Free Property and Casualty Insurance Basics Practice Questions
Florida General Lines — Property & Casualty (2-20) exam (series 2-20) — 126 practice questions.
Subtopics: Claims acknowledgment, Pay or deny deadline, Catastrophic ground cover collapse, Homeowner claims bill of rights, Nonrenewal notice, Citizens Property Insurance, Hurricane mitigation discounts, Notice of claim deadline, Mediation program, Replacement cost settlement, Sinkhole neutral evaluation, Valued policy law, Citizens eligibility, Rate filing, Premium financing, New business cancellation, 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, Mediation scope, Notice before inspection, Public adjuster defined, Independent adjuster defined, Company adjuster defined, Public adjuster fee cap, Public adjuster standard fee cap, Settlement payment, Premium finance cancellation, Premium finance prohibited items, Insurable interest, Loss valuation, Coinsurance, Negligence, Damages, Types of loss, Insurer provisions, Other insurance, Liability, Limits of liability, Deductibles, Policy structure, Policy conditions, Actual cash value, Replacement cost, Pair and set clause, Vacancy provision, Mortgagee rights, Appraisal condition, Proof of loss, Salvage and abandonment, Liberalization clause, Assignment condition, Binder, Sublimit, Named perils vs open perils, Burden of proof, Direct vs indirect loss, Comparative negligence, Strict liability, Vicarious liability, Punitive damages, Special vs general damages, Proximate cause, Absolute liability, Hold harmless, Bailee liability, Attractive nuisance, Res ipsa loquitur, Coinsurance calculation, Actual cash value calculation, Split limits application, Underwriting, Credit-based insurance scores, Loss ratio, Insureds, Cancellation, Policy territory, No benefit to bailee, Duty to defend, Premium audit, Claim settlement, Appraisal, Duties after loss, Abandonment, Retrospective rating, Class rating, Judgment rating
Read the Property and Casualty Insurance Basics study guide
Sample questions & answers
1. Under Florida law, a residential property insurer must acknowledge receipt of a communication about a claim within:
7 days
Florida requires an insurer to acknowledge receipt of a communication regarding a property insurance 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 insurance claim within how many days after receiving notice of the claim?
60 days
Florida requires the insurer to pay or deny the claim, or a portion of it, within 60 days after receiving notice, absent factors beyond its control; late payments bear interest.
3. Which coverage must a Florida property policy include, as distinguished from optional sinkhole loss coverage?
Catastrophic ground cover collapse
Florida property policies must cover catastrophic ground cover collapse; broader sinkhole loss coverage is offered as a separate optional coverage.
4. 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.
All General Lines — Property & Casualty (2-20) topics
Practice: Property and Casualty Insurance 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.
