1 FL ADJUSTER PRACTICE TEST QUESTIONS AND ANSWERS, RATED A+/ VE| LATEST UPDATES/ COMPLETE EXAM PREDICTION PAPER |RIFIED/

1 FL ADJUSTER PRACTICE TEST QUESTIONS AND ANSWERS, RATED A+/ VERIFIED/ What requirements must Wholesalers and Distributors meet in order to be eligible for a BOP? - - 25% or less of floor space is available to the general public, and less than 25% of gross income may come from retail sales. The first step in the claim process is to - -Determining time and cost of repairs In Florida, an insurer has ___ days to pay or deny a claim. - -90 Jerome was shopping at ABC Imports when a light fixture fell from the ceiling and hit him on the head. Jerome's injuries resulted in an extended hospital stay, so he sued ABC Imports and was awarded $400,000. Assuming ABC Imports carries a CGL with a General Aggregate of $750,000 and a per occurrence limit of $250,000, what is the maximum that ABC's insurer will pay for Jerome's injuries? - -$250,000 Which of the following best describes inland marine insurance? - -Insurance designed to protect property being transported on land and property related to transportation A plane was damaged while being towed by another vehicle. By policy definition, this damage is considered to have occurred while the aircraft was: - -not in motion Citizens Insurance - -is available to certain people who are not residents of Florida. This provision in Ocean Marine insurance obligates insurers of various interests to share the cost of losses associated with a captain's decision to voluntarily sacrifice a part of the ship or its cargo. - - General Average Walter works for a shipping company, delivering packages and picking up orders. He lives very close to work and the grocery store is only a few blocks away, so he can live conveniently without owning a car. However, he would like to have some Personal Injury Protection, just in case he ever gets injured in an accident. Which BAP endorsement could his employer use to give him this coverage? - -Named Individuals Broadened PIP Which of the following is NOT a rating factor for a personal auto liability policy? - -The condition of the vehicle Phil heads over to visit his friend Josh, who is sick with the flu. While at the house, Josh fails to cover his mouth when he coughs and Phil ends up contacting the flu. Phil files a claim with Josh's insurer for medical expenses and lost income while Phil is out sick from work. The insurer denies the claim because - -disease transmitted from the insured to a third party is excluded. Jerrod owns two planes and has liability insurance with the following limits: Bodily Injury Excluding Passengers: $250,000/person; $500,000/occurrence Passenger Bodily Injury: $250,000/person; $750,000/occurrence Property Damage: $500,000/occurrence. When Jerrod crashes into a car while landing his plane, he injures the two people in the car and completely wrecks the car. The first person in the car suffers $200,000 in injuries, and the second person suffers $300,000 in injuries. Replacing the car costs $45,000. Without taking deductibles into account, how much will Jerrod have to pay out of his own pocket? - -50,000 Which of the following endorsements is mandatory fo