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  3. General Lines — Property & Casualty (2-20)
  4. Property and Casualty Insurance Basics

Free Property and Casualty Insurance Basics Practice Questions

Florida General Lines — Property & Casualty (2-20) exam (series 2-20) — 35 practice questions.

Subtopics: Claims acknowledgment, Pay or deny deadline, Hurricane deductible, Hurricane deductible disclosure, Catastrophic ground cover collapse, Homeowner claims bill of rights, Nonrenewal notice, Citizens Property Insurance, Hurricane mitigation discounts, Insurable interest, Loss valuation, Coinsurance, Negligence, Damages, Types of loss, Insurer provisions, Other insurance, Liability, Limits of liability, Deductibles, Policy structure, Policy conditions

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 a residential property insurance claim within how many days of receiving notice of the claim?

60 days

Florida requires the insurer to pay or deny a claim, or a portion of it, within 60 days after receiving notice, absent factors beyond its control.

3. Before issuing a personal lines residential property policy, a Florida insurer must offer hurricane deductible options of:

500 dollars and 2, 5, and 10 percent of the dwelling limits

Florida requires insurers to offer hurricane deductibles of 500 dollars and 2, 5, and 10 percent of the policy dwelling limits, unless a percentage is less than 500 dollars.

4. A Florida policy that contains a separate hurricane deductible must display the statutory warning on its face in boldfaced type no smaller than:

18 points

A policy with a separate hurricane deductible must carry, in boldfaced 18-point type, a statement that the deductible may result in high out-of-pocket expenses.

All General Lines — Property & Casualty (2-20) topics

Practice: Property and Casualty Insurance Basics

Take a randomized, timed-style practice test. Answer choices are shuffled and your results are scored instantly with an explanation for every question.

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 Pennsylvania Insurance Department and the exam administrator before relying on it.