Florida Test Study Guide - Public Adjusting 3-20 (Set 1)
questions with verified answers
A commercial property coverage part includes: Ans✓✓✓ Common policy
conditions
Commercial property declarations
One or more causes of loss forms
A forcible entry into locked premises and the carrying away of the property of
others is a definition of: Ans✓✓✓ Burglary
A residual market to alleviate the temporary unavailability of property insurance
coverage in significant portions of Florida (e.g. homeowners face non-renewal or
cancellations) Ans✓✓✓ Residential Property & Casualty Joint Underwriting
Association for property owners.
A Scheduled Personal Property endorsement under a Personal Inland Marine
Policy is usually issued on: Ans✓✓✓ An Open Peril
A Scheduled Personal Property endorsement under a Personal Inland Marine
Policy is usually settled on Ans✓✓✓ ACV or Agreed Mutual Basis
A statement that is believed to be true when made, which my prove to be false.
Ans✓✓✓ Representation
A statement that is guaranteed to be correct: Ans✓✓✓ Warranty
, An earthquake endorsement defines a single earthquake as all earthquake shocks
within what period? Ans✓✓✓ 72 Hour Period
An equipment dealers coverage form is designed to provide insurance on
Ans✓✓✓ Equipment owned by the insured
Equipment in the insured's custody for servicing or storage
Equipment entrusted to the insured dealer for sale
An inland marine coverage which covers the insured's merchandise held for sale,
such property that is sold but not delivered, customers property in the care and
custody of the insured, and property being transported to or from the insured is
a: Ans✓✓✓ Dealers Form
Another word for a stand-alone policy? Ans✓✓✓ Monoline Policy
Coverages included under a commercial packaged policy (CPP): Ans✓✓✓ Farm
Coverage
Commercial Crime Coverage
Commercial GL
Commercial Property
Commercial Auto
Commercial Inland Marine
Boiler and Machinery
Professional Liability
Employment Practices
questions with verified answers
A commercial property coverage part includes: Ans✓✓✓ Common policy
conditions
Commercial property declarations
One or more causes of loss forms
A forcible entry into locked premises and the carrying away of the property of
others is a definition of: Ans✓✓✓ Burglary
A residual market to alleviate the temporary unavailability of property insurance
coverage in significant portions of Florida (e.g. homeowners face non-renewal or
cancellations) Ans✓✓✓ Residential Property & Casualty Joint Underwriting
Association for property owners.
A Scheduled Personal Property endorsement under a Personal Inland Marine
Policy is usually issued on: Ans✓✓✓ An Open Peril
A Scheduled Personal Property endorsement under a Personal Inland Marine
Policy is usually settled on Ans✓✓✓ ACV or Agreed Mutual Basis
A statement that is believed to be true when made, which my prove to be false.
Ans✓✓✓ Representation
A statement that is guaranteed to be correct: Ans✓✓✓ Warranty
, An earthquake endorsement defines a single earthquake as all earthquake shocks
within what period? Ans✓✓✓ 72 Hour Period
An equipment dealers coverage form is designed to provide insurance on
Ans✓✓✓ Equipment owned by the insured
Equipment in the insured's custody for servicing or storage
Equipment entrusted to the insured dealer for sale
An inland marine coverage which covers the insured's merchandise held for sale,
such property that is sold but not delivered, customers property in the care and
custody of the insured, and property being transported to or from the insured is
a: Ans✓✓✓ Dealers Form
Another word for a stand-alone policy? Ans✓✓✓ Monoline Policy
Coverages included under a commercial packaged policy (CPP): Ans✓✓✓ Farm
Coverage
Commercial Crime Coverage
Commercial GL
Commercial Property
Commercial Auto
Commercial Inland Marine
Boiler and Machinery
Professional Liability
Employment Practices
