Florida Claims Adjuster Exam Questions And Correct Verified Answers

FLORIDA CLAIMS ADJUSTER EXAM
QUESTIONS AND CORRECT VERIFIED
ANSWERS
FrankA2ownedA2aA2homeA2thatA2wasA2destroyedA2byA2aA2hurricane.A2BothA2ABCA2andA2XY
ZA2BanksA2wereA2listedA2asA2additionalA2interestsA2onA2hisA2homeownerA2policy.A2TheA2in
suranceA2companyA2willA2makeA2aA2paymentA2to:A2
A.A2TheA2firstA2mortgagee,A2ABC
B.A2TheA2Insured
C.A2JointlyA2toA2ABCA2andA2XYZ
D.A2AllA2listedA2interestsA2-A2Ans--D.A2AllA2listedA2interests
RememberA2thatA2theA2insurerA2isA2notA2responsibleA2toA2knowA2theA2degreesA2ofA2interes
t.A2InA2theA2eventA2ofA2aA2loss,A2oneA2paymentA2isA2madeA2byA2theA2insurerA2andA2itA2isA2u
pA2toA2theA2additionalA2interestsA2onA2workingA2outA2theirA2share.

InsuranceA2appliesA2separatelyA2toA2eachA2insuredA2asA2ifA2otherA2insuredsA2didA2notA2exi
st.A2ThisA2isA2definedA2as:
A.A2Severability
B.A2Conditional
C.A2Warranty
D.A2NoneA2ofA2theA2aboveA2-A2Ans--A.A2Severability

PropertyA2insuranceA2policiesA2usuallyA2containA2a(n)A2__________A2clause,A2statingA2th
eA2insuredA2cannotA2dumpA2damagedA2propertyA2onA2theA2insurerA2andA2demandA2itsA2full
A2value:
A.A2ProA2Rata
B.A2Abandonment
C.A2Liberalization
D.A2AllA2ofA2theA2aboveA2-A2Ans--B.A2Abandonment

A(n)A2__________A2isA2oneA2whereinA2economicA2lossA2wouldA2beA2sufferedA2fromA2anA2a
dverseA2happeningA2toA2theA2subject:
A.A2ConditionalA2Contract
B.A2PersonalA2Contract
C.A2EconomicA2Contract
D.A2InsurableA2InterestA2-A2Ans--D.A2InsurableA2Interest

StatesA2thatA2ifA2theA2insurerA2adoptsA2aA2revisionA2whichA2wouldA2broadenA2coverageA2wi
thoutA2additionalA2premiumA2withinA2someA2periodA2ofA2timeA2priorA2toA2theA2policyA2perio
dA2orA2duringA2theA2policyA2period,A2theA2insuredA2receivesA2theA2benefitA2ofA2suchA2broad
enedA2coverage.
A.A2CancellationA2Clause
B.A2PolicyA2Period
C.A2ProA2Rata

,D.A2LiberalizationA2-A2Ans--D.A2Liberalization
TheA2timeA2frameA2isA2typicallyA260A2days.

TheA2__________A2statesA2thatA2whenA2thereA2isA2anA2unbrokenA2connectionA2betweenA2
anA2occurrenceA2andA2damageA2thatA2growsA2outA2ofA2theA2occurrence,A2thenA2theA2result
antA2damageA2isA2allA2aA2partA2ofA2theA2occurrence.
A.A2DoctrineA2ofA2ProximateA2Cause
B.A2DoctrineA2ofA2PerilsA2&A2Hazards
C.A2InsuranceA2PolicyA2Handbook
D.A2DoctrineA2ofA2PropertyA2InsuranceA2-A2Ans--A.A2DoctrineA2ofA2ProximateA2Cause
ForA2example,A2ifA2aA2propertyA2insuranceA2policyA2coversA2theA2perilA2ofA2fireA2butA2furthe
rA2damageA2isA2causedA2byA2smoke,A2waterA2usedA2toA2extinguish,A2andA2theA2processA2o
fA2movingA2propertyA2awayA2-
A2fireA2isA2consideredA2toA2beA2theA2*proximateA2cause*A2ofA2allA2ofA2theA2damage.


TheA2LossA2SettlementA2ValuationA2thatA2subtractsA2anA2allowanceA2forA2depreciationA2isA
2definedA2as?
A.A2ActualA2CashA2Value
B.A2ReplacementA2Cost
C.A2"OldA2forA2New"
D.A2NoneA2ofA2theA2AboveA2-A2Ans--A.A2ActualA2CashA2Value

AA2policyA2condition,A2eitherA2basedA2onA2informationA2inA2theA2insured'sA2applicationA2orA
2insertedA2byA2theA2insurer,A2isA2definedA2as:
A.A2Warranty
B.A2Misrepresentation
C.A2Concealment
D.A2NoneA2ofA2theA2AboveA2-A2Ans--A.A2Warranty

TheA2followingA2areA2basicA2characteristicsA2ofA2aA2propertyA2orA2liabilityA2insuranceA2cont
ract,A2except:
A.A2PersonalA2Contract
B.A2ConditionalA2Contract
C.A2LossA2ofA2SettlementA2Contract
D.A2ContractA2ofA2AdhesionA2-A2Ans--C.A2LossA2ofA2SettlementA2Contract

TheA2Insurer'sA2responsibilityA2toA2payA2forA2aA2propertyA2lossA2mayA2beA2conditionedA2on
A2theA2insuredA2havingA2usedA2reasonableA2meansA2toA2avoidA2theA2loss,A2toA2protectA2the
A2propertyA2againstA2furtherA2loss,A2andA2toA2giveA2theA2insurerA2proofA2ofA2theA2lossA2isA2d
efinedA2as?
A.A2ConditionalA2Contract
B.A2AdhesionA2Contract
C.A2IndemnityA2Contract
D.A2AllA2ofA2theA2AboveA2-A2Ans--A.A2ConditionalA2Contract
"mayA2beA2conditioned"

