FLORIDA 3-20 PUBLIC ADJUSTERS STATE EXAM
ACTUAL EXAM 150 QUESTIONS AND CORRECT
DETAILED ANSWERS WITH RATIONALES
AGRADE
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Terms in this set (140)
The insurer and insured Agreed Value Policies
agree to a specific value
of insured item
Someone who has care, Bailee
custody or control of
another's property
Claim filed by policy First Party Claim
holder against his _
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, 12/21/24, 10:13 PM FLORIDA 3-20 PUBLIC ADJUSTERS STATE EXAM ACTUAL EXAM 150 QUESTIONS AND CORRECT DETAILED ANSWERS …
When a person who Negligent Entrustment
entrusts another with an
object and it results in
injury to someone can be
held liable for the injury to
someone. Can be held
liable for the injury i.e.
Firearm or DWI
Hazard that results from a Moral Hazard
conscious decision made
by an insured to
participate in a manner or
behavior more likely to
result in a loss because
they have insurance
Used to provide Binder
temporary insurance
coverage until an
insurance policy can be
written
Required by lenders to Completion Bonds
guarantee that
outstanding loans against
a job are paid upon
completion
The section of an Declarations
insurance policy
identifying the insured,
endorsements, coverages,
limits, and premiums
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