CLAIMS ADJUSTER'S EXAM (FL) QUIZZES WITH
CORRECT ANSWERS UPDATED 2026 \LAATEST
UPDATE .
-Insurable Interest must exist at the time of the loss.
-Insurance Interest must exist for insurance to respond.
*Show a similarity between insurance and wagering*
-The insured would suffer an economic loss. - correct Answers -All of the following describe insurable
interest EXCEPT
-It is a personal contract.
-Parties are of unequal power with ambiguities or unclear wording resolved in favor of the insured
because it is a contract of adhesion.
*Indemnity is not part of an insurance contract*
-There are conditions imposed upon both the insurer and insured. - correct Answers -An Insurance
Policy is a contract with all of the following characteristics, EXCEPT
-Indemnity
-Cohesion
*Adhesion*
-Conditions - correct Answers -An insurance contract may contain a "gray area" or an ambiguity, that is
generally resolved in favor of the insured because insurance policies are contracts of:
*Personal nature*
-Indemnity
-Adhesion
-Actual cash value - correct Answers -If an insured sells his car to another person, the buyer may be
prohibited from also receiving the insured's policy. This is because the insurance contract is a contract
of:
1
, -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 Answers -Strict or absolute liability:
*Legal purpose*
Competent parties
Consideration
Agreement of the parties - correct Answers -Jack and Connie - both 50 years old and of sound mind -
agree to have Jack burn down Connie's house for $10,000. What element of a valid contract is missing?
Speculative risk
*Pure risk*
Both A & B
None of the above - correct Answers -Risks that are insurable are:
Not available in Florida insurance policies
Fourth party claims
Standard property insurance
*Liability* - correct Answers -Insurance that covers the responsibility for loss arising out of policy
holder's negligence - that results in payment to a party other than the insured is:
Adhesion
Actual Cash Value
*Indemnity*
Severability - correct Answers -The goal of insurance is to restore the insured to the same economic
position as before the covered loss occurred, this is the principle of:
-Aggregate Limit
-Split Limit
2
CORRECT ANSWERS UPDATED 2026 \LAATEST
UPDATE .
-Insurable Interest must exist at the time of the loss.
-Insurance Interest must exist for insurance to respond.
*Show a similarity between insurance and wagering*
-The insured would suffer an economic loss. - correct Answers -All of the following describe insurable
interest EXCEPT
-It is a personal contract.
-Parties are of unequal power with ambiguities or unclear wording resolved in favor of the insured
because it is a contract of adhesion.
*Indemnity is not part of an insurance contract*
-There are conditions imposed upon both the insurer and insured. - correct Answers -An Insurance
Policy is a contract with all of the following characteristics, EXCEPT
-Indemnity
-Cohesion
*Adhesion*
-Conditions - correct Answers -An insurance contract may contain a "gray area" or an ambiguity, that is
generally resolved in favor of the insured because insurance policies are contracts of:
*Personal nature*
-Indemnity
-Adhesion
-Actual cash value - correct Answers -If an insured sells his car to another person, the buyer may be
prohibited from also receiving the insured's policy. This is because the insurance contract is a contract
of:
1
, -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 Answers -Strict or absolute liability:
*Legal purpose*
Competent parties
Consideration
Agreement of the parties - correct Answers -Jack and Connie - both 50 years old and of sound mind -
agree to have Jack burn down Connie's house for $10,000. What element of a valid contract is missing?
Speculative risk
*Pure risk*
Both A & B
None of the above - correct Answers -Risks that are insurable are:
Not available in Florida insurance policies
Fourth party claims
Standard property insurance
*Liability* - correct Answers -Insurance that covers the responsibility for loss arising out of policy
holder's negligence - that results in payment to a party other than the insured is:
Adhesion
Actual Cash Value
*Indemnity*
Severability - correct Answers -The goal of insurance is to restore the insured to the same economic
position as before the covered loss occurred, this is the principle of:
-Aggregate Limit
-Split Limit
2
