PUBLIC ADJUSTERS FLORIDA STATE EXAM 3 – 20
ACTUAL EXAM WITH CORRECT ACTUAL
QUESTIONS AND CORRECTLY WELL DEFINED
ANSWERS
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Match Blocks Charms NEW
Terms in this set (140)
The insurer and insured agree to a Agreed Value Policies
specific value of insured item
Someone who has care, custody or Bailee
control of another's property
Claim filed by policy holder against First Party Claim
his _
, When a person who entrusts another Negligent Entrustment
with an object and it results in injury
to someone can be held liable for the
injury to someone. Can be held liable
for the injury i.e. Firearm or DWI
Hazard that results from a conscious Moral Hazard
decision made by an insured to
participate in a manner or behavior
more likely to result in a loss because
they have insurance
Used to provide temporary insurance Binder
coverage until an insurance policy
can be written
Required by lenders to guarantee Completion Bonds
that outstanding loans against a job
are paid upon completion
The section of an insurance policy Declarations
identifying the insured,
endorsements, coverages, limits, and
premiums
Policyholder cannot transfer the Assignment
policy to someone else without
written permission from their
insurance company
An instance, behavior or environment Hazard
that increases the likelihood of a loss
on an insured item
ACTUAL EXAM WITH CORRECT ACTUAL
QUESTIONS AND CORRECTLY WELL DEFINED
ANSWERS
Play your way to mastery with fun games
Match Blocks Charms NEW
Terms in this set (140)
The insurer and insured agree to a Agreed Value Policies
specific value of insured item
Someone who has care, custody or Bailee
control of another's property
Claim filed by policy holder against First Party Claim
his _
, When a person who entrusts another Negligent Entrustment
with an object and it results in injury
to someone can be held liable for the
injury to someone. Can be held liable
for the injury i.e. Firearm or DWI
Hazard that results from a conscious Moral Hazard
decision made by an insured to
participate in a manner or behavior
more likely to result in a loss because
they have insurance
Used to provide temporary insurance Binder
coverage until an insurance policy
can be written
Required by lenders to guarantee Completion Bonds
that outstanding loans against a job
are paid upon completion
The section of an insurance policy Declarations
identifying the insured,
endorsements, coverages, limits, and
premiums
Policyholder cannot transfer the Assignment
policy to someone else without
written permission from their
insurance company
An instance, behavior or environment Hazard
that increases the likelihood of a loss
on an insured item
