CGL policy form can be the same as inception and can be a specified earlier date.

Roof Decks attached with 6d common nails at six inch intervals along the panel edges and 12 inch intervals in the field _____ _____ eligible for mitigation credits.

Roof Decks attached with 6d common nails at six inch intervals along the panel edges and 12 inch intervals in the field ARE NOT eligible for mitigation credits.

Roof Decks attached with 8d common nails at six inch intervals along the panel edges and 12 inch intervals in the field: (a) Are eligible for mitigation credits. (b) Not eligible for mitigation credits.

Roof Decks attached with 8d common nails at six inch intervals along the panel edges and 12 inch intervals in the field ARE eligible for mitigation credits.

Which bond is used to guarantee the Principal's compliance with an insurance requirement? (a) Public Official Bond. (b) Self-Insurance Bond. (c) Blue Sky Bond. (d) Customs Bond.

Self-Insurance Bond.

Roof Decks attached with 8d common nails at six inch intervals along the panel edges and six inch intervals in the field ______ eligible for mitigation credits.

Roof Decks attached with 8d common nails at six inch intervals along the panel edges and six inch intervals in the field ARE ELIGIBLE eligible for mitigation credits.

Exclusions in the Boiler and Machinery include all BUT which of the following? (a) Depletion and Deterioration. (b) Corrosion and Erosion. (c) Rupture and Collapse. (d) Wear and Tear.

Rupture and Collapse are covered accidents in the Boiler and Machinery policy.

This Crime coverage endorsement covers the named insured's legal liability as a safe depository for others property: (a) Extortion. (b) Funds Transfer Fraud. (c) Safe Depository. (d) Guest Property.

Safe Depository is the correct answer. The "Safe Depository" endorsement covers the named insured's legal liability as a safe depository for others property.

Sarah Saddle purchased a PIP/PD policy from your agency 20 days ago. 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) All of the above.

Sarah can cancel the policy if the insured vehicle is totally destroyed; the insured vehicle is sold; or he has purchased replacement coverage.

Seals Croft suffered $12,000 of non permanent injuries in an accident that was Madonna Sinatra's fault. Madonna did not carry any insurance on her vehicle. Seals has recovered for his medical expenses and lost wages under his PIP and 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.

Seals cannot collect against his UM coverage.

Your insured owns a sailboat which is 25 feet long. Will Section II - Liability of the Homeowners policy provide coverage for the insured's legal liability while operating the watercraft? (a) Yes, as it is under 26 feet. (b) Yes, as it is under 30 feet. (c) Yes, as it is under 45 feet. (d) No, watercraft liability is excluded under Section II of the Homeowners policy.

Section II - Liability of the Homeowners policy will provide coverage as the watercraft is under 26 feet.

Section II Liability of the Garage Policy does not apply to: (a) Negligence. (b) Employee injuries. (c) Both A & B. (d) Neither A or B.

Section II Liability of the Garage Policy does not apply to "employee injuries.

What BAP Section covers Collision, Comprehensive, or Specified Perils?

Section III Physical Damage covers Collision, Comprehensive, or Specified Perils.

All of the following apply to the Division of Agents & Agencies Services EXCEPT? (a) Investigate charges of unethical conduct. (b) Issue agent licenses. (c) Set insurance rates. (d) Supervision of insurance claims activity.

Set insurance rates.

Shirley Timple purchased a PIP/PD policy from your agency 61 days ago. 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 her intention to cancel.

Shirley can place the insurer on formal written notice of her intention to cancel. She has held the policy longer than 60 days so she only needs to put the company on formal written notice.

Which Commercial Inland Marine policy covers loss to fluorescent, automatic or mechanical electrical signs? (a) Installment Sales Floater. (b) Signs Form. (c) Electronic Data Processing Insurance. (d) Floor Plan Form.

Signs Form covers loss to fluorescent, automatic or mechanical electrical signs.

Which of the following are eligible for a Citizens Property Insurance policy: (a) Hotels and motels. (b) Condemned risk. (c) Vacant or unoccupied properties. (d) Single family homes.

Single family homes are eligible for Citizens' Property Insurance coverage.

Which of the following are eligible for a Citizen's Property Insurance policy? (a) Single family homes. (b) Condo unit owners. (c) Mobile Homes. (d) All of the above.

Single family homes, condo unit owners, and mobile homes are all eligible for coverage with Citizens Property Insurance Corporation.

Representing to the applicant that a specific ancillary coverage or product is required by law in conjunction with the purchase of insurance when such coverage or product is not required.

Sliding

_______________ is charging an applicant for a specific add-on coverage or product without the applicant's informed consent

Sliding is charging an applicant for a specific add-on coverage or product without the applicant's informed consent

The CGL provides coverage to an individual's spouse if the insured is legally organized as ______________ or __________________. if they are insured to be all BUT which of the following.

Sole Proprietors and Partnerships

Specific classes of property can be covered in an Inland Marine policy or _____________ in a Homeowners policy.

Specific classes of property can be covered in an Inland Marine policy or scheduled in a Homeowners policy.

Symbol 27 in the Garage Policy

Specifically Described Autos

Stacked UM coverage means? (a) Coverage limits for two or more vehicles are added together. (b) UM deductibles are waived. (c) Both A & B. (d) None of the above.

Stacked UM coverage means coverage limits for two or more vehicles are added together.

This type of excess liability provides coverage in excess of underlying limits but does not apply the same conditions, provisions, or exclusions as the underlying policy?

Stand alone excess liability provides coverage in excess of underlying limits but does not apply the same conditions, provisions, or exclusions as the underlying policy

Which bond guarantees the Principal's installation of contracted streets, sidewalks, sewers, streetlights and other infrastructure in a subdivision? (a) Payment Bond. (b) Maintenance Bond. (c) Subdivision Bond. (d) None of the above.

Subdivision Bond.

Policy covers fees of physicians for performing surgery; and the policy lists covered surgical procedures in a schedule with applicable dollar amounts of coverage.

Surgical Expense policy

Your insured advises you they wish to have liability coverage for the use of any auto. Which symbol do you use for this blanket coverage?

Symbol 1

Your insured advises you they wish to have liability coverage for all autos they own and they tell you that they change vehicles frequently throughout the year. Which symbol do you use for this flexible coverage?

Symbol 2

Taylor Rental and Repair advises you they wish to have liability coverage for "any auto". Which symbol do you use for this blanket coverage?

Symbol 21

Acme Garage advises you they wish to have liability coverage for all autos they own and they tell you that they change vehicles frequently throughout the year. Which symbol do you use for this flexible coverage?

Symbol 22

Your insured advises you they wish to have liability coverage for all autos they own. The 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?

Symbol 23

Your insured advises you they wish to have liability coverage for all autos they own. The 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?

Symbol 3

Greg's Garage and Auto Emporium customarily services, repairs, stores, parks, and otherwise attends customer's automobiles in the normal course and scope of their operations. What symbol must be used to ensure the insurance company will "pay those sums that the insured legally must pay"?

Symbol 30

Which symbol is used in Section III Garagekeepers of the Garage Policy declarations for comprehensive, collision, or specified causes of loss?

Symbol 30

Mrs. Brown has contacted to ask how much coverage her Homeowner's policy has for 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.

Tell Mrs. Brown that the basic policy covers up to $2,500 for theft of firearms.

This Boiler and Machinery endorsement increases the $25,000 limit of Expediting Expense to a defined higher limit. (a) Limited Coverage Endorsement. (b) Actual Cash Endorsement. (c) Additional Expediting Expense Endorsement. (d) Water Damage Endorsement.

The "Additional Expediting Expense Endorsement" increases the $25,000 limit of Expediting Expense to a defined higher limit.

The "Completed Operations" liability exposure covered under the CGL covers: legal liabilities associated with work performed by the insured and after ________________ of the work.

The "Completed Operations" liability exposure covered under the CGL covers: legal liabilities associated with work performed by the insured and after completion of the work.

This Boiler and Machinery coverage extension provides a defense for the insured by the insurer for claims or suits arising out of covered occurrences. (a) Expediting Expenses. (b) Automatic Coverage. (c) Defense. (d) Supplementary Payments.

The "Defense" coverage extension provides a defense for the insured by the insurer for claims or suits arising out of covered occurrences.

The "Premises and Operations" liability exposure covered under the CGL covers: legal liabilities associated with the ownership, use, occupancy, possession, and control of the _____________ _________________and ________________.

The "Premises and Operations" liability exposure covered under the CGL covers: legal liabilities associated with the ownership, use, occupancy, possession, and control of the insured premises and operations.

The "Products Liability" liability exposure covered under the CGL covers: legal liability associated with the sale, distribution, and manufacture of unsafe and dangerous _______________.

The "Products Liability" liability exposure covered under the CGL covers: legal liability associated with the sale, distribution, and manufacture of unsafe and dangerous products.

The "_____________ _____________" cause of loss in the Personal Articles Floater covers direct physical damage unless excluded.

The "open perils" cause of loss in the Personal Articles Floater covers direct physical damage unless excluded.

The "other insurance" condition in the CGL states all policies not defined as Excess are _______________.

The "other insurance" condition in the CGL states all policies not defined as Excess are Primary.

The "other insurance" condition in the CGL states: all policies not defined as Excess are Primary; claims made forms are excess over any policy that is not claims-made; and if permitted by "each" policy on equal shares then... _____________ _______________.

The "other insurance" condition in the CGL states: all policies not defined as Excess are Primary; claims made forms are excess over any policy that is not claims-made; and if permitted by "each" policy on equal shares then... equal share.

This Boiler and Machinery endorsement is available to change loss settlement conditions from a replacement cost to an ACV basis. (a) Limited Coverage Endorsement. (b) Actual Cash Endorsement. (c) Additional Expediting Expense Endorsement. (d) Water Damage Endorsement.

The Actual Cash Endorsement changes the loss settlement conditions from a replacement cost to an ACV basis.

The BOP is written on an __________ perils basis.

The BOP is written on an Open perils basis.

The BOP provides a $ _____ coverage limit for off premises loss not including money and securities, valuable papers, and accounts receivable.

The BOP provides a $5,000 coverage limit for off premises loss not including money and securities, valuable papers, and accounts receivable.

The BOP provides a 30 day automatic coverage limit of $_________ per Buildings/$________ Business Personal Property at newly acquired locations.

The BOP provides a 30 day automatic coverage limit of $250,000 per Buildings/$100,000 Business Personal Property at newly acquired locations.

The BOP will cover an office or office condo association if the buildings are not over ______ stories high and do not exceed _____ square feet.

The BOP will cover an office or office condo association if the buildings are not over six (6) stories high and does not exceed 100,000 square feet.

The BOP's Additional Coverages provides $_____ for Money Orders and Counterfeit Paper Currency

The BOP's Additional Coverages provides $,1000 for Money Orders and Counterfeit Paper Currency.

The BOP's Additional Coverages provides $_____ for Pollutant Clean Up and Removal.

The BOP's Additional Coverages provides $10,000 for Pollutant Clean Up and Removal.

The BOP's Additional Coverages provides $_____ for Fire Department Service Charges.

The BOP's Additional Coverages provides $2,500 for Fire Department Service Charges.

The BOP's Additional Coverages provides $_____ for Forgery or Alteration.

The BOP's Additional Coverages provides $2,500 for Forgery or Alteration.

Which BOP's coverage covers damage caused by an insured to a premises rented to the insured?

The BOP's Fire Legal Liability coverage covers damage caused by an insured to a premises rented to the insured.

The Basic Extended Reporting Period (BERP) provides an _______________ beyond the policy term for the reporting of a claim.

The Basic Extended Reporting Period (BERP) provides an extension beyond the policy term for the reporting of a claim.

This Boiler and Machinery endorsement provides excess coverage over any other liability available insurance: (a) Limited Coverage Endorsement. (b) Ammonia Contamination Endorsements. (c) Bodily Injury Liability Endorsement. (d) Consequential Damage Endorsement.

The Bodily Injury Liability Endorsement provides excess coverage over any other liability available insurance.

The Business Owners Policy covers up to $__________ for Valuable Papers and Records.

The Business Owners Policy covers up to $10,000 for Valuable Papers and Records.

Your Homeowners insured has just started a business and intends to operate a home office to "run the business". What endorsement can be used to cover this home office exposure?

The Business Pursuits endorsement can be used to cover his home office.

Which CGL coverage covers injury publication resulting in an invasion of privacy; misappropriation of advertising ideas or style; and infringement of copyright, title, or slogan.

The CGL "Advertising Injury" covers injury publication resulting in an invasion of privacy; misappropriation of advertising ideas or style; and infringement of copyright, title, or slogan.

The CGL has the same claims _____________for Coverage A Bodily Injury and Property Damage AND Coverage B Personal and Advertising Injury.

The CGL has the same claims triggers for Coverage A Bodily Injury and Property Damage AND Coverage B Personal and Advertising Injury.

The CGL includes a common policy condition for inspection and surveys at the company's ______________.

The CGL includes a common policy condition for inspection and surveys at the company's discretion.

The CGL includes a common policy condition to audit an insured's books during the policy period and for a period up to ________ years.

The CGL includes a common policy condition to audit an insured's books during the policy period and for a period up to three (3) years.

The CGL states that a policy coverage is primary unless the insured has other available liability insurance which also states it is _______________.

