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Package deal for Florida Insurance 2-14 Exam
Package deal for Florida Insurance 2-14 Exam
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[Show more]Which type of insurance protects an agent and even pays claims if a lawsuit is brought against the agent as a result of failing to provide a service to a client? - Errors and Omissions Insurance 
 
Which of the following terms is known as the voluntary relinquishment of a given right or privilege? -...
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Add to cartWhich type of insurance protects an agent and even pays claims if a lawsuit is brought against the agent as a result of failing to provide a service to a client? - Errors and Omissions Insurance 
 
Which of the following terms is known as the voluntary relinquishment of a given right or privilege? -...
Which of the following describes a participating insurance policy? - Policyowners are entitled to receive dividends 
 
At what point must a life insurance applicant be informed of their rights that fall under the Fair Credit Reporting Act? - Upon completion of the application 
 
Dividends payable to...
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Add to cartWhich of the following describes a participating insurance policy? - Policyowners are entitled to receive dividends 
 
At what point must a life insurance applicant be informed of their rights that fall under the Fair Credit Reporting Act? - Upon completion of the application 
 
Dividends payable to...
Insurance - Financial protection against loss or harm - An arrangement by which company gives customers financial protection against loss or harm such as theft or illness in return for premium payments. 
 
Life Insurance - Is based on actuarial or mathematical principles and guarantees a specified s...
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Add to cartInsurance - Financial protection against loss or harm - An arrangement by which company gives customers financial protection against loss or harm such as theft or illness in return for premium payments. 
 
Life Insurance - Is based on actuarial or mathematical principles and guarantees a specified s...
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? - This clause provides the payment of proceeds to the insured's estate 
 
Under a life insurance policy the ___ has the authority to name the ben...
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Add to cartCommon 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? - This clause provides the payment of proceeds to the insured's estate 
 
Under a life insurance policy the ___ has the authority to name the ben...
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Which of the following individuals MUST be licensed as an agent? - A person who places insurance on behalf of anyone seeking insurance. 
 
Which of the following statements regarding a nonresident insurance agent is CORRECT? - The agent must hold a similar license in their state of residence 
 
Stat...
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Add to cartWhich of the following individuals MUST be licensed as an agent? - A person who places insurance on behalf of anyone seeking insurance. 
 
Which of the following statements regarding a nonresident insurance agent is CORRECT? - The agent must hold a similar license in their state of residence 
 
Stat...
Insurable Interest - - An interest must exist between two parties where one party has the potential to suffer a loss in the event that a particular outcome occurs (which was covered by the insurance policy). 
 
- Insurance cannot be purchased on strangers, friends, associates of no financial signifi...
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Add to cartInsurable Interest - - An interest must exist between two parties where one party has the potential to suffer a loss in the event that a particular outcome occurs (which was covered by the insurance policy). 
 
- Insurance cannot be purchased on strangers, friends, associates of no financial signifi...
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