FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND AL, Exams of Nursing

Download FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND AL and more Exams Nursing in PDF only on Docsity! FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ Peril - CORRECT ANSWERS Something that causes a loss. Hazard - CORRECT ANSWERS Something that increases the probability that a loss will occur. Warranty - CORRECT ANSWERS A policy condition, either based on information in the insureds application or inserted by the insurer. It is a guarantee of a fact. Misrepresentation - CORRECT ANSWERS An untrue statement by the insured, made in an application for insurance but which does not become a part of the policy. Concealment - CORRECT ANSWERS The failure of the insured to reveal relevant facts known to the insured in applying for insurance. Abandonment - CORRECT ANSWERS Property insurance policies usually contain an abandonment clause, stating the insured cannot dump damaged property on the insurer and demand its full value. FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ Severability - CORRECT ANSWERS The insurance applies separately to each insured as if other insureds did not exist. Proximate Cause - CORRECT ANSWERS The cause having the most significant impact in bringing about the loss under a first-party property insurance policy, when two or more independent perils operate at the same time (i.e., concurrently) to produce a loss. Courts employ a set of rules to resolve causation disputes when a property policy states that it covers or excludes losses "caused by" a peril and there is more than one peril at work in a fact pattern. Under common law, whether the policy provides coverage depends on which peril is chosen as the proximate cause. Direct Loss - CORRECT ANSWERS Physical harm to tangible property. Indirect Loss - CORRECT ANSWERS Economic loss which flows as a result of direct loss. FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ Implied Waiver - CORRECT ANSWERS A waiver that is assumed to be in effect from a person's behavior and shows he is waiving a right. Damages - CORRECT ANSWERS Monetary compensation that is awarded by a court in a civil action to an individual who has been injured through the wrongful conduct of another party. Subrogation - CORRECT ANSWERS When an insured has a right to collect damages from another party, but instead elects to claim the damages under his insurance policy, his rights against the other party are transferred to the insurer. Changes - CORRECT ANSWERS All policies provide that any changes to the policy be made by the insurer, in writing. Policy Period - CORRECT ANSWERS The condition states that coverage applies only to losses or occurrences that take place during the policy period. (Prior to the stated date and time of termination). FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ Policy Territory - CORRECT ANSWERS Condition limiting coverage to occurrences or losses that take place only within a stated geographical region. Other Insurance - CORRECT ANSWERS The principle of indemnity dictates against duplicate recovery for the same loss. Cancellation - CORRECT ANSWERS The insured may cancel at any time, for any reason, without advance notice. If the conpany wishes to cancel, it must provide some degree of advance notice so the insured will have time to replace the coverage. Appraisal - CORRECT ANSWERS A written contract of or written agreement for or effecting insurance, or the certificate thereof, by whatever name called, and includes all clauses, riders, endorsements and papers which are a part thereof. Insurance - CORRECT ANSWERS Is a contract whereby one undertakes to indemnify another or pay or allow a specified FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ amount or a determinable benefit upon determinable contingencies. Binder - CORRECT ANSWERS Acts as a temporary contract until the policy is issued. How many days should an insurer give for prior notice of cancellation of a binder? - CORRECT ANSWERS 5 days. Property Insurance - CORRECT ANSWERS Any insurance wherein payment by the insurer will be paid directly to the insured or other specifically named interests. Liability Insurance - CORRECT ANSWERS Payment will be on behalf of the insured to another, based upon the insureds liability to the recipient. Simply stated, Liability is "Negligence of the Insured". Loss Payee Clause - CORRECT ANSWERS A Clause in a contract of insurance that provides, in the event of payment being made under the policy in relation to the insured risk, that FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ as the unlawful taking of money, securities or other property to the deprivation of the insured. Bid - CORRECT ANSWERS Aggreement to fulfill