Florida Claims Adjuster Final Exam
Questions and Answers Latest Version
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Frank owned a home that was destroyed by a hurricane. Both ABC
and XYZ Banks were listed as additional interests on his homeowner
policy. The insurance company will make a payment to:
A. The first mortgagee, ABC
B. The Insured
C. Jointly to ABC and XYZ
D. All listed interests
D. All listed interests
Remember that the insurer is not responsible to know the degrees of
interest. In the event of a loss, one payment is made by the insurer and it is
up to the additional interests on working out their share.
Insurance applies separately to each insured as if other insureds did
not exist. This is defined as:
A. Severability
B. Conditional
C. Warranty
D. None of the above
A. Severability
Property insurance policies usually contain a(n) __________ clause,
stating the insured cannot dump damaged property on the insurer
and demand its full value:
A. Pro Rata
B. Abandonment
C. Liberalization
D. All of the above
B. Abandonment
A(n) __________ is one wherein economic loss would be suffered
from an adverse happening to the subject:
A. Conditional Contract
B. Personal Contract
,C. Economic Contract
D. Insurable Interest
D. Insurable Interest
States that if the insurer adopts a revision which would broaden
coverage without additional premium within some period of time prior
to the policy period or during the policy period, the insured receives
the benefit of such broadened coverage.
A. Cancellation Clause
B. Policy Period
C. Pro Rata
D. Liberalization
D. Liberalization
The time frame is typically 60 days.
The __________ states that when there is an unbroken connection
between an occurrence and damage that grows out of the occurrence,
then the resultant damage is all a part of the occurrence.
A. Doctrine of Proximate Cause
B. Doctrine of Perils & Hazards
C. Insurance Policy Handbook
D. Doctrine of Property Insurance
A. Doctrine of Proximate Cause
For example, if a property insurance policy covers the peril of fire but
further damage is caused by smoke, water used to extinguish, and the
process of moving property away - fire is considered to be the proximate
cause of all of the damage.
The Loss Settlement Valuation that subtracts an allowance for
depreciation is defined as?
A. Actual Cash Value
B. Replacement Cost
C. "Old for New"
D. None of the Above
A. Actual Cash Value
A policy condition, either based on information in the insured's
application or inserted by the insurer, is defined as:
A. Warranty
B. Misrepresentation
,C. Concealment
D. None of the Above
A. Warranty
The following are basic characteristics of a property or liability
insurance contract, except:
A. Personal Contract
B. Conditional Contract
C. Loss of Settlement Contract
D. Contract of Adhesion
C. Loss of Settlement Contract
The Insurer's responsibility to pay for a property loss may be
conditioned on the insured having used reasonable means to avoid
the loss, to protect the property against further loss, and to give the
insurer proof of the loss is defined as?
A. Conditional Contract
B. Adhesion Contract
C. Indemnity Contract
D. All of the Above
A. Conditional Contract
"may be conditioned"
Which of the following is not one of the "Thresholds" in the "No-
Fault" law?
A. Death of the Insured
B. Temporary Injury of the Insured
C. A permanent loss of a bodily function
D. Permanent scarring on the face of the insured
B. Temporary Injury of the Insured
Also included: permanent injury other than scarring and disfigurement
Under Mechanical Breakdown Coverage, new cars are eligible for
service up to:
A. 36 Months/36,000 Miles
B. 24 Months/36,000 Miles
C. 12,000 Months/12,000 Miles
D. 12 Months/36,000 Miles
A. 36 Months/36,000 Miles
Used vehicles: 12 Months/12,000 Miles
, If financial responsibility doesn't exist at the time of an accident,
which of the following things must happen to avoid penalties?
A. The legally valid claims of others must be satisfied (up to 10/20/10)
B. The owner and operator must provide certification of future
responsibility for future accidents
C. Both A & B
D. None of the Above
C. Both A & B
As to required proof for future accidents by purchase of auto liability
insurance, the insurer must make a filing (Form SR-22) certifying that
coverage is in effect, and this certification must remain on file for
__________ years:
A. 1
B. 3
C. 4
D. 2
B. 3
The Business Automobile Policy includes all of the following
coverage forms except:
A. The Garage Coverage Form
B. The Trailer Interchange Coverage Form
C. The Truckers Coverage Form
D. The Business Auto Coverage Form
B. The Trailer Interchange Coverage Form
Personal Injury Protection, or PIP, has a __________ per person, per
accident limit.
