Which of the following insurers is not engaging in an unfair claims settlement practice?

Which of the following is considered an unfair claims settlement practice in Florida?

Florida law defines the following acts as unfair claim settlement practices: 1. Attempting to settle claims on the basis of an application, when serving as a binder or intended to become a part of the policy, or any other material document which was altered without notice to, or knowledge or consent of, the insured. 2.

Which of the following is not a responsibility of the insurance agent?

Insurance agents do not have an independent duty to identify their clients' needs and to advise them regarding whether they may be underinsured because it is the client's responsibility or duty—not the insurance agent's—to determine the amount of coverage needed and advise the agent of those needs.

Which type of insurance is sometimes referred to as a non participating company?

A stock company is referred to as a nonparticipating company because policyholders do not participate in dividends resulting from stock ownership.

Which of the following does not apply to the Florida replacement rule?

Mutual company is owned by its policyholders. Which of the following situations does NOT apply to the Florida Replacement Rule? Florida's Replacement Rule applies to all of these situations EXCEPT "An existing policyholder purchases an additional policy from the same insurer".