Exam (elaborations)
Florida 4-40 test Questions and Answers 2024
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Exam of 14 pages for the course Florida general lines at Florida general lines (Florida 4-40 test)
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Florida 4-40 testTransferring 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
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 - answerPersonal Injury Protection
Pip coverage is - answerPrimary
Tort Immunity - answerRelief for persons who have suffered harm from the wrongful
acts of others
Extend PIP - answerTo fill percentage gaps
Additional PIP increases limits to... - answerIncrease dollar limit only 10,000 to 25,000
or more
Under Florida law what are the benefits payable for medical expenses - answer80%
Under Florida law what are the benefits payable for lost wages - answerUp to 60%
Death benefits - answer5,000
Deductibles are how much - answer$250,$500,$1000
Cease to defend - answerLimits exhausted by payment
, 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 - answerAt 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 - answer10/20/10
Which of the following does not trigger financial responsibility - answerAn accident with
a small amount of property damage
FR-44 is for - answerPeople who are convicted of dui or dwi
If convicted of a dui or dwi insured must - answerPiggy 100% of the premium in
advance also carry 100/300/50 liability insurance coverage for 3 years
How long with the insured receive medical care when qualifying under medical
payments - answerMedical Expenses and funeral services three years from date of
accident regardless of fault
Jon is walking across the street to go to the county fair and he is trucks as a pedestrian
buy a motorcycle which of the following provides coverage? - answerMedical payments
There is no deductible on - answerWindshield damage
Rental coverage cost - answer$20 a day / $600 maximum
If the insured wants to purchase coverage for a non-owned auto when he uses the
vehicle for business or the car is furnished or his regular use or when he carries people
or property for a fee what would he purchase - answerThe extended non-owned
endorsement
If the insured wants to purchase coverage for a motorhome motorcycle all terrain
vehicle golf cart or June buggy how can he acquire the coverage under Pap? -
answerThe miscellaneous type vehicle endorsement
What is that Applicable time frame for insurer to send Notification of cancellation or non-
renewal - answer45 days
What is not eligible for Fajua? - answerA nonresident owning property in Florida
Which of the following is the policy term for a used car on a mechanical breakdown
policy - answer12,000 or 12 months
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