Florida Insurance Adjuster Licensing
Test Questions With Rationales Answers
The policy period is found in what part of an insurance contract? - ANSWER-
Declarations
Insurance policies are said to be contracts of... - ANSWER-Adhesion
The failure to exercise due care is known as - ANSWER-Negligence
A building is destroyed by flood. The loss of profits from renting the building is -
ANSWER-Indirect Loss
The notice required for cancellation of an Auto Binders is _____ days - ANSWER-5
Property Insurance means - ANSWER-Insurance where the payment by the insurance
company will be directly to the insured
An insurance contract is based on the principle of - ANSWER-utmost good faith
two kinds of waivers are - ANSWER-Express and Implied
Proximate cause is the ____ between the occurrence and damage which grows ... the
occurrence is the - ANSWER-unbroken connection
Replacement Cost may be a violation of - ANSWER-Principle of Indemnity
Coinsurance of 80% regarding a $1 million dollar property means the insured must carry
insurance amount of - ANSWER-$800,000
, a 5% hurricane deductible in a homeowner's policy insuring a $100,000 home would be
- ANSWER-$5000
Giving up a known right voluntarily is known as a - ANSWER-waiver
in order for an insured's residence to be considered the insured's principal residence for
the purpose of Flood Insurance, the insured must live in the dwelling at least _____ of
the time - ANSWER-80%
A health policy that only provides benefits for a single illness is known as - ANSWER-
Dread Disease Policy
Adjusters shall not give ______ advice - ANSWER-Legal
PIP has a basic limit of - ANSWER-$10,000
The cost to replace an item less-depreciation is a description of - ANSWER-Actual Cash
Value
According to the ethical requirements, an adjsuter shall never approach adjustments in
a manner ______ to the insured - ANSWER-prejudicial
An adjuster is required to notify the department of a change of name or address within -
ANSWER-30 days
in the event of a catastrophe the Department may appoint emergency adjusters for what
length of time - ANSWER-for the period of emergency it shall determine
an insurer formed under the laws of Florida would be considered - ANSWER-a domestic
insurer
a public adjuster is required to post a _______ bond - ANSWER-$50,000
Test Questions With Rationales Answers
The policy period is found in what part of an insurance contract? - ANSWER-
Declarations
Insurance policies are said to be contracts of... - ANSWER-Adhesion
The failure to exercise due care is known as - ANSWER-Negligence
A building is destroyed by flood. The loss of profits from renting the building is -
ANSWER-Indirect Loss
The notice required for cancellation of an Auto Binders is _____ days - ANSWER-5
Property Insurance means - ANSWER-Insurance where the payment by the insurance
company will be directly to the insured
An insurance contract is based on the principle of - ANSWER-utmost good faith
two kinds of waivers are - ANSWER-Express and Implied
Proximate cause is the ____ between the occurrence and damage which grows ... the
occurrence is the - ANSWER-unbroken connection
Replacement Cost may be a violation of - ANSWER-Principle of Indemnity
Coinsurance of 80% regarding a $1 million dollar property means the insured must carry
insurance amount of - ANSWER-$800,000
, a 5% hurricane deductible in a homeowner's policy insuring a $100,000 home would be
- ANSWER-$5000
Giving up a known right voluntarily is known as a - ANSWER-waiver
in order for an insured's residence to be considered the insured's principal residence for
the purpose of Flood Insurance, the insured must live in the dwelling at least _____ of
the time - ANSWER-80%
A health policy that only provides benefits for a single illness is known as - ANSWER-
Dread Disease Policy
Adjusters shall not give ______ advice - ANSWER-Legal
PIP has a basic limit of - ANSWER-$10,000
The cost to replace an item less-depreciation is a description of - ANSWER-Actual Cash
Value
According to the ethical requirements, an adjsuter shall never approach adjustments in
a manner ______ to the insured - ANSWER-prejudicial
An adjuster is required to notify the department of a change of name or address within -
ANSWER-30 days
in the event of a catastrophe the Department may appoint emergency adjusters for what
length of time - ANSWER-for the period of emergency it shall determine
an insurer formed under the laws of Florida would be considered - ANSWER-a domestic
insurer
a public adjuster is required to post a _______ bond - ANSWER-$50,000
