Florida insurance final - Study guides, Class notes & Summaries

1. The real estate market is local in nature what does that mean? - ANSWER Information about real estate can best be found through local sources, which makes the real estate market local in nature 2. You would expect a real estate licensee to perform all of the following activities, EXCEPT: A. Providing expert knowledge about construction methods and materials B. Providing expert knowledge to members of the public in the performance of specified services of real estate C. Following up wi...

Florida 2-15 Insurance Final Exam with complete solutions. When life insurance proceeds are used to pay inheritance taxes and federal estate taxes, it is known as ️ Estate conservation In group insurance, the primary purpose of the Coordination of Benefits provision is to ️ Prevent overinsurance Which of the following statements is NOT true regarding health insurance policy provisions? ️ All additional provisions written by insurers are cataloged by their respective states. The po...

Adjuster Pro - Florida Certified Adjuster Glossary Exam Prep 2023. Accumulated Depreciation - ANSWER The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Actual Cash Value (ACV) - ANSWER A valuation method used by insurers to reflect an item's current market value right before being damaged or destroyed. Formula: (Replacement cost - Accumulated Depreciation) Adhesion - ANSWER One of the characteristics of an insurance contrac...

FLA 0214 Final Exam Questions with Correct Answers 100% Verified Common Disaster Clause provides that if both the insured and the sole named beneficiary were to die in a common accident, which of the following is true? - Correct Answer This clause provides the payment of proceeds to the insured's estate Under a life insurance policy the ___ has the authority to name the beneficiary? - Correct Answer owner B recently died and was insured with a life insurance policy for over five years. D...

At the end of this course, you must do which of the following? Pass the final course exam with a scored of 70% or higher Print your certificate from this website Apply for your Insurance Adjuster license at the Florida Department of Financial Services website at All of the above All of the above Which of the following is NOT one of the duties of the Department of Financial Services? License adjusters Set rates and write policies for various company products Supervise the claims activity...

Which of the following is NOT an example of a producer's breach of contract under fiduciary duty? Misappropriation of premiums commingling premiums improper withholding of premiums allowing premiums to be submitted electronically - Precise Answer allowing premiums to be submitted electronically Nevada Requires that coverage for newborns begins "from the moment of birth" and a premium must be paid within: 31 days 90 days 6 months 12 months - Precise Answer 31 days A foreign insur...

ACA Final Exam Questions and Answers 100% Pass At the end of this course, you must do which of the following? Pass the final course exam with a scored of 70% or higher Print your certificate from this website Apply for your Insurance Adjuster license at the Florida Department of Financial Services website at All of the above All of the above Which of the following is NOT one of the duties of the Department of Financial Services? License adjusters Set rates and write pol...

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

Final Exam Florida Life & Health Insurance SF 8/17 questions and answers The Universal Life Policy is called an unbundled Life Policy because the policyholder can see the expense charges, the interest earned, and the: - answer-Cost of insurance". The Universal Life Policy is called an unbundled Life Policy because the policyholder can see the expense charges, the interest earned, and the cost of insurance. What is the Suicide provision designed to do? - answer-safeguard the insurer fro...

PCC Exam 1 Final Questions & Answers 2024/2025 What are the three types of nursing organizations? - ANSWERS1. national/general organizations (National nurses assoc., etc.) 2. specialty groups (ex. acute care nurses) 3. special-interests (ex. cultural group, etc.) ____________ is a professional organization to advance and protect the profession of nursing. It started in 1896 as the Nurses Associated Alumnae. It offers professional education, liability insurance, and other benefits for n...