What is the maximum limit available for BI and PD in the Florida Automobile Joint Underwriting Association (FAJUA) for private
A.10/20/10
B.25/50/25
C.100/300/50
D.250/500/100
The FAJUA is composed of:
A.The top four companies writing auto insurance in Florida
B.All companies licensed to write auto insurance ins Florida
C.A selected group of carriers handpicked by the DFS
D.A group of carriers desiring to be included.
What are the maximum liability limits available to commercial vehicles in the FAJUA?
A.10/20/10
B.50/100/50
C.250/500/100
D.Any limits required by law
In order to be written in Citizens Property Insurance Corporation, who must certify on the application that no coverage was available from an authorized insured within 15% of the Citizens rate?
A.Company and producer
B.Underwriter and producer
C.Applicant and producer
D.Underwriter and applicant
What forms are available for homeowners coverage through Citizens Property Insurance Corporation?
A.H0-3, HO-4, H0-6, HO-8
B.HO-2, HO-4, HO-6, HO-8
C.HO-3, HO-6, HO-8
D.HO-4, HO-6, HO-8
All of the following commercial residential properties are eligible for Citizens Property Insurance Corporation EXCEPT:
A.Apartment houses with no mercantile
B.Apartment houses with 25% mercantile occupancy
C.Residential condominiums with 25% mercantile occupancy
D.Boarding houses with no mercantile
Which of the following does not describe the Citizens wind program?
A.Covers the perils of windstorm and hail
B.Only available on specific types of property
C.Must be located in defined area of designated countries
D.Covers properties in areas of the state deemed especially susceptible
to windstorm
All of the following are characteristics of the FWCJUA EXCEPT:
A.Must be denied by at least one standard carrier
B.Provides coverage for those unable to secure coverage in the voluntary
market
C.Designed to be self supporting with actuarially sound rates
D.Employers receive a 30-day binder
A claim by a policyholder, insured or beneficiary directly against the insurer which issued the contract is called:
A.A first-party claim
B.A second-party claim
C.A third-party claim
D.A fourth-party claim
All of the following are types of adjusters EXCEPT:
A.Public
B.Independent
C.Trial
D.Company
All of the following are responsible of the adjuster EXCEPT:
A.Fiduciary Agent
B.Rate compliance
C.Report to Insurer
D.Power to bind
A device which enables the insurer to bring action for recovery against a third party, in its own name alone is called:
A.Release
B.Settlement agreement
C.Apportionment and consideration
D.Assignment and subrogation agreement
Which clause divides the loss among insurers covering the loss proportionally
A.Apportionment
B.Release
C.Assignment
D.Subrogation
The Department requires each adjusting firm and branches to designate a:
A.Agent in charge
B.Primary adjuster
C.Point manager
D.Chief Adjusting Officer
The Homeowners Claim bill of Rights requires acknowledgement within ____ days of communicating the claim to the insurer.