FLORIDA PUBLIC ADJUSTER STATE EXAM ACTUAL EXAM
230 QUESTIONS AND CORRECT DETAILED ANSWERS
WITH RATIONALES (VERIFIED ANSWERS) | AGRADE
Florida No-Fault Tort Exemption - ANSWER: Those who comply with the law are
granted limited immunity from suits of others through PIP coverage.
4 Exceptions to Tort Exemption(Threshold of No-Fault) - ANSWER: 1. Significant and
Permanent loss of bodily function.
2.Permanent injury other than scarring and disfigurement.
3.Significant and Permanent scarring or disfigurement.
4.Death
What does NFIP stand for? - ANSWER: National Flood Insurance Program
Form SR-22 - ANSWER: Drivers Convicted of DUI or a traffic felony over the prior 3
years are required to have 100/300/50 coverage or a certificate of self insurance of
$350,000.
Contents of a CGL Contract - ANSWER: 1.Declarations Form
2.Common Policy Conditions Form
3. One of:
A.Occurrence Form
B.Claims Made Form
4.Nuclear Energy Liability Exclusion Endorsement.
Declarations of a CGL Contract(4) - ANSWER: 1.Named Insured(including address)
2.Policy Period
3.Premium
4.Limits of Coverage
7 Common CGL Conditions - ANSWER: 1.Cancellation(30 Days by insurer option, 10
Days By no payment).
2.Changes
3.Examination of Books
4.Inspections and Surveys
5.Premiums
6.Transfer
7.Nuclear Endorsement
CGL Coverage A - ANSWER: Bodily Injury and Property Damage Insuring Agreement
The 3 Conditions that define work as "completed" - ANSWER: 1.When all work called
for in the contract is completed.
2.When all work to be done at the site has been completed if one contract calls for
work at more than one site.
, 3.When that part of the work done at a job site has been put to its intended use by
any person or organization other than another contractor or subcontractor.
Occurance - ANSWER: An accident, including continuous or repeated exposure to
substantially the same general harmful conditions.
accident - ANSWER: Sudden, unexpected event
The Difference between "Occurance" and "Claims Made" CGL Coverages - ANSWER:
The Coverage Trigger:
The Occurance Form applies to BI and PD regardless of any later time at which the
claim is made.
The Claims-Made Form applies only to BI and PD that occurs on or after the "Retro-
Active date"
Retro-Active Date - ANSWER: The date on which the coverage legally began.
Basic Extended Reporting Period for CGL - ANSWER: 60 Days after expiration
Why is the term "Coverage Trigger" misleading? - ANSWER: Because it intends to
refer to the time period during which the insurance contract is in effect.
Umbrella - ANSWER: Covers Excessive Liability
A Homeowners Policy consists of(3 components): - ANSWER: 1.Declarations
2.One of 6 Homeowners forms
3.Mandatory and optional endorsements
If a unit is co-owned, May one co-owner be insured as the renter(HO-4)? - ANSWER:
Yes
What are the two main divisions of a Home Owners Form? - ANSWER: Section I-
Property
&
Section II-Liability
4 Subsections of Section I of a Property Coverage Policy - ANSWER: 1. Coverages
2.Perils Insured Against
3.Exclusions
4.Conditions
Who determines how much HO-6 coverages a Condominium Owner needs? -
ANSWER: The Association
Homeowners Coverage A - ANSWER: "Dwelling" covers the dwelling building and
structures attached; also construction materials and supplies on or adjacent to the
premises.
230 QUESTIONS AND CORRECT DETAILED ANSWERS
WITH RATIONALES (VERIFIED ANSWERS) | AGRADE
Florida No-Fault Tort Exemption - ANSWER: Those who comply with the law are
granted limited immunity from suits of others through PIP coverage.
4 Exceptions to Tort Exemption(Threshold of No-Fault) - ANSWER: 1. Significant and
Permanent loss of bodily function.
2.Permanent injury other than scarring and disfigurement.
3.Significant and Permanent scarring or disfigurement.
4.Death
What does NFIP stand for? - ANSWER: National Flood Insurance Program
Form SR-22 - ANSWER: Drivers Convicted of DUI or a traffic felony over the prior 3
years are required to have 100/300/50 coverage or a certificate of self insurance of
$350,000.
Contents of a CGL Contract - ANSWER: 1.Declarations Form
2.Common Policy Conditions Form
3. One of:
A.Occurrence Form
B.Claims Made Form
4.Nuclear Energy Liability Exclusion Endorsement.
Declarations of a CGL Contract(4) - ANSWER: 1.Named Insured(including address)
2.Policy Period
3.Premium
4.Limits of Coverage
7 Common CGL Conditions - ANSWER: 1.Cancellation(30 Days by insurer option, 10
Days By no payment).
2.Changes
3.Examination of Books
4.Inspections and Surveys
5.Premiums
6.Transfer
7.Nuclear Endorsement
CGL Coverage A - ANSWER: Bodily Injury and Property Damage Insuring Agreement
The 3 Conditions that define work as "completed" - ANSWER: 1.When all work called
for in the contract is completed.
2.When all work to be done at the site has been completed if one contract calls for
work at more than one site.
, 3.When that part of the work done at a job site has been put to its intended use by
any person or organization other than another contractor or subcontractor.
Occurance - ANSWER: An accident, including continuous or repeated exposure to
substantially the same general harmful conditions.
accident - ANSWER: Sudden, unexpected event
The Difference between "Occurance" and "Claims Made" CGL Coverages - ANSWER:
The Coverage Trigger:
The Occurance Form applies to BI and PD regardless of any later time at which the
claim is made.
The Claims-Made Form applies only to BI and PD that occurs on or after the "Retro-
Active date"
Retro-Active Date - ANSWER: The date on which the coverage legally began.
Basic Extended Reporting Period for CGL - ANSWER: 60 Days after expiration
Why is the term "Coverage Trigger" misleading? - ANSWER: Because it intends to
refer to the time period during which the insurance contract is in effect.
Umbrella - ANSWER: Covers Excessive Liability
A Homeowners Policy consists of(3 components): - ANSWER: 1.Declarations
2.One of 6 Homeowners forms
3.Mandatory and optional endorsements
If a unit is co-owned, May one co-owner be insured as the renter(HO-4)? - ANSWER:
Yes
What are the two main divisions of a Home Owners Form? - ANSWER: Section I-
Property
&
Section II-Liability
4 Subsections of Section I of a Property Coverage Policy - ANSWER: 1. Coverages
2.Perils Insured Against
3.Exclusions
4.Conditions
Who determines how much HO-6 coverages a Condominium Owner needs? -
ANSWER: The Association
Homeowners Coverage A - ANSWER: "Dwelling" covers the dwelling building and
structures attached; also construction materials and supplies on or adjacent to the
premises.
