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FLORIDA 3-20 PUBLIC ADJUSTER STATE LICENSE FINAL EXAM NEWEST ACTUAL EXAM COMPLETE ACCURATE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+$19.99
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FLORIDA 3-20 PUBLIC ADJUSTER STATE LICENSE FINAL EXAM NEWEST ACTUAL EXAM COMPLETE ACCURATE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+
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FLORIDA 3-20 PUBLIC ADJUSTER STATE LICENSE
Institution
FLORIDA 3-20 PUBLIC ADJUSTER STATE LICENSE
FLORIDA 3-20 PUBLIC ADJUSTER STATE LICENSE
FINAL EXAM NEWEST ACTUAL EXAM COMPLETE
ACCURATE QUESTIONS AND CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS) |ALREADY
GRADED A+
FLORIDA 3-20 PUBLIC ADJUSTER STATE LICENSE
FINAL EXAM NEWEST ACTUAL EXAM COMPLETE
ACCURATE QUESTIONS AND CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS) |ALREADY
GRADED A+
Those who are eligible for coverage under the Florida Automobile Joint Underwriting
Association are? - ANSWERMilitary 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: - ANSWERBurglary
The inland marine coverage form that covers clothing, cameras and other portable
property worn and carried by tourists and travelers is a: - ANSWERPersonal 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) - ANSWERResidential Property & Casualty Joint Underwriting
Association for property owners.
What does the property insurance term "improvements and betterment" apply to? -
ANSWERReal 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 - ANSWERup 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? -
ANSWER50% of the settlement amount
,A statement that is believed to be true when made, which my prove to be false. -
ANSWERRepresentation
A statement that is guaranteed to be correct: - ANSWERWarranty
When can an insured cancel his/her policy? - ANSWERAt any time.
In Florida, how many days in advance of a premium due date must an auto insurer
provide notice of renewal to an insured? - ANSWER30 days written notice
What deductibles are subject to any aircraft physical damages that differ according to
circumstances surrounding a given loss? - ANSWERIn-flight Ded (greatest amount)
Not-in-Motion (least amount)
They apply independently based on the actual loss
Uninsured Motorist's Coverage form, the insured can request: - ANSWERNon-stacked
Coverage
Stacked Coverage
UM coverage at the limits lower than those that apply for liability coverage
If a mortgage is acknowledged in the policy and the insured concealed the fact that a
hazard exists to the insurance company, would the mortgage have a right to recover its
full loan value? - ANSWERYes
Under Florida Comparative Negligence law how much would one be able to recover if
they were found 25% at fault? - ANSWER75% (the difference)
If a claimant is under the influence of drugs and/or alcohol and is found to be 50% or
more at fault, how much can they recover? - ANSWER$0.00
A commercial property coverage part includes: - ANSWERCommon policy conditions
Commercial property declarations
One or more causes of loss forms
When an insurance adjuster advises an insured to misrepresent the claim by suggesting
how to report a claim, the adjuster should be charged with: - ANSWERUnfair Claims Act
The "outside premises" policy insuring agreement covers: - ANSWERLoss of money
and securities and other property outside the premises.
The insurer cannot prevent a public adjuster from meeting with their client after: -
ANSWERthe 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? - ANSWERDamage caused by water used to extinguish a fire
,In Florida, any policy that contains a separate hurricane deductible must include: -
ANSWERthe actual dollar value, bold print and notice of high-out-of pocket expense to
you
Coverages included under a commercial packaged policy (CPP): - ANSWERFarm
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? - ANSWERThe coverage could be denied
What coverage of the garage policy will pay for physical damage to a garage customer's
auto regardless of legal liability? - ANSWERGarage Keepers Direct Coverage
Endorsement
The purpose of the Florida Citizens Property Insurance Corporation is: - ANSWERto
provide coverage on dwelling and homeowner risks that are unable to obtain coverage
in the standard markets using standard property insurance forms.
If a property is eligible, what endorsement can Flood coverage be purchased under the
Commercial Property Policy? - ANSWERCP 10 65
If flood coverage CP 10 65 exists along with NFIP, which coverage is considered
excess? - ANSWERCP 10 65
The promise by one party that is conditioned on an uncertain event and where the value
given by each party is unequal is called: - ANSWERAleatory
When does coinsurance not apply? - ANSWERWhen the insured suffers a total loss to
the property.
In Florida, grounds for compulsory refusal, suspension, or revocation of an agent's or
adjuster's license or appointment includes: - ANSWERMaterial misstatement,
misreprepresentation, or fraud in obtaining a license
Using the license to willfully circumvent any of the requirements or prohibitions of
Florida insurance laws
, Demonstration of a lack of fitness or trustworthiness to engage in business of insurance
What forms the basic eligibility requirements for all of the residual markets in Florida? -
ANSWERThe risk is unable to find a market for the required coverages.
When a business owner declaration page contains more than one named insured, in
case of cancellation, who receives the notice? - ANSWERThe first named insured
What is insured under the valuable papers and records coverage form? -
ANSWERBooks, maps and film
Property of Others
Mortgage & Manuscripts
Someone, other than the insured, to whom the insured property is entrusted
"temporarily" is known as a: - ANSWERBailee
Name three claim settlement options: - ANSWERRepair
Replace with LKQ
Replace with New
When are non-residents subject to florida's insurance laws if a motor vehicle has been
physically present in florida? - ANSWER90 days during the preceding year
When can an insured assign a policy to another policy? - ANSWEROnly with written
consent from the insurer
Name the exclusions under the DP-2 Dwelling form: - ANSWERFlood, Earthquake,
Mudslides.
What is considered to be the most important implied warranty under a Ocean Marine
Policy? - ANSWERSeaworthiness of the Vessel
Taking property by force or the threat of force is defined as: - ANSWERRobbery
Requirements that truckers be financially responsible for cargo they carry are imposed
by: - ANSWERState and Federal Government
What is the standard deductible for each coverage under the "emergency flood
program"? - ANSWER$2,000.00
Under a HO-3 Policy, there is no coverage for loss resulting from "earth movement"
except when endorsed using: - ANSWEREarthquake Endorsement
An earthquake endorsement defines a single earthquake as all earthquake shocks
within what period? - ANSWER72 Hour Period
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