Florida Insurance Licensing Practice Exam

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Prepare for the Florida Insurance Licensing Exam with a comprehensive quiz that features multiple-choice questions and hints. Gain confidence and knowledge to excel on your exam!

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What triggers the financial responsibility law?

  1. Carrying a gun in a personal auto

  2. Buying a second personal auto

  3. An accident involving bodily injury or property damage rendering the vehicle inoperable or a serious violation such as DUI.

  4. All of the above

The correct answer is: An accident involving bodily injury or property damage rendering the vehicle inoperable or a serious violation such as DUI.

The financial responsibility law is triggered when there is an accident involving bodily injury or property damage that renders the vehicle inoperable, or a serious violation such as a DUI. This law does not pertain to carrying a gun in a personal auto or buying a second personal auto, so options A and B are incorrect. Option D, "All of the above," is incorrect because only option C relates to the financial responsibility law.

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