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Florida 2-15 Insurance License Exam DETAILED QUESTIONS AND QUESTIONS GRADED A+
Florida 2-15 Insurance License Exam DETAILED QUESTIONS AND QUESTIONS GRADED A+ Which type of insurer insures groups of individuals who are of the same class? - ANSWER - Risk Retention Groups Rachel owns a major medical health policy which requires her to pay the first $300 of covered expenses each year before the policy pays its benefits. The $300 is the policy's: - ANSWER - deductible Self-insuring is an example of what type of risk? - ANSWER - Risk Retention When might a Sta...
- Exam (elaborations)
- • 16 pages •
Florida 2-15 Insurance License Exam DETAILED QUESTIONS AND QUESTIONS GRADED A+ Which type of insurer insures groups of individuals who are of the same class? - ANSWER - Risk Retention Groups Rachel owns a major medical health policy which requires her to pay the first $300 of covered expenses each year before the policy pays its benefits. The $300 is the policy's: - ANSWER - deductible Self-insuring is an example of what type of risk? - ANSWER - Risk Retention When might a Sta...
Florida Real Estate Exam DETAILED QUESTIONS AND ANSWERS GRADED A+
Florida Real Estate Exam DETAILED QUESTIONS AND ANSWERS GRADED A+ A blanket Morgage that allows for the release of a single parcel upon payment of a specified sum contains which clause? a. defeasance b. acceleration c. satisfaction d. release - ANSWER - d. release The Federal Housing Administration a. originates loans b. insures loans c. guarantees loans d. certifies loans - ANSWER - b. insures loans Construction loans are paid out in a. full at the begining of co...
- Exam (elaborations)
- • 15 pages •
Florida Real Estate Exam DETAILED QUESTIONS AND ANSWERS GRADED A+ A blanket Morgage that allows for the release of a single parcel upon payment of a specified sum contains which clause? a. defeasance b. acceleration c. satisfaction d. release - ANSWER - d. release The Federal Housing Administration a. originates loans b. insures loans c. guarantees loans d. certifies loans - ANSWER - b. insures loans Construction loans are paid out in a. full at the begining of co...