FLORIDA CLAIMS ADJUSTER EXAM 206
CONCEPT REVIEW GUIDE 2026 CLAIM
INVESTIGATION AND SETTLEMENT PRACTICES
◉ Insurance policies are said to be contracts of...
Answer: Adhesion
◉ The failure to exercise due care is known as
Answer: Negligence
◉ A building is destroyed by flood. The loss of profits from renting
the building is
Answer: Indirect Loss
◉ The notice required for cancellation of an Auto Binders is _____
days
Answer: 5
◉ Property Insurance means
Answer: Insurance where the payment by the insurance company
will be directly to the insured
, ◉ An insurance contract is based on the principle of
Answer: utmost good faith
◉ two kinds of waivers are
Answer: Express and Implied
◉ Proximate cause is the ____ between the occurrence and damage
which grows ... the occurrence is the
Answer: unbroken connection
◉ Replacement Cost may be a violation of
Answer: Principle of Indemnity
◉ Coinsurance of 80% regarding a $1 million dollar property means
the insured must carry insurance amount of
Answer: $800,000
◉ a 5% hurricane deductible in a homeowner's policy insuring a
$100,000 home would be
Answer: $5000
◉ Giving up a known right voluntarily is known as a
CONCEPT REVIEW GUIDE 2026 CLAIM
INVESTIGATION AND SETTLEMENT PRACTICES
◉ Insurance policies are said to be contracts of...
Answer: Adhesion
◉ The failure to exercise due care is known as
Answer: Negligence
◉ A building is destroyed by flood. The loss of profits from renting
the building is
Answer: Indirect Loss
◉ The notice required for cancellation of an Auto Binders is _____
days
Answer: 5
◉ Property Insurance means
Answer: Insurance where the payment by the insurance company
will be directly to the insured
, ◉ An insurance contract is based on the principle of
Answer: utmost good faith
◉ two kinds of waivers are
Answer: Express and Implied
◉ Proximate cause is the ____ between the occurrence and damage
which grows ... the occurrence is the
Answer: unbroken connection
◉ Replacement Cost may be a violation of
Answer: Principle of Indemnity
◉ Coinsurance of 80% regarding a $1 million dollar property means
the insured must carry insurance amount of
Answer: $800,000
◉ a 5% hurricane deductible in a homeowner's policy insuring a
$100,000 home would be
Answer: $5000
◉ Giving up a known right voluntarily is known as a
