Florida Adjuster Exam with complete solution
To operate as an insurance agency in Florida an agency is required to:
A. appoint at least two agents to manage the agency
B. appoint the Office as its agent for service or process
C. obtain a license or reg1strabon from the state
D. have transacted insurance in Florida for at least two years before apply
for a license :~CORRECT ANSWER~C. obtain a license or registration
from the state
Owen's house is damaged when Latrice's car crashes into it. After Owen's
insurer pays to repair the house, the insurer tries to recover its costs from
Latrice. What provision in Owen's policy gives the insurer this right?
A. subrogation
B. recovered property
C. assignment
C. loss settlement :~CORRECT ANSWER~B. recovered property?
Which activity would fall outside the definition of "farming" in the
standard farm liability coverage form?
A. Selling farm produce from a roadside stand
,B. Selling tee shirts at a farmer's market in the city
C. Crop dusting
D. Field Irrigation :~CORRECT ANSWER~B. Selling tee shirts at a farmer's
market in the city?
Holly routinely charges her clients an extra amount in addition to the
premium stated In the insurance policy to cover her own personal
administrative expenses. What is true about Holly's actions?
A. They are lawful
B. They are lawful if the client agrees in writing
C. They are unlawful
D. They are lawful in most cases :~CORRECT ANSWER~C. They are
unlawful....?
Judith's engagement ring is stolen soon after she and her fiancé cancelled
their wedding plans. Instead of paying Judith in cash, her homeowners
insurance policy gives the insurer the right to:
A. assign recovery rights to her ex-fiancé.
B. replace the missing ring.
C. annul the engagement in writing.
D. deny coverage. :~CORRECT ANSWER~B. replace the missing ring.
, Which is NOT a bodily injury for purposes of coverage by the business
auto policy (BAP)?
A. disease.
B. death.
C. mental trauma.
D. illness. :~CORRECT ANSWER~C. mental trauma.
A businessowners property coverage applies to:
A. Business personal property.
B. Real estate and improvements.
C. Buildings alone.
D. Buildings, business personal property, or both. :~CORRECT
ANSWER~D. Buildings, business personal property, or both.
The purpose of uninsured motorists coverage is to:
A. protect insureds from drivers who have no auto liability insurance
B. protect uninsured divers from claims for bodily injury
C. protect uninsured drivers from claims for damage to their own autos
To operate as an insurance agency in Florida an agency is required to:
A. appoint at least two agents to manage the agency
B. appoint the Office as its agent for service or process
C. obtain a license or reg1strabon from the state
D. have transacted insurance in Florida for at least two years before apply
for a license :~CORRECT ANSWER~C. obtain a license or registration
from the state
Owen's house is damaged when Latrice's car crashes into it. After Owen's
insurer pays to repair the house, the insurer tries to recover its costs from
Latrice. What provision in Owen's policy gives the insurer this right?
A. subrogation
B. recovered property
C. assignment
C. loss settlement :~CORRECT ANSWER~B. recovered property?
Which activity would fall outside the definition of "farming" in the
standard farm liability coverage form?
A. Selling farm produce from a roadside stand
,B. Selling tee shirts at a farmer's market in the city
C. Crop dusting
D. Field Irrigation :~CORRECT ANSWER~B. Selling tee shirts at a farmer's
market in the city?
Holly routinely charges her clients an extra amount in addition to the
premium stated In the insurance policy to cover her own personal
administrative expenses. What is true about Holly's actions?
A. They are lawful
B. They are lawful if the client agrees in writing
C. They are unlawful
D. They are lawful in most cases :~CORRECT ANSWER~C. They are
unlawful....?
Judith's engagement ring is stolen soon after she and her fiancé cancelled
their wedding plans. Instead of paying Judith in cash, her homeowners
insurance policy gives the insurer the right to:
A. assign recovery rights to her ex-fiancé.
B. replace the missing ring.
C. annul the engagement in writing.
D. deny coverage. :~CORRECT ANSWER~B. replace the missing ring.
, Which is NOT a bodily injury for purposes of coverage by the business
auto policy (BAP)?
A. disease.
B. death.
C. mental trauma.
D. illness. :~CORRECT ANSWER~C. mental trauma.
A businessowners property coverage applies to:
A. Business personal property.
B. Real estate and improvements.
C. Buildings alone.
D. Buildings, business personal property, or both. :~CORRECT
ANSWER~D. Buildings, business personal property, or both.
The purpose of uninsured motorists coverage is to:
A. protect insureds from drivers who have no auto liability insurance
B. protect uninsured divers from claims for bodily injury
C. protect uninsured drivers from claims for damage to their own autos
