FLORIDA CLAIMS ADJUSTER LATEST EXAM 2024-
2025/CLAIMS ADJUSTER (FLORIDA) 270+ REAL
EXAM QUESTIONS AND CORRECT
ANSWERS|AGRADE
Terms in this set (206)
Frank owned a home that D. All listed interests
was destroyed by a Remember that the insurer is not responsible to know
hurricane. Both ABC and the degrees of interest. In the event of a loss, one
XYZ Banks were listed as payment is made by the insurer and it is up to the
additional interests on his additional interests on working out their share.
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
Insurance applies A. Severability
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
Property insurance B. Abandonment
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
A(n) __________ is one D. Insurable Interest
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
States that if the insurer D. Liberalization
adopts a revision which The time frame is typically 60 days.
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
The __________ states that A. Doctrine of Proximate Cause
when there is an unbroken For example, if a property insurance policy covers the
connection between an peril of fire but further damage is caused by smoke,
occurrence and damage water used to extinguish, and the process of moving
that grows out of the property away - fire is considered to be the
occurrence, then the proximate cause of all of the damage.
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
The Loss Settlement A. Actual Cash Value
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 policy condition, either A. Warranty
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
The following are basic C. Loss of Settlement Contract
characteristics of a
property or liability
insurance contract,
except:
A. Personal Contract
B. Conditional Contract
C. Loss of Settlement
Contract
D. Contract of Adhesion
The Insurer's responsibility A. Conditional Contract
to pay for a property loss "may be conditioned"
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
Which of the following is B. Temporary Injury of the Insured
not one of the Also included: permanent injury other than scarring
"Thresholds" in the "No- and disfigurement
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
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