Free Property Casualty Basics Practice Questions
Florida Personal Lines (20-44) exam (series 20-44) — 158 practice questions.
Subtopics: Claims acknowledgment, Pay or deny deadline, Homeowner claims bill of rights, Nonrenewal notice, Citizens Property Insurance, Rate standard, Wind mitigation discounts, Notice of claim deadline, Mediation program, Replacement cost settlement, Sinkhole neutral evaluation, Citizens eligibility, Valued policy law, Renewal premium notice, Nonpayment cancellation property, Cancellation after 60 days, Credit information, Combined home and auto policy, Act of God claims, Single water damage claim, Renewal notice assessments, Dishonored premium check, Begin investigation, Physical inspection deadline, Adjuster identification, Detailed estimate copy, Late claim interest, Supplemental claim deadline, Hurricane date of loss, Assignment of benefits ban, Presuit notice, Mediation settlement rescission, Mediation costs, Mediation notice, Notice before inspection, Public adjuster defined, Independent adjuster defined, Company adjuster defined, Public adjuster fee cap, Disclosure of liability limits, Reservation of rights, Settlement payment, Premium finance cancellation, Premium finance prohibited items, Policy structure DICE, Declarations, Insuring agreement, Exclusions, Actual cash value, Replacement cost, Coinsurance purpose, Coinsurance penalty math, Coinsurance no penalty, Deductible effect, Named perils, Open perils, Burden of proof, Subrogation, Salvage, Appraisal provision, Pro rata other insurance, Vacancy, Real vs personal property, Negligence, Elements of negligence, Compensatory damages, Punitive damages, Bodily injury, Property damage, Occurrence, Absolute liability, Vicarious liability, Comparative negligence, Liability limits, Binder, Endorsement, Stated value vs agreed value, Abandonment, Mortgagee clause, Assignment, Proximate cause, Attractive nuisance, Hold harmless agreement, Additional insured, Valued policy, Blanket vs specific, Liability vs property insurance, Duties after loss, Concurrent causation, Conditions section, Definitions section, Pair or set clause, Inflation guard, Aggregate limit, Combined single limit, Sublimit, Retention, Primary vs excess coverage, Excess other insurance clause, Escape other insurance clause, Flat cancellation, Pro rata cancellation, Short-rate cancellation, Nonrenewal, Liberalization clause, No benefit to bailee, Loss payable clause, Sue and labor, Occurrence trigger, Retroactive date, Extended reporting period, Contributory negligence, Last clear chance, Res ipsa loquitur, Assumption of risk, Negligence per se, General vs special damages, Nominal damages, Direct vs consequential loss, Time element coverage, Catastrophe, Floater, Wear and tear exclusion, Inherent vice exclusion, Mysterious disappearance, Pollution exclusion, Earth movement exclusion, Personal injury offense, Duty to defend, Defense within limits, Statute of limitations, Pure premium, Exposure unit, Reasonable repairs, Actual cash value calculation, Valuation calculation, Other insurance calculation, Pro rata refund calculation, Waiver of subrogation, Mortgage clause, Defense costs, Insurable interest limit, Deductibles, Appraisal, Appraisal costs, Suit against insurer, Proof of loss, Loss payment timing, Insurer repair option, Pair or set, Recovered property, Concealment or fraud, Service agreements, Nuclear hazard, Neglect exclusion, Power failure exclusion, Governmental action
Read the Property Casualty Basics study guide
Sample questions & answers
1. A Florida residential property insurer must acknowledge a communication about a claim within:
7 days
Florida requires acknowledgment of a communication about a property claim within 7 days unless payment is made within that time.
2. A Florida insurer generally must pay or deny an initial, reopened, or supplemental residential property claim within how many days after receiving notice?
60 days
Florida requires the insurer to pay or deny a property claim within 60 days after receiving notice, absent factors beyond its control.
3. A Florida personal lines residential property insurer must provide the Homeowner Claims Bill of Rights to a policyholder within how many days after receiving an initial communication about a claim?
14 days
The insurer must provide the Homeowner Claims Bill of Rights within 14 days after receiving an initial communication with respect to a claim; it summarizes the policyholder's rights and the claim-handling timeframes.
4. A Florida insurer that decides not to renew a personal lines residential property policy, such as a homeowners policy, must give the insured written notice of nonrenewal at least:
120 days
For personal lines and commercial residential property policies, Florida requires at least 120 days' written notice of nonrenewal, cancellation, or termination, with the reason stated. Shorter notice applies only in listed cases, such as 10 days for nonpayment or 20 days during the first 60 days.
All Personal Lines (20-44) topics
Practice: Property Casualty Basics
Answer choices are shuffled every time, and every question comes with an explanation.
Practice questions are study aids generated for exam preparation and are not actual exam questions. Content is provided for educational purposes and is not legal advice. Verify current statutes, rules, and exam specifications with the Insurance Department and the exam administrator before relying on it.
