Abandonment clause - Study guides, Class notes & Summaries
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Florida Claims Adjuster Exam | 206 Questions with 100% Correct Answers | 33 Pages
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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 - D. All listed interests Remember that the insurer is not responsible to know the degrees of interest. In the event of a loss, one payment is made by the insurer and it is up to the additional interests on working out thei...
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Florida Claims Adjuster Exam, 6-20 All Lines Adjuster- Florida- Review| 332 Questions| 41 Pages
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Peril Correct Answer: Something that causes a loss. 
 
Hazard Correct Answer: Something that increases the probability that a loss will occur. 
 
Warranty Correct 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 Correct Answer: An untrue statement by the insured, made in an application for insurance but which does not become a part of the policy. 
 
Concealment Correct Answer: Th...
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Florida Claims Adjuster Exam 206 Questions with 100% Correct Answers 33 Pages
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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. In the event of a loss, one payment is made by 
the insurer and it is up to the additional in...
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Florida Claims Adjuster Exam 206 Questions with 100% Correct Answers | 33 Pages
- Exam (elaborations) • 36 pages • 2022
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Florida Claims Adjuster Exam Questions with Correct Answers 
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1. 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: D. All listed interests 
Remember that the insurer is not responsible to know the degrees of interest. In 
the event of a loss, one payment is ma...
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Florida Claims Adjuster Exam, 6-20 All Lines Adjuster- Florida- Review(updated 2023)
- Exam (elaborations) • 42 pages • 2023
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Florida Claims Adjuster Exam, 6-20 All Lines Adjuster- Florida- Review(updated 2023)Peril 
Something that causes a loss. 
 
 
 
Hazard 
Something that increases the probability that a loss will occur. 
 
 
 
Warranty 
A policy condition, either based on information in the insureds application or inserted by the insurer. It is a guarantee of a fact. 
 
 
 
Misrepresentation 
An untrue statement by the insured, made in an application for insurance but which does not become a part of the policy. 
 ...
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Florida Claims Adjuster Exam questions and answers 2023
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Florida Claims Adjuster Exam questions and answers 2023Severability 
Insurance applies separately to each insured as if other insureds did not exist. 
 
 
 
Abandonment 
Property insurance policies usually contain a(n) __________ clause, stating the insured cannot dump damaged property on the insurer and demand its full value. 
 
 
 
Insurable Interest 
One wherein economic loss would be suffered from an adverse happening to the subject. 
 
 
 
Liberalization 
States that if the insurer adopts a...
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Florida Claims Adjuster Exam | 206 Questions with 100% Correct Answers | 33 Pages
- Exam (elaborations) • 40 pages • 2024
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Florida Claims Adjuster Exam | 206 Questions with 100% Correct Answers | 33 Pages 
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. In the event of...
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CT All-Lines Adjuster Licensing Exam Questions And Actual Answers.
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Abandonment - Answer Relinquishing of property and letting go of all legal rights with the intent to claim a total loss. 
 
Abandonment Clause - Answer A property policy provision that stipulates that the insurer need not accept any damaged property that the insured chooses to relinquish. 
 
Absolute Liability - Answer The performance of an act so dangerous as to be sufficient to trigger liability regardless of the degree of negligence. 
 
Accident - Answer An unforeseen, unintended,...
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Florida Claims Adjuster Exam, 6-20 All Lines Adjuster- Florida- Review
- Exam (elaborations) • 54 pages • 2024
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Peril 
Something that causes a loss. 
 
 
Hazard 
Something that increases the probability that a loss will occur. 
 
 
 
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Warranty 
A policy condition, either based on information in the insureds application or inserted by the insurer. It is a guarantee of a fact. 
 
 
Misrepresentation 
An untrue statement by the insured, made in an application for insurance but which doe...
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FLORIDA GENERAL LINES 2-20 TERMS | 205 QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS 100% CORRECT | UPDATE 2024
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FLORIDA GENERAL LINES 2-20 TERMS | 205 QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS 100% CORRECT | UPDATE 2024 
Accident 
A sudden fortuitous event 
 
 
 
abandonment clause 
A clause often contained in property insurance policies stating that the insured cannot abandon damaged property to the insurer and demand to be reimbursed for its full value 
 
 
 
Accounts receivable coverage forms 
An inland marine coverage form which insures against loss the insured suffers because of an inability to ...
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