Florida Public adjuster 320 license
Exam QUESTIONS AND ANSWERS
100% RATED CORRECT WITH 100%
SURE PASS|GRADED A+
Insurance Department - CORRECT ANSWERS Has the sole responsibility for the regulation of
insurance business and any person or entity that is or may be "conducting insurance business"
The function of the Insurance Department - CORRECT ANSWERS -To see that all laws
regarding insurance are complied with and that the public interest is protected
-Ensure the competence of individuals who represent the insurance industry as adjusters, agents, and
supervisors
True or False:
Department of Insurance has the authority to suspend any part or all of the conduct of insurance
business if it believes that a carrier, its agent, or an adjuster is engaged in any form of unfair method of
competition or trade practice, simply by issuing an emergency "cease and desist" order - CORRECT
ANSWERS True
National Association of Insurance Commissioners (NAIC) - CORRECT ANSWERS The leader in
the development of Unfair [Insurance] Trade Practice regulations
What are some unfair methods of competition and unfair and deceptive acts or practices in the business
of insurance: - CORRECT ANSWERS -Misrepresentations and False Advertising of Insurance
Policies
-Misrepresentation in Insurance Applications
, -Defamation of Insurer
-Failure to Maintain Complaint Handling Procedures
Florida law defines the following acts as unfair claim settlement practices: - CORRECT ANSWERS
1) Misrepresentation of insurance policy provisions;
2) Failing to adopt and implement reasonable standards for the prompt investigation of claims;
3) Failing to acknowledge or to act reasonably promptly when claims are presented; and,
4) Refusing to pay claims without an investigation.
Binders - CORRECT ANSWERS A statement (written or oral) that insurance coverage is in
force. Its purpose is to provide temporary coverage until an actual insurance policy can be issued.
Emergency Licensure - CORRECT ANSWERS If a catastrophe or an emergency arising out of
disaster, act of God, riot, civil commotion, conflagration (i.e. fire), or other similar occurrence,
Departments of Insurance have the authority to quickly issue emergency licenses to individuals
employed or supervised by someone who already has a license or an insurer
Reciprocity - CORRECT ANSWERS If an adjuster holds a license in his or her state of
residence, most states will grant that adjuster a "non-resident" license on a reciprocal basis as long as
the resident license is "active and in good standing.
An adjuster currently holding an insurance license in their home state and who obtains a similar license
in another state to adjust insurance claims is known as:
Exam QUESTIONS AND ANSWERS
100% RATED CORRECT WITH 100%
SURE PASS|GRADED A+
Insurance Department - CORRECT ANSWERS Has the sole responsibility for the regulation of
insurance business and any person or entity that is or may be "conducting insurance business"
The function of the Insurance Department - CORRECT ANSWERS -To see that all laws
regarding insurance are complied with and that the public interest is protected
-Ensure the competence of individuals who represent the insurance industry as adjusters, agents, and
supervisors
True or False:
Department of Insurance has the authority to suspend any part or all of the conduct of insurance
business if it believes that a carrier, its agent, or an adjuster is engaged in any form of unfair method of
competition or trade practice, simply by issuing an emergency "cease and desist" order - CORRECT
ANSWERS True
National Association of Insurance Commissioners (NAIC) - CORRECT ANSWERS The leader in
the development of Unfair [Insurance] Trade Practice regulations
What are some unfair methods of competition and unfair and deceptive acts or practices in the business
of insurance: - CORRECT ANSWERS -Misrepresentations and False Advertising of Insurance
Policies
-Misrepresentation in Insurance Applications
, -Defamation of Insurer
-Failure to Maintain Complaint Handling Procedures
Florida law defines the following acts as unfair claim settlement practices: - CORRECT ANSWERS
1) Misrepresentation of insurance policy provisions;
2) Failing to adopt and implement reasonable standards for the prompt investigation of claims;
3) Failing to acknowledge or to act reasonably promptly when claims are presented; and,
4) Refusing to pay claims without an investigation.
Binders - CORRECT ANSWERS A statement (written or oral) that insurance coverage is in
force. Its purpose is to provide temporary coverage until an actual insurance policy can be issued.
Emergency Licensure - CORRECT ANSWERS If a catastrophe or an emergency arising out of
disaster, act of God, riot, civil commotion, conflagration (i.e. fire), or other similar occurrence,
Departments of Insurance have the authority to quickly issue emergency licenses to individuals
employed or supervised by someone who already has a license or an insurer
Reciprocity - CORRECT ANSWERS If an adjuster holds a license in his or her state of
residence, most states will grant that adjuster a "non-resident" license on a reciprocal basis as long as
the resident license is "active and in good standing.
An adjuster currently holding an insurance license in their home state and who obtains a similar license
in another state to adjust insurance claims is known as:
