FLORIDA CLAIMS ADJUSTER EXAM | 206
QUESTIONS WITH 100% CORRECT ANSWERS
Frank bowned ba bhome bthat bwas bdestroyed bby ba bhurricane. bBoth bABC band bXYZ
bBanks bwere blisted bas badditional binterests bon bhis bhomeowner bpolicy. bThe
binsurance bcompany bwill bmake ba bpayment bto: b
A. bThe bfirst bmortgagee, bABC
B. bThe bInsured
C. bJointly bto bABC band bXYZ
D. bAll blisted binterests b- banswerD. bAll blisted binterests
Remember bthat bthe binsurer bis bnot bresponsible bto bknow bthe bdegrees bof binterest. bIn
bthe bevent bof ba bloss, bone bpayment bis bmade bby bthe binsurer band bit bis bup bto bthe
badditional binterests bon bworking bout btheir bshare.
Insurance bapplies bseparately bto beach binsured bas bif bother binsureds bdid bnot bexist.
bThis bis bdefined bas:
A. bSeverability
B. bConditional
C. bWarranty
D. bNone bof bthe babove b- banswerA. bSeverability
Property binsurance bpolicies busually bcontain ba(n) b__________ bclause, bstating bthe
binsured bcannot bdump bdamaged bproperty bon bthe binsurer band bdemand bits bfull
bvalue:
A. bPro bRata
B. bAbandonment
C. bLiberalization
D. bAll bof bthe babove b- banswerB. bAbandonment
A(n) b__________ bis bone bwherein beconomic bloss bwould bbe bsuffered bfrom ban
badverse bhappening bto bthe bsubject:
A. bConditional bContract
B. bPersonal bContract
C. bEconomic bContract
D. bInsurable bInterest b- banswerD. bInsurable bInterest
States bthat bif bthe binsurer badopts ba brevision bwhich bwould bbroaden bcoverage
bwithout badditional bpremium bwithin bsome bperiod bof btime bprior bto bthe bpolicy bperiod
bor bduring bthe bpolicy bperiod, bthe binsured breceives bthe bbenefit bof bsuch bbroadened
bcoverage.
A. bCancellation bClause
B. bPolicy bPeriod
C. bPro bRata
,D. bLiberalization b- banswerD. bLiberalization
The btime bframe bis btypically b60 bdays.
The b__________ bstates bthat bwhen bthere bis ban bunbroken bconnection bbetween ban
boccurrence band bdamage bthat bgrows bout bof bthe boccurrence, bthen bthe bresultant
bdamage bis ball ba bpart bof bthe boccurrence.
A. bDoctrine bof bProximate bCause
B. bDoctrine bof bPerils b& bHazards
C. bInsurance bPolicy bHandbook
D. bDoctrine bof bProperty bInsurance b- banswerA. bDoctrine bof bProximate bCause
For bexample, bif ba bproperty binsurance bpolicy bcovers bthe bperil bof bfire bbut bfurther
bdamage bis bcaused bby bsmoke, bwater bused bto bextinguish, band bthe bprocess bof
bmoving bproperty baway b- bfire bis bconsidered bto bbe bthe b*proximate bcause* bof ball bof
bthe bdamage.
The bLoss bSettlement bValuation bthat bsubtracts ban ballowance bfor bdepreciation bis
bdefined bas?
A. bActual bCash bValue
B. bReplacement bCost
C. b"Old bfor bNew"
D. bNone bof bthe bAbove b- banswerA. bActual bCash bValue
A bpolicy bcondition, beither bbased bon binformation bin bthe binsured's bapplication bor
binserted bby bthe binsurer, bis bdefined bas:
A. bWarranty
B. bMisrepresentation
C. bConcealment
D. bNone bof bthe bAbove b- banswerA. bWarranty
The bfollowing bare bbasic bcharacteristics bof ba bproperty bor bliability binsurance
bcontract, bexcept:
A. bPersonal bContract
B. bConditional bContract
C. bLoss bof bSettlement bContract
D. bContract bof bAdhesion b- banswerC. bLoss bof bSettlement bContract
The bInsurer's bresponsibility bto bpay bfor ba bproperty bloss bmay bbe bconditioned bon bthe
binsured bhaving bused breasonable bmeans bto bavoid bthe bloss, bto bprotect bthe
bproperty bagainst bfurther bloss, band bto bgive bthe binsurer bproof bof bthe bloss bis
bdefined bas?
A. bConditional bContract
B. bAdhesion bContract
C. bIndemnity bContract
D. bAll bof bthe bAbove b- banswerA. bConditional bContract
"may bbe bconditioned"
,Which bof bthe bfollowing bis bnot bone bof bthe b"Thresholds" bin bthe b"No-Fault" blaw?
