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FLORIDA 2-20 STATE EXAM AND PRACTICE EXAM FINAL EXAM WITH ACTUAL CORRECT QUESTIONS AND VERIFIED DETAILED ANSWERS |FREQUENTLY TESTED QUESTIONS AND SOLUTIONS |ALREADY GRADED A+|BRAND NEW!!!|LATEST UPDATE |GUARANTEED PASS $24.99   Add to cart

Exam (elaborations)

FLORIDA 2-20 STATE EXAM AND PRACTICE EXAM FINAL EXAM WITH ACTUAL CORRECT QUESTIONS AND VERIFIED DETAILED ANSWERS |FREQUENTLY TESTED QUESTIONS AND SOLUTIONS |ALREADY GRADED A+|BRAND NEW!!!|LATEST UPDATE |GUARANTEED PASS

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  • Course
  • FLORIDA 2-20
  • Institution
  • FLORIDA 2-20

FLORIDA 2-20 STATE EXAM AND PRACTICE EXAM FINAL EXAM WITH ACTUAL CORRECT QUESTIONS AND VERIFIED DETAILED ANSWERS |FREQUENTLY TESTED QUESTIONS AND SOLUTIONS |ALREADY GRADED A+|BRAND NEW!!!|LATEST UPDATE |GUARANTEED PASS

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  • October 11, 2024
  • 80
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • FLORIDA 2-20
  • FLORIDA 2-20
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Dredward
FLORIDA 2-20 STATE EXAM AND
PRACTICE EXAM FINAL EXAM 2024-2025
WITH ACTUAL CORRECT QUESTIONS
AND VERIFIED DETAILED ANSWERS
|FREQUENTLY TESTED QUESTIONS AND
SOLUTIONS |ALREADY GRADED
A+|BRAND NEW!!!|LATEST UPDATE
|GUARANTEED PASS

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

The Basic Form Cause of Loss perils include:

riot or civil commotion

The Broad Form Cause of Loss perils include:

both falling objects and weight of ice snow or sleet

EXCLUDED property includes all BUT which of the following:

materials, equipment, and supplies on the insured premises used to alter or repair the insured building

In the Business Income policy the period of restoration begins how many hours after the date of direct
damage.

72

True or False. The Subrogation condition can be waived.

true

The Basic Form Cause of Loss perils include:

windstorm and hail
and smoke and vandalism

In the Commercial Property policy personal property of others is covered:


1|Page

,only at the insured location

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

false

The Broad Form Cause of Loss perils include:

falling objects and weight of ice snow and sleet

The Commercial Property Insurance policy requires a ___ day notice for non-payment of premium.

10

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

1,000

In the Commercial Property policy form business personal property "off-premises" is covered up to what
amount?

10,000

The Basic Form Cause of Loss perils include

riot or civil commotion

An insured has the following limits with the "basic" limits for Medical Payments coverage. What is the
basic limit for Medical Payments coverage?

5,000

The CGL condition which treats each insured independently and separate from all other insureds is:

separation of insureds condition

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

false

True or False? The Farm Liability coverage form covers personal and advertising injury.

true

True or False: The CGL's Supplemental Payments provide up to $300 per day for loss of earning for time
taken off of work in the investigation or defense of an insured's claim.

false

This Miscellaneous Medical Professions coverage form is defined as an act or omission in the rendering
of optometric services:

optometrist



2|Page

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

covers medical payments

True or False? "Who Is An Insured" as defined by the CGL is determined by the legal structure of the
insured's organization.

true

True or False: Employment Related Practices Liability includes a single limit of insurance which includes
damages and excludes defense expenses.

true

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:

follow form

This CGL coverage 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:

owners and contractors protective liability form

This Miscellaneous Medical Professions professional liability coverage form is defined as an act or
omission related to clinical-pathological exams and X-ray services:

medical or x ray laboratories

This CGL 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

True or False: Excess liability and Umbrella coverage are for the rich and famous only.

false

True or False: The CGL includes a common policy condition for inspection and surveys at the company's
discretion.

true

All of the following are EXCLUDED for BI and PD claims in the CGL EXCEPT:

ordinary negligence

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


3|Page

, Bodily Injury and Property Damage are EXCLUDED in the CGL by all BUT which of the following:

electronic data

In the CGL policy form the insurer may inspect books and records during the policy period and for ___
year(s) thereafter.

3

Bodily Injury and Property Damage are EXCLUDED by all BUT which of the following in the BOP policy?

pollution

True or False: The BOP covers property in the care, custody, and control of the insured for which the
insured is legally liable

true

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?

you can endorse the insured's BOP policy with hired and non-owned automobile liability coverage

What do you call a BOP written on a claims made form?

BOP is never written on a claims made form

Under the ISO BOP policy Liability and Medical Payments coverages are written on a ___________ basis

per occurence

True or False: The BOP's liability coverage applies on a per occurrence basis

true

Under the ISO BOP policy Liability and Medical Payments coverages are written on a ___________ basis

per occurence

The BOP's Fire Legal Liability coverage covers:

damage caused by an insured to a premises rented to the insured



which of the following statements are true?
Statement One: Pure Risk is only the chance of financial loss. Statement Two: Speculative Risk is the
chance of loss or gain.

both statements are true

Insurance companies are required to provide _____ day notice of either policy Renewal or Non-
Renewal.


4|Page

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