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WEBCE LIFE HEALTH FLORIDA EXAM QUIZ & ANSWERS .
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WEBCE LIFE HEALTH FLORIDA EXAM QUIZ & ANSWERS .
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WEBCE LIFE HEALTH FLORIDA EXAM QUIZ& ANSWERS .
Rory's,parents,offered,to,buy,him,a,new,car,to,take,to,college,,but,Rory,turned,them,down,because,he,
was,afraid,the,car,would,be,stolen,or,damaged,if,he,parked,it,on,campus.,In,deciding,not,to,own,a,car,,
what,risk,management,technique,did,Rory,employ?,,ANS,-,,risk,avoidance
Which,of,the,following,is,most,likely,to,be,an,insurable,risk?,,ANS,-
,,The,chance,that,a,fire,will,destroy,a,building
Theodore,pays,an,annual,premium,to,the,insurance,company,that,covers,many,of,the,risks,associated,w
ith,Theodore's,business.,What,risk,management,technique,is,Theodore,using?,,ANS,-,,risk,transfer
The,possibility,that,a,fire,will,damage,Fay's,store,building,is,a,pure,risk.,Why?,,ANS,-
,,It,involves,only,the,chance,of,a,loss.
Esther,,an,underwriter,for,QRS,Insurance,Company,,is,not,able,to,provide,the,coverage,requested,in,Ben
ny's,insurance,application.,Esther,can,reject,the,application,,or,she,can,,ANS,-,,Make,a,counteroffer
When,applying,for,a,businessowners,insurance,policy,,Brandy,did,not,mention,that,hazardous,and,illegal
,activity,that,goes,on,in,the,backroom,of,her,shop,because,she,realized,no,insurer,that,knew,about,it,wo
uld,insure,her,business.,What,is,Brandy's,failure,to,disclose,this,activity,considered?,,ANS,-,,Concealment
Haze's,store,has,an,automatic,sprinkler,system,that,will,be,activated,by,a,fire.,In,exchange,for,the,reduc
ed,fire,insurance,premium,,she,signs,a,document,stating,that,the,automatic,sprinkler,system,will,always,
be,in,operating,condition.,What,is,this,statement?,,ANS,-,,A,Warranty
Tom's,insurance,company,wanted,to,deny,Tom's,claim,based,on,an,exclusion,in,Tom's,policy,,but,Tom,a
nd,his,lawyer,convinced,the,court,that,the,exclusion,was,ambiguous,and,did,not,clearly,apply,to,Tom's,c
ase.,Because,the,policy,is,a,contract,of,adhesion,,what,will,the,court,do?,,ANS,-,,Rule,in,Tom's,favor
,Evangeline,bought,he,home,with,20,percent,down,payment,and,mortgage,from,Trevor,Bank.,She,had,n
ot,yet,paid,off,the,mortgage,when,the,home,was,badly,damaged,in,an,explosion.,Who,had,an,insurable,i
nterest,in,the,home,at,the,time,of,the,loss?,,ANS,-,,both,Evangeline,and,Trevor,Bank
For,an,insurer,to,pay,a,property,or,casualty,claim,,when,must,the,policyholder,have,an,insurable,interes
t,in,the,insured,risk?,,ANS,-,,At,the,time,of,the,loss
In,the,context,of,a,property,or,casualty,insurance,policy,,which,of,the,following,is,considered,to,be,pers
onal,property?,,ANS,-,,Gas,Grille
An,owner,of,a,property,or,casualty,insurance,policy,is,required,to,have,an,insurable,interest,in,the,insur
ed,risk,at,the,time,of,the.,,ANS,-,,Loss,of,the,insured,property,or,occurrence,of,the,insured,event
The,building,and,personal,property,used,in,Greg's,business,are,covered,by,an,open,perils,property,insur
ance,policy,,but,he,is,concerned,that,the,policy,excludes,coverage,for,the,flood,and,earthquake,losses.,
