Study guides, Class notes & Summaries

Claims Adjuster Florida Exam Questions and Answers 100% Pass For purposes of insurance, a "loss" is best defined as: - Correct Answer ️️ -an unwelcomed, unplanned reduction in economic value An automatic sprinkler system in a hotel building is a risk reduction measure because it: - Correct Answer ️️ -reduces the amount of damage that a fire is likely to do Insuring a new restaurant against business failure is not possible because business success or failure is: - Correct Answer ...

2/19 Florida Statutes, Rules and Regulations Pertinent to General Lines Insurance Exam Questions and Answers 100% Pass Florida Automobile Joint Underwriting Association: - Correct Answer ️️ -Market source for persons who are unable to purchase Auto insurance through normal channels. Florida Automobile Joint Underwriting Association Operations: - Correct Answer ️️ - Operations are overseen by a Board of governors Deposit Premium by the applicant: - Correct Answer ️️ -Agents hav...

Personal Lines License 20-44 Exam Questions and Answers 100% Pass Warranty - Correct Answer ️️ -policy condition, either based on information in the insured's application or inserted by the insurer Misrepresentation - Correct Answer ️️ -an untrue statement by the insured, made in an application but does not become a part of the policy Broad Evidence Rule - Correct Answer ️️ -a method of determing the true insurable worth of a structure or vehicle according to any measure that...

20-44 License Exam Questions and Answers 100% Pass Risk - Correct Answer ️️ -Change of a financial loss/uncertainty of a loss to happen/uncertainty of future outcome Assumed Risk - Correct Answer ️️ -Amount of risk the insured is willing to absorb Pure Risk - Correct Answer ️️ -A situation that present the opportunity for loss, but for no gain; Insurable risk Speculative Risk - Correct Answer ️️ -Uncertainty about an event under consideration that could produce either a p...

Types of Casualty Policies, Bonds and Related Terms Questions and Answers 100% Pass personal injury - Correct Answer ️️ -injury to a persons character advertising injury - Correct Answer ️️ -nonphysical injury to a business (defamation) coverage territory - Correct Answer ️️ --united states -US territories and possessions -Canada premise and operations - Correct Answer ️️ -hazards related to ownership, maintenance or use of the insured's premises and all business operati...

Florida Adjuster All Lines Exam Questions and Answers 100% Pass The Adjuster's Code of Ethics starts with a basic premise which states: - Correct Answer ️️ -The work of adjusting engages the public trust Once an adjuster is licensed he or she must maintain a continuing education requirement. Select from the following an adjuster's compliance requirement in order to stay licensed: - Correct Answer ️️ -A newly licensed adjuster must complete 24 hours of continuing education in eve...

Exam Questions 2-20 Units 1-17 Questions and Answers 100% Pass True or False? An applicant for the 2-20 General Lines Agent License can seek the license for the purpose of writing "controlled business". - Correct Answer ️️ -False An applicant must not be seeking to obtain the 2-20 General Lines Agent License for the purpose of writing "controlled business"; this is specifically excluded. An applicant for the 2-20 General Lines Agent License must show that the application is at lea...

FL 4-40 License Exam Questions and Answers 100% Pass Risk - Correct Answer ️️ -the chance of financial loss what is the only way that a person can transfer the risk of exposure to the insurance company? - Correct Answer ️️ -Is if the insurance company can measure the risk What is an insurance policy soley designed to do? - Correct Answer ️️ -to recompose the insured for a financial loss Insurance - Correct Answer ️️ -a contract which one party indemnifies another party a ...

P&C License Exam - Practice Test Questions 100% Correct Answers Who would be able to collect survivor and death benefits from WC in the event the covered injury resulting in the death of an employee? - Correct Answer ️️ -Spouse of Employee Which type of crime best describes someone who waits until store personnel are preoccupied and pockets merchandise while no one is looking and leaves without detection - Correct Answer ️️ -Robbery Not a common exclusion in a liability policy - ...