Florida Insurance Licensing Practice Exam

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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!

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All of the following are ways that liability limits can be expressed except?

PIP Limit
Aggregate Limit
Split Limit
Single Limit

The correct answer is: PIP Limit

Liability limits can be expressed in a variety of ways to indicate the maximum coverage a policy has for a specific liability. PIP (Personal Injury Protection) limit is not considered a way to express liability limits, as it refers specifically to coverage for medical expenses of the insured and their passengers. Aggregate limit refers to the maximum amount an insurer will pay for all claims within a specific time period. Split limit refers to dividing coverage between bodily injury and property damage, and single limit refers to a total maximum amount of coverage for all types of liabilities.