FLORIDA 3-20 PUBLIC ADJUSTERS STATE EXAM
(SET 1) QUIZZES WITH ACTUAL ANSWERS UPDATED
2026 – 2027 .
The insurer and insured agree to a specific value of insured item - correct Answers -Agreed Value
Policies
Someone who has care, custody or control of another's property - correct Answers -Bailee
Claim filed by policy holder against his _ - correct Answers -First Party Claim
When a person who entrusts another with an object and it results in injury to someone can be held
liable for the injury to someone. Can be held liable for the injury i.e. Firearm or DWI - correct Answers -
Negligent Entrustment
Hazard that results from a conscious decision made by an insured to participate in a manner or behavior
more likely to result in a loss because they have insurance - correct Answers -Moral Hazard
Used to provide temporary insurance coverage until an insurance policy can be written - correct
Answers -Binder
Required by lenders to guarantee that outstanding loans against a job are paid upon completion -
correct Answers -Completion Bonds
The section of an insurance policy identifying the insured, endorsements, coverages, limits, and
premiums - correct Answers -Declarations
Policyholder cannot transfer the policy to someone else without written permission from their insurance
company - correct Answers -Assignment
1
, An instance, behavior or environment that increases the likelihood of a loss on an insured item - correct
Answers -Hazard
Actual cause or source of an incidence of destruction, injury, or loss - correct Answers -Peril
An insurance company organized and domiciled outside the US - correct Answers -Alien
When there is an unbroken chain of events between an occurrence and a loss, then the loss is part of
the original occurrence - correct Answers -Proximate Cause
Is proximate cause of all subsequent damages - correct Answers -Original Occurance
An individual who contracts with an adjusting firm as an independent contractor and handles claims for
the insurance companies - correct Answers -Independent Adjuster
Action or practice of the insured party is permitted to continue because any defense against a
continuation of said action or practice has been waived by the insurer - correct Answers -Estoppel
Operate for profit, collect premiums, reserve a portion of premiums to pay claims - correct Answers -
Commercial Insurers
Any person who investigates or adjusts losses on behalf of either an insurer or a self-insured - correct
Answers -Independent Adjuster
The result of an insured's tort or wrongdoing. Consequences of a loss or amount or type of losses
suffered - correct Answers -Damages
Requires the insured to insure the named property for a specific amount of insurance as required by the
insurance company - correct Answers -Agreed Value
Physical harm to tangible property caused by peril (loss to property or person in which a covered peril is
the proximate cause of damage or destruction) - correct Answers -Direct loss
2
(SET 1) QUIZZES WITH ACTUAL ANSWERS UPDATED
2026 – 2027 .
The insurer and insured agree to a specific value of insured item - correct Answers -Agreed Value
Policies
Someone who has care, custody or control of another's property - correct Answers -Bailee
Claim filed by policy holder against his _ - correct Answers -First Party Claim
When a person who entrusts another with an object and it results in injury to someone can be held
liable for the injury to someone. Can be held liable for the injury i.e. Firearm or DWI - correct Answers -
Negligent Entrustment
Hazard that results from a conscious decision made by an insured to participate in a manner or behavior
more likely to result in a loss because they have insurance - correct Answers -Moral Hazard
Used to provide temporary insurance coverage until an insurance policy can be written - correct
Answers -Binder
Required by lenders to guarantee that outstanding loans against a job are paid upon completion -
correct Answers -Completion Bonds
The section of an insurance policy identifying the insured, endorsements, coverages, limits, and
premiums - correct Answers -Declarations
Policyholder cannot transfer the policy to someone else without written permission from their insurance
company - correct Answers -Assignment
1
, An instance, behavior or environment that increases the likelihood of a loss on an insured item - correct
Answers -Hazard
Actual cause or source of an incidence of destruction, injury, or loss - correct Answers -Peril
An insurance company organized and domiciled outside the US - correct Answers -Alien
When there is an unbroken chain of events between an occurrence and a loss, then the loss is part of
the original occurrence - correct Answers -Proximate Cause
Is proximate cause of all subsequent damages - correct Answers -Original Occurance
An individual who contracts with an adjusting firm as an independent contractor and handles claims for
the insurance companies - correct Answers -Independent Adjuster
Action or practice of the insured party is permitted to continue because any defense against a
continuation of said action or practice has been waived by the insurer - correct Answers -Estoppel
Operate for profit, collect premiums, reserve a portion of premiums to pay claims - correct Answers -
Commercial Insurers
Any person who investigates or adjusts losses on behalf of either an insurer or a self-insured - correct
Answers -Independent Adjuster
The result of an insured's tort or wrongdoing. Consequences of a loss or amount or type of losses
suffered - correct Answers -Damages
Requires the insured to insure the named property for a specific amount of insurance as required by the
insurance company - correct Answers -Agreed Value
Physical harm to tangible property caused by peril (loss to property or person in which a covered peril is
the proximate cause of damage or destruction) - correct Answers -Direct loss
2
