Florida Public Adjuster State Test Questions With Accurate
Answers.
Florida No-Fault Tort Exemption - accurate answers-Those who comply with
the law are granted limited immunity from suits of others through PIP
coverage.
4 Exceptions to Tort Exemption(Threshold of No-Fault) - accurate answers-1.
Significant and Permanent loss of bodily function.
2.Permanent injury other than scarring and disfigurement.
3.Significant and Permanent scarring or disfigurement.
4.Death
What does NFIP stand for? - accurate answers-National Flood Insurance
Program
Form SR-22 - accurate answers-Drivers Convicted of DUI or a traffic felony
over the prior 3 years are required to have 100/300/50 coverage or a
certificate of self insurance of $350,000.
Contents of a CGL Contract - accurate answers-1.Declarations Form
2.Common Policy Conditions Form
3. One of:
A.Occurrence Form
B.Claims Made Form
4.Nuclear Energy Liability Exclusion Endorsement.
Declarations of a CGL Contract(4) - accurate answers-1.Named
Insured(including address)
2.Policy Period
3.Premium
4.Limits of Coverage
7 Common CGL Conditions - accurate answers-1.Cancellation(30 Days by
insurer option, 10 Days By no payment).
2.Changes
3.Examination of Books
4.Inspections and Surveys
, 5.Premiums
6.Transfer
7.Nuclear Endorsement
CGL Coverage A - accurate answers-Bodily Injury and Property Damage
Insuring Agreement
The 3 Conditions that define work as "completed" - accurate answers-1.When
all work called for in the contract is completed.
2.When all work to be done at the site has been completed if one contract calls
for work at more than one site.
3.When that part of the work done at a job site has been put to its intended
use by any person or organization other than another contractor or
subcontractor.
Occurance - accurate answers-An accident, including continuous or repeated
exposure to substantially the same general harmful conditions.
accident - accurate answers-Sudden, unexpected event
The Difference between "Occurance" and "Claims Made" CGL Coverages -
accurate answers-The Coverage Trigger:
The Occurance Form applies to BI and PD regardless of any later time at
which the claim is made.
The Claims-Made Form applies only to BI and PD that occurs on or after the
"Retro-Active date"
Retro-Active Date - accurate answers-The date on which the coverage legally
began.
Basic Extended Reporting Period for CGL - accurate answers-60 Days after
expiration
Why is the term "Coverage Trigger" misleading? - accurate answers-Because it
intends to refer to the time period during which the insurance contract is in
effect.
Umbrella - accurate answers-Covers Excessive Liability
Answers.
Florida No-Fault Tort Exemption - accurate answers-Those who comply with
the law are granted limited immunity from suits of others through PIP
coverage.
4 Exceptions to Tort Exemption(Threshold of No-Fault) - accurate answers-1.
Significant and Permanent loss of bodily function.
2.Permanent injury other than scarring and disfigurement.
3.Significant and Permanent scarring or disfigurement.
4.Death
What does NFIP stand for? - accurate answers-National Flood Insurance
Program
Form SR-22 - accurate answers-Drivers Convicted of DUI or a traffic felony
over the prior 3 years are required to have 100/300/50 coverage or a
certificate of self insurance of $350,000.
Contents of a CGL Contract - accurate answers-1.Declarations Form
2.Common Policy Conditions Form
3. One of:
A.Occurrence Form
B.Claims Made Form
4.Nuclear Energy Liability Exclusion Endorsement.
Declarations of a CGL Contract(4) - accurate answers-1.Named
Insured(including address)
2.Policy Period
3.Premium
4.Limits of Coverage
7 Common CGL Conditions - accurate answers-1.Cancellation(30 Days by
insurer option, 10 Days By no payment).
2.Changes
3.Examination of Books
4.Inspections and Surveys
, 5.Premiums
6.Transfer
7.Nuclear Endorsement
CGL Coverage A - accurate answers-Bodily Injury and Property Damage
Insuring Agreement
The 3 Conditions that define work as "completed" - accurate answers-1.When
all work called for in the contract is completed.
2.When all work to be done at the site has been completed if one contract calls
for work at more than one site.
3.When that part of the work done at a job site has been put to its intended
use by any person or organization other than another contractor or
subcontractor.
Occurance - accurate answers-An accident, including continuous or repeated
exposure to substantially the same general harmful conditions.
accident - accurate answers-Sudden, unexpected event
The Difference between "Occurance" and "Claims Made" CGL Coverages -
accurate answers-The Coverage Trigger:
The Occurance Form applies to BI and PD regardless of any later time at
which the claim is made.
The Claims-Made Form applies only to BI and PD that occurs on or after the
"Retro-Active date"
Retro-Active Date - accurate answers-The date on which the coverage legally
began.
Basic Extended Reporting Period for CGL - accurate answers-60 Days after
expiration
Why is the term "Coverage Trigger" misleading? - accurate answers-Because it
intends to refer to the time period during which the insurance contract is in
effect.
Umbrella - accurate answers-Covers Excessive Liability
