1
FLORIDA ADJUSTER EXAM LATEST 2023 ACTUAL
EXAM 200 QUESTIONS AND CORRECT ANSWERS
(VERIFIED ANSWERS) AGRADE
Which of the following is TRUE? - ✔✔ ANSWER- If an appointment is
terminated, an adjuster has 48 months to secure another appointment
Bad Faith & Adjusting Practices - Under the Florida Unfair Trade
Practices Act & the Unfair Methods of Competition and Unfair or
Deceptive Acts, all of the following are prohibited, EXCEPT: -
✔✔ ANSWER- Adjuster keeps accurate records on a
claim
Florida's Administrative Code contains a Code of Ethics for Adjuster -
which of the following is FALSE? - ✔✔ ANSWER- An Adjuster owes
fair
and prompt treatment to their own company's policyholders only
Which of the following is a duty owed to an invitee? - ✔✔ ANSWER-
land
owner must make reasonable efforts to maintain property in safe
condition
What is the difference between liability and coverage? - ✔✔ ANSWER-
liability is a legal doctrine and coverage is a contractual obligation
Which of the following is NOT one of the fiduciary responsibilities of
an adjuster? - ✔✔ ANSWER- Withhold pertinent information from
the
company to please a client
pg. 1
,2
Which of the following is NOT one of the duties of the Florida
Department of Financial Services? - ✔✔ ANSWER- The Department
writes policies for the non-standard insurance companies.
Continuing education requirements to maintain a Customer
representative license are: - ✔✔ ANSWER- 24 hours every two
years.
When an insurance licensee ends his appointment with an authorized
company in Florida, he has how long to secure another appointment? -
✔✔ ANSWER- 48 months
When an insurance licensee moves, he has how long to notify the
Florida Dept. of Financial Services of his change of address? -
✔✔ ANSWER- 30
Days
Activities that may result in license suspension or revocation include: -
✔✔ ANSWER- Using discriminatory practices Making false entries on an
insurance application Defaming another agent or company
Activities that may result in license suspension or revocation include: -
✔✔ ANSWER- Lacking reasonable knowledge & technical competence
Misappropriation of funds Failure to notify the Dept. of Insurance in
writing within 30 days after pleading guilty to a felony
All of the following are true concerning Joint Underwriting Associations
EXCEPT : - ✔✔ ANSWER- It is not possible to purchase a Homeowners
or
Dwelling Policy from Citizens
pg. 2
, 3
John wrote a policy through the Florida Automobile Joint Underwriting
Association, and the company issued the policy. What is the company
issuing the policy called ? - ✔✔ ANSWER- A servicing carrier
The business auto policy has flexibility to meet the needs of various
commercial enterprises. It is used to cover vehicles NOT covered by the
Personal Auto Policy. Which the following vehicle would NOT be
insured with a business auto policy: - ✔✔ ANSWER- Autos used for
business related purposes on a regular basis.Autos weighing 12,000 lbs.
gross vehicle weight.Autos titled in the name of a corporation or other
business interest.
In the business auto policy, symbol 1 is a broad coverage often used for
liability to denote: - ✔✔ ANSWER- "any
auto"
In Section II of the Business Auto Policy, liability is available for: -
✔✔ ANSWER- Named insured. Permissive operators of autos owned,
hired or borrowed. Anyone insured is vicariously liable for.
Exclusions under the liability section of the business auto policy include:
- ✔✔ ANSWER- Employee injuries-covered under worker
compensation
Liability for pollution, except from the normal operating fluids of the
vehicle. Liability arising from mobile equipment.
Which of the following is covered under the Garage Policy? -
✔✔ ANSWER- Garage
location
If an insured has $100,000 of "unstacked" UM, and 2 cars on the policy,
pg. 3
FLORIDA ADJUSTER EXAM LATEST 2023 ACTUAL
EXAM 200 QUESTIONS AND CORRECT ANSWERS
(VERIFIED ANSWERS) AGRADE
Which of the following is TRUE? - ✔✔ ANSWER- If an appointment is
terminated, an adjuster has 48 months to secure another appointment
Bad Faith & Adjusting Practices - Under the Florida Unfair Trade
Practices Act & the Unfair Methods of Competition and Unfair or
Deceptive Acts, all of the following are prohibited, EXCEPT: -
✔✔ ANSWER- Adjuster keeps accurate records on a
claim
Florida's Administrative Code contains a Code of Ethics for Adjuster -
which of the following is FALSE? - ✔✔ ANSWER- An Adjuster owes
fair
and prompt treatment to their own company's policyholders only
Which of the following is a duty owed to an invitee? - ✔✔ ANSWER-
land
owner must make reasonable efforts to maintain property in safe
condition
What is the difference between liability and coverage? - ✔✔ ANSWER-
liability is a legal doctrine and coverage is a contractual obligation
Which of the following is NOT one of the fiduciary responsibilities of
an adjuster? - ✔✔ ANSWER- Withhold pertinent information from
the
company to please a client
pg. 1
,2
Which of the following is NOT one of the duties of the Florida
Department of Financial Services? - ✔✔ ANSWER- The Department
writes policies for the non-standard insurance companies.
Continuing education requirements to maintain a Customer
representative license are: - ✔✔ ANSWER- 24 hours every two
years.
When an insurance licensee ends his appointment with an authorized
company in Florida, he has how long to secure another appointment? -
✔✔ ANSWER- 48 months
When an insurance licensee moves, he has how long to notify the
Florida Dept. of Financial Services of his change of address? -
✔✔ ANSWER- 30
Days
Activities that may result in license suspension or revocation include: -
✔✔ ANSWER- Using discriminatory practices Making false entries on an
insurance application Defaming another agent or company
Activities that may result in license suspension or revocation include: -
✔✔ ANSWER- Lacking reasonable knowledge & technical competence
Misappropriation of funds Failure to notify the Dept. of Insurance in
writing within 30 days after pleading guilty to a felony
All of the following are true concerning Joint Underwriting Associations
EXCEPT : - ✔✔ ANSWER- It is not possible to purchase a Homeowners
or
Dwelling Policy from Citizens
pg. 2
, 3
John wrote a policy through the Florida Automobile Joint Underwriting
Association, and the company issued the policy. What is the company
issuing the policy called ? - ✔✔ ANSWER- A servicing carrier
The business auto policy has flexibility to meet the needs of various
commercial enterprises. It is used to cover vehicles NOT covered by the
Personal Auto Policy. Which the following vehicle would NOT be
insured with a business auto policy: - ✔✔ ANSWER- Autos used for
business related purposes on a regular basis.Autos weighing 12,000 lbs.
gross vehicle weight.Autos titled in the name of a corporation or other
business interest.
In the business auto policy, symbol 1 is a broad coverage often used for
liability to denote: - ✔✔ ANSWER- "any
auto"
In Section II of the Business Auto Policy, liability is available for: -
✔✔ ANSWER- Named insured. Permissive operators of autos owned,
hired or borrowed. Anyone insured is vicariously liable for.
Exclusions under the liability section of the business auto policy include:
- ✔✔ ANSWER- Employee injuries-covered under worker
compensation
Liability for pollution, except from the normal operating fluids of the
vehicle. Liability arising from mobile equipment.
Which of the following is covered under the Garage Policy? -
✔✔ ANSWER- Garage
location
If an insured has $100,000 of "unstacked" UM, and 2 cars on the policy,
pg. 3
