Florida Insurance Licensing 2025 – 400 Free Practice Questions to Pass the Exam

Question: 1 / 400

Strict or absolute liability:

Is assigned by law or statute

Strict or absolute liability is a legal concept where a person or party is held responsible for damages or harm caused, regardless of any fault or intent on their part. This means that the person or party will be held liable even if they did not act negligently or intentionally. Therefore, option A is the correct answer as strict or absolute liability is assigned by law or statute, and cannot be negotiated between parties (option B). Additionally, it is possible for strict or absolute liability to be present in insurance contracts (option C) and it does not only apply to non-insurable events (option D).

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CanBe negotiated between parties

Is never present in insurance contracts

Applies only in non-insurable events

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