Florida 6-20 All Lines Adjuster
Test
A public adjuster represents the
interest
A. The of:
insurer
B. The
C. The
Insured
employer
D. The interest of the general public correct answers B. The
insured
Which of the following is the type of report that indicates the initial
results of a claim
investigatio
n?
A. Field
Report
B. Interim
Report
C. Full
Report
D. None of the above correct answers A. Field
Report
States have adopted statutes regarding claims adjusting. To avoid unfair
treatmentthe
claimant to adjuster
a must
not:
A. Promptly investigate the
claim.
B. Follow the laws regarding the number of days in which to
commence an
investigatio
n.
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
bee
n
received. correct answers C. Deny the claim until a fair and prompt
investigation has
commence
d.
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 correct answers A. Forcing the insured to sue by
offering
than theless
claim is
worth.
The giving up of a known right is
called:
A.
Estoppel
B. Violation of policy
conditions
C.
Rebating
D. Waiver correct answers 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
exis
tbecause
of:
A.
Waiver
B.
Estoppel
C. Duties of the
adjuster
D. Law of contract correct answers B.
Estoppel
Should an insured fail to report a claim in a timely fashion the adjuster
willDeny
A. usually:
the
claim.
B. Send the insured a reservation of rights
letter.
C. Cease
investigating.
D. Seek the advice of the company's attorney. correct answers B. Send the
insured a of rights
reservation
letter.
A company adjuster primarily represents the
interests
A. The of:
insured.
B. The
claimant.
C. The
insurer.
D. The public. correct answers C. The
insurer.
An adjuster's license will usually be revoked for which of the
following
A. Denying reasons:
claims that are not
covered.
B. Failing to report a change of
C. Having been convicted of a
address.
misdemeanor.
D. Having been convicted of a felony. correct answers D. Having been
convicted of a
felony
.
The insured has been involved in an automobile accident and has
sustained bodily
injurie
and damage to the insured vehicle. The adjuster will
s
usually:
A. Withhold any payment until all the bills have been reviewed for
payment.
B. Pay to repair the vehicle and pay the medical
bills
C. Paylater.
for the repair of the vehicle and require a release for
all Pay
D. claims.
to repair the damage to the vehicle and obtain a partial release
and settle
medical the
payments later and then seek a final release. correct answers D.
Pay damage
the to repair to the vehicle and obtain a partial release and
settle thepayments later and then seek a final
medical
release.
Mr. Jones has damaged his vehicle by striking a tree.
HeTake
A. can: the car to a repair garage recommended by the
insurer.
B. Take the car to a garage of his/her
choice.
C. Accept the payment based on the adjuster's
estimate.
D. All of the above. correct answers D. All of the
above.
In case of a total loss to a vehicle the adjuster will pay the insured/claimant
which of the
,following
?
A. The cost to replace the vehicle with like kind and quality if a
current year
model
.B. Use the most recent publication of an "Official Used Car
Guide".
C. If not listed in the "guide", obtain quotations from
automobile
D. All of the dealers.
above depending on the circumstances. correct answers D.
All of the
above depending on the
circumstances.
Which of the following is NOT a claim settlement option for
liability
A. Lost claims?
wages
B. Excessive amounts
claimed
C. Loss of
use
D. Disfigurement correct answers B. Excessive amounts
claimed
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 correct answers 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 correct answers C. Advanced
Payment
Which of the following statements is
correct?
I. The Business Auto Policy uses 10 symbols to define covered
II. Symbols 30 and 31 apply to the Garage
vehicles
Policy.
A. I
only.
B. II
C. Neither I nor
only.
II.
D. Both I and II. correct answers 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. correct answers B. Change Other
Driver.
Under the Business Auto Policy, each of the following is true about
classification
"covered of
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. C.
answers correct
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. correct answers 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
car. Under to the
his terms of the policy, which of the following
statements
A. Each party is engages
true: 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
theThe
D. amount.
estimates of both parties will be averaged. correct answers A.
Each party
engages an appraiser, and the appraisers will select an
umpire
Under Form MCS-90, a notice to the other party is required for
coverage
cancellation on of
the part of either the insurer or
insured.
A. 10
day
B. 72 r
hou14
C.
day
D. 35 day correct answers D. 35
day
Which of the following is considered a "garage
operation"?
I. Ownership, maintenance or use of garage
II. Sale of products or services in connection with garage
premises.
operations.
III. Ownership or maintenance of covered
autos.
IV. Production or support of racing or competitive
operations.
A. I and II
only.
B. I, II, and III
only.
C. I and III
D. I, II, III, and IV. correct answers B. I, II, and III
only.
only.
Which of the following would be covered under a Garage
Liability
A. Damage Policy?
to property the insured is transporting to another
location.
B. The use of covered autos leased to another party except as a
replacement for a car
under
repair.
C. Products and completed
operations.
D. Covered autos used in organized racing. correct answers C.
Products and
completed
operations.
