Florida Claims Adjuster Exam 620
All Lines Adjuster Florida
What is the primary responsibility of a claims adjuster?
A) To sell insurance policies
B) To investigate and evaluate claims
C) To write insurance contracts
D) To represent clients in court
Answer: B) To investigate and evaluate claims
In Florida, how long does an insurer have to acknowledge receipt of a claim?
A) 3 days
,B) 7 days
C) 14 days
D) 21 days
Answer: B) 7 days
Which of the following is a type of coverage typically included in a homeowners
insurance policy?
A) Flood insurance
B) Earthquake insurance
C) Liability coverage
D) Workers' compensation
Answer: C) Liability coverage
What is the purpose of the “proof of loss” document?
A) To provide a record of the claim
B) To formally notify the insurer of a loss
C) To confirm coverage limits
D) To dispute a claim denial
Answer: B) To formally notify the insurer of a loss
Under Florida law, what must an adjuster do if they suspect fraudulent activity in a
claim?
A) Ignore the suspicion
B) Report it to the insurer
C) Inform the policyholder
D) Conduct a personal investigation
Answer: B) Report it to the insurer
Which of the following is NOT a required element of an insurance contract?
A) Offer and acceptance
B) Consideration
C) Legality of purpose
, D) Minimum premium payment
Answer: D) Minimum premium payment
What is the maximum fine for an adjuster found guilty of committing insurance fraud
in Florida?
A) $1,000
B) $5,000
C) $10,000
D) $25,000
Answer: C) $10,000
Which of the following terms refers to the method of adjusting claims based on the
replacement cost of damaged property?
A) Actual cash value
B) Replacement cost value
C) Depreciation
D) Market value
Answer: B) Replacement cost value
What is the role of the Florida Department of Financial Services (DFS) regarding
claims adjusters?
A) To issue policies
B) To regulate and license adjusters
C) To handle consumer complaints
D) To set insurance premiums
Answer: B) To regulate and license adjusters
In what situation might an adjuster use subrogation?
A) To claim a higher payout
B) To recover costs from a third party
C) To negotiate settlements
D) To deny a claim
All Lines Adjuster Florida
What is the primary responsibility of a claims adjuster?
A) To sell insurance policies
B) To investigate and evaluate claims
C) To write insurance contracts
D) To represent clients in court
Answer: B) To investigate and evaluate claims
In Florida, how long does an insurer have to acknowledge receipt of a claim?
A) 3 days
,B) 7 days
C) 14 days
D) 21 days
Answer: B) 7 days
Which of the following is a type of coverage typically included in a homeowners
insurance policy?
A) Flood insurance
B) Earthquake insurance
C) Liability coverage
D) Workers' compensation
Answer: C) Liability coverage
What is the purpose of the “proof of loss” document?
A) To provide a record of the claim
B) To formally notify the insurer of a loss
C) To confirm coverage limits
D) To dispute a claim denial
Answer: B) To formally notify the insurer of a loss
Under Florida law, what must an adjuster do if they suspect fraudulent activity in a
claim?
A) Ignore the suspicion
B) Report it to the insurer
C) Inform the policyholder
D) Conduct a personal investigation
Answer: B) Report it to the insurer
Which of the following is NOT a required element of an insurance contract?
A) Offer and acceptance
B) Consideration
C) Legality of purpose
, D) Minimum premium payment
Answer: D) Minimum premium payment
What is the maximum fine for an adjuster found guilty of committing insurance fraud
in Florida?
A) $1,000
B) $5,000
C) $10,000
D) $25,000
Answer: C) $10,000
Which of the following terms refers to the method of adjusting claims based on the
replacement cost of damaged property?
A) Actual cash value
B) Replacement cost value
C) Depreciation
D) Market value
Answer: B) Replacement cost value
What is the role of the Florida Department of Financial Services (DFS) regarding
claims adjusters?
A) To issue policies
B) To regulate and license adjusters
C) To handle consumer complaints
D) To set insurance premiums
Answer: B) To regulate and license adjusters
In what situation might an adjuster use subrogation?
A) To claim a higher payout
B) To recover costs from a third party
C) To negotiate settlements
D) To deny a claim
