Florida Test Study Guide - Public Adjusting 3-20 (Set
1) Questions And ANSWERS
Those who are eligible for coverage under the Florida Automobile Joint Underwriting Association are? -
yi yi yi yi yi yi yi yi yi yi yi yi yi yi
(correct answer) -Military Personnel
yi yi yi yi yi
A non-resident owning an automobile in Florida
yi yi yi yi yi yi
A non-resident subject to Florida no-fault law
yi yi yi yi yi yi
A forcible entry into locked premises and the carrying away of the property of others is a definition of: -
yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi
(correct answer) -Burglary
yi yi yi
The inland marine coverage form that covers clothing, cameras and other portable property worn and
yi yi yi yi yi yi yi yi yi yi yi yi yi yi
carried by tourists and travelers is a: - (correct answer) -Personal effects floater
yi yi yi yi yi yi yi yi yi yi yi yi yi
A residual market to alleviate the temporary unavailability of property insurance coverage in significant
yi yi yi yi yi yi yi yi yi yi yi yi yi
portions of Florida (e.g. homeowners face non-renewal or cancellations) - (correct answer) -Residential
yi yi yi yi yi yi yi yi yi yi yi yi yi
Property & Casualty Joint Underwriting Association for property owners.
yi yi yi yi yi yi yi yi yi
What does the property insurance term "improvements and betterment" apply to? - (correct answer) -
yi yi yi yi yi yi yi yi yi yi yi yi yi yi
Real Property yi
The penalty imposed upon a Florida licensee who violates a cease and desists order issued by the CFO: -
yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi
(correct answer) -$50,000 Fine
yi yi yi yi
What is amount is personal property used for business purposes, under a Homeowners policy covered
yi yi yi yi yi yi yi yi yi yi yi yi yi yi
up to - (correct answer) -up to $2500 on premises
yi yi yi yi yi yi yi yi yi yi
, up to $1500 off premises
yi yi yi yi
If a replacement costs exists, but the insured has a policy for only 50% of the replacement cost, what
yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi
percentage will the insured received for the loss? - (correct answer) -50% of the settlement amount
yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi
A statement that is believed to be true when made, which my prove to be false. - (correct answer) -
yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi
Representation
A statement that is guaranteed to be correct: - (correct answer) -Warranty
yi yi yi yi yi yi yi yi yi yi yi
When can an insured cancel his/her policy? - (correct answer) -At any time.
yi yi yi yi yi yi yi yi yi yi yi yi
In Florida, how many days in advance of a premium due date must an auto insurer provide notice of
yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi
renewal to an insured? - (correct answer) -30 days written notice
yi yi yi yi yi yi yi yi yi yi yi
What deductibles are subject to any aircraft physical damages that differ according to circumstances
yi yi yi yi yi yi yi yi yi yi yi yi yi
surrounding a given loss? - (correct answer) -In-flight Ded (greatest amount)
yi yi yi yi yi yi yi yi yi yi yi
Not-in-Motion (least amount) yi yi
They apply independently based on the actual loss
yi yi yi yi yi yi yi
Uninsured Motorist's Coverage form, the insured can request: - (correct answer) -Non-stacked
yi yi yi yi yi yi yi yi yi yi yi
Coverage
yi
Stacked Coverage yi
UM coverage at the limits lower than those that apply for liability coverage
yi yi yi yi yi yi yi yi yi yi yi yi
If a mortgage is acknowledged in the policy and the insured concealed the fact that a hazard exists to
yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi
the insurance company, would the mortgage have a right to recover its full loan value? - (correct
yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi
answer) -Yes
yi yi
1) Questions And ANSWERS
Those who are eligible for coverage under the Florida Automobile Joint Underwriting Association are? -
yi yi yi yi yi yi yi yi yi yi yi yi yi yi
(correct answer) -Military Personnel
yi yi yi yi yi
A non-resident owning an automobile in Florida
yi yi yi yi yi yi
A non-resident subject to Florida no-fault law
yi yi yi yi yi yi
A forcible entry into locked premises and the carrying away of the property of others is a definition of: -
yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi
(correct answer) -Burglary
yi yi yi
The inland marine coverage form that covers clothing, cameras and other portable property worn and
yi yi yi yi yi yi yi yi yi yi yi yi yi yi
carried by tourists and travelers is a: - (correct answer) -Personal effects floater
yi yi yi yi yi yi yi yi yi yi yi yi yi
A residual market to alleviate the temporary unavailability of property insurance coverage in significant
yi yi yi yi yi yi yi yi yi yi yi yi yi
portions of Florida (e.g. homeowners face non-renewal or cancellations) - (correct answer) -Residential
yi yi yi yi yi yi yi yi yi yi yi yi yi
Property & Casualty Joint Underwriting Association for property owners.
yi yi yi yi yi yi yi yi yi
What does the property insurance term "improvements and betterment" apply to? - (correct answer) -
yi yi yi yi yi yi yi yi yi yi yi yi yi yi
Real Property yi
The penalty imposed upon a Florida licensee who violates a cease and desists order issued by the CFO: -
yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi
(correct answer) -$50,000 Fine
yi yi yi yi
What is amount is personal property used for business purposes, under a Homeowners policy covered
yi yi yi yi yi yi yi yi yi yi yi yi yi yi
up to - (correct answer) -up to $2500 on premises
yi yi yi yi yi yi yi yi yi yi
, up to $1500 off premises
yi yi yi yi
If a replacement costs exists, but the insured has a policy for only 50% of the replacement cost, what
yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi
percentage will the insured received for the loss? - (correct answer) -50% of the settlement amount
yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi
A statement that is believed to be true when made, which my prove to be false. - (correct answer) -
yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi
Representation
A statement that is guaranteed to be correct: - (correct answer) -Warranty
yi yi yi yi yi yi yi yi yi yi yi
When can an insured cancel his/her policy? - (correct answer) -At any time.
yi yi yi yi yi yi yi yi yi yi yi yi
In Florida, how many days in advance of a premium due date must an auto insurer provide notice of
yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi
renewal to an insured? - (correct answer) -30 days written notice
yi yi yi yi yi yi yi yi yi yi yi
What deductibles are subject to any aircraft physical damages that differ according to circumstances
yi yi yi yi yi yi yi yi yi yi yi yi yi
surrounding a given loss? - (correct answer) -In-flight Ded (greatest amount)
yi yi yi yi yi yi yi yi yi yi yi
Not-in-Motion (least amount) yi yi
They apply independently based on the actual loss
yi yi yi yi yi yi yi
Uninsured Motorist's Coverage form, the insured can request: - (correct answer) -Non-stacked
yi yi yi yi yi yi yi yi yi yi yi
Coverage
yi
Stacked Coverage yi
UM coverage at the limits lower than those that apply for liability coverage
yi yi yi yi yi yi yi yi yi yi yi yi
If a mortgage is acknowledged in the policy and the insured concealed the fact that a hazard exists to
yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi
the insurance company, would the mortgage have a right to recover its full loan value? - (correct
yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi yi
answer) -Yes
yi yi
