Florida Certified Adjuster Pre-Licensing Bundled exams with correct answers 2024

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 correct answers D...

Declarations Insurance policies are said to be contracts of... correct answers Adhesion The failure to exercise due care is known as correct answers Negligence A building is destroyed by flood. The loss of profits from renting the building is correct answers Indirect Loss The notice r...

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

A public adjuster represents the interest of: A. The insurer B. The Insured C. The employer D. The interest of the general public correct answers 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. Inte...

A claim in the property/casualty industry Is defined as: correct answers 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: correct answe...

Peril correct answers Somthing t√dhat causes a loss. Hazard correct answers Something that increases the probability that a loss will occur. Warranty correct answers A policy condition, either based on information in the insureds application or inserted by the insurer. It is a guarantee o...

The Adjuster's Code of Ethics starts with a basic premise which states: correct answers 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 following an adjuster's compliance requirement in ...

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 ...

Which 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 purpose. (D)Consideration, consisting of money or a promise of performan...

Edward is a member of the Knights of Columbus, a religious group dedicated to voluntary service to the benefit of society. He also recently purchased a $100,000 life insurance policy from the organization. This was possible because the Knights of Columbus is: correct answers a fraternal benefit soc...

The insurer and insured agree to a specific value of insured item correct answers Agreed Value Policies Someone who has care, custody or control of another's property correct answers Bailee Claim filed by policy holder against his _ correct answers First Party Claim When a person who ...

There are several important statutory requirements pertaining to contracts made by public adjusters: correct answers 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...

626.854 (3) correct answers A public adjuster may not give legal advice or act on behalf of or aid any person in negotiating or settling a claim relating to bodily injury, death, or noneconomic damages. 626.854 (5) correct answers A public adjuster may not directly or indirectly through any oth...

Those who are eligible for coverage under the Florida Automobile Joint Underwriting Association are? correct answers 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 ...