Claims adjusters exam fl - Study guides, Class notes & Summaries

FL Statutes, Rules, & Regulations (Sect. 2, Pt. 1&2)(in progress) Exam With Complete Solutions Chief Financial Officer (a.k.a. the Treasurer) - answer- responsible for administering the laws - heads the DFS Primary Responsibilities of the Department of Financial Services - answer- issuing licenses (Agents, CSRs, Adjusters) - supervising claims activities of companies - investigate charges of unethical conduct Divisions of DFS - answer- unclaimed property - insurance agent & agency ser...

NGN ATI Florida Claims Adjuster Exam | 206 Questions with 100% Correct Answers A+ | 2023/2024 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 Correct Answer: D. All listed interests Remember that the insurer is not responsible to know the degrees of interest...

FL Statutes, Rules, & Regulations (Sect. 2, Pt. 1&2)(in progress) Exam with Complete Solutions | Verified & Updated Chief Financial Officer (a.k.a. the Treasurer) - Answer️️ - - responsible for administering the laws - heads the DFS Primary Responsibilities of the Department of Financial Services - Answer️️ - - issuing licenses (Agents, CSRs, Adjusters) - supervising claims activities of companies - investigate charges of unethical conduct Divisions of DFS - Answer️️ - - un...

All of the following describe insurable interest EXCEPT - -Insurable Interest must exist at the time of the loss. -Insurance Interest must exist for insurance to respond. *Show a similarity between insurance and wagering* -The insured would suffer an economic loss. An Insurance Policy is a contract with all of the following characteristics, EXCEPT - -It is a personal contract. -Parties are of unequal power with ambiguities or unclear wording resolved in favor of the insured beca...

Claims Adjuster's Exam (FL)-with 100% verified solutions

FLORIDA 2-20 GENERAL LINES INSURANCE ACTUAL EXAM QUESTIONS AND ANSWERS 5 qualifications to become a General Lines agent - ANSWER 1. At least 18 years of age 2. United States citizen or legal alien 3. Bona fide resident of Florida 4. Place of business located in Florida 5. Not licensed for purpose of writing controlled business Department of Financial Services (DFS) - ANSWER 1. Approves issuance of licenses to agents, CR, and adjusters 2. Supervisions of claims 3. Investigate ...

TEST FOR ADJUSTER PRO, FLORIDA STUDY(QUESTIONS AND ANSWERS)A+ GRADED EXAM 2023-2024 - CORRECT ANSWER-Subtract the deductible from covered damages to get indemnification - CORRECT ANSWER-6 unique characteristics of insurance policy 1 Contracts of adhesion (court ez win) 2 Utmost good faith 3 aleatory 4 personal 5 Unilateral (only insurer has obligation) 6 Conditional - CORRECT ANSWER-1945 regulate insurance Naic doesn't give benefits to comissioners 90 day to pay hijacking on...

Claims Adjuster's Exam (FL) Questions and Answers 100% Pass All of the following describe insurable interest EXCEPT - Answer- -Insurable Interest must exist at the time of the loss. -Insurance Interest must exist for insurance to respond. *Show a similarity between insurance and wagering* -The insured would suffer an economic loss. An Insurance Policy is a contract with all of the following characteristics, EXCEPT - Answer- -It is a personal contract. -Parties are of unequal power with...

Florida Insurance Adjuster Licensing Test Questions and Correct Answers The policy period is found in what part of an insurance contract? - Correct Answer: Declarations Insurance policies are said to be contracts of... - Correct Answer: Adhesion The failure to exercise due care is known as - Correct Answer: Negligence A building is destroyed by flood. The loss of profits from renting the building is - Correct Answer: Indirect Loss The notice required for cancellation of an Auto Bi...