Florida 2-20 Agents License Exam Real Exam Questions And Correct Detailed Answers Latest Update 2023/2024
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 called: - ANSWER- Blanket When the insurer agrees to pay on behalf of the insured all the sums the insured is legally obligated to pay is called: - ANSWER- Third party claim The failure to exercise a degree of care that the law requires to protect others from harm is called: - ANSWER- Negligence All of the following are the insured's duties following a property policy loss: - ANSWERUse reasonable means to protect from further loss Report thefts to the police Reveal any other insurance that exists All of the following are the insured's duties following a liability claim: - ANSWER- Aid the insurer in settlements Avoid voluntary payments Notify the insurer of names and addresses of claimants and witnesses When an insured's rights to co
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