A. bDeath bof bthe bInsured
B. bTemporary bInjury bof bthe bInsured
C. bA bpermanent bloss bof ba bbodily bfunction
D. bPermanent bscarring bon bthe bface bof bthe binsured b- banswerB. bTemporary bInjury
bof bthe bInsured
Also bincluded: bpermanent binjury bother bthan bscarring band bdisfigurement
Under bMechanical bBreakdown bCoverage, bnew bcars bare beligible bfor bservice bup bto:
A. b36 bMonths/36,000 bMiles
B. b24 bMonths/36,000 bMiles
C. b12,000 bMonths/12,000 bMiles
D. b12 bMonths/36,000 bMiles b- banswerA. b36 bMonths/36,000 bMiles
Used bvehicles: b12 bMonths/12,000 bMiles
If bfinancial bresponsibility bdoesn't bexist bat bthe btime bof ban baccident, bwhich bof bthe
bfollowing bthings bmust bhappen bto bavoid bpenalties?
A. bThe blegally bvalid bclaims bof bothers bmust bbe bsatisfied b(up bto b10/20/10)
B. bThe bowner band boperator bmust bprovide bcertification bof bfuture bresponsibility bfor
bfuture baccidents
C. bBoth bA b& bB
D. bNone bof bthe bAbove b- banswerC. bBoth bA b& bB
As bto brequired bproof bfor bfuture baccidents bby bpurchase bof bauto bliability binsurance,
bthe binsurer bmust bmake ba bfiling b(Form bSR-22) bcertifying bthat bcoverage bis bin
beffect, band bthis bcertification bmust bremain bon bfile bfor b__________ byears: b
A. b1
B. b3
C. b4
D. b2 b- banswerB. b3
The bBusiness bAutomobile bPolicy bincludes ball bof bthe bfollowing bcoverage bforms
bexcept:
A. bThe bGarage bCoverage bForm
B. bThe bTrailer bInterchange bCoverage bForm
C. bThe bTruckers bCoverage bForm
D. bThe bBusiness bAuto bCoverage bForm b- banswerB. bThe bTrailer bInterchange
bCoverage bForm
Personal bInjury bProtection, bor bPIP, bhas ba b__________ bper bperson, bper baccident
blimit.
A. b10,000
B. b20,000
C. b1,000
D. bDepends bon bthe bdamaged bproperty b- banswerA. b10,000
, Used bto binsure bbusinesses bengaged bin bselling, bservicing, brepairing, bparking bor
bstoring bautomobiles:
A. bServicing bCoverage bForm
B. bGarage bCoverage bForm
C. bTruckers bCoverage bForm
D. bNone bof bthe bAbove b- banswerB. bGarage bCoverage bForm
The bfollowing bexamples bare breferred bto bas b__________ bliability blimits: b25/50/25 bor
b10/20/10.
A. bSplit
B. bSingle
C. bStraight
D. bNone bof bthe bAbove b- banswerA. bSplit
10/20/10 b= b
10,000 bper bperson binjured
20,000 ball binjuries bcombined
10,000 bproperty bdamage
Example bof bstraight bliability blimit b= b$30,000
Jeremy bhas ba bnot bat bfault baccident. bIf bhe bhas bPIP bwith ba b$1,000 bdeductible, bhow
bmuch bcan bhe bexpect bhis bPIP bcoverage bto bpay btoward bhis bmedical bbills bthat btotal
b$3,000?
A. b$1,600
B. b$1,000
C. b$2,400
D. b$3,000 b- banswerA. b$1,600
3000 b(bills) b- b1000 b(deductible) b= b
2000 bx b.80 b(eighty bpercent)
Frank bhas ba bnot-at-fault baccident, bhe bhas bbasic bPIP, bno bdeductible band bMed bpay
bof b$5,000. bHow bmuch bwill bhis bMed bPay bcontribute bto bmedical bbills bof b$15,000?
A. b$15,000
B. b$5,000
C. b$3,000
D. b$0, bFrank bis bnot-at-fault b- banswerB. b$5,000
Medical bPayment blimits bapply bper bperson; bFrank bwill breceive bfull bamount btowards
bmedical bbills.
Which bof bthe bfollowing bis bnot bone bof bthe brating bfactors bfor ba bHomeowner's
bPolicy?
