Florida personal lines insurance 20-44
Best Exam Questions With Complete
Solution Latest Update
blanket insurance - CORRECT ANSWER-insurance where a single amount of
insurance applies to two or more coverage items
misrepresentation - CORRECT ANSWER-any untrue statement made in application so
policy will issue
mutual company - CORRECT ANSWER-have no stockholders owned by policy owners
stock company - CORRECT ANSWER-is incorporated and is owned by its stockholders
churning - CORRECT ANSWER-is taking values from existing policy to buy another
with same insurer without a benefit for the client
twisting - CORRECT ANSWER-is replacing a policy with company A to B for new
commissions only
sliding - CORRECT ANSWER-telling insured additional coverage is required by the law
to purchase auto or home, or additional coverage without the insured knowing
coercion - CORRECT ANSWER-any intimidation in the business of insurance
defamation - CORRECT ANSWER-to harm the reputation by libel or slander to an agent
or insurer
unfair methods competition & unfair deceptive act - CORRECT ANSWER-can be
advertising or misrepresentations non-willful u to $5,000 willful $40,000
Best Exam Questions With Complete
Solution Latest Update
blanket insurance - CORRECT ANSWER-insurance where a single amount of
insurance applies to two or more coverage items
misrepresentation - CORRECT ANSWER-any untrue statement made in application so
policy will issue
mutual company - CORRECT ANSWER-have no stockholders owned by policy owners
stock company - CORRECT ANSWER-is incorporated and is owned by its stockholders
churning - CORRECT ANSWER-is taking values from existing policy to buy another
with same insurer without a benefit for the client
twisting - CORRECT ANSWER-is replacing a policy with company A to B for new
commissions only
sliding - CORRECT ANSWER-telling insured additional coverage is required by the law
to purchase auto or home, or additional coverage without the insured knowing
coercion - CORRECT ANSWER-any intimidation in the business of insurance
defamation - CORRECT ANSWER-to harm the reputation by libel or slander to an agent
or insurer
unfair methods competition & unfair deceptive act - CORRECT ANSWER-can be
advertising or misrepresentations non-willful u to $5,000 willful $40,000