The CGL states that a policy coverage is primary unless the insured has other available liability insurance which also states it is primary.

The CGL states that a policy coverage is primary unless the policy is a claims made policy and any and all other available policies are on an _________________ basis.

The CGL states that a policy coverage is primary unless the policy is a claims made policy and any and all other available policies are on an occurrence basis.

The CGL's Coverage C Medical Payments coverage is a _____ or nonlegal liability coverage. (a) Voluntary. (b) Involuntary. (c) Necessary. (d) Liability.

The CGL's Coverage C Medical Payments coverage is a voluntary or nonlegal liability coverage.

Which CGL coverage covers members of the public who are injured because of the insured's operations irrespective of legal liability .

The CGL's Coverage C Medical Payments covers members of the public who are injured because of the insured's operations Irrespective of legal liability .

The CGL's Coverage C Medical Payments covers members of the public who are injured on or next to the insured's owned or rented premises and because of the insured's ______________.

The CGL's Coverage C Medical Payments covers members of the public who are injured on or next to the insured's owned or rented premises and because of the insured's operations.

The CGL's Coverage C Medical Payments requires the claim to be incurred and reported within ____ year of the date of accident.

The CGL's Coverage C Medical Payments requires the claim to be incurred and reported within one (1) year of the date of accident.

The CGL's Supplemental Extended Reporting Period must be requested in writing with ____ days after policy expiration:

The CGL's Supplemental Extended Reporting Period must be requested in writing with sixty (60) days after policy expiration.

The CGL's Supplemental Extended Reporting Period must be requested in writing with ____ days after policy expiration.

The CGL's Supplemental Extended Reporting Period must be requested in writing with sixty (60) days after policy expiration:

The CGL's Supplemental Payments provide up to $250 per day for _____________ ___ _______________ for time taken off of work in the investigation or defense of an insured's claim.

The CGL's Supplemental Payments provide up to $250 per day for loss of earning for time taken off of work in the investigation or defense of an insured's claim.

Shelby Tassitino, your CGL insured, is a sole proprietor and wants to know how the CGL policy's language addresses coverage for her estate if she were to fortuitously expire. You advise Shelby...

The CGL's language provides that the legal custodian of the business becomes the insured for the purposes of winding down the business.

The Claims Made CGL policy form applies only to Bodily Injury or Property Damage claims which occur on or AFTER the "______________ date ".

The Claims Made CGL policy form applies only to Bodily Injury or Property Damage claims which occur on or AFTER the "______________ date ".

The Commercial Inland Marine Motor Truck Cargo coverage: (a) Covers the shipper's truck. (b) Covers the shipper of singular shipments of goods against loss to goods in transit. (c) Covers the carrier for loss to domestic shipments in transit. (d) Covers the shipper for all risks against loss to property sent by registered mail, first class mail, certified mail or express mail.

The Commercial Inland Marine Motor Truck Cargo covers the carrier for loss to domestic shipments in transit.

The Commercial Property Insurance "Vacancy" condition suspends coverage if the insured building is vacant for ___ or more consecutive days prior to loss.

The Commercial Property Insurance "Vacancy" condition suspends coverage if the insured building is vacant for 60 or more consecutive days prior to loss.

This Boiler and Machinery endorsement covers spoilage loss from lack of power, light, heat, steam or refrigeration, caused by an accident to a covered object: (a) Limited Coverage Endorsement. (b) Ammonia Contamination Endorsements. (c) Bodily Injury Liability Endorsement. (d) Consequential Damage Endorsement.

The Consequential Damage Endorsement covers spoilage loss from lack of power, light, heat, steam or refrigeration, caused by an accident to a covered object.

Crime coverage "Employee Theft" covers: (a) Loss by forgery or alteration of negotiable instruments, such as checks, drafts, promissory notes or similar instruments drawn by or drawn upon the named insured. (b) Loss of or damage to money, securities, and other property resulting from theft committed by an employee. (c) Loss of money, securities, and property outside the premises in the care, custody and control of a messenger or armored car. (d) None of the above.

The Crime coverage "Employee Theft" covers loss of or damage to money, securities, and other property resulting from theft committed by an employee.

Crime coverage Forgery or Alteration covers: (a) Loss by forgery or alteration of negotiable instruments, such as checks, drafts, promissory notes or similar instruments drawn by or drawn upon the named insured. (b) Loss of or damage to money, securities, and other property resulting from theft committed by an employee. (c) Loss of money, securities, and property outside the premises in the care, custody and control of a messenger or armored car. (d) None of the above.

The Crime coverage "Forgery or Alteration" covers loss by forgery or alteration of negotiable instruments, such as checks, drafts, promissory notes or similar instruments drawn by or drawn upon the named insured.

Crime coverage "Outside The Premises" covers: (a) Loss by forgery or alteration of negotiable instruments, such as checks, drafts, promissory notes or similar instruments drawn by or drawn upon the named insured. (b) Loss of or damage to money, securities, and other property resulting from theft committed by an employee. (c) Loss of money, securities, and property outside the premises in the care, custody and control of a messenger or armored car. (d) None of the above.

The Crime coverage "Outside The Premises" covers Loss of money, securities, and property outside the premises in the care, custody and control of a messenger or armored car.

The Crime form's valuation is: (a) RCV only. (b) ACV. (c) RCV or the Cost to repair. (d) None of the above.

The Crime form's valuation is RCV or the Cost to repair.

The Crime policy Discovery Form covers: (a) Losses that both occurred and were discovered during the policy period, or within four years of its expiration. (b) Losses discovered during the policy period or within 60 days after its expiration are covered regardless of when the loss occurred. (c) Both A & B. (d) Neither A or B.

The Crime policy Discovery Form covers losses discovered during the policy period or within 60 days after its expiration are covered regardless of when the loss occurred.

The insured has incurred extraordinary expenses with the use of a public adjuster and seeks compensation for those expenses in their Crime claim. Will the Crime policy form pay for those expenses? (a) Yes, if they are reasonable. (b) Yes, they are specifically covered by the Crime policy form. (c) No, as the Crime policy form specifically excludes cost incurred to establish the amount of loss. (d) None of the above.

The Crime policy form specifically excludes cost incurred to establish the amount of loss.

The Crime policy values: (a) Money at its face value. (b) Securities at their face value. (c) Other property at its face value. (d) All of the above.

The Crime policy values money at its face value.

Your insured has suffered a compensable Crime loss with the cost to repair less than the replacement cost of the stolen property. How will the policy respond? (a) The policy will pay Actual Cash Value. (b) The policy will pay Replacement Cost Value. (c) The policy will pay the lesser of Replacement Cost Value or the cost to repair. (d) None of the above.

The Crime policy will pay the lesser of Replacement Cost Value or the cost to repair.

Which Farm endorsement covers the insured's liability arising from the insured's performance of farming operations for another for a charge under any contract or agreement?

The Custom Farming Endorsement covers the insured's liability arising from the insured's performance of farming operations for another for a charge under any contract or agreement.

The Customer Representative is ELIGIBLE to receive ______________ as compensation if the performance based compensation is not greater than half of the total compensation.

The Customer Representative is ELIGIBLE to receive commission as compensation if the performance based compensation (commission) is not greater than half of the total compensation.

The DP-2 "Other Coverages" adds ___% for loss to trees, shrubs and plants.

The DP-2 "Other Coverages" adds 5% for loss to trees, shrubs and plants.

A General Lines Agent has how many days to notify the Department of Financial Services of name and address changes?

The Department of Financial Services requires notice of any name or address change within 30 days of the change.

The Discovery basis Crime coverage form will cover a loss which occurred prior to its inception if: (a) Reported during the policy term. (b) If the retro date on the policy precedes the date of loss. (c) Both A & B. (d) Neither A or B.

The Discovery basis Crime coverage form will cover a loss which occurred prior to its inception if "reported during the policy term.

The Dwelling Policy with the greatest amount of coverage is the: (a) DP-1. (b) DP-2. (c) DP-3. (d) DP-4.

The Dwelling Policy with the greatest amount of coverage is the DP-3.

The Employment Related Practices Liability policy form includes a: (a) Franchise Deductible. (b) Co-payment provision. (c) Self Insured Retention. (d) None of the above.

The Employment Related Practices Liability policy form includes a: "co-payment" provision.

This Homeowners policy endorsement provides an additional amount of insurance over and above the stated Coverage A Dwelling amount.

The Extended Replacement Cost endorsement provides an additional amount of insurance over and above the stated Coverage A Dwelling amount.

The Extra Expense Form: (a) Pays only ordinary expenses incurred to maintain ongoing operations. (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.

The Extra Expense Form has a schedule which prorates the insured's recovery over time and against the policy limit on a percentage basis over time.

The FAJUA operates on behalf of whom?

The FAJUA operates on behalf of all licensed Florida automobile insurance companies.

Farm Policy coverage which protects a Farmer for injuries sustained by farm employees?

The Farm Employers' Liability/Medical Payments coverage protects a Farmer for injuries sustained by farm employees.

The Farm Liability coverage form INCLUDES personal and _____________ injury.

The Farm Liability coverage form INCLUDES personal and advertising injury.

This Flood Form is written for all buildings and/or contents not eligible to be insured under the Dwelling Form.

The Flood General Property Form is written for all buildings and/or contents not eligible to be insured under the Dwelling Form.

The Florida Financial Responsibility Law can be satisfied by all BUT which of the following? (a) Auto liability limits of 10/20/10. (b) Qualified self-insurer for 10/20/10 limits. (c) Carrying PIP/PD. (d) Cash bond guaranteeing 10/20/10 limits.

The Florida Financial Responsibility Law can be satisfied by carrying liability limits of 10/20/10; qualifying as a self-insurer with 10/20/10 limits; OR carrying a cash bond guaranteeing 10/20/10 limits.

What amount of Ordinance and Law coverages is required in the Florida Homeowners policy.

The Florida Homeowners policy includes 10% of the Dwelling coverage amount for Ordinance and Law.

The Florida law defines an employer as one who must secure benefits for employees as every person carrying on any: (a) Employment. (b) Team. (c) Industrial. (d) None of the above.

The Florida law defines an employer as one who must secure benefits for employees as every person carrying on any employment.

The Florida statutory ________________of Health insurance includes Disability insurance.

The Florida statutory definition of Health insurance includes Disability insurance.

This Crime coverage endorsement covers loss due to fraudulent transfer of funds: (a) Extortion. (b) Funds Transfer Fraud. (c) Safe Depository. (d) Guest Property.

The Funds Transfer Fraud endorsement covers loss due to fraudulent transfer of funds.

Josephine's Garage is replacing all four tires on a customer's truck. The customer has tripped over an air hose in garage parking lot and broken his nose. How will the Garage Policy respond?

The Garage Policy will respond to liability associated with garage operations.

Josephine's Garage has replaced all four tires on a customer's truck. The truck's rear right wheel flew off when the customer left the garage striking a pedestrian. How will the Garage Policy respond?

The Garage Policy will respond to liability associated with the work performed by the insured less a $100 deductible.

Klassic Kars, your Garage Policy insured, has Section III Garagekeeps on a Direct Coverage - Primary Basis. A Klassic Kars customer had their windshield and windows smashed out while being stored on the Klassic Kar's premises. How will the policy respond?

The Garage policy will pay for 100% of the loss on a first party basis less any applicable deductible on a primary basis without regard to the insured's legal liability or the owners physical damage coverage.

Klassic Kars, your Garage Policy insured, has Section III Garagekeeps on a Direct Coverage - Excess Basis. A Klassic Kars customer had their windshield and windows smashed out while being stored on Klassic Kar's premises. How will the Garage Policy respond?

The Garage policy will pay for the loss on an EXCESS basis after the owner's insurance has been applied and exhausted.

The Ocean Marine clause which requires ALL parties to share in the proportional loss is? (a) General Average Clause. (b) Free of Particular Average. (c) Sue and Labor. (d) Actual Total Loss.

The General Average Clause requires ALL parties to share in the proportional loss.

The General Lines Agent license requires the agent to be domiciled in the state of _______________.

The General Lines Agent license requires the agent to be domiciled in the state of Florida.

This Crime coverage endorsement covers the named insured's legal liability as custodian of guest property: (a) Extortion. (b) Funds Transfer Fraud. (c) Safe Depository. (d) Guest Property.

The Guest Property endorsement covers the named insured's legal liability as custodian of guest property.

This Homeowners policy form covers Section I Property on a named perils basis: (a) HO-2. (b) HO-3. (c) HO-5. (d) HO-64.

The HO-2 policy form covers Section I Property on a named perils basis.

Homeowners policy form with "broad" form of coverages.

The HO-2 policy form provides "broad" form of coverages.

The HO-3 loss settlement provision for personal property can be ___________________ to replacement cost.

The HO-3 loss settlement provision for personal property can be endorsed to replacement cost.

The HO-6 can be taken out by a condo owner for either their own occupancy or _________________ occupancy of the condominium.

The HO-6 can be taken out by a condo owner for either their own occupancy or tenant occupancy of the condominium.

Which Homeowners policy form does not apply to an owner occupant.

The HO4 does not apply to an owner occupant; The HO4 is for renters.

The Homeowners Additional Coverage for Trees, Shrubs, and Plants has a $___ maximum for any one tree, shrub, or plant.

The Homeowners Additional Coverage for Trees, Shrubs, and Plants has a $500 maximum for any one tree, shrub, or plant.

