FLORIDA PUBLIC ADJUSTER STATE
EXAM SET 1/ACTUAL EXAM QUESTIONS
AND CORRECT VERIFIED ANSWERS
VERSION |A GRADED WITH EXPERT
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Terms in this set (140)
The insurer and Agreed Value Policies
insured agree to a
specific value of
insured item
Someone who has Bailee
care, custody or
control of another's
property
Claim filed by First Party Claim
policy holder
against his _
,When a person who Negligent Entrustment
entrusts another
with an object and it
results in injury to
someone can be
held liable for the
injury to someone.
Can be held liable
for the injury i.e.
Firearm or DWI
Hazard that results Moral Hazard
from a conscious
decision made by
an insured to
participate in a
manner or behavior
more likely to result
in a loss because
they have insurance
Used to provide Binder
temporary
insurance coverage
until an insurance
policy can be
written
Required by lenders Completion Bonds
to guarantee that
outstanding loans
against a job are
paid upon
completion
, The section of an Declarations
insurance policy
identifying the
insured,
endorsements,
coverages, limits,
and premiums
Policyholder cannot Assignment
transfer the policy
to someone else
without written
permission from
their insurance
company
An instance, Hazard
behavior or
environment that
increases the
likelihood of a loss
on an insured item
Actual cause or Peril
source of an
incidence of
destruction, injury,
or loss
An insurance Alien
company organized
and domiciled
outside the US
EXAM SET 1/ACTUAL EXAM QUESTIONS
AND CORRECT VERIFIED ANSWERS
VERSION |A GRADED WITH EXPERT
FEEDBACK|BRAND NEW!!
Leave the first rating
Save
Terms in this set (140)
The insurer and Agreed Value Policies
insured agree to a
specific value of
insured item
Someone who has Bailee
care, custody or
control of another's
property
Claim filed by First Party Claim
policy holder
against his _
,When a person who Negligent Entrustment
entrusts another
with an object and it
results in injury to
someone can be
held liable for the
injury to someone.
Can be held liable
for the injury i.e.
Firearm or DWI
Hazard that results Moral Hazard
from a conscious
decision made by
an insured to
participate in a
manner or behavior
more likely to result
in a loss because
they have insurance
Used to provide Binder
temporary
insurance coverage
until an insurance
policy can be
written
Required by lenders Completion Bonds
to guarantee that
outstanding loans
against a job are
paid upon
completion
, The section of an Declarations
insurance policy
identifying the
insured,
endorsements,
coverages, limits,
and premiums
Policyholder cannot Assignment
transfer the policy
to someone else
without written
permission from
their insurance
company
An instance, Hazard
behavior or
environment that
increases the
likelihood of a loss
on an insured item
Actual cause or Peril
source of an
incidence of
destruction, injury,
or loss
An insurance Alien
company organized
and domiciled
outside the US
