FLORIDA CLAIMS ADJUSTER EXAM QUESTIONS WITH ANSWERS

FLORIDA CLAIMS ADJUSTER EXAM
QUESTIONS WITH ANSWERS



Frank2owned2a2home2that2was2destroyed2by2a2hurricane.2Both2ABC2an
d2XYZ2Banks2were2listed2as2additional2interests2on2his2homeowner2poli
cy.2The2insurance2company2will2make2a2payment2to:2
A.2The2first2mortgagee,2ABC
B.2The2Insured
C.2Jointly2to2ABC2and2XYZ
D.2All2listed2interests2-2Ans--D.2All2listed2interests
Remember2that2the2insurer2is2not2responsible2to2know2the2degrees2of2in
terest.2In2the2event2of2a2loss,2one2payment2is2made2by2the2insurer2and2it
2is2up2to2the2additional2interests2on2working2out2their2share.



Insurance2applies2separately2to2each2insured2as2if2other2insureds2did2n
ot2exist.2This2is2defined2as:
A.2Severability
B.2Conditional
C.2Warranty
D.2None2of2the2above2-2Ans--A.2Severability

Property2insurance2policies2usually2contain2a(n)2__________2clause,2st
ating2the2insured2cannot2dump2damaged2property2on2the2insurer2and2d
emand2its2full2value:
A.2Pro2Rata
B.2Abandonment
C.2Liberalization
D.2All2of2the2above2-2Ans--B.2Abandonment

A(n)2__________2is2one2wherein2economic2loss2would2be2suffered2fro
m2an2adverse2happening2to2the2subject:
A.2Conditional2Contract

,B.2Personal2Contract
C.2Economic2Contract
D.2Insurable2Interest2-2Ans--D.2Insurable2Interest

States2that2if2the2insurer2adopts2a2revision2which2would2broaden2covera
ge2without2additional2premium2within2some2period2of2time2prior2to2the2p
olicy2period2or2during2the2policy2period,2the2insured2receives2the2benefit
2of2such2broadened 2coverage.

A.2Cancellation2Clause
B.2Policy2Period
C.2Pro2Rata
D.2Liberalization2-2Ans--D.2Liberalization
The2time2frame2is2typically2602days.

The2__________2states2that2when2there2is2an2unbroken2connection2bet
ween2an2occurrence2and2damage2that2grows2out2of2the2occurrence,2the
n2the2resultant2damage2is2all2a2part2of2the2occurrence.
A.2Doctrine2of2Proximate2Cause
B.2Doctrine2of2Perils2&2Hazards
C.2Insurance2Policy2Handbook
D.2Doctrine2of2Property2Insurance2-2Ans--
A.2Doctrine2of2Proximate2Cause
For2example,2if2a2property2insurance2policy2covers2the2peril2of2fire2but2f
urther2damage2is2caused2by2smoke,2water2used2to2extinguish,2and2the2
process2of2moving2property2away2-
2fire2is2considered2to2be2the2*proximate2cause*2of2all2of2the2damage.



The2Loss2Settlement2Valuation2that2subtracts2an2allowance2for2depreci
ation2is2defined2as?
A.2Actual2Cash2Value
B.2Replacement2Cost
C.2"Old2for2New"
D.2None2of2the2Above2-2Ans--A.2Actual2Cash2Value

A2policy2condition,2either2based2on2information2in2the2insured's2applicati
on2or2inserted2by2the2insurer,2is2defined2as:
A.2Warranty

,B.2Misrepresentation
C.2Concealment
D.2None2of2the2Above2-2Ans--A.2Warranty

The2following2are2basic2characteristics2of2a2property2or2liability2insuranc
e2contract,2except:
A.2Personal2Contract
B.2Conditional2Contract
C.2Loss2of2Settlement2Contract
D.2Contract2of2Adhesion2-2Ans--C.2Loss2of2Settlement2Contract

The2Insurer's2responsibility2to2pay2for2a2property2loss2may2be2condition
ed2on2the2insured2having2used2reasonable2means2to2avoid2the2loss,2to2
protect2the2property2against2further2loss,2and2to2give2the2insurer2proof2o
f2the2loss2is2defined2as?
A.2Conditional2Contract
B.2Adhesion2Contract
C.2Indemnity2Contract
D.2All2of2the2Above2-2Ans--A.2Conditional2Contract
"may2be2conditioned"

Which2of2the2following2is2not2one2of2the2"Thresholds"2in2the2"No-
Fault"2law?
A.2Death2of2the2Insured
B.2Temporary2Injury2of2the2Insured
C.2A2permanent2loss2of2a2bodily2function
D.2Permanent2scarring2on2the2face2of2the2insured2-2Ans--
B.2Temporary2Injury2of2the2Insured
Also2included:2permanent2injury2other2than2scarring2and2disfigurement

Under2Mechanical2Breakdown2Coverage,2new2cars2are2eligible2for2serv
ice2up2to:
A.2362Months/36,0002Miles
B.2242Months/36,0002Miles
C.212,0002Months/12,0002Miles
D.2122Months/36,0002Miles2-2Ans--A.2362Months/36,0002Miles
Used2vehicles:2122Months/12,0002Miles

, If2financial2responsibility2doesn't2exist2at2the2time2of2an2accident,2which2
of2the2following2things2must2happen2to2avoid2penalties?
A.2The2legally2valid2claims2of2others2must2be2satisfied2(up2to210/20/10)
B.2The2owner2and2operator2must2provide2certification2of2future2responsi
bility2for2future2accidents
C.2Both2A2&2B
D.2None2of2the2Above2-2Ans--C.2Both2A2&2B

As2to2required2proof2for2future2accidents2by2purchase2of2auto2liability2in
surance,2the2insurer2must2make2a2filing2(Form2SR-
22)2certifying2that2coverage2is2in2effect,2and2this2certification2must2rema
in2on2file2for2__________2years:2
A.21
B.23
C.24
D.222-2Ans--B.23

The2Business2Automobile2Policy2includes2all2of2the2following2coverage2
forms2except:
A.2The2Garage2Coverage2Form
B.2The2Trailer2Interchange2Coverage2Form
C.2The2Truckers2Coverage2Form
D.2The2Business2Auto2Coverage2Form2-2Ans--
B.2The2Trailer2Interchange2Coverage2Form

Personal2Injury2Protection,2or2PIP,2has2a2__________2per2person,2per2
accident2limit.
A.210,000
B.220,000
C.21,000
D.2Depends2on2the2damaged2property2-2Ans--A.210,000

Used2to2insure2businesses2engaged2in2selling,2servicing,2repairing,2par
king2or2storing2automobiles:
A.2Servicing2Coverage2Form
B.2Garage2Coverage2Form