The Homeowners policy is for private residential exposures but the policy will cover not more than ___ roomers or boarders per family occupancy.

The Homeowners policy is for private residential exposures but the policy will cover not more than 2 roomers or boarders per family occupancy.

The Homeowners policy provides Liability coverage for a student away at school if aged ___ or younger.

The Homeowners policy provides Liability coverage for a student away at school if aged 24 or younger.

The Homeowners policy specifically ______________ coverage for hovercrafts.

The Homeowners policy specifically excludes coverage for hovercrafts.

Your Homeowners insured has taken his off-road recreation vehicle to the Utah Salt Flats to see how fast it can really go. Unfortunately he hit another off-road recreational vehicle enthusiast while he was testing his maximum speed. How will the Homeowners policy respond? (a) Property Damage and Bodily Injury for the other party will be covered 100% up to the policy limits. (b) The Homeowners policy will not pay anything as owned RVs are not covered for Liability off the residence premises. (c) The policy will pay for the damages as long at the length of the recreational vehicle does not exceed 16 feet. (d) The policy will pay for the damages as long at the length of the recreational vehicle does not exceed 350 horsepower.

The Homeowners policy will not pay anything as owned RVs are not covered for Liability off the residence premises.

This Homeowners policy endorsement specifies a percentage increase in Section I coverage based upon increases in building values.

The Inflation Guard endorsement specifies a percentage increase in Section I coverage based upon increases in values.

This Boiler and Machinery endorsement redefines "accident" to cover only "sudden and accidental tearing asunder" of the object. (a) Limited Coverage Endorsement. (b) Actual Cash Endorsement. (c) Additional Expediting Expense Endorsement. (d) Water Damage Endorsement.

The Limited Coverage Endorsement redefines "accident" to cover only "sudden and accidental tearing asunder" of the object.

The CGL form which provides coverage for those who are in the business of manufacturing, distributing, selling, serving or furnishing alcoholic beverages for having caused or contributed to a person's intoxication?

The Liquor Liability Coverage Form provides coverage for those who are in the business of manufacturing, distributing, selling, serving or furnishing alcoholic beverages for having caused or contributed to a person's intoxication.

What policy form is used to cover their liquor liability as part of an insured's ongoing operations (i.e. a bar)?

The Liquor Liability Coverage form/policy to cover their liquor liability as part of their ongoing operations such as a bar.

The Loss Settlement basis on the DP-__ is on an actual cash value basis.

The Loss Settlement basis on the DP-1 is on an actual cash value basis.

This PAP endorsement covers equipment such as motor homes, motorcycles, golf carts and all-terrain vehicles. (a) Named Non-Owner Coverage. (b) Miscellaneous Type Vehicle. (c) Drive Other Car. (d) Outdoor vehicle coverage endorsement.

The Miscellaneous Type Vehicle endorsement covers equipment such as motor homes, motorcycles, golf carts and all-terrain vehicles.

This PAP endorsement covers equipment such as motor homes, motorcycles, golf carts and all-terrain vehicles: (a) Named Non-Owner Coverage. (b) Miscellaneous Type Vehicle. (c) Drive Other Car. (d) Outdoor vehicle coverage endorsement.

The Miscellaneous Type Vehicle endorsement covers equipment such as motor homes, motorcycles, golf carts and all-terrain vehicles.

The NFIP defines Flood as "a general and temporary condition of partial or complete inundation of ___ or more acres of normally dry land areas.

The NFIP defines Flood as "a general and temporary condition of partial or complete inundation of 2 or more acres of normally dry land areas.

The CGL coverage form which protects owners and contractors against claims for bodily injury and property damage arising out of work performed by an independent contractor on the insured's behalf.

The Owners and Contractors Protective Liability Form (OCP) protects owners and contractors against claims for bodily injury and property damage arising out of work performed by an independent contractor on the insured's behalf.

The Valued Business Interruption Endorsement: (a) Schedules daily limit and also total aggregate limit. (b) Provides no coverage for partial interruption. (c) Both A & B. (d) Neither A or B.

The Valued Business Interruption Endorsement schedules daily limit and also total aggregate limit.

This policy form protects owners and contractors against claims for bodily injury and property damage arising out of work performed by an independent contractor on the insured's behalf.

The Owners and Contractors Protective Liability Form (OCP): protects owners and contractors against claims for bodily injury and property damage arising out of work performed by an independent contractor on the insured's behalf.

This PAP definition means: in, upon, getting in, on, out or off. (a) Bodily Injury. (b) Property Damage. (c) Occupying. (d) Medical Payments.

The PAP defines OCCUPYING as being "in, upon, getting in, on, out or off" a vehicle.

You advise an insured that their PAP provides supplementary payments such as bail bonds and pre-trial interest... (a) You have incorrectly advised your client concerning these supplementary payments. (b) You have correctly advised you client as the PAP does provide supplementary payments for bail bonds and pre-trial interest. (c) There are no supplementary payments in the PAP. (d) None of the above.

The PAP does provide supplementary payments for bail bonds and pre-trial interest.

The PAP's Medical Payments coverage is ______ when occupying owned automobile and _______when occupying non-owned autos. (a) Excess and Primary. (b) Primary and Excess. (c) Split and Single. (d) None of the above.

The PAP's Medical Payments coverage is PRIMARY when occupying owned automobile and EXCESS when occupying non-owned autos.

The Personal Inland Marine policy covers Golfer's Equipment on a ________________ basis.

The Personal Inland Marine policy covers Golfer's Equipment on a blanket basis.

Miscellaneous Medical Professions coverage form covering an act or omission in the rendering of optometric services.

The Physicians, Surgeons, and Dentist (PS&D) policy for Optometrists

The Preferred Risk Flood Policy is available to all BUT which of the following flood zones: (a) A. (b) B. (c) C. (d) X.

The Preferred Risk Flood Policy is NOT AVAILABLE o properties in the A Flood Zones.

This Form is written in specific coverage limit combinations in flood zones B, C, and X.

The Preferred Risk Policy is written in specific coverage limit combinations in flood zones B, C, and X.

The CGL coverage form which provides a monoline form solely for the Products/Completed Operation's exposure.

The Products/Completed Operations Coverage Form provides a monoline form solely for the Products/Completed Operation's exposure.

Flood Form is written for condominium associations.

The Residential Condominium Building Association Policy Form is written for condominium associations:

The CGL condition which treats each insured independently and separate from all other insureds.

The Separation of Insureds condition treats each insured independently and separate from all other insureds.

The Special Form DP-3 covers building structures on an "________ _______" basis.

The Special Form DP-3 covers building structures on an "open peril" basis.

The Ocean Marine clause which states the insured must mitigate loss at all cost (cost are reimbursable) or be barred from any recovery is: (a) General Average Clause. (b) Free of Particular Average. (c) Sue and Labor. (d) Actual Total Loss.

The Sue and Labor clause states the insured must mitigate loss at all cost (cost are reimbursable) or be barred from any recovery.

The Suspension Condition states coverage: (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.

The Suspension Condition states coverage on an object can be suspended if the object is "in" or "exposed to" a dangerous condition.

Which endorsement is used to insure a trucker who has delivered his/her load and is no longer covered under the policy afforded by the company which hired them?

The Truckers - insurance for non-trucking use

The Valuation Clause condition states coverage is? (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.

The Valuation Clause condition states coverage is RCV unless repair or replacement is not made within 18 months of the date of accident.

This Boiler and Machinery endorsement increases the Water Damage limit from $25,000 to a defined higher limit: (a) Limited Coverage Endorsement. (b) Actual Cash Endorsement. (c) Additional Expediting Expense Endorsement. (d) Water Damage Endorsement.

The Water Damage Endorsement increases the Water Damage limit from $25,000 to a defined higher limit.

Which of the following is NOT a trigger of the financial responsibility law? (a) Accident involving bodily injury. (b) Accumulation of driving points. (c) Property damage rendering vehicle inoperable. (d) Certain traffic offenses.

The accumulation of driving points is NOT a trigger of Florida's Financial Responsibility law.

The basic limit for Ordinance and Law is ___%.

The basic limit for Ordinance and Law is 10%.

The basic limits for Section II of the Homeowners policy.

The basic limits for Section II of the Homeowners policy are: $100,000 Liability and $1,000 Medical Payments.

Your CGL insured has filed a CGL claim and it has been discovered that the loss was caused intentionally by the insured will the CGL pay the insured's claim?

The claim will be denied. The CGL excludes BI and PD losses when the injury or damage is expected and intended by the insured.

A Homeowners policyholder has come to the office to file a theft claim for the loss of an expensive watch. She tells you that the value of the watch is $1,200. How would you advise her regarding the coverage in the HO policy? (a) No coverage for jewelry. (b) No theft coverage for jewelry. (c) The claim will be paid (less her deductible) as there is $1,500 per occurrence for theft of watches in the basic policy form. (d) The claim will be paid less her deductible as there is $15,000 per occurrence for theft of watches.

The claim will be paid (less her deductible) as there is $1,500 per occurrence for theft of watches in the basic policy form.

Your insured owns a boat with an inboard/outboard motor which is 25 feet long. The insured has collided with another boater damaging the hull of the boat to the tune of $10,000. How will the Homeowners policy respond? (a) The $10,000 claim will be paid as the occurrence is compensable given the length of the boat. (b) The $10,000 claim will not be paid as the occurrence is not compensable given the ownership and use of an inboard/outboard watercraft. (c) The claim will be paid less the watercraft liability deductible (standard $500 in Florida). (d) Florida Statutes require all watercraft liabilities to be paid under the Homeowners policy up to the Section II limit.

The claim will be paid less the watercraft liability deductible which is $500 in Florida.

Your insured has borrowed his brother's golf clubs. While the insured is enjoying a cold beverage after his round of golf at the clubhouse his brother's golf clubs are stolen. How will the Homeowners policy respond to this loss? (a) No coverage for the stolen clubs as they were away from the residence premises. (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.

The clubs are covered as they were in the care custody and control of the insured.

The consequences for acting as an insurer without proper licensure include a third degree felony; ___________ for any unpaid claims; and suspension or revocation of all insurance licenses.

The consequences for acting as an insurer without proper licensure include a third degree felony; LIABILITY for any unpaid claims; and suspension or revocation of all insurance licenses.

The consequences for aiding and abetting an unauthorized insurer include a ________ degree felony and liability of unpaid claims.

The consequences for aiding and abetting an unauthorized insurer include a third degree felony and liability of unpaid claims.

Employers can contest a Florida WC claim by filing notice within ___ days after injury. (a) 21. (b) 90. (c) 180. (d) 365.

The correct answer is "21 days after injury". Employers can contest a Florida WC claim by filing notice within 21 days after injury.

The Garage Policy's Garage Liability EXCLUDES: (a) Watercraft and aircraft. (b) Defective workmanship. (c) Product recall. (d) all of the above.

The correct answer is "All of the above". The Garage Policy's Garage Liability EXCLUDES: loss to watercraft or aircraft; defective workmanship; and product recall.

Insurable "objects" include all BUT which of the following? (a) Refrigerating Equipment. (b) Engines. (c) Crops. (d) Air Conditioning Equipment.

The correct answer is "Crops".

This Boiler and Machinery coverage extension agrees to pay all litigation costs for liability claims: (a) Expediting Expenses. (b) Automatic Coverage. (c) Defense. (d) Supplementary Payments.

The correct answer is "Supplementary Payments".

Small Business Boiler Form "business interruption" includes extra expense and covers on an "________" basis. (a) Triple-net. (b) Double-indemnity. (c) Actual loss sustained. (d) None of the above.

The correct answer is "actual loss sustained." Small Business Boiler Form "business interruption" includes extra expense and covers on an "actual loss sustained" basis.

Under Florida's Workers' Compensation laws the obligation of the employer is to furnish any and all usual, customary, and reasonable medical care with ____________ dollar limitation for medical expenses. (a) $1,000,000. (b) $2,000,000. (c) $5,000,000. (d) Unlimited for medical expenses.

The correct answer is "unlimited for medical expenses".

FIGA claims are subject to a $____ deductible.

The correct answer is $100. All FIGA claims are subject to a $100 deductible.

The Boiler and Machinery Policy has a $______ limit for damage caused by ammonia contamination. (a) $10,000. (b) $25,000. (c) $50,000. (d) No limit is listed in the policy.

The correct answer is $25,000. The Boiler and Machinery Policy has a $25,000 limit for damage caused by ammonia contamination.

The Boiler and Machinery Policy has a $______ limit for expediting expenses. (a) $10,000. (b) $25,000. (c) $50,000. (d) Not specified in the policy.

The correct answer is $25,000. The Boiler and Machinery Policy has a $25,000 limit for expediting expenses.

The Boiler and Machinery Policy has a $______ limit for hazardous material cleanup, repair, replacement or disposal of the property damaged. (a) $10,000. (b) $25,000. (c) $50,000. (d) No limit is listed in the policy.

The correct answer is $25,000. The Boiler and Machinery Policy has a $25,000 limit for hazardous material cleanup, repair, replacement or disposal of the property damaged.

The Small Business Broad Form includes a $_____ per accident limits for hazardous substances other than ammonia/ammonia contamination. (a) $10,000. (b) 25,000. (c) $50,000. (d) No limit is specified.

