FL Adjuster practice test with correct Answers.

What requirements must Wholesalers and Distributors meet in order to be eligible for a BOP? - 25% or less of floor space is available to the general public, and less than 25% of gross income may come from retail sales. The first step in the claim process is to - Determining time and cost of repairs In Florida, an insurer has ___ days to pay or deny a claim. - 90 Jerome was shopping at ABC Imports when a light 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? - $250,000 Which of the following best describes inland marine insurance? - Insurance designed to protect property being transported on land and property related to transportation A plane was damaged while being towed by another vehicle. By policy definition, this damage is considered to have occurred while the aircraft was: - not in motion Citizens Insurance - is available to certain people who are not residents of Florida. This provision in Ocean Marine insurance obligates insurers of various interests to share the cost of losses associated with a captain's decision to voluntarily sacrifice a part of the ship or its cargo. - General Average