FLORIDA CERTIFIED ADJUSTER
PRACTICE EXAM ACTUAL EXAM:
QUESTION AND ANSWERS UPDATED
2026 LATEST
Kevin plays in a brass band using two rare antique Alexander
tubas. Since they are no longer produced, the value of the
tubas is difficult to determine. Which type of policy would
best indemnify Kevin in this event that his two boys were
damaged, lost, or stolen? - CORRECT ANSWER -Agreed
value policy
Jane has $150,000 homeowners policy with a 3% percentage
deductible. One night, In oven fire destroys her kitchen,
causing $50,000 in damage. How much of the damage falls
under Janes responsibility? - CORRECT ANSWER -$4,500
Xavier owns a small insurance company. Recently the
company want to bid to ensure a new housing development in
Omaha, Nebraska. His company can handle any claims that
,arise, but if a series of tornadoes were to tear through the area
and destroy the entire development, Xavier's company would
suffer financially. Which type of insure could help Xavier's
company protect itself the most from this potential loss? -
CORRECT ANSWER -A re-insurer
Which of the following situations does NOT involve an
instance of "pure risk?" - CORRECT ANSWER -
Loss of money invested in the stock market
Which of the following is an insurable risk? - CORRECT
ANSWER -A football stadium
A lightning strike causes one of those storage buildings on
John's farm to burn to the ground, added by the fuel tanks he
kept in the building. John knows he wasn't supposed to store
any fuel in the building, so he kept that piece of information to
himself when he files a claim. John's ensure made and I his
claim based on his: - CORRECT ANSWER -Concealment
,Chain shed burned to the ground during a tornado, when the
Highwinds break a wall of the shed, knocking over a lantern
inside. What is the proximate cause of the loss? - CORRECT
ANSWER -Wind
Which settlement option is most often use when the claimant
misses work because of a bodily injury, but a settlement has
not been reached? - CORRECT ANSWER -Advance
payment settlement
Adjuster Andy is trying to determine a final settlement amount
for Stacy's claim. Stacy's house was destroyed in a house fire
and it will cost $185,000 to rebuild it. Stacy's homeowner
policy has a limit of $178,000 and $1800 deductible.
Typically, how much would adjuster Andy calculate Stacy's
final settlement amount to be - CORRECT ANSWER -
$178,000
, Stephanie is in the process of addressing George's auto claim.
Currently she is interviewing Shana, who witnessed George's
accident and stopped to help. In what stage of the claim
process is Stephanie currently working? - CORRECT
ANSWER -Investigation
If a claimant has a history of similar claims, that could mean: -
CORRECT ANSWER -It is important to investigate for
fraud
If an insurer is unwilling to pay what the claimant is asking,
the adjuster must: - CORRECT ANSWER Negotiate a
settlement
An insurance adjuster acts as a fiduciary agent for her
employer. Which of the following statements is FALSE about
the adjuster's role as a fiduciary agent? - CORRECT
ANSWER -The adjuster may not give the claimant materials
showing how he came up with the settlement amount
PRACTICE EXAM ACTUAL EXAM:
QUESTION AND ANSWERS UPDATED
2026 LATEST
Kevin plays in a brass band using two rare antique Alexander
tubas. Since they are no longer produced, the value of the
tubas is difficult to determine. Which type of policy would
best indemnify Kevin in this event that his two boys were
damaged, lost, or stolen? - CORRECT ANSWER -Agreed
value policy
Jane has $150,000 homeowners policy with a 3% percentage
deductible. One night, In oven fire destroys her kitchen,
causing $50,000 in damage. How much of the damage falls
under Janes responsibility? - CORRECT ANSWER -$4,500
Xavier owns a small insurance company. Recently the
company want to bid to ensure a new housing development in
Omaha, Nebraska. His company can handle any claims that
,arise, but if a series of tornadoes were to tear through the area
and destroy the entire development, Xavier's company would
suffer financially. Which type of insure could help Xavier's
company protect itself the most from this potential loss? -
CORRECT ANSWER -A re-insurer
Which of the following situations does NOT involve an
instance of "pure risk?" - CORRECT ANSWER -
Loss of money invested in the stock market
Which of the following is an insurable risk? - CORRECT
ANSWER -A football stadium
A lightning strike causes one of those storage buildings on
John's farm to burn to the ground, added by the fuel tanks he
kept in the building. John knows he wasn't supposed to store
any fuel in the building, so he kept that piece of information to
himself when he files a claim. John's ensure made and I his
claim based on his: - CORRECT ANSWER -Concealment
,Chain shed burned to the ground during a tornado, when the
Highwinds break a wall of the shed, knocking over a lantern
inside. What is the proximate cause of the loss? - CORRECT
ANSWER -Wind
Which settlement option is most often use when the claimant
misses work because of a bodily injury, but a settlement has
not been reached? - CORRECT ANSWER -Advance
payment settlement
Adjuster Andy is trying to determine a final settlement amount
for Stacy's claim. Stacy's house was destroyed in a house fire
and it will cost $185,000 to rebuild it. Stacy's homeowner
policy has a limit of $178,000 and $1800 deductible.
Typically, how much would adjuster Andy calculate Stacy's
final settlement amount to be - CORRECT ANSWER -
$178,000
, Stephanie is in the process of addressing George's auto claim.
Currently she is interviewing Shana, who witnessed George's
accident and stopped to help. In what stage of the claim
process is Stephanie currently working? - CORRECT
ANSWER -Investigation
If a claimant has a history of similar claims, that could mean: -
CORRECT ANSWER -It is important to investigate for
fraud
If an insurer is unwilling to pay what the claimant is asking,
the adjuster must: - CORRECT ANSWER Negotiate a
settlement
An insurance adjuster acts as a fiduciary agent for her
employer. Which of the following statements is FALSE about
the adjuster's role as a fiduciary agent? - CORRECT
ANSWER -The adjuster may not give the claimant materials
showing how he came up with the settlement amount