The correct answer is $25,000. The Small Business Broad Form includes a $25,000 per accident limits for hazardous substances other than ammonia/ammonia contamination.

Under Florida's Workers' Compensation laws the WC death benefit pays up to $____ for actual funeral expenses. (a) $1,000. (b) $7,500. (c) $15,000. (d) $100,000.

The correct answer is $7,500. Under Florida's Workers' Compensation laws the WC death benefit pays up to $7,500 for actual funeral expenses.

Under Florida's Workers' Compensation laws there is a seven day "waiting period" required before benefits begin - benefits are payable from injury day one if disabilities exceed _____ days in duration. (a) 8. (b) 14. (c) 21. (d) 30.

The correct answer is 21 days. Under Florida's Workers' Compensation laws there is a seven day "waiting period" required before benefits begin - benefits are payable from injury day one if disabilities exceed 21 days in duration.

Liability in the BAP is extended to all BUT which of the following: (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.

The correct answer is A, Non-owned autos on a primary basis. Liability in the BAP is extended to: trailers with a load capacity at or under 2,000 pounds; "Mobile equipment" while it is being carried or towed by a covered auto; or any temporary substitute auto.

Which term is defined by property that is damaged beyond repair? (a) General Average Clause. (b) Free of Particular Average. (c) Sue and Labor. (d) Actual Total Loss.

The correct answer is Actual Total Loss.

Wacko Drycleaners has taken receipt of Mrs. Johnsons laundry for dry cleaning. In the above example Wacko Drycleaners is the: (a) Bailor. (b) Bailee. (c) Lessor. (d) Mortgagor.

The correct answer is Bailee. The bailee is the custodian of the property.

This Crime primary coverage covers worldwide loss of money, securities and other property by use of a computer to fraudulently convert assets: (a) Inside The Premises- Theft of Money and Securities. (b) Computer Fraud. (c) Money Orders And Counterfeit Paper Currency. (d) Forgery or Alteration.

The correct answer is Computer Fraud. Computer Fraud covers worldwide loss of money, securities and other property by use of a computer to fraudulently convert assets.

Which Commercial Inland Marine policy covers owned, rented, or borrowed heavy machinery, equipment and contractor's tools on job sites, in transit to and from job sites, and in temporary storage? (a) Contractors Equipment Floater. (b) Physicians and Surgeons Equipment. (c) Film. (d) Commercial Articles.

The correct answer is Contractors Equipment Floater.

Which Commercial Inland Marine policy covers loss to Electronic Data Processing equipment, and media including liability to third parties for the handling and storage of data? (a) Installment Sales Floater. (b) Signs Form. (c) Electronic Data Processing Insurance. (d) Floor Plan Form.

The correct answer is Electronic Data Processing Insurance.

Which Commercial Inland Marine policy covers medical, surgical and dental instruments on and off the premises, as well as furniture and fixtures at the doctor's office? (a) Contractors Equipment Floater. (b) Physicians and Surgeons Equipment. (c) Film. (d) Commercial Articles.

The correct answer is Physicians and Surgeons Equipment.

Which Commercial Inland Marine policy covers loss to financed merchandise held for sale? (a) Installment Floater. (b) Signs Form. (c) Electronic Data Processing Insurance. (d) Floor Plan Form.

The correct answer is the Floor Plan Form.

PAP rating usage categories includes which if any of the following? (a) Pleasure. (b) Business. (c) Commuting. (d) All of the above.

The correct answer is: "All of the above". PAP rating USAGE categories included: pleasure, businesses, and commuting categories.

Greg Grumble, your PAP insured, has suffered a loss. Which of the following may be required of him to settle his claim? (a) Provide any requested proof of loss. (b) Prompt notice. (c) Examination under oath. (d) All of the above.

The correct answer is: "All of the above. The PAP requires an insured to: provide any requested proof of loss; prompt notice of loss; and to comply with the insurer's request to an examination under oath.

The PAP defines a "your covered auto" to include temporary substitutes if an insured vehicle is unavailable due to? (a) Vacation. (b) Business Travel. (c) Loss or Destruction. (d) All of the above.

The correct answer is: "Loss or Destruction". The PAP defines a "your covered auto" to include temporary substitutes if an insured vehicle is unavailable due to loss or destruction.

This PAP endorsement provides Liability, Medical Payments and UM coverages for a named individual who does not own an automobile, to cover for operation of autos owned by others? (a) Named Non-Owner Coverage. (b) Miscellaneous Type Vehicle. (c) Drive Other Car. (d) Outdoor vehicle coverage endorsement.

The correct answer is: "Named Non-Owner Coverage". The Named Non-Owner endorsement provides Liability, Medical Payments and UMBI coverages for a named individual who does not own an automobile, to cover for operation of autos owned by others.

The purpose of Mechanical Breakdown Coverage is to? (a) Provide coverage against the failure of an original part. (b) Provide Towing from the point of disablement. (c) Provide Labor from the point of disablement. (d) Both B & C.

The correct answer is: "to provide coverage against the failure of an original part". The purpose of Mechanical Breakdown Coverage is to provide coverage against the failure of an original part.

Your insured has had a one vehicle accident with a tree. The policy has Other Than Collision coverage with a $250 deductible and Collision coverage with a $500 deductible. The insured vehicle has $2,500 in damages how much will the insured collect after applying the correct coverage and deductible? (a) $1,750. (b) $2,000. (c) $2,250. (d) $2,500.

The correct answer is: $2,000.

David was permanently injured in an auto accident by the negligence of Goliath. David's injuries are valued at $300,000. David has PIP and has recovered his full $10,000 limit, and he has $300,000 of single limit UM coverage. Goliath has a liability insurance policy with limits of 50,000/100,000/$50,000. How much is David's UM recovery? (a) $10,000. (b) $50,000. (c) $240,000. (d) $300,000.

The correct answer is: $240,000.

Your insured has asked what amounts of coverage are normally available for Towing and Labor coverage you advise? (a) $10, $20, or $30. (b) $25, $50, or $75. (c) $100, $200, or $300. (d) $500, $1,000, or $2,500.

The correct answer is: $25, $50, or $75.

Your insured in involved in a multi-vehicle accident. The policy has Other Than Collision 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 applying the correct coverage and deductible? (a) $6,000. (b) $6,500. (c) $7,000. (d) $7,500.

The correct answer is: $6,500.

How many days does the insured have to put the insurer on notice when a substitute vehicle has been purchased which requires Comprehensive coverage if the policy has Comprehensive coverage on at least one vehicle prior to the substitution? (a) 4. (b) 14. (c) 30. (d) No time limit.

The correct answer is: 14 days. An insured has 14 days to put their insurer on notice when a substitute vehicle has been purchased which requires Comprehensive coverage if the policy has Comprehensive coverage on at least one vehicle prior to the substitution?

Transportation Expense coverage begins ___ hours after a loss (excluding Theft losses). (a) 0. (b) 24. (c) 48. (d) 72.

The correct answer is: 24 hours. Transportation Expense coverage begins 24 hours after a loss -- excluding Theft losses.

Your insured has suffered a compensable Collision loss and is in need of a rental car for use while the insured vehicle is being repaired. You advise the insured that their Transportation Expense coverage begins ___ hours after the loss. (a) 0. (b) 24. (c) 48. (d) 72.

The correct answer is: 24 hours. Transportation Expense coverage begins 24 hours after the loss.

How many days does the insured have to put the insurer on notice when a substitute vehicle has been purchased which requires Collision coverage if the policy does not have any vehicles with Collision coverage prior to the substitution? (a) 4. (b) 14. (c) 30. (d) No time limit.

The correct answer is: 4 days. The insured has 4 days to put the insurer on notice when a substitute vehicle has been purchased which requires Collision coverage if the policy DOES NOT ALREADY HAVE Collision coverage on any vehicle and the insured wants Collision coverage on the new vehicle.

Transportation Expense coverage begins ___ hours after a Theft loss. (a) 0. (b) 24. (c) 48. (d) 72.

The correct answer is: 48 hours. Transportation Expense coverage begins 48 hours after a Theft loss.

Your insured has suffered a compensable Other Than Collision Theft loss and is in need of a rental car. You advise the insured that their Transportation Expense coverage begins ___ hours after a Theft loss. (a) 0. (b) 24. (c) 48. (d) 72.

The correct answer is: 48 hours. Transportation Expense coverage begins 48 hours after a Theft loss.

Which of the following is NOT a trigger of the financial responsibility law? (a) Accident involving bodily injury. (b) Accumulation of driving points. (c) Property damage rendering vehicle inoperable. (d) Certain traffic offenses.

The correct answer is: Accumulation of driving points. Triggers of the financial responsibility law include: accidents involving bodily injury; accidents where property damage renders a vehicle inoperable; and certain traffic offenses.

Which of the following are required of the insured following a loss? (a) Prompt notice of loss. (b) Allow inspection and appraisal if the insured vehicle is damaged. (c) File a police report if the insured vehicle is stolen. (d) All of the above.

The correct answer is: All of the above.

A notice of cancellation requires the insurer to state? (a) Reason for the cancellation. (b) Right to an Insurance Department hearing. (c) JUA eligibility. (d) All of the above.

The correct answer is: All of the above. A notice of cancellation requires the insurer to provide the insured with: the reason for the cancellation; the right to an Insurance Department hearing; and JUA eligibility.

During the first 60 days of a new policy F.S. 627.7295 prohibits an insured from cancelling a policy providing PIP and Property Damage liability unless? (a) The insured vehicle is totally destroyed. (b) The insured vehicle is sold. (c) Replacement coverage has been purchased. (d) All of the above.

The correct answer is: All of the above. During the first 60 days of a new policy an insured may not cancel a policy unless: The insured vehicle is totally destroyed; the insured vehicle is sold; OR replacement coverage has been purchased.

Which of the following are triggers of the financial responsibility law? (a) Accident involving bodily injury. (b) Certain traffic offenses. (c) Property damage rendering vehicle inoperable. (d) All of the above.

The correct answer is: All of the above. Financial Responsibility law triggers include: an accident involving bodily injury; certain traffic offenses; and an accident in which a vehicle is inoperable.

What type of information is located on the PAP's Declarations Page? (a) Coverage amounts. (b) Insured name and mailing address. (c) Premium amounts. (d) All of the above.

The correct answer is: All of the above. the PAP's Declarations Page includes coverage amounts, the insured's name and mailing address, and premium amounts.

Florida law requires stacked UM with limits equal to the policy's liability limits unless the? (a) Insured rejects UM coverage. (b) Insured elects non-stacked UM. (c) Insured elects UM coverage lower than liability limits. (d) All of the above.

The correct answer is: All of the above. Florida law requires stacked UM with limits equal to the policy's liability limits unless: the Insured rejects UM coverage; the Insured elects non-stacked UM; OR the Insured elects UM coverage lower than liability limits.

Florida law requires stacked UM with limits equal to the policy's liability limits unless? (a) Insured rejects UM coverage. (b) Insured elects non-stacked UM. (c) Insured elects UM coverage lower than liability limits. (d) All of the above.

The correct answer is: All of the above. Florida law requires stacked UM with limits equal to the policy's liability limits unless: the insured rejects UM coverage; the insured elects non-stacked UM; or the insured elects UM coverage lower than liability limits.

Mr. Jones, your auto insured has "triggered" Florida's Financial Responsibility law which of the following may be that trigger? (a) Automobile accident involving bodily injury. (b) Automobile accident where a vehicle was rendered as inoperative bodily . (c) Conviction of Driving Under the Influence of Alcohol. (d) All of the above.

The correct answer is: All of the above. Florida's Financial Responsibility law triggers include: an automobile accident involving bodily injury; an automobile accident where a vehicle was rendered as inoperative bodily; and a conviction of Driving Under the Influence of Alcohol.

Mechanical Breakdown insurance extends to? (a) Parts. (b) Labor. (c) Rental Reimbursement. (d) All of the above.

The correct answer is: All of the above. Mechanical Breakdown insurance extends to parts, labor, and rental reimbursement.

Which if any of the following are typically covered by Mechanical Breakdown Insurance? (a) Engine. (b) Air Conditioner. (c) Drive Axle. (d) All of the above.

The correct answer is: All of the above. Mechanical Breakdown insurance typically cover the: engine, air conditioner, and drive axle.

Other Than Collision covered perils include? (a) Water Damage. (b) Glass Breakage. (c) Wind Damage. (d) All of the above.

The correct answer is: All of the above. Other Than Collision covered perils include: water damage, glass breakage, and wind damage.

Which of the following are rating factor for the PAP? (a) Age, sex, and marital status. (b) Driving records of operators. (c) Usage. (d) All of the above.

The correct answer is: All of the above. Rating factor of the PAP include: age, sex, and marital status; driving records of operators; and vehicle usage.

Sarah Saddle purchased a PIP/PD policy from your agency 20 days ago. 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) All of the above.

The correct answer is: All of the above. She can cancel the policy if the insured vehicle is totally destroyed; the insured vehicle is sold; or he has purchased replacement coverage.

Your PAP insured has received a cancellation notice from the PAP carrier. What must be included in the cancellation notice? (a) Reasons for cancellation. (b) Date of cancellation. (c) Eligibility for Insurance Department hearing to contest the cancellation. (d) All of the above.

The correct answer is: All of the above. The Cancellation Notice must include: reasons for the cancellation, the date of the cancellation, and any eligibility for Insurance Department hearing to contest the cancellation.

