Florida Claims Adjuster Exam q
Florida Claims Adjuster Exam
Study online at https://quizlet.com/_62h76f
1. Severability Insurance applies sepa-
rately to each insured as
if other insureds did not
exist.
2. Abandonment Property insurance poli-
cies usually contain a(n)
__________ clause, *stat-
ing the insured cannot
dump damaged proper-
ty on the insurer and de-
mand its full value.*
3. Insurable Interest One wherein economic
loss would be suffered
from an adverse happen-
ing to the subject.
4. Liberalization States that if the insur-
er adopts a revision which
would broaden coverage
without additional premi-
um within some period of
time prior to the policy pe-
riod or during the poli-
cy period, the insured re-
ceives the benefit of such
broadened coverage..
5. Doctrine of Proximate Cause States that when there
is an unbroken connec-
tion between an occur-
Page 1 of 51
, Florida Claims Adjuster Exam q
Florida Claims Adjuster Exam
Study online at https://quizlet.com/_62h76f
rence and damage that
grows out of the occur-
rence, then the resultant
damage is all a part of the
occurrence.
6. Actual Cash Value The Loss Settlement Valu-
ation that subtracts an al-
lowance for depreciation
7. Warranty A policy condition, either
based on information in
the insured's application
or inserted by the insurer
8. Conditional Contract The Insurer's responsibil-
ity to pay for a prop-
erty loss may be con-
ditioned on the insured
having used reasonable
means to avoid the loss,
to protect the property
against further loss, and to
give the insurer proof of
the loss is defined as?
9. Under Mechanical Breakdown Coverage, *new cars 36 Months/36,000 Miles
are eligible for service up to:*
Used vehicles: 12
Months/12,000 Miles
10. If financial responsibility doesn't exist at the time of an The legally valid claims of
accident, what happens? others must be satisfied
Page 2 of 51
, Florida Claims Adjuster Exam q
Florida Claims Adjuster Exam
Study online at https://quizlet.com/_62h76f
(10/20/10)
The owner and operator
must provide certification
of future responsibility for
future accidents
11. As to required proof for future accidents by purchase 3
of auto liability insurance, the insurer must make a
filing (Form SR-22) certifying that coverage is in effect,
and this certification must remain on file for __________
years
12. The Business Automobile Policy includes all of the The Trailer Interchange
following coverage forms except: Coverage Form
13. Personal Injury Protection, or PIP, has a __________ per 10,000
person, per accident limit.
14. Used to insure businesses engaged in selling, servic- Garage Coverage Form
ing, repairing, parking or storing automobiles:
15. The following examples are referred to as __________ Split
liability limits: 25/50/25 or 10/20/10.
10/20/10 =
10,000 per person in-
jured
20,000 all injuries com-
bined
10,000 property damage
Example of straight liabili-
ty limit = $30,000
16.
Page 3 of 51
, Florida Claims Adjuster Exam q
Florida Claims Adjuster Exam
Study online at https://quizlet.com/_62h76f
Jeremy has a not at fault accident. If he has PIP with $1,600
a $1,000 deductible, how much can he expect his PIP
coverage to pay toward his medical bills that total 3000 (bills) - 1000 (de-
$3,000? ductible) =
2000 x .80 (eighty per-
cent)
17. Frank has a not-at-fault accident, he has basic PIP, no $5,000
deductible and Med pay of $5,000. How much will his
Med Pay contribute to medical bills of $15,000? Medical Payment limits
apply per person; Frank
will receive full amount to-
wards medical bills.
18. Which of the following is not one of the rating factors Age & Gender of Insured
for a Homeowner's Policy?
19. On a Homeowner's Policy, covers items that are not Other Structures
permanently attached to the dwelling. This is defined
as: Examples include sheds,
fences, pool houses, de-
tached car ports, etc.
20. A lender has an insurable interest in a home and finds Mortgagee Clause
protection in the:
Mortgagee - Homeown-
er's policy
Loss Payee - Automobile
policy
21. Which of the following forms is "all-risk" on the DP-3, or the Special Form
dwelling policy?
