Florida insurance exam - Study guides, Class notes & Summaries

Which type of insurance protects an agent and even pays claims if a lawsuit is brought against the agent as a result of failing to provide a service to a client? - Errors and Omissions Insurance Which of the following terms is known as the voluntary relinquishment of a given right or privilege? - Waiver This Supreme Court case placed the regulation of insurance within the authority of the federal government by defining insurance as a form of interstate commerce? - United States v. Southeastern...

Florida Insurance Exam ACTUAL EXAM WITH REAL QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) LATEST |GUARANTEED A+ 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 Clauses, Riders, endorsements, and papers which are part of the contract Insurance - CORRECT ANSWER a contract where one undertakes to...

Which type of insurance protects an agent and even pays claims if a lawsuit is brought against the agent as a result of failing to provide a service to a client? - Errors and Omissions Insurance Which of the following terms is known as the voluntary relinquishment of a given right or privilege? - Waiver This Supreme Court case placed the regulation of insurance within the authority of the federal government by defining insurance as a form of interstate commerce? - United States v. Southeastern...

FLORIDA HEALTH AND LIFE INSURANCE EXAM AND PRACTICE EXAM LATEST 2024 ACTUAL EXAM 400 QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES (VERIFIED ANSWERS) |ALREADY GRADED A+

Florida Insurance Exam ACTUAL EXAM WITH REAL QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) LATEST |GUARANTEED A+ The clause identifying which losses resulting from an accident or sickness are insured by the policy is called the: - CORRECT ANSWER Insuring clause K applies for a life insurance policy on herself and submits the initial premium with the application. She is given a receipt by the agent stating that coverage begins immediately if the application is approve...

FLORIDA LIFE INSURANCE/ ANNUITIES 2-14 STUDY SET EXAM WITH CORRECT ANSWERS Which of the following individuals MUST be licensed as an agent? - CORRECT ANSWER-A person who places insurance on behalf of anyone seeking insurance. Which of the following statements regarding a nonresident insurance agent is CORRECT? - CORRECT ANSWER-The agent must hold a similar license in their state of residence State insurance laws specifically allow the Commissioner(or Director) to issue a temporary...

FLORIDA TERMITE EXAM 2024 QUESTIONS AND ANSWERS 100% PASS What must you have signed by the customer before entering into a contract on a property that is currently under an active wdo warranty? - Correct Answer ️️ -Form 13671 (consumer consent form) The eastern sub termite belongs to what family? - Correct Answer ️️ -Rhinotermitidae Drywood and dampwood termites belong to the family? - Correct Answer ️️ - Kalotemritidae according to the revised taxonomy of termites, these ins...

Duties of the Colorado Real Estate Commission include all of the following EXCEPT A) Investigation of verified written complaints. B) Approving errors and omissions carriers. C) Creating the Annual Commission Update course each year. D) Hearing disputes between brokers. (Ans- D) Hearing disputed between brokers. A buyer in a closed transaction has filed a complaint with the Colorado Real Estate Commission, claiming the buyer's agent misrepresented the property. The Commission, in respo...

Florida Insurance Exam ACTUAL EXAM WITH REAL QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) LATEST |GUARANTEED A+ Rick recently died and left behind an individual IRA account in his name. His widow was forwarded the balance of the IRA. The widow qualifies for the: - CORRECT ANSWER marital deduction Which of these statements about a Guaranteed Insurability Option rider is NOT TRUE? - CORRECT ANSWER Evidence of insurability is required when the option is exercised ...

214 Florida Insurance EXAM AND PRACTICE EXAM NEWEST ACTUAL EXAM COMPLETE 350+ QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+ Which type of insurance protects an agent and even pays claims if a lawsuit is brought against the agent as a result of failing to provide a service to a client? - CORRECT ANSWER Errors and Omissions Insurance Which of the following terms is known as the voluntary relinquishment of a given right or privilege? - CORRECT ANSWER Wa...