Florida adjuster exam 2 Study guides, Class notes & Summaries

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 person- al property) What is casual labor in workers' compen...

Florida Adjuster EXAM Latest 2023 Actual EXAM 200 plus Questions AND Correct Verified Answers Which of the following is TRUE? - ANSWER- If an appointment is terminated, an adjuster has 48 months to secure another appointment Bad Faith & Adjusting Practices - Under the Florida Unfair Trade Practices Act & the Unfair Methods of Competition and Unfair or Deceptive Acts, all of the following are prohibited, EXCEPT: - ANSWER- Adjuster keeps accurate records on a claim Florida's Administrative...

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...

Florida Adjuster EXAM Latest 2023 Actual EXAM 200 Questions AND Correct Answers Guaranteed Success

FLORIDA ALL CLAIMS ADJUSTER EXAM 2023/2024 UPDATED WITH VERIFIED QUESTIONS AND ANSWERS | INCLUDES RATIONALES| A GRADED

Florida Adjuster Exam 2

Which of the following is NOT one of the duties of the Department of Financial Services? b. Dept does NOT set rates nor write policies Set rates and write policies for various company products The adjuster has a particular relationship to his principal, the insurer. Which of the following best describes this relationship? It is a fiduciary relationship. The Claims Adjuster's role in the insurance industry includes all the following EXCEPT: Gives appropriate legal advice and wr...

FLORIDA ALL CLAIMS ADJUSTER EXAM 2023/2024 UPDATED WITH VERIFIED QUESTIONS AND ANSWERS | INCLUDES RATIONALES| A GRADED