6.20 All Lines Adjuster- Florida- Review of Quizzes
6.20 All Lines Adjuster- Florida- Review of Quizzes
Study online at https://quizlet.com/_6i4zel
1. The deductible The dollar amount that the
insured pays before the
insurer is required to pay
the remainder of the loss
is known as?
2. Replacement cost Which loss settlement
provides new for old?
3. the claims adjuster's role in the insurance industry Give appropriate legal ad-
includes vice and write binding
contracts
4. following are examples of a peril Lighting, Explosion and
Fire
5. The abandonment clause The clause that prohibits
the insured from dumping
damaged property on the
insurance company and
demanding to be paid in
full is?
6. Liberalization When a policy change re-
sults in broadened cov-
erage with no addition-
al premium, the insured
automatically receives the
benefit under the princi-
ple of?
7. Risk The chance of financial
loss is known as?
, 6.20 All Lines Adjuster- Florida- Review of Quizzes
6.20 All Lines Adjuster- Florida- Review of Quizzes
Study online at https://quizlet.com/_6i4zel
8. Percentage Hurricane insurance in
coastal areas in Florida is
written subject to which of
the following deductibles?
9. Severability Insurance may apply sep-
arately to each insured, as
if the other insureds did
not exist. This is known as
the doctrine of?
10. The principle of proximate cause When there is an unbro-
ken connection between
an occurrence and the
damage that arises from
the occurrence, and all the
resulting damage hap-
pened on account of that
occurrence, this is known
as?
11. characteristics of a contract Consideration must be
given to at least one party
12. Primary When two or more poli-
cies apply to the same
loss, the one that pays first
is called?
13. Mortgagee Clause The clause that protects
the lender in a real prop-
erty policy is the?
, 6.20 All Lines Adjuster- Florida- Review of Quizzes
6.20 All Lines Adjuster- Florida- Review of Quizzes
Study online at https://quizlet.com/_6i4zel
14. Indemnity The concept that one
should not profit from the
payment provided by an
insurance policy is known
as?
15. Property or first-party insurance Payment the insurance
company makes directly to
the insured is?
16. Written To be considered an in-
surance contract, a policy
must be?
17. Subrogation When the insured trans-
fers his/her rights to col-
lect for damages to the in-
surer, it is known as?
18. The insured If an insurance policy is
unclear or ambiguous, in
whose favor does the pol-
icy respond?
19. Insurable interest A partial owner of a build-
ing cannot receive full val-
ue for the building in the
event of a loss because of?
20. Comparative negligence Reduces the insured's
damages by the degree of
negligence
, 6.20 All Lines Adjuster- Florida- Review of Quizzes
6.20 All Lines Adjuster- Florida- Review of Quizzes
Study online at https://quizlet.com/_6i4zel
21. the following are part of an insurance policy Exclusions, Declarations
and Endorsementd
22. ACV replacement cost minus
depreciation
23. The insured's house is totally destroyed in a fire. The The Florida Valued Policy
house is insured for $200,000. The adjuster who inves- Law requires the insurer
tigates the claims determines the ACV of the home is to pay $200,000
$185,000.
24. describe a franchise deductible No payment is made un-
til the loss equals or ex-
ceeds the amount of the
deductible and then the
loss is paid in full
25. All of the following are characteristics of an insurance Private
contract EXCEPT? Personal, Private, Conditional, Ad-
hesion?
26. If a claimant is represented by an attorney, the ad- Only meet with the client
juster should? when the attorney is pre-
sent
27. Adjusters should advise claimants on? claims information
28. An adjuster is required to notify a claimant when a Written
claim is denied. The notification must be?
29. The term ethics refers to? service to others, personal
respect and proper mode
of conduct
6.20 All Lines Adjuster- Florida- Review of Quizzes
Study online at https://quizlet.com/_6i4zel
1. The deductible The dollar amount that the
insured pays before the
insurer is required to pay
the remainder of the loss
is known as?
2. Replacement cost Which loss settlement
provides new for old?
3. the claims adjuster's role in the insurance industry Give appropriate legal ad-
includes vice and write binding
contracts
4. following are examples of a peril Lighting, Explosion and
Fire
5. The abandonment clause The clause that prohibits
the insured from dumping
damaged property on the
insurance company and
demanding to be paid in
full is?
6. Liberalization When a policy change re-
sults in broadened cov-
erage with no addition-
al premium, the insured
automatically receives the
benefit under the princi-
ple of?
7. Risk The chance of financial
loss is known as?
, 6.20 All Lines Adjuster- Florida- Review of Quizzes
6.20 All Lines Adjuster- Florida- Review of Quizzes
Study online at https://quizlet.com/_6i4zel
8. Percentage Hurricane insurance in
coastal areas in Florida is
written subject to which of
the following deductibles?
9. Severability Insurance may apply sep-
arately to each insured, as
if the other insureds did
not exist. This is known as
the doctrine of?
10. The principle of proximate cause When there is an unbro-
ken connection between
an occurrence and the
damage that arises from
the occurrence, and all the
resulting damage hap-
pened on account of that
occurrence, this is known
as?
11. characteristics of a contract Consideration must be
given to at least one party
12. Primary When two or more poli-
cies apply to the same
loss, the one that pays first
is called?
13. Mortgagee Clause The clause that protects
the lender in a real prop-
erty policy is the?
, 6.20 All Lines Adjuster- Florida- Review of Quizzes
6.20 All Lines Adjuster- Florida- Review of Quizzes
Study online at https://quizlet.com/_6i4zel
14. Indemnity The concept that one
should not profit from the
payment provided by an
insurance policy is known
as?
15. Property or first-party insurance Payment the insurance
company makes directly to
the insured is?
16. Written To be considered an in-
surance contract, a policy
must be?
17. Subrogation When the insured trans-
fers his/her rights to col-
lect for damages to the in-
surer, it is known as?
18. The insured If an insurance policy is
unclear or ambiguous, in
whose favor does the pol-
icy respond?
19. Insurable interest A partial owner of a build-
ing cannot receive full val-
ue for the building in the
event of a loss because of?
20. Comparative negligence Reduces the insured's
damages by the degree of
negligence
, 6.20 All Lines Adjuster- Florida- Review of Quizzes
6.20 All Lines Adjuster- Florida- Review of Quizzes
Study online at https://quizlet.com/_6i4zel
21. the following are part of an insurance policy Exclusions, Declarations
and Endorsementd
22. ACV replacement cost minus
depreciation
23. The insured's house is totally destroyed in a fire. The The Florida Valued Policy
house is insured for $200,000. The adjuster who inves- Law requires the insurer
tigates the claims determines the ACV of the home is to pay $200,000
$185,000.
24. describe a franchise deductible No payment is made un-
til the loss equals or ex-
ceeds the amount of the
deductible and then the
loss is paid in full
25. All of the following are characteristics of an insurance Private
contract EXCEPT? Personal, Private, Conditional, Ad-
hesion?
26. If a claimant is represented by an attorney, the ad- Only meet with the client
juster should? when the attorney is pre-
sent
27. Adjusters should advise claimants on? claims information
28. An adjuster is required to notify a claimant when a Written
claim is denied. The notification must be?
29. The term ethics refers to? service to others, personal
respect and proper mode
of conduct
