P a g e g |g1
FLORIDA CERTIFIED ADJUSTER LICENSING E
g g g g
XAM 2025| BRAND NEW ACTUAL EXAM WITH 1
g g g g g g g
00% VERIFIED QUESTIONS AND CORRECT SO
g g g g g
LUTIONS| GUARANTEED VALUE PACK| ACE YO
g g g g g
UR GRADES.
g
1. EdwardgisgagmembergofgthegKnightsgofgColumbus,gagreligiousggroupgded
icatedgtogvoluntarygservicegtogthegbenefitgofgsociety.gHegalsogrecentlygpur
chasedgag$100,000glifeginsurancegpolicygfromgthegorganization.gThisgwa
sgpossiblegbecausegthegKnightsgofgColumbusgis:g-gcorrectganswerg-
gagfraternalgbenefitgsociety
2. Jason'sgautogpolicygstatesgthatgtheginsurergmaygcancelgcoveragegifgagpre
miumgisgmoregthang30gdaysglate.gHowever,gJasongisgcurrentlygmoregthang
30gdaysglate,gandghasgbeengsogfivegtimesgingtheglastgyear,gandghisginsurerg
hasgdonegnothinggaboutgit.gWhengJasonggetsgintogangaccidentgandgfilesgag
claim,gwhichgofgthegfollowinggisgmostglikelygtoghappen?g-gcorrectganswerg-
gTheginsurergwillgpaygthegclaimgbecausegofgthegimpliedgwaivergtheyghaveg
madegbygnotgcancellinggJason'sgpolicygthegpreviousgtimesghegwasglategwit
hghisgpayments
3. Jaredghopesgtogpurchasegagnewginsurancegpolicygforghisgcar,gbutgheghas
gangextremelygpoorgdrivinggrecord.gTheginsurancegcompanygdecidesgtogi
ssuegJaredganginsurancegpolicy,gbutgchargesghimgagpremiumgmuchghig
hergthangthegaveragegdriver.gTheginsurancegcompanygisgpracticing:g-
gcorrectganswerg-griskgreduction
, P a g e g |g2
4. WhichgofgthegfollowinggisgNOTgagcharacteristicgofginsurancegcontracts?g
(aleatory,gconditional,gunilateral,guniversal)g-gcorrectganswerg-guniversal
5. AgfewgweeksgagogChristopher'sggaragegwasgdestroyedgbygangout-of-
gcontrolgmotorist.gFortunately,gthegmotoristghadgsufficientgliabilityginsura
ncegtogcovergthegdamages.gHowever,gtheginsurerginsistsgthatgChristoph
er'sggaragegisgworthgfarglessgthangthegappraisalsgheghasgreceivedgfromgc
ontractors.gChristophergandgtheginsurerghaveggonegbackgandgforthgingne
gotiationsgforgweeks,gmakingglittlegheadway.gChristophergdecidesgit'sgti
megto:g-gcorrectganswerg-gissuegagcomplaintgagainstgthegpolicyholder
6. Agreciprocalginsurergis:g-gcorrectganswerg-
gangunincorporatedgorganizationgofgsubscribersgthatgoperatesgthroughgang
attorney-in-factgtogprovideginsurancegbenefitsgforgitsgmembers.
7. Bobghasgbeengingthegconstructiongbusinessgaglonggtimegandgisgreadygtogre
tire.gHegsellsgthegcompanygtoghisgfriendgScottgandgthengletsgtheginsurergkn
owgthatganygclaimsgagainstghisgpolicygshouldgbegpaidgtogScottgfromgnowgo
n.gTheginsurerginformsgBobgthatgtheygcannotgdogthisgduegtogwhichgconditi
on?g-gcorrectganswerg-gassignment
8. Cindygandgherginsurergcannotgreachgangagreementgforghergpropertygclaim,
gandghaveggonegbackgandgforthgforgweeksgwithoutgcominggwithing$10,000g
ofgeachgother.gAtgthisgpoint,gsincegbothgbelievegtheygaregofferinggagfairgsett
lement,gagthirdgpartygisgneededgtoghelpgfacilitategthegnegotiation.gBoth
, P a g e g |g3
partiesgstillgwantgtogretaingtheirgabilitygtog"walk-
away"gifgtheygcannotgreachgangagreement.gWhatgisgthegnextgbestgstepgforg
Cindygandgherginsurer?g-gcorrectganswerg-gmediation
9. Howgisgthegpowergtogbindgtransferredgtogangadjuster?g-gcorrectganswerg-
gitgisgtransferredgthroughgagwrittengcontract
10. Whichgofgthegfollowinggstatementsgbestgdescribesgagpartgofgthe
gappraisalgprocess?
A. Thegclaimantgandgtheginsurergeachgselectgangappraiser,gand
gthosegtwogselectgangumpire.
B. Allgpartiesgmustgagreegtogthegfinalgamountgingordergforgitgtogbe
gbinding.
C. Agneutralgthirdgparty,gcalledgthegappraiser,gplaysgangadvisorygrole
gtoghelpgthegdisputinggpartiesgcomegtogagsettlement.
