Florida 3-20 Public Adjusters State Exam
(Set 1)Questions With Correct Answers
The binsurer band binsured bagree bto ba bspecific bvalue bof binsured bitem b- bcorrect
banswers✔✔Agreed bValue bPolicies
Someone bwho bhas bcare, bcustody bor bcontrol bof banother's bproperty b- bcorrect
banswers✔✔Bailee
Claim bfiled bby bpolicy bholder bagainst bhis b_ b- bcorrect banswers✔✔First bParty bClaim
When ba bperson bwho bentrusts banother bwith ban bobject band bit bresults bin binjury bto
bsomeone bcan bbe bheld bliable bfor bthe binjury bto bsomeone. bCan bbe bheld bliable bfor
bthe binjury bi.e. bFirearm bor bDWI b- bcorrect banswers✔✔Negligent bEntrustment
Hazard bthat bresults bfrom ba bconscious bdecision bmade bby ban binsured bto bparticipate
bin ba bmanner bor bbehavior bmore blikely bto bresult bin ba bloss bbecause bthey bhave
binsurance b- bcorrect banswers✔✔Moral bHazard
Used bto bprovide btemporary binsurance bcoverage buntil ban binsurance bpolicy bcan bbe
bwritten b- bcorrect banswers✔✔Binder
Required bby blenders bto bguarantee bthat boutstanding bloans bagainst ba bjob bare bpaid
bupon bcompletion b- bcorrect banswers✔✔Completion bBonds
The bsection bof ban binsurance bpolicy bidentifying bthe binsured, bendorsements,
bcoverages, blimits, band bpremiums b- bcorrect banswers✔✔Declarations
Policyholder bcannot btransfer bthe bpolicy bto bsomeone belse bwithout bwritten
bpermission bfrom btheir binsurance bcompany b- bcorrect banswers✔✔Assignment
An binstance, bbehavior bor benvironment bthat bincreases bthe blikelihood bof ba bloss bon
ban binsured bitem b- bcorrect banswers✔✔Hazard
Actual bcause bor bsource bof ban bincidence bof bdestruction, binjury, bor bloss b- bcorrect
banswers✔✔Peril
, An binsurance bcompany borganized band bdomiciled boutside bthe bUS b- bcorrect
banswers✔✔Alien
When bthere bis ban bunbroken bchain bof bevents bbetween ban boccurrence band ba bloss,
bthen bthe bloss bis bpart bof bthe boriginal boccurrence b- bcorrect banswers✔✔Proximate
bCause
Is bproximate bcause bof ball bsubsequent bdamages b- bcorrect banswers✔✔Original
bOccurance
An bindividual bwho bcontracts bwith ban badjusting bfirm bas ban bindependent bcontractor
band bhandles bclaims bfor bthe binsurance bcompanies b- bcorrect
banswers✔✔Independent bAdjuster
Action bor bpractice bof bthe binsured bparty bis bpermitted bto bcontinue bbecause bany
bdefense bagainst ba bcontinuation bof bsaid baction bor bpractice bhas bbeen bwaived bby
bthe binsurer b- bcorrect banswers✔✔Estoppel
Operate bfor bprofit, bcollect bpremiums, breserve ba bportion bof bpremiums bto bpay bclaims
b- bcorrect banswers✔✔Commercial bInsurers
Any bperson bwho binvestigates bor badjusts blosses bon bbehalf bof beither ban binsurer bor
ba bself-insured b- bcorrect banswers✔✔Independent bAdjuster
The bresult bof ban binsured's btort bor bwrongdoing. bConsequences bof ba bloss bor
bamount bor btype bof blosses bsuffered b- bcorrect banswers✔✔Damages
Requires bthe binsured bto binsure bthe bnamed bproperty bfor ba bspecific bamount bof
binsurance bas brequired bby bthe binsurance bcompany b- bcorrect banswers✔✔Agreed
bValue
Physical bharm bto btangible bproperty bcaused bby bperil b(loss bto bproperty bor bperson bin
bwhich ba bcovered bperil bis bthe bproximate bcause bof bdamage bor bdestruction) b-
bcorrect banswers✔✔Direct bloss
The bentity bthat bis bthe b"recipient" bto bthe bPrincipal b- bcorrect banswers✔✔Obligee
Insurance bcontracts bare bwritten bon ba btake bit bor bleave bit bbasis bto bthe bpolicy
bowner. b- bcorrect banswers✔✔Adhesion
Event bor bcircumstance bthat bcauses bdamage b- bcorrect banswers✔✔Occurance
Coverage bprovides bfor bpayment bof blosses bif bcivil bauthority bdenies baccess bto bthe
binsured bpremises bdue bto ba bcovered bperil b- bcorrect banswers✔✔Civil bAuthority
Voluntary brelinquishment bof ba bknown blegal bright b- bcorrect banswers✔✔Waiver
