FL CAM LICENSE EXAM QUESTIONS
AND ANSWERS ALL CORRECT
Which of the following insurance claims adjusters would be paid for by the insurance
company?
A. Insurance company employee
B. Public adjuster
C. Independent adjuster
D. Both A and C - Answer- D. Both A and C
Insurance claims are usually settled with the assistance of a claims adjuster. There are
three types of adjusters:
Large insurers often use employees of the insurance company, whose costs are borne
by the insurer.
Independent adjusters are independent contractors employed by insurance companies
to help settle losses, either when all employee adjusters are busy or when the loss is
technical in nature.
The public adjuster represents the insured and is not compensated by the insurer. They
must be compensated by the insured (the association.) A public adjuster's fee is
typically a percentage of the settlement. A public adjuster is typically called in when the
claim is complex, or is being contested.
The Blown Wind Condominium experienced $100,000 damage during Hurricane Helga.
The building value is $1,000,000 and the wind policy has a 3% deductible. How much
should the Association plan on receiving from Citizens Insurance?
A. $100,000
B. $97,000
C. $30,000
D. $70,000 - Answer- D. $70,000
The deductible is 3% of the building value (0.03x$1,000,000) which is $30,000. The
damage was $100,000 so the association will receive the difference ($100,000-$30,000)
of $70,000.
The two general types of property insurance are _____ and _____.
A. General / Specific
B. General / All Risk
C. Named Peril (Special Form) / All Risk
D. Named Peril (Special Form) / General - Answer- C. Named Peril (Special Form) / All
Risk
,The "named peril" covers all risks specifically named in the policy: fire, theft, etc.
Occurrences not specified or named are not covered. The "all risk" covers anything not
specifically excluded by the policy. All risk policies used to be the norm but are no
longer offered by the industry. They have been replaced by the multi-peril or special
form policy.
Which of the following in regards to hazard insurance applies to a condominium built in
1980?
A. The association must insure the common property and the owners personal property
located inside the unit.
B. The association must insure only the portion of common property located outside the
units.
C. The association must insure the condominium property located outside the units, as
well as the condominium property inside the units as such property was initially
installed.
D. Condominiums built prior to 1985 do not have to be insured. - Answer- C. The
association must insure the condominium property located outside the units, as well as
the condominium property inside the units as such property was initially installed.
Every hazard insurance policy for a condominium building must provide coverage for:
All portions of the condominium property located outside the units;
Property inside the units as such property was initially installed;
All portions of the condominium property for which the declaration of condominium
requires coverage by the association;
All policies written after January 1, 2009 must include coverage for air conditioning and
heating equipment.
Excluded in the above coverage are:
all floor, wall, and ceiling coverings;
electric fixtures, appliances;
water heaters, water filters;
built-in cabinets and countertops;
window treatments, including curtains, drapes, blinds, hardware, and similar window
treatment components.
Association employees who handle funds and the President, Secretary and Treasurer of
the association should be bonded for _____.
A. $10,000 if annual gross receipts do not exceed $100,000
B. $30,000 if annual gross receipts do not exceed $300,000
C. an amount equal to the annual assessments
D. the maximum funds that will be in the custody of the association at any one time -
Answer- D. the maximum funds that will be in the custody of the association at any one
time
,All persons who control or disburse funds of the association plus the president,
secretary and the treasurer to be bonded at the association's expense. The amount of
the bond must cover the maximum funds that will be in the custody of the association or
its management agent at any one time. HOAs may waive this requirement annually by a
majority of the voting interests at a properly called meeting of the association.
The type of insurance that protects members of the Board of Directors except for Fraud,
Ignorance or Lack of Due Caution is called _____.
A. Liability
B. Casualty
C. All Perils
D. Directors and Officers - Answer- D. Directors and Officers
DIRECTORS AND OFFICERS INSURANCE - Provides liability coverage for wrongful
acts by the association, the board, officers, and certain other volunteers, such as
committee members. Coverage is typically written for $1,000,000 and above. D&O
coverage does not cover fraud, ignorance of the law or lack of due caution.
The definition of "public lodging establishment" includes any unit that is regulary rented
for periods of less than _____ days.
A. 15
B. 30
C. 45
D. 60 - Answer- B. 30
Community Associations fall under Chapter 509 if they hold themselves out to the public
as a transitory, for profit, sleeping or housekeeping operation. Any business that
advertises or lets it be known that guests will be accommodated for a period of less than
30 days and be provided sleeping and/or housekeeping units comes under the statute.
Associations operating a public lodging establishment should be aware of Florida
Statute 509 which concerns _____.
