Florida 240 - Study guides, Class notes & Summaries

Florida 240 Practice Exam Questions and Answers 2024

A medical expense policy that establishes the amount of benefit paid based upon the prevailing charges which fall within the standard range of fees normally charged for a specific procedure by a doctor of similar training and experience in that geographic area is known as - Usual, customary and reasonable What provision would prevent an insurance company from paying a reimbursement claim to someone other than the policyowner? - Payment of Claims All of the following are true about group di...

Florida 240 License Study Guide | 100% Correct Answers | Verified | Latest 2024 Version The stated amount or percent of liquid assets that an insurer must have on hand that will satisfy future obligations to its policyholders is called: - Reserves An insurance applicant MUST be informed of an investigation regarding his/her reputation and character according to the: - Fair Credit Reporting Act A nonprofit incorporated society that does not have capital stock and operates for the sole b...

Florida 240 License Exam/Answered/A+ Rated The stated amount or percent of liquid assets that an insurer must have on hand that will satisfy future obligations to its policyholders is called: Reserves An insurance applicant MUST be informed of an investigation regarding his/her reputation and character according to the: Fair Credit Reporting Act A nonprofit incorporated society that does not have capital stock and operates for the sole benefit of its members is known as: A fraternal ...

Florida 240 Practice Exam Questions and Answers Verified 100% Correct!!

Florida 240 Practice Exam Questions and Answers (Rated A+)

Florida 240 Practice Exam Questions and Answers (Rated A+)

A medical expense policy that establishes the amount of benefit paid based upon the prevailing charges which fall within the standard range of fees normally charged for a specific procedure by a doctor of similar training and experience in that geographic area is known as - Usual, customary and reasonable What provision would prevent an insurance company from paying a reimbursement claim to someone other than the policyowner? - Payment of Claims All of the following are true about group di...

Florida 240 Practice Exam/ Questions and Answers/ .

Rules of Construction Help to identify and establish the intent of the parties to the contract Utmost good faith Each party is entitled to rely on the representation of the other, and each party should have a reasonable expectation that the other is acting in good faith without attempts to conceal or deceive. Aleatory Contract A contract under which one party's performance is contingent on an uncertain event. property and casualty agent has the power to bind the insurer...