Florida Claims Adjuster Exam (Actual
Exam) 100% Correct Answers (Best
Studying Material) (Updated 2023)
(Recent Version)
The following are basic characteristics of a property or liability insurance contract,
except:
A. Personal Contract
B. Conditional Contract
C. Loss of Settlement Contract
D. Contract of Adhesion -------- Correct Answer -------- Loss of Settlement Contract
The Insurer's responsibility to pay for a property loss may be conditioned on the insured
having used reasonable means to avoid the loss, to protect the property against further
loss, and to give the insurer proof of the loss is defined as?
A. Conditional Contract
B. Adhesion Contract
C. Indemnity Contract
D. All of the Above -------- Correct Answer -------- Conditional Contract
"may be conditioned"
If financial responsibility doesn't exist at the time of an accident, which of the following
things must happen to avoid penalties?
A. The legally valid claims of others must be satisfied (up to 10/20/10)
B. The owner and operator must provide certification of future responsibility for future
accidents
C. Both A & B
D. None of the Above -------- Correct Answer -------- C. Both A & B
A lender has an insurable interest in a home and finds protection in the:
A. Loss Payee Clause
B. Mortgagee Clause
C. Lender Clause
D. Additional Insured Clause -------- Correct Answer -------- B. Mortgagee Clause
Mortgagee - Homeowner's policy
Loss Payee - Automobile policy
Which of the following forms is "all-risk" on the dwelling policy?
A. DP-1, or the Basic Form
B. DP-2, or the Broad
C. DP-3, or the Special Form
D. None of the Above -------- Correct Answer -------- C. DP-3, or the Special Form
, Which of the following is not covered under Coverage C, Personal Property?
A. A fire breaks out in the residence and an overnight guest loses his clothes in the fire
B. A fish dies because he has been left alone for a week without food
C. The insureds daughters tennis racket is stolen from her locker
D. The insureds suitcase and clothing, valued at $1,500, are stolen from his hotel --------
Correct Answer -------- B. A fish dies because he has been left alone for a week without
food
Animals are listed as an "exclusion" under a Homeowner's policy.
Which of the following are characteristics of Homeowner's Insurance?
A. Protects against economic loss to residences and household property and legal
liabilities
B. Owner-occupants of 1-4 family dwellings
C. Renters who maintain residential occupancy in any type of building
D. All of the Above -------- Correct Answer -------- D. All of the Above
Also included: personal, non-business risk, no more than 2 roomers/boarders,
condominium unit owners and cooperative apartment occupants
An insured who wishes to purchase flood insurance, but is located in a moderate or low
risk flood zone may do so by purchasing a:
A. Preferred Risk Flood Policy
B. Standard Flood Policy
C. Universal Flood Insurance
D. None of the Above -------- Correct Answer -------- A. Preferred Risk Flood Policy
Although Flood Insurance is provided by the Federal Government, those who are not in
a "flood zone" may purchase a preferred risk policy to cover them for a flood claim.
Used only for Commercial Condominiums, it covers the unit-owners business personal
property and the personal property of others in the insured's care, custody or control:
A. Condominium Dwelling Form
B. Personal Condominium Unit Owners Form
C. Condominium Unit Owners Form
D. None of the Above -------- Correct Answer -------- C. Condominium Unit Owners Form
Does not cover buildings since coverage would typically be provided under the Condo
Association coverage form issued.
The Commercial Property Contract includes all of the following, except:
A. Common Policy Conditions
B. Commercial Property Conditions
C. Coverage Form
D. Commercial Loss Schedule -------- Correct Answer -------- Commercial Loss Schedule
Also included: Declarations, Causes of Loss Form, Endorsements
Exam) 100% Correct Answers (Best
Studying Material) (Updated 2023)
(Recent Version)
The following are basic characteristics of a property or liability insurance contract,
except:
A. Personal Contract
B. Conditional Contract
C. Loss of Settlement Contract
D. Contract of Adhesion -------- Correct Answer -------- Loss of Settlement Contract
The Insurer's responsibility to pay for a property loss may be conditioned on the insured
having used reasonable means to avoid the loss, to protect the property against further
loss, and to give the insurer proof of the loss is defined as?
A. Conditional Contract
B. Adhesion Contract
C. Indemnity Contract
D. All of the Above -------- Correct Answer -------- Conditional Contract
"may be conditioned"
If financial responsibility doesn't exist at the time of an accident, which of the following
things must happen to avoid penalties?
A. The legally valid claims of others must be satisfied (up to 10/20/10)
B. The owner and operator must provide certification of future responsibility for future
accidents
C. Both A & B
D. None of the Above -------- Correct Answer -------- C. Both A & B
A lender has an insurable interest in a home and finds protection in the:
A. Loss Payee Clause
B. Mortgagee Clause
C. Lender Clause
D. Additional Insured Clause -------- Correct Answer -------- B. Mortgagee Clause
Mortgagee - Homeowner's policy
Loss Payee - Automobile policy
Which of the following forms is "all-risk" on the dwelling policy?
A. DP-1, or the Basic Form
B. DP-2, or the Broad
C. DP-3, or the Special Form
D. None of the Above -------- Correct Answer -------- C. DP-3, or the Special Form
, Which of the following is not covered under Coverage C, Personal Property?
A. A fire breaks out in the residence and an overnight guest loses his clothes in the fire
B. A fish dies because he has been left alone for a week without food
C. The insureds daughters tennis racket is stolen from her locker
D. The insureds suitcase and clothing, valued at $1,500, are stolen from his hotel --------
Correct Answer -------- B. A fish dies because he has been left alone for a week without
food
Animals are listed as an "exclusion" under a Homeowner's policy.
Which of the following are characteristics of Homeowner's Insurance?
A. Protects against economic loss to residences and household property and legal
liabilities
B. Owner-occupants of 1-4 family dwellings
C. Renters who maintain residential occupancy in any type of building
D. All of the Above -------- Correct Answer -------- D. All of the Above
Also included: personal, non-business risk, no more than 2 roomers/boarders,
condominium unit owners and cooperative apartment occupants
An insured who wishes to purchase flood insurance, but is located in a moderate or low
risk flood zone may do so by purchasing a:
A. Preferred Risk Flood Policy
B. Standard Flood Policy
C. Universal Flood Insurance
D. None of the Above -------- Correct Answer -------- A. Preferred Risk Flood Policy
Although Flood Insurance is provided by the Federal Government, those who are not in
a "flood zone" may purchase a preferred risk policy to cover them for a flood claim.
Used only for Commercial Condominiums, it covers the unit-owners business personal
property and the personal property of others in the insured's care, custody or control:
A. Condominium Dwelling Form
B. Personal Condominium Unit Owners Form
C. Condominium Unit Owners Form
D. None of the Above -------- Correct Answer -------- C. Condominium Unit Owners Form
Does not cover buildings since coverage would typically be provided under the Condo
Association coverage form issued.
The Commercial Property Contract includes all of the following, except:
A. Common Policy Conditions
B. Commercial Property Conditions
C. Coverage Form
D. Commercial Loss Schedule -------- Correct Answer -------- Commercial Loss Schedule
Also included: Declarations, Causes of Loss Form, Endorsements
