Florida Insurance Adjuster Licensing Test
The policy period is found in what part of an insurance contract? - correct answer Declarations
Insurance policies are said to be contracts of... - correct answer Adhesion
The failure to exercise due care is known as - correct answer Negligence
A building is destroyed by flood. The loss of profits from renting the building is - correct answer
Indirect Loss
The notice required for cancellation of an Auto Binders is _____ days - correct answer 5
Property Insurance means - correct answer Insurance where the payment by the insurance
company will be directly to the insured
An insurance contract is based on the principle of - correct answer utmost good faith
two kinds of waivers are - correct answer Express and Implied
Proximate cause is the ____ between the occurrence and damage which grows ... the
occurrence is the - correct answer unbroken connection
Replacement Cost may be a violation of - correct answer Principle of Indemnity
Coinsurance of 80% regarding a $1 million dollar property means the insured must carry
insurance amount of - correct answer $800,000
, Florida Insurance Adjuster Licensing Test
a 5% hurricane deductible in a homeowner's policy insuring a $100,000 home would be -
correct answer $5000
Giving up a known right voluntarily is known as a - correct answer waiver
in order for an insured's residence to be considered the insured's principal residence for the
purpose of Flood Insurance, the insured must live in the dwelling at least _____ of the time -
correct answer 80%
A health policy that only provides benefits for a single illness is known as - correct answer Dread
Disease Policy
Adjusters shall not give ______ advice - correct answer Legal
PIP has a basic limit of - correct answer $10,000
The cost to replace an item less-depreciation is a description of - correct answer Actual Cash
Value
According to the ethical requirements, an adjsuter shall never approach adjustments in a
manner ______ to the insured - correct answer prejudicial
An adjuster is required to notify the department of a change of name or address within - correct
answer 30 days
in the event of a catastrophe the Department may appoint emergency adjusters for what length
of time - correct answer for the period of emergency it shall determine
The policy period is found in what part of an insurance contract? - correct answer Declarations
Insurance policies are said to be contracts of... - correct answer Adhesion
The failure to exercise due care is known as - correct answer Negligence
A building is destroyed by flood. The loss of profits from renting the building is - correct answer
Indirect Loss
The notice required for cancellation of an Auto Binders is _____ days - correct answer 5
Property Insurance means - correct answer Insurance where the payment by the insurance
company will be directly to the insured
An insurance contract is based on the principle of - correct answer utmost good faith
two kinds of waivers are - correct answer Express and Implied
Proximate cause is the ____ between the occurrence and damage which grows ... the
occurrence is the - correct answer unbroken connection
Replacement Cost may be a violation of - correct answer Principle of Indemnity
Coinsurance of 80% regarding a $1 million dollar property means the insured must carry
insurance amount of - correct answer $800,000
, Florida Insurance Adjuster Licensing Test
a 5% hurricane deductible in a homeowner's policy insuring a $100,000 home would be -
correct answer $5000
Giving up a known right voluntarily is known as a - correct answer waiver
in order for an insured's residence to be considered the insured's principal residence for the
purpose of Flood Insurance, the insured must live in the dwelling at least _____ of the time -
correct answer 80%
A health policy that only provides benefits for a single illness is known as - correct answer Dread
Disease Policy
Adjusters shall not give ______ advice - correct answer Legal
PIP has a basic limit of - correct answer $10,000
The cost to replace an item less-depreciation is a description of - correct answer Actual Cash
Value
According to the ethical requirements, an adjsuter shall never approach adjustments in a
manner ______ to the insured - correct answer prejudicial
An adjuster is required to notify the department of a change of name or address within - correct
answer 30 days
in the event of a catastrophe the Department may appoint emergency adjusters for what length
of time - correct answer for the period of emergency it shall determine