a contractual obligation used frequently in construction and supplying goods. Health Maintenance Organization (HMO) - CORRECT ANSWERS Provides comprehensive health services to its members for a prepaid fixed fee, equivalent to an insurance premium. Preferred Provider Organization (PPO) - CORRECT ANSWERS A selected group of hospital's and medical practitioners in a given area who have joined together in an effort to reduce medical costs. Estoppel - CORRECT ANSWERS Is an equitable principle to the effect that if one intentionally or unintentionally creates the impression that a certain fact exists, and an innocent party relies on that impression and is damaged as a result, the guilty FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ party may be legally prohibited(estopped) from asserting that the fact does not exist. Salvage - CORRECT ANSWERS Motor vehicle or mobile home is a total loss. Junk - CORRECT ANSWERS Any material which is or may have been a motor vehicle or mobile home, with or without all component parts, which is inoperable and which material is in such condition that its highest or primary value is either in its sale or transfer as scrap metal. Fiduciary Agent - CORRECT ANSWERS Agent for a principal/Client. The legal or special relationship of trust, confidence, or responsibility between 2 or more parties. Domestic Insurer - CORRECT ANSWERS Insurer is one formed under the laws of its this state. FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ Foreign Insurer - CORRECT ANSWERS Insurer is one formed under the laws of any state, district territory, or commonwealth of the United States other than this State. Alien Insurer - CORRECT ANSWERS Insurer is an insurer other than a domestic or foreign insurer. Appointment - CORRECT ANSWERS The authority given by an insurer or employer to a licensee to transact insurance or adjust claims on behalf an insurer or employer. Derelict - CORRECT ANSWERS Material which is or may have been a motor vehicle or mobile home, with or without all component parts, which is inoperable and which material is in such condition that its highest or primary value is either in its sale or transfer as scrap metal or component parts or both. Mechanical Breakdown Coverage - CORRECT ANSWERS Covers repairs to mechanical parts of your vehicle that break. Even covers break in events not related to an accident. FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ Public Adjuster - CORRECT ANSWERS Is a claims adjuster who is an advocate for the policyholder in appraising and negotiating an insurance claim. What are the Characteristics of a Personal Auto Policy Declaration Page ? - CORRECT ANSWERS -Liability(Bodily Injury) -Property Damage -Uninsured Motorist -Medical Payments -Personal Injury Protection -Collision Deductible -Comprehensive Deductible -Towing Coverage -Rental Coverage What are examples of Transacting Insurance? - CORRECT ANSWERS -Solictitation of Insurance -Negotiation of Insurance -Effecting Coverage (Binding insurance coverage) FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ -Transacting Insurance Matters(during and after insurance is bound). What are thresholds of the No-Fault Law ? - CORRECT ANSWERS -Significant and permanent loss of a bodily function or -Permanent injury other than scarring and disfigurement or -Significant and permanent scarring or disfigurement or -Death What is the adjusters investigation limited too ? - CORRECT ANSWERS A simple verification of bills and estimates or it may be expanded to include photographs, witness canvasses, or recorded statements as the circumstances require. What are the componets of a investigation process ? - CORRECT ANSWERS -Inquiry -Verification -Comparison FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ What are some reasons for suspension, revocation or termination of a license ? - CORRECT ANSWERS - Transacting Insurance outside of scope of one's license -Misrepresentation or fraud -Sliding -Demonstration of unworthiness or lack of fitness -Misappropriation of funds -Failure to inform Department of financial services, within 30 days, after pleading guilty or no contest to a felony. Florida Unfair Insurance Trade Practices Act - CORRECT ANSWERS Describes certain practices, penalties are provided for misrepresentation to insureds and claimants and business practices such as -Failing to act promptly -Failure to affirm or deny a claim when an insured is entitled there to -Failure to explain claim denials in writing -Failure to maintain complaint-handling procedures such as keeping accurate records of complaints. FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ How to settle a claim for an Injured Minor ? - CORRECT ANSWERS Under Fl Law, the adjuster should settle a third- party