ACA Final Exam Questions With 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 |- |CORRECT |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 |- |CORRECT |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 |- |CORRECT |ANSWER✔✔-30
An |Insurance |Policy |is |a |contract |with |all |of |the |following |characteristics, |EXCEPT
It |is |a |personal |contract.
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. |- |CORRECT |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 |- |CORRECT |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. |- |CORRECT |ANSWER✔✔-is |assigned |by |law |or |statute.
Risks |that |are |insurable |are:
Speculative |risk
Pure |risk
Both |A |& |B
None |of |the |above |- |CORRECT |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:
Adhesion
Actual |Cash |Value
Indemnity
Severability |- |CORRECT |ANSWER✔✔-Indemnity
Firemen |caused |water |damage |to |a |property |by |spraying |water |to |put |out |a |fire. |If |the |
property |insurance |policy |listed |"fire" |as |the |only |named |peril:
The |water |damage |is |not |a |covered |peril.
The |fire |dept. |has |liability |for |the |water |damage.
The |water |damage |is |covered |due |to |the |concept |of |proximate |cause.
The |Fire |damage |is |covered |but |not |the |water |damage |due |to |proximate |cause. |- |CORRECT |
ANSWER✔✔-The |water |damage |is |covered |due |to |the |concept |of |proximate |cause.
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 |- |CORRECT |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 |- |CORRECT |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 |- |CORRECT |ANSWER✔✔-30
An |Insurance |Policy |is |a |contract |with |all |of |the |following |characteristics, |EXCEPT
It |is |a |personal |contract.
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. |- |CORRECT |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 |- |CORRECT |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. |- |CORRECT |ANSWER✔✔-is |assigned |by |law |or |statute.
Risks |that |are |insurable |are:
Speculative |risk
Pure |risk
Both |A |& |B
None |of |the |above |- |CORRECT |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:
Adhesion
Actual |Cash |Value
Indemnity
Severability |- |CORRECT |ANSWER✔✔-Indemnity
Firemen |caused |water |damage |to |a |property |by |spraying |water |to |put |out |a |fire. |If |the |
property |insurance |policy |listed |"fire" |as |the |only |named |peril:
The |water |damage |is |not |a |covered |peril.
The |fire |dept. |has |liability |for |the |water |damage.
The |water |damage |is |covered |due |to |the |concept |of |proximate |cause.
The |Fire |damage |is |covered |but |not |the |water |damage |due |to |proximate |cause. |- |CORRECT |
ANSWER✔✔-The |water |damage |is |covered |due |to |the |concept |of |proximate |cause.
