WebCE FL Adjuster Test: Key Concepts &
Practice Questions
Adjuster moves states, how long to notify dept of financial services?
:~CORRECT ANSWER~30 days
Vacant or unoccupied house is vandalized, will property insurance cover
it? :~CORRECT ANSWER~No, policy reduces coverage if the building is
vacant or unoccupied for 60 days
When considering depreciation, adjusters consider these factors
:~CORRECT ANSWER~Physical deterioration, functional obsolescence,
and future life expectancy
Not reporting a claim within the policy timeframe breaks the :~CORRECT
ANSWER~Conditional contract of the policy
Adjusters keep complete and accurate claim files for these reasons:
:~CORRECT ANSWER~Record activities that occur during adjustment,
permit others to service the claim if the adjuster is unavailable, support
denial of the claim
What is the role of a primary care physician (PCP) in managed care plans?
:~CORRECT ANSWER~Coordinate member's health care treatment and
access to medical specialists in the network
, Individual short term disability plans pay up to :~CORRECT ANSWER~2
years
In which case would the applicant be eligible for coverage through an
insurer in the residual insurance market :~CORRECT ANSWER~The
applicant is entitled to insurance but cannot buy it through the voluntary
market.
Failing to promptly settle a claim for which liability is uncertain is not an
:~CORRECT ANSWER~Unfair claims settlement practice
PAP allows a leased vehicle to be on the declaration list of a policy if it is
leased to the named insured for how many months :~CORRECT
ANSWER~6 months
If a bank's counterfeit money insuring agreement covers a loss for
accepting counterfeit money in another country it must have :~CORRECT
ANSWER~A branch office in that country
What organization developed a standard workers comp and employers
liability insurance policy used in most stated? :~CORRECT
ANSWER~National Workers Compensation Organization
compulsory no-fault laws :~CORRECT ANSWER~State laws that restrict
an injured party's right to sue another driver under tort law until a specific
threshold of damages is surpassed
Practice Questions
Adjuster moves states, how long to notify dept of financial services?
:~CORRECT ANSWER~30 days
Vacant or unoccupied house is vandalized, will property insurance cover
it? :~CORRECT ANSWER~No, policy reduces coverage if the building is
vacant or unoccupied for 60 days
When considering depreciation, adjusters consider these factors
:~CORRECT ANSWER~Physical deterioration, functional obsolescence,
and future life expectancy
Not reporting a claim within the policy timeframe breaks the :~CORRECT
ANSWER~Conditional contract of the policy
Adjusters keep complete and accurate claim files for these reasons:
:~CORRECT ANSWER~Record activities that occur during adjustment,
permit others to service the claim if the adjuster is unavailable, support
denial of the claim
What is the role of a primary care physician (PCP) in managed care plans?
:~CORRECT ANSWER~Coordinate member's health care treatment and
access to medical specialists in the network
, Individual short term disability plans pay up to :~CORRECT ANSWER~2
years
In which case would the applicant be eligible for coverage through an
insurer in the residual insurance market :~CORRECT ANSWER~The
applicant is entitled to insurance but cannot buy it through the voluntary
market.
Failing to promptly settle a claim for which liability is uncertain is not an
:~CORRECT ANSWER~Unfair claims settlement practice
PAP allows a leased vehicle to be on the declaration list of a policy if it is
leased to the named insured for how many months :~CORRECT
ANSWER~6 months
If a bank's counterfeit money insuring agreement covers a loss for
accepting counterfeit money in another country it must have :~CORRECT
ANSWER~A branch office in that country
What organization developed a standard workers comp and employers
liability insurance policy used in most stated? :~CORRECT
ANSWER~National Workers Compensation Organization
compulsory no-fault laws :~CORRECT ANSWER~State laws that restrict
an injured party's right to sue another driver under tort law until a specific
threshold of damages is surpassed
