PACKAGE DEAL OF FLORIDA ADJUSTER QUESTION AND ANSWER 2023(full pack)

Florida Claims Adjuster Exam Question and answers rated A+ 2023Severability Insurance applies separately to each insured as if other insureds did not exist. Abandonment Property insurance policies usually contain a(n) __________ clause, stating the insured cannot dump damaged property on th...

Florida Claims Adjuster Exam, 6-20 All Lines Adjuster- Florida- Review Question and answers 100% correct 2023Peril Something that causes a loss. Hazard Something that increases the probability that a loss will occur. Warranty A policy condition, either based on information in the i...

Florida Adjuster Licensing Practice Exam Question and answer already passed 2023A claim in the property/casualty industry Is defined as: an assertion of an alleged legal right against a person, entity, company or insurer that carries with it a demand for money as compensation for injuries or damage...

Florida 6-20 All Lines Adjuster Test Question and answers 2023 verified A public adjuster represents the interest of: A. The insurer B. The Insured C. The employer D. The interest of the general public B. The insured Which of the following is the type of report that indicates the initial...

Florida Claims Adjuster Exam Question with complete solutions 2023The 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 Loss of Settlement Contract ...

Florida Public Adjuster State Test Question and answer rated A+ 2023Florida No-Fault Tort Exemption Those who comply with the law are granted limited immunity from suits of others through PIP coverage. 4 Exceptions to Tort Exemption(Threshold of No-Fault) 1. Significant and Permanent loss ...

Florida 3-20 Public Adjusters State Exam (Set 1) Question and answer 100% passed 2023The insurer and insured agree to a specific value of insured item Agreed Value Policies Someone who has care, custody or control of another's property Bailee Claim filed by policy holder against his...

FL Adjusters License Practice Exams Question and answer already passed 2023Which of the following is NOT one of the four critical elements of a contract? (A) A mutual understanding and agreement with the terms of the contract. (B) Written evidence of the agreement and its terms. (C)A legal ...

Florida Adjuster Exam Question and answers 2023 verified Which of the following is NOT one of the duties of the Department of Financial Services? b. Dept does NOT set rates nor write policies Set rates and write policies for various company products The adjuster has a particular relationshi...

Claims Adjuster Florida Question and answer rated A+ 2023For purposes of insurance, a "loss" is best defined as: an unwelcomed, unplanned reduction in economic value An automatic sprinkler system in a hotel building is a risk reduction measure because it: reduces the amount of damage that...

Florida Adjuster All Lines Questions with complete solution 2023The Adjuster's Code of Ethics starts with a basic premise which states: The work of adjusting engages the public trust Once an adjuster is licensed he or she must maintain a continuing education requirement. Select from the fo...

Florida Insurance Adjuster Licensing Test Question and answers 100% correct 2023The policy period is found in what part of an insurance contract? Declarations Insurance policies are said to be contracts of... Adhesion The failure to exercise due care is known as Negligence A...

Adjuster Pro - Florida Certified Adjuster Glossary Question and answer already passed 2023Accumulated Depreciation The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Actual Cash Value (ACV) A valuation method used by insurers ...

Exam 1 insurance licensing florida Question and answers 2023 verified What is the primary difference between a staff adjuster and an independent adjuster? A staff adjuster works for an insurance company and an independent adjuster works independently for themselves or for adjusting firms who repre...