Florida Adjuster Exam with perfect answers 2024

Which of the following is NOT one of the duties of the Department of Financial Services? b. Dept does NOT set rates nor write policies correct answersSet rates and write policies for various company products The adjuster has a particular relationship to his principal, the insurer. Which of the following best describes this relationship? correct answersIt is a fiduciary relationship. The Claims Adjuster's role in the insurance industry includes all the following EXCEPT: correct answersGives appropriate legal advice and writes binding contracts All of the following activities are illegal for an adjuster, EXCEPT: correct answersUse only company forms to prepare releases All of the following are part of the conditions imposed upon the insured in the event of a loss, EXCEPT: correct answersInsured should negotiate on behalf of the company for 3rd party claimants. A claimant was given a settlement, which stipulated, that if the claimant did not contact the company within a certain period of time, the claim would automatically close. No release was signed. Which of the following best describes this method of settlement? correct answersNo release or walk-away The Continuing Education requirement to maintain an Adjuster license in Florida is: correct answersTwenty four hours every two years. An adjuster received written notice from the Department of Financial Services regarding a claim. What length of time does he have to respond to the inquiry? correct answers21 calendar days Comparative negligence is determined through correct answersInvestigation & AnalysisAgreement between parties or by mediation or arbitrationJudge and/or jury During what period of time must an adjuster reply to communication from a policyholder on a claim? correct answers14 days Which of the following is NOT a goal in the adjusting process? correct answersalways pay the maximum limit of the policy An adjuster offered a claimant a settlement where the full payment would be presented and a release was signed. This is called a: correct answersA Full Release settlement