Exams / Florida Public Adjuster License / Fla. Stat. §624.125
Fla. Stat. §624.125 — what it says, and how the exam tests it
This section is cited by 3 of our practice questions and is tested on the Florida Public Adjuster License.
The text
624.125 Certain motor vehicle service agreements; exemption from code. — (1) Any person may, in exchange for fees, charges, or other consideration, solicit, offer, provide, enter into, issue, or deliver a motor vehicle service agreement indemnifying the service agreement holder against loss caused by the failure of any mechanical or component part or parts of a motor vehicle listed in the agreement arising out of the ownership, operation, and use of such motor vehicle when: (a)1. The premium charged for the motor vehicle service agreement does not exceed a total of $50 annually or $50 for the term of the agreement; or 2. The difference in the price of substantially similar parts, or service connected therewith, sold with and without the agreement does not exceed a total of $50 annually or $50 for the term of the agreement;
Public record. Read the full, current section at the official source: www.leg.state.fl.us
How it comes up on the exam
Practice questions written from this section — answers and explanations are in the drill.
- Under Fla. Stat. §624.125, a motor vehicle service agreement exempt from the Insurance Code must meet which premium threshold?
drill Mechanical Breakdown Insurance → - Under Fla. Stat. §624.125, a motor vehicle service agreement exempt from the Insurance Code indemnifies the holder against loss caused by which of the following?
drill Mechanical Breakdown Insurance → - A company offers a motor vehicle service agreement that indemnifies the holder against loss from mechanical part failure. Under Fla. Stat. §624.125, what is the maximum annual premium for this agreement to be exempt from the Insurance Code?
drill Mechanical Breakdown Insurance →