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!

Practice this question and more.

Which of the following could NOT be considered an 'owner' of a motor vehicle?

A debtor in possession
A long term lease of 3 months
The title holder of the auto
One who lease-purchases with a time frame of 6 or more months

The correct answer is: A long term lease of 3 months

A debtor in possession, the title holder of the auto, and one who lease-purchases with a time frame of 6 or more months could all be considered owners of a motor vehicle because they have some form of legal claim or ownership over the vehicle. However, a long term lease of 3 months would not typically be considered an owner because the lease is not for a significant amount of time and the person leasing the vehicle does not have the same level of ownership rights as the other options. They are merely using the vehicle for a temporary period and do not have any long term ownership or control over it.