Florida 3-20 Public Adjuster EXAM 2026-2027
LATEST VERSION QUESTIONS AND VERIFIED
CORRECT ANSWERS JUST RELEASED
What is the standard limit of Homeowner's Coverage D for: HO-2, HO-3 &
HO-5? - answer>>>30% of Coverage A
When might "Loss Settlement" cover buildings under Coverages A & B to Full
Replacement Cost? - answer>>>If the limit of Insurance at the time of Loss is
equal to 80% or more of the replacement value of the building.
Statute that requires that when Property is Insured for replacement cost is
deemed a total loss, the full replacement cost without reservation or
holdback of depreciation must be paid. - answer>>>627.7011
Four Additional Homeowners Coverages - answer>>>1. Claims Expense
2. First Aid Expenses
3. Damage to Property of Others
4. Loss Assessment
Does Hurricane Coverage Occur on a Per Occurrence or an Annual Basis -
answer>>>An annual basis
What if there is more than one applicable deductible? - answer>>>Only the
highest deductible applies.
What must the Insured do if they wish to completely reject Windstorm
Coverage? - answer>>>Hand write "I DO NOT WANT THE INSURANCE ON MY
(HOME/MOBILE HOME/CONDOMINIUM UNIT) TO PAY FOR DAMAGE FROM
,-
WINDSTORMS OR HURRICANES. I WILL PAY THOSE COSTS. MY INSURANCE
WILL NOT."
How much notice must the insurer give the insured of non-renewal of a
homeowner's Policy? - answer>>>120 Days
4 Elements of a Valid Contract? - answer>>>1.A manifestation of assent to its
terms by parties who make the contract.
2.A sufficient consideration (value or payment) for each promise.
3.Legal Capacity of the parties to contract.
4.Legal Subject matter.
Valued Policy Law - answer>>>requires payment of the face amount of
insurance to the insured if a total loss to real property occurs from a peril
specified in the law
Beginning statement of a liability insurance policy - answer>>>Insurer agrees
"to pay on behalf of the insured all sums the insured becomes legally
obligated to pay as damages" or equivalent wording.
Coinsurance - answer>>>A policy for less than the entire value of the insured
property and cover pro-rata whether or not other insurance exists. 80%
actually means (pro-rata share)/80%
Three Ways in which the limits to a liability insurance policy Insuring
Agreement can be expressed? - answer>>>1.single limit
2.split limit
, 3.Aggregate limit
2 Types of Tort Liability - answer>>>1.Negligent Liability(Unintentional)
2.Strict Liability(Intentional)
What is the difference between Common Law and Statute Law? -
answer>>>Common Law is based on stare decisis, whereas statutory law is
explicit with a statute number.
What are the two broad classifications of damages that a plaintiff can seek in
an action for money damages? - answer>>>1.Compensatory
2.Punitive
Two main defenses against Negligence - answer>>>1. Assumption of Risk
2.Comparative Negligence
Why is it common to have the attorney's name on the settlement draft? -
answer>>>Because should the insurer pay over the money solely to the
claimant, the attorney may sue the company for the fee
Contracts wherein the parties are of unequal bargaining power are called? -
answer>>>Contracts of Adhesion
What is the rule of law's attempt to counter balance a contract of Adhesion?
- answer>>>To have any ambiguities resolved in favor of the insured.
Two types of Waivers - answer>>>1.Explicit
2.Implied
LATEST VERSION QUESTIONS AND VERIFIED
CORRECT ANSWERS JUST RELEASED
What is the standard limit of Homeowner's Coverage D for: HO-2, HO-3 &
HO-5? - answer>>>30% of Coverage A
When might "Loss Settlement" cover buildings under Coverages A & B to Full
Replacement Cost? - answer>>>If the limit of Insurance at the time of Loss is
equal to 80% or more of the replacement value of the building.
Statute that requires that when Property is Insured for replacement cost is
deemed a total loss, the full replacement cost without reservation or
holdback of depreciation must be paid. - answer>>>627.7011
Four Additional Homeowners Coverages - answer>>>1. Claims Expense
2. First Aid Expenses
3. Damage to Property of Others
4. Loss Assessment
Does Hurricane Coverage Occur on a Per Occurrence or an Annual Basis -
answer>>>An annual basis
What if there is more than one applicable deductible? - answer>>>Only the
highest deductible applies.
What must the Insured do if they wish to completely reject Windstorm
Coverage? - answer>>>Hand write "I DO NOT WANT THE INSURANCE ON MY
(HOME/MOBILE HOME/CONDOMINIUM UNIT) TO PAY FOR DAMAGE FROM
,-
WINDSTORMS OR HURRICANES. I WILL PAY THOSE COSTS. MY INSURANCE
WILL NOT."
How much notice must the insurer give the insured of non-renewal of a
homeowner's Policy? - answer>>>120 Days
4 Elements of a Valid Contract? - answer>>>1.A manifestation of assent to its
terms by parties who make the contract.
2.A sufficient consideration (value or payment) for each promise.
3.Legal Capacity of the parties to contract.
4.Legal Subject matter.
Valued Policy Law - answer>>>requires payment of the face amount of
insurance to the insured if a total loss to real property occurs from a peril
specified in the law
Beginning statement of a liability insurance policy - answer>>>Insurer agrees
"to pay on behalf of the insured all sums the insured becomes legally
obligated to pay as damages" or equivalent wording.
Coinsurance - answer>>>A policy for less than the entire value of the insured
property and cover pro-rata whether or not other insurance exists. 80%
actually means (pro-rata share)/80%
Three Ways in which the limits to a liability insurance policy Insuring
Agreement can be expressed? - answer>>>1.single limit
2.split limit
, 3.Aggregate limit
2 Types of Tort Liability - answer>>>1.Negligent Liability(Unintentional)
2.Strict Liability(Intentional)
What is the difference between Common Law and Statute Law? -
answer>>>Common Law is based on stare decisis, whereas statutory law is
explicit with a statute number.
What are the two broad classifications of damages that a plaintiff can seek in
an action for money damages? - answer>>>1.Compensatory
2.Punitive
Two main defenses against Negligence - answer>>>1. Assumption of Risk
2.Comparative Negligence
Why is it common to have the attorney's name on the settlement draft? -
answer>>>Because should the insurer pay over the money solely to the
claimant, the attorney may sue the company for the fee
Contracts wherein the parties are of unequal bargaining power are called? -
answer>>>Contracts of Adhesion
What is the rule of law's attempt to counter balance a contract of Adhesion?
- answer>>>To have any ambiguities resolved in favor of the insured.
Two types of Waivers - answer>>>1.Explicit
2.Implied
