Florida 3-20 Public Adjusters
State Exam (Set 1) Questions and
Answers 2026/2027 Sure Pass
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
Claim filed by policy holder against his _
Correct Answer: First Party Claim
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
Required by lenders to guarantee that outstanding loans
against a job are paid upon completion
Correct Answer: Completion Bonds
1
, The section of an insurance policy identifying the insured,
endorsements, coverages, limits, and premiums
Correct Answer: Declarations
Policyholder cannot transfer the policy to someone else
without written permission from their insurance company
Correct Answer: Assignment
An instance, behavior or environment that increases the
likelihood of a loss on an insured item
Correct Answer: Hazard
Actual cause or source of an incidence of destruction,
injury, or loss
Correct Answer: Peril
An insurance company organized and domiciled outside
the US
Correct Answer: Alien
When there is an unbroken chain of events between an
occurrence and a loss, then the loss is part of the original
occurrence
Correct Answer: Proximate Cause
Is proximate cause of all subsequent damages
Correct Answer: Original Occurance
An individual who contracts with an adjusting firm as an
independent contractor and handles claims for the
insurance companies
Correct Answer: Independent Adjuster
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
2
State Exam (Set 1) Questions and
Answers 2026/2027 Sure Pass
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
Claim filed by policy holder against his _
Correct Answer: First Party Claim
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
Required by lenders to guarantee that outstanding loans
against a job are paid upon completion
Correct Answer: Completion Bonds
1
, The section of an insurance policy identifying the insured,
endorsements, coverages, limits, and premiums
Correct Answer: Declarations
Policyholder cannot transfer the policy to someone else
without written permission from their insurance company
Correct Answer: Assignment
An instance, behavior or environment that increases the
likelihood of a loss on an insured item
Correct Answer: Hazard
Actual cause or source of an incidence of destruction,
injury, or loss
Correct Answer: Peril
An insurance company organized and domiciled outside
the US
Correct Answer: Alien
When there is an unbroken chain of events between an
occurrence and a loss, then the loss is part of the original
occurrence
Correct Answer: Proximate Cause
Is proximate cause of all subsequent damages
Correct Answer: Original Occurance
An individual who contracts with an adjusting firm as an
independent contractor and handles claims for the
insurance companies
Correct Answer: Independent Adjuster
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
2
