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FLORIDA 2-15 INSURANCE TEST WITH CORRECT DETAILED ANSWERS WITH RATIONALES (VERIFIED ANSWERS) |ALREADY GRADED A+||UPDATED MAY 2024!

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Which of the following risks is insurable? A. pure risks B. gambling C. speculative risks D. investing - <<ANSWERS>>A. Only pure risks are insurable because they involve only the chance of loss. They are pure in the sense that they do not mix both profits and losses. Insurance is concerned with the economic problems created by pure risks. Buying insurance is one of the most effective ways of A. avoiding risk B. transferring risk C. reducing risk D. retaining risk - <...

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  • Exam (elaborations)
  •  • 30 pages • 
  • by philomath • 
  • uploaded  16-05-2024
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FLORIDA 2-15 INSURANCE LICENSE EXAM WITH COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES (VERIFIED ANSWERS) |ALREADY GRADED A+

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ACC" refers to the type of disability that prevents someone from performing the job he was performing prior to the disability. - <<ANSWERS>>FALSE Which statement is CORRECT about the Department of Financial Services' right to examine an agent's records? - <<ANSWERS>>An examination can be conducted at any time to discover any unfair trade practices. Bill gives Jim a couple of tickets to a Florida Gators game to thank him for purchasing a policy. This is an exa...

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  • Exam (elaborations)
  •  • 13 pages • 
  • by philomath • 
  • uploaded  29-04-2024
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