Florida 6-20 All Lines Adjuster Test 100%
ACCURATE
A public adjuster represents the interest of:
A. The insurer
B. The Insured
C. The employer
D. The interest of the general public - ANSWER B. The insured
Which of the following is the type of report that indicates the initial results of a claim investigation?
A. Field Report
B. Interim Report
C. Full Report
D. None of the above - ANSWER A. Field Report
States have adopted statutes regarding claims adjusting. To avoid unfair treatment to a
claimant the adjuster must not:
A. Promptly investigate the claim.
B. Follow the laws regarding the number of days in which to commence an investigation.
C. Deny the claim until a fair and prompt investigation has commenced.
D. Pay the claim within a reasonable number of days after the final proof of loss has been
received. - ANSWER C. Deny the claim until a fair and prompt investigation has commenced.
Which of the following is not a claim settlement option?
A. Forcing the insured to sue by offering less than the claim is worth.
B. Repairing property.
C. Replacing with like kind and quality.
,D. Replace with new - ANSWER A. Forcing the insured to sue by offering less than the claim is worth.
The giving up of a known right is called:
A. Estoppel
B. Violation of policy conditions
C. Rebating
D. Waiver - ANSWER D. Waiver
An innocent party relies on certain statements made by the adjuster and is damaged as a
result. The guilty party may be legally prohibited from asserting that the fact does not exist
because of:
A. Waiver
B. Estoppel
C. Duties of the adjuster
D. Law of contract - ANSWER B. Estoppel
Should an insured fail to report a claim in a timely fashion the adjuster will usually:
A. Deny the claim.
B. Send the insured a reservation of rights letter.
C. Cease investigating.
D. Seek the advice of the company's attorney. - ANSWER B. Send the insured a reservation of rights
letter.
A company adjuster primarily represents the interests of:
A. The insured.
B. The claimant.
C. The insurer.
D. The public. - ANSWER C. The insurer.
, An adjuster's license will usually be revoked for which of the following reasons:
A. Denying claims that are not covered.
B. Failing to report a change of address.
C. Having been convicted of a misdemeanor.
D. Having been convicted of a felony. - ANSWER D. Having been convicted of a felony.
Which of the following results in immediate payment when the claimant signs a release
relinquishing his or her right to sue?
A. Scheduled Payment Release
B. Full Release Settlement
C. Advanced Payment
D. Structured Settlement - ANSWER B. Full Release Settlement
Which of the following relieves the financial burden on the claimant by making certain
payments to the claimant even before the claim can be negotiated?
A. No Release or Walk-Away
B. Rehabilitation
C. Advanced Payment
D. Open-Ended Release - ANSWER C. Advanced Payment
Which of the following statements is correct?
I. The Business Auto Policy uses 10 symbols to define covered vehicles
II. Symbols 30 and 31 apply to the Garage Policy.
A. I only.
B. II only.
C. Neither I nor II.
D. Both I and II. - ANSWER D. Both I and II.
, Which of the following is not a Business Auto endorsement?
A. Drive Other Car.
B. Change Other Driver.
C. Individual Named Insured.
D. Mobile Equipment. - ANSWER B. Change Other Driver.
Under the Business Auto Policy, each of the following is true about classification of
"covered autos," except:
A. "Any auto" is the broadest coverage classification.
B. An insured may select different classifications for different coverages.
C. All classes of newly acquired autos are automatically covered.
D. "Hired autos" includes autos the insured leases, hires, rents or borrows. - ANSWER C. All classes of
newly acquired autos are automatically covered.
According to the Business Auto definitions, an "accident":
A. Includes continuous or repeated exposure to the same conditions.
B. Must be sudden and unexpected.
C. Must be unexpected and unpreventable.
D. Is any event that causes injury or damage. - ANSWER A. Includes continuous or repeated exposure to
the same conditions.
Joseph Young, who is insured under a Business Auto policy, is involved in an accident.
He and the insurance company disagree on the amount to be paid for the damage to his
car. Under the terms of the policy, which of the following statements is true:
A. Each party engages an appraiser, and the appraisers will select an umpire.
B. Mr. Young must accept the insurance company's estimate.
C. Each party engages an appraiser, and the appraisers will decide the amount.
D. The estimates of both parties will be averaged. - ANSWER A. Each party engages an appraiser, and the
appraisers will select an umpire
ACCURATE
A public adjuster represents the interest of:
A. The insurer
B. The Insured
C. The employer
D. The interest of the general public - ANSWER B. The insured
Which of the following is the type of report that indicates the initial results of a claim investigation?
