Florida Public Adjuster State Test
Florida No-Fault Tort Exemption correct answers 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 answers 1.
Significant
and Permanent loss of bodily
function.
2.Permanent injury other than scarring and
disfigurement.
3.Significant and Permanent scarring or
disfigurement.
4.Deat
h
What does NFIP stand for? correct answers National Flood Insurance
Program
Form SR-22 correct answers Drivers Convicted of DUI or a traffic felony
over
3 yearstheareprior
required to have 100/300/50 coverage or a certificate of self
insurance of
$350,00
0.
Contents of a CGL Contract correct answers
1.Declarations
2.Common Form
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 answers 1.Named
Insured(including
address
)2.Policy
Period
3.Premiu
4.Limits of
m
Coverage
7 Common CGL Conditions correct answers 1.Cancellation(30 Days by
insurer
10 Daysoption,
By no
payment).
2.Change
s
3.Examination of
4.Inspections and
Books
Surveys
5.Premiu
ms
6.Transfe
r7.Nuclear
Endorsement
CGL Coverage A correct answers Bodily Injury and Property Damage
Insuring
Agreeme
nt
The 3 Conditions that define work as "completed" correct answers
1.When
called forallinwork
the contract is
completed.
, 2.When all work to be done at the site has been completed if one contract
calls
at for than
more work 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 answers An accident, including continuous or repeated
exposure to the same general harmful
substantially
conditions.
accident correct answers Sudden, unexpected
event
The Difference between "Occurance" and "Claims Made" CGL Coverages
correct
answers The Coverage
Trigger:
The Occurance Form applies to BI and PD regardless of any later time at
whichisthe
claim
made.
The Claims-Made Form applies only to BI and PD that occurs on or after -
the "Retro
Active
date"
Retro-Active Date correct answers The date on which the coverage
legally began.
Basic Extended Reporting Period for CGL correct answers 60 Days after
expiration
Why is the term "Coverage Trigger" misleading? correct answers Because it
intends
refer to to
the time period during which the insurance contract is
in effect.
Umbrella correct answers Covers Excessive
Liability
A Homeowners Policy consists of(3 components): correct answers
1.Declarations
2.One of 6 Homeowners
forms
3.Mandatory and optional
endorsements
If a unit is co-owned, May one co-owner be insured as the renter(HO-
4)? correct
answers
Yes
What are the two main divisions of a Home Owners Form? correct answers
Section I-
Propert
y
&
Section II-
Liability
4 Subsections of Section I of a Property Coverage Policy correct answers 1.
Coverages
2.Perils Insured
Against
3.Exclusion
4.Conditio
s
ns
Who determines how much HO-6 coverages a Condominium Owner
needs? correct
answers The
Association
Florida No-Fault Tort Exemption correct answers 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 answers 1.
Significant
and Permanent loss of bodily
function.
2.Permanent injury other than scarring and
disfigurement.
3.Significant and Permanent scarring or
disfigurement.
4.Deat
h
What does NFIP stand for? correct answers National Flood Insurance
Program
Form SR-22 correct answers Drivers Convicted of DUI or a traffic felony
over
3 yearstheareprior
required to have 100/300/50 coverage or a certificate of self
insurance of
$350,00
0.
Contents of a CGL Contract correct answers
1.Declarations
2.Common Form
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 answers 1.Named
Insured(including
address
)2.Policy
Period
3.Premiu
4.Limits of
m
Coverage
7 Common CGL Conditions correct answers 1.Cancellation(30 Days by
insurer
10 Daysoption,
By no
payment).
2.Change
s
3.Examination of
4.Inspections and
Books
Surveys
5.Premiu
ms
6.Transfe
r7.Nuclear
Endorsement
CGL Coverage A correct answers Bodily Injury and Property Damage
Insuring
Agreeme
nt
The 3 Conditions that define work as "completed" correct answers
1.When
called forallinwork
the contract is
completed.
, 2.When all work to be done at the site has been completed if one contract
calls
at for than
more work 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 answers An accident, including continuous or repeated
exposure to the same general harmful
substantially
conditions.
accident correct answers Sudden, unexpected
event
The Difference between "Occurance" and "Claims Made" CGL Coverages
correct
answers The Coverage
Trigger:
The Occurance Form applies to BI and PD regardless of any later time at
whichisthe
claim
made.
The Claims-Made Form applies only to BI and PD that occurs on or after -
the "Retro
Active
date"
Retro-Active Date correct answers The date on which the coverage
legally began.
Basic Extended Reporting Period for CGL correct answers 60 Days after
expiration
Why is the term "Coverage Trigger" misleading? correct answers Because it
intends
refer to to
the time period during which the insurance contract is
in effect.
Umbrella correct answers Covers Excessive
Liability
A Homeowners Policy consists of(3 components): correct answers
1.Declarations
2.One of 6 Homeowners
forms
3.Mandatory and optional
endorsements
If a unit is co-owned, May one co-owner be insured as the renter(HO-
4)? correct
answers
Yes
What are the two main divisions of a Home Owners Form? correct answers
Section I-
Propert
y
&
Section II-
Liability
4 Subsections of Section I of a Property Coverage Policy correct answers 1.
Coverages
2.Perils Insured
Against
3.Exclusion
4.Conditio
s
ns
Who determines how much HO-6 coverages a Condominium Owner
needs? correct
answers The
Association