A. 10,000
B. 20,000
C. 1,000
D. Depends on the damaged property
A. 10,000
Used to insure businesses engaged in selling, servicing, repairing,
parking or storing automobiles:
A. Servicing Coverage Form
B. Garage Coverage Form
C. Truckers Coverage Form
D. None of the Above
Questions and Answers Latest Version
Top Rated
Frank owned a home that was destroyed by a hurricane. Both ABC
and XYZ Banks were listed as additional interests on his homeowner
policy. The insurance company will make a payment to:
A. The first mortgagee, ABC
B. The Insured
C. Jointly to ABC and XYZ
D. All listed interests
D. All listed interests
Remember that the insurer is not responsible to know the degrees of
interest. In the event of a loss, one payment is made by the insurer and it is
up to the additional interests on working out their share.
Insurance applies separately to each insured as if other insureds did
not exist. This is defined as:
A. Severability
B. Conditional
C. Warranty
D. None of the above
A. Severability
Property insurance policies usually contain a(n) __________ clause,
stating the insured cannot dump damaged property on the insurer
and demand its full value:
A. Pro Rata
B. Abandonment
C. Liberalization
D. All of the above
B. Abandonment
A(n) __________ is one wherein economic loss would be suffered
from an adverse happening to the subject:
A. Conditional Contract
B. Personal Contract
,C. Economic Contract
D. Insurable Interest
D. Insurable Interest
States that if the insurer adopts a revision which would broaden
coverage without additional premium within some period of time prior
to the policy period or during the policy period, the insured receives
the benefit of such broadened coverage.
A. Cancellation Clause
B. Policy Period
C. Pro Rata
D. Liberalization
D. Liberalization
The time frame is typically 60 days.
The __________ states that when there is an unbroken connection
between an occurrence and damage that grows out of the occurrence,
then the resultant damage is all a part of the occurrence.
A. Doctrine of Proximate Cause
B. Doctrine of Perils & Hazards
C. Insurance Policy Handbook
D. Doctrine of Property Insurance
A. Doctrine of Proximate Cause
For example, if a property insurance policy covers the peril of fire but
further damage is caused by smoke, water used to extinguish, and the
process of moving property away - fire is considered to be the proximate
cause of all of the damage.
The Loss Settlement Valuation that subtracts an allowance for
depreciation is defined as?
A. Actual Cash Value
B. Replacement Cost
C. "Old for New"
D. None of the Above
A. Actual Cash Value
A policy condition, either based on information in the insured's
application or inserted by the insurer, is defined as:
A. Warranty
B. Misrepresentation
,C. Concealment
D. None of the Above
A. Warranty
The following are basic characteristics of a property or liability
insurance contract, except:
A. Personal Contract
B. Conditional Contract
C. Loss of Settlement Contract
D. Contract of Adhesion
C. Loss of Settlement Contract
The Insurer's responsibility to pay for a property loss may be
conditioned on the insured having used reasonable means to avoid
the loss, to protect the property against further loss, and to give the
insurer proof of the loss is defined as?
A. Conditional Contract
B. Adhesion Contract
C. Indemnity Contract
D. All of the Above
A. Conditional Contract
"may be conditioned"
Which of the following is not one of the "Thresholds" in the "No-
Fault" law?
A. Death of the Insured
B. Temporary Injury of the Insured
C. A permanent loss of a bodily function
D. Permanent scarring on the face of the insured
B. Temporary Injury of the Insured
Also included: permanent injury other than scarring and disfigurement
Under Mechanical Breakdown Coverage, new cars are eligible for
service up to:
A. 36 Months/36,000 Miles
B. 24 Months/36,000 Miles
C. 12,000 Months/12,000 Miles
D. 12 Months/36,000 Miles
A. 36 Months/36,000 Miles
Used vehicles: 12 Months/12,000 Miles
, If financial responsibility doesn't exist at the time of an accident,
which of the following things must happen to avoid penalties?
A. The legally valid claims of others must be satisfied (up to 10/20/10)
B. The owner and operator must provide certification of future
responsibility for future accidents
C. Both A & B
D. None of the Above
C. Both A & B
As to required proof for future accidents by purchase of auto liability
insurance, the insurer must make a filing (Form SR-22) certifying that
coverage is in effect, and this certification must remain on file for
__________ years:
A. 1
B. 3
C. 4
D. 2
B. 3
The Business Automobile Policy includes all of the following
coverage forms except:
A. The Garage Coverage Form
B. The Trailer Interchange Coverage Form
C. The Truckers Coverage Form
D. The Business Auto Coverage Form
B. The Trailer Interchange Coverage Form
Personal Injury Protection, or PIP, has a __________ per person, per
accident limit.
A. 10,000
B. 20,000
C. 1,000
D. Depends on the damaged property
A. 10,000
Used to insure businesses engaged in selling, servicing, repairing,
parking or storing automobiles:
A. Servicing Coverage Form
B. Garage Coverage Form
C. Truckers Coverage Form
D. None of the Above
