Florida General Lines Agent Exam
questions
A contractor employed a subcontractor and the subcontractor negligently left a pit open on the
job website and a infant fell in the hollow and was injured. Would the contractor be held
responsible for the negligence of the subcontractor? - ANS-The contractor could be held legally
legal responsibility for the movements of any employee under the vicarious liability regulation.
A contractor's worker fell off a roof he become repairing for the contractor and changed into
injured. What CGL insurance would reply to the worker's damage? - ANS-No CGL insurance
would reply to worker accidents
A customer changed into injured from a circumstance that existed on the premises of an
insured's commercial enterprise. What CGL coverage could guard the enterprise proprietor
need to the purchaser sue for prison damages? - ANS-The premises legal responsibility
insurance.
A Florida resident with 10/20/10 liability limits got in an twist of fate in a kingdom that requires
25/50/10 liability limits under that kingdom financial duty law. What restriction could follow to the
twist of fate inside the other country? - ANS-25/50/10, the other country required restrict could
apply
A Florida resident with physical harm coverage concern to a deductible of $500 got in an twist of
fate that harm the car glass and it would cost $1,500 to repair. What insurance could apply to
the glass harm? - ANS-$1,500 (no deductible practice to glass damage in Florida
A house owner employed a contractor to set up carpet and his son become injured all through
the installation of the carpet. What CGL coverage could protect the contractor if the owner of a
house sued for the injury of his son?
A.The operations legal responsibility coverage
b.The merchandise legal responsibility insurance
c.The premises legal responsibility coverage
d.The finished operations legal responsibility coverage - ANS-b
A character turned into injured because of tainted meals delivered at his domestic with the aid of
a eating place. What CGL coverage might cover the restaurant proprietor have to the individual
sue for felony damages? - ANS-The product legal responsibility coverage.
A individual became injured from gas escaping from a fuel pipe after a contractor installed a gas
heater. What CGL coverage might cowl the contractor have to the man or woman sue for legal
damages? - ANS-The completed operations liability coverage
A individual who does not own an auto, however is needed to comply (file SR-22) with Florida
monetary duty law for use of non-personal motors, can buy? - ANS-The named non-proprietor
coverage
,A coverage with one restrict that could follow to all losses that occur at some stage in the
coverage duration could be taken into consideration as what type of liability restrict? -
ANS-combination restriction of legal responsibility
A property is insured with a franchise deductible of $500 and there's a $5,000 loss. What
quantity of the loss might be payable by means of the insurer? - ANS-$5,000 (the entire loss
could be paid because the loss exceed the deductible).
A property coverage is insured with a preferred deductible of $500 and there's a lack of $5,000.
What might the insurer pay for the loss? - ANS-$four,500 ($5,000 - $500)
A belongings worth $one hundred,000 is insured for $56,000 on a assets coverage that has a
coinsurance requirement of 80%. What quantity of the loss is payable through the insurer if
there may be a lack of $20,000? The coinsurance system is C / R x L where C is the quantity of
coverage CARRIED by means of the insured at the belongings. R is the quantity of insurance
insurance REQUIRED via the insurer based totally at the coinsurance requirement and L is the
amount of the LOSS. The quantity payable for the loss could be? - ANS-loss would be $14,000
($fifty six,000 / $eighty,000 (eighty% of $one hundred,000) x $20,000.
A assertion of truth this is made part of an coverage agreement and a breach would result in the
settlement being voidable through the insurer is?
A.A concealment
b.A representation
c.A misrepresentation
d.A guarantee - ANS-d
All of the subsequent are coverages beneath the storage liability insurance besides?
A.Liability as a consequence of the premises of a garage business
b.All are protected
c.Liability arising from the operations of a storage commercial enterprise
d.Liability arising from faulty merchandise and faulty workmanship - ANS-b
An agreement that will pay on behalf of an insured as defined by using the coverage or
coverage the amount that the insurer is legally responsible for as much as the limits of the policy
is taken into consideration? - ANS-legal liability
An insured auto is insured for $30,000 liability coverage that applies to both physical damage
and belongings damage would be taken into consideration as?
A.Single restrict of legal responsibility
b.Total liability
c.Aggregate restrict of legal responsibility
d.Split limits of liability - ANS-a
An insured has $10,000 PIP coverage with $1,000 deductible and were given in an twist of fate
that resulted clinical fees of $eleven,000. What is the PIP insurance for the scientific expenses?
- ANS-$8,000 ($11,000 - $1,000 deductible @ 80%);Note:if after the calculation the amount had
passed the insurance restrict of $10,000 then the amount could have been the insurance
restriction as the loss can't exceed the coverage restrict
, An insured has 2 CGL regulations on an occurrence basis. Policy A coverage turned into from
1/1/2011 to twelve/31/2011. Policy B changed into from 1/1/2012 to 12/31/2012. A loss passed
off on 12/01/2011 and stated to the insurer on 1/15/2012. What policy would cover the loss? -
ANS-Policy A would cowl the loss as it came about at some point of its policy duration of
one/1/2011 to 12/31/2011.
An insured has a $a million Umbrella policy and a non-public automobile coverage with
100/300/one hundred liability limits. The insured injured someone in an automobile twist of fate
resulting in damages of $800,000. What might the Umbrella policy would pay? - ANS-$700,000
($800,000 - $100,000 the man or woman automobile BI restriction)
An insured has a DP-1 coverage with a restrict of $100,000 on the living and the unattached
storage was absolutely destroyed through fireplace and it will cost $15,000 to be repaired. What
is the coverage limit that might observe to the damage storage? - ANS-$10,000 (10% of
$100,000)
An insured's failure to expose applicable data known to the insured is considered as? -
ANS-concealment
An unfaithful declaration made with the aid of an applicant for insurance insurance could be
taken into consideration as? - ANS-misrepresentation
Buildings are eligible for flood coverage within the following conditions except?
A.50% or more of the value of the building have to be above ground
b.The building should be one hundred% finished
c.2 or greater of the outside walls should be completed
d.The roof must be completed and attached to the structure - ANS-b
Calculate the amount payable for a loss of $50,000 based totally on a assets this is worth $two
hundred,000 and the belongings is insured for $a hundred and twenty,000 on a coverage that
requires a coinsurance amount of eighty%?
A.$37,500 ($120,000 / $160,000 (80% of $two hundred,000) x $50,000)
b.$10,000 (20% of $50,000)
c.$50,000 (100% of $50,000)
d.$forty,000 (80% of $50,000) - ANS-a
Commercial belongings insurance insurance can be void for the subsequent motives besides?
A.Intentional concealment of fabric information
b.Intentional misrepresentation of material data
c.All might follow
d.Fraud committed with the aid of an insured - ANS-c
Coverage for motors of vehicle dealers is typically written below what coverage shape? -
ANS-On a blanket foundation which means one restriction would apply to anybody loss.
Flood insurance for contents are eligible while? - ANS-When the constructing is absolutely
enclosed
Flood losses are usually settled below what agreement method? - ANS-The Actual coins price
(ACV) settlement approach
