FACHE Healthcare Quizzes with Correct Solutions Graded A+ Pass 100%
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Course
FACHE
Institution
FACHE
Activities of Daily Living (ADLs) - CORRECT ANSWER -measure a person's ability to
function independently, in reference to 6 activities; eating, bathing, dressing, toileting,
maintaining continence, and getting into or out of bed or chair
Acute Condition - CORRECT ANSWER -relatively severe of...
Florida 2 20 Agents License Exam 100% Pass
Guaranteed All Round Questions and Correct
Answers
"Additional Coverage", under a Commercial Property policy include all of the following except:
- CORRECT ANSWER ✔✔ -Newly acquired locations for up to 60 days
10% for a self-storage facility does not apply to personal property that is moved from the
residence premises because: - CORRECT ANSWER ✔✔ -It's being repaired
A _____________ is required in order for an insurer to transact insurance in Florida. -
CORRECT ANSWER ✔✔ -Certificate if Authority
A claim under an ISO Commercial Crime Coverage Form is subject to the Valuation—
Settlement condition. Which one of the following is true regarding this Valuation—Settlement
condition? - CORRECT ANSWER ✔✔ -Damaged property is valued at replacement cost or the
insurer can repair or replace the property
A Commercial Package Policy (CPP) premium may be modified by a package modification
factor. This factor - CORRECT ANSWER ✔✔ -Is a discount justified by the greater efficiency
in providing a package policy.
A Commercial Package policy may include the following coverage types EXCEPT: - CORRECT
ANSWER ✔✔ -Health
A condominium unit owner would use which form? - CORRECT ANSWER ✔✔ -HO-6
,A description of the property insured, a list of mortgagees, and the applicable coinsurance
percentage(s) are shown on which one of the following documents? - CORRECT ANSWER ✔✔
-Commercial property declarations
A Florida insured has a Personal Auto Policy providing PIP coverage with a $1,000 deductible.
The insured is injured in his vehicle and sustains $15,000 in medical bills. How much will his
policy pay under PIP? - CORRECT ANSWER ✔✔ -$10,000
A homeowners policy premium is determined by first developing the base premium. The base
premium is influenced by certain factors, including which one of the following? - CORRECT
ANSWER ✔✔ -Dwelling location
A policy with Citizens may be replaced with a policy from an authorized insurer at any time
during the policy period with a ________day notice. - CORRECT ANSWER ✔✔ -60
A small business owner concerned about something happening and not being able to work or
earn a living for an extended period of time due to an accident should purchase - CORRECT
ANSWER ✔✔ -Disability insurance.
A storm causes power lines to break ten miles from the insured's premises. The loss of electrical
power causes food in the insured's freezer to thaw and spoil. Coverage for this loss is -
CORRECT ANSWER ✔✔ -Excluded because the power failure occurred off the residence
premises.
A term used to indicate a partial loss resulting from a sacrifice of cargo to save remaining
property (jettison) Each party then shares in the loss in proportion to their total interest in
property being transported - CORRECT ANSWER ✔✔ -General Average
,A written contract that includes all clauses, riders, endorsements and papers is called: -
CORRECT ANSWER ✔✔ -Policy
ABC, Inc., is a large, national retailer that sells a variety of consumer goods. ABC carries a
Commercial Package Policy that includes Insurance Services Office's Commercial Crime
Coverage Form (Loss Sustained) with the following insuring agreements: Employee Theft;
Forgery or Alteration; Inside the Premises—Theft of Money and Securities; and Inside the
Premises—Robbery or Safe Burglary of Other Property. The limit of insurance for each one of
these insuring agreements is $100,000 and the deductible per occurrence for each one of these
insuring agreements is $1,000. The policy year is 20X1. During 20X1, two employees, Beth and
Jim, in collusion, stole money and merchandise from ABC. Beth and Jim stole money on May 1,
20X1 and August 13, 20X1. They also stole merchandise on January 15, 20X1 and September
29, 20X1. The amount of the money loss totaled $15,000 while the amount of the merchandise
loss totaled $110,000. W - CORRECT ANSWER ✔✔ -$100,000
Adam and his insurer disagree on the amount of a loss covered by his homeowners policy. Adam
wants the insurer to pay $10,000 toward the loss. The insurer's representative feels that the loss
should be valued at $5,000. How could the appraisal process resolve this situation? - CORRECT
ANSWER ✔✔ -Adam and the insurer will each select an appraiser, and the two appraisers will
submit their differences to an impartial umpire who will reach a resolution.
After a loss the insured must do all the following except: - CORRECT ANSWER ✔✔ -
Discontinue premium payments
All "keep-out" and "take-out" plans of Citizens are subject to the ___________ statute. -
CORRECT ANSWER ✔✔ -Consumer Choice
, All of the following are BI and PD exclusions under the CGL EXCEPT: - CORRECT ANSWER
✔✔ -Excessive Liability
All of the following are controlled Commercial Inland Marine lines EXCEPT: - CORRECT
ANSWER ✔✔ -Annual Transit
All of the following are coverage extensions found in the Building and Personal Property
Coverage form except: - CORRECT ANSWER ✔✔ -Off premises sign coverage up to $2,500
All of the following are deductibles for FAJUA Physical Damage Coverage EXCEPT: -
CORRECT ANSWER ✔✔ -$2,500
All of the following are eligible for a homeowners policy EXCEPT: - CORRECT ANSWER ✔✔
-Owner-occupants of a 1-6 family dwelling
All of the following are eligible for the PAP policy EXCEPT: - CORRECT ANSWER ✔✔ -
Corporations
All of the following are exclusions under Garage Insurance Physical Damage coverage
EXCEPT: - CORRECT ANSWER ✔✔ -Expected losses
All of the following are Major Medical Insurance exclusions EXCEPT: - CORRECT ANSWER
✔✔ -Cosmetic surgery required by accident
All of the following are not true regarding property coverages under the Businessowners policy
EXCEPT: - CORRECT ANSWER ✔✔ -ACV on personal property
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