Florida Health Insurance Study Guide
1. Help to identify and establish the intent of the parties to the contract
Answer: Rulesof Construction
2. Each party is entitled to rely on the representation of the other, and each party should have
a reasonable expectation that the other is acting in good faith without attempts to conceal or
deceive.
Answer: Utmost good faith
3. A contract under which one party's performance is contingent on an uncertain event.
Answer: Aleatory Contract
4. has the power to bind the insurer
Answer: property and casualty agent
5. Insurance company drafts contract and the insured adheres to it. Anyambiguity resolved in
favor of the insured.
Answer: Adhesion Contract
6. Insured has completed paying the premium, only one party of the contract is legally
required to do something. Insured promises to pay the death benefitin the event of loss. Can not
be held for breach of contract.
Answer: Unilateral contract
7. This type of contract is conditional because the company only pays oncondition of a loss.
Answer: Conditional contract
8. The contract is between the insured and the insurer
Answer: Personal Contract
9. guarantee; assurance by seller. Any breach provides grounds for voidingthe contract.
Answer: warranty
10. a statement believed to be true to the best of one's knowledge.
Answer: representation
11. When an uninsurable individual applying for insurance may ask another person to
substitute for him to take the physical examination.
Answer: false pretenses
12. A false statement orlie that can render the contract void.
Answer: Misrepresentation