Florida Claims Adjuster Exam |
206 Questions and Answer
Latest 2026/2027 Update!!!
Frank owned a home that was destroyed by a hurricane.
Both ABC and XYZ Banks were listed as additional
interests on his homeowner policy. The insurance
company will make a payment to:
A. The first mortgagee, ABC
B. The Insured
C. Jointly to ABC and XYZ
D. All listed interests
Correct Answer: D. All listed interests
Remember that the insurer is not responsible to know the
degrees of interest. In the event of a loss, one payment is
made by the insurer and it is up to the additional interests
on working out their share.
Insurance applies separately to each insured as if other
insureds did not exist. This is defined as:
A. Severability
B. Conditional
C. Warranty
D. None of the above
Correct Answer: A. Severability
Property insurance policies usually contain a(n)
__________ clause, stating the insured cannot dump
damaged property on the insurer and demand its full value:
A. Pro Rata
B. Abandonment
C. Liberalization
1
,D. All of the above
Correct Answer: B. Abandonment
A(n) __________ is one wherein economic loss would be
suffered from an adverse happening to the subject:
A. Conditional Contract
B. Personal Contract
C. Economic Contract
D. Insurable Interest
Correct Answer: D. Insurable Interest
States that if the insurer adopts a revision which would
broaden coverage without additional premium within some
period of time prior to the policy period or during the policy
period, the insured receives the benefit of such broadened
coverage.
A. Cancellation Clause
B. Policy Period
C. Pro Rata
D. Liberalization
Correct Answer: D. Liberalization
The time frame is typically 60 days.
The __________ states that when there is an unbroken
connection between an occurrence and damage that
grows out of the occurrence, then the resultant damage is
all a part of the occurrence.
A. Doctrine of Proximate Cause
B. Doctrine of Perils & Hazards
C. Insurance Policy Handbook
D. Doctrine of Property Insurance
Correct Answer: A. Doctrine of Proximate Cause
For example, if a property insurance policy covers the peril
of fire but further damage is caused by smoke, water used
to extinguish, and the process of moving property away -
fire is considered to be the proximate cause of all of the
damage.
2
, The Loss Settlement Valuation that subtracts an
allowance for depreciation is defined as?
A. Actual Cash Value
B. Replacement Cost
C. "Old for New"
D. None of the Above
Correct Answer: A. Actual Cash Value
A policy condition, either based on information in the
insured's application or inserted by the insurer, is defined
as:
A. Warranty
B. Misrepresentation
C. Concealment
D. None of the Above
Correct Answer: A. Warranty
The following are basic characteristics of a property or
liability insurance contract, except:
A. Personal Contract
B. Conditional Contract
C. Loss of Settlement Contract
D. Contract of Adhesion
Correct Answer: C. Loss of Settlement Contract
The Insurer's responsibility to pay for a property loss may
be conditioned on the insured having used reasonable
means to avoid the loss, to protect the property against
further loss, and to give the insurer proof of the loss is
defined as?
A. Conditional Contract
B. Adhesion Contract
C. Indemnity Contract
D. All of the Above
Correct Answer: A. Conditional Contract
"may be conditioned"
3
206 Questions and Answer
Latest 2026/2027 Update!!!
Frank owned a home that was destroyed by a hurricane.
Both ABC and XYZ Banks were listed as additional
interests on his homeowner policy. The insurance
company will make a payment to:
A. The first mortgagee, ABC
B. The Insured
C. Jointly to ABC and XYZ
D. All listed interests
Correct Answer: D. All listed interests
Remember that the insurer is not responsible to know the
degrees of interest. In the event of a loss, one payment is
made by the insurer and it is up to the additional interests
on working out their share.
Insurance applies separately to each insured as if other
insureds did not exist. This is defined as:
A. Severability
B. Conditional
C. Warranty
D. None of the above
Correct Answer: A. Severability
Property insurance policies usually contain a(n)
__________ clause, stating the insured cannot dump
damaged property on the insurer and demand its full value:
A. Pro Rata
B. Abandonment
C. Liberalization
1
,D. All of the above
Correct Answer: B. Abandonment
A(n) __________ is one wherein economic loss would be
suffered from an adverse happening to the subject:
A. Conditional Contract
B. Personal Contract
C. Economic Contract
D. Insurable Interest
Correct Answer: D. Insurable Interest
States that if the insurer adopts a revision which would
broaden coverage without additional premium within some
period of time prior to the policy period or during the policy
period, the insured receives the benefit of such broadened
coverage.
A. Cancellation Clause
B. Policy Period
C. Pro Rata
D. Liberalization
Correct Answer: D. Liberalization
The time frame is typically 60 days.
The __________ states that when there is an unbroken
connection between an occurrence and damage that
grows out of the occurrence, then the resultant damage is
all a part of the occurrence.
A. Doctrine of Proximate Cause
B. Doctrine of Perils & Hazards
C. Insurance Policy Handbook
D. Doctrine of Property Insurance
Correct Answer: A. Doctrine of Proximate Cause
For example, if a property insurance policy covers the peril
of fire but further damage is caused by smoke, water used
to extinguish, and the process of moving property away -
fire is considered to be the proximate cause of all of the
damage.
2
, The Loss Settlement Valuation that subtracts an
allowance for depreciation is defined as?
A. Actual Cash Value
B. Replacement Cost
C. "Old for New"
D. None of the Above
Correct Answer: A. Actual Cash Value
A policy condition, either based on information in the
insured's application or inserted by the insurer, is defined
as:
A. Warranty
B. Misrepresentation
C. Concealment
D. None of the Above
Correct Answer: A. Warranty
The following are basic characteristics of a property or
liability insurance contract, except:
A. Personal Contract
B. Conditional Contract
C. Loss of Settlement Contract
D. Contract of Adhesion
Correct Answer: C. Loss of Settlement Contract
The Insurer's responsibility to pay for a property loss may
be conditioned on the insured having used reasonable
means to avoid the loss, to protect the property against
further loss, and to give the insurer proof of the loss is
defined as?
A. Conditional Contract
B. Adhesion Contract
C. Indemnity Contract
D. All of the Above
Correct Answer: A. Conditional Contract
"may be conditioned"
3
