Florida Insurance 20-44 Exam Study Guide

Florida Insurance 20-44 Exam Study Guide
Question 1: ________________ is a contract whereby one
undertakes to indemnify another or pay or allow a specified
amount or a determinable benefit upon determinable
contingencies.
CORRECT ANSWER: insurance
Question 2: ______________ insurance is insurance which
pays on behalf of the insured's legal liability.
CORRECT ANSWER: casualty
Question 3: The ______________ provision broadens an
insured's coverage without an increase in premium when the
insurer has adopted a generic global policy revision.
CORRECT ANSWER: liberalization
Question 4: "________________ of Interest" means insurance
applies separately to each insured.
CORRECT ANSWER: severability

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