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A Community Association is generally defined as real or personal property, owned by two or more entities, which share the responsibility for the costs of maintenance and administration - True Purchasers of a timeshare plan have a ten day contract rescission period in which to cancel the purchase ...

The Florida Surplus Service Lines Office (FSLSO) was created to - oversee the surplus lines industry in the state Which of the following is NOT a required qualification for a General Lines Agent: - Seeking the license only to write controlled business The Department of Financial Services perform...

A medical expense policy that establishes the amount of benefit paid based upon the prevailing charges which fall within the standard range of fees normally charged for a specific procedure by a doctor of similar training and experience in that geographic area is known as - Usual, customary and r...

Joint Ventures - is a temporary form of business arrangement often encountered in real estate business. Trade Names - is a business name other than the legal name of the person doing business. The letters T/A are used to indicate "trading as." Chapter 120, F.S. - Administrative Procedures Act ...

The typical electrical service for homes in North America is a_____? - 120240 Volt The 240 Volt circuit is used for? - Appliances The return conductor (a.k.a. the neutral) is at ___ volts because it is grounded to the electric panel - Zero Most 120 Volt circuits are wired to deliver ___ or ___...

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? - Errors and Omissions Insurance Which of the following terms is known as the voluntary relinquishment of a given right or privilege? - ...

The clause identifying which losses resulting from an accident or sickness are insured by the policy is called the: - Insuring clause K applies for a life insurance policy on herself and submits the initial premium with the application. She is given a receipt by the agent stating that coverage be...

Who may appoint a Customer Representative? Select one: A. A surplus lines agent holding a general lines license and a surplus lines license B. A general lines agent or a general lines insurance agency C. An adjuster D. An insurance company - Answer B. A general lines agent or a general lines in...

Transferring the risk to an insurance company is known as what? - Insurance 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? - Endorsement George and Sandy only home which was damaged by f...

Owners that buy income properties as investments and depend on professionals to manage them - Absentee Owners a Value estimated based on resent sales of similar properties in the same neighborhood, not an appraisal - CMA -Comparative Market Analysis... A contractor is employed by an owner of lan...