Florida Public Adjuster State Test 2023 100% Correctly Answered

Florida No-Fault Tort Exemption - CORRECT ANS Those who comply with the law are granted limited immunity from suits of others through PIP coverage. 4 Exceptions to Tort Exemption(Threshold of No-Fault) - CORRECT ANS 1. Significant and Permanent loss of bodily function. 2.Permanent injury other than scarring and disfigurement. 3.Significant and Permanent scarring or disfigurement. 4.Death What does NFIP stand for? - CORRECT ANS National Flood Insurance Program Form SR-22 - CORRECT ANS Drivers Convicted of DUI or a traffic felony over the prior 3 years are required to have 100/300/50 coverage or a certificate of self insurance of $350,000. Contents of a CGL Contract - CORRECT ANS 1.Declarations Form 2.Common Policy Conditions Form 3. One of: A.Occurrence Form B.Claims Made Form 4.Nuclear Energy Liability Exclusion Endorsement. Declarations of a CGL Contract(4) - CORRECT ANS 1.Named Insured(including address) 2.Policy Period 3.Premium 4.Limits of Coverage 7 Common CGL Conditions - CORRECT ANS 1.Cancellation(30 Days by insurer option, 10 Days By no payment). 2.Changes 3.Examination of Books 4.Inspections and Surveys 5.Premiums 6.Transfer 7.Nuclear Endorsement CGL Coverage A - CORRECT ANS Bodily Injury and Property Damage Insuring Agreement The 3 Conditions that define work as "completed" - CORRECT ANS 1.When all work called for in the contract is completed. 2.When all work to be done at the site has been completed if one contract calls for work at more than one site. 3.When that part of the work done at a job site has been put to its intended use by any person or organization other than another contractor or subcontractor. Occurance - CORRECT ANS An accident, including continuous or repeated exposure to substantially the same general harmful conditions. accident - CORRECT ANS Sudden, unexpected event The Difference between "Occurance" and "Claims Made" CGL Coverages - CORRECT ANS The Coverage Trigger: The Occurance Form applies to BI and PD regardless of any later time at which the claim is made. The Claims-Made Form applies only to BI and PD that occurs on or after the "RetroActive date"