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2044 State License Exam Cards Questions and Answers 2024/2025( A+ GRADED 100% VERIFIED).
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2044 State License Exam Cards Questions and Answers 2024/2025( A+ GRADED 100% VERIFIED).
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2044 State License Exam CardsVictoria has an unendorsed HO-6 policy with $75,000 for Coverage C. While she is at work
someone breaks in and steals her cocktail ring valued at $2500. Ignoring the deductible, how
much will her policy pay? - ANS $1500
Under the loss settlement provision in the HO-3 policy, building losses on a properly insured
structure will be paid at: - ANS Replacement Cost less Deductible
Which of the following is not an insured location under Section II of the homeowners policy? -
ANS A rental dwelling the insured owns across town.
While helping Lisa move into her new home, Jay drops her new television set and it is
destroyed. It will cost $450 to replace it. How will Jay's HO-2 respond? - ANS Covered in full by
Section II under voluntary property damage.
All of the following are ways that liability limits can be expressed EXCEPT:
A. Single Limit
B. Aggregate Limit
C. Statutory Limit
D. Split Limit - ANS C. Statutory Limit
Paying the insured the actual cash value of a television that is three years old is a good
example of: - ANS Contract indemnity
The policy condition that says that coverage applies equally to each insured as if the other
insureds did not exist is called: - ANS Severability
All of the following are duties and functions of the Department of Financial Services EXCEPT:
A. Approve and review forms, rules, and rates
B. Investigate charges of unethical conduct
C. Supervision of claim activities
D. Approve the issuance of licenses to agents - ANS A. Approve and review forms, rules, and
rates
Which of the following does not trigger the Florida Financial Responsibility law?
A. Conviction of a DUI
B. An accident involving bodily injury
C. An accident where police are called
D. Any accident where a vehicle must be removed by a wrecker - ANS C. An accident where
police are called
, All of the following are penalties for non-compliance with the Florida Financial Responsibilities
law EXCEPT:
A. Owner is responsible for damages up to 10/20/10
B. Have your car impounded
C. Suspension of driver's license
D. Suspension of vehicle registration - ANS B. Have your car impounded
What would constitute a "Defined motor vehicle" under the Florida No-Fault Law? - ANS 18
wheel tractor trailer rig.
Which of the following situations requires nonresidents to comply with the Florida No Fault Law?
A. Own a residence in FL
B. Have a FL driver's license
C. Have a vehicle in FL for 60 consecutive days
D. Have a vehicle in FL more than 90 days the preceding 365 days - ANS D. Have a vehicle in
FL more than 90 days the preceding 365 days
Which of the following is not a benefit under Personal Injury Protection?
A. Medical Expenses Paid at 80%
B. Work loss paid at 60%
C. Death benefit of $5000
D. Replacement services paid at 90% - ANS D. Replacement services paid at 90%
All of the following are penalties for not complying with the No-Fault law EXCEPT:
A. Confiscation of auto
B. Personally liable for benefits under the No-Fault law
C. Loss of limited tort exemption
D. Suspension of auto registration and driver's license - ANS A. Confiscation of auto
Which statement below best describes the insured's position under the Florida No Fault Law
when the total medical and work loss bills exceeds the PIP benefits without exceeding a
threshold?
A. Insured can't sue if PIP is exhausted
B. Insured can sue for the economic loss not paid or payable under PIP; no suit for intangible
damages such as pain and suffering.
C. No recovery after PIP is exhausted
D. Insured can sue for intangible damages such as pain and suffering; no suit for the economic
loss not paid or payable under PIP - ANS B. Insured can sue for the economic loss not paid or
payable under PIP; no suit for intangible damages such as pain and suffering.
Extended PIP does which of the following? - ANS Provides payment for lost wages at 80%
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