Florida Insurance Study guides, Class notes & Summaries

Florida Insurance Exam questions and answers 2024 The clause identifying which losses resulting from an accident or sickness are insured by the policy is called the: - ANSWERS Insuring clause K applies for a life insurance policy on herself and submits the initial premium with the application. She is given a receipt by the agent stating that coverage begins immediately if the application is approved. What kind of receipt was used? - ANSWERS Conditional A life insurance arrangement ...

Florida Insurance Exam 100% questions and correct answers Risk - ANSWERS the chance of financial loss Risk is NOT the loss itself, but the _________ of loss. - ANSWERS CHANCE Policy - ANSWERS a written contract for effecting insurance and includes Clauses, Riders, endorsements, and papers which are part of the contract Insurance - ANSWERS a contract where one undertakes to indemnify another or pay a specific amount determined on contingencies Binders - ANSWERS temporary insurance whic...

Florida Insurance Exam (2-15) questions and answers 2024 A Supplementary Medical Expense policy combines the benefits of what two types of plans? - ANSWERS Basic Medical and Major Medical Which of the following is not correct concerning Health Maintenance Organizations? - ANSWERS They mandate enrollment for groups of 25 or more. Which is not true concerning a Hospital Fixed-Rate plan? - ANSWERS Benefits are paid directly to the hospital When benefits are paid to a policyowner covered ...

XCEL Florida Insurance Exam questions and correct answers What is the name of the law that requires insurers to disclose information gathering practices and where the information is obtained - ANSWERS Fair Credit Reporting Act Which of these describe a participating insurance policy - ANSWERS Policy owners are entitled to receive dividends Who elects the governing body of a mutual insurance company - ANSWERS Policyholders Which of the following requires insurer to disclose when an ap...

Florida Insurance Exam 100% questions and correct answers Risk - ANSWERS the chance of financial loss Risk is NOT the loss itself, but the _________ of loss. - ANSWERS CHANCE Policy - ANSWERS a written contract for effecting insurance and includes Clauses, Riders, endorsements, and papers which are part of the contract Insurance - ANSWERS a contract where one undertakes to indemnify another or pay a specific amount determined on contingencies Binders - ANSWERS temporary insurance whic...

Florida Insurance Exam (2-15) questions and answers 2024 A Supplementary Medical Expense policy combines the benefits of what two types of plans? - ANSWERS Basic Medical and Major Medical Which of the following is not correct concerning Health Maintenance Organizations? - ANSWERS They mandate enrollment for groups of 25 or more. Which is not true concerning a Hospital Fixed-Rate plan? - ANSWERS Benefits are paid directly to the hospital When benefits are paid to a policyowner covered ...

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