FL Adjuster Exam (WebCE)
FL Adjuster Exam (WebCE)
Study online at https://quizlet.com/_genlso
1. Malcolm Enterprises sustains a serious fire loss to its D. indirect loss
factory. Operations are suspended for several weeks
while repairs are made. During this time, Malcolm En-
terprises cannot produce the goods they sell and will
lose considerable income. How would you describe
the loss of income?
A. proximate loss
B. direct loss
C. covered loss
D. indirect loss
2. Which of the following is a requirement to operate as B. obtaining a license or
an insurance agency in Florida? registration from the state
A. appointment of at least two agents to manage the
agency
B. obtaining a license or registration from the state
C. submitting an application and appointing the Office
as its agent for service of process
D. having transacted insurance in Florida for at least
two years before applying for a license
3. The Department cannot suspend or revoke an ad- A. failing to meet project-
juster's license for which of the following reasons? ed sales goals
A. failing to meet projected sales goals
B. violating the Code of Ethics
C. engaging in rebating
D. intentionally violating the insurance laws
4. How do public adjusters primarily differ from staff or A. Public adjusters repre-
independent adjusters? sent insureds, while other
, FL Adjuster Exam (WebCE)
FL Adjuster Exam (WebCE)
Study online at https://quizlet.com/_genlso
adjusters represent insur-
A. Public adjusters represent insureds, while other ers.
adjusters represent insurers.
B. Public adjusters are government employees.
C. Public adjusters work only with claims below a cer-
tain value.
D. Public adjusters specialize in certain claims.
5. Which of the following activities does not violate the A. telling clients that an
insurance code? agent holds a chartered fi-
nancial consultant (ChFC)
A. telling clients that an agent holds a chartered finan- designation
cial consultant (ChFC) designation
B. offering to share a commission if a client buys sev-
eral insurance policies
C. charging a fee that is more than the premium stated
in the policy
D. telling clients that an agent is certified to provide
specialized financial advice to senior citizens
6. A customer slips and falls on a wet floor in a store, C. special damages
and incurs damages consisting of emergency room
charges, doctor bills, X-rays, and lost earnings from
her job when she couldn't work for two weeks. All of
these are examples of:
A. general damages
B. punitive damages
C. special damages
D. speculative damages
7. Insurers must keep records of their insurance trans- A. five
actions for how many years after the transaction was
, FL Adjuster Exam (WebCE)
FL Adjuster Exam (WebCE)
Study online at https://quizlet.com/_genlso
completed?
A. five
B. four
C. three
D. two
8. Steam boiler explosions are covered under which of B. equipment breakdown
the following types of property insurance policies? policy
A. mechanical breakdown policy
B. equipment breakdown policy
C. flood insurance policy
D. ordinance or law endorsement
9. A liability adjuster has each of the following duties D. to prosecute the party
EXCEPT: that caused the loss
A. to protect the insured
B. to treat the claimant fairly
C. to represent the interests of the insurer
D. to prosecute the party that caused the loss
10. BBX Insurers terminated Henry's appointment as its D. 48 months
adjuster on December 1. How long will Henry remain
eligible to be appointed as an adjuster by another
insurer?
A. 12 months
B. 24 months
C. 36 months
D. 48 months
, FL Adjuster Exam (WebCE)
FL Adjuster Exam (WebCE)
Study online at https://quizlet.com/_genlso
11. To avoid the appearance of practicing law, a claims C. limited to the wording
adjuster's communications with an insured should al- of the policy
ways be
A. limited to interpretations of the policy
B. reviewed by an attorney
C. limited to the wording of the policy
D. supported by references to the law
12. When dealing with insurance policies, a producer's A. misrepresentation
false statement of material fact is called a:
A. misrepresentation
B. fraudulent representation
C. act of concealment
D. false promise
13. Insurance companies and policyholders rely on the B. utmost good faith
honesty and disclosures of the other party when ne-
gotiating the sale of insurance policies, which is why
insurance policies are considered to be contracts of:
A. actuarial principles
B. utmost good faith
C. honest representation
D. insured integrity
14. In a property insurance policy, another term for peril C. cause of loss
is:
A. physical hazard
B. moral hazard
FL Adjuster Exam (WebCE)
Study online at https://quizlet.com/_genlso
1. Malcolm Enterprises sustains a serious fire loss to its D. indirect loss
factory. Operations are suspended for several weeks
while repairs are made. During this time, Malcolm En-
terprises cannot produce the goods they sell and will
lose considerable income. How would you describe
the loss of income?