A. Field Report
B. Interim Report
C. Full Report
D. None of the above - ANSWER A. Field Report
States have adopted statutes regarding claims adjusting. To avoid unfair treatment to a
claimant the adjuster must not:
A. Promptly investigate the claim.
B. Follow the laws regarding the number of days in which to commence an investigation.
C. Deny the claim until a fair and prompt investigation has commenced.
D. Pay the claim within a reasonable number of days after the final proof of loss has been
received. - ANSWER C. Deny the claim until a fair and prompt investigation has commenced.
Which of the following is not a claim settlement option?
A. Forcing the insured to sue by offering less than the claim is worth.
B. Repairing property.
C. Replacing with like kind and quality.
,D. Replace with new - ANSWER A. Forcing the insured to sue by offering less than the claim is worth.
The giving up of a known right is called:
A. Estoppel
B. Violation of policy conditions
C. Rebating
D. Waiver - ANSWER D. Waiver
An innocent party relies on certain statements made by the adjuster and is damaged as a
result. The guilty party may be legally prohibited from asserting that the fact does not exist
because of:
A. Waiver
B. Estoppel
C. Duties of the adjuster
D. Law of contract - ANSWER B. Estoppel
Should an insured fail to report a claim in a timely fashion the adjuster will usually:
A. Deny the claim.
B. Send the insured a reservation of rights letter.
C. Cease investigating.
D. Seek the advice of the company's attorney. - ANSWER B. Send the insured a reservation of rights
letter.
A company adjuster primarily represents the interests of:
A. The insured.
B. The claimant.
C. The insurer.
D. The public. - ANSWER C. The insurer.
, An adjuster's license will usually be revoked for which of the following reasons:
A. Denying claims that are not covered.
B. Failing to report a change of address.
C. Having been convicted of a misdemeanor.
D. Having been convicted of a felony. - ANSWER D. Having been convicted of a felony.
Which of the following results in immediate payment when the claimant signs a release
relinquishing his or her right to sue?
A. Scheduled Payment Release
B. Full Release Settlement
C. Advanced Payment
D. Structured Settlement - ANSWER B. Full Release Settlement
Which of the following relieves the financial burden on the claimant by making certain
payments to the claimant even before the claim can be negotiated?
A. No Release or Walk-Away
B. Rehabilitation
C. Advanced Payment
D. Open-Ended Release - ANSWER C. Advanced Payment
Which of the following statements is correct?
I. The Business Auto Policy uses 10 symbols to define covered vehicles
II. Symbols 30 and 31 apply to the Garage Policy.
A. I only.
B. II only.
C. Neither I nor II.
D. Both I and II. - ANSWER D. Both I and II.
, Which of the following is not a Business Auto endorsement?
A. Drive Other Car.
B. Change Other Driver.
C. Individual Named Insured.
D. Mobile Equipment. - ANSWER B. Change Other Driver.
Under the Business Auto Policy, each of the following is true about classification of
"covered autos," except:
A. "Any auto" is the broadest coverage classification.
B. An insured may select different classifications for different coverages.
C. All classes of newly acquired autos are automatically covered.
D. "Hired autos" includes autos the insured leases, hires, rents or borrows. - ANSWER C. All classes of
newly acquired autos are automatically covered.
According to the Business Auto definitions, an "accident":
A. Includes continuous or repeated exposure to the same conditions.
B. Must be sudden and unexpected.
C. Must be unexpected and unpreventable.
D. Is any event that causes injury or damage. - ANSWER A. Includes continuous or repeated exposure to
the same conditions.
Joseph Young, who is insured under a Business Auto policy, is involved in an accident.
He and the insurance company disagree on the amount to be paid for the damage to his
car. Under the terms of the policy, which of the following statements is true:
A. Each party engages an appraiser, and the appraisers will select an umpire.
B. Mr. Young must accept the insurance company's estimate.
C. Each party engages an appraiser, and the appraisers will decide the amount.
D. The estimates of both parties will be averaged. - ANSWER A. Each party engages an appraiser, and the
appraisers will select an umpire
