Florida Insurance Study guides, Class notes & Summaries

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...

The clause identifying which losses resulting from an accident or sickness are insured by the policy is called the: - correct answer 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? - correct answer Conditional A life insurance arrangement which circumvents insurable interest statute...

Florida Insurance Exam Questions And Answers With Verified Solutions

FL 2-15 Florida Statutes, Rules, And Regulations Common To All Lines Questions And Answers