FLORIDA 3-20 PUBLIC ADJUSTER STATE LICENSE FINAL
EXAM NEWEST ACTUAL EXAM COMPLETE 100
QUESTIONS AND CORRECT DETAILED ANSWERS
Those who are eligible for coverage under the Florida Automobile Joint Underwriting Association
are? - ANSWER-Military Personnel
A non-resident owning an automobile in Florida
A non-resident subject to Florida no-fault law
A forcible entry into locked premises and the carrying away of the property of others is a definition
of: - ANSWER-Burglary
The inland marine coverage form that covers clothing, cameras and other portable property worn
and carried by tourists and travelers is a: - ANSWER-Personal effects floater
A residual market to alleviate the temporary unavailability of property insurance coverage in
significant portions of Florida (e.g. homeowners face non-renewal or cancellations) - ANSWER-
Residential Property & Casualty Joint Underwriting Association for property owners.
What does the property insurance term "improvements and betterment" apply to? - ANSWER-
Real Property
The penalty imposed upon a Florida licensee who violates a cease and desists order issued by the
CFO: - ANSWER-$50,000 Fine
What is amount is personal property used for business purposes, under a Homeowners policy
covered up to - ANSWER-up to $2500 on premises
up to $1500 off premises
If a replacement costs exists, but the insured has a policy for only 50% of the replacement cost, what
percentage will the insured received for the loss? - ANSWER-50% of the settlement amount
,A statement that is believed to be true when made, which my prove to be false. - ANSWER-
Representation
A statement that is guaranteed to be correct: - ANSWER-Warranty
When can an insured cancel his/her policy? - ANSWER-At any time.
In Florida, how many days in advance of a premium due date must an auto insurer provide notice of
renewal to an insured? - ANSWER-30 days written notice
What deductibles are subject to any aircraft physical damages that differ according to circumstances
surrounding a given loss? - ANSWER-In-flight Ded (greatest amount)
Not-in-Motion (least amount)
They apply independently based on the actual loss
Uninsured Motorist's Coverage form, the insured can request: - ANSWER-Non-stacked Coverage
Stacked Coverage
UM coverage at the limits lower than those that apply for liability coverage
If a mortgage is acknowledged in the policy and the insured concealed the fact that a hazard exists to
the insurance company, would the mortgage have a right to recover its full loan value? - ANSWER-
Yes
Under Florida Comparative Negligence law how much would one be able to recover if they were
found 25% at fault? - ANSWER-75% (the difference)
If a claimant is under the influence of drugs and/or alcohol and is found to be 50% or more at fault,
how much can they recover? - ANSWER-$0.00
A commercial property coverage part includes: - ANSWER-Common policy conditions
Commercial property declarations
One or more causes of loss forms
,When an insurance adjuster advises an insured to misrepresent the claim by suggesting how to
report a claim, the adjuster should be charged with: - ANSWER-Unfair Claims Act
The "outside premises" policy insuring agreement covers: - ANSWER-Loss of money and securities
and other property outside the premises.
The insurer cannot prevent a public adjuster from meeting with their client after: - ANSWER-the
insurer has been notified of the existence of a contract
DP-1 is basic Dwelling Coverage. What is the only water damaged covered under this form? -
ANSWER-Damage caused by water used to extinguish a fire
When a motor vehicle is sold, transported, or delivered to a salvage motor vehicle dealer, it must be
accompanied by: - ANSWER-Properly endorsed certificate of title
Salvage certificate of title
Vehicle certificate of destruction
What does the HO Policy Loss of Use cover? - ANSWER-ALE
An equipment dealers coverage form is designed to provide insurance on - ANSWER-Equipment
owned by the insured
Equipment in the insured's custody for servicing or storage
Equipment entrusted to the insured dealer for sale
What is not included in the calculations for replacement cost coverage? - ANSWER-(Hidden Items)
Underground pipes
Flues
Wiring
Drains
When is a public adjuster in Florida not Permitted to Solicit an insured or claimant? - ANSWER-
Sunday
, What are the allowed hours for a public adjuster to solicit services? - ANSWER-8am - 8pm M-Sat
When can coverage under the National Flood Insurance Program be written? - ANSWER-Only with
participating communities
In order to be a participating community with NFIP, which guidelines must be accepted? - ANSWER-
FEMA
Under a dwelling (DP-2 or DP-3) policy, what is the maximum % that would be paid for ALE? -
ANSWER-20%
What is the limit of insurance that applies to property in transit in the BOP? - ANSWER-$10,000
With admitted aircraft liability, what is not considered a factor? - ANSWER-Negligence
An inland marine coverage which covers the insured's merchandise held for sale, such property that
is sold but not delivered, customers property in the care and custody of the insured, and property
being transported to or from the insured is a: - ANSWER-Dealers Form
What contains the basic policy conditions that apply to many controlled inland marine coverage? -
ANSWER-Commercial Inland Marine Condition Form
Under HO-3, materials and supplies to be used in the construction, alteration or repair of the
structure and kept next to the residence premises are covered only: - ANSWER-If they are lost due to
an insured peril.
