ACA Final Exam 100% Accurate!!
At the end of this course, you must do which of the following?
Pass the final course exam with a scored of 70% or higher
Print your certificate from this website
Apply for your Insurance Adjuster license at the Florida Department of Financial Services website at
www.myfloridacfo.com/division/agents
All of the above - ANSWERAll of the above
Which of the following is NOT one of the duties of the Department of Financial Services?
License adjusters
Set rates and write policies for various company products
Supervise the claims activity of adjusters
Investigate charges of unethical conduct of adjusters - ANSWERSet rates and write policies for
various company products
When an insurance licensee moves, he has how long to notify the Florida Dept. of Financial Services
of his change of address?
10 Days
30 Days
60 Days
180 Days - ANSWER30
An Insurance Policy is a contract with all of the following characteristics, EXCEPT
It is a personal contract.
Parties are of unequal power with ambiguities or unclear wording resolved in favor of the insured
because it is a contract of adhesion.
, Indemnity is not part of an insurance contract.
There are conditions imposed upon both the insurer and insured. - ANSWERIndemnity is not part of
an insurance contract.
An insurance contract may contain a "gray area" or an ambiguity, that is generally resolved in favor of
the insured because insurance policies are contracts of:
Indemnity
Cohesion
Adhesion
Conditions - ANSWERadhesion
Strict or Absolute Liability
applies to school systems.
must have failure to use "due care.
"considers the actions of a prudent person.
is assigned by law or statute. - ANSWERis assigned by law or statute.
Risks that are insurable are:
Speculative risk
Pure risk
Both A & B
None of the above - ANSWERPure Risk
The goal of insurance is to restore the insured to the same economic position as before the covered
loss occurred, this is the principle of:
Adhesion
Actual Cash Value
Indemnity
Severability - ANSWERIndemnity
Firemen caused water damage to a property by spraying water to put out a fire. If the property
insurance policy listed "fire" as the only named peril:
At the end of this course, you must do which of the following?
Pass the final course exam with a scored of 70% or higher
Print your certificate from this website
Apply for your Insurance Adjuster license at the Florida Department of Financial Services website at
www.myfloridacfo.com/division/agents
All of the above - ANSWERAll of the above
Which of the following is NOT one of the duties of the Department of Financial Services?
License adjusters
Set rates and write policies for various company products
Supervise the claims activity of adjusters
Investigate charges of unethical conduct of adjusters - ANSWERSet rates and write policies for
various company products
When an insurance licensee moves, he has how long to notify the Florida Dept. of Financial Services
of his change of address?
10 Days
30 Days
60 Days
180 Days - ANSWER30
An Insurance Policy is a contract with all of the following characteristics, EXCEPT
It is a personal contract.
Parties are of unequal power with ambiguities or unclear wording resolved in favor of the insured
because it is a contract of adhesion.
, Indemnity is not part of an insurance contract.
There are conditions imposed upon both the insurer and insured. - ANSWERIndemnity is not part of
an insurance contract.
An insurance contract may contain a "gray area" or an ambiguity, that is generally resolved in favor of
the insured because insurance policies are contracts of:
Indemnity
Cohesion
Adhesion
Conditions - ANSWERadhesion
Strict or Absolute Liability
applies to school systems.
must have failure to use "due care.
"considers the actions of a prudent person.
is assigned by law or statute. - ANSWERis assigned by law or statute.
Risks that are insurable are:
Speculative risk
Pure risk
Both A & B
None of the above - ANSWERPure Risk
The goal of insurance is to restore the insured to the same economic position as before the covered
loss occurred, this is the principle of:
Adhesion
Actual Cash Value
Indemnity
Severability - ANSWERIndemnity
Firemen caused water damage to a property by spraying water to put out a fire. If the property
insurance policy listed "fire" as the only named peril:
