WebCE FL Insurance License Exam | Questions with 100%
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Terms in this set (227)
BBX Insurers terminated Henrys appointment as its 48 months
adjuster on Dec 1. How many months does Henry
remain eligible to be appointed as an adjuster by
another insurer?
which of the following is a requirement to operate as an a license or registration from the state
insurence agent in FL
when considering depreciation in adjusting claims, physical deterioration, functional obsolecense, future life expentancy
consider all 3 of these
insurers must keep records of their insurance five years
transactions for how many years after the transaction
was complete
when a paino was damaged by vandals who broke into actual cash value, (replacement of property minus physical depreciation)
a house, the insurance company subtracted 200$ for
depreciation. on what grounds did the insurer value this
loss
ad adjusters license can be suspended for violating ethics, selling unregistered securities, demostrating untrustworthiness
a claims adjuster is required to maintain a compelte and record activites that happened during adjustment, allow others to service the
accurate claim file for all of these reasons claim, facilate examination by insurance regulators
contract where only one party is required to make an unilateral contract
enforceable promise
, contract that occurs when a promise is made in return bilateral contract
for a promise by other party
contract in which both parties must perform certain conditional contract
duties and follow rules of conduct to make the contract
enforceable.
a contract where the values exchanged may not be aleatory contract
equal but depend on an uncertain event
when settling a property claim the insured can offer payment of value of property, reparation of damaged property, replacement of
what choices damaged property
alcoholism and drug abuse are examples of what type moral
of hazard
personal habits that increase the chance of loss moral hazard
a company hires students to deliver groceries and a vicarious liability
student accidentally runs over a customers dog in their
driveway. what term describes the companys legal
responsiblity for the employee
liability when one party is legally responsible for the vicarous liability
actions of another party
The legal responsibility for damage or injury even if you strict liability
are not negligent
failure to exercise care. there is a duty of care to make untentional negligence
prudent decisions (type of negligence)
parties own negligence contributed to injuries contributory negligence
when insured property is damaged, what must the arrange for its repair or disposal
insured do with it
ad adjuster typically claims their claim investigation in 15 days
how many days
what is the purpose of other insurance clause in explains how an insurer will handle a claim in which more than one policy
property or casualty insurance covers the same loss
an insurance policy may involve the exchange of aleatory contracts
unequal amounts, like when an insured gets a large
claim after paying jsut one premium, because insured
policies are what type of contracts
Correct Answers | Verified | Latest Update 2026
Leave the first rating
Save
Students also studied
Flashcard sets Study guides
Life and Health Insurance Exam Que... Healthcare Insurance Types and AC... Business Auto and Garage Policies: ... NJ
Teacher 536 terms Teacher 22 terms Teacher 43 terms Te
movinecloud Preview emmyfernando95 Preview ABDIMANAN_JAMAL1 Preview
Terms in this set (227)
BBX Insurers terminated Henrys appointment as its 48 months
adjuster on Dec 1. How many months does Henry
remain eligible to be appointed as an adjuster by
another insurer?
which of the following is a requirement to operate as an a license or registration from the state
insurence agent in FL
when considering depreciation in adjusting claims, physical deterioration, functional obsolecense, future life expentancy
consider all 3 of these
insurers must keep records of their insurance five years
transactions for how many years after the transaction
was complete
when a paino was damaged by vandals who broke into actual cash value, (replacement of property minus physical depreciation)
a house, the insurance company subtracted 200$ for
depreciation. on what grounds did the insurer value this
loss
ad adjusters license can be suspended for violating ethics, selling unregistered securities, demostrating untrustworthiness
a claims adjuster is required to maintain a compelte and record activites that happened during adjustment, allow others to service the
accurate claim file for all of these reasons claim, facilate examination by insurance regulators
contract where only one party is required to make an unilateral contract
enforceable promise
, contract that occurs when a promise is made in return bilateral contract
for a promise by other party
contract in which both parties must perform certain conditional contract
duties and follow rules of conduct to make the contract
enforceable.
a contract where the values exchanged may not be aleatory contract
equal but depend on an uncertain event
when settling a property claim the insured can offer payment of value of property, reparation of damaged property, replacement of
what choices damaged property
alcoholism and drug abuse are examples of what type moral
of hazard
personal habits that increase the chance of loss moral hazard
a company hires students to deliver groceries and a vicarious liability
student accidentally runs over a customers dog in their
driveway. what term describes the companys legal
responsiblity for the employee
liability when one party is legally responsible for the vicarous liability
actions of another party
The legal responsibility for damage or injury even if you strict liability
are not negligent
failure to exercise care. there is a duty of care to make untentional negligence
prudent decisions (type of negligence)
parties own negligence contributed to injuries contributory negligence
when insured property is damaged, what must the arrange for its repair or disposal
insured do with it
ad adjuster typically claims their claim investigation in 15 days
how many days
what is the purpose of other insurance clause in explains how an insurer will handle a claim in which more than one policy
property or casualty insurance covers the same loss
an insurance policy may involve the exchange of aleatory contracts
unequal amounts, like when an insured gets a large
claim after paying jsut one premium, because insured
policies are what type of contracts
