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FLORIDA CLAIMS ADJUSTER EXAM | 150 QUESTIONS WITH
100% CORRECT ANSWERS , ALREADY GRADED A+,2026-
2027
Q1.
Which principle of insurance makes sure that an insured person
cannot profit from a loss, but is only restored to the same
financial condition that existed before the loss occurred?
a) Subrogation
b) Indemnity
c) Insurable interest
d) Consideration
Correct Answer: b) Indemnity
Q2.
An insured leaves his car unlocked with the keys inside, showing a
careless attitude that increases the chance of theft.
This type of hazard is best described as which of the following?
a) Physical hazard
b) Moral hazard
c) Morale hazard
d) Legal hazard
Correct Answer: c) Morale hazard
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Q3.
When an insurance company pays its insured for a loss and then
acquires the insured’s right to recover damages from a third
party, what is this legal process called?
a) Estoppel
b) Subrogation
c) Indemnity
d) Assignment
Correct Answer: b) Subrogation
Q4.
An enforceable insurance contract must have offer and
acceptance, legal purpose, competent parties, and consideration.
Which of the following is NOT required for the validity of such a
contract?
a) Legal purpose
b) Competent parties
c) Equal consideration
d) Offer and acceptance
Correct Answer: c) Equal consideration
Q5.
A policy contains a coinsurance clause that requires the insured to
carry at least 80% of the property’s replacement cost.
What is the primary purpose of this coinsurance requirement?
a) Eliminate deductibles
b) Encourage adequate insurance
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c) Reduce insurer profits
d) Apply to liability losses
Correct Answer: b) Encourage adequate insurance
Q6.
In an insurance policy, which section sets forth the responsibilities
and obligations of both the insured and the insurer, such as the
duty to report losses and how disputes are handled?
a) Declarations
b) Conditions
c) Insuring agreement
d) Exclusions
Correct Answer: b) Conditions
Q7.
Which section of the insurance policy identifies the insured, the
policy period, policy limits, and premium amounts, essentially
personalizing the contract to the policyholder?
a) Exclusions
b) Declarations
c) Conditions
d) Endorsements
Correct Answer: b) Declarations
Q8.
When an insurance contract is changed after it has been issued,
the document used to legally modify or add to the policy terms is
called what?
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a) Riders
b) Endorsements
c) Conditions
d) Declarations
Correct Answer: b) Endorsements
Q9.
A homeowner’s policy specifically removes coverage for
earthquake damage.
In which part of the policy would this removal of coverage be
found?
a) Conditions
b) Endorsements
c) Exclusions
d) Insuring agreement
Correct Answer: c) Exclusions
Q10.
The section of an insurance contract that explains how claims will
be paid, including whether settlement is based on actual cash
value or replacement cost, is known as which clause?
a) Conditions
b) Declarations
c) Exclusions
d) Endorsements
Correct Answer: a) Conditions
Q11.
FLORIDA CLAIMS ADJUSTER EXAM | 150 QUESTIONS WITH
100% CORRECT ANSWERS , ALREADY GRADED A+,2026-
2027
Q1.
Which principle of insurance makes sure that an insured person
cannot profit from a loss, but is only restored to the same
financial condition that existed before the loss occurred?
a) Subrogation
b) Indemnity
c) Insurable interest
d) Consideration
Correct Answer: b) Indemnity
Q2.
An insured leaves his car unlocked with the keys inside, showing a
careless attitude that increases the chance of theft.
This type of hazard is best described as which of the following?
a) Physical hazard
b) Moral hazard
c) Morale hazard
d) Legal hazard
Correct Answer: c) Morale hazard
,2 | Page
Q3.
When an insurance company pays its insured for a loss and then
acquires the insured’s right to recover damages from a third
party, what is this legal process called?
a) Estoppel
b) Subrogation
c) Indemnity
d) Assignment
Correct Answer: b) Subrogation
Q4.
An enforceable insurance contract must have offer and
acceptance, legal purpose, competent parties, and consideration.
Which of the following is NOT required for the validity of such a
contract?
a) Legal purpose
b) Competent parties
c) Equal consideration
d) Offer and acceptance
Correct Answer: c) Equal consideration
Q5.
A policy contains a coinsurance clause that requires the insured to
carry at least 80% of the property’s replacement cost.
What is the primary purpose of this coinsurance requirement?
a) Eliminate deductibles
b) Encourage adequate insurance
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c) Reduce insurer profits
d) Apply to liability losses
Correct Answer: b) Encourage adequate insurance
Q6.
In an insurance policy, which section sets forth the responsibilities
and obligations of both the insured and the insurer, such as the
duty to report losses and how disputes are handled?
a) Declarations
b) Conditions
c) Insuring agreement
d) Exclusions
Correct Answer: b) Conditions
Q7.
Which section of the insurance policy identifies the insured, the
policy period, policy limits, and premium amounts, essentially
personalizing the contract to the policyholder?
a) Exclusions
b) Declarations
c) Conditions
d) Endorsements
Correct Answer: b) Declarations
Q8.
When an insurance contract is changed after it has been issued,
the document used to legally modify or add to the policy terms is
called what?
, 4 | Page
a) Riders
b) Endorsements
c) Conditions
d) Declarations
Correct Answer: b) Endorsements
Q9.
A homeowner’s policy specifically removes coverage for
earthquake damage.
In which part of the policy would this removal of coverage be
found?
a) Conditions
b) Endorsements
c) Exclusions
d) Insuring agreement
Correct Answer: c) Exclusions
Q10.
The section of an insurance contract that explains how claims will
be paid, including whether settlement is based on actual cash
value or replacement cost, is known as which clause?
a) Conditions
b) Declarations
c) Exclusions
d) Endorsements
Correct Answer: a) Conditions
Q11.
