FLORIDA STATE LIFE AND HEALTH INSURANCE AGENT LICENSING EXAM BUNDLE REAL EXAM QUESTIONS WITH CORRECT ANSWERS: GRADED A

Accumulation units are converted into annuity units: at the time of annuity payout. A group life insurance plan in which the employer pays the entire premium is known as a ________________ plan. noncontributory If a disabled worker covered under Social Security disability benefits recovers and ...

An insured is sued under a CGL policy. The legal costs are $25,000, prejudgment interest is $9,000 and the judgment against the insured is $300,000. The insured has a $300,0000 CGL occurrence limit on the policy. How much will the insurer pay? ANS- $334,000 What is the order for claim payments if...

True or False? An applicant for the 2-20 General Lines Agent License can seek the license for the purpose of writing "controlled business". - ANSWER- False An applicant must not be seeking to obtain the 2-20 General Lines Agent License for the purpose of writing "controlled business"; this is...

Types Of Property Policies - % Property Insurance Terms And Related Concepts - % Property Policy Provisions And Contract Law - % Types Of Casualty Policies, Bonds, And Related Terms - % Casualty Insurance Terms And Related Concepts - % Casualty Policy Provisions - % Florida Statutes, Rules, An...

Admitted Aircraft Liability Coverage - ANSWER- A coverage sometimes written in conjunction with Aircraft Passenger Liability which can provide reimbursement for death or dismemberment without requiring legal action. Appraisal Clause - ANSWER- Clause which provides an appraisal procedure when the ...

Duties of the Officer of Insurance Regulation: - ANSWER- Approve policy forms Approve policy rules Approve qualifications of insurance companies An alternate method of insuring where a single amount is applied to two or more coverage items and the full amount is available to apply to any item is...

The Florida Surplus Service Lines Office (FSLSO) was created to - Correct Answeroversee the surplus lines industry in the state Which of the following is NOT a required qualification for a General Lines Agent: - Correct Answer- Seeking the license only to write controlled business The Department ...

Owners that buy income properties as investments and depend on professionals to manage them - Correct answer-Absentee Owners a Value estimated based on resent sales of similar properties in the same neighborhood, not an appraisal - Correct answer-CMA -Comparative Market Analysis... A contractor ...

The General Lines state exam consists of _______ questions with a ______ hour time limit. - ANSWER- 160; 3 For a General Lines License, the applicant the he or she is how man years of age? - ANSWER- 18 When more than 50% of an agent's income comes from business from an agent or their family, t...

Types of Dwelling Properties - Correct Answer- 1. 1 to 4 family 2. Rented to Others 3. Owned by Corp. or Partnerships 4. Low Valued 5. Mobile Homes Standard Dwelling Property Deductible - Correct Answer- $500 Dwelling Property Coverage A - Correct Answer- Dwelling - Including permanently inst...

If an insurance company is organized under the laws of New Jersey and licensed to do business here, it is considered what in Texas? CORRECT ANSWER- Foreign company One of the state purposes of the Life and Health Insurance Guaranty Association is CORRECT ANSWER- to assist in the prevention of ins...

What is the name of the law that requires insurers to disclose information gathering practices and where the information was obtained? ANS- Fair Credit Reporting Act A nonprofit incorporated society that does not have capital stock and operates for the sole benefit of members is known as: ANS- A ...