Florida Claims Adjuster EXAM Questions &
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Terms in this set (206)
Frank owned a home that was D. All listed interests
destroyed by a hurricane. Both ABC Remember that the insurer is not responsible to
and XYZ Banks were listed as know the degrees of interest. In the event of a
additional interests on his loss, one payment is made by the insurer and it is
homeowner policy. The insurance up to the additional interests on working out their
company will make a payment to: share.
A. The first mortgagee, ABC
B. The Insured
C. Jointly to ABC and XYZ
D. All listed interests
Insurance applies separately to A. Severability
each insured as if other insureds did
not exist. This is defined as:
A. Severability
B. Conditional
C. Warranty
D. None of the above
,Property insurance policies usually B. Abandonment
contain a(n) __________ clause, stating
the insured cannot dump damaged
property on the insurer and
demand its full value:
A. Pro Rata
B. Abandonment
C. Liberalization
D. All of the above
A(n) __________ is one wherein D. Insurable Interest
economic loss would be suffered
from an adverse happening to the
subject:
A. Conditional Contract
B. Personal Contract
C. Economic Contract
D. Insurable Interest
States that if the insurer adopts a D. Liberalization
revision which would broaden The time frame is typically 60 days.
coverage without additional
premium within some period of
time prior to the policy period or
during the policy period, the
insured receives the benefit of such
broadened coverage.
A. Cancellation Clause
B. Policy Period
C. Pro Rata
D. Liberalization
,The __________ states that when there is A. Doctrine of Proximate Cause
an unbroken connection between For example, if a property insurance policy
an occurrence and damage that covers the peril of fire but further damage is
grows out of the occurrence, then caused by smoke, water used to extinguish, and
the resultant damage is all a part of the process of moving property away - fire is
the occurrence. considered to be the proximate cause of all of
A. Doctrine of Proximate Cause the damage.
B. Doctrine of Perils & Hazards
C. Insurance Policy Handbook
D. Doctrine of Property Insurance
The Loss Settlement Valuation that A. Actual Cash Value
subtracts an allowance for
depreciation is defined as?
A. Actual Cash Value
B. Replacement Cost
C. "Old for New"
D. None of the Above
A policy condition, either based on A. Warranty
information in the insured's
application or inserted by the
insurer, is defined as:
A. Warranty
B. Misrepresentation
C. Concealment
D. None of the Above
The following are basic C. Loss of Settlement Contract
characteristics of a property or
liability insurance contract, except:
A. Personal Contract
B. Conditional Contract
C. Loss of Settlement Contract
D. Contract of Adhesion
, The Insurer's responsibility to pay A. Conditional Contract
for a property loss may be "may be conditioned"
conditioned on the insured having
used reasonable means to avoid
the loss, to protect the property
against further loss, and to give the
insurer proof of the loss is defined
as?
A. Conditional Contract
B. Adhesion Contract
C. Indemnity Contract
D. All of the Above
Which of the following is not one of B. Temporary Injury of the Insured
the "Thresholds" in the "No-Fault" Also included: permanent injury other than
law? scarring and disfigurement
A. Death of the Insured
B. Temporary Injury of the Insured
C. A permanent loss of a bodily
function
D. Permanent scarring on the face
of the insured
Under Mechanical Breakdown A. 36 Months/36,000 Miles
Coverage, new cars are eligible for Used vehicles: 12 Months/12,000 Miles
service up to:
A. 36 Months/36,000 Miles
B. 24 Months/36,000 Miles
C. 12,000 Months/12,000 Miles
D. 12 Months/36,000 Miles
Answers, Well Elaborated | Already Verified Test
|100% Verified solutions |2026 Latest!!
Save
Terms in this set (206)
Frank owned a home that was D. All listed interests
destroyed by a hurricane. Both ABC Remember that the insurer is not responsible to
and XYZ Banks were listed as know the degrees of interest. In the event of a
additional interests on his loss, one payment is made by the insurer and it is
homeowner policy. The insurance up to the additional interests on working out their
company will make a payment to: share.
A. The first mortgagee, ABC
B. The Insured
C. Jointly to ABC and XYZ
D. All listed interests
Insurance applies separately to A. Severability
each insured as if other insureds did
not exist. This is defined as:
A. Severability
B. Conditional
C. Warranty
D. None of the above
,Property insurance policies usually B. Abandonment
contain a(n) __________ clause, stating
the insured cannot dump damaged
property on the insurer and
demand its full value:
A. Pro Rata
B. Abandonment
C. Liberalization
D. All of the above
A(n) __________ is one wherein D. Insurable Interest
economic loss would be suffered
from an adverse happening to the
subject:
A. Conditional Contract
B. Personal Contract
C. Economic Contract
D. Insurable Interest
States that if the insurer adopts a D. Liberalization
revision which would broaden The time frame is typically 60 days.
coverage without additional
premium within some period of
time prior to the policy period or
during the policy period, the
insured receives the benefit of such
broadened coverage.
A. Cancellation Clause
B. Policy Period
C. Pro Rata
D. Liberalization
,The __________ states that when there is A. Doctrine of Proximate Cause
an unbroken connection between For example, if a property insurance policy
an occurrence and damage that covers the peril of fire but further damage is
grows out of the occurrence, then caused by smoke, water used to extinguish, and
the resultant damage is all a part of the process of moving property away - fire is
the occurrence. considered to be the proximate cause of all of
A. Doctrine of Proximate Cause the damage.
B. Doctrine of Perils & Hazards
C. Insurance Policy Handbook
D. Doctrine of Property Insurance
The Loss Settlement Valuation that A. Actual Cash Value
subtracts an allowance for
depreciation is defined as?
A. Actual Cash Value
B. Replacement Cost
C. "Old for New"
D. None of the Above
A policy condition, either based on A. Warranty
information in the insured's
application or inserted by the
insurer, is defined as:
A. Warranty
B. Misrepresentation
C. Concealment
D. None of the Above
The following are basic C. Loss of Settlement Contract
characteristics of a property or
liability insurance contract, except:
A. Personal Contract
B. Conditional Contract
C. Loss of Settlement Contract
D. Contract of Adhesion
, The Insurer's responsibility to pay A. Conditional Contract
for a property loss may be "may be conditioned"
conditioned on the insured having
used reasonable means to avoid
the loss, to protect the property
against further loss, and to give the
insurer proof of the loss is defined
as?
A. Conditional Contract
B. Adhesion Contract
C. Indemnity Contract
D. All of the Above
Which of the following is not one of B. Temporary Injury of the Insured
the "Thresholds" in the "No-Fault" Also included: permanent injury other than
law? scarring and disfigurement
A. Death of the Insured
B. Temporary Injury of the Insured
C. A permanent loss of a bodily
function
D. Permanent scarring on the face
of the insured
Under Mechanical Breakdown A. 36 Months/36,000 Miles
Coverage, new cars are eligible for Used vehicles: 12 Months/12,000 Miles
service up to:
A. 36 Months/36,000 Miles
B. 24 Months/36,000 Miles
C. 12,000 Months/12,000 Miles
D. 12 Months/36,000 Miles
