Florida Public Adjusters State Licensing Exam Question and Answers [100% Correct] 2025/2026- Updated Policies!!
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Module
Florida Claims adjuster
Institution
Florida Claims Adjuster
Florida Public Adjusters State Licensing
Exam Question and Answers [100%
Correct] 2025/2026- Updated Policies!!
What term is used to describe a policy where both the insurer and insured agree on the value of an item
being insured?
Agreed Value Policies
Who is responsible for safeguard...
Florida Public Adjusters State Licensing
Exam Question and Answers [100%
Correct] 2025/2026- Updated Policies!!
What term is used to describe a policy where both the insurer and insured agree on the value of an item
being insured?
Agreed Value Policies
Who is responsible for safeguarding another's property while it is in their care, custody, or control?
Bailee
What type of claim is made when a policyholder files directly against their own insurance company?
First Party Claim
What is the legal term for when someone entrusts another with an item, resulting in harm or injury to
another party?
Negligent Entrustment
Which type of hazard arises from a deliberate action by an insured, knowing it increases the risk due to
insurance coverage?
Moral Hazard
What provides temporary coverage before a full insurance policy is finalized?
Binder
What type of bond guarantees that a contractor will settle any outstanding debts upon completion of a
job?
Completion Bonds
1
,Which section of an insurance policy outlines the insured, coverage details, and premiums?
Declarations
What condition must be met for a policyholder to transfer their insurance policy to another person?
Assignment
Which term refers to any factor or condition that increases the risk of loss for an insured item?
Hazard
What is the term for the specific cause or event that directly results in a loss or damage?
Peril
Which type of insurance company is based and incorporated outside of the United States?
Alien
What principle is involved when an uninterrupted sequence of events links an occurrence to a loss,
making the loss part of the original event?
Proximate Cause
Which term refers to the initial event that is responsible for all subsequent damages in a chain of events?
Original Occurrence
Who is an independent contractor hired by an insurance company to handle claims on their behalf?
Independent Adjuster
What legal principle occurs when an insurer waives the right to challenge the continuation of certain
actions by the insured?
Estoppel
2
, Which type of insurer operates for profit, collects premiums, and reserves funds to cover potential
claims?
Commercial Insurers
Who is responsible for investigating and adjusting losses on behalf of an insurer or self-insured entity?
Independent Adjuster
What term describes the compensation or financial reparation resulting from an insured's wrongdoing or
tort?
Damages
Which type of policy requires the insured to insure the property for a specific value agreed upon by the
insurer?
Agreed Value
What term refers to the physical damage to tangible property caused by a covered peril?
Direct Loss
Who is the party that receives protection or benefits from a surety bond, often being the principal’s
creditor?
Obligee
What characteristic of an insurance contract implies that it is presented as a standard contract with no
negotiation allowed by the policyholder?
Adhesion
Which type of coverage applies when a civil authority denies access to an insured location due to a
covered peril?
Civil Authority
3
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