Florida Insurance Bundled Exams Questions and Answers 100% Verified and Updated | Graded A

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 a...

Property-Insurance Terms & Related Concepts Questions and Answers 100% Pass Insurance - Correct Answer ️️ -The TRANSFER of financial responsibility associated with a potential of a loss (risk) to an insurance company, which in turn spreads the costs of unexpected losses to many individuals. ...

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 Receivabl...

20-44 Personal Lines Agent PreXam Flashcards ALL SETS Questions and Answers 100% Pass the cost to replace an item or property at the time of loss, minus depreciation - Correct Answer ️️ -Actual Cash Value (ACV) a type of policy limit which limits coverage to a specified total amount for all ...

Florida 2-20 General Lines Study Manual 27th Edition Questions and Answers 100% Pass 1.4 Qualifications for General Lines License - Correct Answer ️️ -1. 18 or older 2. resident of FL or place of business in FL 3. will be active in business, business is accessible and identifiable by public ...

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 P...

Florida Personal Lines 20-44 Definitions Questions and Answers 100% Pass Abandonment Clause - Correct Answer ️️ -A clause often contained in property insurance policies stating that the insured cannot abandon damaged property to the insurer and demand to be reimbursed for its full value Acc...

Cheat Sheet - Property & Casualty Exam Questions and Answers 100% Pass What are the forms of homeowner policies? - Correct Answer ️️ -HO-2, HO-3, HO-4, HO-5, HO-6, HO-8. Each of these forms provides identical liability coverage. The property coverage varies with the homeowners form selected....

Florida Insurance Exam Questions and Answers 100% Correct Risk - Correct Answer ️️ -the chance of financial loss Risk is NOT the loss itself, but the _________ of loss. - Correct Answer ️️ -CHANCE Policy - Correct Answer ️️ -a written contract for effecting insurance and includes Cl...

Florida 2-15 Insurance License Exam Questions and Answers 100% Pass Accumulation units are converted into annuity units: - Correct Answer ️️ -at the time of annuity payout. A group life insurance plan in which the employer pays the entire premium is known as a ________________ plan. - Corre...

Florida General Lines Agent Exam questions with 100% correct answers What is the definition of a risk that is insurable? a.Risk is defined as a chance or the possibility of financial loss; only pure risks are insurable as there is no possibility of a gain b.A chance of a loss or gain c.A risk ...

Florida 2-20 Exam Questions and Answers 100% Pass B. A general lines agent or a general lines insurance agency - Correct Answer ️️ -Who may appoint a Customer Representative? Select one: A. A surplus lines agent holding a general lines license and a surplus lines license B. A general lines ...