©GRACEAMELIA 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED
FIRST PUBLISH OCTOBER 2024
Florida Adjuster Licensing Practice Exam Practice
Questions and Answers
A claim in the property/casualty industry Is defined as: - Ans:✔✔-an assertion of an alleged legal right
against a person, entity, company or insurer that carries with it a demand for money as compensation for
injuries or damages
when you purchase insurance, you are buying: - Ans:✔✔-peace of mind that if an insured event does
occur, that the insurance company will keep its promise and provide the financial protection that you
purchased
in today's society, the most important factor in the purchase of insurance is: - Ans:✔✔-trust
One of the most important claim handling goals of an insurance company is: - Ans:✔✔-to help those
who have been injured or who have suffered loss for which the insured is responsible, while at the same
time minimizing loss for the insured party and carrier
what is the primary difference between a company employee adjuster and an independent adjuster -
Ans:✔✔-a company employee adjuster works for an insurance company and an independent adjuster
works independently for themselves or for adjusting firms who represent many clients
Page 1/5
, ©GRACEAMELIA 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED
FIRST PUBLISH OCTOBER 2024
an adjuster's responsibility as a fiduciary means: - Ans:✔✔-the adjuster represents, and controls, the
property and financial interests of the client to whom he/she owes a high degree of loyalty and good
faith
the basic and primary functions of an adjuster are: - Ans:✔✔-investigating, evaluating, reporting,
negotiating and disposing of claims
once an adjuster is licensed, he or she must maintain a continuing education requirement. What is that
adjuster's compliance requirement in order to retain a license? - Ans:✔✔-an adjuster must complete 24
hours of continuing education in every 2 year compliance period, of which 5 hours must be taken in a
properly certified 5 hour law and ethics update course
the adjuster's code of ethics starts with a basic premise which states: - Ans:✔✔-the work of adjusting
engages the public trust
Which of the following would NOT be a preferred claims practice or behavior under FL Unfair Insurance
Trade Practices Act? - Ans:✔✔-Not responding to an insured calls because you haven't made up your
mind
what are the four critical elements of a contract? - Ans:✔✔-1. agreement to terms (must understand
what is given and received)
2. adequate consideration for the promises made
3. legal capacity of the parties to contract
Page 2/5
FIRST PUBLISH OCTOBER 2024
Florida Adjuster Licensing Practice Exam Practice
Questions and Answers
A claim in the property/casualty industry Is defined as: - Ans:✔✔-an assertion of an alleged legal right
against a person, entity, company or insurer that carries with it a demand for money as compensation for
injuries or damages
when you purchase insurance, you are buying: - Ans:✔✔-peace of mind that if an insured event does
occur, that the insurance company will keep its promise and provide the financial protection that you
purchased
in today's society, the most important factor in the purchase of insurance is: - Ans:✔✔-trust
One of the most important claim handling goals of an insurance company is: - Ans:✔✔-to help those
who have been injured or who have suffered loss for which the insured is responsible, while at the same
time minimizing loss for the insured party and carrier
what is the primary difference between a company employee adjuster and an independent adjuster -
Ans:✔✔-a company employee adjuster works for an insurance company and an independent adjuster
works independently for themselves or for adjusting firms who represent many clients
Page 1/5
, ©GRACEAMELIA 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED
FIRST PUBLISH OCTOBER 2024
an adjuster's responsibility as a fiduciary means: - Ans:✔✔-the adjuster represents, and controls, the
property and financial interests of the client to whom he/she owes a high degree of loyalty and good
faith
the basic and primary functions of an adjuster are: - Ans:✔✔-investigating, evaluating, reporting,
negotiating and disposing of claims
once an adjuster is licensed, he or she must maintain a continuing education requirement. What is that
adjuster's compliance requirement in order to retain a license? - Ans:✔✔-an adjuster must complete 24
hours of continuing education in every 2 year compliance period, of which 5 hours must be taken in a
properly certified 5 hour law and ethics update course
the adjuster's code of ethics starts with a basic premise which states: - Ans:✔✔-the work of adjusting
engages the public trust
Which of the following would NOT be a preferred claims practice or behavior under FL Unfair Insurance
Trade Practices Act? - Ans:✔✔-Not responding to an insured calls because you haven't made up your
mind
what are the four critical elements of a contract? - Ans:✔✔-1. agreement to terms (must understand
what is given and received)
2. adequate consideration for the promises made
3. legal capacity of the parties to contract
Page 2/5
