Florida 215 Insurance Exam Questions and
Answers
Save
Practice questions for this set
Learn 1 /7 Study with Learn
This is an insurance company that's owned and controlled by a group of
stockholders (or shareholders) whose investment in the company provides the
safety margin necessary in the issuance of guaranteed, fixed premium,
nonparticipating policies.
Choose an answer
1 Actuarial Department 2 Foreign Insurer
3 Stock Insurance Company 4 Agent
Don't know?
, Terms in this set (84)
This is the department that calculates policy rates,
Actuarial Department
reserves, and dividends.
This is the person who investigates claims and
Adjuster
arranges for them to be settled or denied.
In the United States, this is an insurer whose principal
Alien Insurer
office and domicile location is outside this country.
This is an insurer who has received a certificate of
authority from a state's department of insurance which
Admitted Insurer
authorizes them to conduct insurance business in that
state.
This is an individual or organization that's authorized
to solicit, sell, and transact (bind) coverage for
Agent
specific insurance providers under the terms of one or
more agent contracts.
Authorized Insurer This is an admitted insurer.
This is a person who represents himself and the
insured (i.e., the client or customer). A broker cannot
Broker
bind coverage on behalf of an insurance carrier
because a broker is not appointed as an agent.
This is an insurer that's established and owned by a
Captive Insurer parent firm for the purpose of insuring the parent
firm's loss exposure.
This is a license that's issued to an insurer by an
insurance department (or equivalent state agency)
Certificate of Authority
that authorizes that company to conduct insurance
business in that particular state.
This is the department that's responsible for
Claims Department
processing, investigating, and paying claims.
Answers
Save
Practice questions for this set
Learn 1 /7 Study with Learn
This is an insurance company that's owned and controlled by a group of
stockholders (or shareholders) whose investment in the company provides the
safety margin necessary in the issuance of guaranteed, fixed premium,
nonparticipating policies.
Choose an answer
1 Actuarial Department 2 Foreign Insurer
3 Stock Insurance Company 4 Agent
Don't know?
, Terms in this set (84)
This is the department that calculates policy rates,
Actuarial Department
reserves, and dividends.
This is the person who investigates claims and
Adjuster
arranges for them to be settled or denied.
In the United States, this is an insurer whose principal
Alien Insurer
office and domicile location is outside this country.
This is an insurer who has received a certificate of
authority from a state's department of insurance which
Admitted Insurer
authorizes them to conduct insurance business in that
state.
This is an individual or organization that's authorized
to solicit, sell, and transact (bind) coverage for
Agent
specific insurance providers under the terms of one or
more agent contracts.
Authorized Insurer This is an admitted insurer.
This is a person who represents himself and the
insured (i.e., the client or customer). A broker cannot
Broker
bind coverage on behalf of an insurance carrier
because a broker is not appointed as an agent.
This is an insurer that's established and owned by a
Captive Insurer parent firm for the purpose of insuring the parent
firm's loss exposure.
This is a license that's issued to an insurer by an
insurance department (or equivalent state agency)
Certificate of Authority
that authorizes that company to conduct insurance
business in that particular state.
This is the department that's responsible for
Claims Department
processing, investigating, and paying claims.
