Exams / Florida General Lines (Property and Casualty) Insurance License / Fla. Stat. §631.902
Fla. Stat. §631.902 — what it says, and how the exam tests it
This section is cited by 2 of our practice questions and is tested on the Florida General Lines (Property and Casualty) Insurance License.
The text
631.902 Purposes. — The purposes of this part are to: (1) Create a not-for-profit Florida Workers’ Compensation Insurance Guaranty Association, Incorporated, to provide a mechanism for the payment of covered claims under chapter 440 to avoid excessive delay in payment and to avoid financial loss to claimants because of the insolvency of a member insurer. (2) Assist in the detection and prevention of insurer insolvencies. (3) Allocate the cost of such protection among the insurers. (4) Provide for the prompt payment by the corporation of workers’ compensation claims incurred by insolvent insurers.
Public record. Read the full, current section at the official source: www.leg.state.fl.us
How it comes up on the exam
Practice questions written from this section — answers and explanations are in the drill.
- Under Fla. Stat. §631.902, which of the following is a stated purpose of the Florida Workers' Compensation Insurance Guaranty Association Act?
drill Florida Statutes, Rules and Regulations Pertinent to General Lines Insurance → - Under Fla. Stat. §631.902, one purpose of the Florida Workers' Compensation Insurance Guaranty Association is to provide a mechanism to avoid which of the following?
drill Florida Statutes, Rules and Regulations Pertinent to General Lines Insurance →