D. Thegopposinggpartiesgsubmitgtheirgevidencegtogthegappraiser,g
whogmakesgagfinalgandgbindinggdecision.g-gcorrectganswerg-
gA.gThegclaimantgandgtheginsurergeachgselectgangappraiser,ga
ndgthosegtwogselectgangumpire.
11. Bob'sghomegwasgseverelygdamagedgbygagthunderstormgandghegclaims
gitgwillgcostg$74,000gtogrepair.gHisginsurerghasginvestigatedgthegclaim,gfou
ndgthegrepairsgcouldgbegdonegforg$49,000,gandghasgofferedgBobgthisgamo
untgofgindemnification.gNegotiationgbetweengBobgandghisginsurergseemsgt
ogbegfailing.gDuegtogthegunpredictabilitygofgthegresult,gwhichgofgthegfollowi
nggoptionsgshouldgbegavoidedgbygtheginsurergifgpossible?
, P a g e g |g4
A. Appraisal
B. Mediation
C. Litigation
D. Arbitrationg-gcorrectganswerg-gC.gLitigation
12. Ingappraisal,gwhogchoosesgthegumpire?
A. Thegclaimant
B. Thegtwogappraisers
C. Theginsurancegcompany
D. Thegadjusterg-gcorrectganswerg-gB.gThegtwogappraisers
13. AdjustergAndygisgtryinggtogdeterminegagfinalgsettlementgamountgfor
gStacy'sgclaim.gStacy'sghousegwasgdestroyedgingagfiregandgitgwillgcost
$185,000gtogrebuildgit.gStacy'sghomeownersgpolicyghasgaglimitgof
$178,000gandgag$1,800gdeductible.gTypically,ghowgmuchgwouldgAdjusterg
AndygcalculategStacy'sgfinalgsettlementgamountgtogbe?g-gcorrectganswerg-
$178,000g(becausegthegcostgofgrepairsgisgmoregthangthegpolicyglimit,gthegfi
nalgsettlementgamountgisgthegfullgpolicyglimitg($178,000)gandgthegdeductibl
egisgabsorbedgintogthegamountgofgtheglossgthatgexceedsgtheglimit.
14. WhichgofgthegfollowinggstatementsgisgNOTgtruegofganginsuranc
egadjuster?
A. Anginsurancegadjustergmustgalwaysgusegreasonablegjudgement
gforgbothgtheginsurergandgthegclaimant.
B. Anginsurancegadjustergisgangagent.
FLORIDA CERTIFIED ADJUSTER LICENSING E
g g g g
XAM 2025| BRAND NEW ACTUAL EXAM WITH 1
g g g g g g g
00% VERIFIED QUESTIONS AND CORRECT SO
g g g g g
LUTIONS| GUARANTEED VALUE PACK| ACE YO
g g g g g
UR GRADES.
g
1. EdwardgisgagmembergofgthegKnightsgofgColumbus,gagreligiousggroupgded
icatedgtogvoluntarygservicegtogthegbenefitgofgsociety.gHegalsogrecentlygpur
chasedgag$100,000glifeginsurancegpolicygfromgthegorganization.gThisgwa
sgpossiblegbecausegthegKnightsgofgColumbusgis:g-gcorrectganswerg-
gagfraternalgbenefitgsociety
2. Jason'sgautogpolicygstatesgthatgtheginsurergmaygcancelgcoveragegifgagpre
miumgisgmoregthang30gdaysglate.gHowever,gJasongisgcurrentlygmoregthang
30gdaysglate,gandghasgbeengsogfivegtimesgingtheglastgyear,gandghisginsurerg
hasgdonegnothinggaboutgit.gWhengJasonggetsgintogangaccidentgandgfilesgag
claim,gwhichgofgthegfollowinggisgmostglikelygtoghappen?g-gcorrectganswerg-
gTheginsurergwillgpaygthegclaimgbecausegofgthegimpliedgwaivergtheyghaveg
madegbygnotgcancellinggJason'sgpolicygthegpreviousgtimesghegwasglategwit
hghisgpayments
3. Jaredghopesgtogpurchasegagnewginsurancegpolicygforghisgcar,gbutgheghas
gangextremelygpoorgdrivinggrecord.gTheginsurancegcompanygdecidesgtogi
ssuegJaredganginsurancegpolicy,gbutgchargesghimgagpremiumgmuchghig
hergthangthegaveragegdriver.gTheginsurancegcompanygisgpracticing:g-
gcorrectganswerg-griskgreduction
, P a g e g |g2
4. WhichgofgthegfollowinggisgNOTgagcharacteristicgofginsurancegcontracts?g
(aleatory,gconditional,gunilateral,guniversal)g-gcorrectganswerg-guniversal
5. AgfewgweeksgagogChristopher'sggaragegwasgdestroyedgbygangout-of-
gcontrolgmotorist.gFortunately,gthegmotoristghadgsufficientgliabilityginsura
ncegtogcovergthegdamages.gHowever,gtheginsurerginsistsgthatgChristoph
er'sggaragegisgworthgfarglessgthangthegappraisalsgheghasgreceivedgfromgc
ontractors.gChristophergandgtheginsurerghaveggonegbackgandgforthgingne
gotiationsgforgweeks,gmakingglittlegheadway.gChristophergdecidesgit'sgti
megto:g-gcorrectganswerg-gissuegagcomplaintgagainstgthegpolicyholder
6. Agreciprocalginsurergis:g-gcorrectganswerg-
gangunincorporatedgorganizationgofgsubscribersgthatgoperatesgthroughgang
attorney-in-factgtogprovideginsurancegbenefitsgforgitsgmembers.
