Florida Claims Adjuster Exam – Complete Questions and Answers (Fully Verified Edition)

Florida Claims Adjuster Exam




1. Frank owned a home that was destroyed by a hurricane. Both ABC and XYZ B
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anks were listed as additional interests on his homeowner policy. The insuranc
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e company will make a payment to:
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A. The first mortgagee, ABC
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B. The Insured i




C. Jointly to ABC and XYZ i i i i




D. All listed interests: Ans- D. All listed interests
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Remember that the insurer is not responsible to know the degrees ofi interest. In the even
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ofia loss, one payment is made by the insurer and it is up to the additional interests on wor
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ng out their share.
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2. Insurance applies separately to each insured as if other insureds did not exi
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st. This is defined as:
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A. Severability

B. Conditional
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,C. Warranty

D. None of the above: Ans- A. Severability
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3. Property insurance policies usually contain a(n)
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clause, stating the insured cannot dump damaged property on the insurer and de
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mand its full value:
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A. Pro Rata i




B. Abandonment

C. Liberalization

D. All of the above: Ans- B. Abandonment
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4. A(n)



is one wherein economic loss would be suffered from an adverse happening to t
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he subject:
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A. Conditional Contract i




B. Personal Contract i




C. Economic Contract i



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,D. Insurable Interest: Ans- D. Insurable Interest
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, 5.

6. States that if the insurer adopts a revision which would broaden coverage wit
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hout additional premium within some period of time prior to the policy period or
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during the policy period, the insured receives the benefit of such broadened cov
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erage.

A. Cancellation Clause i




B. Policy Period i




C. Pro Rata i




D. Liberalization: Ans- i




iii D. Liberalization The time frame is ty
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pically 60 days. i i




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