FLORIDA 3 20 PUBLIC ADJUSTER
EXAMINATION SET 2026 COMPLETE
QUESTIONS AND ANSWERS
◉ Economic loss that arises as a consequence of the direct or
physical loss.
Answer: indirect loss
◉ A statement made regarding the extent of the claim, it may be
requested in accordance with the conditions of the policy.
Answer: Proof of loss
◉ Tangible property other than the products or work produced.
Answer: impaired property
◉ Works upon the principal that the more times an event is
repeated, the more predictable the outcome of a specific event.
Answer: Law of Large Numbers
◉ To access the eligibility of a customer to receive their products,
decide how much coverage the client should receive, and how much
they should pay for it..
, Answer: Underwriting
◉ Actual cost of replacing property due to a covered peril with
property of like kind and quality without depreciation.
Answer: replacement cost
◉ Exaggerating an otherwise legitimate claim for profit.
Answer: Soft Fraud
◉ Unincorporated association of members in which each member
insures the other members.
Answer: Reciprocal insurance exchange
◉ An Agreement and.
Answer: Policy
◉ An ongoing assurance made by one party to another that certain
facts :.
Answer: Warranty
◉ Method whereby the insurer pays the amount of each claim for
each risk up to a limit determined in advance, and the re-insurer
pays the amount of the claim above that specified limit.
EXAMINATION SET 2026 COMPLETE
QUESTIONS AND ANSWERS
◉ Economic loss that arises as a consequence of the direct or
physical loss.
Answer: indirect loss
◉ A statement made regarding the extent of the claim, it may be
requested in accordance with the conditions of the policy.
Answer: Proof of loss
◉ Tangible property other than the products or work produced.
Answer: impaired property
◉ Works upon the principal that the more times an event is
repeated, the more predictable the outcome of a specific event.
Answer: Law of Large Numbers
◉ To access the eligibility of a customer to receive their products,
decide how much coverage the client should receive, and how much
they should pay for it..
, Answer: Underwriting
◉ Actual cost of replacing property due to a covered peril with
property of like kind and quality without depreciation.
Answer: replacement cost
◉ Exaggerating an otherwise legitimate claim for profit.
Answer: Soft Fraud
◉ Unincorporated association of members in which each member
insures the other members.
Answer: Reciprocal insurance exchange
◉ An Agreement and.
Answer: Policy
◉ An ongoing assurance made by one party to another that certain
facts :.
Answer: Warranty
◉ Method whereby the insurer pays the amount of each claim for
each risk up to a limit determined in advance, and the re-insurer
pays the amount of the claim above that specified limit.
