Florida Public Adjuster State Test |Graded A+|

Florida Public Adjuster State Test |Graded A+| 2 Types of Tort Liability *Ans*1.Negligent Liability(Unintentional) 2.Strict Liability(Intentional) 3 Basic Claims Handling activities? *Ans*1. Investigate 2.Evaluate 3.Negotiate 3 Types of Adjusters *Ans*1.Staff Adjusters 2.Fee Adjusters A.Independent Adjusters B.Bureau Adjusters 3.Public Adjusters 4 Elements of a Valid Contract? *Ans*1.A manifestation of assent to its terms by parties who make the contract. 2.A sufficient consideration (value or payment) for each promise. 3.Legal Capacity of the parties to contract. 4.Legal Subject matter. 4 Elements of an Insurance Contract *Ans*D.I.C.E. 1.Declarations Insuring Agreement 3.Exclusions 4.Conditions 4 Examples of "Other Structures" Per Coverage B of a Homeowner's policy(book gives 5) *Ans*1.Detached Garage. 2.Guest House. 3.Fence 4.Tennis Court 5.Storage Building 4 Exceptions to Tort Exemption(Threshold of No-Fault) *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 4 Subsections of Section I of a Property Coverage Policy *Ans*1. Coverages 2.Perils Insured Against 3.Exclusions 4.Conditions 5 Practices that the Insured are protected from under the "Florida Unfair Insurance Trade Practices Act." *Ans*ng to act promptly ng claims without reasonable investigation re to affirm or deny a claim when an insured is entitled thereto re to explain claim denials in writing re to maintain complaint-handling procedures, such as keeping accurate records of complaints. 5 Questions to establish the contract coverage *Ans*1.Did a covered Peril Occur? 2.When? 3.Were there more than one? 4.Which one was the proximate cause? 5.Was there a mix of covered and uncovered losses? 5 Technical Expertise for a successful negotiation *Ans*1.The Insurance Contract 2.Reparable from replacement requiring damages. 3.Law 4.Insurer's goals 5.Computer Estimating Systems being utilized by the insurance industry. 5 Ways to appraise damages *Ans*1.Survey and Estimate of Determination 2.Acceptance of Cost or Quality shown by records. 3.Actual repair or replacement 4.Sale of Salvage 5.Appraisal(after 2 parties have failed to agree). 6 Responsibilities of the Public Adjuster *Ans*1.Evaluate 2.Substantiate 3.Determine values 4.Negotiate 5.Recommend(upgraded insurance) 6.Re-Open Claims 6 Rights of the Insured *Ans*1. Acknowledgement in 14 Days 2. Approval or denial in 30 Days 3. Full payment as applicable in 90 Days 4.Free Mediation 5.a neutral evaluation of a sinkhole claim 6.Availability of assistance from the department of consumer services 626.8796 *Ans*Public Adjuster Fraud Statement 627.7011 *Ans*Statute that requires that when Property Insured for replacement cost is deemed a total loss, the full replacement cost without reservation or holdback of depreciation must be paid. 7 Common CGL Conditions *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 7 Ethics to the code of Ethics *Ans*1. No negotiating with an attorney's client. 2. No misleading in any way. 3.No legal advice 4.No special releases, fill in the blanks only 5.No exploiting incapacitated clients 6.Advise the client of rights under the contract and by the state. 7.Act with no bias. 7 Settlement and Release Options *Ans*1.Full release Settlement 2.Open Ended Release 3.Payment of PD, BI pending 4.No Release 5.Advanced Payment 6.Structured Settlement 7.Rehabilitation, including provisions for rehabilitative treatment of the cl