Florida Insurance Licensing Practice Exam

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Prepare for the Florida Insurance Licensing Exam with our comprehensive quiz. Featuring multiple-choice questions and detailed explanations, you'll gain the knowledge needed to succeed on your test and secure your license.

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.

What is the lowest single limit automobile liability that meets the requirements of the Florida Financial Responsibility Law?

$10,000
$20,000
$30,000
$40,000

The correct answer is: $30,000

In Florida, the Financial Responsibility Law requires drivers to carry a minimum liability coverage of $10,000 for personal injury and $10,000 for property damage. This means that the minimum single limit automobile liability coverage would need to be at least $20,000 to meet these requirements. Option A, B, and D do not meet the minimum requirement for single limit liability and therefore are incorrect. Option C, on the other hand, is the lowest amount that would provide coverage for both personal injury and property damage, making it the correct answer.