Exam (elaborations)
A+Claims Adjuster (Florida) Q&As 2024(100% Correct)
- Course
- Institution
A+Claims Adjuster (Florida) Q&As 2024(100% Correct)
[Show more]
Seller
Follow
denicetho
Content preview
A+Claims Adjuster (Florida) Q&As2024(100% Correct)
Frank owned a home that was destroyed by a hurricane. Both TD Bank and Bank of
America were listed as additional interests on his homeowner policy. The insurance
company will make a payment to:
A. The first mortgagee, TD Bank
B. The Insured
C. Jointly to TD Bank and Bank of America
D. All listed interests - ANS-D. All listed interests
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 - ANS-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 - ANS-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 - ANS-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 - ANS-D. Liberalization
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 - ANS-D. Doctrine of Property Insurance
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 - ANS-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 - ANS-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 - ANS-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 - ANS-A. Conditional Contract
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 - ANS-B. Temporary Injury of the
Insured
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 - ANS-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 - ANS-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 - ANS-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 - ANS-B. The Trailer Interchange Coverage Form
Personal Injury Protection, or PIP, has a __________ per person, per accident limit.
A. 10,000
B. 20,000
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller denicetho. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.57. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
83750 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now