Tiffany has an insurance policy through ABC Insurance. Tiffany notified her carrier that she was moving from New Jersey to Florida and would like her policy to reflect this change. ABC was not licensed to write business in Florida and informed Tiffany that it would need to cancel her policy. What method would ABC use to cancel Tiffany's policy and return any unearned premium?

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The topics covered on the Property & Casualty Insurance Exam depend on the specific state board in the United States. Below are some probable categories for this exam. Types of Policies, which includes limited-pay, single-premium life, and ordinary whole life. Parts of a Policy, which includes declarations, agreements, conditions, and exclusions. Policy Riders and Provisions, which includes waiver of premium, accidental death dismemberment, insurance clause, owner’s rights, and payor benefits. Completing the Application, which includes underwriting, warranties, replacement, insurable... Show more

Tiffany has an insurance policy through ABC Insurance.  Tiffany notified her carrier that she was moving from New Jersey to Florida and would like her policy to reflect this change.  ABC was not licensed to write business in Florida and informed Tiffany that it would need to cancel her policy.  What method would ABC use to cancel Tiffany's policy and return any unearned premium?






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