Unfair contract term Study guides, Revision notes & Summaries

Florida 6-20 All Lines Adjuster Test| 276 questions| 50 Pages| With Complete Solutions Florida 6-20 All Lines Adjuster Test| 276 questions| 50 Pages| With Complete Solutions A public adjuster represents the interest of: A. The insurer B. The Insured C. The employer D. The interest of the general public - Correct Answer -B. The insured Which of the following is the type of report that indicates the initial results of a claim investigation? A. Field Report B. Interim Report C. Full Re...

ETS MFT BUSINESS EXAM The principal difference between variable costing and absorption costing centers on: a) whether variable manufacturing costs should be included as product costs b) whether fixed manufacturing costs should be included as product costs c) whether fixed manufacturing costs and fixed selling and administrative costs should be included as product costs d) none of these. General Bikes is debating which marketing research options to employ. The traditional p...

Conduct and Practices Handbook (CPH) Exam 136 Questions with Answers Duty of care - CORRECT ANSWER This refers to obligation #3 of registered representative (RR) about acting honestly, in good faith, and in a professional manner. This is a requirement to provide advice to clients with those attributes in mind along with the proper skills and knowledge to do so. It is important to note that the standard of care provided is not a standard of perfection. RRs are usually held to this standard muc...

Property and Casualty Insurance Exam – Georgia correctly answered 2023 rated A+BPP building coverage insures the building at the described location, outdoor, fixtures, furnitures, items used to service the property, permanently installed machinery and equipment, and additions under construction, including the materials, supplies, and equipment. HO limits of property at other residences the larger of $1000 or 10% Coverage C. Limit does not apply if property is moved because the residen...

Property and casualty insurance Exam Questions and Answers Updated Nov 2022. A banker is ready to close on a customer's loan. The bank is prepared to offer the loan but only if the customer purchases a life insurance policy from the bank in the amount of the loan. This is an example of A builder's risk form is most often written as which of the following? A building is insured, but no one has lived or worked in it for 10 years. The building is completely empty of any furniture or perso...

Which Unfair Trade Practice involves making a false statement on an insurance application in order to receive money from an insurer? - Answer-Misrepresentation Who owns a stock company? - Answer-A stock insurance company is owned by its stockholders. In Florida, which of the following is considered an Unfair Trade Practice? - Answer-Coercion Which of these options can an individual use their medical flexible spending account to pay for? - Answer-Prescription drugs are an allowable expen...

An annuity promises that, if the annuitant dies before receiving payments equal to the correct value, the payments will be continued to a beneficiary until an amount equal to the contract value has been paid. This type of annuity is called An installment Refund annuity A Straight Life annuity A Cash Refund annuity A Joint Life annuity - ANSWER An installment Refund annuity One becomes eligible for Social Security disability benefits after having been disabled for 3 months 5 mo...

When the disclosure of an insured's nonpublic information is involved, what is the insurer obligated to do? - correct answer Give notice, explain, and allow opting out Under the Telemarketing Sales Rule, telemarketing calls may NOT be received after - correct answer 9:00 PM A health plan offered by private insurance companies is - correct answer Medicare Supplement Chris has a single major medical contract which covers all medical expenses. His plan is considered to be - correct answer...

Which Unfair Trade Practice involves making a false statement on an insurance application in order to receive money from an insurer? - Answer- Misrepresentation Who owns a stock company? - Answer- A stock insurance company is owned by its stockholders. In Florida, which of the following is considered an Unfair Trade Practice? - Answer- Coercion Which of these options can an individual use their medical flexible spending account to pay for? - Answer- Prescription drugs are an allowable e...

Final Exam - Florida Life and Health Questions and Answers Rated A Which Unfair Trade Practice involves making a false statement on an insurance application in order to receive money from an insurer? Misrepresentation Who owns a stock company? A stock insurance company is owned by its stockholders. In Florida, which of the following is considered an Unfair Trade Practice? Coercion Which of these options can an individual use their medical flexible spending account to pay for? Prescription dr...