A. Elevator operations
B. Fire safety
C. Building codes
D. Swimming pools - Answer- B. Fire safety
Any business that advertises or lets it be known that guests will be accommodated for a
period of less than 30 days and be provided sleeping and/or housekeeping units comes
under the statute. This means they must comply with the regulations for fire safety
under the statute.
Any elevator operator who does not report an accident within _____ days is subject to
an administrative fine of not more than _____ dollars.
A.
B.
, C.
D. - Answer- C.
The Division has the authority to suspend the operation of an elevator for safety
reasons. If you have an accident in your elevator and someone is hurt or killed, you
must file a report of that accident within five days on their form. The fine for not reporting
is up to $1000.
Licensed security guards must _____.
A. hold a Class D driver's license
B. wear a uniform with a patch or emblem that clearly identifies the security company
C. pass a fitness test
D. carry a firearm while on duty - Answer- B. wear a uniform with a patch or emblem
that clearly identifies the security company
Licensed security guards must be in uniform while performing their duties and must
have at least one patch on their uniform that identifies the licensed agency for which
they work. They must also have an identification card in their possession. Only security
officers with both Class D and G licenses may carry firearms.
Owners of public swimming pools must obtain a permit from the _____.
A. County Health Department
B. Department of Health, Division of Environmental Health
C. State Department of Health
D. City and/or County in which located - Answer- A. County Health Department
The Department of Health, Division of Environmental Health and the County Health
Departments oversee swimming pools in the State of Florida. The DOH administers the
program through the County Department of Public Health. All questions regarding
authority and licenses refer to the County Health Department.
Which of the following do not have to be included on the posted Pool Rules sign?
A. Bathing caps must be worn if hair is below shoulder length
B. The hours of operation
C. A requirement to shower before entering the pool
D. No food, drink, or animals in the pool or on the pool deck - Answer- A. Bathing caps
must be worn if hair is below shoulder length
In a minimum of 1" letters, the following rules must be posted and legible from the pool
deck: The pool deck is defined as within four feet of the pool curb.
No food, drink, glass or animals in pool or pool deck.
No glass or animals in fenced pool area (or 50 feet from unfenced pool).
Bathing Load: _________________persons.
Pool hours: _________a.m. to _____________p.m.
Shower before entering.
AND ANSWERS ALL CORRECT
Which of the following insurance claims adjusters would be paid for by the insurance
company?
A. Insurance company employee
B. Public adjuster
C. Independent adjuster
D. Both A and C - Answer- D. Both A and C
Insurance claims are usually settled with the assistance of a claims adjuster. There are
three types of adjusters:
Large insurers often use employees of the insurance company, whose costs are borne
by the insurer.
Independent adjusters are independent contractors employed by insurance companies
to help settle losses, either when all employee adjusters are busy or when the loss is
technical in nature.
The public adjuster represents the insured and is not compensated by the insurer. They
must be compensated by the insured (the association.) A public adjuster's fee is
typically a percentage of the settlement. A public adjuster is typically called in when the
claim is complex, or is being contested.
The Blown Wind Condominium experienced $100,000 damage during Hurricane Helga.
The building value is $1,000,000 and the wind policy has a 3% deductible. How much
should the Association plan on receiving from Citizens Insurance?
A. $100,000
B. $97,000
C. $30,000
D. $70,000 - Answer- D. $70,000
The deductible is 3% of the building value (0.03x$1,000,000) which is $30,000. The
damage was $100,000 so the association will receive the difference ($100,000-$30,000)
of $70,000.
The two general types of property insurance are _____ and _____.
A. General / Specific
B. General / All Risk
C. Named Peril (Special Form) / All Risk
D. Named Peril (Special Form) / General - Answer- C. Named Peril (Special Form) / All
Risk
,The "named peril" covers all risks specifically named in the policy: fire, theft, etc.
Occurrences not specified or named are not covered. The "all risk" covers anything not
specifically excluded by the policy. All risk policies used to be the norm but are no
longer offered by the industry. They have been replaced by the multi-peril or special
form policy.
Which of the following in regards to hazard insurance applies to a condominium built in
1980?
A. The association must insure the common property and the owners personal property
located inside the unit.
B. The association must insure only the portion of common property located outside the
units.
C. The association must insure the condominium property located outside the units, as
well as the condominium property inside the units as such property was initially
installed.
D. Condominiums built prior to 1985 do not have to be insured. - Answer- C. The
association must insure the condominium property located outside the units, as well as
the condominium property inside the units as such property was initially installed.
