FLORIDA 3 20 PUBLIC ADJUSTERS STATE EXAM
SCRIPT 140 2026 FULL SOLUTIONS AND
CORRECT ANSWERS ALREADY PASSED
◉ Operate for profit, collect premiums, reserve a portion of
premiums to pay claims. Answer: Commercial Insurers
◉ Any person who investigates or adjusts losses on behalf of either
an insurer or a self-insured. Answer: Independent Adjuster
◉ The result of an insured's tort or wrongdoing. Consequences of a
loss or amount or type of losses suffered. Answer: Damages
◉ Requires the insured to insure the named property for a specific
amount of insurance as required by the insurance company. Answer:
Agreed Value
◉ 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
◉ The entity that is the "recipient" to the Principal. Answer: Obligee
,◉ Insurance contracts are written on a take it or leave it basis to the
policy owner.. Answer: Adhesion
◉ Event or circumstance that causes damage. Answer: Occurance
◉ Coverage provides for payment of losses if civil authority denies
access to the insured premises due to a covered peril. Answer: Civil
Authority
◉ Voluntary relinquishment of a known legal right. Answer: Waiver
◉ An insurer domiciled outside the state where it writes insurance.
Answer: Foreign
◉ A state officer who administers the state's insurance laws and
regulations. Answer: Commissioner
◉ Used as a promise to accept a bid if awarded to a company.
Answer: Bid bond
◉ Damaged property an insurer takes over to reduce their loss after
paying a claim. Answer: Salvage
, ◉ Factual statements upon which an insurance policy is based.
Answer: Representations
◉ A contract between two parties that offer the consumer little to no
leeway to negotiate the terms of the contract. Answer: Contract of
adhesion
◉ Publication in any media by the insured about goods or services.
Answer: Advertisements
◉ Also known as Absolute Liability, based on the theory of the duty
of making something sage that is inherently dangerous. Answer:
Strict Torts
◉ A house, structure, also referred to as a "primary risk". Answer:
Dwelling
◉ Condition enforced by the courts to do something bound under
law or in a contract. Answer: Strict Torts
◉ Amount of loss paid by the policy holder. Answer: Deductible
SCRIPT 140 2026 FULL SOLUTIONS AND
CORRECT ANSWERS ALREADY PASSED
◉ Operate for profit, collect premiums, reserve a portion of
premiums to pay claims. Answer: Commercial Insurers
◉ Any person who investigates or adjusts losses on behalf of either
an insurer or a self-insured. Answer: Independent Adjuster
◉ The result of an insured's tort or wrongdoing. Consequences of a
loss or amount or type of losses suffered. Answer: Damages
◉ Requires the insured to insure the named property for a specific
amount of insurance as required by the insurance company. Answer:
Agreed Value
◉ 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
◉ The entity that is the "recipient" to the Principal. Answer: Obligee
,◉ Insurance contracts are written on a take it or leave it basis to the
policy owner.. Answer: Adhesion
◉ Event or circumstance that causes damage. Answer: Occurance
◉ Coverage provides for payment of losses if civil authority denies
access to the insured premises due to a covered peril. Answer: Civil
Authority
◉ Voluntary relinquishment of a known legal right. Answer: Waiver
◉ An insurer domiciled outside the state where it writes insurance.
Answer: Foreign
◉ A state officer who administers the state's insurance laws and
regulations. Answer: Commissioner
◉ Used as a promise to accept a bid if awarded to a company.
Answer: Bid bond
◉ Damaged property an insurer takes over to reduce their loss after
paying a claim. Answer: Salvage
, ◉ Factual statements upon which an insurance policy is based.
Answer: Representations
◉ A contract between two parties that offer the consumer little to no
leeway to negotiate the terms of the contract. Answer: Contract of
adhesion
◉ Publication in any media by the insured about goods or services.
Answer: Advertisements
◉ Also known as Absolute Liability, based on the theory of the duty
of making something sage that is inherently dangerous. Answer:
Strict Torts
◉ A house, structure, also referred to as a "primary risk". Answer:
Dwelling
◉ Condition enforced by the courts to do something bound under
law or in a contract. Answer: Strict Torts
◉ Amount of loss paid by the policy holder. Answer: Deductible
