240 health insurance - Study guides, Class notes & Summaries

Florida Health 240 Insurance Latest 2024 Already Passed Rules of Construction Help to identify and establish the intent of the parties to the contract Utmost good faith Each party is entitled to rely on the representation of the other, and each party should have a reasonable expectation that the other is acting in good faith without attempts to conceal or deceive. Aleatory Contract A contract under which one party's performance is contingent on an uncertain event. property and casualty agent...

Florida State Licensing Exam Prep: Life & Health Insurance Agent #1-240 (Qs And As)

Florida Health Insurance 240 Chapters 1 – 5: Q&A

Florida Health 240 Insurance questions and answers 2024

Florida Health Insurance 240 Chapters 6 – 8: Q&A

Florida Health 240 Insurance Question and answers already pass 2023/2024Rules of Construction - correct answer Help to identify and establish the intent of the parties to the contract Utmost good faith - correct answer Each party is entitled to rely on the representation of the other, and each party should have a reasonable expectation that the other is acting in good faith without attempts to conceal or deceive.

Florida Health 240 Insurance Exam (Graded A+) Florida Health 240 Insurance Exam (Graded A+) Rules of Construction Help to identify and establish the intent of the parties to the contract Utmost good faith Each party is entitled to rely on the representation of the other, and each party should have a reasonable expectation that the other is acting in good faith without attempts to conceal or deceive. Aleatory Contract A contract under which one party's performance is contingent on a...

Florida Health Insurance 240 Chapters 6 – 8 Already Passed Which renewability best describes a Disability Income Policy that covers an individual until the age of 65, but the insurer has the right to change the premium rate for the overall risk class? Guaranteed Renewable Describe a Guaranteed Renewable Health Insurance policy. The premiums normally increase at time of renewal for the entire class; renewed without proof of insurability; benefits and coverage are not changed According to Flo...

Florida Health Insurance 240 Chapters 1 – 5 Latest Update Graded A Consideration It is the binding force in any contract. Something of value that each party gives to the other. The insurer's _______ is the promise to pay for losses, while the insured's _______ is the premium and agreeing to abide by the contract. Representations Statements believed to be true to the best of one's knowledge, but they are not guaranteed to be true. Warranty An absolutely true statement upon which the validi...

Florida Health 240 Insurance Exam Questions With Verified Solutions Rules of Construction - answerHelp to identify and establish the intent of the parties to the contract Utmost good faith - answerEach party is entitled to rely on the representation of the other, and each party should have a reasonable expectation that the other is acting in good faith without attempts to conceal or deceive. Aleatory Contract - answerA contract under which one party's performance is contingent on an unc...