Florida Claims Adjuster Exam ,Most Recent Exam 2025|2026
Actual Complete Real Exam Questions And Correct Answers
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This bond guarantees indemnification to the obligee for any
losses resulting from the principal's failure to complete the
contract work in accord with specifications:
A. Performance
B. Bid
C. Court
D. Maintenance - ANSWER-A. Performance
Considered a contract bond
One who undertakes to perform, to fulfill a contract or to
meet an obligation is known as: A. Principal
B. Obligee
C. Surety
D. All of the Above - ANSWER-A. Principal
Obligee - needs guarantee principal will perform
Surety - guarantees performance between principal and obligee
This form of bond is required to accompany a bid for a
contract which will
require that the successful bidder furnish further bond if
awarded the job:
,A. Bid
B.
Performance
C. Court
D. Maintenance - ANSWER-
A. Bid
May act as part of the bonding party and agrees to reimburse
the surety for any loss it may suffer from having bonded the
principal:
A. Indemnitor
B. Surety
C. Obligee
D. None of the Above - ANSWER-A. Indemnitor
Known as "fourth party", may put up collateral
Which of the following are parties to a Bond?
A. Principal
B. Obligee
C. Surety
D. All of the Above - ANSWER-D. All of the Above
Principal - undertakes to perform/fulfill
Obligee - guaranteed principal will perform
Surety - guarantees performance
*Indemnitor - may act as additional party; agrees to reimburse
surety for any loss
This type of bond covers streets, sidealks, sewers, etc.:
A. Sidewalk
,B. Subdivision
C. Supply
D. None of the Above - ANSWER-B. Subdivision
Falls under Maintenance Bond
When a person has lost stock certificates, bonds or similar
instruments, a bond is generally required by the issuing
company to reissue the document. This is known as a:
A. Public Official Bond
B. Lost Instrument Bond
C. Public Instrument Bond
D. None of the Above - ANSWER-B. Lost Instrument Bond
Also guarantees to save issuer from any loss growing out of
lost instrument
A __________ is a selected group of hospitals and medical
practitioners in a given area who have joined together in an
effort to reduce medical costs.
A. HMO
B. Major Medical Insurance
C. Coinsurance
D. PPO - ANSWER-D. PPO
Most plans provide that emergency treatment will be paid even
if treated party does not go to service provider on approved
list.
Define the coverage that pays a flat amount per day for
hospitalization, regardless of expenses or other insurance:
A. Hospitilization
, B. Hospital Indemnity
C. Hospital Services
D. All of the Above - ANSWER-B. Hospital Indemnity
This optional provision states that if the insured becomes
totally disabled, premiums are waived but the coverage
remains in force:
A. Waiver of Subrogation
B. Waiver of Premium
C. Waiver of Value
D. None of the Above - ANSWER-B. Waiver of Premium
"premiums are waived"
Provides coverage for expenses, including loss of income,
arising from an accident. This is defined as?
A. Accident Insurance
B. Hospitilization
C. Hospital Pay
D. None of the Above - ANSWER-A. Accident Insurance
Typical exclusions would be: hernia, war, disease and bacterial
infections, suicide attempts, air travel injuries, accidents while
committing felony, accidents while under the influence
This type of provision states the insurer can refuse to renew
the policy only under certain conditions. The policy must state
the conditions under which the policy will not be renewed. This
is defined as?
A. Conditionally Renewable
B. Guaranteed Renewable
Actual Complete Real Exam Questions And Correct Answers
(Verified Answers) Already Graded A+ | Newest Exam | Just
Released!!
This bond guarantees indemnification to the obligee for any
losses resulting from the principal's failure to complete the
contract work in accord with specifications:
A. Performance
B. Bid
C. Court
D. Maintenance - ANSWER-A. Performance
Considered a contract bond
One who undertakes to perform, to fulfill a contract or to
meet an obligation is known as: A. Principal
B. Obligee
C. Surety
D. All of the Above - ANSWER-A. Principal
Obligee - needs guarantee principal will perform
Surety - guarantees performance between principal and obligee
This form of bond is required to accompany a bid for a
contract which will
require that the successful bidder furnish further bond if
awarded the job:
,A. Bid
B.
Performance
C. Court
D. Maintenance - ANSWER-
A. Bid
May act as part of the bonding party and agrees to reimburse
the surety for any loss it may suffer from having bonded the
principal:
A. Indemnitor
B. Surety
C. Obligee
D. None of the Above - ANSWER-A. Indemnitor
Known as "fourth party", may put up collateral
Which of the following are parties to a Bond?
A. Principal
B. Obligee
C. Surety
D. All of the Above - ANSWER-D. All of the Above
Principal - undertakes to perform/fulfill
Obligee - guaranteed principal will perform
Surety - guarantees performance
*Indemnitor - may act as additional party; agrees to reimburse
surety for any loss
This type of bond covers streets, sidealks, sewers, etc.:
A. Sidewalk
,B. Subdivision
C. Supply
D. None of the Above - ANSWER-B. Subdivision
Falls under Maintenance Bond
When a person has lost stock certificates, bonds or similar
instruments, a bond is generally required by the issuing
company to reissue the document. This is known as a:
A. Public Official Bond
B. Lost Instrument Bond
C. Public Instrument Bond
D. None of the Above - ANSWER-B. Lost Instrument Bond
Also guarantees to save issuer from any loss growing out of
lost instrument
A __________ is a selected group of hospitals and medical
practitioners in a given area who have joined together in an
effort to reduce medical costs.
A. HMO
B. Major Medical Insurance
C. Coinsurance
D. PPO - ANSWER-D. PPO
Most plans provide that emergency treatment will be paid even
if treated party does not go to service provider on approved
list.
Define the coverage that pays a flat amount per day for
hospitalization, regardless of expenses or other insurance:
A. Hospitilization
, B. Hospital Indemnity
C. Hospital Services
D. All of the Above - ANSWER-B. Hospital Indemnity
This optional provision states that if the insured becomes
totally disabled, premiums are waived but the coverage
remains in force:
A. Waiver of Subrogation
B. Waiver of Premium
C. Waiver of Value
D. None of the Above - ANSWER-B. Waiver of Premium
"premiums are waived"
Provides coverage for expenses, including loss of income,
arising from an accident. This is defined as?
A. Accident Insurance
B. Hospitilization
C. Hospital Pay
D. None of the Above - ANSWER-A. Accident Insurance
Typical exclusions would be: hernia, war, disease and bacterial
infections, suicide attempts, air travel injuries, accidents while
committing felony, accidents while under the influence
This type of provision states the insurer can refuse to renew
the policy only under certain conditions. The policy must state
the conditions under which the policy will not be renewed. This
is defined as?
A. Conditionally Renewable
B. Guaranteed Renewable
