FLORIDA PUBLIC ADJUSTER STATE
EXAM SET 1/ACTUAL EXAM
QUESTIONS AND CORRECT
VERIFIED ANSWERS VERSION |A
GRADED WITH EXPERT
FEEDBACK|BRAND NEW!!
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Terms in this set (140)
The insurer and Agreed Value Policies
insured agree to
a specific value
of insured item
,Someone who Bailee
has care,
custody or
control of
another's
property
Claim filed by First Party Claim
policy holder
against his _
When a person Negligent Entrustment
who entrusts
another with an
object and it
results in injury
to someone can
be held liable
for the injury to
someone. Can
be held liable
for the injury i.e.
Firearm or DWI
,Hazard that Moral Hazard
results from a
conscious
decision made
by an insured to
participate in a
manner or
behavior more
likely to result in
a loss because
they have
insurance
Used to provide Binder
temporary
insurance
coverage until
an insurance
policy can be
written
, Required by Completion Bonds
lenders to
guarantee that
outstanding
loans against a
job are paid
upon
completion
The section of Declarations
an insurance
policy
identifying the
insured,
endorsements,
coverages, limits,
and premiums
Policyholder Assignment
cannot transfer
the policy to
someone else
without written
permission from
their insurance
company
EXAM SET 1/ACTUAL EXAM
QUESTIONS AND CORRECT
VERIFIED ANSWERS VERSION |A
GRADED WITH EXPERT
FEEDBACK|BRAND NEW!!
Save
Terms in this set (140)
The insurer and Agreed Value Policies
insured agree to
a specific value
of insured item
,Someone who Bailee
has care,
custody or
control of
another's
property
Claim filed by First Party Claim
policy holder
against his _
When a person Negligent Entrustment
who entrusts
another with an
object and it
results in injury
to someone can
be held liable
for the injury to
someone. Can
be held liable
for the injury i.e.
Firearm or DWI
,Hazard that Moral Hazard
results from a
conscious
decision made
by an insured to
participate in a
manner or
behavior more
likely to result in
a loss because
they have
insurance
Used to provide Binder
temporary
insurance
coverage until
an insurance
policy can be
written
, Required by Completion Bonds
lenders to
guarantee that
outstanding
loans against a
job are paid
upon
completion
The section of Declarations
an insurance
policy
identifying the
insured,
endorsements,
coverages, limits,
and premiums
Policyholder Assignment
cannot transfer
the policy to
someone else
without written
permission from
their insurance
company
