Florida Public Adjuster (Set 2) Questions
And Answers
A new, unused vehicle is not required to be inspected prior to obtaining physical
damage insurance coverage if the insurer is provided with: - Answer-the insured can
prove to the insurer with a bill of sale that the vehicle is a new/unused car.
/.If an appointed agent says a certain claim is covered, the insurer must cover that
claim. The insurer would be prohibited from or estopped from denying it, even if the
policy clearly excluded the claim. This is known as: - Answer-Estoppel
/.Sprinkler Leakage Insurance does not provide coverage for: - Answer-Growing Crops
(Crop insurance is separate)
/.Personal Property under HO-3 is covered on a - Answer-Named Peril basis
/.Personal Property under HO-5 is covered on - Answer-an open peril basis
/.Debris removal is included in the dwelling and contents coverage, but is limited to -
Answer-reasonable expenses
/.If a commercial building has been vacant for more than 60 days, the following peril(s)
are affected as regards to coverage: - Answer-Vandalism
Freezing
Fire
/.A personal insurance policy that includes both personal property and personal liability
coverages without endorsement: - Answer-Homeowners Policy
/.Under a Commercial Package Policy, how many days does one have to notify the
insurance company of a claim? - Answer-The insurer must notify promptly. The number
of days are not specific.
/.What are the continuing education requirements for public adjusters? - Answer-24
hours of continuing education (5 hours law and ethics/ 19 hours online approved course
by the DFS for public adjusters)
/.A policy which the policyholder is required to report the values of insured property to
the company at certain intervals is known as a: - Answer-Reporting Form Policy
/.Reporting form policy requires the insured to insure the property at what %? - Answer-
100%
, /.Reporting form policy requires the insured to report what % of the value of the insured
property? - Answer-100%
/.Medical Payment Coverage under a homeowner policy excludes: - Answer-anyone
living in the insured residence.
/.Under the BOP, up to how many years can the insurer request to examine the books
and records of an insured? - Answer-3 years
/.How much are damaged or loss to signs limited to even when it is attached to the
building and considered part of the building? - Answer-$1000
/.Name a common feature to most property insured under a commercial inland marine
policy. - Answer-Usually in Transit
/.What is an unendorsed commercial building and personal property form, loss valuation
based on? - Answer-ACV
/.Common carriers are responsible for damage to customer goods they transport except
for damage resulting from: - Answer-Acts of God
/.Commercial Property Builders Risk Coverage Form covers: - Answer-Buildings under
construction
Foundation of a building under construction
Fixtures, machinery, and equipment used to service the building if they become a
permanent part of the building and are located within 100 feet of the premises
/.Under the BOP, how much is paid for pollution clean-up and removal in case of a
covered loss? - Answer-$10,000
/.Every licensee must notify the Department of a change of business address within: -
Answer-30 days
/.DP-2 virtually excludes all forms of what? - Answer-Earth Movement
/.What type of coverage provides coverage for all perils, unless that peril is specifically
excluded? - Answer-Open Perils
/.An adjuster in Florida has moved and changed his address without notifying the
Department within the required period of time. What monetary penalty can be imposed
by the Department? - Answer-$250 for the first offence and a fine of $500 or suspension
or revocation of the license for a subsequent offence.
And Answers
A new, unused vehicle is not required to be inspected prior to obtaining physical
damage insurance coverage if the insurer is provided with: - Answer-the insured can
prove to the insurer with a bill of sale that the vehicle is a new/unused car.
/.If an appointed agent says a certain claim is covered, the insurer must cover that
claim. The insurer would be prohibited from or estopped from denying it, even if the
policy clearly excluded the claim. This is known as: - Answer-Estoppel
/.Sprinkler Leakage Insurance does not provide coverage for: - Answer-Growing Crops
(Crop insurance is separate)
/.Personal Property under HO-3 is covered on a - Answer-Named Peril basis
/.Personal Property under HO-5 is covered on - Answer-an open peril basis
/.Debris removal is included in the dwelling and contents coverage, but is limited to -
Answer-reasonable expenses
/.If a commercial building has been vacant for more than 60 days, the following peril(s)
are affected as regards to coverage: - Answer-Vandalism
Freezing
Fire
/.A personal insurance policy that includes both personal property and personal liability
coverages without endorsement: - Answer-Homeowners Policy
/.Under a Commercial Package Policy, how many days does one have to notify the
insurance company of a claim? - Answer-The insurer must notify promptly. The number
of days are not specific.
/.What are the continuing education requirements for public adjusters? - Answer-24
hours of continuing education (5 hours law and ethics/ 19 hours online approved course
by the DFS for public adjusters)
/.A policy which the policyholder is required to report the values of insured property to
the company at certain intervals is known as a: - Answer-Reporting Form Policy
/.Reporting form policy requires the insured to insure the property at what %? - Answer-
100%
, /.Reporting form policy requires the insured to report what % of the value of the insured
property? - Answer-100%
/.Medical Payment Coverage under a homeowner policy excludes: - Answer-anyone
living in the insured residence.
/.Under the BOP, up to how many years can the insurer request to examine the books
and records of an insured? - Answer-3 years
/.How much are damaged or loss to signs limited to even when it is attached to the
building and considered part of the building? - Answer-$1000
/.Name a common feature to most property insured under a commercial inland marine
policy. - Answer-Usually in Transit
/.What is an unendorsed commercial building and personal property form, loss valuation
based on? - Answer-ACV
/.Common carriers are responsible for damage to customer goods they transport except
for damage resulting from: - Answer-Acts of God
/.Commercial Property Builders Risk Coverage Form covers: - Answer-Buildings under
construction
Foundation of a building under construction
Fixtures, machinery, and equipment used to service the building if they become a
permanent part of the building and are located within 100 feet of the premises
/.Under the BOP, how much is paid for pollution clean-up and removal in case of a
covered loss? - Answer-$10,000
/.Every licensee must notify the Department of a change of business address within: -
Answer-30 days
/.DP-2 virtually excludes all forms of what? - Answer-Earth Movement
/.What type of coverage provides coverage for all perils, unless that peril is specifically
excluded? - Answer-Open Perils
/.An adjuster in Florida has moved and changed his address without notifying the
Department within the required period of time. What monetary penalty can be imposed
by the Department? - Answer-$250 for the first offence and a fine of $500 or suspension
or revocation of the license for a subsequent offence.
