Florida 4-40 test Questions And Answers

Florida 4-40 test Questions And Answers
Question 1: Transferring the risk to an insurance company is
known as what?
CORRECT ANSWER: Insurance
Question 2: When the insured request to have the company
change a condition or provision in an insurance policy the
document attach to the policy is referred to as what?
CORRECT ANSWER: Endorsement
Question 3: George and Sandy only home which was
damaged by fire who has insurable interest
CORRECT ANSWER: George and Sandy
Question 4: What is the most common loss settlement
valuation in the property policies?
CORRECT ANSWER: Actual cash value
Question 5: The insurance company pays the insured for
damages that should have been collected from the app fault 

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