florida insurance adjuster licensing Test
Questions with 100% Correct Answers
statute of limitations
a plaintiff has a limited time to file a complaint after an occurence
waiver of sovereign
individuals may sue government entities in certain cases
direct writer
salaried employee that works for only one company
report to principal
the adjuster must give the principal detailed information on how each claim is going.
wrongful death act
protects parties associated with a death caused by negligence
workers compensation laws
keeps employees from suing their employers for injuries.
apparent authority
the authority granted when the insurer does not stop the agent from acting in a certain way, even
when those actions do not adhere to the authority granted in the contract.
adjusting
The process of comparing a claimant's losses to the promises made in an insurance policy
independent agent
agent that is self employed; sells insurance from many insurers
claimant
person or entity that requests indemnification for losses under the terms of an insurance policy
, final
adjuster reports: full details of claim investigation, evidence loss totals, and final claim resolution
agent
receives authority to act on behalf of another party
implied authority
authority that is reasonable for public to believe, not expressly granted in writting.
preliminary
adjuster reports: initial investigation results, timeline of claim, initial claim reserve
general agent
agent that trains and supervises exclusive agents for an insurer
fiduciary agent
the adjusters act on behalf of principal and must protect the principals interest
express authority
authority given in writing within the agents contract
general damages
Money awarded for intangible, emotional damages decided by court
interim
adjuster reports: update on progress of claim due at set intervals
exclusive agent
commissioned agent that offers products from only one insurer
adjuster
Person who investigates, evaluates, and negotiates claims arising under insurance contracts
breach of product warranty
Questions with 100% Correct Answers
statute of limitations
a plaintiff has a limited time to file a complaint after an occurence
waiver of sovereign
individuals may sue government entities in certain cases
direct writer
salaried employee that works for only one company
report to principal
the adjuster must give the principal detailed information on how each claim is going.
wrongful death act
protects parties associated with a death caused by negligence
workers compensation laws
keeps employees from suing their employers for injuries.
apparent authority
the authority granted when the insurer does not stop the agent from acting in a certain way, even
when those actions do not adhere to the authority granted in the contract.
adjusting
The process of comparing a claimant's losses to the promises made in an insurance policy
independent agent
agent that is self employed; sells insurance from many insurers
claimant
person or entity that requests indemnification for losses under the terms of an insurance policy
, final
adjuster reports: full details of claim investigation, evidence loss totals, and final claim resolution
agent
receives authority to act on behalf of another party
implied authority
authority that is reasonable for public to believe, not expressly granted in writting.
preliminary
adjuster reports: initial investigation results, timeline of claim, initial claim reserve
general agent
agent that trains and supervises exclusive agents for an insurer
fiduciary agent
the adjusters act on behalf of principal and must protect the principals interest
express authority
authority given in writing within the agents contract
general damages
Money awarded for intangible, emotional damages decided by court
interim
adjuster reports: update on progress of claim due at set intervals
exclusive agent
commissioned agent that offers products from only one insurer
adjuster
Person who investigates, evaluates, and negotiates claims arising under insurance contracts
breach of product warranty
