FLORIDA CERTIFIED ADJUSTER PRE-
LICENSING ACTUAL EXAM:
QUESTION AND ANSWERS UPDATED
2026 LATEST
Which of the following statements best describes a part of the
appraisal process?
A. The claimant and the insurer each select an appraiser, and
those two select an umpire.
B. All parties must agree to the final amount in order for it to
be binding.
C. A neutral third party, called the appraiser, plays an advisory
role to help the disputing parties come to a settlement.
The opposing parties submit their evidence to the appraiser,
who makes a final and binding decision. - CORRECT
ANSWER -A. The claimant and the insurer each select an
appraiser, and those two select an umpire
,Edward is a member of the Knights of Columbus, a religious
group dedicated to voluntary service to the benefit of society.
He also recently purchased a $100,000 life insurance policy
from the organization. This was possible because the Knights
of Columbus is: - CORRECT ANSWER -a fraternal benefit
society
Jason's auto policy states that the insurer may cancel coverage
if a premium is more than 30 days late. However, Jason is
currently more than 30 days late, and has been so five times in
the last year, and his insurer has done nothing about it. When
Jason gets into an accident and files a claim, which of the
following is most likely to happen? - CORRECT ANSWER
-The insurer will pay the claim because of the implied waiver
they have made by not cancelling Jason's policy the previous
times he was late with his payments
Strong winds have torn a hole in Janet's roof. On top of that,
heavy rain is expected in her area in the next few days.
Figuring it would simply be too much effort to put a tarp over
the hole in her roof, Janet elects to do nothing. The rains come
and destroy several of her possessions inside her home. Janet
,files a claim with her insurer for the losses, but it comes back
denied. This is because:
A. Homeowners insurance covers personal property at an actual
cash value, and her personal items were worth nothing after
they were destroyed.
B. Storm damage is not covered under a standard homeowner's
policy.
C. Janet failed to make a reasonable effort to protect the
property from further damages.
D. Janet's policy has coverage for wind damage, but not flood
damage. - CORRECT ANSWER -C. Janet failed to make a
reasonable effort to protect the property from further
damages.
Jared hopes to purchase a new insurance policy for his car, but
he has an extremely poor driving record. The insurance
company decides to issue Jared an insurance policy, but
charges him a premium much higher than the average driver.
, The insurance company is practicing: - CORRECT
ANSWER -risk reduction
Which of the following is NOT a characteristic of insurance
contracts? (aleatory, conditional, unilateral, universal) -
CORRECT ANSWER -universal
A few weeks ago Christopher's garage was destroyed by an
out-of-control motorist. Fortunately, the motorist had
sufficient liability insurance to cover the damages. However,
the insurer insists that Christopher's garage is worth far less
than the appraisals he has received from contractors.
Christopher and the insurer have gone back and forth in
negotiations for weeks, making little headway. Christopher
decides it's time to: - CORRECT ANSWER -issue a
complaint against the policyholder
A reciprocal insurer is: - CORRECT ANSWER -an
unincorporated organization of subscribers that operates
LICENSING ACTUAL EXAM:
QUESTION AND ANSWERS UPDATED
2026 LATEST
Which of the following statements best describes a part of the
appraisal process?
A. The claimant and the insurer each select an appraiser, and
those two select an umpire.
B. All parties must agree to the final amount in order for it to
be binding.
C. A neutral third party, called the appraiser, plays an advisory
role to help the disputing parties come to a settlement.
The opposing parties submit their evidence to the appraiser,
who makes a final and binding decision. - CORRECT
ANSWER -A. The claimant and the insurer each select an
appraiser, and those two select an umpire
,Edward is a member of the Knights of Columbus, a religious
group dedicated to voluntary service to the benefit of society.
He also recently purchased a $100,000 life insurance policy
from the organization. This was possible because the Knights
of Columbus is: - CORRECT ANSWER -a fraternal benefit
society
Jason's auto policy states that the insurer may cancel coverage
if a premium is more than 30 days late. However, Jason is
currently more than 30 days late, and has been so five times in
the last year, and his insurer has done nothing about it. When
Jason gets into an accident and files a claim, which of the
following is most likely to happen? - CORRECT ANSWER
-The insurer will pay the claim because of the implied waiver
they have made by not cancelling Jason's policy the previous
times he was late with his payments
Strong winds have torn a hole in Janet's roof. On top of that,
heavy rain is expected in her area in the next few days.
Figuring it would simply be too much effort to put a tarp over
the hole in her roof, Janet elects to do nothing. The rains come
and destroy several of her possessions inside her home. Janet
,files a claim with her insurer for the losses, but it comes back
denied. This is because:
A. Homeowners insurance covers personal property at an actual
cash value, and her personal items were worth nothing after
they were destroyed.
B. Storm damage is not covered under a standard homeowner's
policy.
C. Janet failed to make a reasonable effort to protect the
property from further damages.
D. Janet's policy has coverage for wind damage, but not flood
damage. - CORRECT ANSWER -C. Janet failed to make a
reasonable effort to protect the property from further
damages.
Jared hopes to purchase a new insurance policy for his car, but
he has an extremely poor driving record. The insurance
company decides to issue Jared an insurance policy, but
charges him a premium much higher than the average driver.
, The insurance company is practicing: - CORRECT
ANSWER -risk reduction
Which of the following is NOT a characteristic of insurance
contracts? (aleatory, conditional, unilateral, universal) -
CORRECT ANSWER -universal
A few weeks ago Christopher's garage was destroyed by an
out-of-control motorist. Fortunately, the motorist had
sufficient liability insurance to cover the damages. However,
the insurer insists that Christopher's garage is worth far less
than the appraisals he has received from contractors.
Christopher and the insurer have gone back and forth in
negotiations for weeks, making little headway. Christopher
decides it's time to: - CORRECT ANSWER -issue a
complaint against the policyholder
A reciprocal insurer is: - CORRECT ANSWER -an
unincorporated organization of subscribers that operates
