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FLORIDA 4-40 TEST EXAM ACTUAL QUESTIONS WITH CORRECT VERIFIED ANSWERS 2024
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FLORIDA 4-40 TEST EXAM ACTUAL QUESTIONS WITH CORRECT VERIFIED ANSWERS 2024
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Page |1FLORIDA 4-40 TEST EXAM ACTUAL QUESTIONS
WITH CORRECT VERIFIED ANSWERS 2024
Transferring the risk to an insurance company is
known as what? - ....ANSWER >>>>Insurance
When the insured request to have the company
change a condition or provision in an insurance
policy the document attach to the policy is
referred to as what? - ....ANSWER
>>>>Endorsement
George and Sandy only home which was
damaged by fire who has insurable interest -
....ANSWER >>>>George and Sandy
, Page |2
What is the most common loss settlement
valuation in the property policies? - ....ANSWER
>>>>Actual cash value
The insurance company pays the insured for
damages that should have been collected from
the app fault party now the insured right to
seek damages from the airport party are
transferred to his insurance company what best
describes this concept - ....ANSWER
>>>>Subrogation
PIP - ....ANSWER >>>>Personal Injury Protection
Pip coverage is - ....ANSWER >>>>Primary
Tort Immunity - ....ANSWER >>>>Relief for
persons who have suffered harm from the
wrongful acts of others
Extend PIP - ....ANSWER >>>>To fill percentage
gaps
, Page |3
Additional PIP increases limits to... - ....ANSWER
>>>>Increase dollar limit only 10,000 to 25,000
or more
Under Florida law what are the benefits
payable for medical expenses - ....ANSWER
>>>>80%
Under Florida law what are the benefits
payable for lost wages - ....ANSWER >>>>Up to
60%
Death benefits - ....ANSWER >>>>5,000
Deductibles are how much - ....ANSWER
>>>>$250,$500,$1000
Cease to defend - ....ANSWER >>>>Limits
exhausted by payment
, Page |4
Before an owner of a vehicle can't obtain a
license plate and tag registration the owner
must purchase PIP coverage in property
damage liability coverage in the amount of -
....ANSWER >>>>$10,000
When will the individuals be requested to
prove they are financially capable three
different times - ....ANSWER >>>>At the time of
an accident ( 2 )a major traffic violation and (3)
an insurance vehicle is used in a felony
The minimum liability limits bar - ....ANSWER
>>>>10/20/10
Which of the following does not trigger
financial responsibility - ....ANSWER >>>>An
accident with a small amount of property
damage
FR-44 is for - ....ANSWER >>>>People who are
convicted of dui or dwi
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