Test
A public adjuster represents the
interest
A. The of:
insurer
B. The
C. The
Insured
employer
D. The interest of the general public correct answers B. The
insured
Which of the following is the type of report that indicates the initial
results of a claim
investigatio
n?
A. Field
Report
B. Interim
Report
C. Full
Report
D. None of the above correct answers A. Field
Report
States have adopted statutes regarding claims adjusting. To avoid unfair
treatmentthe
claimant to adjuster
a must
not:
A. Promptly investigate the
claim.
B. Follow the laws regarding the number of days in which to
commence an
investigatio
n.
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
bee
n
received. correct answers C. Deny the claim until a fair and prompt
investigation has
commence
d.
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 correct answers A. Forcing the insured to sue by
offering
than theless
claim is
worth.
The giving up of a known right is
called:
A.
Estoppel
B. Violation of policy
conditions
C.
Rebating
D. Waiver correct answers 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
exis
tbecause
of:
A.
Waiver
B.
Estoppel
C. Duties of the
adjuster
D. Law of contract correct answers B.
Estoppel
Should an insured fail to report a claim in a timely fashion the adjuster
willDeny
A. usually:
the
claim.
B. Send the insured a reservation of rights
letter.
C. Cease
investigating.
D. Seek the advice of the company's attorney. correct answers B. Send the
insured a of rights
reservation
letter.
A company adjuster primarily represents the
interests
A. The of:
insured.
B. The
claimant.
C. The
insurer.
D. The public. correct answers C. The
insurer.
An adjuster's license will usually be revoked for which of the
following
A. Denying reasons:
claims that are not
covered.
B. Failing to report a change of
C. Having been convicted of a
address.
misdemeanor.
D. Having been convicted of a felony. correct answers D. Having been
convicted of a
felony
.
The insured has been involved in an automobile accident and has
sustained bodily
injurie
and damage to the insured vehicle. The adjuster will
s
usually:
A. Withhold any payment until all the bills have been reviewed for
payment.
B. Pay to repair the vehicle and pay the medical
bills
C. Paylater.
for the repair of the vehicle and require a release for
all Pay
D. claims.
to repair the damage to the vehicle and obtain a partial release
and settle
medical the
payments later and then seek a final release. correct answers D.
Pay damage
the to repair to the vehicle and obtain a partial release and
settle thepayments later and then seek a final
medical
release.
Mr. Jones has damaged his vehicle by striking a tree.
HeTake
A. can: the car to a repair garage recommended by the
insurer.
B. Take the car to a garage of his/her
choice.
C. Accept the payment based on the adjuster's
estimate.
D. All of the above. correct answers D. All of the
above.
In case of a total loss to a vehicle the adjuster will pay the insured/claimant
which of the
,following
?
A. The cost to replace the vehicle with like kind and quality if a
current year
model
.B. Use the most recent publication of an "Official Used Car
Guide".
C. If not listed in the "guide", obtain quotations from
automobile
D. All of the dealers.
above depending on the circumstances. correct answers D.
All of the
above depending on the
circumstances.
Which of the following is NOT a claim settlement option for
liability
A. Lost claims?
wages
B. Excessive amounts
claimed
C. Loss of
use
D. Disfigurement correct answers B. Excessive amounts
claimed
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 correct answers 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 correct answers C. Advanced
Payment
Which of the following statements is
correct?
I. The Business Auto Policy uses 10 symbols to define covered
II. Symbols 30 and 31 apply to the Garage
vehicles
Policy.
A. I
only.
B. II
C. Neither I nor
only.
II.
D. Both I and II. correct answers 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. correct answers B. Change Other
Driver.
Under the Business Auto Policy, each of the following is true about
classification
"covered of
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. C.
answers correct
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. correct answers 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
car. Under to the
his terms of the policy, which of the following
statements
A. Each party is engages
true: 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
theThe
D. amount.
estimates of both parties will be averaged. correct answers A.
Each party
engages an appraiser, and the appraisers will select an
umpire
Under Form MCS-90, a notice to the other party is required for
coverage
cancellation on of
the part of either the insurer or
insured.
A. 10
day
B. 72 r
hou14
C.
day
D. 35 day correct answers D. 35
day
Which of the following is considered a "garage
operation"?
I. Ownership, maintenance or use of garage
II. Sale of products or services in connection with garage
premises.
operations.
III. Ownership or maintenance of covered
autos.
IV. Production or support of racing or competitive
operations.
A. I and II
only.
B. I, II, and III
only.
C. I and III
D. I, II, III, and IV. correct answers B. I, II, and III
only.
only.
Which of the following would be covered under a Garage
Liability
A. Damage Policy?
to property the insured is transporting to another
location.
B. The use of covered autos leased to another party except as a
replacement for a car
under
repair.
C. Products and completed
operations.
D. Covered autos used in organized racing. correct answers C.
Products and
completed
operations.
