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FLORIDA PERSONAL LINES LICENSE EXAM LATEST ACTUAL EXAM 80 QUESTIONS AND CORRECT ANSWERS
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FLORIDA PERSONAL LINES LICENSE EXAM LATEST ACTUAL EXAM 80 QUESTIONS AND CORRECT ANSWERS
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FLORIDA PERSONAL LINES LICENSE EXAMLATEST ACTUAL EXAM 80 QUESTIONS AND
CORRECT ANSWERS
Terms in this set (93)
which part of an insurance A. Additional coverage
policy covers claims-related
expenses, reasonable
expenses incurred by an The additional coverage portion of a policy provides an
insured to protect damage additional amount of coverage for a specific loss
property from further loss, expense, at no additional premium.
or defense expenses?
A. Additional Coverage
B. Exclusion
C. Declaration
D. Insuring Agreement
Agents who persuade B. Twisting
insureds to cancel a policy
in favor of another one
when it might not be in the Twisting is a misrepresentation that persuades an insured
insured's best interest are or policyowner, to his or her detriment, to cancel, lapse,
guilty of or switch policies
A. Rebating
B. Twisting
C. Defamation
D. Misrepresentation
,Who would participate in a C. Private Insurers that wish to write and service National
Write Your Own (WYO) Flood Policies on a no-risk-bearing basis
Flood insurance Program?
a WYO program made up of private insurers that write
A. Government insurance and service National Flood Insurance policies on a no
companies that write and risk bearing basis through a special arrangement with
service National Flood the Federal Insurance Administration. WYO program
Insurance Policies retains part of the flood insurance premium to pay for
B. Businesses requiring commissions and administrative costs. The Remaining
National Flood insurance premiums, pluss investment, are used to cover losses.
policies
C. Private Insurers that wish
to write and service
National Flood Policies on a
no-risk-bearing basis
D. Lloyd's associations
Rental Reimbursement is B. Other than Collision Coverage
only available if the policy
includes which coverage? This endorsement is only available in the policy includes
other than collision coverage. This endorsement will
A. named nonowner reimburse the insured for a rental charges incurred
coverage because the covered auto is out of use because of a
B. Other than Collision covered loss.
coverage
C. Extended Nonowned
Coverage for Named
Insured
D. Towing and Labor Costs
,while an insured covered A. Any vehicle not owned by the insured, but furnished
auto is in the repair shop for use while the covered auto is out of normal use
following damage by a because of repair
collision, the insured would
have coverage for which of
the following vehicles under
a personal auto policy?
A. Any vehicle not owned
by the insured, but
furnished for use while the
covered auto is out of
normal use because of
repair
B. Any vehicle use by the
insured without the
reasonable belief that the
insured is entitled to use
such vehicle
C. Any auto furnished for
the insured's regular use,
but not named on the
policy
D. Any vehicle while located
inside a racing facility for
the purpose of racing
, The Florida automobile joint A. Agents do not have binding Authority
underwriting association
(FAJUA) is a market source
for person unable to Agents have authority to immediately bind coverage
purchase auto insurance upon securing a completed and signed application upon
thought the standard payment of the require premium deposit by the
markets. All of the following applicant.
statements concerning
(FAJUA) are TRUE, EXCEPT
A. Agents do not have
binding Authority
B. Coverage is available to
military nonresident
stationed in Florida.
C. Private passenger auto
are eligible for liability
coverage with limits up to
100/300/50, PIP, U/M.
D. Each licensed agent in
Florida is assigned to one
of the servicing carries with
which the agent places all
risks to be insured in FAJUA
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