FLORIDA 3-20 PUBLIC ADJUSTER STATE LICENSE
FINAL EXAM NEWEST ACTUAL EXAM COMPLETE 100
QUESTIONS AND CORRECT DETAILED ANSWERS
Those who are eligible for coverage under the Florida Automobile Joint
Underwriting Association are? - (answer)Military Personnel
A non-resident owning an automobile in Florida
A non-resident subject to Florida no-fault law
EducationBusiness education prepares students for leadership and management roles in various industries. It focuses on critical thinking, decision-making, problem-solving, and understanding organizational processes. A
typical business program might cover topics like accounting
A forcible entry into locked premises and the carrying away of the property of
others is a definition of: - (answer)Burglary
The inland marine coverage form that covers clothing, cameras and other
portable property worn and carried by tourists and travelers is a: -
(answer)Personal effects floater
A residual market to alleviate the temporary unavailability of property insurance
coverage in significant portions of Florida (e.g. homeowners face non-renewal or
cancellations) - (answer)Residential Property & Casualty Joint Underwriting
Association for property owners.
What does the property insurance term "improvements and betterment" apply
to? - (answer)Real Property
The penalty imposed upon a Florida licensee who violates a cease and desists
order issued by the CFO: - (answer)$50,000 Fine
, What is amount is personal property used for business purposes, under a
Homeowners policy covered up to - (answer)up to $2500 on premises
up to $1500 off premises
If a replacement costs exists, but the insured has a policy for only 50% of the
replacement cost, what percentage will the insured received for the loss? -
(answer)50% of the settlement amount
EducationBusiness education prepares students for leadership and management roles in various industries. It focuses on critical thinking, decision-making, problem-solving, and understanding organizational processes. A
typical business program might cover topics like accounting
A statement that is believed to be true when made, which my prove to be false. -
(answer)Representation
A statement that is guaranteed to be correct: - (answer)Warranty
When can an insured cancel his/her policy? - (answer)At any time.
In Florida, how many days in advance of a premium due date must an auto
insurer provide notice of renewal to an insured? - (answer)30 days written notice
What deductibles are subject to any aircraft physical damages that differ
according to circumstances surrounding a given loss? - (answer)In-flight Ded
(greatest amount)
Not-in-Motion (least amount)
They apply independently based on the actual loss
, Uninsured Motorist's Coverage form, the insured can request: - (answer)Non-
stacked Coverage
Stacked Coverage
UM coverage at the limits lower than those that apply for liability coverage
EducationBusiness education prepares students for leadership and management roles in various industries. It focuses on critical thinking, decision-making, problem-solving, and understanding organizational processes. A
typical business program might cover topics like accounting
If a mortgage is acknowledged in the policy and the insured concealed the fact
that a hazard exists to the insurance company, would the mortgage have a right
to recover its full loan value? - (answer)Yes
Under Florida Comparative Negligence law how much would one be able to
recover if they were found 25% at fault? - (answer)75% (the difference)
If a claimant is under the influence of drugs and/or alcohol and is found to be 50%
or more at fault, how much can they recover? - (answer)$0.00
A commercial property coverage part includes: - (answer)Common policy
conditions
Commercial property declarations
One or more causes of loss forms
When an insurance adjuster advises an insured to misrepresent the claim by
suggesting how to report a claim, the adjuster should be charged with: -
(answer)Unfair Claims Act
, The "outside premises" policy insuring agreement covers: - (answer)Loss of
money and securities and other property outside the premises.