7. Bobghasgbeengingthegconstructiongbusinessgaglonggtimegandgisgreadygtogre
tire.gHegsellsgthegcompanygtoghisgfriendgScottgandgthengletsgtheginsurergkn
owgthatganygclaimsgagainstghisgpolicygshouldgbegpaidgtogScottgfromgnowgo
n.gTheginsurerginformsgBobgthatgtheygcannotgdogthisgduegtogwhichgconditi
on?g-gcorrectganswerg-gassignment
8. Cindygandgherginsurergcannotgreachgangagreementgforghergpropertygclaim,
gandghaveggonegbackgandgforthgforgweeksgwithoutgcominggwithing$10,000g
ofgeachgother.gAtgthisgpoint,gsincegbothgbelievegtheygaregofferinggagfairgsett
lement,gagthirdgpartygisgneededgtoghelpgfacilitategthegnegotiation.gBoth
, P a g e g |g3
partiesgstillgwantgtogretaingtheirgabilitygtog"walk-
away"gifgtheygcannotgreachgangagreement.gWhatgisgthegnextgbestgstepgforg
Cindygandgherginsurer?g-gcorrectganswerg-gmediation
9. Howgisgthegpowergtogbindgtransferredgtogangadjuster?g-gcorrectganswerg-
gitgisgtransferredgthroughgagwrittengcontract
10. Whichgofgthegfollowinggstatementsgbestgdescribesgagpartgofgthe
gappraisalgprocess?
A. Thegclaimantgandgtheginsurergeachgselectgangappraiser,gand
gthosegtwogselectgangumpire.
B. Allgpartiesgmustgagreegtogthegfinalgamountgingordergforgitgtogbe
gbinding.
C. Agneutralgthirdgparty,gcalledgthegappraiser,gplaysgangadvisorygrole
gtoghelpgthegdisputinggpartiesgcomegtogagsettlement.
D. Thegopposinggpartiesgsubmitgtheirgevidencegtogthegappraiser,g
whogmakesgagfinalgandgbindinggdecision.g-gcorrectganswerg-
gA.gThegclaimantgandgtheginsurergeachgselectgangappraiser,ga
ndgthosegtwogselectgangumpire.
11. Bob'sghomegwasgseverelygdamagedgbygagthunderstormgandghegclaims
gitgwillgcostg$74,000gtogrepair.gHisginsurerghasginvestigatedgthegclaim,gfou
ndgthegrepairsgcouldgbegdonegforg$49,000,gandghasgofferedgBobgthisgamo
untgofgindemnification.gNegotiationgbetweengBobgandghisginsurergseemsgt
ogbegfailing.gDuegtogthegunpredictabilitygofgthegresult,gwhichgofgthegfollowi
nggoptionsgshouldgbegavoidedgbygtheginsurergifgpossible?
, P a g e g |g4
A. Appraisal
B. Mediation
C. Litigation
D. Arbitrationg-gcorrectganswerg-gC.gLitigation
12. Ingappraisal,gwhogchoosesgthegumpire?
A. Thegclaimant
B. Thegtwogappraisers
C. Theginsurancegcompany
D. Thegadjusterg-gcorrectganswerg-gB.gThegtwogappraisers
13. AdjustergAndygisgtryinggtogdeterminegagfinalgsettlementgamountgfor
gStacy'sgclaim.gStacy'sghousegwasgdestroyedgingagfiregandgitgwillgcost
$185,000gtogrebuildgit.gStacy'sghomeownersgpolicyghasgaglimitgof
$178,000gandgag$1,800gdeductible.gTypically,ghowgmuchgwouldgAdjusterg
AndygcalculategStacy'sgfinalgsettlementgamountgtogbe?g-gcorrectganswerg-
$178,000g(becausegthegcostgofgrepairsgisgmoregthangthegpolicyglimit,gthegfi
nalgsettlementgamountgisgthegfullgpolicyglimitg($178,000)gandgthegdeductibl
egisgabsorbedgintogthegamountgofgtheglossgthatgexceedsgtheglimit.
14. WhichgofgthegfollowinggstatementsgisgNOTgtruegofganginsuranc
egadjuster?
A. Anginsurancegadjustergmustgalwaysgusegreasonablegjudgement
gforgbothgtheginsurergandgthegclaimant.
B. Anginsurancegadjustergisgangagent.
