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TOPIC. Florida Statutes, Rules and Regulations Pertinent to General Lines Insurance Question 1 of Questions and Answers 2024 $13.99   Add to cart
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TOPIC. Florida Statutes, Rules and Regulations Pertinent to General Lines Insurance Question 1 of Questions and Answers 2024
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TOPIC. Florida Statutes, Rules and Regulations Pertinent to General Lines Insurance Question 1 of

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  • October 27, 2024
  • 5
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • topic florida statutes rules and regulations per

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  • Florida General Lines
  • Florida General Lines

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TOPIC. Florida Statutes, Rules and
Regulations Pertinent to General Lines
Insurance Question 1 of 15

Which of the following is a statutory defense? - answer Comparative negligence

In Florida, the Financial Responsibility Law is administered by - answer Department of
Highway Safety and Motor Vehicles.

What is the benefit of experience rating? - answer It allows employers with low claims
experience to get lower premiums.

How does a member of an HMO see a specialist? - answer The primary care physician
refers the member.

The insured's health policy only pays for medical costs related to accidents. Which of
the following types of policies does the insured have? - answer Accident-only

The provision which states that both the printed contract and a copy of the application
for the contract between the policyowner and the insurer is called the - answer Entire
contract.

In group insurance, what is the policy called? - answer Master policy

An insured is involved in a boating accident which injures his legs severely enough to
confine him to a wheelchair. He works as a booking agent for an airline, which means
that in order for him to work, he must sit at a desk all day. What disability benefits would
the insured receive? - answer No benefits

Which of the following groups would probably be covered by blanket insurance? -
answer A university's sports team

Which of the following entities are responsible for making premium payments in medical
plans? - answer Subscribers

How many hours of continuing education are general lines agents required to complete
every year on the subject of hurricane mitigation options? - answer Each licensed
general lines agent must complete 1 hour of continuing education every 2 year.

Joe has tried to obtain automobile insurance in the voluntary market multiple times, but
is always turned down. He meets all the general qualifications for auto insurance. Who

, can Joe go to for auto insurance now? - answerFlorida Automobile Joint Underwriting
Association. was developed to provide coverage to individuals that are unable to secure
coverage in the voluntary market, but otherwise qualify for automobile insurance ,must
have a valid driver's license.

Joe's driver's license was revoked 90 days after his auto insurance policy was issued. If
the insurer chooses to cancel his auto insurance policy, it must give Joe a minimum of
______ notice. - answer45 days

What is the maximum service charge a general lines agent may charge per installment
for financial insurance premiums? - answer$3. A general lines agent may make a
service charge of up to $3 per installment (for a maximum of $36 per year) for financial
insurance premiums on policies issued by the agent.

The primary care physician, or gatekeeper of an HMO helps - answerControl specialist
costs.

Under a disability income policy, the insurer does not pay a monthly benefit that is equal
to the insured's previous income. The reason for paying a benefit amount that is less
than the insured's income is to - answerPrevent over-utilization and malingering. The
insurer wants there to be a financial incentive to the insured to return to work.

Boiler and Machinery coverage is written with a single limit of insurance per accident.
However, what is the sub limit for hazardous substance cleanup, or repair or
replacement of contaminated property? - answer$25,000

Which of the following provisions in accident and sickness policies would prevent an
insurance company from paying a reimbursement claim to someone other than the
policyowner? - answerPayment of claims

If an insured has an own occupation plan, what is the maximum amount of time that
benefits can be collected on his or her current job? - answer2 years

For cancellation of a commercial property policy during the first 90 days, for a reason
other than nonpayment of premium, the insurer must give the insured - answerAdvance
written notice of at least 20 days.

An applicant for health insurance is provided with which of the following: - answerThe
"free look period. A period of time during which the insured may return the policy for a
full premium refund.

The insuring agreement or clause - answeris usually located on the first page of the
policy. It is a general statement that identifies the basic agreement between the
insurance company and the insured, and the company's promise to pay to provide
insurance and cover the claims.

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