Claims Adjuster (Florida) Exam: Complete Study
Guide 2025 real exam !!!!
Frank owned a home that was destroyed by a hurricane. Both TD Bank and Bank of America were listed
as additional interests on his homeowner policy. The insurance company will make a payment to:
A. The first mortgagee, TD Bank
B. The Insured
C. Jointly to TD Bank and Bank of America
D. All listed interests - -ANSWER-D. All listed interests
Insurance applies separately to each insured as if other insureds did not exist. This is defined as:
A. Severability
B. Conditional
C. Warranty
D. None of the above - -ANSWER-A. Severability
Property insurance policies usually contain a(n) __________ clause, stating the insured cannot dump
damaged property on the insurer and demand its full value:
A. Pro Rata
B. Abandonment
C. Liberalization
D. All of the above - -ANSWER-B. Abandonment
,A(n) __________ is one wherein economic loss would be suffered from an adverse happening to the
subject:
A. Conditional Contract
B. Personal Contract
C. Economic Contract
D. Insurable Interest - -ANSWER-D. Insurable Interest
States that if the insurer adopts a revision which would broaden coverage without additional premium
within some period of time prior to the policy period or during the policy period, the insured receives
the benefit of such broadened coverage.
A. Cancellation Clause
B. Policy Period
C. Pro Rata
D. Liberalization - -ANSWER-D. Liberalization
Time frame is typically 60 days
The __________ states that when there is an unbroken connection between an occurrence and damage
that grows out of the occurrence, then the resultant damage is all a part of the occurrence.
A. Doctrine of Proximate Cause
B. Doctrine of Perils & Hazards
C. Insurance Policy Handbook
D. Doctrine of Property Insurance - -ANSWER-D. Doctrine of Property Insurance
The Loss Settlement Valuation that subtracts an allowance for depreciation is defined as?
A. Actual Cash Value
B. Replacement Cost
C. "Old for New"
D. None of the Above - -ANSWER-A. Actual Cash Value
, A policy condition, either based on information in the insured's application or inserted by the insurer, is
defined as:
A. Warranty
B. Misrepresentation
C. Concealment
D. None of the Above - -ANSWER-A. Warranty
The following are basic characteristics of a property or liability insurance contract, except:
A. Personal Contract
B. Conditional Contract
C. Loss of Settlement Contract
D. Contract of Adhesion - -ANSWER-C. Loss of Settlement Contract
The Insurer's responsibility to pay for a property loss may be conditioned on the insured having used
reasonable means to avoid the loss, to protect the property against further loss, and to give the insurer
proof of the loss is defined as?
A. Conditional Contract
B. Adhesion Contract
C. Indemnity Contract
D. All of the Above - -ANSWER-A. Conditional Contract
Which of the following is not one of the "Thresholds" in the "No-Fault" law?
A. Death of the Insured
B. Temporary Injury of the Insured
C. A permanent loss of a bodily function
D. Permanent scarring on the face of the insured - -ANSWER-B. Temporary Injury of the Insured
Under Mechanical Breakdown Coverage, new cars are eligible for service up to:
A. 36 Months/36,000 Miles
B. 24 Months/36,000 Miles
Guide 2025 real exam !!!!
Frank owned a home that was destroyed by a hurricane. Both TD Bank and Bank of America were listed
as additional interests on his homeowner policy. The insurance company will make a payment to:
A. The first mortgagee, TD Bank
B. The Insured
C. Jointly to TD Bank and Bank of America
D. All listed interests - -ANSWER-D. All listed interests
Insurance applies separately to each insured as if other insureds did not exist. This is defined as:
A. Severability
B. Conditional
C. Warranty
D. None of the above - -ANSWER-A. Severability
Property insurance policies usually contain a(n) __________ clause, stating the insured cannot dump
damaged property on the insurer and demand its full value:
A. Pro Rata
B. Abandonment
C. Liberalization
D. All of the above - -ANSWER-B. Abandonment
,A(n) __________ is one wherein economic loss would be suffered from an adverse happening to the
subject:
A. Conditional Contract
B. Personal Contract
C. Economic Contract
D. Insurable Interest - -ANSWER-D. Insurable Interest
States that if the insurer adopts a revision which would broaden coverage without additional premium
within some period of time prior to the policy period or during the policy period, the insured receives
the benefit of such broadened coverage.
A. Cancellation Clause
B. Policy Period
C. Pro Rata
D. Liberalization - -ANSWER-D. Liberalization
Time frame is typically 60 days
The __________ states that when there is an unbroken connection between an occurrence and damage
that grows out of the occurrence, then the resultant damage is all a part of the occurrence.
A. Doctrine of Proximate Cause
B. Doctrine of Perils & Hazards
C. Insurance Policy Handbook
D. Doctrine of Property Insurance - -ANSWER-D. Doctrine of Property Insurance
The Loss Settlement Valuation that subtracts an allowance for depreciation is defined as?
A. Actual Cash Value
B. Replacement Cost
C. "Old for New"
D. None of the Above - -ANSWER-A. Actual Cash Value
, A policy condition, either based on information in the insured's application or inserted by the insurer, is
defined as:
A. Warranty
B. Misrepresentation
C. Concealment
D. None of the Above - -ANSWER-A. Warranty
The following are basic characteristics of a property or liability insurance contract, except:
A. Personal Contract
B. Conditional Contract
C. Loss of Settlement Contract
D. Contract of Adhesion - -ANSWER-C. Loss of Settlement Contract
The Insurer's responsibility to pay for a property loss may be conditioned on the insured having used
reasonable means to avoid the loss, to protect the property against further loss, and to give the insurer
proof of the loss is defined as?
A. Conditional Contract
B. Adhesion Contract
C. Indemnity Contract
D. All of the Above - -ANSWER-A. Conditional Contract
Which of the following is not one of the "Thresholds" in the "No-Fault" law?
A. Death of the Insured
B. Temporary Injury of the Insured
C. A permanent loss of a bodily function
D. Permanent scarring on the face of the insured - -ANSWER-B. Temporary Injury of the Insured
Under Mechanical Breakdown Coverage, new cars are eligible for service up to:
A. 36 Months/36,000 Miles
B. 24 Months/36,000 Miles
