FL RSCR 4-40 Final Exam Study Guide Exam Questions with 100% Correct Answers

Knowingly making, publishing or circulating any oral or written statement which is false or maliciously critical of any person and which is calculated to injure such a person is known as: Correct Answer Defamation "Tort" refers to which of these: Correct Answer A civil wrong, which for insurance purposes must be caused by negligence. Breaking and Entering with visible signs of forceful entry refers to: Correct Answer Burglary Insured has personal property at two locations. At the time policy is written, the property at location 1 is valued at $100,000. The property at location 2 is valued at $300,000. Insured purchases $400,000 blanket insurance. Later, they have a $137,000 loss from a covered peril at location 1. How much will the policy pay? Correct Answer $137,000 Ethical conduct requires which: Correct Answer Being honest and fair with people who place their trust in you. A convenience used to provide temporary insurance is called: Correct Answer binder The clause that states that the insured can not make the insurer take possession of damaged property after a claim is called: Correct Answer Abandonment Susan tries to buy collision coverage on her neighbor's car. She thinks her neighbor is a bad driver, and reasons that she can make some money if her neighbor gets into an accident. The insurance company tells her this is not possible. Why? Correct Answer Susan has no insurable interest in the neighbor's car. If you are 20% at fault for $10,000 of damages, you can be held legally liable for how much: Correct Answer $2,000 Which of the following describes an insurable risk? Correct Answer The chance that an employee of a company might sabotage that company's machinery. An insurance deductible: Correct Answer Is paid out of pocket by the insured, but does not reduce the limit of insurance available. A temporary license as a general lines agent may be granted by the state for all of the following reasons EXCEPT: Correct Answer Allow time to retake state exam for the 4th try.