(Set 1)Questions With Correct Answers
The binsurer band binsured bagree bto ba bspecific bvalue bof binsured bitem b- bcorrect
banswers✔✔Agreed bValue bPolicies
Someone bwho bhas bcare, bcustody bor bcontrol bof banother's bproperty b- bcorrect
banswers✔✔Bailee
Claim bfiled bby bpolicy bholder bagainst bhis b_ b- bcorrect banswers✔✔First bParty bClaim
When ba bperson bwho bentrusts banother bwith ban bobject band bit bresults bin binjury bto
bsomeone bcan bbe bheld bliable bfor bthe binjury bto bsomeone. bCan bbe bheld bliable bfor
bthe binjury bi.e. bFirearm bor bDWI b- bcorrect banswers✔✔Negligent bEntrustment
Hazard bthat bresults bfrom ba bconscious bdecision bmade bby ban binsured bto bparticipate
bin ba bmanner bor bbehavior bmore blikely bto bresult bin ba bloss bbecause bthey bhave
binsurance b- bcorrect banswers✔✔Moral bHazard
Used bto bprovide btemporary binsurance bcoverage buntil ban binsurance bpolicy bcan bbe
bwritten b- bcorrect banswers✔✔Binder
Required bby blenders bto bguarantee bthat boutstanding bloans bagainst ba bjob bare bpaid
bupon bcompletion b- bcorrect banswers✔✔Completion bBonds
The bsection bof ban binsurance bpolicy bidentifying bthe binsured, bendorsements,
bcoverages, blimits, band bpremiums b- bcorrect banswers✔✔Declarations
Policyholder bcannot btransfer bthe bpolicy bto bsomeone belse bwithout bwritten
bpermission bfrom btheir binsurance bcompany b- bcorrect banswers✔✔Assignment
An binstance, bbehavior bor benvironment bthat bincreases bthe blikelihood bof ba bloss bon
ban binsured bitem b- bcorrect banswers✔✔Hazard
Actual bcause bor bsource bof ban bincidence bof bdestruction, binjury, bor bloss b- bcorrect
banswers✔✔Peril
, An binsurance bcompany borganized band bdomiciled boutside bthe bUS b- bcorrect
banswers✔✔Alien
When bthere bis ban bunbroken bchain bof bevents bbetween ban boccurrence band ba bloss,
bthen bthe bloss bis bpart bof bthe boriginal boccurrence b- bcorrect banswers✔✔Proximate
bCause
Is bproximate bcause bof ball bsubsequent bdamages b- bcorrect banswers✔✔Original
bOccurance
An bindividual bwho bcontracts bwith ban badjusting bfirm bas ban bindependent bcontractor
band bhandles bclaims bfor bthe binsurance bcompanies b- bcorrect
banswers✔✔Independent bAdjuster
Action bor bpractice bof bthe binsured bparty bis bpermitted bto bcontinue bbecause bany
bdefense bagainst ba bcontinuation bof bsaid baction bor bpractice bhas bbeen bwaived bby
bthe binsurer b- bcorrect banswers✔✔Estoppel
Operate bfor bprofit, bcollect bpremiums, breserve ba bportion bof bpremiums bto bpay bclaims
b- bcorrect banswers✔✔Commercial bInsurers
Any bperson bwho binvestigates bor badjusts blosses bon bbehalf bof beither ban binsurer bor
ba bself-insured b- bcorrect banswers✔✔Independent bAdjuster
The bresult bof ban binsured's btort bor bwrongdoing. bConsequences bof ba bloss bor
bamount bor btype bof blosses bsuffered b- bcorrect banswers✔✔Damages
Requires bthe binsured bto binsure bthe bnamed bproperty bfor ba bspecific bamount bof
binsurance bas brequired bby bthe binsurance bcompany b- bcorrect banswers✔✔Agreed
bValue
Physical bharm bto btangible bproperty bcaused bby bperil b(loss bto bproperty bor bperson bin
bwhich ba bcovered bperil bis bthe bproximate bcause bof bdamage bor bdestruction) b-
bcorrect banswers✔✔Direct bloss
The bentity bthat bis bthe b"recipient" bto bthe bPrincipal b- bcorrect banswers✔✔Obligee
Insurance bcontracts bare bwritten bon ba btake bit bor bleave bit bbasis bto bthe bpolicy
bowner. b- bcorrect banswers✔✔Adhesion
Event bor bcircumstance bthat bcauses bdamage b- bcorrect banswers✔✔Occurance
Coverage bprovides bfor bpayment bof blosses bif bcivil bauthority bdenies baccess bto bthe
binsured bpremises bdue bto ba bcovered bperil b- bcorrect banswers✔✔Civil bAuthority
Voluntary brelinquishment bof ba bknown blegal bright b- bcorrect banswers✔✔Waiver
