FL Adjuster practice test Latest 2024/2025 Questions & Answers Verified Answers (100% CORRECT ANSWERS

What requirements must Wholesalers and Distributors meet in order to be eligible for a BOP? - ANSWER 25% or less of floor space is available to the general public, and less than 25% of gross income may come from retail sales. The first step in the claim process is to - ANSWER Determining time and cost of repairs In Florida, an insurer has ___ days to pay or deny a claim. - ANSWER 90 Jerome was shopping at ABC Imports when a light fixture fell from the ceiling and hit him on the head. Jerome's injuries resulted in an extended hospital stay, so he sued ABC Imports and was awarded $400,000. Assuming ABC Imports carries a CGL with a General Aggregate of $750,000 and a per occurrence limit of $250,000, what is the maximum that ABC's insurer will pay for Jerome's injuries? - ANSWER $250,000 Which of the following best describes inland marine insurance? - ANSWER Insurance designed to protect property being transported on land and property related to transportation