6.20 ALL LINES ADJUSTER- FLORIDA- REVIEW OF
QUIZZES WITH ACCURATE ANSWERS UPDATED
ANSWERS .
The deductible - correct Answers -The dollar amount that the insured pays before the insurer is required
to pay the remainder of the loss is known as?
Replacement cost - correct Answers -Which loss settlement provides new for old?
the claims adjuster's role in the insurance industry includes - correct Answers -Give appropriate legal
advice and write binding contracts
following are examples of a peril - correct Answers -Lighting, Explosion and Fire
The abandonment clause - correct Answers -The clause that prohibits the insured from dumping
damaged property on the insurance company and demanding to be paid in full is?
Liberalization - correct Answers -When a policy change results in broadened coverage with no additional
premium, the insured automatically receives the benefit under the principle of?
Risk - correct Answers -The chance of financial loss is known as?
Percentage - correct Answers -Hurricane insurance in coastal areas in Florida is written subject to which
of the following deductibles?
Severability - correct Answers -Insurance may apply separately to each insured, as if the other insureds
did not exist. This is known as the doctrine of?
1
,The principle of proximate cause - correct Answers -When there is an unbroken connection between an
occurrence and the damage that arises from the occurrence, and all the resulting damage happened on
account of that occurrence, this is known as?
characteristics of a contract - correct Answers -Consideration must be given to at least one party
Primary - correct Answers -When two or more policies apply to the same loss, the one that pays first is
called?
Mortgagee Clause - correct Answers -The clause that protects the lender in a real property policy is the?
Indemnity - correct Answers -The concept that one should not profit from the payment provided by an
insurance policy is known as?
Property or first-party insurance - correct Answers -Payment the insurance company makes directly to
the insured is?
Written - correct Answers -To be considered an insurance contract, a policy must be?
Subrogation - correct Answers -When the insured transfers his/her rights to collect for damages to the
insurer, it is known as?
The insured - correct Answers -If an insurance policy is unclear or ambiguous, in whose favor does the
policy respond?
Insurable interest - correct Answers -A partial owner of a building cannot receive full value for the
building in the event of a loss because of?
Comparative negligence - correct Answers -Reduces the insured's damages by the degree of negligence
the following are part of an insurance policy - correct Answers -Exclusions, Declarations and
Endorsementd
2
,ACV - correct Answers -replacement cost minus depreciation
The insured's house is totally destroyed in a fire. The house is insured for $200,000. The adjuster who
investigates the claims determines the ACV of the home is $185,000. - correct Answers -The Florida
Valued Policy Law requires the insurer to pay $200,000
describe a franchise deductible - correct Answers -No payment is made until the loss equals or exceeds
the amount of the deductible and then the loss is paid in full
All of the following are characteristics of an insurance contract EXCEPT? Personal, Private, Conditional,
Adhesion? - correct Answers -Private
If a claimant is represented by an attorney, the adjuster should? - correct Answers -Only meet with the
client when the attorney is present
Adjusters should advise claimants on? - correct Answers -claims information
An adjuster is required to notify a claimant when a claim is denied. The notification must be? - correct
Answers -Written
The term ethics refers to? - correct Answers -service to others, personal respect and proper mode of
conduct
When an adjuster deals with a claimant who is not a policyholder, this claim is known as an? - correct
Answers -third party claim
The successful adjuster/negotiator should understand that communication includes all of the following
EXCEPT?
Select one:
A. Verbal and non-verbal messages
B. Questioning
3
, C. Listening
D. Decision-making - correct Answers -Decision-making
Which of the following is not a duty of the claims adjuster?
Select one:
A. Investigating
B. Evaluating
C. Negotiating
D. Counseling - correct Answers -Counseling
The adjuster's duty to the insurer is best described as?
Select one:
A. Friendly
B. Factual
C. Fun
D. Fiduciary - correct Answers -Fiduciary
Errors and Omissions claims are a result of?
Select one:
A. unethical behavior
B. lack of knowledge or information
C. Both unethical behavior and lack of knowledge or information are correct
D. Neither unethical behavior and lack of knowledge or information are correct - correct Answers -Both
unethical behavior and lack of knowledge or information are correct
Unethical behavior affects?