A. bType bof bConstruction
B. bLocation bof bRisk
C. bAge b& bGender bof bInsured
D. bProximity bto bFire bDepartment b- banswerC. bAge b& bGender bof bInsured
QUESTIONS WITH 100% CORRECT ANSWERS
Frank bowned ba bhome bthat bwas bdestroyed bby ba bhurricane. bBoth bABC band bXYZ
bBanks bwere blisted bas badditional binterests bon bhis bhomeowner bpolicy. bThe
binsurance bcompany bwill bmake ba bpayment bto: b
A. bThe bfirst bmortgagee, bABC
B. bThe bInsured
C. bJointly bto bABC band bXYZ
D. bAll blisted binterests b- banswerD. bAll blisted binterests
Remember bthat bthe binsurer bis bnot bresponsible bto bknow bthe bdegrees bof binterest. bIn
bthe bevent bof ba bloss, bone bpayment bis bmade bby bthe binsurer band bit bis bup bto bthe
badditional binterests bon bworking bout btheir bshare.
Insurance bapplies bseparately bto beach binsured bas bif bother binsureds bdid bnot bexist.
bThis bis bdefined bas:
A. bSeverability
B. bConditional
C. bWarranty
D. bNone bof bthe babove b- banswerA. bSeverability
Property binsurance bpolicies busually bcontain ba(n) b__________ bclause, bstating bthe
binsured bcannot bdump bdamaged bproperty bon bthe binsurer band bdemand bits bfull
bvalue:
A. bPro bRata
B. bAbandonment
C. bLiberalization
D. bAll bof bthe babove b- banswerB. bAbandonment
A(n) b__________ bis bone bwherein beconomic bloss bwould bbe bsuffered bfrom ban
badverse bhappening bto bthe bsubject:
A. bConditional bContract
B. bPersonal bContract
C. bEconomic bContract
D. bInsurable bInterest b- banswerD. bInsurable bInterest
States bthat bif bthe binsurer badopts ba brevision bwhich bwould bbroaden bcoverage
bwithout badditional bpremium bwithin bsome bperiod bof btime bprior bto bthe bpolicy bperiod
bor bduring bthe bpolicy bperiod, bthe binsured breceives bthe bbenefit bof bsuch bbroadened
bcoverage.
A. bCancellation bClause
B. bPolicy bPeriod
C. bPro bRata
,D. bLiberalization b- banswerD. bLiberalization
The btime bframe bis btypically b60 bdays.
The b__________ bstates bthat bwhen bthere bis ban bunbroken bconnection bbetween ban
boccurrence band bdamage bthat bgrows bout bof bthe boccurrence, bthen bthe bresultant
bdamage bis ball ba bpart bof bthe boccurrence.
A. bDoctrine bof bProximate bCause
B. bDoctrine bof bPerils b& bHazards
C. bInsurance bPolicy bHandbook
D. bDoctrine bof bProperty bInsurance b- banswerA. bDoctrine bof bProximate bCause
For bexample, bif ba bproperty binsurance bpolicy bcovers bthe bperil bof bfire bbut bfurther
bdamage bis bcaused bby bsmoke, bwater bused bto bextinguish, band bthe bprocess bof
bmoving bproperty baway b- bfire bis bconsidered bto bbe bthe b*proximate bcause* bof ball bof
bthe bdamage.
The bLoss bSettlement bValuation bthat bsubtracts ban ballowance bfor bdepreciation bis
bdefined bas?
A. bActual bCash bValue
B. bReplacement bCost
C. b"Old bfor bNew"
D. bNone bof bthe bAbove b- banswerA. bActual bCash bValue
A bpolicy bcondition, beither bbased bon binformation bin bthe binsured's bapplication bor
binserted bby bthe binsurer, bis bdefined bas:
A. bWarranty
B. bMisrepresentation
C. bConcealment
D. bNone bof bthe bAbove b- banswerA. bWarranty
The bfollowing bare bbasic bcharacteristics bof ba bproperty bor bliability binsurance
bcontract, bexcept:
A. bPersonal bContract
B. bConditional bContract
C. bLoss bof bSettlement bContract
D. bContract bof bAdhesion b- banswerC. bLoss bof bSettlement bContract
The bInsurer's bresponsibility bto bpay bfor ba bproperty bloss bmay bbe bconditioned bon bthe
binsured bhaving bused breasonable bmeans bto bavoid bthe bloss, bto bprotect bthe
bproperty bagainst bfurther bloss, band bto bgive bthe binsurer bproof bof bthe bloss bis
bdefined bas?
A. bConditional bContract
B. bAdhesion bContract
C. bIndemnity bContract
D. bAll bof bthe bAbove b- banswerA. bConditional bContract
"may bbe bconditioned"
,Which bof bthe bfollowing bis bnot bone bof bthe b"Thresholds" bin bthe b"No-Fault" blaw?
