Florida Insurance Study guides, Class notes & Summaries

Final Exam 4-40 Questions and Answers 100% Pass The continuing education requirement to maintain a 4-40 license in Florida is: - Correct Answer ️️ -ten hours every two years A Personal Auto Policy (PAP) covers the insured in all places except: - Correct Answer ️️ -Mexico Joe is injured when the jack slips as he is changing a tire in his driveway. The bill for his treatment in the emergency room is $450. Where will Joe go first to collect for his medical expenses? - Correct Answer ...

Insurance Terms and Related Concepts. (Florida Edition) Questions and Answers 100% Pass What type of policy insures all property at multiple locations for a single amount? - Correct Answer ️️ -Blanket Policy! In property insurance, when must insurable interest exist? - Correct Answer ️️ -At the time of loss! An insured's business is damaged by a fire, and temporarily shut down for repairs. As a result, the insured suffers loss of income. What type of loss is the loss of income? -...

Cheat Sheet - Property & Casualty Exam Questions and Answers 100% Pass What are the forms of homeowner policies? - Correct Answer ️️ -HO-2, HO-3, HO-4, HO-5, HO-6, HO-8. Each of these forms provides identical liability coverage. The property coverage varies with the homeowners form selected. The following is a list of the forms with the covered perils of each. HO-2 - Correct Answer ️️ -Broad form; owner occupant HO-3 - Correct Answer ️️ -Special Form; owner occupant HO-4 - Co...

Exam 1 insurance licensing florida Questions and Answers 100% Pass What is the primary difference between a staff adjuster and an independent adjuster? - Correct Answer ️️ -A staff adjuster works for an insurance company and an independent adjuster works independently for themselves or for adjusting firms who represent many clients. A couple has insured their home for $150,000. A fire ensues and guts their home, resulting in a total loss. An appraisal of the home prior to loss results...

Final exam 2-20 Questions and Answers 100% Pass 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, And Regulations Common To All Lines - % Florida Statutes, Rules And Regulations Pertinent To General Lines Insurance - % Florida Statutes, Rules And Re...

2-20 General Lines Florida Insurance Exam Questions and Answers 100% Pass Abandonment Clause - Correct Answer ️️ -often contained in a p/c policy stating that the insured cannot abandon damaged property to the (dump on) insurer and demand reimbursement for the full value. Accounts Receivable Coverage Form - Correct Answer ️️ -Inland Marine Coverage form which insures against loss the insured suffers becasuse of an inability to collect from customers when AR records are damaged. A...

Florida Insurance Exam with Answers 2024 The clause identifying which losses resulting from an accident or sickness are insured by the policy is called the: - ️️ - Insuring clause K applies for a life insurance policy on herself and submits the initial premium with the application. She is given a receipt by the agent stating that coverage begins immediately if the application is approved. What kind of receipt was used? - ️️ - Conditional A life insurance arrangement which circumve...

Florida 2-15 Insurance Exam with Answers 2024 In the insurance business, risk can best be defined as: A. sharing the possibility of a loss B. uncertainty regarding the future C. uncertainty regarding financial loss D. uncertainty regarding when death will occur - ️️ - C. The concept of insurance developed from the need to minimize the adverse effects of risk associated with the probability of financial loss. Which of the following risks is insurable? A. pure risks B. gambling C. s...