ACA FINAL EXAM LATEST 2023-2024 REAL EXAM AND QUESTIONS AND CORRECT ANSWERS
At the end of this course, you must do which of the following?
Pass the final course exam with a scored of 70% or higher
Print your certificate from this website
Apply for your Insurance Adjuster license at the Florida Department of Financial Services website at
www.myfloridacfo.com/division/agents
All of the above - (answer) All of the above
Which of the following is NOT one of the duties of the Department of Financial Services?
License adjusters
Set rates and write policies for various company products
Supervise the claims activity of adjusters
Investigate charges of unethical conduct of adjusters - (answer) Set rates and write policies for various
company products
When an insurance licensee moves, he has how long to notify the Florida Dept. of Financial Services of
his change of address?
10 Days
30 Days
60 Days
180 Days - (answer) 30
An Insurance Policy is a contract with all of the following characteristics, EXCEPT
It is a personal contract.
, ACA FINAL EXAM LATEST 2023-2024 REAL EXAM AND QUESTIONS AND CORRECT ANSWERS
Parties are of unequal power with ambiguities or unclear wording resolved in favor of the insured
because it is a contract of adhesion.
Indemnity is not part of an insurance contract.
There are conditions imposed upon both the insurer and insured. - (answer) Indemnity is not part of an
insurance contract.
An insurance contract may contain a "gray area" or an ambiguity, that is generally resolved in favor of
the insured because insurance policies are contracts of:
Indemnity
Cohesion
Adhesion
Conditions - (answer) adhesion
Strict or Absolute Liability
applies to school systems.
must have failure to use "due care.
"considers the actions of a prudent person.
is assigned by law or statute. - (answer) is assigned by law or statute.
Risks that are insurable are:
Speculative risk
Pure risk
Both A & B
None of the above - (answer) Pure Risk
The goal of insurance is to restore the insured to the same economic position as before the covered loss
occurred, this is the principle of:
At the end of this course, you must do which of the following?
Pass the final course exam with a scored of 70% or higher
Print your certificate from this website
Apply for your Insurance Adjuster license at the Florida Department of Financial Services website at
www.myfloridacfo.com/division/agents
All of the above - (answer) All of the above
Which of the following is NOT one of the duties of the Department of Financial Services?
License adjusters
Set rates and write policies for various company products
Supervise the claims activity of adjusters
Investigate charges of unethical conduct of adjusters - (answer) Set rates and write policies for various
company products
When an insurance licensee moves, he has how long to notify the Florida Dept. of Financial Services of
his change of address?
10 Days
30 Days
60 Days
180 Days - (answer) 30
An Insurance Policy is a contract with all of the following characteristics, EXCEPT
It is a personal contract.
, ACA FINAL EXAM LATEST 2023-2024 REAL EXAM AND QUESTIONS AND CORRECT ANSWERS
Parties are of unequal power with ambiguities or unclear wording resolved in favor of the insured
because it is a contract of adhesion.
Indemnity is not part of an insurance contract.
There are conditions imposed upon both the insurer and insured. - (answer) Indemnity is not part of an
insurance contract.
An insurance contract may contain a "gray area" or an ambiguity, that is generally resolved in favor of
the insured because insurance policies are contracts of:
Indemnity
Cohesion
Adhesion
Conditions - (answer) adhesion
Strict or Absolute Liability
applies to school systems.
must have failure to use "due care.
"considers the actions of a prudent person.
is assigned by law or statute. - (answer) is assigned by law or statute.
Risks that are insurable are:
Speculative risk
Pure risk
Both A & B
None of the above - (answer) Pure Risk
The goal of insurance is to restore the insured to the same economic position as before the covered loss
occurred, this is the principle of:
