Florida Test Study Guide - Public
Adjusting
Those who are eligible for coverage under the Florida Automobile Joint
Underwriting
Association are? correct answers Military
Personnel
A non-resident owning an automobile in
Florida
A non-resident subject to Florida no-
fault law
A forcible entry into locked premises and the carrying away of the property
of others is
definition of:a correct answers
Burglary
The inland marine coverage form that covers clothing, cameras and
other portable
property worn and carried by tourists and travelers is a: correct
answers
effects Personal
floater
A residual market to alleviate the temporary unavailability of
property insurance
coverage in significant portions of Florida (e.g. homeowners face non-
renewal or
cancellations) correct answers Residential Property & Casualty Joint
Underwriting
Association for property
owners.
What does the property insurance term "improvements and
betterment"
correct answersapply to?
Real
Property
The penalty imposed upon a Florida licensee who violates a cease and
desists
issued byorder
the CFO: correct answers
$50,000 Fine
What is amount is personal property used for business purposes, under a
policy covered up to correct answers up to $2500 on
Homeowners
premises
up to $1500 off
premises
If a replacement costs exists, but the insured has a policy for only
50% of the cost, what percentage will the insured received for the
replacement
loss? correct
answers 50% of the settlement
amount
A statement that is believed to be true when made, which my prove to be
false. correct
answers
Representation
A statement that is guaranteed to be correct: correct answers
Warranty
When can an insured cancel his/her policy? correct answers At
any time.
In Florida, how many days in advance of a premium due date must an
auto insurer
provide notice of renewal to an insured? correct answers 30 days
written notice
, What deductibles are subject to any aircraft physical damages that differ
according to surrounding a given loss? correct answers In-flight Ded
circumstances
(greatest
amoun
t)
Not-in-Motion (least
amount)
They apply independently based on the
actual loss
Uninsured Motorist's Coverage form, the insured can request: correct
answers Non-
stacked
Coverage
Stacked
Coverage
UM coverage at the limits lower than those that apply for liability
coverage
If a mortgage is acknowledged in the policy and the insured concealed the
fact that
hazard a
exists to the insurance company, would the mortgage have a right to
recover
full loan its
value? correct answers
Yes
Under Florida Comparative Negligence law how much would one be able to
recover
they if found 25% at fault? correct answers 75% (the
were
difference)
If a claimant is under the influence of drugs and/or alcohol and is found to
be 50%
more at or
fault, how much can they recover? correct
answers $0.00
A commercial property coverage part includes: correct answers
Common policy
condition
s
Commercial property
declarations
One or more causes of loss
forms
When an insurance adjuster advises an insured to misrepresent the claim by
suggesting
how to report a claim, the adjuster should be charged with: correct
answers Unfair
Claims
Act
The "outside premises" policy insuring agreement covers: correct
answersand
money Loss of
securities and other property outside the
premises.
The insurer cannot prevent a public adjuster from meeting with their client
after: correct
answers the insurer has been notified of the existence of a
contract
DP-1 is basic Dwelling Coverage. What is the only water damaged covered
under this
form? correct answers Damage caused by water used to
extinguish a fire
In Florida, any policy that contains a separate hurricane deductible
must include:
correct answers the actual dollar value, bold print and notice of high-
out-of pocket
expense to
you
Coverages included under a commercial packaged policy (CPP): correct
answers Farm
Coverag
e
Adjusting
Those who are eligible for coverage under the Florida Automobile Joint
Underwriting
Association are? correct answers Military
Personnel
A non-resident owning an automobile in
Florida
A non-resident subject to Florida no-
fault law
A forcible entry into locked premises and the carrying away of the property
of others is
definition of:a correct answers
Burglary
The inland marine coverage form that covers clothing, cameras and
other portable
property worn and carried by tourists and travelers is a: correct
answers
effects Personal
floater
A residual market to alleviate the temporary unavailability of
property insurance
coverage in significant portions of Florida (e.g. homeowners face non-
renewal or
cancellations) correct answers Residential Property & Casualty Joint
Underwriting
Association for property
owners.
What does the property insurance term "improvements and
betterment"
correct answersapply to?
Real
Property
The penalty imposed upon a Florida licensee who violates a cease and
desists
issued byorder
the CFO: correct answers
$50,000 Fine
What is amount is personal property used for business purposes, under a
policy covered up to correct answers up to $2500 on
Homeowners
premises
up to $1500 off
premises
If a replacement costs exists, but the insured has a policy for only
50% of the cost, what percentage will the insured received for the
replacement
loss? correct
answers 50% of the settlement
amount
A statement that is believed to be true when made, which my prove to be
false. correct
answers
Representation
A statement that is guaranteed to be correct: correct answers
Warranty
When can an insured cancel his/her policy? correct answers At
any time.
In Florida, how many days in advance of a premium due date must an
auto insurer
provide notice of renewal to an insured? correct answers 30 days
written notice
, What deductibles are subject to any aircraft physical damages that differ
according to surrounding a given loss? correct answers In-flight Ded
circumstances
(greatest
amoun
t)
Not-in-Motion (least
amount)
They apply independently based on the
actual loss
Uninsured Motorist's Coverage form, the insured can request: correct
answers Non-
stacked
Coverage
Stacked
Coverage
UM coverage at the limits lower than those that apply for liability
coverage
If a mortgage is acknowledged in the policy and the insured concealed the
fact that
hazard a
exists to the insurance company, would the mortgage have a right to
recover
full loan its
value? correct answers
Yes
Under Florida Comparative Negligence law how much would one be able to
recover
they if found 25% at fault? correct answers 75% (the
were
difference)
If a claimant is under the influence of drugs and/or alcohol and is found to
be 50%
more at or
fault, how much can they recover? correct
answers $0.00
A commercial property coverage part includes: correct answers
Common policy
condition
s
Commercial property
declarations
One or more causes of loss
forms
When an insurance adjuster advises an insured to misrepresent the claim by
suggesting
how to report a claim, the adjuster should be charged with: correct
answers Unfair
Claims
Act
The "outside premises" policy insuring agreement covers: correct
answersand
money Loss of
securities and other property outside the
premises.
The insurer cannot prevent a public adjuster from meeting with their client
after: correct
answers the insurer has been notified of the existence of a
contract
DP-1 is basic Dwelling Coverage. What is the only water damaged covered
under this
form? correct answers Damage caused by water used to
extinguish a fire
In Florida, any policy that contains a separate hurricane deductible
must include:
correct answers the actual dollar value, bold print and notice of high-
out-of pocket
expense to
you
Coverages included under a commercial packaged policy (CPP): correct
answers Farm
Coverag
e
