Florida Adjuster Licensing 2025/2026
Exam Questions and Answers | A+ Score
Assured
While driving, Ben was struck by another driver, Roxanne. Ben then filed a
claim with Roxanne's insurer. In
essence, what was Ben doing when he filed this claim?
Alerting Roxanne's insurer of his intent to take the case to court
Submitting a formal request to settle the damages with Roxanne's insurer
Ordering Roxanne's insurer to pay for his damages within 15 days
Admitting he was actually "at fault" - 🧠 ANSWER ✔✔Submitting a formal
request to settle the damages with Roxanne's insurer
Mark incurred $8,000 damage to his car in an accident. He received $8,000
from his insurance company and
$4,000 from the other driver. By receiving a profit from the loss, Mark could
be in violation of:
1
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
,the principle of financial status.
the principle of financial restoration.
the principle of profit and loss.
the principle of indemnity. - 🧠 ANSWER ✔✔the principle of indemnity
What is a reserve, in insurance terms?
The amount of revenue that the insurer sets aside to pay employee salaries
A group of policyholders who pay into the same pool of premiums
A pool of collected premiums that the insurer sets aside to pay claims
A set of rules governing how the insurance industry should work - 🧠
ANSWER ✔✔A pool of collected premiums that the insurer sets aside to
pay claims
The purpose of the principle of indemnity is:
to prevent an insured from making a profit on a loss.
to transfer the risk of financial loss from one party to another.
to transfer the right to collect a debt from one party to another.
2
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
,to prevent an insurer from making a profit on a loss. - 🧠 ANSWER ✔✔to
prevent an insured from making a profit on a loss.
Greg plays trombone in his school band during football games. During a
rally song in the stands one day,
Greg annoys one of the opposing team's fans, who grabs his $400
trombone and hurls it down the
bleachers, completely destroying it. Greg's insurance pays him $400 to
replace the trombone, but then the
opposing team's coach also offers to replace the instrument, at whatever
the cost. So Greg orders a new
$3,200 trombone and has the opposing team's athletic department absorb
the cost. Which principle has
Greg violated?
The principle of consideration
The principle of legal purpose
The principal of the opposing team
3
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
, The principle of indemnity - 🧠 ANSWER ✔✔The principle of indemnity
Which of the following refers to being restored to the financial condition you
were in before a loss?
Indemnification
Restoration
Estoppel
Subrogation - 🧠 ANSWER ✔✔Indemnification
Bobby just purchased an insurance policy for his home from XYZ
Insurance. Which of the following would be
a reason this policy may not be legally binding?
Bobby has an outstanding warrant for selling marijuana.
Bobby has been diagnosed with schizophrenia.
Bobby paid his first premium when he and his agent agreed on a policy, but
he is waiting for the policy documents to be prepared so he can sign them
Bobby is only 19 years old. - 🧠 ANSWER ✔✔Bobby has been diagnosed
with schizophrenia.
4
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
Exam Questions and Answers | A+ Score
Assured
While driving, Ben was struck by another driver, Roxanne. Ben then filed a
claim with Roxanne's insurer. In
essence, what was Ben doing when he filed this claim?
Alerting Roxanne's insurer of his intent to take the case to court
Submitting a formal request to settle the damages with Roxanne's insurer
Ordering Roxanne's insurer to pay for his damages within 15 days
Admitting he was actually "at fault" - 🧠 ANSWER ✔✔Submitting a formal
request to settle the damages with Roxanne's insurer
Mark incurred $8,000 damage to his car in an accident. He received $8,000
from his insurance company and
$4,000 from the other driver. By receiving a profit from the loss, Mark could
be in violation of:
1
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
,the principle of financial status.
the principle of financial restoration.
the principle of profit and loss.
the principle of indemnity. - 🧠 ANSWER ✔✔the principle of indemnity
What is a reserve, in insurance terms?
The amount of revenue that the insurer sets aside to pay employee salaries
A group of policyholders who pay into the same pool of premiums
A pool of collected premiums that the insurer sets aside to pay claims
A set of rules governing how the insurance industry should work - 🧠
ANSWER ✔✔A pool of collected premiums that the insurer sets aside to
pay claims
The purpose of the principle of indemnity is:
to prevent an insured from making a profit on a loss.
to transfer the risk of financial loss from one party to another.
to transfer the right to collect a debt from one party to another.
2
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
,to prevent an insurer from making a profit on a loss. - 🧠 ANSWER ✔✔to
prevent an insured from making a profit on a loss.
Greg plays trombone in his school band during football games. During a
rally song in the stands one day,
Greg annoys one of the opposing team's fans, who grabs his $400
trombone and hurls it down the
bleachers, completely destroying it. Greg's insurance pays him $400 to
replace the trombone, but then the
opposing team's coach also offers to replace the instrument, at whatever
the cost. So Greg orders a new
$3,200 trombone and has the opposing team's athletic department absorb
the cost. Which principle has
Greg violated?
The principle of consideration
The principle of legal purpose
The principal of the opposing team
3
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
, The principle of indemnity - 🧠 ANSWER ✔✔The principle of indemnity
Which of the following refers to being restored to the financial condition you
were in before a loss?
Indemnification
Restoration
Estoppel
Subrogation - 🧠 ANSWER ✔✔Indemnification
Bobby just purchased an insurance policy for his home from XYZ
Insurance. Which of the following would be
a reason this policy may not be legally binding?
Bobby has an outstanding warrant for selling marijuana.
Bobby has been diagnosed with schizophrenia.
Bobby paid his first premium when he and his agent agreed on a policy, but
he is waiting for the policy documents to be prepared so he can sign them
Bobby is only 19 years old. - 🧠 ANSWER ✔✔Bobby has been diagnosed
with schizophrenia.
4
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
