Florida Claims Adjuster Exam, 6-20 All Lines
Florida
Adjuster-
Claims Florida-
AdjusterReview
Exam, 6-20 All Lines
Florida
Adjuster-
Claims Florida-
AdjusterReview.pdf
Exam, 6-20 All Lines Adjuster- Florida- Review.pdf
Florida Claims Adjuster Exam, 6-20 All
Lines Adjuster- Florida- Review
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.
Florida Claims Adjuster Exam, 6-20 All Lines Adjuster- Florida- Review.pdf
16/01/2026
Florida Claims Adjuster Exam, 6-20 All Lines Adjuster- Florida- Review.pdf
,Florida Claims Adjuster Exam, 6-20 All Lines
Florida
Adjuster-
Claims Florida-
AdjusterReview
Exam, 6-20 All Lines
Florida
Adjuster-
Claims Florida-
AdjusterReview.pdf
Exam, 6-20 All Lines Adjuster- Florida- Review.pdf
Concealment
The failure of the insured to reveal relevant facts known to the insured in applying for insurance.
Abandonment
Property insurance policies usually contain an abandonment clause, stating the insured cannot dump
damaged property on the insurer and demand its full value.
Severability
The insurance applies separately to each insured as if other insureds did not exist.
Proximate Cause
The cause having the most significant impact in bringing about the loss under a first-party property
insurance policy, when two or more independent perils operate at the same time (i.e., concurrently) to
produce a loss. Courts employ a set of rules to resolve causation disputes when a property policy states
that it covers or excludes losses "caused by" a peril and there is more than one peril at work in a fact
pattern. Under common law, whether the policy provides coverage depends on which peril is chosen as
the proximate cause.
Florida Claims Adjuster Exam, 6-20 All Lines Adjuster- Florida- Review.pdf
16/01/2026
Florida Claims Adjuster Exam, 6-20 All Lines Adjuster- Florida- Review.pdf
,Florida Claims Adjuster Exam, 6-20 All Lines
Florida
Adjuster-
Claims Florida-
AdjusterReview
Exam, 6-20 All Lines
Florida
Adjuster-
Claims Florida-
AdjusterReview.pdf
Exam, 6-20 All Lines Adjuster- Florida- Review.pdf
Direct Loss
Physical harm to tangible property.
Indirect Loss
Economic loss which flows as a result of direct loss.
Actual Cash Value(ACV)
Replacement Cost minus Depreciation
Coinsurance
The amount, generally expressed as a fixed percentage, an insured must pay against a claim after the
deductible is satisfied. It's ultimately a way for the insured and insurer to share responsibility for the
risk. It can also help reduce the cost of the insurance policy premium. Coinsurance can be written on an
80/20, 90/100, or 100% rule.
Florida Claims Adjuster Exam, 6-20 All Lines Adjuster- Florida- Review.pdf
16/01/2026
Florida Claims Adjuster Exam, 6-20 All Lines Adjuster- Florida- Review.pdf
, Florida Claims Adjuster Exam, 6-20 All Lines
Florida
Adjuster-
Claims Florida-
AdjusterReview
Exam, 6-20 All Lines
Florida
Adjuster-
Claims Florida-
AdjusterReview.pdf
Exam, 6-20 All Lines Adjuster- Florida- Review.pdf
Personal Contract
Policies cover people who own and operate things, such as automobiles.
Conditional Contract
Also called a hypothetical contract, is a contract agreement that only requires performance once the
delineated conditions are met. This legal agreement requires prior performance of another agreement
or clause in order to be enforceable. If the other agreement or condition is performed, then the
conditional contract is enforceable and the parties are bound to carry out the terms of the contract.
Contract of Indemnity
Principle of insurance that provides that when a loss occurs, the insured should be restored to the
approximate financial condition he/she occupied before the loss occurred, no better or no worse.
Insurable Interest
the reasonable concern of a person to obtain insurance for any individual or property against
unforeseen events such as death, losses, etc.
