214 florida insurance - Study guides, Class notes & Summaries

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? - Waiver This Supreme Court case placed the regulation of insurance within the authority of the federal government by defining insurance as a form of interstate commerce? - United States v. Southeastern...

214 FLORIDA INSURANCE 2024 UPDATE COMPLETE QUESTIONS AND CORRECT VERIFIED ANSWERS [GRADE A+]

This type of insurance pays when an insured has died to offset the economic loss to dependents. A) life B) health C) annuity D) property and casualty - Life Insurance An insurance _________ is the device used by insurance companies to accumulate funds to meet uncertain losses. - Policy Insurance companies aggregate (collect) premiums to make claims payments - the aggregating of premiums to pay claims is called _____ ___________. - Risk Pooling The more _______ units an insurance company h...

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? - Waiver This Supreme Court case placed the regulation of insurance within the authority of the federal government by defining insurance as a form of interstate commerce? - United States v. Southeastern...

Life Insurance - This type of insurance pays when an insured has died to offset the economic loss to dependents. A) life B) health C) annuity D) property and casualty Policy - An insurance _________ is the device used by insurance companies to accumulate funds to meet uncertain losses. Risk Pooling - Insurance companies aggregate (collect) premiums to make claims payments - the aggregating of premiums to pay claims is called _____ ___________. Exposure Units - The more _______ units an in...

214 FLORIDA INSURANCE QUESTIONS AND ANSWERS

214 Florida Insurance Questions and Answers Already Graded A 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? Waiver This Supreme Court case placed the regulation of insurance within the authority of the federal government by defining insurance as a fo...

214 FLORIDA INSURANCE COMPLETE RETAKE EXAM STUDY SET 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? - CORRECT ANSWER-Errors and Omissions Insurance Which of the following terms is known as the voluntary relinquishment of a given right or privilege? - CORRECT ANSWER-Waiver This Supreme Court case placed the regulation of insurance within the authority of the federal gove...

214 Florida Insurance Exam Study Guide | 100% Correct Answers | Verified | Latest 2024 Version

214 FLORIDA INSURANCE 2024 NEWEST EXAM 2 VERSIONS (VERSION A AND B) ACTUAL 350 EXAM QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT) /ALREADY GRADED A+