Florida 3-20 Public Adjuster Exam Outlines 120 Questions with 100% Verified Correct Answers 2024/2025

Florida 3-20 Public Adjuster Exam Outlines 120 Questions with 100% Verified Correct Answers 2024/2025 There are several important statutory requirements pertaining to contracts made by public adjusters: - Correct Answer Must state the type of claim, including an emergency claim, non-emergency claim or supplemental claim. Requires the signatures of all named insureds. If the signatures of all named insureds are not available, the public adjuster must submit an affidavit signed by the available named insureds attesting that they have authority to enter into the contract and settle all claim issues on behalf of the named insureds. An unaltered copy of the contract must be remitted to the insurer within 30 days after execution. This means the contract provided to the insurer must also contain the agreed upon fee percentage. True or False: Both mediation and sinkhole neutral evaluation are non-binding. Neither the insured nor the insurance company is legally obligated to accept the outcome of the mediation conference. - Correct Answer True The ______________ is intended for use by parties who are beginning the process of filing suit against an insurer, when a party feels they have been damaged by specific acts of the insurer. The Notice is intended to meet a portion of legal requirements set forth in Section 624.155, Florida Statutes, which requires a party to file Notice with both the insurer and the Department of Financial Services (DFS) at least 60 days prior to bringing an action against the insurer. The DFS does not involve itself in the pre-suit negotiations or communications related to Notices as such actions are not within the scope of its statutory authority. - Correct Answer Civil Remedies Notice Mediation Statute 627.7015 - Correct Answer The department shall adopt by rule a