Florida Claims Adjuster Exam
g g g
1. Frankgownedgaghomegthatgwasgdestroyedgbygaghurricane.gBothgABCgandgX
YZgBanksgwereglistedgasgadditionalginterestsgonghisghomeownergpolicy.gThegi
nsurancegcompanygwillgmakegagpaymentgto:
A. Thegfirstgmortgagee,gABC
B. ThegInsured
C. JointlygtogABCgandgXYZ
D. Allglistedginterests:gAns-ggD.gAllglistedginterests
Remembergthatgtheginsurergisgnotgresponsiblegtogknowgthegdegreesgofginterest.gIngthege
entgofgagloss,gonegpaymentgisgmadegbygtheginsurergandgitgisgupgtogthegadditionalgintere
tsgongworkinggoutgtheirgshare.
2. Insurancegappliesgseparatelygtogeachginsuredgasgifgotherginsuredsgdidgnotg
exist.gThisgisgdefinedgas:
A. Severability
B. Conditional
C. Warranty
1g/g34
,D. Nonegofgthegabove:gAns-gggA.gSeverability
3. Propertyginsurancegpoliciesgusuallygcontainga(n)
clause,gstatinggtheginsuredgcannotgdumpgdamagedgpropertygongtheginsurergan
dgdemandgitsgfullgvalue:
A. ProgRata
B. Abandonment
C. Liberalization
D. Allgofgthegabove:gAns-gggB.gAbandonment
4. A(n)
isgonegwhereingeconomicglossgwouldgbegsufferedgfromgangadverseghappeni
nggtogthegsubject:
A. ConditionalgContract
B. PersonalgContract
C. EconomicgContract
D. InsurablegInterest:gAns-gggD.gInsurablegInterest
5. Statesgthatgifgtheginsurergadoptsgagrevisiongwhichgwouldgbroadengcoverageg
withoutgadditionalgpremiumgwithingsomegperiodgofgtimegpriorgtogthegpolicygpe
riodgorgduringgthegpolicygperiod,gtheginsuredgreceivesgthegbenefitgofgsuchgbro
adenedgcoverage.
2g/g34
,A. CancellationgClause
B. PolicygPeriod
C. ProgRata
D. Liberalization:gAns-
ggg D.gLiberalizationgThegtimegframegis
typicallyg60gdays.
g
3g/g34
, 6. The
statesgthatgwhengtheregisgangunbrokengconnectiongbetweengangoccurrencega
ndgdamagegthatggrowsgoutgofgthegoccurrence,gthengthegresul-
tantgdamagegisgallgagpartgofgthegoccurrence.
g
A. DoctrinegofgProximategCause
B. DoctrinegofgPerilsg&gHazards
C. InsurancegPolicygHandbook
D. DoctrinegofgPropertygInsurance:gA.gDoctrinegofgProximategCause
Forgexample,gifgagpropertyginsurancegpolicygcoversgthegperilgofgfiregbutgfurthergdamagegi
sgcausedgbygsmoke,gwatergusedgtogextinguish,gandgthegprocessgofgmovinggpropertyga
wayg-gfiregisgconsideredgtogbegtheg*proximategcause*gofgallgofgthegdamage.
7. ThegLossgSettlementgValuationgthatgsubtractsgangallowancegforgdepreciation
isgdefinedgas?
A. Actualg CashgValue
B. ReplacementgCost
C. "OldgforgNew"
D. NonegofgthegAbove:gA.gActualgCashgValue
8. Agpolicygcondition,geithergbasedgonginformationgingtheginsured'sgapplication
orginsertedgbygtheginsurer,gisgdefinedgas:
4g/g34
g g g
1. Frankgownedgaghomegthatgwasgdestroyedgbygaghurricane.gBothgABCgandgX
YZgBanksgwereglistedgasgadditionalginterestsgonghisghomeownergpolicy.gThegi
nsurancegcompanygwillgmakegagpaymentgto:
A. Thegfirstgmortgagee,gABC
B. ThegInsured
C. JointlygtogABCgandgXYZ
D. Allglistedginterests:gAns-ggD.gAllglistedginterests
Remembergthatgtheginsurergisgnotgresponsiblegtogknowgthegdegreesgofginterest.gIngthege
entgofgagloss,gonegpaymentgisgmadegbygtheginsurergandgitgisgupgtogthegadditionalgintere
tsgongworkinggoutgtheirgshare.
2. Insurancegappliesgseparatelygtogeachginsuredgasgifgotherginsuredsgdidgnotg
exist.gThisgisgdefinedgas:
A. Severability
B. Conditional
C. Warranty
1g/g34
,D. Nonegofgthegabove:gAns-gggA.gSeverability
3. Propertyginsurancegpoliciesgusuallygcontainga(n)
clause,gstatinggtheginsuredgcannotgdumpgdamagedgpropertygongtheginsurergan
dgdemandgitsgfullgvalue:
A. ProgRata
B. Abandonment
C. Liberalization
D. Allgofgthegabove:gAns-gggB.gAbandonment
4. A(n)
isgonegwhereingeconomicglossgwouldgbegsufferedgfromgangadverseghappeni
nggtogthegsubject:
A. ConditionalgContract
B. PersonalgContract
C. EconomicgContract
D. InsurablegInterest:gAns-gggD.gInsurablegInterest
5. Statesgthatgifgtheginsurergadoptsgagrevisiongwhichgwouldgbroadengcoverageg
withoutgadditionalgpremiumgwithingsomegperiodgofgtimegpriorgtogthegpolicygpe
riodgorgduringgthegpolicygperiod,gtheginsuredgreceivesgthegbenefitgofgsuchgbro
adenedgcoverage.
2g/g34
,A. CancellationgClause
B. PolicygPeriod
C. ProgRata
D. Liberalization:gAns-
ggg D.gLiberalizationgThegtimegframegis
typicallyg60gdays.
g
3g/g34
, 6. The
statesgthatgwhengtheregisgangunbrokengconnectiongbetweengangoccurrencega
ndgdamagegthatggrowsgoutgofgthegoccurrence,gthengthegresul-
tantgdamagegisgallgagpartgofgthegoccurrence.
g
A. DoctrinegofgProximategCause
B. DoctrinegofgPerilsg&gHazards
C. InsurancegPolicygHandbook
D. DoctrinegofgPropertygInsurance:gA.gDoctrinegofgProximategCause
Forgexample,gifgagpropertyginsurancegpolicygcoversgthegperilgofgfiregbutgfurthergdamagegi
sgcausedgbygsmoke,gwatergusedgtogextinguish,gandgthegprocessgofgmovinggpropertyga
wayg-gfiregisgconsideredgtogbegtheg*proximategcause*gofgallgofgthegdamage.
7. ThegLossgSettlementgValuationgthatgsubtractsgangallowancegforgdepreciation
isgdefinedgas?
A. Actualg CashgValue
B. ReplacementgCost
C. "OldgforgNew"
D. NonegofgthegAbove:gA.gActualgCashgValue
8. Agpolicygcondition,geithergbasedgonginformationgingtheginsured'sgapplication
orginsertedgbygtheginsurer,gisgdefinedgas:
4g/g34
