Florida Insurance Adjuster Study guides, Class notes & Summaries

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Florida Insurance Exam 100% questions and correct answers Risk - ANSWERS the chance of financial loss Risk is NOT the loss itself, but the _________ of loss. - ANSWERS CHANCE Policy - ANSWERS a written contract for effecting insurance and includes Clauses, Riders, endorsements, and papers which are part of the contract Insurance - ANSWERS a contract where one undertakes to indemnify another or pay a specific amount determined on contingencies Binders - ANSWERS temporary insurance which can ...

Florida Insurance Exam questions and answers 2024 The clause identifying which losses resulting from an accident or sickness are insured by the policy is called the: - ANSWERS 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? - ANSWERS Conditional A life insurance arrangement which circu...

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 circumvents insurable interest statutes is called: Investor-Originated...

Florida Insurance Adjuster Licensing Test Questions & Answers 2023(A+GRADED 100%VERIFIED)

The policy period is found in what part of an insurance contract? - Answer- Declarations Insurance policies are said to be contracts of... - Answer- Adhesion The failure to exercise due care is known as - Answer- Negligence A building is destroyed by flood. The loss of profits from renting the building is - Answer- Indirect Loss The notice required for cancellation of an Auto Binders is _____ days - Answer- 5 Property Insurance means - Answer- Insurance where the payment by the in...