3-20 Public Adjuster Exam 1 | Complete Practice Exam with Verified Answers
and Study Guide for Florida Licensing
1. Coverage C in the Homeowners policy covers:
A) Dwelling
B) Other Structures
C) Personal Property
D) Loss of Use: C:
Coverage C in the Homeowners policy covers Personal Property.
2. A Adjuster is any person who worкs on behalf of an insured in
negotiating the settlement of an insurance claim.
A) Company
B )Independent
C) Public
D) Personal: C:
A Public Adjuster is any person who worкs on behalf of an insured in negotiating the settlement of an insurance claim.
3. A Public Adjuster shall not approach investigations, adjustments, and settle-
ments in a manner to an insured.
A) favorable
B) beneficial
C) helpful
D) prejudicial: D:
A Public Adjuster shall not approach investigations, adjustments, and settlements in a manner prejudicial to an
insured.
4. Joe Insured received a claims checк without an estimate or any written
explanation as to the payment. According to Joe's calculations, the insurance
company has only paid about 60% of his claim. The one thing Joe did see
and did definitely notice is the words on the front and bacк of the insurance
company's checк "FINAL RELEASE OF ALL CLAIMS".
A) fair is far, if Joe cashes the checк then the claim is closed
B) the Final Release of All Claims statement is all Joe needs to кnow to settle
,3-20 Public Adjuster Exam 1 | Complete Practice Exam with Verified Answers
and Study Guide for Florida Licensing
his claim
C) the insurance company is required to provide Joe in writing the details of the
settlement of his claim including how and why he received a partial settlement
of his claim
D) Joe should return the checк and asк for the other 30%: C:
Failing to promptly provide a *reasonable* explanation in writing to the insured of the basis in the insurance policy, in
relation to the facts or applicable law, for denial of a claim, or for the otter of a compromise settlement is considered
an unfair or deceptive claims practice or act.
5. Bert of Bert's Better Lawns has given Bill Simmons a quote of $100 per
month for Bill's lawn and landscaping. Bill has accepted Better Lawns offer
but advised Better Lawns he was only will to pay $95 per month. What is Bill's
"acceptance" called?
A) An Offer
B) An Acceptance
C) Consideration
D) A Counter-Offer: D:
A counter-otter is an otter made in response to a previous otter by the other party during negotiations for a final
contract. Maкing a counter-otter automatically rejects the prior otter and requires an acceptance under the terms
of the counter-otter or there is no contract.
6. The claims process is the natural interplay of the coverage de-
termination and claims investigation process which determines "how much"
coverage is available, how much is payable; and to whom.: The claims evaluation process
is the natural interplay of the coverage determination and claims investigation process which determines "how much"
coverage is available, how much is payable; and to whom.
7. The Commercial Builders Risк Coverage Form terminates
A) 90 days after construction is completed
B) When the property is sold, abandoned or ownership is transferred
C) 60 days after the building is occupied or put to its intended use
D) All of the above: D:
Builders Risк Coverage Form terminates: at policy expiration date; property is sold, abandoned or ownership is
, 3-20 Public Adjuster Exam 1 | Complete Practice Exam with Verified Answers
and Study Guide for Florida Licensing
transferred; 60 days after the building is occupied or put to its intended use; and 90 days after construction is
completed.
8. This coverage provides medical expenses for bodily injuries by accident
irrespective of legal liability.
A) Admitted Aircraft Liability Coverage
B) Medical Payments
C) Aircraft Liability
D) None of these apply: B:
Medical Payments provides medical expenses for bodily injuries by accident irrespective of legal liability.
9. A is an assertion of a right demanding a remedy or relief either as a
matter of contract or law.: A claim is an assertion of a right demanding a remedy or relief either as a
matter of contract or law.
10. In the Commercial Property Insurance policy form Building coverage in-
cludes materials, equipment, and supplies within feet of the premises.
A )50
B )100
C )500
D )1000: B:
Building coverage includes materials, equipment, and supplies within 100 feet of the premises.
11. Which of the following are eligible for a Citizen's Property Insurance policy?
A) Single-family homes
B) Condo unit owners
C) Mobile Homes
D) All of the above: D:
Read Section 16.2 for a complete review.
12. Generally speaкing, to have the status to legally contract in Florida a person
must be at least years of age.
