ACA Final Exam
Latest 2026/2027
Questions & Answers
Verified Answers
(100% CORRECT ANSWERS)
At the end of this course, you must do which of the
following? Pass the final course exam with a scored of
70% or higher Print your certificate from this website
Apply for your Insurance Adjuster license at the Florida Department of Financial
Services website at www.myfloridacfo.com/division/agents
All of the above - ANSWER All of the above
Which of the following is NOT one of the duties of the Department of Financial
Services? License adjusters
Set rates and write policies for various company
products Supervise the claims activity of adjusters
Investigate charges of unethical conduct of adjusters - ANSWER Set rates and
write policies for various company products
When an insurance licensee moves, he has how long to notify the Florida Dept. of
Financial Services of his change of address?
10 Days
30 Days
60 Days
180 Days - ANSWER 30
An Insurance Policy is a contract with all of the following
characteristics, EXCEPT It is a personal contract.
Parties are of unequal power with ambiguities or unclear wording resolved in favor
of the insured because it is a contract of adhesion.
Indemnity is not part of an insurance contract.
, There are conditions imposed upon both the insurer and insured. - ANSWER
Indemnity is not part of an insurance contract.
An insurance contract may contain a "gray area" or an ambiguity, that is generally
resolved in favor of the insured because insurance policies are contracts of:
Indemni
ty
Cohesio
n
Adhesio
n
Conditions - ANSWER
adhesion Strict or Absolute
Liability
applies to school systems.
must have failure to use "due care.
"considers the actions of a prudent
person.
is assigned by law or statute. - ANSWER is assigned by law or
statute. Risks that are insurable are:
Speculative
risk Pure risk
Both A & B
None of the above - ANSWER Pure Risk
The goal of insurance is to restore the insured to the same economic position as
before the covered loss occurred, this is the principle of:
Adhesion
Actual Cash
Value Indemnity
Severability - ANSWER Indemnity
Firemen caused water damage to a property by spraying water to put out a fire. If
the property insurance policy listed "fire" as the only named peril:
The water damage is not a covered peril.
The fire dept. has liability for the water damage.
The water damage is covered due to the concept of proximate cause.
The Fire damage is covered but not the water damage due to proximate cause. -
ANSWER The water damage is covered due to the concept of proximate cause.
Latest 2026/2027
Questions & Answers
Verified Answers
(100% CORRECT ANSWERS)
At the end of this course, you must do which of the
following? Pass the final course exam with a scored of
70% or higher Print your certificate from this website
Apply for your Insurance Adjuster license at the Florida Department of Financial
Services website at www.myfloridacfo.com/division/agents
All of the above - ANSWER All of the above
Which of the following is NOT one of the duties of the Department of Financial
Services? License adjusters
Set rates and write policies for various company
products Supervise the claims activity of adjusters
Investigate charges of unethical conduct of adjusters - ANSWER Set rates and
write policies for various company products
When an insurance licensee moves, he has how long to notify the Florida Dept. of
Financial Services of his change of address?
10 Days
30 Days
60 Days
180 Days - ANSWER 30
An Insurance Policy is a contract with all of the following
characteristics, EXCEPT It is a personal contract.
Parties are of unequal power with ambiguities or unclear wording resolved in favor
of the insured because it is a contract of adhesion.
Indemnity is not part of an insurance contract.
, There are conditions imposed upon both the insurer and insured. - ANSWER
Indemnity is not part of an insurance contract.
An insurance contract may contain a "gray area" or an ambiguity, that is generally
resolved in favor of the insured because insurance policies are contracts of:
Indemni
ty
Cohesio
n
Adhesio
n
Conditions - ANSWER
adhesion Strict or Absolute
Liability
applies to school systems.
must have failure to use "due care.
"considers the actions of a prudent
person.
is assigned by law or statute. - ANSWER is assigned by law or
statute. Risks that are insurable are:
Speculative
risk Pure risk
Both A & B
None of the above - ANSWER Pure Risk
The goal of insurance is to restore the insured to the same economic position as
before the covered loss occurred, this is the principle of:
Adhesion
Actual Cash
Value Indemnity
Severability - ANSWER Indemnity
Firemen caused water damage to a property by spraying water to put out a fire. If
the property insurance policy listed "fire" as the only named peril:
The water damage is not a covered peril.
The fire dept. has liability for the water damage.
The water damage is covered due to the concept of proximate cause.
The Fire damage is covered but not the water damage due to proximate cause. -
ANSWER The water damage is covered due to the concept of proximate cause.
