Florida Test Study Guide - Public
Adjusting 3-20 (Set 1) Questions And
Answers
/. Those who are eligible for coverage under the Florida Automobile Joint Underwriting
Association are? - Answer-✅Military Personnel
A non-resident owning an automobile in Florida
A non-resident subject to Florida no-fault law
/.A forcible entry into locked premises and the carrying away of the property of others is
a definition of: - Answer-✅Burglary
/.The inland marine coverage form that covers clothing, cameras and other portable
property worn and carried by tourists and travelers is a: - Answer-✅Personal effects
floater
/.A residual market to alleviate the temporary unavailability of property insurance
coverage in significant portions of Florida (e.g. homeowners face non-renewal or
cancellations) - Answer-✅Residential Property & Casualty Joint Underwriting
Association for property owners.
/.What does the property insurance term "improvements and betterment" apply to? -
Answer-✅Real Property
/.The penalty imposed upon a Florida licensee who violates a cease and desists order
issued by the CFO: - Answer-✅$50,000 Fine
/.What is amount is personal property used for business purposes, under a
Homeowners policy covered up to - Answer-✅up to $2500 on premises
up to $1500 off premises
/.If a replacement costs exists, but the insured has a policy for only 50% of the
replacement cost, what percentage will the insured received for the loss? - Answer-
✅50% of the settlement amount
/.A statement that is believed to be true when made, which my prove to be false. -
Answer-✅Representation
/.A statement that is guaranteed to be correct: - Answer-✅Warranty
, /.When can an insured cancel his/her policy? - Answer-✅At any time.
/.In Florida, how many days in advance of a premium due date must an auto insurer
provide notice of renewal to an insured? - Answer-✅30 days written notice
/.What deductibles are subject to any aircraft physical damages that differ according to
circumstances surrounding a given loss? - Answer-✅In-flight Ded (greatest amount)
Not-in-Motion (least amount)
They apply independently based on the actual loss
/.Uninsured Motorist's Coverage form, the insured can request: - Answer-✅Non-stacked
Coverage
Stacked Coverage
UM coverage at the limits lower than those that apply for liability coverage
/.If a mortgage is acknowledged in the policy and the insured concealed the fact that a
hazard exists to the insurance company, would the mortgage have a right to recover its
full loan value? - Answer-✅Yes
/.Under Florida Comparative Negligence law how much would one be able to recover if
they were found 25% at fault? - Answer-✅75% (the difference)
/.If a claimant is under the influence of drugs and/or alcohol and is found to be 50% or
more at fault, how much can they recover? - Answer-✅$0.00
/.A commercial property coverage part includes: - Answer-✅Common policy conditions
Commercial property declarations
One or more causes of loss forms
/.When an insurance adjuster advises an insured to misrepresent the claim by
suggesting how to report a claim, the adjuster should be charged with: - Answer-
✅Unfair Claims Act
/.The "outside premises" policy insuring agreement covers: - Answer-✅Loss of money
and securities and other property outside the premises.
/.The insurer cannot prevent a public adjuster from meeting with their client after: -
Answer-✅the insurer has been notified of the existence of a contract
/.DP-1 is basic Dwelling Coverage. What is the only water damaged covered under this
form? - Answer-✅Damage caused by water used to extinguish a fire
Adjusting 3-20 (Set 1) Questions And
Answers
/. Those who are eligible for coverage under the Florida Automobile Joint Underwriting
Association are? - Answer-✅Military Personnel
A non-resident owning an automobile in Florida
A non-resident subject to Florida no-fault law
/.A forcible entry into locked premises and the carrying away of the property of others is
a definition of: - Answer-✅Burglary
/.The inland marine coverage form that covers clothing, cameras and other portable
property worn and carried by tourists and travelers is a: - Answer-✅Personal effects
floater
/.A residual market to alleviate the temporary unavailability of property insurance
coverage in significant portions of Florida (e.g. homeowners face non-renewal or
cancellations) - Answer-✅Residential Property & Casualty Joint Underwriting
Association for property owners.
/.What does the property insurance term "improvements and betterment" apply to? -
Answer-✅Real Property
/.The penalty imposed upon a Florida licensee who violates a cease and desists order
issued by the CFO: - Answer-✅$50,000 Fine
/.What is amount is personal property used for business purposes, under a
Homeowners policy covered up to - Answer-✅up to $2500 on premises
up to $1500 off premises
/.If a replacement costs exists, but the insured has a policy for only 50% of the
replacement cost, what percentage will the insured received for the loss? - Answer-
✅50% of the settlement amount
/.A statement that is believed to be true when made, which my prove to be false. -
Answer-✅Representation
/.A statement that is guaranteed to be correct: - Answer-✅Warranty
, /.When can an insured cancel his/her policy? - Answer-✅At any time.
/.In Florida, how many days in advance of a premium due date must an auto insurer
provide notice of renewal to an insured? - Answer-✅30 days written notice
/.What deductibles are subject to any aircraft physical damages that differ according to
circumstances surrounding a given loss? - Answer-✅In-flight Ded (greatest amount)
Not-in-Motion (least amount)
They apply independently based on the actual loss
/.Uninsured Motorist's Coverage form, the insured can request: - Answer-✅Non-stacked
Coverage
Stacked Coverage
UM coverage at the limits lower than those that apply for liability coverage
/.If a mortgage is acknowledged in the policy and the insured concealed the fact that a
hazard exists to the insurance company, would the mortgage have a right to recover its
full loan value? - Answer-✅Yes
/.Under Florida Comparative Negligence law how much would one be able to recover if
they were found 25% at fault? - Answer-✅75% (the difference)
/.If a claimant is under the influence of drugs and/or alcohol and is found to be 50% or
more at fault, how much can they recover? - Answer-✅$0.00
/.A commercial property coverage part includes: - Answer-✅Common policy conditions
Commercial property declarations
One or more causes of loss forms
/.When an insurance adjuster advises an insured to misrepresent the claim by
suggesting how to report a claim, the adjuster should be charged with: - Answer-
✅Unfair Claims Act
/.The "outside premises" policy insuring agreement covers: - Answer-✅Loss of money
and securities and other property outside the premises.
/.The insurer cannot prevent a public adjuster from meeting with their client after: -
Answer-✅the insurer has been notified of the existence of a contract
/.DP-1 is basic Dwelling Coverage. What is the only water damaged covered under this
form? - Answer-✅Damage caused by water used to extinguish a fire