liability claim of an injured minor child with both parents of the injured child, presuming the settlement is for an amount not in excess of $15,000. If it is more than that it must be consummated through the Circuit or County Courts. What are the violations of the Unfair Trade Practices Act ? - CORRECT ANSWERS -Failing to act promptly. -Failure to affirm or deny a claim when an insured is entitled thereto. -Failure to explain claim denials in writing. -Failure to maintain complaint-handling procedures, such as keeping accurate records of complaints. Section 624.155 of the Florida Statues provides ? - CORRECT ANSWERS That any person who is damaged by certain insurer practices is granted a right to sue the insurer for damages. FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ The Principle Of Utmost Good Faith - CORRECT ANSWERS An insurance contract is based, places serious responsibilities on the claim adjuster with regard to conduct, work habits, and specific claims handling activities. What does 10/20/10 mean ? - CORRECT ANSWERS 10=10,000 Livability per person injured-amount that will be paid out for injuries to one person. 20=20,000 Combined Total Liability for all injuries-this is the most paid out for injuries for an accident. 10=10,000 Property Damage-the most paid out for damage caused to property of others. What is SR-22 ? - CORRECT ANSWERS A form of coverage known as a NAMED NOOWNER policy is required, this form offers insurance coverage only while the insured is operating automobiles owned by others. FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ What are the two things that need to happen for financial responsibility that did not exist at the time of the accident ? - CORRECT ANSWERS -The legally valid claims of others must be satisfied(up to the 10/20/10 requirements). -The owner and operator must provide certification of financial responsibility for future accidents. What are the main elements of the FL Law ? - CORRECT ANSWERS -Those who comply with the law have limited immunity from tort suits. -As one may not be able to seek legal liability damages against another for bodily injuries, the law substitutes, under one's own insurance, the coverage defined as Personal Injury Protection(PIP) How many days does a Non-Resident's vehicle physically present in FL have subject to the No-fault law ? - CORRECT ANSWERS 90 days. What are the three penalties for non-compliance with the compulsory insurance requirements ? - CORRECT FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ Business Auto Coverage Form - CORRECT ANSWERS Used to insure the automobile exposures of all businesses other than garage or trucking businesses. What does Commercial General Liability contract includes ? - CORRECT ANSWERS -Declarations -Common policy conditions -One of the two coverage forms, Occurrence, or Claims-Made -A Nuclear Energy Liability Exclusion endorsement -Various other endorsements may be attached to broaden or restrict the coverage provided by these basic forms. Declarations - CORRECT ANSWERS Identifies the named insured and address, states the policy period and premium and miscellaneous information about the insured, and specifies the limits of coverage that apply. The policy states that if a company wishes to cancel, How many days must it give prior notice ? - CORRECT ANSWERS 30 days. FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ Nuclear Endorsement - CORRECT ANSWERS Excludes all hazards related to nuclear energy. What is Coverage A ? - CORRECT ANSWERS Bodily Injury and Property Damage Insuring Agreement. Bodily Injury(BI) - CORRECT ANSWERS Physical harm and includes sickness or disease or death resulting there from. Property Damage(PD) - CORRECT ANSWERS Physical injury to tangible property, including loss of use of that property. Occurrence - CORRECT ANSWERS An accident, including. continues or repeated exposure to substantially the same general harmful conditions. Accident - CORRECT ANSWERS A sudden, unexpected event. FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ Coverage Territory - CORRECT ANSWERS Is the U.S. and its territories or possessions , Puerto Rico and Canada, including international waters and airspace between these places. The Coverage Trigger - CORRECT ANSWERS Determines how policy will respond. The Occurrence form - CORRECT ANSWERS Applies to BI or PD which occurs during the policy period, regardless of any later time at which a claim is made. The Claims-Made form - CORRECT ANSWERS Applies only to a BI or PD which occurs on or after the retroactive date, and for which the claim is received or recorded by an insured or the company during the policy period. Retroactive Date - CORRECT ANSWERS Establishes the original policy date for a serious of