Personal Auto 1
Non-residents of Florida must comply with the Florida No-Fault Law if residing in the state for more than how many days?
90 days
What does MEWA stand for?
Multiple Employer Welfare Arrangement
What is the coverage limit for non-owned trailers under Part D-Damage to your covered auto?
$1,500
Knowingly making false or maliciously critical comments to injure a person is known as:
A. Misrepresentation
B. Boycott
C. False statement
D. Defamation
D. Defamation
What is the standard deductible for Citizens homeowners policies not including mobile homes?
A. $1000 AOP/2% hurricane
B. $500 AOP/5% hurricane
C. $250 AOP/2% hurricane
D. Depends on the endorsement
A. $1000 AOP/2% hurricane
The law that requires that owners or operators of a motor vehicle to provide evidence that they have the funds to pay for the automobile losses for which they might become liable?
Florida Financial Responsibility Law
Effective compliance dates ending October 2014, agents are required to complete a:
A. 6-hour ethics course
B. 2-hour law class
C. 4-hour update course
D. 2-hour rules and regulation class
C. 4-hour update course
How much coverage is provided for lost wages with the extended PIP endorsement?
80% (standard is 60%)
How many days does an agent have to notify the DPS if their contact information changes?
30 days
How old are properties Citizens consider uninsurable that have not been updated?
A. Over 25 years old
B. Over 50 years old
C. Over 75 years old
D. No age limit
B. Over 50 years old
**DAILY DOUBLE**
List the 4 PIP insurance coverage benefits.
Medical- 80%
Wage Loss- 60%
Replacement Services- 100%
Death- $5000
An incorporated insurer with its capital divided into shares and owned by its stockholders is called a:
A. Stock insurer
B. Mutual insurer
C. Third party insurer
D. Capital insurer
A. Stock insurer
How much is paid under standard PIP if the insured has a $1,000 deductible and suffers $6000 in lost wages?
A. $4,000
B. $3,000
C. $4800
D. $3500
$3,000
Which of the following state-created markets provides coverage for employers who are unable to secure workers' compensation coverage?
A. FAJUA
B. FRPJUA
C. FVCJUA
D. Citizens
A. FAJUA
To be eligible for residential property insurance through Citizens, the applicant cannot have received a quote from an authorized insurer that is less than how, much than the price quoted from Citizens?
A. 15%
B. 10%
C. 30%
D. 20%
A. 15%
36mos/36,000 miles for new cars and 12mos/12,000 miles for used cars
The Office of Financial Regulation regulates all of the following EXCEPT:
A. Banks
B. Credit Unions
C. Finance Companies
D. Insurance Companies
D. Insurance Companies
An owner, under the No-Fault law, includes all of the following EXCEPT:
A. One who holds a legal title
B. Debtor in possession
C. Lease with an option to purchase
D. One who leases for 3 months or more
D. One who leases for 3 months or more
The Roof Deck Attachment must have all the following approvals EXCEPT:
A. Meet the 2001 Florida Building Code requirements
B. Use correct nails and intervals
C. Use correct adhesive materials
D. Have roof inspected by DFS
D. Have roof inspected by DFS
**DAILY DOUBLE**
What is the maximum combined coverage amount for Citizens commercial risk?
A. $1,000,000
B. $2,500,000
C. $3,000,000
D. $5,000,000
B. $2,500,000
List 3 available options available to an insured when selecting un-insured motorist coverage.
Reject
Stacked
Non-stacked
If an agent violates any provision of the Unfair Methods of Competition and Unfair or Deceptive Acts statute they could be subject to the following fines:
A. $20,000 for each non-willful violation and $200,000 for all willful violation
B. $10,000 for each non-willful violation and $80,000 for all willful violation
C. $5,000 for each non-willful violation and $40,000 for all willful violation
D. $20,000 for each non-willful violation and $160,000 for all willful violation
C. $5,000 for each non-willful violation and $40,000 for all willful violation
Which PAP endorsement covers two or more relatives or individuals residing together?
A. Relative together endorsement
B. Joint Ownership Coverage
C. Residing Endorsement
D. Extended Non-owned Coverage
B. Joint Ownership Coverage
Written on the agent's own interests or those of the agent's family is called:
A. Self-insurance
B. Controlled business
C. Regulatory business
D. Relationatory business
B. Controlled business
All of the following are ineligible for Citizens commercial property coverage EXCEPT:
A. Hotels
B. Apartment buildings
C. Boarding houses
D. Motels
B. Apartment buildings