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FLORIDA TEST EXAM 2025- PUBLIC ADJUSTING 3-20 (SET 1), FLORIDA 3-20
PUBLIC ADJUSTER EXAM OUTLINES, FLORIDA 3-20 PUBLIC ADJUSTERS
STATE EXAM (SET 1) ACTUAL EXAM WITH COMPLETE EXAM QUESTIONS AND
CORRECT DETAILED ANSWERS (100% VERIFIED ANSWERS) |ALREADY
GRADED A+| ||PROFESSOR VERIFIED||
The promise by one party that is conditioned on an uncertain
event and where the value given by each party is unequal is
called: - ANSWER-Aleatory
When does coinsurance not apply? - ANSWER-When the insured
suffers a total loss to the property.
In Florida, grounds for compulsory refusal, suspension, or
revocation of an agent's or adjuster's license or appointment
includes: - ANSWER-Material misstatement,
misreprepresentation, or fraud in obtaining a license
Using the license to willfully circumvent any of the requirements or
prohibitions of Florida insurance laws
Demonstration of a lack of fitness or trustworthiness to engage in
business of insurance
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What forms the basic eligibility requirements for all of the residual
markets in Florida? - ANSWER-The risk is unable to find a market
for the required coverages.
When a business owner declaration page contains more than one
named insured, in case of cancellation, who receives the notice? -
ANSWER-The first named insured
What is insured under the valuable papers and records coverage
form? - ANSWER-Books, maps and film
Property of Others
Mortgage & Manuscripts
Someone, other than the insured, to whom the insured property is
entrusted "temporarily" is known as a: - ANSWER-Bailee
Name three claim settlement options: - ANSWER-Repair
Replace with LKQ
Replace with New
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When are non-residents subject to florida's insurance laws if a
motor vehicle has been physically present in florida? - ANSWER-
90 days during the preceding year
When can an insured assign a policy to another policy? -
ANSWER-Only with written consent from the insurer
Name the exclusions under the DP-2 Dwelling form: - ANSWER-
Flood, Earthquake, Mudslides.
What is considered to be the most important implied warranty
under a Ocean Marine Policy? - ANSWER-Seaworthiness of the
Vessel
Taking property by force or the threat of force is defined as: -
ANSWER-Robbery
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Requirements that truckers be financially responsible for cargo
they carry are imposed by: - ANSWER-State and Federal
Government
What is the standard deductible for each coverage under the
"emergency flood program"? - ANSWER-$2,000.00
Under a HO-3 Policy, there is no coverage for loss resulting from
"earth movement" except when endorsed using: - ANSWER-
Earthquake Endorsement
An earthquake endorsement defines a single earthquake as all
earthquake shocks within what period? - ANSWER-72 Hour
Period
Earthquake peril is defined to include: - ANSWER-land
shock waves
or tremors accompanied by volcanic eruption
FLORIDA TEST EXAM 2025- PUBLIC ADJUSTING 3-20 (SET 1), FLORIDA 3-20
PUBLIC ADJUSTER EXAM OUTLINES, FLORIDA 3-20 PUBLIC ADJUSTERS
STATE EXAM (SET 1) ACTUAL EXAM WITH COMPLETE EXAM QUESTIONS AND
CORRECT DETAILED ANSWERS (100% VERIFIED ANSWERS) |ALREADY
GRADED A+| ||PROFESSOR VERIFIED||
The promise by one party that is conditioned on an uncertain
event and where the value given by each party is unequal is
called: - ANSWER-Aleatory
When does coinsurance not apply? - ANSWER-When the insured
suffers a total loss to the property.
In Florida, grounds for compulsory refusal, suspension, or
revocation of an agent's or adjuster's license or appointment
includes: - ANSWER-Material misstatement,
misreprepresentation, or fraud in obtaining a license
Using the license to willfully circumvent any of the requirements or
prohibitions of Florida insurance laws
Demonstration of a lack of fitness or trustworthiness to engage in
business of insurance
,2|Page
What forms the basic eligibility requirements for all of the residual
markets in Florida? - ANSWER-The risk is unable to find a market
for the required coverages.
When a business owner declaration page contains more than one
named insured, in case of cancellation, who receives the notice? -
ANSWER-The first named insured
What is insured under the valuable papers and records coverage
form? - ANSWER-Books, maps and film
Property of Others
Mortgage & Manuscripts
Someone, other than the insured, to whom the insured property is
entrusted "temporarily" is known as a: - ANSWER-Bailee
Name three claim settlement options: - ANSWER-Repair
Replace with LKQ
Replace with New
,3|Page
When are non-residents subject to florida's insurance laws if a
motor vehicle has been physically present in florida? - ANSWER-
90 days during the preceding year
When can an insured assign a policy to another policy? -
ANSWER-Only with written consent from the insurer
Name the exclusions under the DP-2 Dwelling form: - ANSWER-
Flood, Earthquake, Mudslides.
What is considered to be the most important implied warranty
under a Ocean Marine Policy? - ANSWER-Seaworthiness of the
Vessel
Taking property by force or the threat of force is defined as: -
ANSWER-Robbery
, 4|Page
Requirements that truckers be financially responsible for cargo
they carry are imposed by: - ANSWER-State and Federal
Government
What is the standard deductible for each coverage under the
"emergency flood program"? - ANSWER-$2,000.00
Under a HO-3 Policy, there is no coverage for loss resulting from
"earth movement" except when endorsed using: - ANSWER-
Earthquake Endorsement
An earthquake endorsement defines a single earthquake as all
earthquake shocks within what period? - ANSWER-72 Hour
Period
Earthquake peril is defined to include: - ANSWER-land
shock waves
or tremors accompanied by volcanic eruption