22. Both A & B
Page 4 of 51
Florida Claims Adjuster Exam
Study online at https://quizlet.com/_62h76f
1. Severability Insurance applies sepa-
rately to each insured as
if other insureds did not
exist.
2. Abandonment Property insurance poli-
cies usually contain a(n)
__________ clause, *stat-
ing the insured cannot
dump damaged proper-
ty on the insurer and de-
mand its full value.*
3. Insurable Interest One wherein economic
loss would be suffered
from an adverse happen-
ing to the subject.
4. Liberalization States that if the insur-
er adopts a revision which
would broaden coverage
without additional premi-
um within some period of
time prior to the policy pe-
riod or during the poli-
cy period, the insured re-
ceives the benefit of such
broadened coverage..
5. Doctrine of Proximate Cause States that when there
is an unbroken connec-
tion between an occur-
Page 1 of 51
, Florida Claims Adjuster Exam q
Florida Claims Adjuster Exam
Study online at https://quizlet.com/_62h76f
rence and damage that
grows out of the occur-
rence, then the resultant
damage is all a part of the
occurrence.
6. Actual Cash Value The Loss Settlement Valu-
ation that subtracts an al-
lowance for depreciation
7. Warranty A policy condition, either
based on information in
the insured's application
or inserted by the insurer
8. Conditional Contract The Insurer's responsibil-
ity to pay for a prop-
erty loss may be con-
ditioned on the insured
having used reasonable
means to avoid the loss,
to protect the property
against further loss, and to
give the insurer proof of
the loss is defined as?
9. Under Mechanical Breakdown Coverage, *new cars 36 Months/36,000 Miles
are eligible for service up to:*
Used vehicles: 12
Months/12,000 Miles
10. If financial responsibility doesn't exist at the time of an The legally valid claims of
accident, what happens? others must be satisfied
Page 2 of 51
, Florida Claims Adjuster Exam q
Florida Claims Adjuster Exam
Study online at https://quizlet.com/_62h76f
(10/20/10)
The owner and operator
must provide certification
of future responsibility for
future accidents
11. As to required proof for future accidents by purchase 3
of auto liability insurance, the insurer must make a
filing (Form SR-22) certifying that coverage is in effect,
and this certification must remain on file for __________
years
12. The Business Automobile Policy includes all of the The Trailer Interchange
following coverage forms except: Coverage Form
13. Personal Injury Protection, or PIP, has a __________ per 10,000
person, per accident limit.
14. Used to insure businesses engaged in selling, servic- Garage Coverage Form
ing, repairing, parking or storing automobiles:
15. The following examples are referred to as __________ Split
liability limits: 25/50/25 or 10/20/10.
10/20/10 =
10,000 per person in-
jured
20,000 all injuries com-
bined
10,000 property damage
Example of straight liabili-
ty limit = $30,000
16.
Page 3 of 51
, Florida Claims Adjuster Exam q
Florida Claims Adjuster Exam
Study online at https://quizlet.com/_62h76f
Jeremy has a not at fault accident. If he has PIP with $1,600
a $1,000 deductible, how much can he expect his PIP
coverage to pay toward his medical bills that total 3000 (bills) - 1000 (de-
$3,000? ductible) =
2000 x .80 (eighty per-
cent)
17. Frank has a not-at-fault accident, he has basic PIP, no $5,000
deductible and Med pay of $5,000. How much will his
Med Pay contribute to medical bills of $15,000? Medical Payment limits
apply per person; Frank
will receive full amount to-
wards medical bills.
18. Which of the following is not one of the rating factors Age & Gender of Insured
for a Homeowner's Policy?
19. On a Homeowner's Policy, covers items that are not Other Structures
permanently attached to the dwelling. This is defined
as: Examples include sheds,
fences, pool houses, de-
tached car ports, etc.
20. A lender has an insurable interest in a home and finds Mortgagee Clause
protection in the:
Mortgagee - Homeown-
er's policy
Loss Payee - Automobile
policy
21. Which of the following forms is "all-risk" on the DP-3, or the Special Form
dwelling policy?
22. Both A & B
Page 4 of 51
