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:
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.
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?
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
, The principle of consideration
The principle of legal purpose
The principal of the opposing team
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.
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:
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.
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?
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
, The principle of consideration
The principle of legal purpose
The principal of the opposing team
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.
