Florida 3-20 Public Adjusters State Exam ACTUAL EXAM COMPLETE QUESTIONS AND VERIFIED SOLUTIONS LATEST UPDATE THIS YEAR.pdf

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Florida 3-20 Public Adjusters State Exam ACTUAL EXAM
2026-2027 COMPLETE QUESTIONS AND VERIFIED
SOLUTIONS LATEST UPDATE THIS YEAR


QUESTION: Any person who investigates or adjusts losses on behalf of either an insurer or a self-

insured - ANSWER-Independent Adjuster




QUESTION: The result of an insured's tort or wrongdoing. Consequences of a loss or amount or

type of losses suffered - ANSWER-Damages




QUESTION: Requires the insured to insure the named property for a specific amount of insurance

as required by the insurance company - ANSWER-Agreed Value




QUESTION: Physical harm to tangible property caused by peril (loss to property or person in

which a covered peril is the proximate cause of damage or destruction) - ANSWER-Direct loss




QUESTION: The entity that is the "recipient" to the Principal - ANSWER-Obligee

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QUESTION: Insurance contracts are written on a take it or leave it basis to the policy owner. -

ANSWER-Adhesion




QUESTION: Event or circumstance that causes damage - ANSWER-Occurance




QUESTION: Coverage provides for payment of losses if civil authority denies access to the insured

premises due to a covered peril - ANSWER-Civil Authority




QUESTION: Voluntary relinquishment of a known legal right - ANSWER-Waiver




QUESTION: An insurer domiciled outside the state where it writes insurance - ANSWER-Foreign




QUESTION: A state officer who administers the state's insurance laws and regulations - ANSWER-

Commissioner




Q; The insurer and insured agree to a specific value of insured item - ANSWER-Agreed Value

Policies

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QUESTION: Someone who has care, custody or control of another's property - ANSWER-Bailee




QUESTION: Claim filed by policy holder against his _ - ANSWER-First Party Claim




QUESTION: When a person who entrusts another with an object and it results in injury to

someone can be held liable for the injury to someone. Can be held liable for the injury i.e. Firearm

or DWI - ANSWER-Negligent Entrustment




QUESTION: Hazard that results from a conscious decision made by an insured to participate in a

manner or behavior more likely to result in a loss because they have insurance - ANSWER-Moral

Hazard




QUESTION: Used to provide temporary insurance coverage until an insurance policy can be

written - ANSWER-Binder




QUESTION: Required by lenders to guarantee that outstanding loans against a job are paid upon

completion - ANSWER-Completion Bonds