A. proximate loss
B. direct loss
C. covered loss
D. indirect loss
2. Which of the following is a requirement to operate as B. obtaining a license or
an insurance agency in Florida? registration from the state
A. appointment of at least two agents to manage the
agency
B. obtaining a license or registration from the state
C. submitting an application and appointing the Office
as its agent for service of process
D. having transacted insurance in Florida for at least
two years before applying for a license
3. The Department cannot suspend or revoke an ad- A. failing to meet project-
juster's license for which of the following reasons? ed sales goals
A. failing to meet projected sales goals
B. violating the Code of Ethics
C. engaging in rebating
D. intentionally violating the insurance laws
4. How do public adjusters primarily differ from staff or A. Public adjusters repre-
independent adjusters? sent insureds, while other
, FL Adjuster Exam (WebCE)
FL Adjuster Exam (WebCE)
Study online at https://quizlet.com/_genlso
adjusters represent insur-
A. Public adjusters represent insureds, while other ers.
adjusters represent insurers.
B. Public adjusters are government employees.
C. Public adjusters work only with claims below a cer-
tain value.
D. Public adjusters specialize in certain claims.
5. Which of the following activities does not violate the A. telling clients that an
insurance code? agent holds a chartered fi-
nancial consultant (ChFC)
A. telling clients that an agent holds a chartered finan- designation
cial consultant (ChFC) designation
B. offering to share a commission if a client buys sev-
eral insurance policies
C. charging a fee that is more than the premium stated
in the policy
D. telling clients that an agent is certified to provide
specialized financial advice to senior citizens
6. A customer slips and falls on a wet floor in a store, C. special damages
and incurs damages consisting of emergency room
charges, doctor bills, X-rays, and lost earnings from
her job when she couldn't work for two weeks. All of
these are examples of:
A. general damages
B. punitive damages
C. special damages
D. speculative damages
7. Insurers must keep records of their insurance trans- A. five
actions for how many years after the transaction was
, FL Adjuster Exam (WebCE)
FL Adjuster Exam (WebCE)
Study online at https://quizlet.com/_genlso
completed?
A. five
B. four
C. three
D. two
8. Steam boiler explosions are covered under which of B. equipment breakdown
the following types of property insurance policies? policy
A. mechanical breakdown policy
B. equipment breakdown policy
C. flood insurance policy
D. ordinance or law endorsement
9. A liability adjuster has each of the following duties D. to prosecute the party
EXCEPT: that caused the loss
A. to protect the insured
B. to treat the claimant fairly
C. to represent the interests of the insurer
D. to prosecute the party that caused the loss
10. BBX Insurers terminated Henry's appointment as its D. 48 months
adjuster on December 1. How long will Henry remain
eligible to be appointed as an adjuster by another
insurer?
A. 12 months
B. 24 months
C. 36 months
D. 48 months
, FL Adjuster Exam (WebCE)
FL Adjuster Exam (WebCE)
Study online at https://quizlet.com/_genlso
11. To avoid the appearance of practicing law, a claims C. limited to the wording
adjuster's communications with an insured should al- of the policy
ways be
A. limited to interpretations of the policy
B. reviewed by an attorney
C. limited to the wording of the policy
D. supported by references to the law
12. When dealing with insurance policies, a producer's A. misrepresentation
false statement of material fact is called a:
A. misrepresentation
B. fraudulent representation
C. act of concealment
D. false promise
13. Insurance companies and policyholders rely on the B. utmost good faith
honesty and disclosures of the other party when ne-
gotiating the sale of insurance policies, which is why
insurance policies are considered to be contracts of:
A. actuarial principles
B. utmost good faith
C. honest representation
D. insured integrity
14. In a property insurance policy, another term for peril C. cause of loss
is:
A. physical hazard
B. moral hazard
