Florida Insurance Licensing Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Prepare for the Florida Insurance Licensing Exam using comprehensive questions and in-depth explanations. Perfect your understanding of essential insurance concepts and ensure your success!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

A loss discovered during the policy period that occurred before the inception of the current policy may be covered by?

Discovery Form
Loss Sustained Form
Outside Premises or Events Insuring Agreement
Coverage like this is not available

The correct answer is: Discovery Form

A loss discovered during the policy period that occurred before the inception of the current policy may be covered by the Discovery Form. This is because the Discovery Form provides coverage for losses that are discovered during the policy period, even if the loss actually occurred before the policy was in effect. The Loss Sustained Form, on the other hand, provides coverage for losses that occurred during the policy period. The Outside Premises or Events Insuring Agreement does not apply in this situation because it only provides coverage for losses that occur within the premises or events described in the policy. Option D is not correct because there are insurance policies that do provide coverage for losses that occurred before the current policy period.