FLORIDA CLAIMS ADJUSTER EXAM –3 100%
1. This optional provision states that if the insured becomes totally
disabled, premiums are waived but the coverage remains in force:
B. Waiver of Premium: B. Waiver of Premium
"premiums are waived"
2. Frank owned a home that was destroyed by a hurricane. Both ABC and
XYZ Banks were listed as additional interests on his homeowner policy.
The insurance company will make a payment to:
D. All listed interests: D. All listed interests
Remember that the insurer is not responsible to know the degrees of
interest. In the event of a loss, one payment is made by the insurer
and it is up to the additional interests on working out their share.
3. Insurance applies *separately* to each insured as if other insureds did
not exist. This is defined as:
A. Severability: A. Severability
4. Property
insurance policies usually contain a(n) clause, stat-
ing the insured cannot *dump damaged property* on the insurer and
demand its full value:
B. Abandonment: B. Abandonment
5. A(n) is one wherein economic loss would be
suffered from an adverse happening to the subject:
D. Insurable Interest: D. Insurable Interest
6. States that if the insurer adopts a revision which would *broaden*
cover- age without additional premium within some period of time prior to
the policy period or during the policy period, the insured receives the
benefit of such
1/
, FLORIDA CLAIMS ADJUSTER EXAM –3 100%
*broadened* coverage.
2/
, Florida Claims Adjuster Exam - 3
D. Liberalization: D.
Liberalization The time frame
is typically 60 days.
7. The states that when there is an unbroken connection
be- tween an occurrence and damage that *grows* out of the occurrence,
then the resultant damage is all a part of the occurrence.
A. Doctrine of Proximate Cause: A. Doctrine of Proximate Cause
For example, if a property insurance policy covers the peril of fire but
further damage is caused by smoke, water used to extinguish, and the
process of moving property away - fire is considered to be the
*proximate cause* of all of the damage.
8. The Loss Settlement Valuation that subtracts an allowance for
deprecia- tion is defined as?
A. Actual Cash Value: A. Actual Cash Value
9. *A policy condition,* either based on information in the insured's
applica- tion or inserted by the insurer, is defined as:
A. Warranty: A. Warranty
10. The following are basic characteristics of a property or liability
insurance contract, except:
C. Loss of Settlement Contract: C. Loss of Settlement Contract
11. The Insurer's responsibility to pay for a property loss *may be condi-
tioned* 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: A. Conditional
Contract "may be conditioned"
12. Which of the following is not one of the "Thresholds" in the "No-
Fault" law?
, Florida Claims Adjuster Exam - 3
B. Temporary Injury of the Insured: B. Temporary Injury of the Insured
1. This optional provision states that if the insured becomes totally
disabled, premiums are waived but the coverage remains in force:
B. Waiver of Premium: B. Waiver of Premium
"premiums are waived"
2. Frank owned a home that was destroyed by a hurricane. Both ABC and
XYZ Banks were listed as additional interests on his homeowner policy.
The insurance company will make a payment to:
D. All listed interests: D. All listed interests
Remember that the insurer is not responsible to know the degrees of
interest. In the event of a loss, one payment is made by the insurer
and it is up to the additional interests on working out their share.
3. Insurance applies *separately* to each insured as if other insureds did
not exist. This is defined as:
A. Severability: A. Severability
4. Property
insurance policies usually contain a(n) clause, stat-
ing the insured cannot *dump damaged property* on the insurer and
demand its full value:
B. Abandonment: B. Abandonment
5. A(n) is one wherein economic loss would be
suffered from an adverse happening to the subject:
D. Insurable Interest: D. Insurable Interest
6. States that if the insurer adopts a revision which would *broaden*
cover- age without additional premium within some period of time prior to
the policy period or during the policy period, the insured receives the
benefit of such
1/
, FLORIDA CLAIMS ADJUSTER EXAM –3 100%
*broadened* coverage.
2/
, Florida Claims Adjuster Exam - 3
D. Liberalization: D.
Liberalization The time frame
is typically 60 days.
7. The states that when there is an unbroken connection
be- tween an occurrence and damage that *grows* out of the occurrence,
then the resultant damage is all a part of the occurrence.
A. Doctrine of Proximate Cause: A. Doctrine of Proximate Cause
For example, if a property insurance policy covers the peril of fire but
further damage is caused by smoke, water used to extinguish, and the
process of moving property away - fire is considered to be the
*proximate cause* of all of the damage.
8. The Loss Settlement Valuation that subtracts an allowance for
deprecia- tion is defined as?
A. Actual Cash Value: A. Actual Cash Value
9. *A policy condition,* either based on information in the insured's
applica- tion or inserted by the insurer, is defined as:
A. Warranty: A. Warranty
10. The following are basic characteristics of a property or liability
insurance contract, except:
C. Loss of Settlement Contract: C. Loss of Settlement Contract
11. The Insurer's responsibility to pay for a property loss *may be condi-
tioned* 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: A. Conditional
Contract "may be conditioned"
12. Which of the following is not one of the "Thresholds" in the "No-
Fault" law?
, Florida Claims Adjuster Exam - 3
B. Temporary Injury of the Insured: B. Temporary Injury of the Insured
