Florida life and health - Study guides, Class notes & Summaries

Within how many days must a licensee notify the Department of Financial Services of a change in address? - Answer-30 All of the following entries are classified under the four principal areas of Florida insurance law EXCEPT... - Answer-An agent's commission Which of the following factors is NOT considered when the Department of Financial Services determines if an agent's home is an insurance agency? - Answer-The amount of premium collected at this location Florida requires that an ins...

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Insured - Answer-The person covered by the insurance policy. Rider - Answer-A written modification attached to a policy that increases or decreases coverage and/or premiums. What is a unilateral contract? - Answer-A contract in which only one of the parties is legally bound to fulfill its obligations. What law protects consumers from the circulation of inaccurate or obsolete information? - Answer-The Fair Credit Reporting Act. What are the three types of agent authority? - Answer-Imp...

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Final Exam - Florida Life and Health/ 150 Quizzes & Correct Ans. Terms like: Which Unfair Trade Practice involves making a false statement on an insurance application in order to receive money from an insurer? - Answer: Misrepresentation Who owns a stock company? - Answer: A stock insurance company is owned by its stockholders.

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