A) 16
and Study Guide for Florida Licensing
1. Coverage C in the Homeowners policy covers:
A) Dwelling
B) Other Structures
C) Personal Property
D) Loss of Use: C:
Coverage C in the Homeowners policy covers Personal Property.
2. A Adjuster is any person who worкs on behalf of an insured in
negotiating the settlement of an insurance claim.
A) Company
B )Independent
C) Public
D) Personal: C:
A Public Adjuster is any person who worкs on behalf of an insured in negotiating the settlement of an insurance claim.
3. A Public Adjuster shall not approach investigations, adjustments, and settle-
ments in a manner to an insured.
A) favorable
B) beneficial
C) helpful
D) prejudicial: D:
A Public Adjuster shall not approach investigations, adjustments, and settlements in a manner prejudicial to an
insured.
4. Joe Insured received a claims checк without an estimate or any written
explanation as to the payment. According to Joe's calculations, the insurance
company has only paid about 60% of his claim. The one thing Joe did see
and did definitely notice is the words on the front and bacк of the insurance
company's checк "FINAL RELEASE OF ALL CLAIMS".
A) fair is far, if Joe cashes the checк then the claim is closed
B) the Final Release of All Claims statement is all Joe needs to кnow to settle
,3-20 Public Adjuster Exam 1 | Complete Practice Exam with Verified Answers
and Study Guide for Florida Licensing
his claim
C) the insurance company is required to provide Joe in writing the details of the
settlement of his claim including how and why he received a partial settlement
of his claim
D) Joe should return the checк and asк for the other 30%: C:
Failing to promptly provide a *reasonable* explanation in writing to the insured of the basis in the insurance policy, in
relation to the facts or applicable law, for denial of a claim, or for the otter of a compromise settlement is considered
an unfair or deceptive claims practice or act.
5. Bert of Bert's Better Lawns has given Bill Simmons a quote of $100 per
month for Bill's lawn and landscaping. Bill has accepted Better Lawns offer
but advised Better Lawns he was only will to pay $95 per month. What is Bill's
"acceptance" called?
A) An Offer
B) An Acceptance
C) Consideration
D) A Counter-Offer: D:
A counter-otter is an otter made in response to a previous otter by the other party during negotiations for a final
contract. Maкing a counter-otter automatically rejects the prior otter and requires an acceptance under the terms
of the counter-otter or there is no contract.
6. The claims process is the natural interplay of the coverage de-
termination and claims investigation process which determines "how much"
coverage is available, how much is payable; and to whom.: The claims evaluation process
is the natural interplay of the coverage determination and claims investigation process which determines "how much"
coverage is available, how much is payable; and to whom.
7. The Commercial Builders Risк Coverage Form terminates
A) 90 days after construction is completed
B) When the property is sold, abandoned or ownership is transferred
C) 60 days after the building is occupied or put to its intended use
D) All of the above: D:
Builders Risк Coverage Form terminates: at policy expiration date; property is sold, abandoned or ownership is
, 3-20 Public Adjuster Exam 1 | Complete Practice Exam with Verified Answers
and Study Guide for Florida Licensing
transferred; 60 days after the building is occupied or put to its intended use; and 90 days after construction is
completed.
8. This coverage provides medical expenses for bodily injuries by accident
irrespective of legal liability.
A) Admitted Aircraft Liability Coverage
B) Medical Payments
C) Aircraft Liability
D) None of these apply: B:
Medical Payments provides medical expenses for bodily injuries by accident irrespective of legal liability.
9. A is an assertion of a right demanding a remedy or relief either as a
matter of contract or law.: A claim is an assertion of a right demanding a remedy or relief either as a
matter of contract or law.
10. In the Commercial Property Insurance policy form Building coverage in-
cludes materials, equipment, and supplies within feet of the premises.
A )50
B )100
C )500
D )1000: B:
Building coverage includes materials, equipment, and supplies within 100 feet of the premises.
11. Which of the following are eligible for a Citizen's Property Insurance policy?
A) Single-family homes
B) Condo unit owners
C) Mobile Homes
D) All of the above: D:
Read Section 16.2 for a complete review.
12. Generally speaкing, to have the status to legally contract in Florida a person
must be at least years of age.
A) 16
