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FLORIDA 240 LICENSE EXAM WITH ACTUAL EXAM QUESTIONS AND COMPLETE 100% CORRECT VERIFIED ANSWERS WITH VERIFIED WELL EXPLAINED RATIONALES GRADED A+ BY EXPERTS LATEST UPDATE 2024 ALREADY PASSED!!!!!! WITH 100% GUARANTEED PASS AND SUCCESS ( ALL YOU NEED TO E$13.49
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FLORIDA 240 LICENSE EXAM WITH ACTUAL EXAM QUESTIONS AND COMPLETE 100% CORRECT VERIFIED ANSWERS WITH VERIFIED WELL EXPLAINED RATIONALES GRADED A+ BY EXPERTS LATEST UPDATE 2024 ALREADY PASSED!!!!!! WITH 100% GUARANTEED PASS AND SUCCESS ( ALL YOU NEED TO E
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FLORIDA 240
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FLORIDA 240
FLORIDA 240 LICENSE EXAM WITH ACTUAL EXAM QUESTIONS AND COMPLETE 100% CORRECT VERIFIED ANSWERS WITH VERIFIED WELL EXPLAINED RATIONALES GRADED A+ BY EXPERTS LATEST UPDATE 2024 ALREADY PASSED!!!!!! WITH 100% GUARANTEED PASS AND SUCCESS ( ALL YOU NEED TO EXCEL IN YOUR EXAMS)
What is the considera...
FLORIDA 240 LICENSE EXAM
WITH ACTUAL EXAM
QUESTIONS AND COMPLETE
100% CORRECT VERIFIED
ANSWERS WITH VERIFIED
WELL EXPLAINED RATIONALES
GRADED A+ BY EXPERTS
LATEST UPDATE 2024
ALREADY PASSED!!!!!! WITH
100% GUARANTEED PASS AND
SUCCESS ( ALL YOU NEED TO
EXCEL IN YOUR EXAMS)
,
, Who makes the legally enforceable promises in a unilateral contract? Insurance company
A policy of adhesion can only be modified by whom? insurance company
When third-party ownership is involved, applicants who also happen to be the stated primary
beneficiary are required to have: insurable interest in the proposed insured
Which of these is considered a statement that is assured to be true in every aspect? Warranty
Which of these require an offer, acceptance, and consideration? contract
If a contract of adhesion contains complicated language, to whom would the interpretation be in favor
of? insured
Insurance contracts are known as _____ because certain future conditions or acts must occur before any
claims can be paid. conditional
Insurance policies are offered on a "take it or leave it" basis, which make them: Contracts of Adhesion
In regards to representations or warranties, which of these statements is TRUE? If material to the risk,
false representations will void a policy
Which of these arrangements allows one to bypass insurable interest laws? Investor-Originated Life
Insurance
In an insurance contract, the insurer is the only party who makes a legally enforceable promise. What
kind of contract is this? unilateral
Which of these is NOT a type of agent authority? principal
E and F are business partners. Each takes out a $500,000 life insurance policy on the other, naming
himself as primary beneficiary. E and F eventually terminate their business, and four months later E dies.
Although E was married with three children at the time of death, the primary beneficiary is still F.
However, an insurable interest no longer exists. Where will the proceeds from E's life insurance policy
be directed to? In this situation, the proceeds from E's life insurance policy will go to F.
When must insurable interest exist for a life insurance contract to be valid? Inception of the
contract
Life and health insurance policies are: unilateral contracts
A policy of adhesion can only be modified by whom? insurance company
At what point does an informal contract become binding? When one party makes an offer and the
other party accepts that offer
What is the consideration given by an insurer in the Consideration clause of a life policy? Promise to pay
a death benefit
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