1|Page
FLORIDA 6-20 ALL LINES ADJUSTER NEWEST
EXAM WITH ACTUAL QUESTIONS AND
CORRECT VERIFIED ANSWERS|ALREADY
GRADED A+/100% GUARANTEED TO PASS
CONCEPTS
The dollar amount that the insured pays before the
insurer is required to pay the remainder of the loss is
known as? - ....ANSWER ....✔✔ The deductible
Which loss settlement provides new for old? -
....ANSWER ....✔✔ Replacement cost
Give appropriate legal advice and write binding
contracts - ....ANSWER ....✔✔ the claims adjuster's
role in the insurance industry includes
Lighting, Explosion and Fire - ....ANSWER ....✔✔
following are examples of a peril
The clause that prohibits the insured from dumping
damaged property on the insurance company and
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demanding to be paid in full is? - ....ANSWER ....✔✔
The abandonment clause
When a policy change results in broadened coverage
with no additional premium, the insured automatically
receives the benefit under the principle of? - ....ANSWER
....✔✔ Liberalization
The chance of financial loss is known as? - ....ANSWER
....✔✔ Risk
Hurricane insurance in coastal areas in Florida is written
subject to which of the following deductibles? -
....ANSWER ....✔✔ Percentage
Insurance may apply separately to each insured, as if
the other insureds did not exist. This is known as the
doctrine of? - ....ANSWER ....✔✔ Severability
When there is an unbroken connection between an
occurrence and the damage that arises from the
occurrence, and all the resulting damage happened on
account of that occurrence, this is known as? -
....ANSWER ....✔✔ The principle of proximate cause
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Consideration must be given to at least one party -
....ANSWER ....✔✔ characteristics of a contract
When two or more policies apply to the same loss, the
one that pays first is called? - ....ANSWER ....✔✔
Primary
The clause that protects the lender in a real property
policy is the? - ....ANSWER ....✔✔ Mortgagee Clause
The concept that one should not profit from the payment
provided by an insurance policy is known as? -
....ANSWER ....✔✔ Indemnity
Payment the insurance company makes directly to the
insured is? - ....ANSWER ....✔✔ Property or first-
party insurance
To be considered an insurance contract, a policy must
be? - ....ANSWER ....✔✔ Written
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When the insured transfers his/her rights to collect for
damages to the insurer, it is known as? - ....ANSWER
....✔✔ Subrogation
If an insurance policy is unclear or ambiguous, in whose
favor does the policy respond? - ....ANSWER ....✔✔
The insured
A partial owner of a building cannot receive full value
for the building in the event of a loss because of? -
....ANSWER ....✔✔ Insurable interest
Reduces the insured's damages by the degree of
negligence - ....ANSWER ....✔✔ Comparative
negligence
Exclusions, Declarations and Endorsementd - ....ANSWER
....✔✔ the following are part of an insurance policy
replacement cost minus depreciation - ....ANSWER
....✔✔ ACV
The Florida Valued Policy Law requires the insurer to
pay $200,000 - ....ANSWER ....✔✔ The insured's
FLORIDA 6-20 ALL LINES ADJUSTER NEWEST
EXAM WITH ACTUAL QUESTIONS AND
CORRECT VERIFIED ANSWERS|ALREADY
GRADED A+/100% GUARANTEED TO PASS
CONCEPTS
The dollar amount that the insured pays before the
insurer is required to pay the remainder of the loss is
known as? - ....ANSWER ....✔✔ The deductible
Which loss settlement provides new for old? -
....ANSWER ....✔✔ Replacement cost
Give appropriate legal advice and write binding
contracts - ....ANSWER ....✔✔ the claims adjuster's
role in the insurance industry includes
Lighting, Explosion and Fire - ....ANSWER ....✔✔
following are examples of a peril
The clause that prohibits the insured from dumping
damaged property on the insurance company and
,2|Page
demanding to be paid in full is? - ....ANSWER ....✔✔
The abandonment clause
When a policy change results in broadened coverage
with no additional premium, the insured automatically
receives the benefit under the principle of? - ....ANSWER
....✔✔ Liberalization
The chance of financial loss is known as? - ....ANSWER
....✔✔ Risk
Hurricane insurance in coastal areas in Florida is written
subject to which of the following deductibles? -
....ANSWER ....✔✔ Percentage
Insurance may apply separately to each insured, as if
the other insureds did not exist. This is known as the
doctrine of? - ....ANSWER ....✔✔ Severability
When there is an unbroken connection between an
occurrence and the damage that arises from the
occurrence, and all the resulting damage happened on
account of that occurrence, this is known as? -
....ANSWER ....✔✔ The principle of proximate cause
,3|Page
Consideration must be given to at least one party -
....ANSWER ....✔✔ characteristics of a contract
When two or more policies apply to the same loss, the
one that pays first is called? - ....ANSWER ....✔✔
Primary
The clause that protects the lender in a real property
policy is the? - ....ANSWER ....✔✔ Mortgagee Clause
The concept that one should not profit from the payment
provided by an insurance policy is known as? -
....ANSWER ....✔✔ Indemnity
Payment the insurance company makes directly to the
insured is? - ....ANSWER ....✔✔ Property or first-
party insurance
To be considered an insurance contract, a policy must
be? - ....ANSWER ....✔✔ Written
, 4|Page
When the insured transfers his/her rights to collect for
damages to the insurer, it is known as? - ....ANSWER
....✔✔ Subrogation
If an insurance policy is unclear or ambiguous, in whose
favor does the policy respond? - ....ANSWER ....✔✔
The insured
A partial owner of a building cannot receive full value
for the building in the event of a loss because of? -
....ANSWER ....✔✔ Insurable interest
Reduces the insured's damages by the degree of
negligence - ....ANSWER ....✔✔ Comparative
negligence
Exclusions, Declarations and Endorsementd - ....ANSWER
....✔✔ the following are part of an insurance policy
replacement cost minus depreciation - ....ANSWER
....✔✔ ACV
The Florida Valued Policy Law requires the insurer to
pay $200,000 - ....ANSWER ....✔✔ The insured's
