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FLORIDA 3-20 PUBLIC ADJUSTERS
STATE EXAM (SET 1) 2025 UPDATED
ACTUAL EXAM WITH CORRECT
SOLUTIONS.
The insurer and insured agree to a specific value of insured
item - correct answer- Agreed Value Policies
Someone who has care, custody or control of another's
property - correct answer- Bailee
Claim filed by policy holder against his _ - correct answer- First
Party Claim
When a person 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 -
correct answer- Negligent Entrustment
Hazard that results from a conscious decision made by an
insured to participate in a manner or behavior more likely to
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result in a loss because they have insurance - correct answer-
Moral Hazard
Used to provide temporary insurance coverage until an
insurance policy can be written - correct answer- Binder
Required by lenders to guarantee that outstanding loans
against a job are paid upon completion - correct answer-
Completion Bonds
The section of an insurance policy identifying the insured,
endorsements, coverages, limits, and premiums - correct
answer- Declarations
Policyholder cannot transfer the policy to someone else without
written permission from their insurance company - correct
answer- Assignment
An instance, behavior or environment that increases the
likelihood of a loss on an insured item - correct answer- Hazard
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Actual cause or source of an incidence of destruction, injury, or
loss - correct answer- Peril
An insurance company organized and domiciled outside the US
- correct answer- Alien
When there is an unbroken chain of events between an
occurrence and a loss, then the loss is part of the original
occurrence - correct answer- Proximate Cause
Is proximate cause of all subsequent damages - correct
answer- Original Occurance
An individual who contracts with an adjusting firm as an
independent contractor and handles claims for the insurance
companies - correct answer- Independent Adjuster
Action or practice of the insured party is permitted to continue
because any defense against a continuation of said action or
practice has been waived by the insurer - correct answer-
Estoppel
FLORIDA 3-20 PUBLIC ADJUSTERS
STATE EXAM (SET 1) 2025 UPDATED
ACTUAL EXAM WITH CORRECT
SOLUTIONS.
The insurer and insured agree to a specific value of insured
item - correct answer- Agreed Value Policies
Someone who has care, custody or control of another's
property - correct answer- Bailee
Claim filed by policy holder against his _ - correct answer- First
Party Claim
When a person 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 -
correct answer- Negligent Entrustment
Hazard that results from a conscious decision made by an
insured to participate in a manner or behavior more likely to
,2 | Page
result in a loss because they have insurance - correct answer-
Moral Hazard
Used to provide temporary insurance coverage until an
insurance policy can be written - correct answer- Binder
Required by lenders to guarantee that outstanding loans
against a job are paid upon completion - correct answer-
Completion Bonds
The section of an insurance policy identifying the insured,
endorsements, coverages, limits, and premiums - correct
answer- Declarations
Policyholder cannot transfer the policy to someone else without
written permission from their insurance company - correct
answer- Assignment
An instance, behavior or environment that increases the
likelihood of a loss on an insured item - correct answer- Hazard
, 3 | Page
Actual cause or source of an incidence of destruction, injury, or
loss - correct answer- Peril
An insurance company organized and domiciled outside the US
- correct answer- Alien
When there is an unbroken chain of events between an
occurrence and a loss, then the loss is part of the original
occurrence - correct answer- Proximate Cause
Is proximate cause of all subsequent damages - correct
answer- Original Occurance
An individual who contracts with an adjusting firm as an
independent contractor and handles claims for the insurance
companies - correct answer- Independent Adjuster
Action or practice of the insured party is permitted to continue
because any defense against a continuation of said action or
practice has been waived by the insurer - correct answer-
Estoppel
