FLORIDA 3-20 PUBLIC ADJUSTER STATE
LICENSE FINAL EXAM | NEWEST ACTUAL
EXAM COMPLETE QUESTIONS AND
VERIFIED ANSWERS GRADED A+ | 100%
PASS | 2025 UPDATE!
An ongoing assurance made by one party to another that certain facts :
- ✔✔✔ Correct Answer > Warranty
Uninsurable because of the possibility of either loss or gain in the risk -
✔✔✔ Correct Answer > Speculative Risk
An insurance adjuster who works primarily outside of an office and
often meets personally with the public - ✔✔✔ Correct Answer >
Field Adjuster
Purposefully setting fire to property. Not covered under the policy if the
act is committed by the insured - ✔✔✔ Correct Answer > Arson
The depreciation from the total Replacement Cost due to age, use and
condition. The resulting dollar amount is Actual Cash Value - ✔✔✔
Correct Answer > Non-recoverable Depreciation
,Method whereby the insurer pays the amount of each claim for each
risk up to a limit determined in advance, and the re-insurer pays the
amount of the claim above that specified limit - ✔✔✔ Correct
Answer > Exxcess of loss
A person who voluntarily gives up possession of the property - ✔✔✔
Correct Answer > bailor
One of the earliest forms of insurance - ✔✔✔ Correct Answer >
Ocean Marine
The attempt, by an applicant to deceive an insurance company - ✔✔✔
Correct Answer > Misrespresentation
Personal property that is not part of the dwelling or structure - ✔✔✔
Correct Answer > Contents
An individual that is used when a claim has been questioned by either
the insured or the insurer, an unbiased part is required to resolve the
dispute - ✔✔✔ Correct Answer > Umpire
Amount an insurer will have to pay an insured to meet the promises
outlined in the insurance contract, reduction in value of insured item -
✔✔✔ Correct Answer > loss
, An addition, deletion or change to a legal document or policy - ✔✔✔
Correct Answer > Amendment
The section of an insurance policy identifying the insured,
endorsements, coverages, limits and premiums - ✔✔✔ Correct
Answer > The Declarations page
Reinsureance agreement where the insurers involved will pay claims in
direct relationship with the % of the risk they are insuring - ✔✔✔
Correct Answer > Co-insurance
Financial investment or financial dependency that an individual or
business has in a person or property - ✔✔✔ Correct Answer >
Insurable interest
Failure to use the care that a reasonable and prudent person would
have used under that same or similar circumstance - ✔✔✔ Correct
Answer > Negligence
"Insurer" has an obligation to pay covered loss, "insured" has no
obligation - ✔✔✔ Correct Answer > Unilateral insurance contract
626.854 (3) - ✔✔✔ Correct Answer > A public adjuster may not give
legal advice or act on behalf of or aid any person in negotiating or
LICENSE FINAL EXAM | NEWEST ACTUAL
EXAM COMPLETE QUESTIONS AND
VERIFIED ANSWERS GRADED A+ | 100%
PASS | 2025 UPDATE!
An ongoing assurance made by one party to another that certain facts :
- ✔✔✔ Correct Answer > Warranty
Uninsurable because of the possibility of either loss or gain in the risk -
✔✔✔ Correct Answer > Speculative Risk
An insurance adjuster who works primarily outside of an office and
often meets personally with the public - ✔✔✔ Correct Answer >
Field Adjuster
Purposefully setting fire to property. Not covered under the policy if the
act is committed by the insured - ✔✔✔ Correct Answer > Arson
The depreciation from the total Replacement Cost due to age, use and
condition. The resulting dollar amount is Actual Cash Value - ✔✔✔
Correct Answer > Non-recoverable Depreciation
,Method whereby the insurer pays the amount of each claim for each
risk up to a limit determined in advance, and the re-insurer pays the
amount of the claim above that specified limit - ✔✔✔ Correct
Answer > Exxcess of loss
A person who voluntarily gives up possession of the property - ✔✔✔
Correct Answer > bailor
One of the earliest forms of insurance - ✔✔✔ Correct Answer >
Ocean Marine
The attempt, by an applicant to deceive an insurance company - ✔✔✔
Correct Answer > Misrespresentation
Personal property that is not part of the dwelling or structure - ✔✔✔
Correct Answer > Contents
An individual that is used when a claim has been questioned by either
the insured or the insurer, an unbiased part is required to resolve the
dispute - ✔✔✔ Correct Answer > Umpire
Amount an insurer will have to pay an insured to meet the promises
outlined in the insurance contract, reduction in value of insured item -
✔✔✔ Correct Answer > loss
, An addition, deletion or change to a legal document or policy - ✔✔✔
Correct Answer > Amendment
The section of an insurance policy identifying the insured,
endorsements, coverages, limits and premiums - ✔✔✔ Correct
Answer > The Declarations page
Reinsureance agreement where the insurers involved will pay claims in
direct relationship with the % of the risk they are insuring - ✔✔✔
Correct Answer > Co-insurance
Financial investment or financial dependency that an individual or
business has in a person or property - ✔✔✔ Correct Answer >
Insurable interest
Failure to use the care that a reasonable and prudent person would
have used under that same or similar circumstance - ✔✔✔ Correct
Answer > Negligence
"Insurer" has an obligation to pay covered loss, "insured" has no
obligation - ✔✔✔ Correct Answer > Unilateral insurance contract
626.854 (3) - ✔✔✔ Correct Answer > A public adjuster may not give
legal advice or act on behalf of or aid any person in negotiating or
