Florida Claims Adjuster Exam 100% ACCURATE EXAM BUNDLE

There are several important statutory requirements pertaining to contracts made by public adjusters: - ANSWER Must state the type of claim, including an emergency claim, non-emergency claim or supplemental claim. Requires the signatures of all named insureds. If the signatures of all named insured...

Florida No-Fault Tort Exemption - ANSWER 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) - ANSWER 1. Significant and Permanent loss of bodily function. 2.Permanent injury other than scarri...

Those who are eligible for coverage under the Florida Automobile Joint Underwriting Association are? - ANSWER Military Personnel A non-resident owning an automobile in Florida A non-resident subject to Florida no-fault law A forcible entry into locked premises and the carrying away of the prop...

claim in the property/casualty industry Is defined as: - ANSWER 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 damages when you purchase insurance, you are buying: - ANSWER peace of mind t...

Jane has $150,000 homeowners policy with a 3% percentage deductible. One night, In oven fire destroys her kitchen, causing $50,000 in damage. How much of the damage falls under Janes responsibility? - ANSWER $4,500 Xavier owns a small insurance company. Recently the company want to bid to ensure ...

Frank owned a home that was destroyed by a hurricane. Both ABC and XYZ Banks were listed as additional interests on his 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 - ANSWER D. All li...

A public adjuster represents the interest of: A. The insurer B. The Insured C. The employer D. The interest of the general public - ANSWER B. The insured Which of the following is the type of report that indicates the initial results of a claim investigation? A. Field Report B. Interim Repo...

Severability - ANSWER Insurance applies separately to each insured as if other insureds did not exist. Abandonment - ANSWER Property insurance policies usually contain a(n) __________ clause, *stating the insured cannot dump damaged property on the insurer and demand its full value.* Insurable...

operate as an insurance agency in Florida an agency is required to: A. appoint at least two agents to manage the agency B. appoint the Office as its agent for service or process C. obtain a license or reg1strabon from the state D. have transacted insurance in Florida for at least two years bef...

The policy period is found in what part of an insurance contract? - ANSWER Declarations Insurance policies are said to be contracts of... - ANSWER Adhesion The failure to exercise due care is known as - ANSWER Negligence

This optional provision states that if the insured becomes totally disabled, premiums are waived but the coverage remains in force: A. Waiver of Subrogation B. Waiver of Premium C. Waiver of Value D. None of the Above - ANSWER B. Waiver of Premium "premiums are waived" Frank owned a ho...

To operate as an insurance agency in Florida an agency is required to: A. appoint at least two agents to manage the agency B. appoint the Office as its agent for service or process C. obtain a license or reg1strabon from the state D. have transacted insurance in Florida for at least two years ...

Claim - ANSWER 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 What are you really buying when you purchase insurance? - ANSWER Peace of mind Why is insurance such a unique produc...