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.

Your insured has purchased the minimum split limit policy that meets Financial Responsibility Law in Florida and causes bodily injuries. How much will his policy pay?

Nothing
$10,000 each to all that were injured
$20,000 for the total BI portion of accident
$32,000 total for all injuries from Part A Liability

The correct answer is: $20,000 for the total BI portion of accident

This policy will pay up to $20,000 for the total bodily injury portion of the accident. Option A is incorrect because the insured does have coverage, just at the minimum limit. Option B is incorrect because it is not $10,000 per person, but rather $10,000 total for all injuries. Option D is incorrect because it is a combination of Part A and Part B liability limits, which are not mentioned in the question. Option C is therefore the correct answer as it aligns with the minimum split limit policy stated in the question.