Florida Adjuster Study guides, Class notes & Summaries

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 - 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, ...

Which of the following is NOT one of the duties of the Department of Financial Services? b. Dept does NOT set rates nor write policies - ANSWER-Set rates and write policies for various company products The adjuster has a particular relationship to his principal, the insurer. Which of the following best describes this relationship? - ANSWER-It is a fiduciary relationship. The Claims Adjuster's role in the insurance industry includes all the following EXCEPT: - ANSWER-Gives appropriate leg...

FLORIDA ADJUSTER EXAM AND PRACTICE EXAM NEWEST 2024 ACTUAL EXAM COMPLETE 500 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A

Insurance: transfer of risk by contract to insurers who agree to indemnify insureds for losses Risk: chance of loss pure risk: only outcomes are loss or no loss personal risk: premature death, insufficient income, poor health, unemployment property risk: loss of real property or personal property (on the land not the land itself) Liability risk: something that results in loss to another (3rd party buyout) Controlling risk: risk management; minimal loss speculative risk: either profit or l...

FLORIDA ADJUSTER EXAM LATEST 2023 ACTUAL EXAM 200 QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS) |AGRADE FLORIDA ADJUSTER EXAM LATEST 2023 ACTUAL EXAM 200 QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS) |AGRADE FLORIDA ADJUSTER EXAM LATEST 2023 ACTUAL EXAM 200 QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS) |AGRADE

Florida Adjuster EXAM Latest 2023 Actual EXAM 200 Questions AND Correct Answers Already Graded A

Florida Adjuster Exam With Verified And 100% Correct Answers

Florida Adjuster Exam Questions with correct Answers What is Insurance? - Answer - A financial tool that protects people from their losses. Transfers risk from one party to another: 1. Insured (people) purchases an insurance policy 2. Insurer provides financial protection to the insured How does Insurance work? - Answer - 1. Insured pays a premium 2. Insurer promises to pay for specified losses if they occur 3. Insurer's promise gives peace of mind to insured Spreading Risk (How Insuranc...

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