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Florida 2-20 Agents License Exam Questions And Answers Rated A+ 2024/25. The Florida Surplus Service Lines Office (FSLSO) was created to - correct answer. oversee the surplus lines industry in the state Which of the following is NOT a required qualification for a General Lines Agent: - correct answer. Seeking the license only to write controlled business The Department of Financial Services performs the following, EXCEPT: - correct answer. Pays insuranc...

Auto Assigned Risk Plan - The Commissioner must develop a Assigned Risk Plan. Applicants who are in good faith entitled to but are unable to procure auto insurance through the ordinary market. All auto Insurers must subscribe to the Assigned Risk Plan. Autos - Proof of Financial Responsibility - Show proof of insurance requested by a police officer; and at the time of of accident. Insurers must provide each policyholder with an Insur ID card, Personal auto policies must be issued for a peri...

NJ PSI Property and Casualty Exam Updated Questions and Answers _ 100% A+ Graded The Mobile Home Endorsement of a Homeowners policy affords coverage to mobile homes under the? A. HO-1 (Basic Form) B. HO-2 (Broad Form) C. HO-3 (Special Form) D. HO-2 or HO-3 (Broad and Special) - CORRECT ANSWER-D. HO-2 or HO-3 (Broad and Special) All of the following are eligible for coverage under Homeowners policy except? A. A condominium unit owner. B. A farm owner. C. A mobile home owner. D. A te...

Defense Costs - •Defense costs can be huge. Good thing the Liability Section covers loss IN ADDITION to the policy limits. •This means that the costs of defense will not erode the coverage limits available for payment of claims. •But, the duty to defend ENDS when limits have been exhausted through actual payment of claims Part C: Why do we need this? - • A compulsory insurance law requires motorists to carry at least a minimum amount of liability insurance before the vehicle can be ...

Florida 2-20 Agents License Exam Questions With Verified Answers 2024/2025 The Florida Surplus Service Lines Office (FSLSO) was created to - answeroversee the surplus lines industry in the state Which of the following is NOT a required qualification for a General Lines Agent: - answerSeeking the license only to write controlled business The Department of Financial Services performs the following, EXCEPT: - answerPays insurance claims Once license, you have how long to obtain an appointme...

The causes of loss insured against in an insurance policy are known as - Perils Before an insurer will pay any loss under a policy, what is usually required from the insured? - Proof of loss An insured works outside the home. The insured's sister lives with him and cares for his four children. When the insured's home is severely damaged by fire, the family moves into an apartment while repairs are being made. The largest apartment available in the area has two bedrooms, so the insured's ...

Personal Lines Insurance Practice Exam Questions and Answers Latest | 100% Correct. Bobby, age 16, borrows his parents' car without their permission and gets into an accident. Which of the following statements about coverage under the parents' personal auto policy is CORRECT? A) Bobby is covered by his parents' policy because he is included in the definition of named insured. B) Bobby is not covered for this accident because he used the car without permission. C) Bobby is not covered ...

Binder - Temporary insurance Usually given by the agent—verbal or in writing Can be canceled by the company Does not guarantee a policy will be issued Automatically ends if a policy is issued by the underwriter Assigned risk plans - A plan through which people can buy insurance if they are unable to purchase insurance in the regular or voluntary market, because of their high risk or other factors. An insurer who terminates an appointment, employment, or other relationship of an agent mu...

An insured who wants Physical Damage coverage for her boat can obtain it with A. Homeowners insurance correct answers Outboard Motor and Boat insurance Outboard Motor and Boat insurance provides correct answers open peril Physical Damage coverage for boats Each of the following is true about umbrella liability policies EXCEPT: correct answers The coverage is only available for commercial risks. Umbrellas may be written for businesses or individuals. Personal umbrellas provide correct an...

Personal Lines Insurance Practice Exam Questions and Answers Latest | 100% Correct. Bobby, age 16, borrows his parents' car without their permission and gets into an accident. Which of the following statements about coverage under the parents' personal auto policy is CORRECT? A) Bobby is covered by his parents' policy because he is included in the definition of named insured. B) Bobby is not covered for this accident because he used the car without permission. C) Bobby is not covered ...