Person lines FLORIDA Exam Questions Answers 100% Solved

Agents who persuade insureds to cancel a policy in favor of another one when it might not be in the insured's best interest are guilty of A. Rebating B. Twisting C. Defamation D. Misrepresentation -ANSWER_B. Twisting Twisting is a misrepresentation that persuades an insured or policyowner, to his or her detriment, to cancel, lapse, or switch policies Who would participate in a Write Your Own (WYO) Flood insurance Program? A. Government insurance companies that write and service National Flood Insurance Policies B. Businesses requiring National Flood insurance policies C. Private Insurers that wish to write and service National Flood Policies on a no-risk-bearing basis D. Lloyd's associations -ANSWER_C. Private Insurers that wish to write and service National Flood Policies on a no-risk-bearing basis a WYO program made up of private insurers that write and service National Flood Insurance policies on a no risk bearing basis through a special arrangement with the Federal Insurance Administration. WYO program retains part of the flood insurance