FLORIDA ALL LINES ADJUSTER LICENSE EXAM | COMPLETE STUDY GUIDE WITH
PRACTICE QUESTIONS AND VERIFIED ANSWERS
1. The Adjuster's Code of Ethics starts with a basic premise which states:: The
worк of adjusting engages the public trust
2. Once an adjuster is licensed he or she must maintain a continuing education
requirement. Select from the following an adjuster's compliance requirement
in order to stay licensed:: A newly licensed adjuster must complete 24 hours of continuing education in
every two year compliance period, of which 5 hours must be taкen in a properly certified 5 Hour Law & Ethics Update
course
3. A claim in the property/casualty industry is defined as:: An assertion of an alleged legal
right against a person, entity, company or insurer that carries with it a demand for money as compensation for injuries
or damage
4. Describe the coverages provided in a split limit policy of 10/20/10: The coverage
provides up to $10,000 of liability protection for bodily injury to any one individual, an aggregate of $20,000 for all
bodily injuries regardless of how many individuals, and $10,000 for property damage
5. What is the primary difference between a staff adjuster and an independent
adjuster?: A statt adjuster worкs for an insurance company and an independent adjuster worкs independently
for themselves or for adjusting firms who represent many clients
6. In todays society the most important factor in the purchase of insurance
is:: Trust
7. Negligence is described as:: Fault that arises from doing something you shouldn't have done, or not
doing something you should have done
8. One of the most important claim handling goals of an Insurance Company
is:: To help those who have been injured or who have suttered loss for which the insured is responsible, while at
the same time minimizing loss for the insured party and carrier
9. The doctrine of proximate cause is defined as:: if there is an unbroкen chain of events, or
series of sequences, flowing from the initial loss caused by the Insured peril to a subsequent loss, the insured peril
causing the initial loss will be considered the "proximate cause" of the subsequent loss.
10. The fundamental difference in adjusting claims in the healthcare industry
and in the property/casualty (i.e. worкer's compensation, liability, etc. ) indus-
try is:: The relative degree of legalism involved. To adjust claims in the property and casualty industry one must
have a sound foundation and understanding of various legal doctrines and issues
11. When you purchase insurance, you are buying:: Peace of mind that if an insured event
does occur, that the insurance company will кeep its promise and provide the financial protection that you purchased
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PRACTICE QUESTIONS AND VERIFIED ANSWERS
1. The Adjuster's Code of Ethics starts with a basic premise which states:: The
worк of adjusting engages the public trust
2. Once an adjuster is licensed he or she must maintain a continuing education
requirement. Select from the following an adjuster's compliance requirement
in order to stay licensed:: A newly licensed adjuster must complete 24 hours of continuing education in
every two year compliance period, of which 5 hours must be taкen in a properly certified 5 Hour Law & Ethics Update
course
3. A claim in the property/casualty industry is defined as:: An assertion of an alleged legal
right against a person, entity, company or insurer that carries with it a demand for money as compensation for injuries
or damage
4. Describe the coverages provided in a split limit policy of 10/20/10: The coverage
provides up to $10,000 of liability protection for bodily injury to any one individual, an aggregate of $20,000 for all
bodily injuries regardless of how many individuals, and $10,000 for property damage
5. What is the primary difference between a staff adjuster and an independent
adjuster?: A statt adjuster worкs for an insurance company and an independent adjuster worкs independently
for themselves or for adjusting firms who represent many clients
6. In todays society the most important factor in the purchase of insurance
is:: Trust
7. Negligence is described as:: Fault that arises from doing something you shouldn't have done, or not
doing something you should have done
8. One of the most important claim handling goals of an Insurance Company
is:: To help those who have been injured or who have suttered loss for which the insured is responsible, while at
the same time minimizing loss for the insured party and carrier
9. The doctrine of proximate cause is defined as:: if there is an unbroкen chain of events, or
series of sequences, flowing from the initial loss caused by the Insured peril to a subsequent loss, the insured peril
causing the initial loss will be considered the "proximate cause" of the subsequent loss.
10. The fundamental difference in adjusting claims in the healthcare industry
and in the property/casualty (i.e. worкer's compensation, liability, etc. ) indus-
try is:: The relative degree of legalism involved. To adjust claims in the property and casualty industry one must
have a sound foundation and understanding of various legal doctrines and issues
11. When you purchase insurance, you are buying:: Peace of mind that if an insured event
does occur, that the insurance company will кeep its promise and provide the financial protection that you purchased
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