What,might,Greg,be,able,to,purchase,to,obtain,flood,and,earthquake,coverage?,,ANS,-,,difference-in-
conditions,policy
Elias's,store,is,covered,by,a,property,insurance,policy,that,provides,named,perils,coverage.,When,Elias,e
nters,the,store,on,Monday,morning,,he,discovers,that,much,of,the,merchandise,was,damaged,over,the,
weekend,,and,he,submits,a,property,insurance,claim.,Which,of,the,following,statements,correctly,descri
bes,the,burden,of,proof,with,respect,to,this,claim?,,ANS,-
,,Elias,has,the,burden,of,proving,that,the,damage,was,caused,by,a,covered,peril
While,Connie,is,out,of,town,on,an,extended,vacation,,a,group,of,teenagers,break,into,her,house,,throw,
a,beer,party,,and,damage,the,interior.,Connie's,resulting,property,insurance,claim,will,be,covered,if,her,
policy,covers,what,perils?,,ANS,-,,vandalism,or,malicious,mischief
Elaine's,property,insurance,policy,lists,and,describes,eight,covered,causes,of,loss.,These,causes,of,loss,m
ay,also,be,referred,to,as:,,ANS,-,,Perils
Which,one,of,the,following,legally,qualifies,as,an,attractive,nuisance?,,ANS,-
,,An,unfenced,swimming,pool,in,Kris's,backyard,is,used,by,neighborhood,children,while,she,is,at,work
,Rosalie,was,attacked,by,her,neighbor's,dog.,As,a,result,,she,was,hospitalized,for,ten,days,and,spent,anot
her,painful,month,at,home,recovering,from,her,injuries.,In,addition,to,paying,her,an,amount,as,compen
sation,for,her,pain,and,suffering,,the,neighbor's,insurer,was,required,to,pay,for,her,medical,expenses,an
d,lost,wages.,What,is,the,money,paid,for,Rosalie's,lost,wages,considered?,,ANS,-,,special,damages
Yesenia,was,seriously,injured,when,Elbert's,and,Yesenia's,cars,collided,at,an,intersection.,A,court,deter
mined,that,the,accident,was,60,percent,Yesenia's,fault,,so,Yesenia,was,entitled,to,recover,only,40,perce
nt,of,her,damages,from,Elbert.,The,defense,on,which,this,court's,determination,was,based,involves:,,AN
S,-,,comparative,negligence
Harding,Paint,Store,mixed,a,gallon,of,paint,with,custom,color,Meghan,requested.,However,,the,store,cl
erk,failed,to,tighten,the,lid,on,the,paint,can,,which,came,open,while,Megan,was,driving,home,with,the,c
an,in,her,car.,Harding,was,required,to,pay,for,the,expensive,damage,to,Megan's,car,that,resulted,from,t
he,paint,spill,under:,,ANS,-,,tort,law
Coworkers,who,live,near,her,residence,ride,to,work,in,Felicia's,car,and,help,pay,for,her,gas,and,other,ex
penses.,An,exclusion,in,Felicia's,auto,insurance,policy,says,it,does,not,cover,a,vehicle,while,it,is,carrying,
persons,for,a,fee,but,then,seems,to,contradict,that,statement,by,saying,the,exclusion,does,not,apply,to,
a,share-the-expense,carpool.,What,is,the,apparent,contradiction?,,ANS,-,,an,exception,to,an,exclusion
Victoria's,full,name,appears,on,the,declarations,page,of,her,insurance,policy,where,she,is,the,only,perso
n,identified,as,a,named,insured.,Within,the,body,of,the,policy,,what,word,or,phrase,refers,specifically,to
,Victoria?,,ANS,-,,You
Lucas's,commercial,property,policy,,like,many,other,policies,that,cover,buildings,,contains,an,"Ordinanc
e,or,Law",exclusion.,What,does,this,exclusion,most,likely,deal,with?,,ANS,-
,,extra,expenses,required,to,comply,with,current,building,codes,when,repairing,damaged,property
