Florida General Lines Agent Exam Questions Study Guide Review 2024 Updates

What is the automatic coverage limit under the commercial property policy for newly acquired buildings or buildings under construction at the insured premises or other premises? {Ans: $250,000 for a period of 30 days}The following are excluded under the garage policy liability coverage except a.Property damage to an insured own products b.All are exclusions c.Injury to employees covered under workers compensation d.Liability resulting from recall of products {Ans: b}The following are related to the personal liability coverage form except? a.Coverage can be provided for business liability b.Coverage is available to residences that are owner occupied, non-owner occupants, condos and coops units and mobile homes c.Medical payments of others are also included similar to the homeowners policies section II coverages c.Provides coverage for liabilities arising from private residences and personal activities {Ans: a}What insurance clause prohibits the insured from transferring the rights under the contract to another without written consent of the insurer? {Ans: rights of assignment clause}Which insurance provision states that insurance coverage would apply individually to all insureds and the acts of one would not impede the rights of the other insureds? a.The appraisal provision b.The insurable interest provision c.The severability provision d.The liberalization provision