claims made policies. FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ performance of farming operations for another, for a charge under any contract or agreement. The Farm Employers Liability/Medical Payments Endorsement - CORRECT ANSWERS Applies the basic Liability and Medical Payments coverages to injuries to farm employees, but not to employees eligible to receive workers compensation benefits. Employment Related Practices Liability - CORRECT ANSWERS This Form provides employers witg claims- made coverage for liability arising out of claims for injury to an employee because of an employment-related offense. Unauthorized Entity - CORRECT ANSWERS An entity that is required to be licensed or registered with the Florida Office of Insurance Regulation but is operating without the proper authorization is identified as an unauthorized insurer. To be Authorized and transact business in FL what must you have ? - CORRECT ANSWERS Certificate of Authority. FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ General Lines Agent 2-20 - CORRECT ANSWERS Licensed to write property/casualty, surety, or health insurance. Customer Representative 4-40 - CORRECT ANSWERS Must be licensed, appointed by a General Lines Agent and may assist in transactions in the OFFICE ONLY. Limited Customer Representative 4-42 - CORRECT ANSWERS Must be licensed, appointed by a General Lines Agent and transact AUTO insurance in the OFFICE ONLY. All Lines Claims Adjuster 6-20 - CORRECT ANSWERS Investigates, Evaluates, and Negotiates Claims. A General Lines Adjuster is required to do what ? - CORRECT ANSWERS Participate in 24 hrs of continuing education every 2 years. FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ A licensee must notify the Department in writing in how many days for change of name, address, phone number or email ? - CORRECT ANSWERS 30 days. Loss Sustained - CORRECT ANSWERS Cover only losses that both occurred and were discovered during the policy period, or within one year of it's expiration. Discovery - CORRECT ANSWERS Any loss discovered during the policy period or within 60 days after it's expiration is called regardless of when it occurred. Property Covered - CORRECT ANSWERS The policy covers only property the named insured owns or holds or for which the insured is legally liable, and for the benefit of the insured. Safe Depository - CORRECT ANSWERS Covers the named insureds legal liability if it is the safe depository for customers property. Perils covered include burglary, robbery, destruction on damage. FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ Funds Transfer Fraud - CORRECT ANSWERS Is designed to cover loss due to the fraudulent transfer of funds through the use of a telephone or fax machine. Securities Deposited with Others - CORRECT ANSWERS Covers theft, disappearance, or destruction of securities, which have been deposited with a custodian, such as a bank or stockbroker. The deductible - CORRECT ANSWERS The dollar amount that the insured pays before the insurer is required to pay the remainder of the loss is known as? Replacement cost - CORRECT ANSWERS Which loss settlement provides new for old? the claims adjuster's role in the insurance industry includes - CORRECT ANSWERS Give appropriate legal advice and write binding contracts FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ following are examples of a peril - CORRECT ANSWERS Lighting, Explosion and Fire The abandonment clause - CORRECT ANSWERS The clause that prohibits the insured from dumping damaged property on the insurance company and demanding to be paid in full is? Liberalization - CORRECT ANSWERS When a policy change results in broadened coverage with no additional premium, the insured automatically receives the benefit under the principle of? Risk - CORRECT ANSWERS The chance of financial loss is known as? Percentage - CORRECT ANSWERS Hurricane insurance in coastal areas in Florida is written subject to which of the following deductibles? The principle of proximate cause - CORRECT ANSWERS When there is an unbroken connection between an occurrence FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ and the damage that arises from the occurrence, and all the resulting damage happened on account of that occurrence, this is known as? characteristics of a contract - CORRECT ANSWERS Consideration must be given to at least one party Primary - CORRECT ANSWERS When two or more policies apply to the same loss, the one that pays first is called? Mortgagee Clause - CORRECT ANSWERS The clause that protects the lender in a real property policy is the? Indemnity - CORRECT ANSWERS The concept that one should not profit from the payment provided by an insurance policy is known as? Property or first-party insurance - CORRECT