Florida Test Study Guide - Public Adjusting
3-20 (Set 1)| 92 QUESTIONS| 8 PAGES
Those who are eligible for coverage under the Florida Automobile Joint Underwriting
Association are? Correct Answer: Military Personnel
A non-resident owning an automobile in Florida
A non-resident subject to Florida no-fault law
A forcible entry into locked premises and the carrying away of the property of others is a
definition of: Correct Answer: Burglary
The inland marine coverage form that covers clothing, cameras and other portable property worn
and carried by tourists and travelers is a: Correct Answer: Personal effects floater
A residual market to alleviate the temporary unavailability of property insurance coverage in
significant portions of Florida (e.g. homeowners face non-renewal or cancellations) Correct
Answer: Residential Property & Casualty Joint Underwriting Association for property owners.
What does the property insurance term "improvements and betterment" apply to? Correct
Answer: Real Property
The penalty imposed upon a Florida licensee who violates a cease and desists order issued by the
CFO: Correct Answer: $50,000 Fine
What is amount is personal property used for business purposes, under a Homeowners policy
covered up to Correct Answer: up to $2500 on premises
up to $1500 off premises
If a replacement costs exists, but the insured has a policy for only 50% of the replacement cost,
what percentage will the insured received for the loss? Correct Answer: 50% of the settlement
amount
A statement that is believed to be true when made, which my prove to be false. Correct Answer:
Representation
A statement that is guaranteed to be correct: Correct Answer: Warranty
When can an insured cancel his/her policy? Correct Answer: At any time.
In Florida, how many days in advance of a premium due date must an auto insurer provide notice
of renewal to an insured? Correct Answer: 30 days written notice
What deductibles are subject to any aircraft physical damages that differ according to
circumstances surrounding a given loss? Correct Answer: In-flight Ded (greatest amount)
, Not-in-Motion (least amount)
They apply independently based on the actual loss
Uninsured Motorist's Coverage form, the insured can request: Correct Answer: Non-stacked
Coverage
Stacked Coverage
UM coverage at the limits lower than those that apply for liability coverage
If a mortgage is acknowledged in the policy and the insured concealed the fact that a hazard
exists to the insurance company, would the mortgage have a right to recover its full loan value?
Correct Answer: Yes
Under Florida Comparative Negligence law how much would one be able to recover if they were
found 25% at fault? Correct Answer: 75% (the difference)
If a claimant is under the influence of drugs and/or alcohol and is found to be 50% or more at
fault, how much can they recover? Correct Answer: $0.00
A commercial property coverage part includes: Correct Answer: Common policy conditions
Commercial property declarations
One or more causes of loss forms
When an insurance adjuster advises an insured to misrepresent the claim by suggesting how to
report a claim, the adjuster should be charged with: Correct Answer: Unfair Claims Act
The "outside premises" policy insuring agreement covers: Correct Answer: Loss of money and
securities and other property outside the premises.
The insurer cannot prevent a public adjuster from meeting with their client after: Correct
Answer: the insurer has been notified of the existence of a contract
DP-1 is basic Dwelling Coverage. What is the only water damaged covered under this form?
Correct Answer: Damage caused by water used to extinguish a fire
In Florida, any policy that contains a separate hurricane deductible must include: Correct
Answer: the actual dollar value, bold print and notice of high-out-of pocket expense to you
Coverages included under a commercial packaged policy (CPP): Correct Answer: Farm
Coverage
Commercial Crime Coverage
Commercial GL
Commercial Property
Commercial Auto
Commercial Inland Marine
Boiler and Machinery
Professional Liability
3-20 (Set 1)| 92 QUESTIONS| 8 PAGES
Those who are eligible for coverage under the Florida Automobile Joint Underwriting
Association are? Correct Answer: Military Personnel
A non-resident owning an automobile in Florida
A non-resident subject to Florida no-fault law
A forcible entry into locked premises and the carrying away of the property of others is a
definition of: Correct Answer: Burglary
The inland marine coverage form that covers clothing, cameras and other portable property worn
and carried by tourists and travelers is a: Correct Answer: Personal effects floater
A residual market to alleviate the temporary unavailability of property insurance coverage in
significant portions of Florida (e.g. homeowners face non-renewal or cancellations) Correct
Answer: Residential Property & Casualty Joint Underwriting Association for property owners.
What does the property insurance term "improvements and betterment" apply to? Correct
Answer: Real Property
The penalty imposed upon a Florida licensee who violates a cease and desists order issued by the
CFO: Correct Answer: $50,000 Fine
What is amount is personal property used for business purposes, under a Homeowners policy
covered up to Correct Answer: up to $2500 on premises
up to $1500 off premises
If a replacement costs exists, but the insured has a policy for only 50% of the replacement cost,
what percentage will the insured received for the loss? Correct Answer: 50% of the settlement
amount
A statement that is believed to be true when made, which my prove to be false. Correct Answer:
Representation
A statement that is guaranteed to be correct: Correct Answer: Warranty
When can an insured cancel his/her policy? Correct Answer: At any time.
In Florida, how many days in advance of a premium due date must an auto insurer provide notice
of renewal to an insured? Correct Answer: 30 days written notice
What deductibles are subject to any aircraft physical damages that differ according to
circumstances surrounding a given loss? Correct Answer: In-flight Ded (greatest amount)
, Not-in-Motion (least amount)
They apply independently based on the actual loss
Uninsured Motorist's Coverage form, the insured can request: Correct Answer: Non-stacked
Coverage
Stacked Coverage
UM coverage at the limits lower than those that apply for liability coverage
If a mortgage is acknowledged in the policy and the insured concealed the fact that a hazard
exists to the insurance company, would the mortgage have a right to recover its full loan value?
Correct Answer: Yes
Under Florida Comparative Negligence law how much would one be able to recover if they were
found 25% at fault? Correct Answer: 75% (the difference)
If a claimant is under the influence of drugs and/or alcohol and is found to be 50% or more at
fault, how much can they recover? Correct Answer: $0.00
A commercial property coverage part includes: Correct Answer: Common policy conditions
Commercial property declarations
One or more causes of loss forms
When an insurance adjuster advises an insured to misrepresent the claim by suggesting how to
report a claim, the adjuster should be charged with: Correct Answer: Unfair Claims Act
The "outside premises" policy insuring agreement covers: Correct Answer: Loss of money and
securities and other property outside the premises.
The insurer cannot prevent a public adjuster from meeting with their client after: Correct
Answer: the insurer has been notified of the existence of a contract
DP-1 is basic Dwelling Coverage. What is the only water damaged covered under this form?
Correct Answer: Damage caused by water used to extinguish a fire
In Florida, any policy that contains a separate hurricane deductible must include: Correct
Answer: the actual dollar value, bold print and notice of high-out-of pocket expense to you
Coverages included under a commercial packaged policy (CPP): Correct Answer: Farm
Coverage
Commercial Crime Coverage
Commercial GL
Commercial Property
Commercial Auto
Commercial Inland Marine
Boiler and Machinery
Professional Liability
