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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)
,The ABC Corporation has d)Company A will pay $16,000; Company B will pay
$100,000 of coverage on its $8,000.
building through insurance
Company A, and $50,000 of
identical coverage on the Each policy pays its pro rata share of the loss based
same building through upon each policy's share of the total amount of
insurance Company B. coverage.
Assuming coinsurance is
not an issue, when a
$24,000 loss occurs and the
pro rata method is used,
how much will each insurer
pay?
a)Company A will pay
$20,000; Company B will
pay $4,000.
b)Company A will pay
$12,000; Company B will
pay $12,000.
c)Company A will pay
$24,000; Company B will
pay $0.
d)Company A will pay
$16,000; Company B will
pay $8,000.
,According to the standard b)Mortgagee
mortgage clause, who has
the right to bring a suit in The standard mortgage clause, a basis provision of all
their own name to recover property policies for real property, also ensures that
damages, pay policy mortgagees have the right to receive prior notice if an
premiums, and submit a insurance policy is to be cancelled.
proof of loss?
a)Policyholder
b)Mortgagee
c)Insurance company
d)Governor
Additional coverages in the a)Damage to a third-party property for which the insured
liability section of a is legally liable.
homeowners policy cover
all of the following EXCEPT
Legal liability coverage is a primary liability coverage,
a)Damage to a third-party not an additional coverage.
property for which the
insured is legally liable.
b)Claims expense.
c)Expenses the insured
incurs rendering first aid for
bodily injury to third parties.
d)Damage to the property
of others.
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
, An agent transacts business d)Three - one for each insurer
for Insurer A and Insurer B,
both selling life insurance,
and for Insurer C, selling An agent must have a separate appointment for each
health insurance. How many insurer.
appointments must the
agent hold?
a)No appointments are
required.
b)Only one - for any of the
insurers
c)Two - one for life and one
for health
d)Three - one for each
insurer
All of following are the a)Have a high school diploma.
general qualifications for an
agent's license EXCEPT
a)Have a high school
diploma.
b)Be found competent and
trustworthy.
c)Be a state resident.
d)Pass a criminal
background check.
All of the following are c)Insuring agreement.
conditions commonly found
in the insurance policy The insuring agreement provides information on the
EXCEPT policy's coverages. Conditions state the legal obligations
and duties of the parties to the contract.
a)Subrogation.
b)Appraisal
c)Insuring agreement.
d)Cancellation and
nonrenewal.
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