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CLAIMS ADJUSTER EXAM FOR FLORIDA SCORED A+ 2024
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CLAIMS ADJUSTER EXAM FOR FLORIDA SCORED A+ 2024
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CLAIMS ADJUSTER EXAM FOR FLORIDASCORED A+ 2024
The following are basic characteristics of a property or liability insurance contract, EXCEPT:
A. Personal Contract
B. Conditional Contract
C. Loss Settlement Contract
D. Contract of Adhesion - RIGHT ANS>> C. Loss Settlement Contract
The Insurers responsibility to pay for a property loss 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 - RIGHT ANS>> A. Conditional Contract
A(n) is one 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 - RIGHT ANS>> D. Insurable Interest
,The states that when there is an unbroken connection between an occurrence and
damage that grows out of the occurrence, then the 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 - RIGHT ANS>> A. Doctrine of Proximate Cause
,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 - RIGHT ANS>> D. All listed interests
The Loss Settlement 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 - RIGHT ANS>> A. Actual Cash Value
Insurance applies 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 - RIGHT ANS>> A. Severability
States that if the insurer adopts a revision which 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. (Usually 60 days)
A. Cancellation Clause
B. Policy Period
C. Pro Rata
D. Liberalization - RIGHT ANS>> D. Liberalization
Property insurance 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 - RIGHT ANS>> B. Abandonment
A policy condition, either based on information in the insured's application or inserted by the
insurer, is defined as:
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