Florida 6-20 All Lines Adjuster Test
_______ limit an insurer's liability.
A. Provisions
B. Reinstatements
C. Exclusions
D. None of the above - answer-C. Exclusions
:All of the following events are considered acts of terrorism, except:
A. Acts of riot and civil commotion
B. Acts considered dangerous to human life, property or infrastructure.
C. Acts resulting in damage within or outside the United States.
D. Acts committed at the premises of any United States mission. - answer-A. Acts of
riot and civil commotion
2. Damage to a windshield by a bird would be covered under:
A. Collision
B. Comprehensive
C. Liability
D. All of the above. - answer-B. Comprehensive
2. In Ocean Marine Insurance, the term "average" means:
A. The ACV of the ship
B. The annual premium for the insurance policy
C. Loss or damage
D. That coverage is written on a named peril basis - answer-C. Loss or damage
4. Volcanic action is covered under which of the following Cause of Loss forms?
A. None
B. Basic
C. Broad only
D. Both Basic and Broad - answer-D. Both Basic and Broad
A ______ health policy affords the greatest degree of continued protection to an
insured.
A. Guaranteed renewable
B. Non-cancellable
C. Optionally renewable
D. Conditionally renewable - answer-B. Non-cancellable
A building valued at $100,000 was insured for $80,000 with a policy containing 80%
Coinsurance clause. Disregarding any deductibles, what would the company pay on a
,$20,000 loss?
A. $7,500
B. $5,000
C. $15,000
D. $20,000 - answer-D. $20,000
A car, traveling at high speed, skids at a turn and rolls over. The damage incurred
would be
covered under which of the following personal auto coverages?
A. Collision
B. Comprehensive
C. Uninsured motorist
D. P.D. liability - answer-A. Collision
A church has hired a painting contractor to stain and varnish the woodwork in the
building.
He leaves the rags and brushes used to apply the painting materials in a small storage
area.
This is an example of:
A. A peril
B. A hazard
C. Assumption of risk
D. Direct loss - answer-B. A hazard
A company adjuster primarily represents the interests of:
A. The insured.
B. The claimant.
C. The insurer.
D. The public. - answer-C. The insurer.
A condominium owner-occupant would be in the market for a:
A. HO-2.
B. HO-3.
C. HO-4.
D. HO-6. - answer-D. HO-6.
A contractor has borrowed funds from a bank in order to finance a construction project.
A Surety bond which guarantees the lender that the contractor will use the borrowed
funds
to finish the contract free and clear of liens is known as:
A. A Performance bond
B. Bid bond.
C. Completion bond
D. Labor and materials bond - answer-C. Completion bond
A deductible that is commonly used in aircraft physical damage insurance is usually:
,A. A percentage of the value
B. A flat deductible
C. A disappearing deductible
D. A franchise deductible - answer-A. A percentage of the value
A deer crashes into the side of the insured's car. Which of the following PAP coverages
would cover this damage?
A. Property damage liability.
B. Collision.
C. Uninsured motorist property damage.
D. Comprehensive. - answer-D. Comprehensive.
A homeowner has a fire that totally destroys a $200 typewriter before the fire is
extinguished. If the fire coverage on contents contains a $250 deductible, the insured
will
receive:
A. $200
B. $50
C. $250
D. $ 0 - answer-D. $ 0
A Homeowner Policy can be purchased by:
A. A person buying a home under the installment plan.
B. An individual who owns a home under the course of construction.
C. The owner of a seasonal dwelling who is insured under a Homeowner Policy for her
primary dwelling.
D. All of the above. - answer-D. All of the above.
A Homeowner Policy may be cancelled by the insured:
A. For any reason.
B. At any time.
C. Both A and B.
D. Neither A nor B. - answer-C. Both A and B.
A loss that is a direct consequence of a particular peril is called a(n):
A. Indirect loss.
B. Peril.
C. Hazard.
D. Direct loss. - answer-D. Direct loss
A person sustains $4,000 in medical expenses and $5,000 for lost wages under PIP.
This person dies as a result of his injuries. How much death benefit would be paid?
A. $10,000
B. $5,000
C. $1,000
D. $2,500 - answer-C. $1,000
, A prospective insured wishes to protect her firm against criminals taking money from a
messenger going from the firm to a bank. In this situation, the prospect should
purchase
coverage for:
A. Fidelity
B. Robbery
C. Assault
D. Burglary - answer-B. Robbery
A public adjuster represents the interest of:
A. The insurer
B. The Insured
C. The employer
D. The interest of the general public - answer-B. The insured
A steam boiler has been inspected and found to be in serious need of repairs. The
inspector
"red tags" the item. This means:
A. A 30 day grace period is provided until repairs are made after the coverage is
suspended
B. Coverage is suspended until repairs are made
C. The entire facility must be shut down until repairs are made
D. The company will cancel the entire insurance applicable to all property insured -
answer-B. Coverage is suspended until repairs are made
A stolen car is covered under which of the following personal auto coverages?
A. Collision
B. Comprehensive
C. Uninsured motorist
D. P.D. liability - answer-B. Comprehensive
A water pipe has burst and the insured has suffered floor and ceiling damage in his
two-story
home. He is covered under a DP-2 form with dwelling and contents coverage. The
building
codes now require that special piping installation is needed at an additional cost of
$500
over and above the normal cost to repair. His dwelling limit is $100,000. What will the
policy pay if the normal cost to repair is $400?
A. The policy will pay a total of $400.
B. The policy will pay a total of $900
C. The policy will pay $500.
D. The policy will pay $700. - answer-B. The policy will pay a total of $900
_______ limit an insurer's liability.
A. Provisions
B. Reinstatements
C. Exclusions
D. None of the above - answer-C. Exclusions
:All of the following events are considered acts of terrorism, except:
A. Acts of riot and civil commotion
B. Acts considered dangerous to human life, property or infrastructure.
C. Acts resulting in damage within or outside the United States.
D. Acts committed at the premises of any United States mission. - answer-A. Acts of
riot and civil commotion
2. Damage to a windshield by a bird would be covered under:
A. Collision
B. Comprehensive
C. Liability
D. All of the above. - answer-B. Comprehensive
2. In Ocean Marine Insurance, the term "average" means:
A. The ACV of the ship
B. The annual premium for the insurance policy
C. Loss or damage
D. That coverage is written on a named peril basis - answer-C. Loss or damage
4. Volcanic action is covered under which of the following Cause of Loss forms?
A. None
B. Basic
C. Broad only
D. Both Basic and Broad - answer-D. Both Basic and Broad
A ______ health policy affords the greatest degree of continued protection to an
insured.
A. Guaranteed renewable
B. Non-cancellable
C. Optionally renewable
D. Conditionally renewable - answer-B. Non-cancellable
A building valued at $100,000 was insured for $80,000 with a policy containing 80%
Coinsurance clause. Disregarding any deductibles, what would the company pay on a
,$20,000 loss?
A. $7,500
B. $5,000
C. $15,000
D. $20,000 - answer-D. $20,000
A car, traveling at high speed, skids at a turn and rolls over. The damage incurred
would be
covered under which of the following personal auto coverages?
A. Collision
B. Comprehensive
C. Uninsured motorist
D. P.D. liability - answer-A. Collision
A church has hired a painting contractor to stain and varnish the woodwork in the
building.
He leaves the rags and brushes used to apply the painting materials in a small storage
area.
This is an example of:
A. A peril
B. A hazard
C. Assumption of risk
D. Direct loss - answer-B. A hazard
A company adjuster primarily represents the interests of:
A. The insured.
B. The claimant.
C. The insurer.
D. The public. - answer-C. The insurer.
A condominium owner-occupant would be in the market for a:
A. HO-2.
B. HO-3.
C. HO-4.
D. HO-6. - answer-D. HO-6.
A contractor has borrowed funds from a bank in order to finance a construction project.
A Surety bond which guarantees the lender that the contractor will use the borrowed
funds
to finish the contract free and clear of liens is known as:
A. A Performance bond
B. Bid bond.
C. Completion bond
D. Labor and materials bond - answer-C. Completion bond
A deductible that is commonly used in aircraft physical damage insurance is usually:
,A. A percentage of the value
B. A flat deductible
C. A disappearing deductible
D. A franchise deductible - answer-A. A percentage of the value
A deer crashes into the side of the insured's car. Which of the following PAP coverages
would cover this damage?
A. Property damage liability.
B. Collision.
C. Uninsured motorist property damage.
D. Comprehensive. - answer-D. Comprehensive.
A homeowner has a fire that totally destroys a $200 typewriter before the fire is
extinguished. If the fire coverage on contents contains a $250 deductible, the insured
will
receive:
A. $200
B. $50
C. $250
D. $ 0 - answer-D. $ 0
A Homeowner Policy can be purchased by:
A. A person buying a home under the installment plan.
B. An individual who owns a home under the course of construction.
C. The owner of a seasonal dwelling who is insured under a Homeowner Policy for her
primary dwelling.
D. All of the above. - answer-D. All of the above.
A Homeowner Policy may be cancelled by the insured:
A. For any reason.
B. At any time.
C. Both A and B.
D. Neither A nor B. - answer-C. Both A and B.
A loss that is a direct consequence of a particular peril is called a(n):
A. Indirect loss.
B. Peril.
C. Hazard.
D. Direct loss. - answer-D. Direct loss
A person sustains $4,000 in medical expenses and $5,000 for lost wages under PIP.
This person dies as a result of his injuries. How much death benefit would be paid?
A. $10,000
B. $5,000
C. $1,000
D. $2,500 - answer-C. $1,000
, A prospective insured wishes to protect her firm against criminals taking money from a
messenger going from the firm to a bank. In this situation, the prospect should
purchase
coverage for:
A. Fidelity
B. Robbery
C. Assault
D. Burglary - answer-B. Robbery
A public adjuster represents the interest of:
A. The insurer
B. The Insured
C. The employer
D. The interest of the general public - answer-B. The insured
A steam boiler has been inspected and found to be in serious need of repairs. The
inspector
"red tags" the item. This means:
A. A 30 day grace period is provided until repairs are made after the coverage is
suspended
B. Coverage is suspended until repairs are made
C. The entire facility must be shut down until repairs are made
D. The company will cancel the entire insurance applicable to all property insured -
answer-B. Coverage is suspended until repairs are made
A stolen car is covered under which of the following personal auto coverages?
A. Collision
B. Comprehensive
C. Uninsured motorist
D. P.D. liability - answer-B. Comprehensive
A water pipe has burst and the insured has suffered floor and ceiling damage in his
two-story
home. He is covered under a DP-2 form with dwelling and contents coverage. The
building
codes now require that special piping installation is needed at an additional cost of
$500
over and above the normal cost to repair. His dwelling limit is $100,000. What will the
policy pay if the normal cost to repair is $400?
A. The policy will pay a total of $400.
B. The policy will pay a total of $900
C. The policy will pay $500.
D. The policy will pay $700. - answer-B. The policy will pay a total of $900
