Florida insurance 20 44 - Study guides, Class notes & Summaries

Personal Lines License 20-44 Already Graded A+ Warranty ️policy condition, either based on information in the insured's application or inserted by the insurer Misrepresentation ️an untrue statement by the insured, made in an application but does not become a part of the policy Broad Evidence Rule ️a method of determing the true insurable worth of a structure or vehicle according to any measure that will prvoide the most accurate analysis of that property's value State ️a ...

insurance - ANSWER ________________ is a contract whereby one undertakes to indemnify another or pay or allow a specified amount or a determinable benefit upon determinable contingencies. liberalization - ANSWER The ______________ provision broadens an insured's coverage without an increase in premium when the insurer has adopted a generic global policy revision. casualty - ANSWER ______________ insurance is insurance which pays on behalf of the insured's legal liability. severabilit...

Florida Insurance Exam Auto & Home 20-44 100% accurate!! What does a homeowners policy consist of? - ANSWER 1. Declarations 2. One of 6 Homeowners forms 3. Mandatory and optional endorsements Name the 6 Homeowners Forms - ANSWER HO-2, 3, 4, 5, 6, 8 Which form is used for Renters? - ANSWER HO-4 Which form is used for Condo owners? - ANSWER HO-6 Which form is the most common? - ANSWER HO-3 What does coverage A cover? - ANSWER The dwelling itself, building, attached structures ...

TDI DISASTER EXAM VERIFIED QUESTIONS AND ANSWERS 2023/2024 VERSION ACTUAL TEST GRADED A Quiz 1 1. If Lowest Cost Insurance Company chooses to accept his application for insurance, the insurer is the risk? • Retaining (Correct Answer) • Reducing •Avoiding • Transferring 2. If Lowest Cost Insurance Company declines his application for insurance, the insurer is the risk? • Retaining • Reducing •Avoiding (Correct Answer) • Transferring 3. Mr. Jones' heart atta...

FL PERSONAL LINES 20-44 FLORIDA STATUTES PRACTICE EXAM QUESTIONS & ANSWERS 100% CORRECT

Concealment: The failure of the insured to reveal relevant facts known to the insured in applying for insurance. 6. Abandonment: Property insurance policies usually contain an abandonment clause, stating the insured cannot dump damaged property on the insurer and demand its full value. 7. Severability: The insurance applies separately to each insured as if other insureds did not exist. 8. Proximate Cause: The cause having the most significant impact in bringing about the loss under a fir...

Florida Claims Adjuster Exam, 6-20 All Lines Adjuster- Florida- Review 1 / 44 1. Peril: Something that causes a loss. 2. Hazard: Something that increases the probability that a loss will occur. 3. Warranty: A policy condition, either based on information in the insureds application or inserted by the insurer. It is a guarantee of a fact. 4. Misrepresentation: An untrue statement by the insured, made in an application for insurance but which does not become a part of the policy. 5. Conceal...

blanket insurance - CORRECT ANSWER-insurance where a single amount of insurance applies to two or more coverage items misrepresentation - CORRECT ANSWER-any untrue statement made in application so policy will issue mutual company - CORRECT ANSWER-have no stockholders owned by policy owners stock company - CORRECT ANSWER-is incorporated and is owned by its stockholders churning - CORRECT ANSWER-is taking values from existing policy to buy another with same insurer without a benefit fo...

Gold Coast 45 Hour Exam Questions (exam version H 2023) Already Passed Property managers who are employed and compensated by community associations are required to obtain and maintain which type of license? CAM What term is used for the practice of specializing in one particular residential neighborhood or type of property? Farming empty upon closing a sales transaction who pays the sales associate their contracted commission? Employing Broker Home sold for $250k with a garage, a home sold ...

Gold Coast RE 1001 Cram, Practice Math and Final Exam with complete solutions Graded A+ 312. Florida has established three authorized brokerage relationships. Unless otherwise established by agreement, what is the broker's relationship with the public? a. Nonrepresentation b. Single agency c. Dual agency d. Transaction brokerage D. Transaction brokerage 242. A broker has been found guilty of mail fraud by a court and sent to jail. The broker's license will: a. Automatically be ...