FLORIDA CLAIMS ADJUSTER EXAM QUESTIONS
AND CORRECT DETAILED ANSWERS WITH
RATIONALES|ALREADY GRADED A+
A __________ is a selected group of hospitals and medical practitioners in a
given area who have joined together in an effort to reduce medical costs.
A. HMO
B. Major Medical Insurance
C. Coinsurance
D. PPO
- ANSWER-D. PPO
A customer representative appointed by a general lines' agent or agency in
transacting only the business of private passenger motor vehicle insurance
from the office of that agent or agency is defined as:
A. Automobile Agent
B. Automobile Representative
C. Limited Customer Service Representative
D. Limited Customer Service Agent
- ANSWER-C. Limited Customer Service Representative
A General Lines Agent instructs a licensed Customer Representative 4-40 to
thoroughly cover the details of a new life insurance product with every
Homeowner customer who calls or visits the office. The agent provides training
on the new product. Although the Customer Representative does not have a
Life License, he or she feels comfortable with the training and does as request.
Which of the following is true?
A. This practice is acceptable if done in the office under supervision of General
Lines Agent
,B. This practice is acceptable because adequate training and product
knowledge was provided
C. This practice is unacceptable and may result in the suspension or
revocation of the Customer Representative's license
D. This practice is only acceptable if the product training was certified by the
Life Insurance Company
- ANSWER-C. This practice is unacceptable and may result in the suspension
or revocation of the Customer Representative's license
A General Lines Claim Adjuster is required to obtain the same number of
Continuing Education hours as a licensed Customer Service Representative.
A. True
B. False
- ANSWER-B. False
A lender has an insurable interest in a home and finds protection in the:
A. Loss Payee Clause
B. Mortgagee Clause
C. Lender Clause
D. Additional Insured Clause
- ANSWER-B. Mortgagee Clause Mortgagee -
A licensed General Lines Claim Adjuster is required to complete how many
hours of continuing education every two years?
A. 6
B. 12
C. 18
D. 24
- ANSWER-D. 24
, A motor vehicle or mobile home which is a total loss is defined as:
A. Lost Profit
B. Salvage
C. Salvageable
D. All of the Above
- ANSWER-B. Salvage
A policy condition, either based on information in the insured's application or
inserted by the insurer, is defined as:
A. Warranty
B. Misrepresentation
C. Concealment
D. None of the Above
- ANSWER-A. Warranty
A policy may contain a provision which states a period between issuance and
acceptance before sickness benefits begin. This is defined as:
A. Waiting Period
B. Elimination Period
C. Both A & B
D. None of the Above
- ANSWER-C. Both A & B
This helps keep premiums reasonable by eliminating chance of persons buying
coverage only when they are sick
AND CORRECT DETAILED ANSWERS WITH
RATIONALES|ALREADY GRADED A+
A __________ is a selected group of hospitals and medical practitioners in a
given area who have joined together in an effort to reduce medical costs.
A. HMO
B. Major Medical Insurance
C. Coinsurance
D. PPO
- ANSWER-D. PPO
A customer representative appointed by a general lines' agent or agency in
transacting only the business of private passenger motor vehicle insurance
from the office of that agent or agency is defined as:
A. Automobile Agent
B. Automobile Representative
C. Limited Customer Service Representative
D. Limited Customer Service Agent
- ANSWER-C. Limited Customer Service Representative
A General Lines Agent instructs a licensed Customer Representative 4-40 to
thoroughly cover the details of a new life insurance product with every
Homeowner customer who calls or visits the office. The agent provides training
on the new product. Although the Customer Representative does not have a
Life License, he or she feels comfortable with the training and does as request.
Which of the following is true?
A. This practice is acceptable if done in the office under supervision of General
Lines Agent
,B. This practice is acceptable because adequate training and product
knowledge was provided
C. This practice is unacceptable and may result in the suspension or
revocation of the Customer Representative's license
D. This practice is only acceptable if the product training was certified by the
Life Insurance Company
- ANSWER-C. This practice is unacceptable and may result in the suspension
or revocation of the Customer Representative's license
A General Lines Claim Adjuster is required to obtain the same number of
Continuing Education hours as a licensed Customer Service Representative.
A. True
B. False
- ANSWER-B. False
A lender has an insurable interest in a home and finds protection in the:
A. Loss Payee Clause
B. Mortgagee Clause
C. Lender Clause
D. Additional Insured Clause
- ANSWER-B. Mortgagee Clause Mortgagee -
A licensed General Lines Claim Adjuster is required to complete how many
hours of continuing education every two years?
A. 6
B. 12
C. 18
D. 24
- ANSWER-D. 24
, A motor vehicle or mobile home which is a total loss is defined as:
A. Lost Profit
B. Salvage
C. Salvageable
D. All of the Above
- ANSWER-B. Salvage
A policy condition, either based on information in the insured's application or
inserted by the insurer, is defined as:
A. Warranty
B. Misrepresentation
C. Concealment
D. None of the Above
- ANSWER-A. Warranty
A policy may contain a provision which states a period between issuance and
acceptance before sickness benefits begin. This is defined as:
A. Waiting Period
B. Elimination Period
C. Both A & B
D. None of the Above
- ANSWER-C. Both A & B
This helps keep premiums reasonable by eliminating chance of persons buying
coverage only when they are sick