PAP Declarations identify which of the following? (a) Named insured. (b) Loss Payees. (c) Coverages and Premiums. (d) All of the above.

The correct answer is: All of the above. The PAP Declarations identify: the named insured, any loss payee, and all coverages and premiums.

Which of the following can be found on a PAP declarations page? (a) Coverages and Premiums. (b) Insured Name and Mailing Address. (c) Loss Payee or Lienholder. (d) All of the above.

The correct answer is: All of the above. The PAP declarations page includes: coverages and premiums details; the insured's name and mailing address; and any loss payee or lien holder information.

The PAP defines "your covered auto" as: (a) Any vehicle shown in the Declarations. (b) A newly acquired auto. (c) Any trailer you own. (d) All of the above.

The correct answer is: All of the above. The PAP defines "your covered auto" as: any vehicle in the Declarations; a newly acquired auto; or any trailer you own.

The PAP defines a "your covered auto" to include temporary substitutes if an insured vehicle is unavailable due to? (a) Breakdown or Repair. (b) Servicing. (c) Loss or Destruction. (d) All of the above.

The correct answer is: All of the above. The PAP defines a "your covered auto" to include temporary substitutes if an insured vehicle is unavailable due to: breakdown or repair; vehicle servicing; loss or destruction.

Your PAP insured has received a cancellation notice from the PAP carrier. What must be included in the cancellation notice? (a) Reasons for cancellation. (b) Eligibility of a replacement Joint Underwriting Association policy. (c) Eligibility for Insurance Department hearing to contest the cancellation. (d) All of the above.

The correct answer is: All of the above. The insurer's cancellation must include: all reasons for the cancellation; eligibility of a replacement Joint Underwriting Association policy; and eligibility for Insurance Department hearing to contest the cancellation.

Rebba Roadhouse, your PAP insured, has just purchased a policy. What are her options for Uninsured Motorists on the policy? (a) Exclude UM. (b) Endorse UM to limits lower than BI limits. (c) Endorse UM to non-stacked. (d) All of the above.

The correct answer is: All of the above. UMBI options include: excluding UMBI; endorsing UMBI to limits lower than the policy's BI limits; selecting non-stacked UMBI.

Under the No Fault law which of the following are defined as an owner? (a) Debtor in possession. (b) Lessee. (c) Holder of legal title. (d) All of the above.

The correct answer is: All of the above. Under the No Fault law all of the following are defined as an owner: a debtor in possession, a lessee, the holder of legal title.

During the first 60 days of a new policy F.S. 627.7295 prohibits an insured from cancelling a policy providing PIP and Property Damage liability unless? (a) The insured vehicle is totally destroyed. (b) The insured vehicle is sold. (c) Both A & B. (d) Neither A or B.

The correct answer is: Both A & B. During the first 60 days of a new policy an insurance company may not cancel a policy providing PIP and Property Damage liability unless: the insured vehicle is totally destroyed; OR The insured vehicle is sold.

During the first 60 days of a new policy F.S. 627.7295 prohibits an insurer from cancelling a policy providing PIP and Property Damage liability unless? (a) The insureds initial payment was a dishonored check. (b) The insured did not pay an additional premium due. (c) Both A & B. (d) Neither A or B.

The correct answer is: Both A & B. During the first 60 days of a new policy an insurer may cancel a policy providing PIP and Property Damage liability cover IF: the insured's initial payment was a dishonored check OR The insured did not pay an additional premium due.

Mr. Jones, your auto insured has "triggered" Florida's Financial Responsibility law which of the following may be that trigger? (a) Automobile accident involving bodily injury. (b) Automobile accident where a vehicle was rendered inoperative. (c) Both A & B. (d) Neither A or B.

The correct answer is: Both A & B. Florida's Financial Responsibility law may be triggered by Automobile accident involving bodily injury or an automobile accident where a vehicle was rendered inoperative.

If financial responsibility did not exist at the time of an accident what must happen to avoid penalties? (a) Satisfy legal claims of others. (b) Owner must carry SR-22. (c) Both A & B. (d) Neither A or B.

The correct answer is: Both A & B. If financial responsibility did not exist at the time of an accident the responsible party must: satisfy legal claims of others and carry an SR-22.

The Florida Financial Responsibility Law can be satisfied by which of the following? (a) Auto liability limits of 10/20/10. (b) Qualified self-insurer for 10/20/10 limits. (c) Both A & B. (d) Neither A or B.

The correct answer is: Both A & B. The Florida Financial Responsibility Law can be satisfied if the insured carries liability limits of 10/20/10 or is a qualified self-insurer for 10/20/10 limits.

What style of limits are available on the PAP? (a) Single. (b) Split. (c) Fractional. (d) Both A & B.

The correct answer is: Both A & B. The PAP can be written with either single or split limits.

The insured must file a police report if? (a) An insured vehicle is stolen. (b) An insured vehicle has been hit by a hit-and-run operator. (c) Both A & B. (d) Neither A or B.

The correct answer is: Both A & B. The insured must file a police report if an insured vehicle is stolen or if the insured vehicle has been hit by a hit-and-run operator.

Mechanical Breakdown Insurance policy deductibles. (a) Apply to each breakdown or part or assembly. (b) One deductible applies if the same breakdown involves multiple parts. (c) Both A and B. (d) Neither A or B.

The correct answer is: Both A and B. Mechanical Breakdown Insurance policy deductibles: apply to each breakdown or part or assembly; and one deductible applies if the same breakdown involves multiple parts.

Mechanical Breakdown insurance is compensable up to? (a) Specific dollar limit. (b) Not to exceed the ACV of the insured vehicle. (c) Both A and B. (d) Neither A or B.

The correct answer is: Both A and B. Mechanical Breakdown insurance is compensable up to specific dollar limits not to exceed the ACV of the insured vehicle.

The PAP insuring agreement states the policy pays on behalf of the insured money damage for which the insured is legally liable to others for? (a) Personal injury. (b) Bodily injury. (c) Property Damage. (d) Both B & C.

The correct answer is: Both B & C. The PAP insuring agreement states the policy pays on behalf of the insured money damage for which the insured is legally liable to others for bodily injury and property damage.

This PAP definition means: trade, profession, or occupation. (a) Avocation. (b) Business. (c) Recreation. (d) Association.

The correct answer is: Business. The PAP definition of BUSINESS include trade, profession, or occupation.

Under the Part D insuring agreement, the company agrees to pay for ______ and _______ loss. (a) Indirect and Intentional. (b) Direct and Accidental. (c) Obvious and Overture. (d) None of the Above.

The correct answer is: Direct and Accidental. Under the Part D insuring agreement, the company agrees to pay for DIRECT and ACCIDENTAL loss.

This PAP endorsement Provides Liability coverage for a non-owned automobile furnished or available for the regular use of the insured. (a) Extended Non-owned Coverage. (b) Miscellaneous Type Vehicle. (c) Drive Other Car. (d) Outdoor vehicle coverage endorsement.

The correct answer is: Extended Non-owned Coverage. The Extended Non-owned Coverage endorsement provides Liability coverage for a non-owned automobile furnished or available for the regular use of the insured.

Other Than Collision covered perils include? (a) Intentional Acts. (b) Nuclear. (c) War. (d) Fire.

The correct answer is: Fire. Intentional acts, Nuclear related losses, and War are all specifically excluded.

Mechanical Breakdown insurance is compensable up to? (a) Replacement dollar value. (b) Not to exceed the RCV of the insured vehicle. (c) Both A and B. (d) Neither A or B.

The correct answer is: Neither A or B. Mechanical Breakdown insurance is compensable up to specific dollar limits, NOT REPLACEMENT VALUE, and not to exceed the ACV of the insured vehicle.

Which if any of the following are typically covered by Mechanical Breakdown Insurance? (a) Seats. (b) Windshield. (c) Tires. (d) None of the above.

The correct answer is: None of the above. Mechanical Breakdown Insurance does not cover: seats, windshields, or tires.

Automobile insurance rates are lowest when the territory class is? (a) Urban. (b) Suburban. (c) Rural/Farm. (d) International

The correct answer is: Rural/Farm. Automobile insurance rates are lowest when the territory class is rural or farming.

The PAP affords liability coverage to those that have the status of? (a) Claimant. (b) Plaintiff. (c) Insured. (d) All of the above.

The correct answer is: an Insured. The PAP affords liability coverage to those that have the status of an Insured.

Under the PAP definitions "your covered auto" includes all BUT which of the following? (a) Any vehicle you own. (b) Vehicles shown on the Declarations Page. (c) Newly Acquired Autos. (d) Any trailer you own.

The correct answer is: any vehicle you own. PAP "your covered auto" include: vehicles shown on the declarations page.; newly acquired autos; any trailers owned by the insured.

All of the following are penalties for non-compliance with the compulsory No Fault law except? (a) Repossession of auto. (b) Suspension of driver's license . (c) Personal liability for payment of PIP benefits. (d) No immunity from legal liabilities.

The correct answer is: repossession of auto. No-Fault penalties for non-compliance include: suspension of drivers license; personal liability for payment of PIP benefits; AND no immunity from legal liabilities.

Additional Personal Injury Protection. (a) Extends PIP medical benefits to 100% and work loss benefits to 80% - applicable to the named insured and family members only. (b) Increases the basic PIP benefit of $10,000 per person for additional amounts. (c) Both A and B. (d) Neither A or B.

The correct answer is: that Additional Personal Injury Protection increases the basic PIP benefit of $10,000 per person for additional amounts.

Under this "plan" lowest rates apply if all family operators have had no accidents or serious traffic violations during a prior three year period. (a) Family Plan. (b) Safe Family Plan. (c) Safe Driver Insurance Plan. (d) Family Driver Safety Plan.

The correct answer is: the Safe Driver Insurance Plan. The Safe Driver Insurance Plan (SDIP) is a program created by state law that encourages safe driving with lower premiums for drivers who do not cause accidents or commit traffic violations and by ensuring that high-risk drivers pay a greater share of insurance costs.

Your insured has had a one vehicle accident with the roadbed. The policy has Other Than Collision coverage with a $250 deductible and no Collision coverage. The insured vehicle has $1,500 in damages how much will the insured collect after applying the correct coverage and deductible? (a) 0. (b) $250. (c) $1,250. (d) $1,500.

The correct answer is: zero. The cause of loss was a collision and there is no collision coverage on the insured vehicle.

Mechanical Breakdown covers the failure of? (a) Comprehensive. (b) Collision. (c) Specified Perils. (d) None of the above.

The correct answer is:"None of the above". Mechanical Breakdown covers mechanical breakdown and EXCLUDES collision and specified perils.

Jerry was permanently injured in an auto accident by the negligence of George. Jerry's injuries are valued at $250,000. David has PIP with a $500 deductible and has recovered $9,500 from PIP. He has UM coverage of $50,000/$100,000. George has a liability insurance policy with limits of 10,000/20,000/$10,000. How much is Jerry's UM recovery? (a) $9,500. (b) $10,000. (c) $230,500. (d) $250,000.

The correct answer is:$230,500.

What are the coverage territories for the EPL policy?

The coverage territory for the EPL policy is: the United States; Puerto Rico; and all parts of the World if suit is brought in the U.S.

The difference between a Stock Insurance Company and a Mutual Insurance Company.

The difference between a Stock Insurance Company and a Mutual Insurance Company is ownership and control.

True or False? The PAP's Declarations identifies the named insured and any loss payees.

True. The PAP's Declarations identifies the named insured and any loss payees.

Your Garage Policy insured wants to know if Section II Liability provides coverage for liability for movement of property by a mechanical device such as a hand-truck?

The exposure is covered; the Garage Policy provides coverage for liability arising from the movement of property by a mechanical device such as a hand-truck.

The following are required to be on an application of insurance: insurer name, agent name, and agent _____________ number.

The following are required to be on an application of insurance: insurer name, agent name, and agent license number.

The following may result in either a suspension, termination, or license revocation: failure to account for funds held in ________ for an insurer or insured.

The following may result in either a suspension, termination, or license revocation: failure to account for funds held in trust for an insurer or insured.

All BUT which of the following are duties of the insured after a loss? (a) Insured is required to retain an attorney. (b) Prompt notice. (c) Examination under oath. (d) Provide any requested proof of loss.

The insured IS NOT required to retain an attorney after a loss incurs.

Herman Hornblower, your insured, has cancelled his PAP policy. How many days does the insurer have to return Herman's premium payments?

The insurer has 30 days to refund Herman's unearned premium.

Tom Jones, your PAP insured, has cancelled his policy. How many days does the PAP insurer have to return the pro-rata unearned premium to the insured?

The insurer has 30 days to return the pro-rata unearned premium to the insured?

The insurer may inspect books and records during the policy period and for ____ year(s) thereafter.

The insurer may inspect books and records during the policy period and for three (3) years thereafter.

The limit for loss of personal property at a secondary residence is ___% of Coverage C.

The limit for loss of personal property at a secondary residence is 10% of Coverage C.

The insured has a Crime policy form and has suffered a loss by an act committed by an employee. Is this loss covered? (a) Covered. (b) Not Covered.

The loss is Covered.

