Exam (elaborations)
ACA Final Exam 2024/2025 already graded A+
- Course
- Institution
ACA Final Exam 2024/2025 already graded A+
[Show more]
Content preview
ACA Final ExamAt the end of this course, you must do which of the following?
Pass the final course exam with a scored of 70% or higher
Print your certificate from this website
Apply for your Insurance Adjuster license at the Florida Department of Financial Services
website at www.myfloridacfo.com/division/agents
All of the above - ANSAll of the above
Which of the following is NOT one of the duties of the Department of Financial Services?
License adjusters
Set rates and write policies for various company products
Supervise the claims activity of adjusters
Investigate charges of unethical conduct of adjusters - ANSSet rates and write policies for
various company products
When an insurance licensee moves, he has how long to notify the Florida Dept. of Financial
Services of his change of address?
10 Days
30 Days
60 Days
180 Days - ANS30
An Insurance Policy is a contract with all of the following characteristics, EXCEPT
It is a personal contract.
Parties are of unequal power with ambiguities or unclear wording resolved in favor of the
insured because it is a contract of adhesion.
Indemnity is not part of an insurance contract.
There are conditions imposed upon both the insurer and insured. - ANSIndemnity is not part of
an insurance contract.
An insurance contract may contain a "gray area" or an ambiguity, that is generally resolved in
favor of the insured because insurance policies are contracts of:
Indemnity
, Cohesion
Adhesion
Conditions - ANSadhesion
Strict or Absolute Liability
applies to school systems.
must have failure to use "due care.
"considers the actions of a prudent person.
is assigned by law or statute. - ANSis assigned by law or statute.
Risks that are insurable are:
Speculative risk
Pure risk
Both A & B
None of the above - ANSPure Risk
The goal of insurance is to restore the insured to the same economic position as before the
covered loss occurred, this is the principle of:
Adhesion
Actual Cash Value
Indemnity
Severability - ANSIndemnity
Firemen caused water damage to a property by spraying water to put out a fire. If the property
insurance policy listed "fire" as the only named peril:
The water damage is not a covered peril.
The fire dept. has liability for the water damage.
The water damage is covered due to the concept of proximate cause.
The Fire damage is covered but not the water damage due to proximate cause. - ANSThe water
damage is covered due to the concept of proximate cause.
XYZ Insurance Corp. filed its corporate charter in Tallahassee and has its home office in Tampa:
In Florida, XYZ is a domestic insurer.
In Florida, XYZ is a foreign insurer.
In Florida, XYZ is an alien insurer.
None of the above is true. - ANSIn Florida, XYZ is a domestic insurer.
All of the following may qualify for a dwelling policy EXCEPT:
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Ashley96. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
79223 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now