Every hazard insurance policy for a condominium building must provide coverage for:
All portions of the condominium property located outside the units;
Property inside the units as such property was initially installed;
All portions of the condominium property for which the declaration of condominium
requires coverage by the association;
All policies written after January 1, 2009 must include coverage for air conditioning and
heating equipment.
Excluded in the above coverage are:
all floor, wall, and ceiling coverings;
electric fixtures, appliances;
water heaters, water filters;
built-in cabinets and countertops;
window treatments, including curtains, drapes, blinds, hardware, and similar window
treatment components.
Association employees who handle funds and the President, Secretary and Treasurer of
the association should be bonded for _____.
A. $10,000 if annual gross receipts do not exceed $100,000
B. $30,000 if annual gross receipts do not exceed $300,000
C. an amount equal to the annual assessments
D. the maximum funds that will be in the custody of the association at any one time -
Answer- D. the maximum funds that will be in the custody of the association at any one
time
,All persons who control or disburse funds of the association plus the president,
secretary and the treasurer to be bonded at the association's expense. The amount of
the bond must cover the maximum funds that will be in the custody of the association or
its management agent at any one time. HOAs may waive this requirement annually by a
majority of the voting interests at a properly called meeting of the association.
The type of insurance that protects members of the Board of Directors except for Fraud,
Ignorance or Lack of Due Caution is called _____.
A. Liability
B. Casualty
C. All Perils
D. Directors and Officers - Answer- D. Directors and Officers
DIRECTORS AND OFFICERS INSURANCE - Provides liability coverage for wrongful
acts by the association, the board, officers, and certain other volunteers, such as
committee members. Coverage is typically written for $1,000,000 and above. D&O
coverage does not cover fraud, ignorance of the law or lack of due caution.
The definition of "public lodging establishment" includes any unit that is regulary rented
for periods of less than _____ days.
A. 15
B. 30
C. 45
D. 60 - Answer- B. 30
Community Associations fall under Chapter 509 if they hold themselves out to the public
as a transitory, for profit, sleeping or housekeeping operation. Any business that
advertises or lets it be known that guests will be accommodated for a period of less than
30 days and be provided sleeping and/or housekeeping units comes under the statute.
Associations operating a public lodging establishment should be aware of Florida
Statute 509 which concerns _____.
A. Elevator operations
B. Fire safety
C. Building codes
D. Swimming pools - Answer- B. Fire safety
Any business that advertises or lets it be known that guests will be accommodated for a
period of less than 30 days and be provided sleeping and/or housekeeping units comes
under the statute. This means they must comply with the regulations for fire safety
under the statute.
Any elevator operator who does not report an accident within _____ days is subject to
an administrative fine of not more than _____ dollars.
A.
B.
, C.
D. - Answer- C.
The Division has the authority to suspend the operation of an elevator for safety
reasons. If you have an accident in your elevator and someone is hurt or killed, you
must file a report of that accident within five days on their form. The fine for not reporting
is up to $1000.
Licensed security guards must _____.
A. hold a Class D driver's license
B. wear a uniform with a patch or emblem that clearly identifies the security company
C. pass a fitness test
D. carry a firearm while on duty - Answer- B. wear a uniform with a patch or emblem
that clearly identifies the security company
Licensed security guards must be in uniform while performing their duties and must
have at least one patch on their uniform that identifies the licensed agency for which
they work. They must also have an identification card in their possession. Only security
officers with both Class D and G licenses may carry firearms.
Owners of public swimming pools must obtain a permit from the _____.
A. County Health Department
B. Department of Health, Division of Environmental Health
C. State Department of Health
D. City and/or County in which located - Answer- A. County Health Department
The Department of Health, Division of Environmental Health and the County Health
Departments oversee swimming pools in the State of Florida. The DOH administers the
program through the County Department of Public Health. All questions regarding
authority and licenses refer to the County Health Department.
Which of the following do not have to be included on the posted Pool Rules sign?
A. Bathing caps must be worn if hair is below shoulder length
B. The hours of operation
C. A requirement to shower before entering the pool
D. No food, drink, or animals in the pool or on the pool deck - Answer- A. Bathing caps
must be worn if hair is below shoulder length
In a minimum of 1" letters, the following rules must be posted and legible from the pool
deck: The pool deck is defined as within four feet of the pool curb.
No food, drink, glass or animals in pool or pool deck.
No glass or animals in fenced pool area (or 50 feet from unfenced pool).
Bathing Load: _________________persons.
Pool hours: _________a.m. to _____________p.m.
Shower before entering.
