Florida All Lines Adjuster Vocab
2025/2026 Exam Questions and Correct
Answers | New Update
Abandonment Clause - 🧠 ANSWER ✔✔a clause often contained in property
insurance policies stating that the insured cannot abandon damaged
property to the insurer and demand to be reimbursed for its full value
Accident - 🧠 ANSWER ✔✔a sudden fortuitous event
Actual Cash Value (ACV) - 🧠 ANSWER ✔✔The cost to replace an item of
property at the time of loss, less an allowance for depreciation. Often used
to determine amount of reimbursement for a loss.
Accounts Recievable Coverage Form - 🧠 ANSWER ✔✔An Inland Marine
Coverage form that insures against the loss the insured suffers because of
, an inability to collect from customers when accounts receivable records are
damaged.
Adjuster - 🧠 ANSWER ✔✔an adjuster or claims representative is one who
is involved in the investigation, adjustment, negotiation and/or trial
preperationof claims arising under policies of insurance.
Adjustment - 🧠 ANSWER ✔✔the ultimate disposition of a claim
Aggregate Limit - 🧠 ANSWER ✔✔A type of policy limit found in liability
policies that limit coverage to a specified total amount for all losses
occuring within the policy period
Agreed Value - 🧠 ANSWER ✔✔Written with property insurance policies. It
waves the coinsurance clause and requires the insured to carry insurance
equal to at least 80% of a signed statement of values filed with the
company
Agreement of Guiding Principles - 🧠 ANSWER ✔✔A guide for appotioning
losses when noncurrent policy provisions apply to a single claim
All Risk Insurance - 🧠 ANSWER ✔✔Better known as 'open perils"
insurance, it protects the insured from loss arising from any peril other that
2025/2026 Exam Questions and Correct
Answers | New Update
Abandonment Clause - 🧠 ANSWER ✔✔a clause often contained in property
insurance policies stating that the insured cannot abandon damaged
property to the insurer and demand to be reimbursed for its full value
Accident - 🧠 ANSWER ✔✔a sudden fortuitous event
Actual Cash Value (ACV) - 🧠 ANSWER ✔✔The cost to replace an item of
property at the time of loss, less an allowance for depreciation. Often used
to determine amount of reimbursement for a loss.
Accounts Recievable Coverage Form - 🧠 ANSWER ✔✔An Inland Marine
Coverage form that insures against the loss the insured suffers because of
, an inability to collect from customers when accounts receivable records are
damaged.
Adjuster - 🧠 ANSWER ✔✔an adjuster or claims representative is one who
is involved in the investigation, adjustment, negotiation and/or trial
preperationof claims arising under policies of insurance.
Adjustment - 🧠 ANSWER ✔✔the ultimate disposition of a claim
Aggregate Limit - 🧠 ANSWER ✔✔A type of policy limit found in liability
policies that limit coverage to a specified total amount for all losses
occuring within the policy period
Agreed Value - 🧠 ANSWER ✔✔Written with property insurance policies. It
waves the coinsurance clause and requires the insured to carry insurance
equal to at least 80% of a signed statement of values filed with the
company
Agreement of Guiding Principles - 🧠 ANSWER ✔✔A guide for appotioning
losses when noncurrent policy provisions apply to a single claim
All Risk Insurance - 🧠 ANSWER ✔✔Better known as 'open perils"
insurance, it protects the insured from loss arising from any peril other that