Your insured has suffered a loss compensable by the Crime policy form. The insured has a "Discovery" form and is reporting a loss which occurred prior to the inception of the current policy. There has been continuous coverage by the insured. Will his claim be paid? Yes, because the "Discovery" Crime coverage form will cover a loss which occurred prior to its inception if reported during the policy term. No, because the "Discovery" coverage form only covers losses that occur during the policy period. Yes, because the "Discovery" Crime coverage form will cover a loss which occurred prior to its inception if reported during the policy term; and (b) there was no interruption between the previous policy term and the current policy. None of the above.

The loss is covered because the "Discovery" Crime coverage form will cover a loss which occurred prior to its inception if reported during the policy term.

Your insured had suffered a mechanical breakdown compensable under the policy. She has already replaced the damaged drive axle to her vehicle. How will the policy respond? (a) Covered because drive axles are covered. (b) Not covered because the insurer could not inspect the damaged part. (c) Not covered because drive axles are normally excluded.

The loss will not be covered because the insurer could not inspect the damaged part.

The maximum amount FIGA will cover a Dwelling claim for is $__________.

The maximum amount FIGA will cover a Dwelling claim for is $300,000.

The maximum amount FIGA will cover a claim for is $300,000. If there has been damage to a covered structure and contents on a homeowner's claim then FIGA will pay an additional $______.

The maximum amount FIGA will cover a claim for is $300,000. If there has been damage to a covered structure and contents on a homeowner's claim then FIGA will pay an additional $200,000 for damage to the contents.

The standard rating plan is provided by? (a) Department of Insurance. (b) Insurance Services Office. (c) Insurance Rating Board. (d) Board of Insurance and Rating Regulation.

The standard rating plan is provided by Insurance Services Office.

The two standard forms for packaged policies.

The two standard forms for packaged policies are the Commercial Package Policy and the Business Owners Policy.

The insured has a Crime policy form and has suffered a theft of money at the insured premises. Is this loss covered? (a) Covered. (b) Not Covered.

Theft of money at the insured premises is covered.

The insured has asked if Legal Expenses are covered in the Crime policy form. Your response is? (a) Legal Expenses are covered as the policy is written on an "all risk" basis. (b) Legal Expenses are covered as primary insuring agreements in the Crime policy form. (c) No coverage in the Crime policy form as Legal Expenses are specifically excluded. (d) None of the above.

There is no coverage in the Crime policy form for Legal Expenses; they are specifically excluded.

This Flood Form is written for 1-4 family dwellings and includes up to ___% of the dwelling amount for detached garages.

This Flood Form is written for 1-4 family dwellings and includes up to 10% of the dwelling amount for detached garages.

A pipe has burst in your insured's home, damaging the dwelling and contents. The insured has an HO-5; how will the policy cover this loss. (a) Flooding and water damage are excluded. (b) This loss will be covered for damage to the Dwelling only. (c) This loss will be covered on an open perils basis for the Dwelling and Personal Property. (d) The loss will be settled on an Actual Cash Value basis.

This loss will be covered on an open perils basis for the Dwelling and Personal Property.

Your insured has asked which coverage they can obtain to cover the cost of towing or labor if their vehicle becomes incapacitated. Your recommendation is? (a) Transportation Expense. (b) Miscellaneous Type Vehicle Endorsement. (c) Extended Non-owned Coverage. (d) Towing and Labor.

Towing and Labor is the coverage in the PAP which covers the cost of towing or labor if their vehicle becomes incapacitated.

Towing and Labor limit options usually include? (a) $25. (b) $50. (c) $75. (d) All of the above.

Towing and Labor limit options usually include $25, $50, or $75.

This agreement among common carriers is an arrangement whereby one trucker will transfer a trailer containing a shipment to a second trucker to transport the trailer to its destination.

Trailer Interchange Agreement

_________________ insurance includes solicitation, inducement, and or negotiations.

Transacting insurance includes solicitation, inducement, and or negotiations.

Transacting insurance includes solicitation or inducement; negotiations; and any effectuation of a __________ of insurance.

Transacting insurance includes: solicitation or inducement; negotiations; OR effectuation of a contract of insurance.

What do you call a BOP written on a claims made form?

Trick Question: The BOP is never written on a claims made form.

In the Truckers Coverage Form, which endorsement is used to cover the bobtailing and deadheading exposure?

Truckers Insurance for Non-trucking Use is the Truckers policy endorsement used to cover bobtailing and deadheading exposures.

True or False? An "insured status" for some persons depends upon the named insured's legal entity formation (form).

True or False? An "insured status" for some persons depends upon the named insured's form of legal entity.

True or False? Florida law mandates first dollar coverage in the adjustment of all glass claims.

True, Florida law mandates first dollar coverage in the adjustment of all glass claims.

True or False? Crime coverage on a Discovery basis will cover a loss which occurred prior to its inception if reported during the policy term.

True. Crime coverage on a Discovery basis will cover a loss which occurred prior to its inception if reported during the policy term.

True of False? Under Florida's Workers' Compensation laws the obligation of the employer is to furnish any and all usual, customary, and reasonable medical care without dollar limitation to the injured employee.

True. Florida's Workers' Compensation laws the require an employer is to furnish any and all usual, customary, and reasonable medical care without dollar limitation to the injured employee.

True of False? Hangarkeeper's Liability coverage is bailee coverage.

True. Hangarkeeper's Liability coverage is bailee coverage.

True of False? In-Motion covers the aircraft while it is under its own power.

True. In-Motion covers the aircraft while it is under its own power.

True or False? Medical Payments coverage is issued on an excess basis to coordinate with PIP?

True. Medical Payments coverage IS ISSUED on an excess basis to coordinate with PIP?

True or False? Not-In Motion Coverage: covers while the aircraft is not in motion.

True. Not-In Motion Coverage: covers while the aircraft is not in motion.

True of False? Ocean Marine Insurance is the oldest form of insurance.

True. Ocean Marine Insurance is the oldest form of insurance.

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

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

True or False: The Bureau of Market Conduct protects the public from unethical insurance practices.

True. The Bureau of Market Conduct protects the public from unethical insurance practices.

True of False? The Crime Form is written on an "all risk" cause of loss form.

True. The Crime Form is written on an "all risk" cause of loss form.

True or False? The Crime policy is excess over any other insurance.

True. The Crime policy is excess over any other insurance.

True of False?: The Indemnity Bond is used to indemnify a governmental body for liability imputed to it by the negligence of the Principal.

True. The Indemnity Bond is used to indemnify a governmental body for liability imputed to it by the negligence of the Principal.

True or False? The Loss Sustained Crime coverage form will cover a loss which occurred prior to its inception if: (a) reported during the policy term; and (b) there was no interruption between the previous policy term and the current policy.

True. The Loss Sustained Crime coverage form will cover a loss which occurred prior to its inception if: (a) reported during the policy term; and (b) there was no interruption between the previous policy term and the current policy.

True of False? The Public Official Bond is used to guarantee the Principal's acts in his/her capacity as a public official.

True. The Public Official Bond is used to guarantee the Principal's acts in his/her capacity as a public official.

True or False?: The Running Down Clause is the insuring agreement for liability to other ship-owners.

True. The Running Down Clause is the insuring agreement for liability to other ship-owners.

True or False? The workers' compensation system in Florida is based on a mutual renunciation of common-law rights and defenses.

True. The workers' compensation system in Florida is based on a mutual renunciation of common-law rights and defenses.

True of False? Under Florida's Workers' Compensation laws a sole proprietor or partner may elect to be covered by filing the proper election form with the Division.

True. Under Florida's Workers' Compensation laws a sole proprietor or partner may elect to be covered by filing the proper election form with the Division.

True or False? Under Florida's Workers' Compensation laws an independent contractors must meet stated criteria to be classified as independent contractors.

True. Under Florida's Workers' Compensation laws an independent contractors must meet stated criteria to be classified as independent contractors.

True or False? Under Florida's Workers' Compensation laws once an officer's exemption is approved, that person is no longer counted as an employee in determining whether a firm must carry compensation.

True. Under Florida's Workers' Compensation laws once an officer's exemption is approved, that person is no longer counted as an employee in determining whether a firm must carry compensation.

True or False? Under Florida's Workers' Compensation laws permanent impairment is paid based upon a medical impairment rating schedule.

True. Under Florida's Workers' Compensation laws permanent impairment is paid based upon a medical impairment rating schedule.

True or False? Workers Compensation rating is based on the classification of the employment by class code.

True. Workers Compensation rating is based on the classification of the employment by class code.

True or False? The Applications Coordination Unit reviews and approves company applications to sell insurance.

True. The Applications Coordination Unit reviews and approves company applications to sell insurance in the state of Florida.

True or False? A Loss Payee on the PAP's Declarations is one who has an economic interest in an insured vehicle.

True. A Loss Payee on the PAP's Declarations is one who has an economic interest in an insured vehicle.

True or False? A component of ethics is having the technical knowledge to facilitate transactions on behalf of the insuring public.

True. A component of ethics is having the technical knowledge to facilitate transactions on behalf of the insuring public.

True or False? A customer representative may only perform customer representative duties as to the specific general lines insurance products which their supervising, General Lines Agent, is actually then appointed by an insurer to handle.

True. A customer representative may only perform customer representative duties as to the specific general lines insurance products which their supervising, General Lines Agent, is actually then appointed by an insurer to handle.

True of False? A loan officer may not solicit or sell insurance in connection with a loan but she may refer the loan customer to another insurance agent who is not involved in the application, solicitation, or closing of the same loan transaction.

True. A loan officer may not solicit or sell insurance in connection with a loan but she may refer the loan customer to another insurance agent who is not involved in the application, solicitation, or closing of the same loan transaction.

True or False? According to Florida Statute 624.09 an "authorized" insurer is one with an authorized certificate of authority issued by the department to transact insurance in this state.

True. According to Florida Statute 624.09 an "authorized" insurer is one with an authorized certificate of authority issued by the department to transact insurance in this state.

True or False? All classes of commercial risk are eligible for a CPP.

True. All classes of commercial risk are eligible for a CPP.

True or False? An insured injured by an uninsured motorists is entitled to the broadest coverage for any insured vehicle of his auto policy's UM coverages.

True. An insured injured by an uninsured motorists is entitled to the broadest coverage for any insured vehicle of his auto policy's UM coverages.

True or False? An insured's Collision coverage covers loss from the collision, upset, or overturn of an insured vehicle.

True. An insured's Collision coverage covers loss from the collision, upset, or overturn of an insured vehicle.

True of False? Any person offering the sale of insurance at the time of and in connection with an application or extension of credit must disclose so in writing.

True. Any person offering the sale of insurance at the time of and in connection with an application or extension of credit must disclose so in writing.

True of False? "Bodily Injury" means bodily harm, sickness or disease and resulting death.

True. Bodily Injury" means bodily harm, sickness or disease and resulting death.

True or False? Business income provides coverage to offset the business income loss associated with damage to the insured's business due to a covered peril.

True. Business income provides coverage to offset the business income loss associated with damage to the insured's business due to a covered

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.

True. 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.

True or False? Commercial Excess Liability does not include broadened coverage.

True. Commercial Excess Liability does not include broadened coverage.

True or False? The Commercial Property Insurance policy requires a 10 day notice for non-payment of premium.

True. Commercial Property Insurance policy requires a 10 day notice for non-payment of premium.

True or False? Ethics is the study of moral behavior and is the cornerstone of professionalism in the insurance industry.

True. Ethics is the study of moral behavior and is the cornerstone of professionalism in the insurance industry.

True of False? Farm Liability excludes liability for pollutants and injury to farm employees.

True. Farm Liability excludes liability for pollutants and injury to farm employees.

True or False? Florida Statutes prohibit PEOs from sponsoring self-insured health plans.

True. Florida Statutes prohibit PEOs from sponsoring self-insured health plans.

True of False? Florida law prohibits discrimination based upon the factors of race, color, creed and marital status.

True. Florida law prohibits discrimination based upon the factors of race, color, creed and marital status.

True or False? Florida law requires General Lines Agents to be licensed.

True. Florida law requires General Lines Agents to be licensed.

True or False? Florida law requires a liability insurer to disclose full policy information to a claimant upon written request.

True. Florida law requires a liability insurer to disclose full policy information to a claimant upon written request.

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

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

True or False? In a Health Insurance policy the written application becomes part of the policy?

True. In a Health Insurance policy the written application becomes part of the policy?

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

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

True or False? In the Business Auto Policy PIP, UM, and Medical Payments must be added by endorsement.

True. In the Business Auto Policy PIP, UM, and Medical Payments must be added by endorsement.

True of False: In the CGL if the named insured is a limited liability company, the members and managers are insureds in the status as such.

True. In the CGL if the named insured is a limited liability company, the members and managers are insureds in the status as such.

True of False? In the Commercial Property coverage Form Building coverage includes: refrigerating, ventilating, cooking, dish-washing, and laundering appliances.

True. In the Commercial Property coverage Form Building coverage includes: refrigerating, ventilating, cooking, dish-washing, and laundering appliances.

True or False? In the Commercial Property policy Subrogation can be waived?

True. In the Commercial Property policy Subrogation can be waived?

True or False? Mechanical Breakdown coverage is conditioned upon proper cleaning, servicing, and notice of loss.

True. Mechanical Breakdown coverage IS CONDITIONED upon proper cleaning, servicing, and notice of loss.

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

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

True or False? Part E of the PAP requires the insured to cooperate and to protect against any further loss.

True. Part E of the PAP requires the insured to cooperate and to protect against any further loss.

