Florida 2 15 insurance Study guides, Class notes & Summaries

When life insurance proceeds are used to pay inheritance taxes and federal estate taxes, it is known as - Answer- Estate conservation In group insurance, the primary purpose of the Coordination of Benefits provision is to - Answer- Prevent overinsurance Which of the following statements is NOT true regarding health insurance policy provisions? - Answer- All additional provisions written by insurers are cataloged by their respective states. The policyowner has an option to pledge the lif...

An appraisal can be completed by which of the following? A home inspector A real estate broker A licensed appraiser using USPAP standards A mortgage loan originator - ANSWERA licensed appraiser using USPAP standards What is a BPO? Broker Price Opinion Best Practice Organization Best Prospective Offer Beyond Present Opportunities - ANSWERBroker Price Opinion Which of the following is incorrect? Farming methods include Direct Mail and Just Listed Post Cards. Farming only invo...

Accumulation units are converted into annuity units: - Answer- at the time of annuity payout. A group life insurance plan in which the employer pays the entire premium is known as a ________________ plan. - Answer- noncontributory If a disabled worker covered under Social Security disability benefits recovers and then is disabled again within five years, a new waiting period is required before benefits begin again. - Answer- FALSE Robert had an accident and qualified for Social Security...

Florida Insurance 2-15 Exam Terms Questions And Answers With Latest Set. Florida Insurance 2-15 Exam Terms Questions And Answers With Latest Set.

FLORIDA 2-15 INSURANCE /INSURANCE FLORIDA 2-15 REAL 100+QUESTION AND ANSWERS 2023-2024.FLORIDA 2-15 INSURANCE /INSURANCE FLORIDA 2-15 REAL 100+QUESTION AND ANSWERS 2023-2024.FLORIDA 2-15 INSURANCE /INSURANCE FLORIDA 2-15 REAL 100+QUESTION AND ANSWERS 2023-2024.

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Florida 2-15 Insurance Questions And Answers | 100% Correct Answers | 2024 Updated Quiz In the insurance business, risk can best be defined as: A. sharing the possibility of a loss B. uncertainty regarding the future C. uncertainty regarding financial loss D. uncertainty regarding when death will occur C. The concept of insurance developed from the need to minimize the adverse effects of risk associated with the probability of financial loss. Which of the following risks is insurable? ...