Florida 2-20 Agents License Exam Questions And Answers

Bilo Manufacturing is weighing whether to lease vehicles for its employees or have them drive their own autos while on company business. Which one of the following exposures is created if Bilo decides in favor of employee-owned autos? {Ans: Employer's Nonownership Liability}Bob, an employee of Tank's Trucks, is backing one of Tank's trucks toward the loading dock on the insured premises. Bob accidentally strikes Alice, another employee, while she is directing Bob toward the loading dock. Alice sues Bob for her injuries. Is Bob covered under Tank's Trucks' unendorsed Business Auto Coverage Form for liability coverage? {Ans: No, because fellow employees' suits are excluded.}Which one of the following types of business is usually eligible for coverage under a businessowners policy? {Ans: Apartment building}The insured has a business auto policy. Vandals break a window in the insured's pickup truck. While the insured is waiting for the insurance company to appraise the claim, rain enters through the broken window and causes additional damage. What is the insurance company's liability for the loss? {Ans: The insurance company is liable for the damage by the vandals but not the damage from the rain.}Which of the following is not a valid