ANSWERS Payment the insurance company makes directly to the insured is? FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ Adjusters should advise claimants on? - CORRECT ANSWERS claims information An adjuster is required to notify a claimant when a claim is denied. The notification must be? - CORRECT ANSWERS Written The term ethics refers to? - CORRECT ANSWERS service to others, personal respect and proper mode of conduct When an adjuster deals with a claimant who is not a policyholder, this claim is known as an? - CORRECT ANSWERS third party claim The successful adjuster/negotiator should understand that communication includes all of the following EXCEPT? Select one: A. Verbal and non-verbal messages B. Questioning C. Listening FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ D. Decision-making - CORRECT ANSWERS Decision-making Which of the following is not a duty of the claims adjuster? Select one: A. Investigating B. Evaluating C. Negotiating D. Counseling - CORRECT ANSWERS Counseling The adjuster's duty to the insurer is best described as? Select one: A. Friendly B. Factual C. Fun D. Fiduciary - CORRECT ANSWERS Fiduciary Errors and Omissions claims are a result of? Select one: A. unethical behavior FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ B. lack of knowledge or information C. Both unethical behavior and lack of knowledge or information are correct D. Neither unethical behavior and lack of knowledge or information are correct - CORRECT ANSWERS Both unethical behavior and lack of knowledge or information are correct Unethical behavior affects? Select one: A. The claimant B. The adjuster C. All of the above D. The entire company - CORRECT ANSWERS All of the above All of the following are components of negotiating EXCEPT? Select one: A. The issue should be negotiable B. There must be an exchange of value for value FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ The insured is an owner and is insured for PIP. She is injured in an accident and has the following damages? medicals-$12,000, lost wages-$6,000. How much will PIP pay if there is a $1,000 deductible? Select one: A. $11,200 B. $12,400 C. $9,600 D. $10,000 - CORRECT ANSWERS $10,000 Trucker insurance premiums are based on all EXCEPT? Select one: A. Radius B. Age of the driver C. Type of business D. Territory garaged - CORRECT ANSWERS Age of the driver FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ Joe works for Sinks-R-Us, Inc. As part of his compensation package, he is supplied with a company car, which he gets to take home every night. Joe wants to make sure the Liability coverage under his PAP covers him while driving his company car. What coverage would you add to Joe's PAP? Select one: A. Named Non-owned coverage B. Extended Non-owned Liability coverage C. Drive Away Liability coverage D. False Pretense coverage - CORRECT ANSWERS Extended Non-owned Liability coverage Dan has a Personal Auto Policy with Liability of 10/20/10 and basic PIP with a $1,000 deductible. He is running one day when a car strikes him. A week later he dies. Medical bills are $7,500 and lost wages are $1,000. How much, if any, will PIP pay in this claim? - CORRECT ANSWERS 10,800.00 Joe is an owner insured for PIP. In which of the following situations does Joe have his PIP benefits available to him? Select one: FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ A. In a slip and fall accident in the mall in Florida B. In an accident while riding his motorcycle C. Struck as a pedestrian in Georgia D. In an accident while riding as a passenger in a friend's car in Florida - CORRECT ANSWERS In an accident while riding as a passenger in a friend's car in Florida The insured bought a new car with a Mechanical Breakdown Policy. When the odometer reaches 40,000 the car has a serious breakdown involving the transmission. How does the Mechanical Breakdown Policy respond? Select one: A. No coverage because the policy expired B. No coverage because a transmission is not covered C. ACV coverage will apply D. Replacement cost coverage will apply - CORRECT ANSWERS No coverage because the policy expired An insured borrows his neighbor's trailer to pick up his new furniture. Which of the following best describes the insured if he has an accident? FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ window; $10,000-Sports car; $1,500-Legal defense. How much would his policy pay for the loss? Select one: A. $51,500 B. $37,000 C. $40,000 D. $50,000 - CORRECT ANSWERS $51,500 The insured is driving down the road when a low hanging branch strikes and cracks his windshield. The cost to replace the windshield is $650. The insured has a $500 collision deductible and a $250 other than collision deductible. The insurance company will