Florida Adjuster Licensing Actual Exam
2025 Florida Adjuster Exam Update
Latest 2025 Questions and Correct
Answers Rated A+
A claim in the property/casualty industry Is defined as: -ANSWER-an
assertion of an alleged legal right against a person, entity, company or
insurer that carries with it a demand for money as compensation for
injuries or damages
When you purchase insurance, you are buying: -ANSWER-peace of
mind that if an insured event does occur, that the insurance company
will keep its promise and provide the financial protection that you
purchased
In today's society, the most important factor in the purchase of
insurance is: -ANSWER-trust
One of the most important claim handling goals of an insurance
company is: -ANSWER-to help those who have been injured or who
have suffered loss for which the insured is responsible, while at the
same time minimizing loss for the insured party and carrier
What is the primary difference between a company employee adjuster
and an independent adjuster -ANSWER-a company employee
adjuster works for an insurance company and an independent adjuster
works independently for themselves or for adjusting firms who
represent many clients
,An adjuster's responsibility as a fiduciary means: -ANSWER-the
adjuster represents, and controls, the property and financial interests
of the client to whom he/she owes a high degree of loyalty and good
faith
The basic and primary functions of an adjuster are: -ANSWER-
investigating, evaluating, reporting, negotiating and disposing of
claims
Once an adjuster is licensed, he or she must maintain a continuing
education requirement. What is that adjuster's compliance
requirement in order to retain a license? -ANSWER-an adjuster must
complete 24 hours of continuing education in every 2 year compliance
period, of which 5 hours must be taken in a properly certified 5 hour
law and ethics update course
The adjuster's code of ethics starts with a basic premise which states:
-ANSWER-the work of adjusting engages the public trust
Which of the following would NOT be a preferred claims practice or
behavior under FL Unfair Insurance Trade Practices Act? -ANSWER-
Not responding to an insured calls because you haven't made up your
mind
What are the four critical elements of a contract? -ANSWER-1.
Agreement to terms (must understand what is given and received)
2. Adequate consideration for the promises made
3. Legal capacity of the parties to contract
4. Contract must have legal purpose
An insurance policy is often referred to as a contract of adhesion
which means: -ANSWER-if any of the wording or language in the
,policy is vague or ambiguous, making it difficult to understand or
interpret, the law is well settled that the interpretation shall be in favor
of the party who did not control its terms (the policyholder)
Breach of contract by a carrier or its adjuster through non-payment or
on-compliance with policy requirements, could have the following
consequences for a carrier -ANSWER-if found guilty of a breach of
contract, the carrier could be punished with a "bad faith" verdict that
would cost it millions of dollars
What are the fundamental parts of an insurance policy? -ANSWER-1.
Declarations Page
2. Insuring Agreement
3. Exclusions
4. Conditions
What is one of the duties of an insured following a loss? -ANSWER-
giving prompt notice of loss to the insurer
Describe the difference between a peril and a hazard -ANSWER-a
peril is a cause of loss, like fire. A hazard is a condition that exists
beforehand that increases the likelihood of such a loss, like a messy
storeroom or garage
The doctrine of proximate cause is defined as -ANSWER-if there is an
unbroken chain of events, or series of consequences, flowing from the
initial loss caused by the insured peril to a subsequent loss, the
insured peril causing the initial loss will be considered the "proximate
cause" of the subsequent loss
A couple had Coverage A limits of $250K on their home located in FL.
A tornado spawned by Hurricane Ernesto damaged their roof resulting
, in estimated repair costs of $11,500. The adjuster deducted the FL
hurricane deductible of $5,000 from the estimate and paid them
$6,500 in settlement of their property claim. This is known as the
application of: -ANSWER-a percentage deductible (hurricane
deductible)
A restaurant was damaged after a grease fire erupted in the kitchen.
Damage to the structure totaled $78,300. The owner's commercial
property policy provided Coverage A limits of $250,000 with a
deductible of $1,000. How much would the policyholder be paid? -
ANSWER-$$77,300
A couple has insured their home for $150,000. A fire ensues and guts
their home, resulting in a total loss. An appraisal of the home prior to
loss results in a value of $120,000, yet the adjuster is required by law
to pay the couple $150,000. This is known as the application of: -
ANSWER-valued policy law
Assume that 5 years ago a couple insured their home for its then
appraised value of $60,000. 2 weeks ago they had a stove fire
resulting in an estimated loss of $15,000. The adjuster finds that the
value of their home is now $100,000 but the home is still only insured
for $60K and there is a deductible of $500. The policy has an 80%
coinsurance clause. How much should the adjuster pay to the couple?
