Florida Claims Adjuster Exam
Florida Claims Adjuster Exam
1.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:
A. The first mortgagee, ABC
B. The Insured
C. Jointly to ABC and XYZ
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
is up to the additional interests on working out their share.
2.Insurance applies separately to each insured as if other insureds did
not exist. This is defined as:
A. Severability
B. Conditional
C. Warranty
D. None of the above: A. Severability
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3.Property insurance policies usually contain a(n) clause,
stating the insured cannot dump damaged property on the insurer and
demand its full value:
A. Pro Rata
B. Abandonment
C. Liberalization
D. All of the above: B. Abandonment
4.A(n) is one wherein economic loss would be suffered from
an adverse happening to the subject:
A. Conditional Contract
B. Personal Contract
C. Economic Contract
D. Insurable Interest: D. Insurable Interest
5.States that if the insurer adopts a revision which would broaden
coverage 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 broadened coverage.
A. Cancellation Clause
B. Policy Period
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C. Pro Rata
D. Liberalization: D.
Liberalization The time frame
is typically 60 days.
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6.The states that when there is an unbroken connection
between an occurrence and damage that grows out of the occurrence, then
the resul- tant damage is all a part of the occurrence.
A. Doctrine of Proximate Cause
B. Doctrine of Perils & Hazards
C. Insurance Policy Handbook
D. Doctrine of Property Insurance: 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.
7.The Loss Settlement Valuation that subtracts an allowance for
depreciation is defined as?
A. Actual Cash Value
B. Replacement Cost
C. "Old for New"
D. None of the Above: A. Actual Cash Value
8.A policy condition, either based on information in the insured's
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Florida Claims Adjuster Exam
1.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:
A. The first mortgagee, ABC
B. The Insured
C. Jointly to ABC and XYZ
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
is up to the additional interests on working out their share.
2.Insurance applies separately to each insured as if other insureds did
not exist. This is defined as:
A. Severability
B. Conditional
C. Warranty
D. None of the above: A. Severability
1/
101
, Florida Claims Adjuster Exam
3.Property insurance policies usually contain a(n) clause,
stating the insured cannot dump damaged property on the insurer and
demand its full value:
A. Pro Rata
B. Abandonment
C. Liberalization
D. All of the above: B. Abandonment
4.A(n) is one wherein economic loss would be suffered from
an adverse happening to the subject:
A. Conditional Contract
B. Personal Contract
C. Economic Contract
D. Insurable Interest: D. Insurable Interest
5.States that if the insurer adopts a revision which would broaden
coverage 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 broadened coverage.
A. Cancellation Clause
B. Policy Period
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101
, Florida Claims Adjuster Exam
C. Pro Rata
D. Liberalization: D.
Liberalization The time frame
is typically 60 days.
3/
101
, Florida Claims Adjuster Exam
6.The states that when there is an unbroken connection
between an occurrence and damage that grows out of the occurrence, then
the resul- tant damage is all a part of the occurrence.
A. Doctrine of Proximate Cause
B. Doctrine of Perils & Hazards
C. Insurance Policy Handbook
D. Doctrine of Property Insurance: 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.
7.The Loss Settlement Valuation that subtracts an allowance for
depreciation is defined as?
A. Actual Cash Value
B. Replacement Cost
C. "Old for New"
D. None of the Above: A. Actual Cash Value
8.A policy condition, either based on information in the insured's
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