True or False: Supplemental Payments are payable in addition to the CGL's policy limits.

True. Supplemental Payments are payable in addition to the CGL's policy limits.

True or False? The BOP covers property in the care, custody, and control of the insured for which the insured is legally liable.

True. The BOP covers property in the care, custody, and control of the insured for which the insured is legally liable.

True or False? The BOP's liability coverage applies on a per occurrence basis.

True. The BOP's liability coverage applies on a per occurrence basis.

True or False? The Broad Form Causes of Loss includes coverage for water damage from accidental discharge or leakage of water or steam.

True. The Broad Form Causes of Loss includes coverage for water damage from accidental discharge or leakage of water or steam.

True or False? The Commercial Property Insurance Mortgagee Clause states that acts of an insured are not bars to recovery by the Mortgagee.

True. The Commercial Property Insurance Mortgagee Clause states that acts of an insured are not bars to recovery by the Mortgagee.

True of False? The Farm Liability coverage form covers personal and advertising injury.

True. The Farm Liability coverage form covers personal and advertising injury.

True or False? The PAP excludes Part D coverage if the covered auto is destroyed or confiscated by governmental or civil authorities.

True. The PAP excludes Part D coverage if the covered auto is destroyed or confiscated by governmental or civil authorities.

True of False? The PAP's Liability coverage requires the insurer to provide a defense for the insured up to the policy limits.

True. The PAP's Liability coverage requires the insurer to provide a defense for the insured up to the policy limits.

True or False? The farm exposure has both individual and business exposure.

True. The farm exposure has both individual and business exposure.

True or False? The naming of a Loss Payee on the PAP Declarations ensures: claims payments under Coverage D will be paid jointly to both named insured and Loss Payee.

True. The naming of a Loss Payee on the PAP Declarations ensures: claims payments under Coverage D will be paid jointly to both named insured and Loss Payee.

True or False? Transportation Expense coverage applies only if Other Than Collision and/or Collision coverage is provided by an insured's policy.

True. Transportation Expense coverage applies only if Other Than Collision and/or Collision coverage is provided by an insured's policy.

True or False? Under the No Fault law a motor vehicle is defined as a self-propelled vehicle with four or more wheels which are of a type both designed and required to be licensed for use on Florida highways.

True. Under the No Fault law a motor vehicle is defined as a self-propelled vehicle with four or more wheels which are of a type both designed and required to be licensed for use on Florida highways.

True of False? Uninsured Motorist coverage applies if the at fault parties insurer is SOLVENT.

True. Uninsured Motorist coverage applies if the at fault parties insurer is SOLVENT.

True of False? Uninsured Motorist coverage applies if the insured is hit by a hit and run motorists.

True. Uninsured Motorist coverage applies if the insured is hit by a hit and run motorists.

True or False? Uninsured Motorists (UM) coverage pays compensatory damages for bodily injuries for amounts which otherwise should have been recovered from the liability insurance of another.

True. Uninsured Motorists (UM) coverage pays compensatory damages for bodily injuries for amounts which otherwise should have been recovered from the liability insurance of another.

True or False? Uninsured Motorists coverage does not apply towards punitive or exemplary damages.

True. Uninsured Motorists coverage does not apply towards punitive or exemplary damages.

True or False? Willfully over insuring a health or property policy can be grounds for terminating an insurance license.

True. Willfully over insuring a health or property policy can be grounds for terminating an insurance license.

An agent has knowingly made some misleading representations to sell an insurance policy.

Twisting is knowingly making any misleading representations as an inducement.

Kennedy Johnson was injured in an accident that was Fred Berry's fault. Fred did not carry any insurance on his vehicle. Kennedy was in the course and scope of his employment at the time of the accident. He has collected against his employer's Workers Compensation carrier, which of the following apply? (a) Kennedy can collect against his UM coverage. (b) Kennedy can collect against his PIP and UM. (c) Kennedy can collect against his PIP, Medical Payments, and UM. (d) UM is not available to Kennedy if he has collected for his injuries with his employer's Workers Compensation.

UM is not available to Kennedy if he has collected for his injuries with his employer's Workers Compensation.

Unauthorized entities present a regulatory concern because they have the potential for __________ claims.

Unauthorized entities present a regulatory concern because they have the potential for unpaid claims.

Under Florida's Workers' Compensation laws a sole proprietor or partner: (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.

Under Florida's Workers' Compensation laws a sole proprietor or partner is considered to be the employer and not an employee.

Under Florida's Workers' Compensation laws illegal drug use, intoxication, or intentional acts to injure or kill: (a) Bar an employee's claim. (b) Do not bar an employee's claim. (c) The law does not address: Illegal drug use, intoxication, or intentional acts. (d) None of the above.

Under Florida's Workers' Compensation laws illegal drug use, intoxication, or intentional acts to injure or kill "bar an employee's claim'.

Under Florida's Workers' Compensation laws penalties for non-compliance include: (a) Business is guilty of first-degree misdemeanour. (b) Business is guilty of second-degree misdemeanour. (c) Business is guilty of third-degree misdemeanour. (d) Business is guilty of a felony.

Under Florida's Workers' Compensation laws penalties for non-compliance include a second-degree misdemeanor.

Under Florida's Workers' Compensation laws the definition of an employee requiring coverage includes: (a) Full time, part time and day labor. (b) Full time only. (c) Full time and part time only. (d) None of the above.

Under Florida's Workers' Compensation laws the definition of an employee requiring coverage includes full time, part time and day labor.

Under Florida's Workers' Compensation laws the three categories of benefits are: (a) Medical expenses, disability, and death benefits. (b) Medical expenses, legal expenses, filing expenses. (c) Municipal expenses, disability, and filing expenses. (d) None of the above.

Under Florida's Workers' Compensation laws the three categories of benefits are medical expenses, disability, and death benefits.

Under the ISO BOP policy Liability and Medical Payments coverages are written on a ___________ ___________ basis.

Under the ISO BOP policy Liability and Medical Payments coverages are written on a per occurrence basis.

Under the No Fault law a motor vehicle is defined as? (a) Mobile Homes. (b) Public school buses. (c) Taxicabs. (d) Self-propelled vehicles with four or more wheels which are of a type both designed and required to be licensed for use on Florida highways.

Under the No Fault law a motor vehicle is defined as a self-propelled vehicle with four or more wheels which are of a type both designed and required to be licensed for use on Florida highways.

Unfair Claim Settlement Practices include: _________ to adopt and implement standards for the proper investigation of claims; and _________ to acknowledge and act promptly upon communications with respect to claims.

Unfair Claim Settlement Practices include: failing to adopt and implement standards for the proper investigation of claims; and failing to acknowledge and act promptly upon communications with respect to claims.

Knowingly making or permitting any unfair discrimination between individuals of the same actuarially supportable class.

Unfair Discrimination

Unfair claim settlement practices include failing to adopt and implement standards for the proper investigation of _________.

Unfair claim settlement practices include failing to adopt and implement standards for the proper investigation of claims.

Unfair claim settlement practices include failing to promptly provide a reasonable explanation in writing as to the reasons for the _______ of a claim.

Unfair claim settlement practices include failing to promptly provide a reasonable explanation in writing as to the reasons for the DENIAL of a claim.

Unfair methods of competition include using an advertisement, announcement, or statement containing any assertion, representation, or statement with respect to the business of insurance, which is untrue, __________________, or misleading.

Unfair methods of competition include using an advertisement, announcement, or statement containing any assertion, representation, or statement with respect to the business of insurance, which is untrue, deceptive, or misleading.

This model law that states when an insured and beneficiary die at the same time, it is presumed that the insured survived the beneficiary.

Uniform Simultaneous Death Act

Unstacked Uninsured Motorists must be offered at? (a) Increased Rates. (b) Reduced Rates. (c) Excess Rates. (d) Primary Rates.

Unstacked Uninsured Motorists must be offered at REDUCED RATES. .

Unstacked uninsured motorists differs from stacked uninsured motorists coverage in which of the following ways? (a) Unstacked coverage limits are limited to the vehicle involved in the accident. (b) Unstacked insurance is more expensive. (c) Unstacked coverage is broader. (d) All of the above.

Unstacked coverage limits are limited to the vehicle involved in the accident.

Wind Mitigation protection for "openings" must pass this test.

Wind Mitigation protection for "openings" must pass the "Large Missile Test".

The Citizens' Wind-only policy covers losses from ________________and __________.

Windstorm and Hail

Write Your Own Flood programs are backed 100% by ________.

Write Your Own Flood programs are backed 100% by the NFIP.

Susan Studip has been convicted of driving under the influence of alcohol. Has she pierced Florida's Financial Responsibility law? (a) Yes and she must carry liability limits of $100,000/$300,000/$50,000. (b) Alcohol related offenses do not trigger Florida's Financial Responsibility . (c) Yes and she may post a bond if she does not carry the prescribed liability limits. (d) Both A and C.

Yes and she may post a bond if she does not carry the prescribed liability limits.

123-XXX Your insured, Betty Goodgirl, has been involved in an at fault auto accident in which another party was injured. She carries 10/20/10 limits. Has your insured satisfied Florida's Financial Responsibility law? (a) No, she has injured another party in an automobile accident. (b) Yes, as she carries liability limits greater than or equal to 10/20/10. (c) No, she will have to settle the matter in a court of law. (d) None of the above.

Yes, Betty has satisfied Florida's Financial Responsibility law as she carries liability limits greater than or equal to 10/20/10.

Your insured, Paint, Paint & More Paint, has two owners, Dan and Doug Moore. Dan and Doug have exempted themselves from Workers Compensation with a filing with Florida's Department of Labor. Both Dan and Doug own 50% of the company. Is this permissible under Florida's Workers Compensation Laws? (a) Yes, Florida law permits a construction exposure to exempt up to three officers who own a minimum of 10% of the corporation. (b) Yes, Florida law permits a construction exposure to exempt up to three officers who own a minimum of 20% of the corporation. (c) Yes, Florida law permits a construction exposure to exempt up to three officers who own a minimum of 30% of the corporation. (d) Yes, Florida law permits a construction exposure to exempt up to three officers who own a minimum of 50% of the corporation.

Yes, Florida law permits a construction exposure to exempt up to three officers who own a minimum of 10% of the corporation.

Mrs. Tyler, your automobile insured, has been involved in an auto accident in which a vehicle was rendered inoperable. She carries 100/300/50 limits. Has she satisfied Florida's Financial Responsibility law? (a) No, she has rendered another auto inoperable in an accident. (b) Yes, as she carries liability limits greater than or equal to 10/20/10. (c) No, she will have to settle the matter in a court of law. (d) None of the above.

Yes, Mrs. Tyler has satisfied Florid's Financial Responsibility law as she carries liability limits greater than or equal to 10/20/10.

The insured's dealer changed the oil in your insured's auto did not tighten the oil filter sufficiently. Thereafter your insured's engine blew as a result of overheating after the oil leaked out of the lose filter. Can the insured make a compensable Mechanical Breakdown claim? (a) Yes, and the Mechanical Breakdown Insurer has subrogable rights against the responsible party. (b) Yes, but the Mechanical Breakdown Insurer does not have subrogable rights against the responsible party. (c) Yes, but the Mechanical Breakdown carrier will only pay its pro-rata share of loss with the insurer of the dealer. (d) No, oil leakage is specifically excluded.

Yes, and the Mechanical Breakdown Insurer has subrogable rights against the responsible party.

Your BAP insured has his truck damaged in an earthquake. He has Specified Causes of Loss coverage on the vehicle. Is the earthquake damage covered?

Yes, earthquake is a specified cause of loss in the Business Auto Policy.

Your BAP insured has suffered hail damage to his truck. He has Specified Causes of Loss coverage on the vehicle. Is the hail damage covered?

Yes, the hail damage is covered as the peril of "hail" is a Specified Cause of Loss.

Mrs. Murser, your BAP insured has suffered a theft loss to two vehicles in her fleet. She has Specified Causes of Loss coverage on the vehicles. Are these losses covered?

Yes, the losses are covered as "theft is a Specified Cause of Loss peril.

Your insured, Mr. Vickers, has been involved in an at fault auto accident in which another party was injured. He carries 50/100/50 limits. Has your insured satisfied Florida's Financial Responsibility law? (a) No, he has injured another party in an automobile accident. (b) Yes, as he carries liability limits greater than or equal to 10/20/10. (c) No, he will have to settle the matter in a court of law. (d) None of the above.

Yes, your insured has satisfied Florida's Financial Responsibility law as he carries liability limits greater than or equal to 10/20/10.

Your Homeowners insured has a motor vehicle in dead storage at the insured residence. Do they have liability coverage for that vehicle?

Yes; vehicles in dead storage at the insured residence are covered for liability coverage.

Little Richard, your auto insured has suffered a cracked driver's side window. He has a $1,000 Other Than Collision deductible but he was told that glass claims are not subject to a deductible. How will you advise your client? (a) You advise Little Richard that non-windshield glass claims are compensable under the Other Than Collision coverage subject to his $1,000 deductible. (b) You agree with your client but advise them that the $1,000 Other Than Collision deductible is per year and the side glass loss will count towards meeting the deductible. (c) You advise your client that all glass damage is paid first dollar and no deductible applies. (d) None of the above.

You advise Little Richard that non-windshield glass claims are compensable under the Other Than Collision coverage subject to his $1,000 deductible.

