Florida Test Study Guide - Public Adjusting 3-20 (Set 1) Questions And ANSWERS.

Florida Test Study Guide - Public Adjusting 3-20 (Set
1) Questions And ANSWERS




Those who are eligible for coverage under the Florida Automobile Joint Underwriting Association are? -
yi yi yi yi yi yi yi yi yi yi yi yi yi yi




(correct answer) -Military Personnel
yi yi yi yi yi




A non-resident owning an automobile in Florida
yi yi yi yi yi yi




A non-resident subject to Florida no-fault law
yi yi yi yi yi yi




A forcible entry into locked premises and the carrying away of the property of others is a definition of: -
yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi




(correct answer) -Burglary
yi yi yi




The inland marine coverage form that covers clothing, cameras and other portable property worn and
yi yi yi yi yi yi yi yi yi yi yi yi yi yi




carried by tourists and travelers is a: - (correct answer) -Personal effects floater
yi yi yi yi yi yi yi yi yi yi yi yi yi




A residual market to alleviate the temporary unavailability of property insurance coverage in significant
yi yi yi yi yi yi yi yi yi yi yi yi yi




portions of Florida (e.g. homeowners face non-renewal or cancellations) - (correct answer) -Residential
yi yi yi yi yi yi yi yi yi yi yi yi yi




Property & Casualty Joint Underwriting Association for property owners.
yi yi yi yi yi yi yi yi yi




What does the property insurance term "improvements and betterment" apply to? - (correct answer) -
yi yi yi yi yi yi yi yi yi yi yi yi yi yi




Real Property yi




The penalty imposed upon a Florida licensee who violates a cease and desists order issued by the CFO: -
yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi




(correct answer) -$50,000 Fine
yi yi yi yi




What is amount is personal property used for business purposes, under a Homeowners policy covered
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up to - (correct answer) -up to $2500 on premises
yi yi yi yi yi yi yi yi yi yi

, up to $1500 off premises
yi yi yi yi




If a replacement costs exists, but the insured has a policy for only 50% of the replacement cost, what
yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi




percentage will the insured received for the loss? - (correct answer) -50% of the settlement amount
yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi




A statement that is believed to be true when made, which my prove to be false. - (correct answer) -
yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi




Representation



A statement that is guaranteed to be correct: - (correct answer) -Warranty
yi yi yi yi yi yi yi yi yi yi yi




When can an insured cancel his/her policy? - (correct answer) -At any time.
yi yi yi yi yi yi yi yi yi yi yi yi




In Florida, how many days in advance of a premium due date must an auto insurer provide notice of
yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi




renewal to an insured? - (correct answer) -30 days written notice
yi yi yi yi yi yi yi yi yi yi yi




What deductibles are subject to any aircraft physical damages that differ according to circumstances
yi yi yi yi yi yi yi yi yi yi yi yi yi




surrounding a given loss? - (correct answer) -In-flight Ded (greatest amount)
yi yi yi yi yi yi yi yi yi yi yi




Not-in-Motion (least amount) yi yi




They apply independently based on the actual loss
yi yi yi yi yi yi yi




Uninsured Motorist's Coverage form, the insured can request: - (correct answer) -Non-stacked
yi yi yi yi yi yi yi yi yi yi yi




Coverage
yi




Stacked Coverage yi




UM coverage at the limits lower than those that apply for liability coverage
yi yi yi yi yi yi yi yi yi yi yi yi




If a mortgage is acknowledged in the policy and the insured concealed the fact that a hazard exists to
yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi




the insurance company, would the mortgage have a right to recover its full loan value? - (correct
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answer) -Yes
yi yi