CLAIMS ADJUSTER'S EXAM (FL) EXAM
QUESTIONS AND CORRECT DETAILED
ANSWERS ALREADY GRADED A
-$ 10,000
*$ 20,000*
-$ 30,000
-$40,000 - correct answer - An insured has A
SPLIT limit liability policy with 10/20/10 limits. He
owes the following people liability bodily injuries
claims of: Passenger 1 = $12,000, Passenger 2 =
$10,000, Passenger 3 = $18,000. How much
liability insurance will his policy pay for these
claims?
-10 Days
-30 Days
-45 Days
*60 Days* - correct answer - Under the
commercial property form, what length of time
must expire before a building is considered
"vacant", thus suspending some coverage's, while
reducing payment on others?
,-A person who rents an apartment
-A condominium owner
-Owner-occupant of a four-family dwelling
*A beach house owned by Acme Corporation* -
correct answer - All of the following are eligible for
a Homeowners Policy EXCEPT:
-Aggregate Limit
-Split Limit
-Single Limit
*All of the above* - correct answer - Liability
limits may be expressed as a:
-An insured's suitcase and clothing, valued at
$1,500, stolen from his motel room while at a
convention.
-A fire breaks out in the residence and an
overnight guest loses his clothes in the fire.
-The insured's daughter's golf clubs are stolen
from her locker at high school.
*The dead fish when the insured accidentally
overturns his tropical fish tank and all the fish die
, from lack of oxygen.* - correct answer - Which of
the following is NOT covered under the HO -
Coverage C, Personal Property?
-applies to school systems.
-must have failure to use "due care."
-considers the actions of a prudent person.
*is assigned by law or statute* - correct answer -
Strict or absolute liability:
-Barratry
*Jettison*
-Sue and labor
-Running down clause - correct answer - A ship
loaded with lumber encountered a terrible storm,
and some of the lumber was thrown overboard to
save the ship - this action is called:
-Division of Interests
*Severability*
-Specific Insurance
QUESTIONS AND CORRECT DETAILED
ANSWERS ALREADY GRADED A
-$ 10,000
*$ 20,000*
-$ 30,000
-$40,000 - correct answer - An insured has A
SPLIT limit liability policy with 10/20/10 limits. He
owes the following people liability bodily injuries
claims of: Passenger 1 = $12,000, Passenger 2 =
$10,000, Passenger 3 = $18,000. How much
liability insurance will his policy pay for these
claims?
-10 Days
-30 Days
-45 Days
*60 Days* - correct answer - Under the
commercial property form, what length of time
must expire before a building is considered
"vacant", thus suspending some coverage's, while
reducing payment on others?
,-A person who rents an apartment
-A condominium owner
-Owner-occupant of a four-family dwelling
*A beach house owned by Acme Corporation* -
correct answer - All of the following are eligible for
a Homeowners Policy EXCEPT:
-Aggregate Limit
-Split Limit
-Single Limit
*All of the above* - correct answer - Liability
limits may be expressed as a:
-An insured's suitcase and clothing, valued at
$1,500, stolen from his motel room while at a
convention.
-A fire breaks out in the residence and an
overnight guest loses his clothes in the fire.
-The insured's daughter's golf clubs are stolen
from her locker at high school.
*The dead fish when the insured accidentally
overturns his tropical fish tank and all the fish die
, from lack of oxygen.* - correct answer - Which of
the following is NOT covered under the HO -
Coverage C, Personal Property?
-applies to school systems.
-must have failure to use "due care."
-considers the actions of a prudent person.
*is assigned by law or statute* - correct answer -
Strict or absolute liability:
-Barratry
*Jettison*
-Sue and labor
-Running down clause - correct answer - A ship
loaded with lumber encountered a terrible storm,
and some of the lumber was thrown overboard to
save the ship - this action is called:
-Division of Interests
*Severability*
-Specific Insurance