Your insured has advised you that she lives with her fiancé and wants to make sure that her policy will cover a vehicle which she and her fiancé own. (a) You advise her she is in need of Joint Ownership Coverage. (b) You advise her she is in need of Unrelated Custodian Coverage. (c) You advise her she is in need of Co-Owner Protection Endorsement. (d) None of the above.

You advise her she is in need of Joint Ownership Coverage. Joint Ownership Coverage is required when a PAP is issued to cover two or more relatives (whether or not residing together) or individuals residing together.

Your insured has suffered a cracked windshield and is concerned that his $1000 Comprehensive deductible exceeds the cost of replacing the windshield. How will you advise your client? (a) You advise your client that windshield glass is paid first dollar and no deductible applies. (b) You agree with your client but advise them that the $1000 Comprehensive deductible is per year and the windshield loss will count towards meeting the deductible. (c) You advise that glass losses are paid under the Collision coverage and you refer your client to their Collision deductible. (d) None of the above.

You advise your client that windshield glass is paid first dollar and no deductible applies.

You have an insured farmer who wants to cover his employees if injured. What endorsement will you use?

You have properly insured the exposure by endorsing his policy with the Farm Employers' Liability/Medical Payments Endorsement to cover injuries to Farm Employees.

The named insured has asked you if his Medical Payments coverage will apply as he was hit by a motor vehicle as a pedestrian. (a) You tell him that Medical Payments does cover injury sustained if struck as a pedestrian. (b) You tell him that Medical Payments does not cover injury if struck as a pedestrian. (c) You advise him to file a claim against his Homeowners insurance. (d) None of the above.

You tell him that Medical Payments DOES cover injury sustained if struck as a pedestrian.

Terrance Thomas, your Mechanical Breakdown insured, has read his policy and is concerned that only original parts are covered. How will you respond? (a) Agree with him as only original parts are covered. (b) Inform him that original and replacement parts are covered. (c) Disagree with him and advise that only replacement parts are covered. (d) None of the above.

You will Inform him that original and replacement parts are covered.

Mrs. Green, your PAP insured, has had her vehicle stolen in Mexico when she crossed the border on a California vacation to do a little shopping, which of the following apply? (a) You will advise Mrs. Green to obtain a Mexico Police Report to file her Comprehensive claim. (b) You will advise Mrs. Green that Mexico is not a covered territory in her policy and that her loss is not covered by her policy. (c) You will advise Mrs. Green that losses in Mexico come with a "double indemnity" penalty clause. (d) None of the above.

You will advise Mrs. Green that Mexico is not a covered territory in her policy and that her loss is not covered by her policy.

Zoe was injured in an auto accident by the negligence of a hit and run driver. Zoe's injuries are valued at $50,000. She has PIP with a $0 deductible and has recovered $10,000 from her PIP. She has UM coverage of $10,000/$20,000. How much is Zoe's UM recovery? (a) $10,000. (b) $20,000. (c) $50,000. (d) none of the above.

Zoe's UMBI recovery is $10,000.

The DP-1 policy covers limited named perils on an ____________ _________________ __________________ loss settlement basis.

actual cash value

Coverage through the FAJUA is written by:

agents with appointments

The insuring agreement for Garage Liability states: "We will pay all sums an 'insured' legally must pay as damages because of 'bodily injury' or 'property damage' to which this insurance applies caused by an _________ and resulting from 'garage operations'.

an accident

The Homeowners policy covers Renters in any type of ________________.

any type of building

The Citizens commercial policy will insure: (a) Hotels. (b) Boarding houses. (c) Apartment buildings. (d) Rooming houses.

apartment buildings

The Dwelling Program Coverage A covers: dwellings listed on the declarations page; building equipment on premises in service of the building; and _______________ _________________ on premises used for repairs.

building materials

Flood or Flooding is defined as the partial or complete inundation of two or more acres of normally dry land or of two or more properties from all BUT which of the following: (a) Overflow of inland or tidal waters. (b) Burst water pipe. (c) Runoff of surface waters. (d) Mudflow.

burst water pipe

The FAJUA servicing carriers carry-out Underwriting, Servicing, and ________________ activities.

claims

The owner of the life insurance policy can choose any of the following beneficiary classifications: primary, secondary, tertiary.

classifications of beneficiaries

The ______________ Provision allows the policyholder to control and direct benefits in the event of a "nearly simultaneous" death which has occurred as a result of a single accident.

common disaster

Provision added to a policy to provide an alternative beneficiary in the event that the insured as well as the original beneficiary dies as the result of a common accident.

common disaster provision

The FAJUA is a residual market for individuals not able to obtain automobile insurance in the private - _______________market.

competitive

One of the definitions of a total disability in a DI policy is the insured's _______________ ______________ to do any work.

complete inability

Your insured has a BAP and wants to know if Section II Liability provides coverage for completed operations...

completed operations are not covered

Additional Coverage under Section II of the Homeowners policy include: First Aid Expenses, loss easements, and damage to the property of ________________.

damage to the property of others

A private residential occupancy includes: dwellings under __________________; residences with up to two roomers or boarders; and mobile homes.

dwellings under construction

Flood insurance is available only for _______ buildings, or _______contents within _______ buildings, and only if the building or contents is located within an ______ community.

eligible buildings, eligible contents within eligible buildings located in an eligible community

What is the main benefit in using life insurance to benefit a charity?

eliminates contestability of proceeds by family members

Late payments for FWCJUA renewals are not accepted by the FWCJA and the policy ____________ at the end of the prior term.

expires

The ____________Provision permits an insurance company to pay benefits to a party not specifically named in the policy BUT whose right or claim against proceeds are valid and the payment is equitable under the circumstances.

facility-of-payment

Clause permitted under a uniform health insurance policy provision allowing the company to pay up to $1,000 of benefits or proceeds to any relative appearing entitled to it if there is no beneficiary or if the insured or beneficiary is a minor or legally incompetent.

facility-of-payment provision

True of False? FWCJUA policies have a grace period for renewal payments.

false

Insurable interest by a beneficiary exists when the death of the insured would cause a ______________ or hardship on the beneficiary.

financial loss

Covered sources of ___________ include: overflow of inland or tidal waters; unusual and rapid accumulation of runoff of surface waters from any source; or mudflow.

flooding

Medicare Supplement Insurance provides coverage for the ________, ______________, ____________________, and ______________in Federal Medicare.

gaps, deductibles, exclusions, and coinsurance

Which insurance policies are designed for the personal non-business risk including: owner occupied dwellings, residential renters and condominium unit owners.

homeowners policies

Citizens offers coverage for buildings under construction if.....

if the dwelling will be occupied by the named insured

Section II Liability of the Garage Policy does not apply to: expected or intended __________; employee injuries; or property in the insureds care, custody, or control.

injury

John Adams has purchased insurance on himself with The Adams Family Trust listed as beneficiary. When John dies, how will his family benefit from the insurance proceeds?

insurance proceeds paid to the trust and the trustee

Claims Expenses in Section II of the Homeowners policy pay for: defense cost, the premium on appeal bonds, and the interest on judgments.

interest on judgments

Beneficiary type whose interest cannot be revoked without the beneficiary's written consent, usually because the policyowner has made the beneficiary designation without retaining the right to revoke or change it.

irrevocable beneficiary

Section III Garagekeepers covers damage to a customers car in the care, custody, and control of the named insured if the insured is ____________ _____________.

legally liabile

Underwriting radius of operation includes: local radius of 50 miles; intermediate radius of 50 to 200 miles; and long distance over -____ miles.

long distance is over 200 miles

FWCJUA Tier Two eligible insureds must not have any ________ _________claims.

lost time

Preferred Provider Organizations (PPO) provide the insured with comprehensive health services with a focus on?

managed care, cost containment, and service flexibility

What is the "big deal" in making a life insurance benefit directly to a minor designated as beneficiary?

minors do not have the legal capacity to sign a release for the receipt of any policy

Barbara has designated her children are to receive the proceeds in equal share "per capita". If Barbara's oldest daughter Sally has pre-deceased her are any of Sally's children eligible to receive life insurance proceeds when Barbara (the insured) dies?

no

Your insured has a Garage Policy and wants to know if Section II Liability provides coverage for damage to property the insured owns?

no liability can result from an act by the insured to an insured's own property (i.e. they can't be liable to themselves) and therefore no coverage exist

Physicians Coverage reimburses an insured for _____-______________ __________.

non-surgical care

The Dwelling program eligibility includes: one to ________ unit family dwellings; dwellings rented to others by the owner; and dwellings owned by corporations.

one to four unit family dwellings

Changes to hurricane deductibles can be made when?

only at a policy's renewal

In the Commercial Property policy personal property of others is covered where?

only at the insured location

Death proceeds from an insurance policy are divided equally among the living primary beneficiaries.

per capita

Death proceeds from an insurance policy are divided equally among the named beneficiaries. If a named beneficiary is deceased, the beneficiary's share then goes to the living descendants of that individual.

per stirpes

Ronald McDonald names his wife Rhonda as primary beneficiary and his two married children, Roxie and Jonnie, as secondary beneficiaries If Rhonda and Jonnie die before Ronald AND Jonnie's share of the proceeds are divided equally among his two children at Ronald's death. Then, Ronald McDonald must have chosen which type of distribution?

per stirpes

Coverage C Personal Property in the Homeowners policy covers______________ _______________.

personal property

Coverage C in the Homeowners policy.

personal property

The sole right to make and change beneficiaries belongs to the ______________ .

policyowner

Which beneficiary type is first in line to receive life insurance proceeds?

primary

FWCJUA insureds are entitled to a _____ refund if they obtain coverage from an authorized insurer.

pro-rata

Legal Liability Coverage Form indemnifies the insured for their legal liability for?

property damage to an other's property

The BAP's Section II Liability coverage does not apply to organized racing; or ____________ in the insureds care, custody, or control.

property in the insureds care, custody, or control

Velma, the policyowner and insured, signed a beneficiary change form on December 1st and mailed it to her insurance company. The company received and processed the change request on December 14th but used the date of Velma's signing as the change date. This is referred to as the ________ method.

recording

In the Homeowners policy Section II Liability includes the following as insureds: the named insured, residing spouse of named insured, and residing ________________ of named insured.

residing relatives

Beneficiary type whose interest can be revoked without the beneficiary's written consent, usually because the policyowner has made the beneficiary designation without retaining the right to revoke or change it.

revocable beneficiary

In the Farm Policy Coverage E covers?

scheduled farm personal property

Individuals may name more than one beneficiary in any category whether primary, __________, or tertiary. The policyowner may apportion proceeds by either amount or percentage or fraction of total proceeds. #4083

secondary

Major Medical Insurance typically excludes injury or disease payable under Workers Compensation; treatment in a VA or government hospital; or any intentionally ______-___________ injuries.

self-inflicted injuries

BAP rating usage categories do include: retail, commercial, and __________ usage.

service

This clause stipulates that policy proceeds shall not be subject to the claims of creditors of the beneficiary or policyowner.

spendthrift trust clause

Jerry has listed his spouse, Susan, as primary beneficiary and his son from his first marriage as secondary beneficiary. Jerry suddenly and without warning passed away. Who will receive the life insurance proceeds?

susan

Vehicles in the Garage Policy are designated using this nomenclature.

symbolic nomenclature

Which beneficiary type is last in line to receive life insurance proceeds? (a) Primary (b) Secondary (c) Tertiary (d) Extra-Terrestrial

tertiary

Under which provision are "court cost and prejudgment interest" and "interest on judgments and cost of bonds to release judgments" litigation" related expenses paid or payable to the insured?

the CGL's Supplementary Payments

John owns a life insurance policy on Tom; Tom is John's brother and business partner. John has designated himself as the beneficiary. Which type of application is this?

third-party application

Definitions of ___________ _____________in a DI policy include: complete inability to do any work; the inability to work in an occupation for which the insured is qualified by reason of education, training or experience; or if the insured is unable to perform the duties of his or her own occupation.

total disability

Major Medical Insurance typically EXCLUDES: (a) Physicians and surgeons fees. (b) Operating room. (c) Treatment in a VA or government hospital. (d) Medical expenses including lab work.

treatment in a VA or government hospital

The commercial auto definition of a person, firm or corporation in the business of transporting goods, materials or commodities for another.

trucker

True or False. The law prohibits a disinterested third party to speculate on the life of an insured when no insurable interest exists.

true

The FWCJUA was created to provide coverage for employers unable to obtain Workers Compensation in the voluntary market from at least ___ carriers.

two

What is the maximum number of roomers and boarders allowable under the HO-3.

two roomers and boarders

The _______________ stipulates if both insured and beneficiary die concurrently AND there is not sufficient evidence to show who died first; any policy proceeds are to be distributed as if the insured died last.

uniform simultaneous death act

Eligible insured Locations for Section II - Liability coverage in the Homeowners policy include: newly acquired residences during the policy period; temporary residences used for non-business use; and __________ land owned by the insured.

vacant land

The insured may transfer their CGL policy to another party if the insurance company agrees to the transfer AND the transfer is done in __________.

writing

Barbara has designated her children are to receive the proceeds in equal share "per stirpes". If Barbara's oldest daughter Sally has pre-deceased her are any of Sally's children eligible to receive life insurance proceeds when Barbara (the insured) dies?

yes