Florida insurance laws - Study guides, Class notes & Summaries

45 Hour Post License Real Estate Florida Test Questions With Answers Latest Updated 2024/2025 | 100% Verified. When consumers, lured by lower prices, venture back into the market, business activity increases and confidence begins to return. Slowly, production facilities gear up to meet the new consumer demand, capital begins to flow back into business enterprises, and additional employees are hired. The three types of operating expenses of an income property are A) fixed, debt service, and...

Florida Insurance Laws accurate Questions and Answers! A _____ insurer is one formed under the laws of this state. a) Domestic b) Foreign c) Alien d) None of the above - ANSWER a) Domestic The National Weather Service (NWS) categorizes storms as a hurricane which includes the time of a warning/watch all the way through to ___ hours after the NWS terminates the warning. a) 24 b) 48 c) 72 d) 96 - ANSWER c) 72 Property Insurance policies with hurricane deductibles: a) The d...

An economic recovery is defined as A) two successive quarterly declines in the gross domestic product. B) two successive quarterly increases in the gross domestic product. C) a period of higher housing prices. D) two successive periods of stock market gains. correct answers B) two successive quarterly increases in the gross domestic product. Explanation When consumers, lured by lower prices, venture back into the market, business activity increases and confidence begins to return. Sl...

What law prohibits a lender from requiring mortgage insurance through any agent or company? Anti - coercion law Who supervises all activities of the OFR? The director What are examples of prohibited practices under Chapter 494? Mostly fraud related activities Who can a fee or commission related to a mortgage loan transaction be paid to under chapter 393? Mortgage broker Mortgage lender A person exempt from licensure under the law. What disclosures need to be pro...

TEST FOR ADJUSTER PRO, FLORIDA STUDY(QUESTIONS AND ANSWERS)A+ GRADED EXAM 2023-2024 - CORRECT ANSWER-Subtract the deductible from covered damages to get indemnification - CORRECT ANSWER-6 unique characteristics of insurance policy 1 Contracts of adhesion (court ez win) 2 Utmost good faith 3 aleatory 4 personal 5 Unilateral (only insurer has obligation) 6 Conditional - CORRECT ANSWER-1945 regulate insurance Naic doesn't give benefits to comissioners 90 day to pay hijacking on...

Florida Insurance Laws Questions and Answers, Graded A+ Chief Financial Officer (CFO) Serves as head of the Florida Department of Financial Services (FLDFS) Financial Services Commission Administers banking and securities regulation through the appointment of the Director of the Office of Financial Regulation and Securities Regulation. Commissioner of the Office of Insurance Regulation Administers insurance company regulation which includes licensing, rates, policy forms, marke...

Florida LP Master Qualifier Exam | 100% Correct Answers | Verified | Latest 2024 Version When must a dispensing unit have a License to operate in the state of Florida? - When selling to the public What are the insurance requirements for dispensing units in Florida? - 1 Mil Cat 2 Ins Have a qualifier What kind of accident must be reported - Cause of death or medical care Property damage more than 1000 When must accidents be reported - Cause of death or professional medical car...

Florida Laws and Rules Pertinent to Insurance Exam Questions and Correct Answers (A Graded ) 2024/2025