Pageg1gofg56
FLORIDAgADJUSTERgEXAMgCOVERINGgALLgACTUALg
PRACTICEgQUESTIONSgANSWEREDgCORRECTLYggRE
CENTgVERSIONg2025gBESTgGRADEgA+
forallgAcademicgassistanceg[Mai
nlygNursing/Medicalgcourses].
Frankgownedgaghomegthatgwasgdestroyedgbygaghurricane.gBothgABCgandgXYZgBanksgweregliste
dgasgadditionalginterestsgonghisghomeownergpolicy.gTheginsurancegcompanygwillgmakegagpaym
entgto:
A. Thegfirstgmortgagee,gABC
B. ThegInsured
C. JointlygtogABCgandgXYZ
D. Allglistedginterestsg-gANSWER:gD.gAllglistedginterests
Remembergthatgtheginsurergisgnotgresponsiblegtogknowgthegdegreesgofginterest.gIngthegeventgof
gagloss,gonegpaymentgisgmadegbygtheginsurergandgitgisgupgtogthegadditionalginterestsgongworkin
ggoutgtheirgshare.
Insurancegappliesgseparatelygtogeachginsuredgasgifgotherginsuredsgdidgnotgexist.gThisgisgdefine
dgas:
A. Severability
B. Conditional
C. Warranty
D. Nonegofgthegaboveg-gANSWER:gA.gSeverability
SPECIALISTSgEXAM
, SPECIALISTSgEXAM
Propertyginsurancegpoliciesgusuallygcontainga(n)g
clause,gstatinggthe
ginsuredgcannotgdumpgdamagedgpropertygongtheginsurergandgdemandgitsgfullgvalue:
A. ProgRata
B. Abandonment
C. Liberalization
SPECIALISTSgEXAM
, SPECIALISTSgEXAM
Pageg2gofg56
D. Allgofgthegaboveg-gANSWER:gB.gAbandonment
A(n)g
isgonegwhereingeconomicglossgwouldgbegsufferedgfromgangadvers
eghappeninggtogthegsubject:
A. ConditionalgContract
B. PersonalgContract
C. EconomicgContract
D. InsurablegInterestg-gANSWER:gD.gInsurablegInterest
Statesgthatgifgtheginsurergadoptsgagrevisiongwhichgwouldgbroadengcoveragegwithoutgadditionalg
premiumgwithingsomegperiodgofgtimegpriorgtogthegpolicygperiodgorgduringgthegpolicygperiod,gtheg
insuredgreceivesgthegbenefitgofgsuchgbroadenedgcoverage.
A. CancellationgClause
B. PolicygPeriod
C. ProgRata
D. Liberalizationg-
ANSWER:gD.gLiberalizationgThegtimegframegisgtypically
g
60gdays.
g
Theg
statesgthatgwhengtheregisgangunbrokengconnectiongbetweengangoccurrenc
egandgdamagegthatggrowsgoutgofgthegoccurrence,gthengthegresultantgdamagegisgallgagpartgofgt
hegoccurrence.
A. DoctrinegofgProximategCause
B. DoctrinegofgPerilsg&gHazards
C. InsurancegPolicygHandbook
D. DoctrinegofgPropertygInsuranceg-gANSWER:gA.gDoctrinegofgProximategCause
Forgexample,gifgagpropertyginsurancegpolicygcoversgthegperilgofgfiregbutgfurthergdamagegisgcause
d
, SPECIALISTSgEXAM