214 Florida Insurance Exam 2023

214 FLORIDA INSURANCE EXAM 2023-2024 EXAM QUESTIONS AND ANSWERS -Insurable interest exists between all of the following EXCEPT: ANSWER Friends - The insurance company evaluates the individuals within a group instead of the group as a whole, and then measures the individual's risks against its underwriting standards. - ANSWER-In regards to group insurance, which statement below is INCORRECT? Central Medical Bureau (CMB) - ANSWER-All of the following are sources for obtaining information regarding an applicant's insurability EXCEPT: An insurer is required to disclose medical information to an applicant in the event the applicant is rejected due to findings in the report. - ANSWER- Which of the following is NOT required by the Fair Credit Reporting Act of 1970? 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? - ANSWER-Errors and Omissions Insurance Which of the following terms is known as the voluntary relinquishment of a given right or privilege? - ANSWER-Waiver The policy no longer meets the needs of the client - ANSWER-Which of the following reasons would justify a policy replacement?Usually 2 years, but in some states