FLORIDA ADJUSTER LICENSING PRACTICE EXAM
QUESTIONS WITH ACCURATE ANSWERS
A claim in the property/casualty industry Is defined as: Accurate
Answer - an assertion of an alleged legal right against a person, entity,
company or insurer that carries with it a demand for money as
compensation for injuries or damages
when you purchase insurance, you are buying: Accurate Answer -
peace of mind that if an insured event does occur, that the insurance
company will keep its promise and provide the financial protection that
you purchased
in today's society, the most important factor in the purchase of insurance
is: Accurate Answer - trust
One of the most important claim handling goals of an insurance company
is: Accurate Answer - to help those who have been injured or who
have suffered loss for which the insured is responsible, while at the same
time minimizing loss for the insured party and carrier
what is the primary difference between a company employee adjuster and
an independent adjuster Accurate Answer - a company employee
adjuster works for an insurance company and an independent adjuster
works independently for themselves or for adjusting firms who represent
many clients
an adjuster's responsibility as a fiduciary means: Accurate Answer -
the adjuster represents, and controls, the property and financial interests
of the client to whom he/she owes a high degree of loyalty and good faith
the basic and primary functions of an adjuster are: Accurate Answer
- investigating, evaluating, reporting, negotiating and disposing of claims
once an adjuster is licensed, he or she must maintain a continuing
education requirement. What is that adjuster's compliance requirement in
order to retain a license? Accurate Answer - an adjuster must
complete 24 hours of continuing education in every 2 year compliance
QUESTIONS WITH ACCURATE ANSWERS
A claim in the property/casualty industry Is defined as: Accurate
Answer - an assertion of an alleged legal right against a person, entity,
company or insurer that carries with it a demand for money as
compensation for injuries or damages
when you purchase insurance, you are buying: Accurate Answer -
peace of mind that if an insured event does occur, that the insurance
company will keep its promise and provide the financial protection that
you purchased
in today's society, the most important factor in the purchase of insurance
is: Accurate Answer - trust
One of the most important claim handling goals of an insurance company
is: Accurate Answer - to help those who have been injured or who
have suffered loss for which the insured is responsible, while at the same
time minimizing loss for the insured party and carrier
what is the primary difference between a company employee adjuster and
an independent adjuster Accurate Answer - a company employee
adjuster works for an insurance company and an independent adjuster
works independently for themselves or for adjusting firms who represent
many clients
an adjuster's responsibility as a fiduciary means: Accurate Answer -
the adjuster represents, and controls, the property and financial interests
of the client to whom he/she owes a high degree of loyalty and good faith
the basic and primary functions of an adjuster are: Accurate Answer
- investigating, evaluating, reporting, negotiating and disposing of claims
once an adjuster is licensed, he or she must maintain a continuing
education requirement. What is that adjuster's compliance requirement in
order to retain a license? Accurate Answer - an adjuster must
complete 24 hours of continuing education in every 2 year compliance
