FLORIDA CLAIMS ADJUSTER EXAM 2026 - COMPLETE
QUESTIONS WITH VERIFIED ANSWERS
1. The principle that insurance applies separately to each insured as if
other insureds did not exist is defined as:
A. Conditional Contract
B. Warranty
C. Severability
D. Indemnity
Correct Answer: C. Severability
Severability means each insured is treated separately under the policy,
so one insured's actions or coverage status do not affect another
insured's coverage.
2. What is the minimum Personal Injury Protection (PIP) coverage
required in Florida?
A. $5,000 per person
B. $10,000 per person
C. $15,000 per person
D. $20,000 per person
**Correct Answer: B. $10,000 per person**
Florida law requires every driver to carry a minimum of $10,000 in PIP
coverage to operate a motor vehicle.
3. A(n) ______ is one wherein economic loss would be suffered from
an adverse happening to the subject:
,A. Conditional Contract
B. Personal Contract
C. Economic Contract
D. Insurable Interest
Correct Answer: D. Insurable Interest
Insurable interest exists when the insured would suffer an economic
loss from damage to the subject of insurance.
4. The time frame for an insured to seek medical treatment after a car
accident to be eligible for PIP benefits in Florida is:
A. 7 days
B. 10 days
C. 14 days
D. 21 days
Correct Answer: C. 14 days
To be eligible for PIP benefits after a car accident, an injured person
must seek medical treatment within 14 days of the accident.
5. The Loss Settlement Valuation that subtracts an allowance for
depreciation is defined as:
A. Replacement Cost
B. Actual Cash Value
C. "Old for New"
D. Market Value
Correct Answer: B. Actual Cash Value
Actual Cash Value (ACV) is calculated as Replacement Cost minus
depreciation.
6. Under Florida law, the statute of limitations for breach of a written
insurance contract is:
,A. 2 years
B. 3 years
C. 4 years
D. 5 years
Correct Answer: D. 5 years
The statute of limitations for breach of a written insurance contract in
Florida is 5 years under F.S. § 95.11(2)(b).
7. A policy condition, either based on information in the insured's
application or inserted by the insurer, is defined as:
A. Misrepresentation
B. Concealment
C. Warranty
D. Condition Precedent
Correct Answer: C. Warranty
A warranty is a policy condition based on the insured's application or
inserted by the insurer that must be true for coverage to apply.
8. The ______ states that when there is an unbroken connection
between an occurrence and damage that grows out of the occurrence,
the resultant damage is all a part of the occurrence:
A. Doctrine of Perils & Hazards
B. Doctrine of Proximate Cause
C. Insurance Policy Handbook
D. Doctrine of Property Insurance
Correct Answer: B. Doctrine of Proximate Cause
Proximate cause establishes that when there is an unbroken chain of
events from an occurrence to resulting damage, all damage is part of
the original occurrence.
, 9. Which type of adjuster is only allowed to work on claims relating to
a disaster and may be from another state?
A. Staff Adjuster
B. Independent Adjuster
C. Emergency Adjuster
D. Public Adjuster
Correct Answer: C. Emergency Adjuster
Emergency adjusters are licensed in other states and can act as
emergency adjusters in Florida specifically for disaster-related claims.
10. The Commercial Property Contract includes all of the following,
EXCEPT:
A. Common Policy Conditions
B. Commercial Property Conditions
C. Coverage Form
D. Commercial Loss Schedule
Correct Answer: D. Commercial Loss Schedule
The Commercial Property Contract includes Common Policy Conditions,
Commercial Property Conditions, Coverage Form, Declarations, Causes
of Loss Form, and Endorsements.
11. In 1945, Congress passed which Act that affirmed states' authority
to regulate insurance?
A. Sherman Act
B. Clayton Act
C. McCarran-Ferguson Act
D. Gramm-Leach-Bliley Act
Correct Answer: C. McCarran-Ferguson Act
The McCarran-Ferguson Act of 1945 confirmed that states have the
authority to regulate the business of insurance.
