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FLORIDA 3-20 PUBLIC ADJUSTERS STATE EXAM
ALL 150 QUESTIONS AND CORRECT ANSWERS
LATEST UPDATE THIS YEAR
QUESTION: An instance, behavior or environment that increases the likelihood of a loss on an
insured item - ANSWER-Hazard
QUESTION: Actual cause or source of an incidence of destruction, injury, or loss - ANSWER-Peril
QUESTION: An insurance company organized and domiciled outside the US - ANSWER-Alien
QUESTION: When there is an unbroken chain of events between an occurrence and a loss, then
the loss is part of the original occurrence - ANSWER-Proximate Cause
QUESTION: Is proximate cause of all subsequent damages - ANSWER-Original Occurance
QUESTION: An individual who contracts with an adjusting firm as an independent contractor
and handles claims for the insurance companies - ANSWER-Independent Adjuster
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, Page 2 of 28
QUESTION: Action or practice of the insured party is permitted to continue because any
defense against a continuation of said action or practice has been waived by the insurer -
ANSWER-Estoppel
QUESTION: Operate for profit, collect premiums, reserve a portion of premiums to pay claims -
ANSWER-Commercial Insurers
QUESTION: Any person who investigates or adjusts losses on behalf of either an insurer or a
self-insured - ANSWER-Independent Adjuster
QUESTION: The result of an insured's tort or wrongdoing. Consequences of a loss or amount or
type of losses suffered - ANSWER-Damages
QUESTION: Requires the insured to insure the named property for a specific amount of
insurance as required by the insurance company - ANSWER-Agreed Value
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, Page 3 of 28
Q; The insurer and insured agree to a specific value of insured item - ANSWER-Agreed Value
Policies
QUESTION: Someone who has care, custody or control of another's property - ANSWER-Bailee
QUESTION: Claim filed by policy holder against his _ - ANSWER-First Party Claim
QUESTION: When a person who entrusts another with an object and it results in injury to
someone can be held liable for the injury to someone. Can be held liable for the injury i.e.
Firearm or DWI - ANSWER-Negligent Entrustment
QUESTION: Hazard that results from a conscious decision made by an insured to participate in a
manner or behavior more likely to result in a loss because they have insurance - ANSWER-Moral
Hazard
QUESTION: Used to provide temporary insurance coverage until an insurance policy can be
written - ANSWER-Binder
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FLORIDA 3-20 PUBLIC ADJUSTERS STATE EXAM
ALL 150 QUESTIONS AND CORRECT ANSWERS
LATEST UPDATE THIS YEAR
QUESTION: An instance, behavior or environment that increases the likelihood of a loss on an
insured item - ANSWER-Hazard
QUESTION: Actual cause or source of an incidence of destruction, injury, or loss - ANSWER-Peril
QUESTION: An insurance company organized and domiciled outside the US - ANSWER-Alien
QUESTION: When there is an unbroken chain of events between an occurrence and a loss, then
the loss is part of the original occurrence - ANSWER-Proximate Cause
QUESTION: Is proximate cause of all subsequent damages - ANSWER-Original Occurance
QUESTION: An individual who contracts with an adjusting firm as an independent contractor
and handles claims for the insurance companies - ANSWER-Independent Adjuster
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, Page 2 of 28
QUESTION: Action or practice of the insured party is permitted to continue because any
defense against a continuation of said action or practice has been waived by the insurer -
ANSWER-Estoppel
QUESTION: Operate for profit, collect premiums, reserve a portion of premiums to pay claims -
ANSWER-Commercial Insurers
QUESTION: Any person who investigates or adjusts losses on behalf of either an insurer or a
self-insured - ANSWER-Independent Adjuster
QUESTION: The result of an insured's tort or wrongdoing. Consequences of a loss or amount or
type of losses suffered - ANSWER-Damages
QUESTION: Requires the insured to insure the named property for a specific amount of
insurance as required by the insurance company - ANSWER-Agreed Value
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, Page 3 of 28
Q; The insurer and insured agree to a specific value of insured item - ANSWER-Agreed Value
Policies
QUESTION: Someone who has care, custody or control of another's property - ANSWER-Bailee
QUESTION: Claim filed by policy holder against his _ - ANSWER-First Party Claim
QUESTION: When a person who entrusts another with an object and it results in injury to
someone can be held liable for the injury to someone. Can be held liable for the injury i.e.
Firearm or DWI - ANSWER-Negligent Entrustment
QUESTION: Hazard that results from a conscious decision made by an insured to participate in a
manner or behavior more likely to result in a loss because they have insurance - ANSWER-Moral
Hazard
QUESTION: Used to provide temporary insurance coverage until an insurance policy can be
written - ANSWER-Binder
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