Many,endorsements,are,attached,to,Bettie's,policy,,If,she,examines,them,closely,,she,will,probably,find,
one,or,more,endorsements,that,do,all,the,following,Except.,,ANS,-,,Cancel,the,policy
Joan,owns,the,car,that,struck,and,injured,a,pedestrian,,but,she,insists,that,the,car,was,being,driven,at,th
e,time,by,her,neighbor,Kurt,who,took,the,car,without,her,permission.,An,exclusion,in,Joan's,policy,precl
udes,coverage,for,a,driver,that,does,not,have,permission,to,drive,her,car.,The,insurer's,investigation,unc
overs,evidence,that,supports,Joan's,position.,Therefore,,what,will,the,insurer,do?,,ANS,-
,,defend,Joan,against,the,pedestrian's,claim,at,the,insurer's,expense
, Ralph's,car,has,been,damaged,beyond,repair,,and,Ralph's,insurer,pays,him,what,the,car,was,worth,just,
before,the,accident.,The,insurer,then,takes,possession,of,the,car.,What,is,the,car,considered,in,technical
,terms?,,ANS,-,,Salvage
When,Chauncey,lent,Latasha,money,to,buy,a,car,,he,insisted,that,he,be,listed,as,a,loss,payee,on,Latasha
's,auto,insurance,policy.,What,does,the,loss,payable,clause,in,Latasha's,policy,entitle,Chauncey,to?,,ANS,
-,,to,be,included,in,any,claims,payment
Tori's,young,son,drives,his,motorized,toy,car,into,a,neighbor's,child,and,knocks,her,down.,Although,Tori'
s,homeowners,insurance,policy,specifically,excludes,liability,coverage,for,motorized,vehicles,,she,learns,
that,one,of,the,recent,changes,her,insurer,introduced,adds,coverage,for,"toy,cars.",Tori's,renewal,premi
um,will,not,change,because,other,changes,will,reduce,her,coverage.,Her,current,policy's,liberalization,cl
ause,provides,that,,ANS,-
,,Tori,is,not,entitled,to,benefit,from,the,latest,policy,edition,because,it,includes,both,broadenings,and,re
strictions,in,coverage
After,receiving,Shelton's,claim,that,a,car,his,policy,covers,has,been,stolen,,his,insurance,policy,obligates,
his,insurer,to,do,all,the,following,EXCEPT:,,ANS,-,,Pay,the,claim
Because,he,was,watching,his,GPS,instead,of,watching,his,driving,,Gerry's,car,rear-
ended,the,vehicle,in,front,of,him.,It,will,cost,$15,000,to,repair,that,vehicle,,and,the,two,injured,occupan
ts,of,that,vehicle,are,awarded,damages,in,the,amounts,of,$30,000,and,$20,000,,respectively.,No-
fault,laws,do,not,apply.,Jerry's,auto,policy,has,combined,single,limits,of,$50,000.,How,much,will,his,insu
rer,pay?,,ANS,-,,$50,000
Amie,thought,she,was,correctly,following,the,cooking,instructions,when,she,put,a,frozen,turkey,into,the
,turkey,fryer,,but,the,resulting,fire,destroyed,her,neighbor's,wooden,deck.,After,paying,for,the,deck,,the
,neighbor's,insurer,attempts,to,recover,from,Amie,by,exercising,its,right,of:,,ANS,-,,Subrogation
Ivy's,personal,auto,policy,provides,primary,liability,coverage,with,a,$100,000,limit,,while,her,personal,u
mbrella,policy,provides,excess,coverage,with,a,$1,million,limit.,If,Ivy,must,pay,$55,000,in,damages,beca
use,she,is,responsible,for,an,auto,accident,,,ANS,-,,her,personal,auto,policy,will,pay,$55,000.
When,obtaining,information,about,a,claim,,an,adjuster,is,interested,in.,,ANS,-
,,collecting,information,about,the,claim,that,is,needed,to,resolve,it
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