FL Adjuster practice test
FL Adjuster practice test
Study online at https://quizlet.com/_7i8ctf
1. What requirements must Wholesalers and Distribu- 25% or less of floor space
tors meet in order to be eligible for a BOP? is available to the general
public, and less than 25%
of gross income may come
from retail sales.
2. The first step in the claim process is to Determining time and cost
of repairs
3. In Florida, an insurer has ___ days to pay or deny a 90
claim.
4. Jerome was shopping at ABC Imports when a light $250,000
fixture fell from the ceiling and hit him on the head.
Jerome's injuries resulted in an extended hospital stay,
so he sued ABC Imports and was awarded $400,000.
Assuming ABC Imports carries a CGL with a General
Aggregate of $750,000 and a per occurrence limit of
$250,000, what is the maximum that ABC's insurer will
pay for Jerome's injuries?
5. Which of the following best describes inland marine Insurance designed to
insurance? protect property being
transported on land and
property related to trans-
portation
6. A plane was damaged while being towed by another not in motion
vehicle. By policy definition, this damage is considered
to have occurred while the aircraft was:
7. Citizens Insurance
, FL Adjuster practice test
FL Adjuster practice test
Study online at https://quizlet.com/_7i8ctf
is available to certain peo-
ple who are not residents
of Florida.
8. This provision in Ocean Marine insurance obligates General Average
insurers of various interests to share the cost of loss-
es associated with a captain's decision to voluntarily
sacrifice a part of the ship or its cargo.
9. Walter works for a shipping company, delivering pack- Named Individuals Broad-
ages and picking up orders. He lives very close to work ened PIP
and the grocery store is only a few blocks away, so he
can live conveniently without owning a car. However,
he would like to have some Personal Injury Protection,
just in case he ever gets injured in an accident. Which
BAP endorsement could his employer use to give him
this coverage?
10. Which of the following is NOT a rating factor for a The condition of the vehi-
personal auto liability policy? cle
11. Phil heads over to visit his friend Josh, who is sick disease transmitted from
with the flu. While at the house, Josh fails to cover his the insured to a third party
mouth when he coughs and Phil ends up contacting is excluded.
the flu. Phil files a claim with Josh's insurer for medical
expenses and lost income while Phil is out sick from
work. The insurer denies the claim because
12. Jerrod owns two planes and has liability insurance 50,000
with the following limits:
Bodily Injury Excluding Passengers: $250,000/person;
$500,000/occurrence
Passenger Bodily Injury: $250,000/person;
, FL Adjuster practice test
FL Adjuster practice test
Study online at https://quizlet.com/_7i8ctf
$750,000/occurrence
Property Damage: $500,000/occurrence.
When Jerrod crashes into a car while landing his plane,
he injures the two people in the car and complete-
ly wrecks the car. The first person in the car suffers
$200,000 in injuries, and the second person suffers
$300,000 in injuries. Replacing the car costs $45,000.
Without taking deductibles into account, how much
will Jerrod have to pay out of his own pocket?
13. Which of the following endorsements is mandatory Catastrophic ground col-
for all Florida residential property policies? lapse
14. Maria was in the hospital for five days, recovering Hospital Indemnity insur-
from a stroke. The bill she received for her hospital ance
stay broke down the charges for room, lab fees, meals,
and nursing care. However, her insurer paid a flat daily
rate and she was left responsible for paying the re-
maining charges. What type of insurance does Maria
have?
15. ABC Roofing has two CGL policies that cover the same KLM Insurance will pay
losses. Both policies are occurrence forms, thus pay $50,000; XYZ Mutual will
out on a pro rata basis. The first policy is through KLM pay $100,000
Insurance and has a limit of $300,000. The second
is through XYZ Mutual, with a limit of $600,000. One
day, ABC Roofing suffers an occurrence resulting in a
$150,000 covered loss. How will this loss be indemni-
fied?
16. Florida Insurance Code states the qualifications re- Spend 20 hours in the
quired to become a licensed insurance adjuster in the field working with a li-
censed insurance adjuster
, FL Adjuster practice test
FL Adjuster practice test
Study online at https://quizlet.com/_7i8ctf
state of Florida. Which of the following is NOT one of
the requirements for applicants?
17. Which of the following automobile components is Tires
NOT covered by a Mechanical Breakdown Insurance
policy?
18. Dr. Smith has a claims-made malpractice insurance A claims-made policy cov-
policy with a policy period from June 30, 2006 to June ers claims initiated dur-
30, 2007. Which claim would trigger this policy? ing the policy period. In
this situation, that would
include claims filed be-
tween June 30, 2006 and
30, 2007.
19. Lemon Insurance Co. decides not to renew Hugh's Lemon Insurance must
Personal Auto policy, which is set to expire on May 31. notify Hugh at least 45
Which of the following statements is TRUE? days before the policy ex-
pires.
20. Which of these statements is true? Flood insurance is always
backed by the National
Flood Insurance Program.
21. Which of the following is TRUE about workers' com- It benefits both the em-
pensation insurance? ployee and the employer.