What percentage is a HO-3, the limit for Coverage C - Personal Property for a one or two family
dwelling set at? - ANSWER-50% of Coverage A unless higher limit is requested
Personal Property - Coverage C is set at 50% for which Policy types? - ANSWER-HO-2
HO-3
HO-5
EXAM NEWEST ACTUAL EXAM COMPLETE 100
QUESTIONS AND CORRECT DETAILED ANSWERS
Those who are eligible for coverage under the Florida Automobile Joint Underwriting Association
are? - ANSWER-Military Personnel
A non-resident owning an automobile in Florida
A non-resident subject to Florida no-fault law
A forcible entry into locked premises and the carrying away of the property of others is a definition
of: - ANSWER-Burglary
The inland marine coverage form that covers clothing, cameras and other portable property worn
and carried by tourists and travelers is a: - ANSWER-Personal effects floater
A residual market to alleviate the temporary unavailability of property insurance coverage in
significant portions of Florida (e.g. homeowners face non-renewal or cancellations) - ANSWER-
Residential Property & Casualty Joint Underwriting Association for property owners.
What does the property insurance term "improvements and betterment" apply to? - ANSWER-
Real Property
The penalty imposed upon a Florida licensee who violates a cease and desists order issued by the
CFO: - ANSWER-$50,000 Fine
What is amount is personal property used for business purposes, under a Homeowners policy
covered up to - ANSWER-up to $2500 on premises
up to $1500 off premises
If a replacement costs exists, but the insured has a policy for only 50% of the replacement cost, what
percentage will the insured received for the loss? - ANSWER-50% of the settlement amount
,A statement that is believed to be true when made, which my prove to be false. - ANSWER-
Representation
A statement that is guaranteed to be correct: - ANSWER-Warranty
When can an insured cancel his/her policy? - ANSWER-At any time.
In Florida, how many days in advance of a premium due date must an auto insurer provide notice of
renewal to an insured? - ANSWER-30 days written notice
What deductibles are subject to any aircraft physical damages that differ according to circumstances
surrounding a given loss? - ANSWER-In-flight Ded (greatest amount)
Not-in-Motion (least amount)
They apply independently based on the actual loss
Uninsured Motorist's Coverage form, the insured can request: - ANSWER-Non-stacked Coverage
Stacked Coverage
UM coverage at the limits lower than those that apply for liability coverage
If a mortgage is acknowledged in the policy and the insured concealed the fact that a hazard exists to
the insurance company, would the mortgage have a right to recover its full loan value? - ANSWER-
Yes
Under Florida Comparative Negligence law how much would one be able to recover if they were
found 25% at fault? - ANSWER-75% (the difference)
If a claimant is under the influence of drugs and/or alcohol and is found to be 50% or more at fault,
how much can they recover? - ANSWER-$0.00
A commercial property coverage part includes: - ANSWER-Common policy conditions
Commercial property declarations
One or more causes of loss forms
,When an insurance adjuster advises an insured to misrepresent the claim by suggesting how to
report a claim, the adjuster should be charged with: - ANSWER-Unfair Claims Act
The "outside premises" policy insuring agreement covers: - ANSWER-Loss of money and securities
and other property outside the premises.
The insurer cannot prevent a public adjuster from meeting with their client after: - ANSWER-the
insurer has been notified of the existence of a contract
DP-1 is basic Dwelling Coverage. What is the only water damaged covered under this form? -
ANSWER-Damage caused by water used to extinguish a fire
When a motor vehicle is sold, transported, or delivered to a salvage motor vehicle dealer, it must be
accompanied by: - ANSWER-Properly endorsed certificate of title
Salvage certificate of title
Vehicle certificate of destruction
What does the HO Policy Loss of Use cover? - ANSWER-ALE
An equipment dealers coverage form is designed to provide insurance on - ANSWER-Equipment
owned by the insured
Equipment in the insured's custody for servicing or storage
Equipment entrusted to the insured dealer for sale
What is not included in the calculations for replacement cost coverage? - ANSWER-(Hidden Items)
Underground pipes
Flues
Wiring
Drains
When is a public adjuster in Florida not Permitted to Solicit an insured or claimant? - ANSWER-
Sunday
, What are the allowed hours for a public adjuster to solicit services? - ANSWER-8am - 8pm M-Sat
When can coverage under the National Flood Insurance Program be written? - ANSWER-Only with
participating communities
In order to be a participating community with NFIP, which guidelines must be accepted? - ANSWER-
FEMA
Under a dwelling (DP-2 or DP-3) policy, what is the maximum % that would be paid for ALE? -
ANSWER-20%
What is the limit of insurance that applies to property in transit in the BOP? - ANSWER-$10,000
With admitted aircraft liability, what is not considered a factor? - ANSWER-Negligence
An inland marine coverage which covers the insured's merchandise held for sale, such property that
is sold but not delivered, customers property in the care and custody of the insured, and property
being transported to or from the insured is a: - ANSWER-Dealers Form
What contains the basic policy conditions that apply to many controlled inland marine coverage? -
ANSWER-Commercial Inland Marine Condition Form
Under HO-3, materials and supplies to be used in the construction, alteration or repair of the
structure and kept next to the residence premises are covered only: - ANSWER-If they are lost due to
an insured peril.
What percentage is a HO-3, the limit for Coverage C - Personal Property for a one or two family
dwelling set at? - ANSWER-50% of Coverage A unless higher limit is requested
Personal Property - Coverage C is set at 50% for which Policy types? - ANSWER-HO-2
HO-3
HO-5
