Florida all lin Study guides, Class notes & Summaries

Florida Adjuster All Lines 2024/2025 already graded A+

What is an eligible building for flood insurance? A structure with 2 or more outside rigid walls and a fully secure roof, built on a permanent site, with 50% or more of the value above ground level and located within an eligible community What is Builders Risk Coverage? Covers buildings in the course of completion. Proper coverage is 100% of expected completed value Do all Homeowners policies contain Coverage A? No, HO-4 (Renters personal property) What is casual labor in...

The Adjuster's Code of Ethics starts with a basic premise which states: The work of adjusting engages the public trust Once an adjuster is licensed he or she must maintain a continuing education requirement. Select from the following an adjuster's compliance requirement in order to stay licensed: A newly licensed adjuster must complete 24 hours of continuing education in every two year compliance period, of which 5 hours must be taken in a properly certified 5 Hour Law & Ethics Update...

Florida All Lines Claims Adjuster Practice Questions with complete solutions | Latest 2023/2024 What is an eligible building for flood insurance? -- A structure with 2 or more outside rigid walls and a fully secure roof, built on a permanent site, with 50% or more of the value above ground level and located within an eligible community What is Builders Risk Coverage? -- Covers buildings in the course of completion. Proper coverage is 100% of expected completed value Do all Homeowners polic...

Florida Adjuster All Lines Exam With Verified And 100% Correct Answers

Liability insurance policies are what kind of contracts - ANSWER-third party contracts third party contracts do what - ANSWER-promise to pay on behalf of the insured all damages two forms of legal liability - ANSWER-civil and criminal liability what is a tort - ANSWER-A civil wrong who is the tortfeasor - ANSWER-someone who committed the tort joint tortfeasor - ANSWER-two or more people who commit a single tort in civil lawsuit, the tortfeasor is referred to as - ANSWER-the def...

Peril - ANSWER Something that causes a loss. Hazard - ANSWER Something that increases the probability that a loss will occur. Warranty - ANSWER A policy condition, either based on information in the insureds application or inserted by the insurer. It is a guarantee of a fact. Misrepresentation - ANSWER An untrue statement by the insured, made in an application for insurance but which does not become a part of the policy. Concealment - ANSWER The failure of the insured to reveal relev...

Florida Adjuster All Lines Questions and Answers Already Passed The Adjuster's Code of Ethics starts with a basic premise which states: The work of adjusting engages the public trust Once an adjuster is licensed he or she must maintain a continuing education requirement. Select from the following an adjuster's compliance requirement in order to stay licensed: A newly licensed adjuster must complete 24 hours of continuing education in every two year compliance period, of which 5 hours must be ...