QUESTIONS WITH VERIFIED ANSWERS
1. The principle that insurance applies separately to each insured as if
other insureds did not exist is defined as:
A. Conditional Contract
B. Warranty
C. Severability
D. Indemnity
Correct Answer: C. Severability
Severability means each insured is treated separately under the policy,
so one insured's actions or coverage status do not affect another
insured's coverage.
2. What is the minimum Personal Injury Protection (PIP) coverage
required in Florida?
A. $5,000 per person
B. $10,000 per person
C. $15,000 per person
D. $20,000 per person
**Correct Answer: B. $10,000 per person**
Florida law requires every driver to carry a minimum of $10,000 in PIP
coverage to operate a motor vehicle.
3. A(n) ______ is one wherein economic loss would be suffered from
an adverse happening to the subject:
,A. Conditional Contract
B. Personal Contract
C. Economic Contract
D. Insurable Interest
Correct Answer: D. Insurable Interest
Insurable interest exists when the insured would suffer an economic
loss from damage to the subject of insurance.
4. The time frame for an insured to seek medical treatment after a car
accident to be eligible for PIP benefits in Florida is:
A. 7 days
B. 10 days
C. 14 days
D. 21 days
Correct Answer: C. 14 days
To be eligible for PIP benefits after a car accident, an injured person
must seek medical treatment within 14 days of the accident.
5. The Loss Settlement Valuation that subtracts an allowance for
depreciation is defined as:
A. Replacement Cost
B. Actual Cash Value
C. "Old for New"
D. Market Value
Correct Answer: B. Actual Cash Value
Actual Cash Value (ACV) is calculated as Replacement Cost minus
depreciation.
6. Under Florida law, the statute of limitations for breach of a written
insurance contract is:
,A. 2 years
B. 3 years
C. 4 years
D. 5 years
Correct Answer: D. 5 years
The statute of limitations for breach of a written insurance contract in
Florida is 5 years under F.S. § 95.11(2)(b).
7. A policy condition, either based on information in the insured's
application or inserted by the insurer, is defined as:
A. Misrepresentation
B. Concealment
C. Warranty
D. Condition Precedent
Correct Answer: C. Warranty
A warranty is a policy condition based on the insured's application or
inserted by the insurer that must be true for coverage to apply.
8. The ______ states that when there is an unbroken connection
between an occurrence and damage that grows out of the occurrence,
the resultant damage is all a part of the occurrence:
A. Doctrine of Perils & Hazards
B. Doctrine of Proximate Cause
C. Insurance Policy Handbook
D. Doctrine of Property Insurance
Correct Answer: B. Doctrine of Proximate Cause
Proximate cause establishes that when there is an unbroken chain of
events from an occurrence to resulting damage, all damage is part of
the original occurrence.
, 9. Which type of adjuster is only allowed to work on claims relating to
a disaster and may be from another state?
A. Staff Adjuster
B. Independent Adjuster
C. Emergency Adjuster
D. Public Adjuster
Correct Answer: C. Emergency Adjuster
Emergency adjusters are licensed in other states and can act as
emergency adjusters in Florida specifically for disaster-related claims.
10. The Commercial Property Contract includes all of the following,
EXCEPT:
A. Common Policy Conditions
B. Commercial Property Conditions
C. Coverage Form
D. Commercial Loss Schedule
Correct Answer: D. Commercial Loss Schedule
The Commercial Property Contract includes Common Policy Conditions,
Commercial Property Conditions, Coverage Form, Declarations, Causes
of Loss Form, and Endorsements.
11. In 1945, Congress passed which Act that affirmed states' authority
to regulate insurance?
A. Sherman Act
B. Clayton Act
C. McCarran-Ferguson Act
D. Gramm-Leach-Bliley Act
Correct Answer: C. McCarran-Ferguson Act
The McCarran-Ferguson Act of 1945 confirmed that states have the
authority to regulate the business of insurance.