A. bDeath bof bthe bInsured
B. bTemporary bInjury bof bthe bInsured
C. bA bpermanent bloss bof ba bbodily bfunction
D. bPermanent bscarring bon bthe bface bof bthe binsured b- banswerB. bTemporary bInjury
bof bthe bInsured
Also bincluded: bpermanent binjury bother bthan bscarring band bdisfigurement
Under bMechanical bBreakdown bCoverage, bnew bcars bare beligible bfor bservice bup bto:
A. b36 bMonths/36,000 bMiles
B. b24 bMonths/36,000 bMiles
C. b12,000 bMonths/12,000 bMiles
D. b12 bMonths/36,000 bMiles b- banswerA. b36 bMonths/36,000 bMiles
Used bvehicles: b12 bMonths/12,000 bMiles
If bfinancial bresponsibility bdoesn't bexist bat bthe btime bof ban baccident, bwhich bof bthe
bfollowing bthings bmust bhappen bto bavoid bpenalties?
A. bThe blegally bvalid bclaims bof bothers bmust bbe bsatisfied b(up bto b10/20/10)
B. bThe bowner band boperator bmust bprovide bcertification bof bfuture bresponsibility bfor
bfuture baccidents
C. bBoth bA b& bB
D. bNone bof bthe bAbove b- banswerC. bBoth bA b& bB
As bto brequired bproof bfor bfuture baccidents bby bpurchase bof bauto bliability binsurance,
bthe binsurer bmust bmake ba bfiling b(Form bSR-22) bcertifying bthat bcoverage bis bin
beffect, band bthis bcertification bmust bremain bon bfile bfor b__________ byears: b
A. b1
B. b3
C. b4
D. b2 b- banswerB. b3
The bBusiness bAutomobile bPolicy bincludes ball bof bthe bfollowing bcoverage bforms
bexcept:
A. bThe bGarage bCoverage bForm
B. bThe bTrailer bInterchange bCoverage bForm
C. bThe bTruckers bCoverage bForm
D. bThe bBusiness bAuto bCoverage bForm b- banswerB. bThe bTrailer bInterchange
bCoverage bForm
Personal bInjury bProtection, bor bPIP, bhas ba b__________ bper bperson, bper baccident
blimit.
A. b10,000
B. b20,000
C. b1,000
D. bDepends bon bthe bdamaged bproperty b- banswerA. b10,000
, Used bto binsure bbusinesses bengaged bin bselling, bservicing, brepairing, bparking bor
bstoring bautomobiles:
A. bServicing bCoverage bForm
B. bGarage bCoverage bForm
C. bTruckers bCoverage bForm
D. bNone bof bthe bAbove b- banswerB. bGarage bCoverage bForm
The bfollowing bexamples bare breferred bto bas b__________ bliability blimits: b25/50/25 bor
b10/20/10.
A. bSplit
B. bSingle
C. bStraight
D. bNone bof bthe bAbove b- banswerA. bSplit
10/20/10 b= b
10,000 bper bperson binjured
20,000 ball binjuries bcombined
10,000 bproperty bdamage
Example bof bstraight bliability blimit b= b$30,000
Jeremy bhas ba bnot bat bfault baccident. bIf bhe bhas bPIP bwith ba b$1,000 bdeductible, bhow
bmuch bcan bhe bexpect bhis bPIP bcoverage bto bpay btoward bhis bmedical bbills bthat btotal
b$3,000?
A. b$1,600
B. b$1,000
C. b$2,400
D. b$3,000 b- banswerA. b$1,600
3000 b(bills) b- b1000 b(deductible) b= b
2000 bx b.80 b(eighty bpercent)
Frank bhas ba bnot-at-fault baccident, bhe bhas bbasic bPIP, bno bdeductible band bMed bpay
bof b$5,000. bHow bmuch bwill bhis bMed bPay bcontribute bto bmedical bbills bof b$15,000?
A. b$15,000
B. b$5,000
C. b$3,000
D. b$0, bFrank bis bnot-at-fault b- banswerB. b$5,000
Medical bPayment blimits bapply bper bperson; bFrank bwill breceive bfull bamount btowards
bmedical bbills.
Which bof bthe bfollowing bis bnot bone bof bthe brating bfactors bfor ba bHomeowner's
bPolicy?
A. bType bof bConstruction
B. bLocation bof bRisk
C. bAge b& bGender bof bInsured
D. bProximity bto bFire bDepartment b- banswerC. bAge b& bGender bof bInsured
