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Duties of the Officer of Insurance Regulation: - ANSWER- Approve policy forms Approve policy rules Approve qualifications of insurance companies An alternate method of insuring where a single amount is applied to two or more coverage items and the full amount is available to apply to any item is called: - ANSWER- Blanket When the insurer agrees to pay on behalf of the insured all the sums the insured is legally obligated to pay is called: - ANSWER- Third party claim The failure to exerci...

Admitted Aircraft Liability Coverage - ANSWER- A coverage sometimes written in conjunction with Aircraft Passenger Liability which can provide reimbursement for death or dismemberment without requiring legal action. Appraisal Clause - ANSWER- Clause which provides an appraisal procedure when the insured and the insurer are in disagreement regarding the amount of a loss. Insured and insurer each choose an appraiser, who, failing to agree, select an umpire. Agreement of any two of the three ...

Types Of Property Policies - % Property Insurance Terms And Related Concepts - % Property Policy Provisions And Contract Law - % Types Of Casualty Policies, Bonds, And Related Terms - % Casualty Insurance Terms And Related Concepts - % Casualty Policy Provisions - % Florida Statutes, Rules, And Regulations Common To All Lines - % Florida Statutes, Rules And Regulations Pertinent To General Lines Insurance - % Florida Statutes, Rules And Regulations Pertinent To Health Insurance - % - ANS...

True or False? An applicant for the 2-20 General Lines Agent License can seek the license for the purpose of writing "controlled business". - ANSWER- False An applicant must not be seeking to obtain the 2-20 General Lines Agent License for the purpose of writing "controlled business"; this is specifically excluded. An applicant for the 2-20 General Lines Agent License must show that the application is at least ____ years of age. - ANSWER- 18 An applicant for the 2-20 General Lines Agen...

An insured is sued under a CGL policy. The legal costs are $25,000, prejudgment interest is $9,000 and the judgment against the insured is $300,000. The insured has a $300,0000 CGL occurrence limit on the policy. How much will the insurer pay? ANS- $334,000 What is the order for claim payments if all of the following applied: Medical Payment, Workers' Compensation, Personal Injury Protection? ANS- WC, PIP, MP All of the following are penalties under the Florida No-Fault Law: ANS- Drivers L...

The following are basic characteristics of a property or liability insurance contract, EXCEPT: A. Personal Contract B. Conditional Contract C. Loss Settlement Contract D. Contract of Adhesion - ANSWER- C. Loss Settlement Contract The Insurers responsibility to pay for a property loss may be conditioned on the insured having used reasonable means to avoid the loss, to protect the property against further loss, and to give the insurer proof of the loss is defined as? A. Conditional Contra...

Accumulation units are converted into annuity units: at the time of annuity payout. A group life insurance plan in which the employer pays the entire premium is known as a ________________ plan. noncontributory If a disabled worker covered under Social Security disability benefits recovers and then is disabled again within five years, a new waiting period is required before benefits begin again. FALSE Robert had an accident and qualified for Social Security disability. Given the waiting ...

In the insurance business, risk can best be defined as: A. sharing the possibility of a loss B. uncertainty regarding the future C. uncertainty regarding financial loss D. uncertainty regarding when death will occur - ANSWER C. The concept of insurance developed from the need to minimize the adverse effects of risk associated with the probability of financial loss. Which of the following risks is insurable? A. pure risks B. gambling C. speculative risks D. investing - ANSWER A. Only p...

What is the cause of chalking in epoxy coating - Correct answer-UV or radiation exposure What is polymerization cured coating? - Correct answer-Two parts mixed together just prior to use Examples of non-convertible coatings - Correct answer-1. Chlorinated rubber 2. Vinyl 3. Acrylic 4. Bituminous Non-convertible curing def. - Correct answer-No chemical change during cure cycle Convertible curing def. - Correct answer-Some chemical change during cure cycle What info should be included when...

A nurse is caring for a 12-month-old toddler who is hospitalized and confined to a room with contact precautions in place. Which of the following toys should the nurse recommend in order to meet the developmental needs of the client? a. Large building blocks d. Hanging crib toys c. Modeling clay d. Crayons and a coloring book a A nurse is providing discharge instructions to the parent of a 10-year-old child following a cardiac catheterization. Which of the following instructions should ...