Examination
180 minutes
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2. Answer all questions.
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State Insurance Claims Adjuster- Pro Certification
2024- 2025
Adjuster Pro: Florida Certified Adjuster's Exam
Comprehensive Review Questions with Correct
Answers | 100% Pass Guaranteed | Graded A+ |
Read All Instructions Carefully and Answer All the
Questions Correctly Good Luck: -
How do you calculate indemnification for covered
damages? - =Answer>> Subtract the deductible from
the covered damages to determine the indemnification
amount.
Indemnification - =Answer>> Reimbursement for a
loss, which leaves the claimant in the same financial
position that she wasin before the loss.
Indemnify - =Answer>> To restore by payment,
repair, or replacement
Indemnity Insurance - =Answer>> Insurance that
indemnify's loss as opposed to liability
Indirect Loss - =Answer>> An economic loss that
results from the direct, or physical, loss.
Inland Marine Insurance - =Answer>> Insurance that
protects property being transported over land
Insurance - =Answer>> A financial device used by
people and organizations to protect themselves from
unexpected,extraordinary financial losses.
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Insurance Company - =Answer>> Company which
sells insurance policies to individuals or to other
companies.
Insurance Policy - =Answer>> A contract wherein an
insured pays premiums to an insurer in exchange for
financial protectionin the event of a covered loss.
Insurance Rating Systems - =Answer>> Methods of
evaluating the risk involved in insuring a person,
property, or a corporation. Insurersuse rating systems
to calculate premiums.
Insured - =Answer>> A person or entity who is
covered under an insurance policy.
Insurer - =Answer>> The person or entity providing
coverage to one or more insureds.
Insuring Agreement - =Answer>> A section of an
insurance policy that summarizes the insurer's promise
to pay. Includes list ofcovered property and perils.
Interest - =Answer>> Direct financial interest in
protecting a unit.
Intervening Cause - =Answer>> A separate
occurrence that intervenes" between a defendant's
actions and damage or loss toanother person. An
intervening cause may decrease the defendant's
liability if the defendantcan show that it was the
intervening cause (rather than the defendant himself)
that caused thedamage or loss.
joint liability - =Answer>> Liability shared by two or
more persons.
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Judgement - =Answer>> An official court ruling
forming a final decision resolving a dispute or forming a
final decree.
Kickbacks - =Answer>> Any sort of reward or
remuneration for referrals or favors; for example, a
body shop givingmoney to an adjuster for referring
customers.
Landlord - =Answer>> One who has leased property
to a tenant.
Leased worker - =Answer>> Worker hired through a
labor leasing firm.
Legal Purpose - =Answer>> One of the four
qualifications of a legally binding contract. The purpose
of the contract must belegal (e.g. no contracts for illicit
drug deals)
Liability - =Answer>> An obligation to do or not to do
something; responsibility for an action.
Liability Insurance - =Answer>> Liability insurance
indemnifies a third party for damages caused by the
insured's negligence.
Liability - employer - =Answer>> Protects employers
from damages and bodily injury caused to employees
or by employeeswhile performing under the scope of
their employment.
Liability - product - =Answer>> Protects a
policyholder from legal liability for damages to third
parties caused by themanufacturing, merchandising,
distributing, or operation of a product.
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