Florida Adjuster All Lines

FLORIDA ADJUSTER ALL LINES The Adjuster's Code of Ethics starts with a basic premise which states: - CORRECT ANSWER -The work of adjusting engages the public trust Once an adjuster is licensed he or she must maintain a continuing education requirement. Select from the following an adjuster's compliance requirement in order to stay licensed: - CORRECT ANSWER -A newly licensed adjuster must complete 24 hours of continuing education in every two year compliance period, of which 5 hours must be taken in a properly certified 5 Hour Law & Ethics Update course A claim in the property/casualty industry is defined as: - CORRECT 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 damage Describe the coverages provided in a split limit policy of 10/20/10 - CORRECT ANSWER -The coverage provides up to $10,000 of liability protection for bodily injury to any one individual, an aggregate of $20,000 for all bodily injuries regardless of how many individuals, and $10,000 for property damage What is the primary difference between a staff adjuster and an independent adjuster? - CORRECT ANSWER -A staff adjuster works for an insurance company and an independent adjuster works independently for themselves or for adjusting firms who represent many clients In todays society the most important factor in the purchase of insurance is: - CORRECT ANSWER Trust Negligence is described as: - CORRECT ANSWER -Fault that arises from doing something you shouldn't have done, or not doing something you should have done One of the most important claim handling goals of an Insurance Company is: - CORRECT 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