-ANSWER-($15,000-$500)($60,000/$100,000(.80))= $10,875
Describe the coverage's provided in a split limit policy of 10/20/10 -
ANSWER-the coverage provides up to $10,000 of liability protection
for bodily injury to any one individual, an aggregate of $20,000 for all
bodily injuries regardless of how many individuals, and $10,000 for
property damage
2025 Florida Adjuster Exam Update
Latest 2025 Questions and Correct
Answers Rated A+
A claim in the property/casualty industry Is defined as: -ANSWER-an
assertion of an alleged legal right against a person, entity, company or
insurer that carries with it a demand for money as compensation for
injuries or damages
When you purchase insurance, you are buying: -ANSWER-peace of
mind that if an insured event does occur, that the insurance company
will keep its promise and provide the financial protection that you
purchased
In today's society, the most important factor in the purchase of
insurance is: -ANSWER-trust
One of the most important claim handling goals of an insurance
company is: -ANSWER-to help those who have been injured or who
have suffered loss for which the insured is responsible, while at the
same time minimizing loss for the insured party and carrier
What is the primary difference between a company employee adjuster
and an independent adjuster -ANSWER-a company employee
adjuster works for an insurance company and an independent adjuster
works independently for themselves or for adjusting firms who
represent many clients
,An adjuster's responsibility as a fiduciary means: -ANSWER-the
adjuster represents, and controls, the property and financial interests
of the client to whom he/she owes a high degree of loyalty and good
faith
The basic and primary functions of an adjuster are: -ANSWER-
investigating, evaluating, reporting, negotiating and disposing of
claims
Once an adjuster is licensed, he or she must maintain a continuing
education requirement. What is that adjuster's compliance
requirement in order to retain a license? -ANSWER-an adjuster must
complete 24 hours of continuing education in every 2 year compliance
period, of which 5 hours must be taken in a properly certified 5 hour
law and ethics update course
The adjuster's code of ethics starts with a basic premise which states:
-ANSWER-the work of adjusting engages the public trust
Which of the following would NOT be a preferred claims practice or
behavior under FL Unfair Insurance Trade Practices Act? -ANSWER-
Not responding to an insured calls because you haven't made up your
mind
What are the four critical elements of a contract? -ANSWER-1.
Agreement to terms (must understand what is given and received)
2. Adequate consideration for the promises made
3. Legal capacity of the parties to contract
4. Contract must have legal purpose
An insurance policy is often referred to as a contract of adhesion
which means: -ANSWER-if any of the wording or language in the
,policy is vague or ambiguous, making it difficult to understand or
interpret, the law is well settled that the interpretation shall be in favor
of the party who did not control its terms (the policyholder)
Breach of contract by a carrier or its adjuster through non-payment or
on-compliance with policy requirements, could have the following
consequences for a carrier -ANSWER-if found guilty of a breach of
contract, the carrier could be punished with a "bad faith" verdict that
would cost it millions of dollars
What are the fundamental parts of an insurance policy? -ANSWER-1.
Declarations Page
2. Insuring Agreement
3. Exclusions
4. Conditions
What is one of the duties of an insured following a loss? -ANSWER-
giving prompt notice of loss to the insurer
Describe the difference between a peril and a hazard -ANSWER-a
peril is a cause of loss, like fire. A hazard is a condition that exists
beforehand that increases the likelihood of such a loss, like a messy
storeroom or garage
The doctrine of proximate cause is defined as -ANSWER-if there is an
unbroken chain of events, or series of consequences, flowing from the
initial loss caused by the insured peril to a subsequent loss, the
insured peril causing the initial loss will be considered the "proximate
cause" of the subsequent loss
A couple had Coverage A limits of $250K on their home located in FL.
A tornado spawned by Hurricane Ernesto damaged their roof resulting
, in estimated repair costs of $11,500. The adjuster deducted the FL
hurricane deductible of $5,000 from the estimate and paid them
$6,500 in settlement of their property claim. This is known as the
application of: -ANSWER-a percentage deductible (hurricane
deductible)
A restaurant was damaged after a grease fire erupted in the kitchen.
Damage to the structure totaled $78,300. The owner's commercial
property policy provided Coverage A limits of $250,000 with a
deductible of $1,000. How much would the policyholder be paid? -
ANSWER-$$77,300
A couple has insured their home for $150,000. A fire ensues and guts
their home, resulting in a total loss. An appraisal of the home prior to
loss results in a value of $120,000, yet the adjuster is required by law
to pay the couple $150,000. This is known as the application of: -
ANSWER-valued policy law
Assume that 5 years ago a couple insured their home for its then
appraised value of $60,000. 2 weeks ago they had a stove fire
resulting in an estimated loss of $15,000. The adjuster finds that the
value of their home is now $100,000 but the home is still only insured
for $60K and there is a deductible of $500. The policy has an 80%
coinsurance clause. How much should the adjuster pay to the couple?
-ANSWER-($15,000-$500)($60,000/$100,000(.80))= $10,875
Describe the coverage's provided in a split limit policy of 10/20/10 -
ANSWER-the coverage provides up to $10,000 of liability protection
for bodily injury to any one individual, an aggregate of $20,000 for all
bodily injuries regardless of how many individuals, and $10,000 for
property damage