The insurer cannot prevent a public adjuster from meeting with their client after:
- (answer)the insurer has been notified of the existence of a contract
EducationBusiness education prepares students for leadership and management roles in various industries. It focuses on critical thinking, decision-making, problem-solving, and understanding organizational processes. A
typical business program might cover topics like accounting
DP-1 is basic Dwelling Coverage. What is the only water damaged covered under
this form? - (answer)Damage caused by water used to extinguish a fire
In Florida, any policy that contains a separate hurricane deductible must include: -
(answer)the actual dollar value, bold print and notice of high-out-of pocket
expense to you
Coverages included under a commercial packaged policy (CPP): - (answer)Farm
Coverage
Commercial Crime Coverage
Commercial GL
Commercial Property
Commercial Auto
Commercial Inland Marine
Boiler and Machinery
Professional Liability
Employment Practices
FINAL EXAM NEWEST ACTUAL EXAM COMPLETE 100
QUESTIONS AND CORRECT DETAILED ANSWERS
Those who are eligible for coverage under the Florida Automobile Joint
Underwriting Association are? - (answer)Military Personnel
A non-resident owning an automobile in Florida
A non-resident subject to Florida no-fault law
EducationBusiness education prepares students for leadership and management roles in various industries. It focuses on critical thinking, decision-making, problem-solving, and understanding organizational processes. A
typical business program might cover topics like accounting
A forcible entry into locked premises and the carrying away of the property of
others is a definition of: - (answer)Burglary
The inland marine coverage form that covers clothing, cameras and other
portable property worn and carried by tourists and travelers is a: -
(answer)Personal effects floater
A residual market to alleviate the temporary unavailability of property insurance
coverage in significant portions of Florida (e.g. homeowners face non-renewal or
cancellations) - (answer)Residential Property & Casualty Joint Underwriting
Association for property owners.
What does the property insurance term "improvements and betterment" apply
to? - (answer)Real Property
The penalty imposed upon a Florida licensee who violates a cease and desists
order issued by the CFO: - (answer)$50,000 Fine
, What is amount is personal property used for business purposes, under a
Homeowners policy covered up to - (answer)up to $2500 on premises
up to $1500 off premises
If a replacement costs exists, but the insured has a policy for only 50% of the
replacement cost, what percentage will the insured received for the loss? -
(answer)50% of the settlement amount
EducationBusiness education prepares students for leadership and management roles in various industries. It focuses on critical thinking, decision-making, problem-solving, and understanding organizational processes. A
typical business program might cover topics like accounting
A statement that is believed to be true when made, which my prove to be false. -
(answer)Representation
A statement that is guaranteed to be correct: - (answer)Warranty
When can an insured cancel his/her policy? - (answer)At any time.
In Florida, how many days in advance of a premium due date must an auto
insurer provide notice of renewal to an insured? - (answer)30 days written notice
What deductibles are subject to any aircraft physical damages that differ
according to circumstances surrounding a given loss? - (answer)In-flight Ded
(greatest amount)
Not-in-Motion (least amount)
They apply independently based on the actual loss
, Uninsured Motorist's Coverage form, the insured can request: - (answer)Non-
stacked Coverage
Stacked Coverage
UM coverage at the limits lower than those that apply for liability coverage
EducationBusiness education prepares students for leadership and management roles in various industries. It focuses on critical thinking, decision-making, problem-solving, and understanding organizational processes. A
typical business program might cover topics like accounting
If a mortgage is acknowledged in the policy and the insured concealed the fact
that a hazard exists to the insurance company, would the mortgage have a right
to recover its full loan value? - (answer)Yes
Under Florida Comparative Negligence law how much would one be able to
recover if they were found 25% at fault? - (answer)75% (the difference)
If a claimant is under the influence of drugs and/or alcohol and is found to be 50%
or more at fault, how much can they recover? - (answer)$0.00
A commercial property coverage part includes: - (answer)Common policy
conditions
Commercial property declarations
One or more causes of loss forms
When an insurance adjuster advises an insured to misrepresent the claim by
suggesting how to report a claim, the adjuster should be charged with: -
(answer)Unfair Claims Act
, The "outside premises" policy insuring agreement covers: - (answer)Loss of
money and securities and other property outside the premises.
The insurer cannot prevent a public adjuster from meeting with their client after:
- (answer)the insurer has been notified of the existence of a contract
EducationBusiness education prepares students for leadership and management roles in various industries. It focuses on critical thinking, decision-making, problem-solving, and understanding organizational processes. A
typical business program might cover topics like accounting
DP-1 is basic Dwelling Coverage. What is the only water damaged covered under
this form? - (answer)Damage caused by water used to extinguish a fire
In Florida, any policy that contains a separate hurricane deductible must include: -
(answer)the actual dollar value, bold print and notice of high-out-of pocket
expense to you
Coverages included under a commercial packaged policy (CPP): - (answer)Farm
Coverage
Commercial Crime Coverage
Commercial GL
Commercial Property
Commercial Auto
Commercial Inland Marine
Boiler and Machinery
Professional Liability
Employment Practices
