Florida Insurance Claims Adjuster License Practice Exam

What is the death benefit amount effective 01/01/2013 under Basic PIP Benefits?

1. $15,000

2. $10,000

3. $5,000

4. $20,000

The correct answer is: $15,000

The death benefit amount effective 01/01/2013 under Basic PIP Benefits is $15,000. This is the maximum amount that will be paid out in the event of death due to a covered accident. Options B,C, and D are incorrect because they do not match the specified date or do not represent the maximum amount. $10,000 is the death benefit amount for policies in effect from 10/01/2011-12/31/2012, $5,000 is the death benefit amount for policies in effect from 10/01/2007-09/30/2011, and $20,000 is the death benefit amount for policies in effect from 01/01/2013 onward. Option A, with the specified date and maximum amount, is the most accurate and relevant answer.