Select one:
A. The claimant
B. The adjuster
4
QUIZZES WITH ACCURATE ANSWERS UPDATED
ANSWERS .
The deductible - correct Answers -The dollar amount that the insured pays before the insurer is required
to pay the remainder of the loss is known as?
Replacement cost - correct Answers -Which loss settlement provides new for old?
the claims adjuster's role in the insurance industry includes - correct Answers -Give appropriate legal
advice and write binding contracts
following are examples of a peril - correct Answers -Lighting, Explosion and Fire
The abandonment clause - correct Answers -The clause that prohibits the insured from dumping
damaged property on the insurance company and demanding to be paid in full is?
Liberalization - correct Answers -When a policy change results in broadened coverage with no additional
premium, the insured automatically receives the benefit under the principle of?
Risk - correct Answers -The chance of financial loss is known as?
Percentage - correct Answers -Hurricane insurance in coastal areas in Florida is written subject to which
of the following deductibles?
Severability - correct Answers -Insurance may apply separately to each insured, as if the other insureds
did not exist. This is known as the doctrine of?
1
,The principle of proximate cause - correct Answers -When there is an unbroken connection between an
occurrence and the damage that arises from the occurrence, and all the resulting damage happened on
account of that occurrence, this is known as?
characteristics of a contract - correct Answers -Consideration must be given to at least one party
Primary - correct Answers -When two or more policies apply to the same loss, the one that pays first is
called?
Mortgagee Clause - correct Answers -The clause that protects the lender in a real property policy is the?
Indemnity - correct Answers -The concept that one should not profit from the payment provided by an
insurance policy is known as?
Property or first-party insurance - correct Answers -Payment the insurance company makes directly to
the insured is?
Written - correct Answers -To be considered an insurance contract, a policy must be?
Subrogation - correct Answers -When the insured transfers his/her rights to collect for damages to the
insurer, it is known as?
The insured - correct Answers -If an insurance policy is unclear or ambiguous, in whose favor does the
policy respond?
Insurable interest - correct Answers -A partial owner of a building cannot receive full value for the
building in the event of a loss because of?
Comparative negligence - correct Answers -Reduces the insured's damages by the degree of negligence
the following are part of an insurance policy - correct Answers -Exclusions, Declarations and
Endorsementd
2
,ACV - correct Answers -replacement cost minus depreciation
The insured's house is totally destroyed in a fire. The house is insured for $200,000. The adjuster who
investigates the claims determines the ACV of the home is $185,000. - correct Answers -The Florida
Valued Policy Law requires the insurer to pay $200,000
describe a franchise deductible - correct Answers -No payment is made until the loss equals or exceeds
the amount of the deductible and then the loss is paid in full
All of the following are characteristics of an insurance contract EXCEPT? Personal, Private, Conditional,
Adhesion? - correct Answers -Private
If a claimant is represented by an attorney, the adjuster should? - correct Answers -Only meet with the
client when the attorney is present
Adjusters should advise claimants on? - correct Answers -claims information
An adjuster is required to notify a claimant when a claim is denied. The notification must be? - correct
Answers -Written
The term ethics refers to? - correct Answers -service to others, personal respect and proper mode of
conduct
When an adjuster deals with a claimant who is not a policyholder, this claim is known as an? - correct
Answers -third party claim
The successful adjuster/negotiator should understand that communication includes all of the following
EXCEPT?
Select one:
A. Verbal and non-verbal messages
B. Questioning
3
, C. Listening
D. Decision-making - correct Answers -Decision-making
Which of the following is not a duty of the claims adjuster?
Select one:
A. Investigating
B. Evaluating
C. Negotiating
D. Counseling - correct Answers -Counseling
The adjuster's duty to the insurer is best described as?
Select one:
A. Friendly
B. Factual
C. Fun
D. Fiduciary - correct Answers -Fiduciary
Errors and Omissions claims are a result of?
Select one:
A. unethical behavior
B. lack of knowledge or information
C. Both unethical behavior and lack of knowledge or information are correct
D. Neither unethical behavior and lack of knowledge or information are correct - correct Answers -Both
unethical behavior and lack of knowledge or information are correct
Unethical behavior affects?
Select one:
A. The claimant
B. The adjuster
4
