Florida Public Adjuster Exam Questions
with Verified Answers
indemnity - ✔✔the principle that suggests that one not profit from an insurance policy
Adhesion - ✔✔The principle of insurance contract law that provides that all ambiguities or
vagueness that arise in the interpretation of an insurance contract are resolved in favor of the
insured policyholder
The adjuster should not represent any interests that are adverse to those of the client, insurer
or agent. - ✔✔An adjuster has fiduciary responsibilities to the client, insurer or agent, and
those fiduciary responsibilities take many forms. Which of the following is NOT
reflective of a fiduciary responsibility?
A. The adjuster should limit the liability of the insured by not
volunteering coverage information to the insured or adverse party.
B. The adjuster should not deal in any way with the principal's
property with motives of self interest.
C. The adjuster should not profit from any outside source as a
consequence of action(s) taken on behslf of the insurer.
D. The adjuster should not represent any interests that are adverse to
those of the client, insurer or agent.
total UM coverage would be 600k - ✔✔BAP policy of 100/300, stacked policy with 6 vehicles.
How much coverage for UM?
Purchasing UM on a stacked basis for non-owned autos - ✔✔An insured who has uninsured
motorist coverage does NOT have
which one of the following options:
, A. Purchasing UM on a non-stacked basis.
B. Purchasing UM on a stacked basis for non-owned autos
C. Purchasing UM for less than the BI limits.
D. Rejecting UM
Bodily injury caused by a hit-and-run auto. - ✔✔For which of the following would Uninsured
motorist (UM)
coverage provide payment?
A. Physical damage caused by a hit-and-run auto.
B. Physical damage caused by an upset of the insured
auto.
C. Bodily injury caused by upset of the insured auto.
D. Bodily injury caused by a hit-and-run auto.
Trailer Interchange Coverage - ✔✔Coverage for a motor carrier's liability for damage to trailers
in its possession under a written trailer interchange agreement.
False Pretense Coverage - ✔✔Covers the loss of cars when people steal them through a trick or
scheme
Limit of $5,000 - ✔✔Medical payments coverage on a CGL policy is subject to a "per-person"
limit of:
Owners and Contractors Protective Liability - ✔✔Part of a commercial general liability policy
that protects an owner or general contractor against liability arising out of the acts of
contractors or subcontractors. It is also known as "independent contractors liability" coverage.
Self-Insured Retention - ✔✔An amount that is deducted (DEDUCTABLE) from claims that are
payable under an umbrella liability policy and that are not covered at all by any primary policy.
with Verified Answers
indemnity - ✔✔the principle that suggests that one not profit from an insurance policy
Adhesion - ✔✔The principle of insurance contract law that provides that all ambiguities or
vagueness that arise in the interpretation of an insurance contract are resolved in favor of the
insured policyholder
The adjuster should not represent any interests that are adverse to those of the client, insurer
or agent. - ✔✔An adjuster has fiduciary responsibilities to the client, insurer or agent, and
those fiduciary responsibilities take many forms. Which of the following is NOT
reflective of a fiduciary responsibility?
A. The adjuster should limit the liability of the insured by not
volunteering coverage information to the insured or adverse party.
B. The adjuster should not deal in any way with the principal's
property with motives of self interest.
C. The adjuster should not profit from any outside source as a
consequence of action(s) taken on behslf of the insurer.
D. The adjuster should not represent any interests that are adverse to
those of the client, insurer or agent.
total UM coverage would be 600k - ✔✔BAP policy of 100/300, stacked policy with 6 vehicles.
How much coverage for UM?
Purchasing UM on a stacked basis for non-owned autos - ✔✔An insured who has uninsured
motorist coverage does NOT have
which one of the following options:
, A. Purchasing UM on a non-stacked basis.
B. Purchasing UM on a stacked basis for non-owned autos
C. Purchasing UM for less than the BI limits.
D. Rejecting UM
Bodily injury caused by a hit-and-run auto. - ✔✔For which of the following would Uninsured
motorist (UM)
coverage provide payment?
A. Physical damage caused by a hit-and-run auto.
B. Physical damage caused by an upset of the insured
auto.
C. Bodily injury caused by upset of the insured auto.
D. Bodily injury caused by a hit-and-run auto.
Trailer Interchange Coverage - ✔✔Coverage for a motor carrier's liability for damage to trailers
in its possession under a written trailer interchange agreement.
False Pretense Coverage - ✔✔Covers the loss of cars when people steal them through a trick or
scheme
Limit of $5,000 - ✔✔Medical payments coverage on a CGL policy is subject to a "per-person"
limit of:
Owners and Contractors Protective Liability - ✔✔Part of a commercial general liability policy
that protects an owner or general contractor against liability arising out of the acts of
contractors or subcontractors. It is also known as "independent contractors liability" coverage.
Self-Insured Retention - ✔✔An amount that is deducted (DEDUCTABLE) from claims that are
payable under an umbrella liability policy and that are not covered at all by any primary policy.
