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This comprehensive Florida 3-20 Public Adjuster exam preparation document is expertly designed for candidates preparing for the Florida Department of Financial Services (DFS) 3-20 Public Adjuster Licensing Exam. It features 500+ verified, exam-style questions with accurate answers and detailed rationales, covering property and casualty insurance fundamentals, homeowners and commercial policies, claims handling, loss evaluation, policy interpretation, Florida insurance laws and statutes, ethics, ...

Florida Insurance Adjuster Exam Practice Questions And Correct Answers (Verified Answers) Plus Rationales 2025|2026 Q&A | Instant Download Pdf

Florida All Lines Adjuster Vocab UPDATED ACTUAL Exam Questions and CORRECT Answers Abandonment Clause - CORRECT ANSWER - a clause often contained in property insurance policies stating that the insured cannot abandon damaged property to the insurer and demand to be reimbursed for its full value Accident - CORRECT ANSWER - a sudden fortuitous event Actual Cash Value (ACV) - CORRECT ANSWER - The cost to replace an item of property at the time of loss, less an allowance fo...

Florida Claims Adjuster UPDATED ACTUAL Exam Questions and CORRECT Answers Peril - CORRECT ANSWER Hazard - CORRECT ANSWER occur. Warranty - CORRECT ANSWER - Somthing that causes a loss. - Something that increases the probability that a loss will - A policy condition, either based on information in the insureds application or inserted by the insurer. It is a guarantee of a fac

Florida Claims Adjuster UPDATED Exam Questions and CORRECT Answers Frank owned a home that was destroyed by a hurricane. Both ABC and XYZ Banks were listed as additional interests on his homeowner policy. The insurance company will make a payment to: A. The first mortgagee, ABC B. The Insured C. Jointly to ABC and XYZ D. All listed interests - CORRECT ANSWER - D. All listed interests Remember that the insurer is not responsible to know the degrees of interest. In the event...

Claims Adjuster Final (Multiple Choice UPDATED ACTUAL Exam Questions and CORRECT Answers An adjuster is a fiduciary agent with a responsibility of loyalty to the interest of - CORRECT ANSWER - The insured and insurer An insurer gives which of the following as Consideration for an insurance policy? - CORRECT ANSWER - A Promise The interest of the insured and all other persons in the property involved in a claim is found in - CORRECT ANSWER - A Proof of Loss

ADJUSTERS License 6-20 UPDATED ACTUAL Exam Questions and CORRECT Answers What is an Insurance Policy - CORRECT ANSWER (agreement between 2 parties) - An Insurance Policy is a Contract Insurance Policy in the state of Florida must be? - CORRECT ANSWER order to constitute a policy Legal Definition of Insurance - CORRECT ANSWER - Written in - Contract that undertakes to indemnity, or make whole, or pay a certain amount in the event a covered loss occurs.

FL 6-20 Claims Adjuster UPDATED ACTUAL Exam Questions and CORRECT Answers What is Insurance? - CORRECT ANSWER - Financial tool that protects individuals and organizations from unforeseen and extraordinary financial losses by transferring risk to another party. What is the Principle of Indemnity? - CORRECT ANSWER previous financial condition; no more, no less. What is a Premium? - CORRECT ANSWER - Restoration of approximate - A fee that the insured pays in exchange for

Claims Adjuster's Exam (FL) UPDATED ACTUAL Exam Questions and CORRECT Answers -Insurable Interest must exist at the time of the loss. -Insurance Interest must exist for insurance to respond. *Show a similarity between insurance and wagering* -The insured would suffer an economic loss. - CORRECT ANSWER following describe insurable interest EXCEPT -It is a personal contract. - All of the -Parties are of unequal power with ambiguities or unclear wording resolved in favor of t

6.20 All Lines Adjuster- Florida- Review UPDATED ACTUAL Exam Questions and CORRECT Answers The deductible - CORRECT ANSWER - The dollar amount that the insured pays before the insurer is required to pay the remainder of the loss is known as? Replacement cost - CORRECT ANSWER - Which loss settlement provides new for old? the claims adjuster's role in the insurance industry includes - CORRECT ANSWER appropriate legal advice and write binding contracts following are e...