FLORIDA PUBLIC ADJUSTER CORRECT ACTUAL
EXAM QUESTIONS AND ANSWERS SURE A+
✔✔Physical harm to tangible property caused by peril (loss to property or person in
which a covered peril is the proximate cause of damage or destruction) - ✔✔Direct loss
✔✔The entity that is the "recipient" to the Principal - ✔✔Obligee
✔✔Insurance contracts are written on a take it or leave it basis to the policy owner. -
✔✔Adhesion
✔✔Event or circumstance that causes damage - ✔✔Occurance
✔✔Coverage provides for payment of losses if civil authority denies access to the
insured premises due to a covered peril - ✔✔Civil Authority
✔✔Voluntary relinquishment of a known legal right - ✔✔Waiver
✔✔An insurer domiciled outside the state where it writes insurance - ✔✔Foreign
✔✔A state officer who administers the state's insurance laws and regulations -
✔✔Commissioner
✔✔Used as a promise to accept a bid if awarded to a company - ✔✔Bid bond
✔✔Damaged property an insurer takes over to reduce their loss after paying a claim -
✔✔Salvage
✔✔Factual statements upon which an insurance policy is based - ✔✔Representations
, ✔✔A contract between two parties that offer the consumer little to no leeway to
negotiate the terms of the contract - ✔✔Contract of adhesion
✔✔Publication in any media by the insured about goods or services -
✔✔Advertisements
✔✔Also known as Absolute Liability, based on the theory of the duty of making
something sage that is inherently dangerous - ✔✔Strict Torts
✔✔A house, structure, also referred to as a "primary risk" - ✔✔Dwelling
✔✔Condition enforced by the courts to do something bound under law or in a contract -
✔✔Strict Torts
✔✔Amount of loss paid by the policy holder - ✔✔Deductible
✔✔Violation of an agreement between a seller and buyer in reference to the condition,
content, quality, or title of an item sold - ✔✔Breach of Warranty
✔✔Compensation, reparation - ✔✔Indemnify
✔✔Provides property coverage on a contractor's interest in equipment intended for
permanent installation while it is being transported, unloaded, and installed -
✔✔Installation Floater
✔✔A beneficiary of a contract only as a result of the First Party's negligence - ✔✔Third
Party
✔✔Reinsurance agreement where the insurers involved will pay claims in direct
relationship with the % of the risk that they are insuring - ✔✔Quota Share
✔✔Sharing the cost of replacement - ✔✔Risk Sharing
✔✔A legal action filed by one or more persons on behalf of themselves and others
having an identical interest in the alleged wrongdoing - ✔✔Class-Action
✔✔A specific risk or cause of loss covered by an insurance policy, such as fire,
windstorm, flood, theft, etc. - ✔✔Peril
✔✔Dangers in a store, warehouse, or office; circumstances of risks and perils
determine who is responsible for _____ - ✔✔Premises Liability
EXAM QUESTIONS AND ANSWERS SURE A+
✔✔Physical harm to tangible property caused by peril (loss to property or person in
which a covered peril is the proximate cause of damage or destruction) - ✔✔Direct loss
✔✔The entity that is the "recipient" to the Principal - ✔✔Obligee
✔✔Insurance contracts are written on a take it or leave it basis to the policy owner. -
✔✔Adhesion
✔✔Event or circumstance that causes damage - ✔✔Occurance
✔✔Coverage provides for payment of losses if civil authority denies access to the
insured premises due to a covered peril - ✔✔Civil Authority
✔✔Voluntary relinquishment of a known legal right - ✔✔Waiver
✔✔An insurer domiciled outside the state where it writes insurance - ✔✔Foreign
✔✔A state officer who administers the state's insurance laws and regulations -
✔✔Commissioner
✔✔Used as a promise to accept a bid if awarded to a company - ✔✔Bid bond
✔✔Damaged property an insurer takes over to reduce their loss after paying a claim -
✔✔Salvage
✔✔Factual statements upon which an insurance policy is based - ✔✔Representations
, ✔✔A contract between two parties that offer the consumer little to no leeway to
negotiate the terms of the contract - ✔✔Contract of adhesion
✔✔Publication in any media by the insured about goods or services -
✔✔Advertisements
✔✔Also known as Absolute Liability, based on the theory of the duty of making
something sage that is inherently dangerous - ✔✔Strict Torts
✔✔A house, structure, also referred to as a "primary risk" - ✔✔Dwelling
✔✔Condition enforced by the courts to do something bound under law or in a contract -
✔✔Strict Torts
✔✔Amount of loss paid by the policy holder - ✔✔Deductible
✔✔Violation of an agreement between a seller and buyer in reference to the condition,
content, quality, or title of an item sold - ✔✔Breach of Warranty
✔✔Compensation, reparation - ✔✔Indemnify
✔✔Provides property coverage on a contractor's interest in equipment intended for
permanent installation while it is being transported, unloaded, and installed -
✔✔Installation Floater
✔✔A beneficiary of a contract only as a result of the First Party's negligence - ✔✔Third
Party
✔✔Reinsurance agreement where the insurers involved will pay claims in direct
relationship with the % of the risk that they are insuring - ✔✔Quota Share
✔✔Sharing the cost of replacement - ✔✔Risk Sharing
✔✔A legal action filed by one or more persons on behalf of themselves and others
having an identical interest in the alleged wrongdoing - ✔✔Class-Action
✔✔A specific risk or cause of loss covered by an insurance policy, such as fire,
windstorm, flood, theft, etc. - ✔✔Peril
✔✔Dangers in a store, warehouse, or office; circumstances of risks and perils
determine who is responsible for _____ - ✔✔Premises Liability