22. Martin works as an accountant for Smith Manufac- A kickback
turing. Smith Manufacturing has tasked Martin with
finding an insurance provider to meet the company's
needs, so Martin interviews several insurers. At the
end of one interview with PRO Insurance, the insur-
ance representative hands Martin an envelope con-
FL Adjuster practice test
Study online at https://quizlet.com/_7i8ctf
1. What requirements must Wholesalers and Distribu- 25% or less of floor space
tors meet in order to be eligible for a BOP? is available to the general
public, and less than 25%
of gross income may come
from retail sales.
2. The first step in the claim process is to Determining time and cost
of repairs
3. In Florida, an insurer has ___ days to pay or deny a 90
claim.
4. Jerome was shopping at ABC Imports when a light $250,000
fixture fell from the ceiling and hit him on the head.
Jerome's injuries resulted in an extended hospital stay,
so he sued ABC Imports and was awarded $400,000.
Assuming ABC Imports carries a CGL with a General
Aggregate of $750,000 and a per occurrence limit of
$250,000, what is the maximum that ABC's insurer will
pay for Jerome's injuries?
5. Which of the following best describes inland marine Insurance designed to
insurance? protect property being
transported on land and
property related to trans-
portation
6. A plane was damaged while being towed by another not in motion
vehicle. By policy definition, this damage is considered
to have occurred while the aircraft was:
7. Citizens Insurance
, FL Adjuster practice test
FL Adjuster practice test
Study online at https://quizlet.com/_7i8ctf
is available to certain peo-
ple who are not residents
of Florida.
8. This provision in Ocean Marine insurance obligates General Average
insurers of various interests to share the cost of loss-
es associated with a captain's decision to voluntarily
sacrifice a part of the ship or its cargo.
9. Walter works for a shipping company, delivering pack- Named Individuals Broad-
ages and picking up orders. He lives very close to work ened PIP
and the grocery store is only a few blocks away, so he
can live conveniently without owning a car. However,
he would like to have some Personal Injury Protection,
just in case he ever gets injured in an accident. Which
BAP endorsement could his employer use to give him
this coverage?
10. Which of the following is NOT a rating factor for a The condition of the vehi-
personal auto liability policy? cle
11. Phil heads over to visit his friend Josh, who is sick disease transmitted from
with the flu. While at the house, Josh fails to cover his the insured to a third party
mouth when he coughs and Phil ends up contacting is excluded.
the flu. Phil files a claim with Josh's insurer for medical
expenses and lost income while Phil is out sick from
work. The insurer denies the claim because
12. Jerrod owns two planes and has liability insurance 50,000
with the following limits:
Bodily Injury Excluding Passengers: $250,000/person;
$500,000/occurrence
Passenger Bodily Injury: $250,000/person;
, FL Adjuster practice test
FL Adjuster practice test
Study online at https://quizlet.com/_7i8ctf
$750,000/occurrence
Property Damage: $500,000/occurrence.
When Jerrod crashes into a car while landing his plane,
he injures the two people in the car and complete-
ly wrecks the car. The first person in the car suffers
$200,000 in injuries, and the second person suffers
$300,000 in injuries. Replacing the car costs $45,000.
Without taking deductibles into account, how much
will Jerrod have to pay out of his own pocket?
13. Which of the following endorsements is mandatory Catastrophic ground col-
for all Florida residential property policies? lapse
14. Maria was in the hospital for five days, recovering Hospital Indemnity insur-
from a stroke. The bill she received for her hospital ance
stay broke down the charges for room, lab fees, meals,
and nursing care. However, her insurer paid a flat daily
rate and she was left responsible for paying the re-
maining charges. What type of insurance does Maria
have?
15. ABC Roofing has two CGL policies that cover the same KLM Insurance will pay
losses. Both policies are occurrence forms, thus pay $50,000; XYZ Mutual will
out on a pro rata basis. The first policy is through KLM pay $100,000
Insurance and has a limit of $300,000. The second
is through XYZ Mutual, with a limit of $600,000. One
day, ABC Roofing suffers an occurrence resulting in a
$150,000 covered loss. How will this loss be indemni-
fied?
16. Florida Insurance Code states the qualifications re- Spend 20 hours in the
quired to become a licensed insurance adjuster in the field working with a li-
censed insurance adjuster
, FL Adjuster practice test
FL Adjuster practice test
Study online at https://quizlet.com/_7i8ctf
state of Florida. Which of the following is NOT one of
the requirements for applicants?
17. Which of the following automobile components is Tires
NOT covered by a Mechanical Breakdown Insurance
policy?
18. Dr. Smith has a claims-made malpractice insurance A claims-made policy cov-
policy with a policy period from June 30, 2006 to June ers claims initiated dur-
30, 2007. Which claim would trigger this policy? ing the policy period. In
this situation, that would
include claims filed be-
tween June 30, 2006 and
30, 2007.
19. Lemon Insurance Co. decides not to renew Hugh's Lemon Insurance must
Personal Auto policy, which is set to expire on May 31. notify Hugh at least 45
Which of the following statements is TRUE? days before the policy ex-
pires.
20. Which of these statements is true? Flood insurance is always
backed by the National
Flood Insurance Program.
21. Which of the following is TRUE about workers' com- It benefits both the em-
pensation insurance? ployee and the employer.
22. Martin works as an accountant for Smith Manufac- A kickback
turing. Smith Manufacturing has tasked Martin with
finding an insurance provider to meet the company's
needs, so Martin interviews several insurers. At the
end of one interview with PRO Insurance, the insur-
ance representative hands Martin an envelope con-
