Fl 2 15 law and policies Study guides, Class notes & Summaries

The individual who sits on the Financial Services Commision and supervises the insurance function in Florida is called the - Answer- Chief Financial Officer The major areas of regulation by the Office of Insurance Regulation include which of the following? - Answer- Policing against unauthorized insurance activities The major difference between producers acting as agents and producers acting as brokers is that - Answer- Agents represent the company; brokers represent the client. The pre...

FLORIDA CLAIMS ADJUSTER LATEST EXAM /CLAIMS ADJUSTER (FLORIDA) 270+ REAL EXAM QUESTIONS AND CORRECT ANSWERS|GRADED A The following are basic characteristics of a property or liability insurance contract, except: A. Personal Contract B. Conditional Contract C. Loss of Settlement Contract D. Contract of Adhesion - ANSWER- Loss of Settlement Contract The Insurer's responsibility to pay for a property loss may be conditioned on the insured having used reasonable means to avoid the loss...

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...

State Farm Estimatics Exam which of the following refers to being restored to the financial condition you were in before a loss? - Correct answer-indemnification mark incurred 8000$ damage to his car in an accident. he received 8000$ from his insurance company and 4000$ from the other driver. by receiving a profit from the loss, Mark is in violation of.. - Correct answer-principle of indemnity the transfer of risk from one party to another is called - Correct answer-insurance ...

Claims Adjuster (Florida)| 206 questions| with complete solutions Claims Adjuster (Florida)| 206 questions| with complete solutions Frank owned a home that was destroyed by a hurricane. Both ABC and XYZ Banks were listed as additional interests on his homeowner policy. The insurance company will make a payment to: A. The first mortgagee, ABC B. The Insured C. Jointly to ABC and XYZ D. All listed interests - Correct Answer -D. All listed interests Remember that the insurer is not respo...

NGN ATI Florida Claims Adjuster Exam | 206 Questions with 100% Correct Answers A+ | 2023/2024 Frank owned a home that was destroyed by a hurricane. Both ABC and XYZ Banks were listed as additional interests on his homeowner policy. The insurance company will make a payment to: A. The first mortgagee, ABC B. The Insured C. Jointly to ABC and XYZ D. All listed interests Correct Answer: D. All listed interests Remember that the insurer is not responsible to know the degrees of interest...

Fl-2-15 Law and Policies Practice Questions and Answers (100% Pass) Verified

1 CRCS EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ Medicare Part A Correct Answer: Covers individuals who are elderly (age 65 or older) and individuals with permanent disabilities, end stage renal disease (ESRD) or Lou Gehrig's disease Title XVIII Correct Answer: Medicare (title) Medicare part A Correct Answer: Covers inpatient hospitalizations, skilled nursing facility (SNF), home health & hospice Lifetime reserve days Correct Answer: 60 days of inpatient...

Exam Question Master 1 T/F - Real estate professionals provide knowledge of market conditions - ANS True The product that real estate licensees market is - ANS Expert Information Real estate professionals provide expert information in three areas: - ANS Property transfer, market conditions, and how to market real estate and businesses. D.B.P.R (Department of Business and Professional Regulation) main office location - ANS - Located in Tallahassee, FL. DRE (Divisio...

Florida Laws & Rules Chiropractic Board 2023 Actual Test Questions and Answers MAY 2023 Each licensee shall provide written notification by mail or by electronic means with confirmation to the Department of a change of address within ______ days Answer- 30 The application fee shall be _____ which shall be nonrefundable Answer- $100 A license must be renewed every ___ years? Answer- 2 The fee for biennial renewal of a chiropractic license is _______? Answer- $350 The initial licensure fee ...