Florida Test Study Guide - Public Adjusting 3-20 (Set 1)ACCURATE 100%
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Course
Florida Public Adjuster 3-20
Institution
Florida Public Adjuster 3-20
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 pro...
Florida Test Study Guide - Public Adjusting 3-20
(Set 1)ACCURATE 100%
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 property of others is a definition of: -
ANSWER Burglary
The inland marine coverage form that covers clothing, cameras and other portable property worn and
carried by tourists and travelers is a: - ANSWER Personal effects floater
A residual market to alleviate the temporary unavailability of property insurance coverage in significant
portions of Florida (e.g. homeowners face non-renewal or cancellations) - ANSWER Residential Property
& Casualty Joint Underwriting Association for property owners.
What does the property insurance term "improvements and betterment" apply to? - ANSWER Real
Property
The penalty imposed upon a Florida licensee who violates a cease and desists order issued by the CFO: -
ANSWER $50,000 Fine
What is amount is personal property used for business purposes, under a Homeowners policy covered
up to - ANSWER up to $2500 on premises
up to $1500 off premises
If a replacement costs exists, but the insured has a policy for only 50% of the replacement cost, what
percentage will the insured received for the loss? - ANSWER 50% of the settlement amount
, A statement that is believed to be true when made, which my prove to be false. - ANSWER
Representation
A statement that is guaranteed to be correct: - ANSWER Warranty
The "outside premises" policy insuring agreement covers: - ANSWER Loss of money and securities and
other property outside the premises.
The insurer cannot prevent a public adjuster from meeting with their client after: - ANSWER the insurer
has been notified of the existence of a contract
DP-1 is basic Dwelling Coverage. What is the only water damaged covered under this form? - ANSWER
Damage caused by water used to extinguish a fire
In Florida, any policy that contains a separate hurricane deductible must include: - ANSWER the actual
dollar value, bold print and notice of high-out-of pocket expense to you
Coverages included under a commercial packaged policy (CPP): - ANSWER Farm Coverage
Commercial Crime Coverage
Commercial GL
Commercial Property
Commercial Auto
Commercial Inland Marine
Boiler and Machinery
Professional Liability
Employment Practices
If an insured fails to comply with the immediate notice of claim requirements, what could happen? -
ANSWER The coverage could be denied
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