FL Adjuster practice test top rated question and answers graded A+.

What requirements must Wholesalers and Distributors meet in order to be eligible for a BOP? - Answer- 25% or less of floor space is available to the general public, and less than 25% of gross income may come from retail sales. The first step in the claim process is to - Answer- Determining time and cost of repairs In Florida, an insurer has ___ days to pay or deny a claim. - Answer- 90 Jerome was shopping at ABC Imports when a light fixture fell from the ceiling and hit him on the head. Jerome's injuries resulted in an extended hospital stay, so he sued ABC Imports and was awarded $400,000. Assuming ABC Imports carries a CGL with a General Aggregate of $750,000 and a per occurrence limit of $250,000, what is the maximum that ABC's insurer will pay for Jerome's injuries? - Answer- $250,000 Which of the following best describes inland marine insurance? - Answer- Insurance designed to protect property being transported on land and property related to transportation A plane was damaged while being towed by another vehicle. By policy definition, this damage is considered to have occurred while the aircraft was: - Answer- not in motion Citizens Insurance - Answer- is available to certain people who are not residents of Florida. This provision in Ocean Marine insurance obligates insurers of various interests to share the cost of losses associated with a captain's decision to voluntarily sacrifice a part of the ship or its cargo. - Answer- General Average Walter works for a shipping company, delivering packages and picking up orders. He lives very close to work and the grocery store is only a few blocks away, so he can live conveniently without owning a car. However, he would like to have some Personal Injury Protection, just in case he ever gets injured in an accident. Which BAP endorsement could his employer use to give him this coverage? - Answer- Named Individuals Broadened PIP