Florida 3-20 Public Adjusters State Exam (Set 1)
questions and answers 2026\2027 A+ Grade
The insurer and insured agree to a specific value of insured item
- correct answer Agreed Value Policies
Someone who has care, custody or control of another's property
- correct answer Bailee
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
- correct answer Negligent Entrustment
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
- correct answer Moral Hazard
Used to provide temporary insurance coverage until an insurance policy can be written
- correct answer Binder
The section of an insurance policy identifying the insured, endorsements, coverages, limits, and
premiums
- correct answer Declarations
Actual cause or source of an incidence of destruction, injury, or loss
- correct answer Peril
Is proximate cause of all subsequent damages
- correct answer Original Occurance
questions and answers 2026\2027 A+ Grade
The insurer and insured agree to a specific value of insured item
- correct answer Agreed Value Policies
Someone who has care, custody or control of another's property
- correct answer Bailee
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
- correct answer Negligent Entrustment
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
- correct answer Moral Hazard
Used to provide temporary insurance coverage until an insurance policy can be written
- correct answer Binder
The section of an insurance policy identifying the insured, endorsements, coverages, limits, and
premiums
- correct answer Declarations
Actual cause or source of an incidence of destruction, injury, or loss
- correct answer Peril
Is proximate cause of all subsequent damages
- correct answer Original Occurance
