Risk Management and Insurance > EXAM > FLORIDA PROPERTY & CASUALTY INSURANCE FLORIDA 2-20 AGENTS LICENSE EXAM 2025 STUDY QUESTIONS WITH COR (All)
FLORIDA PROPERTY & CASUALTY INSURANCE FLORIDA 2-20 AGENTS LICENSE EXAM 2025 STUDY QUESTIONS WITH CORRECT ANSWERS GUARANTEED PASS | RATED A+
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FLORIDA PROPERTY & CASUALTY INSURANCE FLORIDA 2-20 AGENTS LICENSE EXAM 2025 STUDY QUESTIONS WITH CORRECT ANSWERS GUARANTEED PASS | RATED A+ What is the standard deductible for Citizens homeowners p... olicies not including mobile homes? - Answer>>> $1,000 all other perils/2% hurricane Citizens homeowners does not include coverage on all the following EXCEPT: - Answer>>> Building under construction for named insured Mr. Smith conducts farming operations for his neighbor based on a $5,000 annual contract. If he backs his tractor into someone else's truck, what would he need on his farm liability policy to be covered? - Answer>>> Custom farming endorsement An umbrella can be broader than the underlying policies and may respond as primary coverage. The policy contains a feature that is similar to a deductible that applies when this situation occurs. This is called: - Answer>>> Self-insured retention What does Employment Related Practices Liability cover? - Answer>>> Liability arising out of injury from employment related offenses The Farm Liability Policy automatically includes which of the following? - Answer>>> Personal injury liability Which of the following is NOT true of the Supplemental Extended Reporting Period? - Answer>>> Provides for one new aggregate limit An Excess Policy that provides the same coverages, provisions, and exclusions as the underlying policy is called: - Answer>>> Follow Form Excess Which of the following best describes an insured's position regarding coverage under the Commercial General Liability Policy when a product is manufactured in the U.S and a claim occurs in Japan? - Answer>>> Covered only if the lawsuit is brought in the U.S., Canada, or Puerto Rico Under a Commercial General Liability Contract, how many days notice of cancellation must the insurer provide for non-payment of premium? - Answer>>> 10 Which of the following is NOT a coverage territory for Commercial General Liability? - Answer>>> France - The CGL coverage territory includes the U.S. and its territories or possessions, Puerto Rico and Canada. The definition is expanded to all other parts of the world as to BI or PD provided the suit is brought in the U.S., its territories or possessions, Puerto Rico or Canada, and the insurer agrees to the resulting settlement One cannot insure against a loss that is already known to have occurred. This is defined as: - Answer>>> Known Loss Rule Any claim for which the Umbrella Policy is primary is subject to a deductible known as the: - Answer>>> Self-Insured Retention All of the following are deductibles for FAJUA Physical Damage Coverage EXCEPT: - Answer>>> $2,500 All of the following coverages are available for FAJUA commercial vehicles over 10,000 lbs EXCEPT: - Answer>>> Collision [Show More]
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