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Florida Claims Adjuster Exam Latest Update Actual Exam with 200+ Questions and 100% Verified Correct Answers Guaranteed A+ At First Attempt Verified By Professor
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Course
Florida Claims Adjuster
Institution
Florida Claims Adjuster
Florida Claims Adjuster Exam Latest Update Actual Exam with 200+ Questions and 100% Verified Correct Answers Guaranteed A+ At First Attempt Verified By Professor
Florida Claims Adjuster Exam Latest Update
2024-2025 Actual Exam with 200+ Questions and
100% Verified Correct Answers Guaranteed A+ At
First Attempt Verified By Professor
A __________ is a selected group of hospitals and medical practitioners in a given area
who have joined together in an effort to reduce medical costs.
A. HMO
B. Major Medical Insurance
C. Coinsurance
D. PPO - CORRECT ANSWER: D. PPO
Most plans provide that emergency treatment will be paid even if treated party does not
go to service provider on approved list.
A customer representative appointed by a general lines agent or agency in transacting
only the business of private passenger motor vehicle insurance from the office of that
agent or agency is defined as:
A. Automobile Agent
B. Automobile Representative
C. Limited Customer Service Representative
D. Limited Customer Service Agent - CORRECT ANSWER: C. Limited Customer
Service Representative
A General Lines Agent instructs a licensed Customer Representative 4-40 to thoroughly
cover the details of a new life insurance product with every Homeowner customer who
calls or visits the office. The agent provides training on the new product. Although the
Customer Representative does not have a Life License, he or she feels comfortable
with the training and does as requested.
Which of the following is true?
A. This practice is acceptable if done in the office under supervision of General Lines
Agent
,B. This practice is acceptable because adequate training and product knowledge was
provided
C. This practice is unacceptable and may result in the suspension or revocation of the
Customer Representative's license
D. This practice is only acceptable if the product training was certified by the Life
Insurance Company - CORRECT ANSWER: C. This practice is unacceptable and may
result in the suspension or revocation of the Customer Representative's license
A General Lines Claim Adjuster is required to obtain the same number of Continuing
Education hours as a licensed Customer Service Representative.
A. True
B. False - CORRECT ANSWER: B. False
A lender has an insurable interest in a home and finds protection in the:
A. Loss Payee Clause
B. Mortgagee Clause
C. Lender Clause
D. Additional Insured Clause - CORRECT ANSWER: B. Mortgagee Clause
Mortgagee - Homeowner's policy
Loss Payee - Automobile policy
A licensed General Lines Claim Adjuster is required to complete how many hours of
continuing education every two years?
A. 6
B. 12
C. 18
D. 24 - CORRECT ANSWER: D. 24
A motor vehicle or mobile home which is a total loss is defined as:
A. Lost Profit
,B. Salvage
C. Salvageable
D. All of the Above - CORRECT ANSWER: B. Salvage
It cannot be restored to prior condition
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 - CORRECT ANSWER: A. Warranty
A policy may contain a provision which states a period of time between issuance and
acceptance before sickness benefits begin. This is defined as:
A. Waiting Period
B. Elimination Period
C. Both A & B
D. None of the Above - CORRECT ANSWER: C. Both A & B
This helps keep premiums reasonable by eliminating chance of persons buying
coverage only when they are sick
A relationship that requires maintenance of a high degree of fidelity and loyalty to the
interests of the principal, whether or not the adjuster is a direct employee is defined as:
A. Fiduciary
B. Estoppel
C. Public
D. None of the Above - CORRECT ANSWER: A. Fiduciary
Should always be maintained whether or not the adjuster is a direct employee
, A written statement given by the insured to the insurer acknowledging that money
received in the settlement of damages is received, not as a final payment, but as an
advance pending an outcome of a claim against the person responsible for the damage.
This is defined as a(n):
A. Loan Receipt
B. Subrogation Loan
C. Full Release Statement
D. Partial Release Statement - CORRECT ANSWER: A. Loan Receipt
Enables insurer to bring an action for recovery against a third party
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 - CORRECT ANSWER: D. Insurable Interest
A(n) __________ provides comprehensive health services to its members for a prepaid
fixed fee, equivalent to an insurance premium.
A. HMO
B. PPO
C. Major Medical Plan
D. All of the Above - CORRECT ANSWER: A. HMO
Referred to as an emerging and increasingly important non-insurance alternative to
dealing with risk of health care costs
Actual Cash Value - CORRECT ANSWER: Replacement cost minus depreciation
After pleading guilty or no contest to a felony, a licensed individual has _________ days
to inform the Department?
A. 10
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