Waiver
Florida Claims Adjuster Exam, 6-20 All Lines Adjuster- Florida- Review.pdf
16/01/2026
Florida Claims Adjuster Exam, 6-20 All Lines Adjuster- Florida- Review.pdf
Florida
Adjuster-
Claims Florida-
AdjusterReview
Exam, 6-20 All Lines
Florida
Adjuster-
Claims Florida-
AdjusterReview.pdf
Exam, 6-20 All Lines Adjuster- Florida- Review.pdf
Florida Claims Adjuster Exam, 6-20 All
Lines Adjuster- Florida- Review
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.
Florida Claims Adjuster Exam, 6-20 All Lines Adjuster- Florida- Review.pdf
16/01/2026
Florida Claims Adjuster Exam, 6-20 All Lines Adjuster- Florida- Review.pdf
,Florida Claims Adjuster Exam, 6-20 All Lines
Florida
Adjuster-
Claims Florida-
AdjusterReview
Exam, 6-20 All Lines
Florida
Adjuster-
Claims Florida-
AdjusterReview.pdf
Exam, 6-20 All Lines Adjuster- Florida- Review.pdf
Concealment
The failure of the insured to reveal relevant facts known to the insured in applying for insurance.
Abandonment
Property insurance policies usually contain an abandonment clause, stating the insured cannot dump
damaged property on the insurer and demand its full value.
Severability
The insurance applies separately to each insured as if other insureds did not exist.
Proximate Cause
The cause having the most significant impact in bringing about the loss under a first-party property
insurance policy, when two or more independent perils operate at the same time (i.e., concurrently) to
produce a loss. Courts employ a set of rules to resolve causation disputes when a property policy states
that it covers or excludes losses "caused by" a peril and there is more than one peril at work in a fact
pattern. Under common law, whether the policy provides coverage depends on which peril is chosen as
the proximate cause.
Florida Claims Adjuster Exam, 6-20 All Lines Adjuster- Florida- Review.pdf
16/01/2026
Florida Claims Adjuster Exam, 6-20 All Lines Adjuster- Florida- Review.pdf
,Florida Claims Adjuster Exam, 6-20 All Lines
Florida
Adjuster-
Claims Florida-
AdjusterReview
Exam, 6-20 All Lines
Florida
Adjuster-
Claims Florida-
AdjusterReview.pdf
Exam, 6-20 All Lines Adjuster- Florida- Review.pdf
Direct Loss
Physical harm to tangible property.
Indirect Loss
Economic loss which flows as a result of direct loss.
Actual Cash Value(ACV)
Replacement Cost minus Depreciation
Coinsurance
The amount, generally expressed as a fixed percentage, an insured must pay against a claim after the
deductible is satisfied. It's ultimately a way for the insured and insurer to share responsibility for the
risk. It can also help reduce the cost of the insurance policy premium. Coinsurance can be written on an
80/20, 90/100, or 100% rule.
Florida Claims Adjuster Exam, 6-20 All Lines Adjuster- Florida- Review.pdf
16/01/2026
Florida Claims Adjuster Exam, 6-20 All Lines Adjuster- Florida- Review.pdf
, Florida Claims Adjuster Exam, 6-20 All Lines
Florida
Adjuster-
Claims Florida-
AdjusterReview
Exam, 6-20 All Lines
Florida
Adjuster-
Claims Florida-
AdjusterReview.pdf
Exam, 6-20 All Lines Adjuster- Florida- Review.pdf
Personal Contract
Policies cover people who own and operate things, such as automobiles.
Conditional Contract
Also called a hypothetical contract, is a contract agreement that only requires performance once the
delineated conditions are met. This legal agreement requires prior performance of another agreement
or clause in order to be enforceable. If the other agreement or condition is performed, then the
conditional contract is enforceable and the parties are bound to carry out the terms of the contract.
Contract of Indemnity
Principle of insurance that provides that when a loss occurs, the insured should be restored to the
approximate financial condition he/she occupied before the loss occurred, no better or no worse.
Insurable Interest
the reasonable concern of a person to obtain insurance for any individual or property against
unforeseen events such as death, losses, etc.
Waiver
Florida Claims Adjuster Exam, 6-20 All Lines Adjuster- Florida- Review.pdf
16/01/2026
Florida Claims Adjuster Exam, 6-20 All Lines Adjuster- Florida- Review.pdf