,WhichA2ofA2theA2followingA2isA2notA2oneA2ofA2theA2"Thresholds"A2inA2theA2"No-Fault"A2law?
A.A2DeathA2ofA2theA2Insured
B.A2TemporaryA2InjuryA2ofA2theA2Insured
C.A2AA2permanentA2lossA2ofA2aA2bodilyA2function
D.A2PermanentA2scarringA2onA2theA2faceA2ofA2theA2insuredA2-A2Ans--
B.A2TemporaryA2InjuryA2ofA2theA2Insured
AlsoA2included:A2permanentA2injuryA2otherA2thanA2scarringA2andA2disfigurement

UnderA2MechanicalA2BreakdownA2Coverage,A2newA2carsA2areA2eligibleA2forA2serviceA2upA2
to:
A.A236A2Months/36,000A2Miles
B.A224A2Months/36,000A2Miles
C.A212,000A2Months/12,000A2Miles
D.A212A2Months/36,000A2MilesA2-A2Ans--A.A236A2Months/36,000A2Miles
UsedA2vehicles:A212A2Months/12,000A2Miles

IfA2financialA2responsibilityA2doesn'tA2existA2atA2theA2timeA2ofA2anA2accident,A2whichA2ofA2th
eA2followingA2thingsA2mustA2happenA2toA2avoidA2penalties?
A.A2TheA2legallyA2validA2claimsA2ofA2othersA2mustA2beA2satisfiedA2(upA2toA210/20/10)
B.A2TheA2ownerA2andA2operatorA2mustA2provideA2certificationA2ofA2futureA2responsibilityA2f
orA2futureA2accidents
C.A2BothA2AA2&A2B
D.A2NoneA2ofA2theA2AboveA2-A2Ans--C.A2BothA2AA2&A2B

AsA2toA2requiredA2proofA2forA2futureA2accidentsA2byA2purchaseA2ofA2autoA2liabilityA2insuran
ce,A2theA2insurerA2mustA2makeA2aA2filingA2(FormA2SR-
22)A2certifyingA2thatA2coverageA2isA2inA2effect,A2andA2thisA2certificationA2mustA2remainA2on
A2fileA2forA2__________A2years:A2
A.A21
B.A23
C.A24
D.A22A2-A2Ans--B.A23

TheA2BusinessA2AutomobileA2PolicyA2includesA2allA2ofA2theA2followingA2coverageA2formsA2
except:
A.A2TheA2GarageA2CoverageA2Form
B.A2TheA2TrailerA2InterchangeA2CoverageA2Form
C.A2TheA2TruckersA2CoverageA2Form
D.A2TheA2BusinessA2AutoA2CoverageA2FormA2-A2Ans--
B.A2TheA2TrailerA2InterchangeA2CoverageA2Form

PersonalA2InjuryA2Protection,A2orA2PIP,A2hasA2aA2__________A2perA2person,A2perA2accide
ntA2limit.
A.A210,000
B.A220,000
C.A21,000

, D.A2DependsA2onA2theA2damagedA2propertyA2-A2Ans--A.A210,000

UsedA2toA2insureA2businessesA2engagedA2inA2selling,A2servicing,A2repairing,A2parkingA2orA
2storingA2automobiles:
A.A2ServicingA2CoverageA2Form
B.A2GarageA2CoverageA2Form
C.A2TruckersA2CoverageA2Form
D.A2NoneA2ofA2theA2AboveA2-A2Ans--B.A2GarageA2CoverageA2Form

TheA2followingA2examplesA2areA2referredA2toA2asA2__________A2liabilityA2limits:A225/50/25
A2orA210/20/10.
A.A2Split
B.A2Single
C.A2Straight
D.A2NoneA2ofA2theA2AboveA2-A2Ans--A.A2Split
10/20/10A2=A2
10,000A2perA2personA2injured
20,000A2allA2injuriesA2combined
10,000A2propertyA2damage
ExampleA2ofA2straightA2liabilityA2limitA2=A2$30,000

JeremyA2hasA2aA2notA2atA2faultA2accident.A2IfA2heA2hasA2PIPA2withA2aA2$1,000A2deductible,
A2howA2muchA2canA2heA2expectA2hisA2PIPA2coverageA2toA2payA2towardA2hisA2medicalA2bills
A2thatA2totalA2$3,000?
A.A2$1,600
B.A2$1,000
C.A2$2,400
D.A2$3,000A2-A2Ans--A.A2$1,600
3000A2(bills)A2-A21000A2(deductible)A2=A2
2000A2xA2.80A2(eightyA2percent)

FrankA2hasA2aA2not-at-
faultA2accident,A2heA2hasA2basicA2PIP,A2noA2deductibleA2andA2MedA2payA2ofA2$5,000.A2Ho
wA2muchA2willA2hisA2MedA2PayA2contributeA2toA2medicalA2billsA2ofA2$15,000?
A.A2$15,000
B.A2$5,000
C.A2$3,000
D.A2$0,A2FrankA2isA2not-at-faultA2-A2Ans--B.A2$5,000
MedicalA2PaymentA2limitsA2applyA2perA2person;A2FrankA2willA2receiveA2fullA2amountA2towar
dsA2medicalA2bills.

WhichA2ofA2theA2followingA2isA2notA2oneA2ofA2theA2ratingA2factorsA2forA2aA2Homeowner'sA2P
olicy?
A.A2TypeA2ofA2Construction
B.A2LocationA2ofA2Risk
C.A2AgeA2&A2GenderA2ofA2Insured