Florida Adjuster Licensing Practice Exam
with complete solution.
A claim in the property/casualty industry Is defined as: :~CORRECT
ANSWER~an assertion of an alleged legal right against a person, entity,
company or insurer that carries with it a demand for money as
compensation for injuries or damages
when you purchase insurance, you are buying: :~CORRECT
ANSWER~peace of mind that if an insured event does occur, that the
insurance company will keep its promise and provide the financial
protection that you purchased
in today's society, the most important factor in the purchase of insurance is:
:~CORRECT ANSWER~trust
One of the most important claim handling goals of an insurance company
is: :~CORRECT ANSWER~to help those who have been injured or who
have suffered loss for which the insured is responsible, while at the same
time minimizing loss for the insured party and carrier
what is the primary difference between a company employee adjuster and
an independent adjuster :~CORRECT ANSWER~a company employee
adjuster works for an insurance company and an independent adjuster
works independently for themselves or for adjusting firms who represent
many clients
, an adjuster's responsibility as a fiduciary means: :~CORRECT
ANSWER~the adjuster represents, and controls, the property and financial
interests of the client to whom he/she owes a high degree of loyalty and
good faith
the basic and primary functions of an adjuster are: :~CORRECT
ANSWER~investigating, evaluating, reporting, negotiating and disposing
of claims
once an adjuster is licensed, he or she must maintain a continuing
education requirement. What is that adjuster's compliance requirement in
order to retain a license? :~CORRECT ANSWER~an adjuster must
complete 24 hours of continuing education in every 2 year compliance
period, of which 5 hours must be taken in a properly certified 5 hour law
and ethics update course
the adjuster's code of ethics starts with a basic premise which states:
:~CORRECT ANSWER~the work of adjusting engages the public trust
Which of the following would NOT be a preferred claims practice or
behavior under FL Unfair Insurance Trade Practices Act? :~CORRECT
ANSWER~Not responding to an insured calls because you haven't made
up your mind
what are the four critical elements of a contract? :~CORRECT ANSWER~1.
agreement to terms (must understand what is given and received)
with complete solution.
A claim in the property/casualty industry Is defined as: :~CORRECT
ANSWER~an assertion of an alleged legal right against a person, entity,
company or insurer that carries with it a demand for money as
compensation for injuries or damages
when you purchase insurance, you are buying: :~CORRECT
ANSWER~peace of mind that if an insured event does occur, that the
insurance company will keep its promise and provide the financial
protection that you purchased
in today's society, the most important factor in the purchase of insurance is:
:~CORRECT ANSWER~trust
One of the most important claim handling goals of an insurance company
is: :~CORRECT ANSWER~to help those who have been injured or who
have suffered loss for which the insured is responsible, while at the same
time minimizing loss for the insured party and carrier
what is the primary difference between a company employee adjuster and
an independent adjuster :~CORRECT ANSWER~a company employee
adjuster works for an insurance company and an independent adjuster
works independently for themselves or for adjusting firms who represent
many clients
, an adjuster's responsibility as a fiduciary means: :~CORRECT
ANSWER~the adjuster represents, and controls, the property and financial
interests of the client to whom he/she owes a high degree of loyalty and
good faith
the basic and primary functions of an adjuster are: :~CORRECT
ANSWER~investigating, evaluating, reporting, negotiating and disposing
of claims
once an adjuster is licensed, he or she must maintain a continuing
education requirement. What is that adjuster's compliance requirement in
order to retain a license? :~CORRECT ANSWER~an adjuster must
complete 24 hours of continuing education in every 2 year compliance
period, of which 5 hours must be taken in a properly certified 5 hour law
and ethics update course
the adjuster's code of ethics starts with a basic premise which states:
:~CORRECT ANSWER~the work of adjusting engages the public trust
Which of the following would NOT be a preferred claims practice or
behavior under FL Unfair Insurance Trade Practices Act? :~CORRECT
ANSWER~Not responding to an insured calls because you haven't made
up your mind
what are the four critical elements of a contract? :~CORRECT ANSWER~1.
agreement to terms (must understand what is given and received)