pay...? Select one: A. $250 B. No coverage C. $500 D. $650 - CORRECT ANSWERS $650 Which of the following is covered under PAP liability? FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ Select one: A. Intentional damage B. Permissive use of insured's automobile C. Damage to property owned by the insured D. Injury to an employee in the course of employment - CORRECT ANSWERS Permissive use of insured's automobile Joe is injured when the jack slips as he is changing a tire in his driveway. The bill for his treatment in the emergency room is $450. Where will Joe go first to collect for his medical expenses? Select one: A. Worker's Compensation B. His PIP insurance C. His homeowner insurance D. His health insurance - CORRECT ANSWERS His PIP insurance All of the following UM options are available to an insured, EXCEPT? FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ Select one: A. May purchase UM coverage less than liability limits B. May purchase UM coverage more than liability limits C. May reject UM coverage in writing D. May elect non-stacked UM coverage in writing - CORRECT ANSWERS May purchase UM coverage more than liability limits The Truckers form that provides liability coverage for damage to non-owned trailers is called? Select one: A. Interchange coverage B. Commercial Trailer coverage C. Trailer Interchange coverage D. Trailer coverage - CORRECT ANSWERS Trailer Interchange coverage Hail damage to an auto is an example of? Select one: A. An exclusion to Part A\-Liability FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ D. Sam may recover any damages from Fred's PIP - CORRECT ANSWERS Betty must use her own PIP to pay her medical bills Susie is driving down the street when a dog runs in front of her car. She swerves to avoid the dog and hits a tree. This is an example of? Select one: A. Collision B. Both A and B C. Other than collision D. Neither A or B - CORRECT ANSWERS Collision Which of the following is not eligible for a homeowners policy? Select one: A. Tom who owns the house he rents to his neighbor B. Joe who lives is a garage apartment C. A husband and wife who own a vacation home in Georgia D. Betty who rent a condominium unit - CORRECT ANSWERS Tom who owns the house he rents to his neighbor FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ Homeowner policies are rated on all of the following, EXCEPT: Select one: A. Location of the dwelling B. Age of the homeowner C. Fire protection available D. Construction of the dwelling - CORRECT ANSWERS Age of the homeowner The insured lives in his principal residence 80% of the year. A flood loss would be paid at which of the following? Select one: A. At 80% coinsurance B. Replacement Cost C. ACV D. Valued Policy - CORRECT ANSWERS Replacement Cost Under a Dwelling Policy, all of the following are eligible, EXCEPT: Select one: FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ A. A rental apartment in a commercial building B. A 1-6 family dwelling C. A two-family dwelling owned by a corporation D. A mobile home - CORRECT ANSWERS A 1-6 family dwelling When a community applies for flood coverage, until they are approved they are under: Select one: A. The Regular Program B. The Special Program C. The Emergency Program D. The Flood Program - CORRECT ANSWERS The Emergency Program If an insured sells his house to another person, the buyer is prohibited from receiving the seller's insurance policy because insurance is a contract of: Select one: A. Conditions FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ What condition must be met in a HO Policy for replacement cost to settle the loss? Select one: A. The insured must replace the item lost or damaged B. All of these answers are correct C. The insured must file the claim within 10 days D. The insured must carry insurance of at least 80% of the cost to replace the dwelling - CORRECT ANSWERS The insured must carry insurance of at least 80% of the cost to replace the dwelling Which HO form covers a condo owner? Select one: A. HO-3 B. HO-2 C. HO-6 D. HO-4 - CORRECT ANSWERS HO-6 FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ Joe had a Dwelling Policy with $40,000 Coverage A limit. A covered loss occurred that totaled the dwelling and the detached garage. The loss to the detached garage was $6,000. How much will be paid to Joe to cover this loss? Select one: A. $44,000 B. $40,000 C. $46,000 D. There is no coverage - CORRECT ANSWERS $44,000 Tommy and Chris leave their golf clubs in the trunk of Tommy's car when they stop to eat lunch. Both sets of clubs are stolen. Which policy covers Chris' clubs? Select one: A. Tommy's HO B. Tommy's auto C. Chris' auto D. Chris' HO - CORRECT ANSWERS Chris' HO FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ Which of the following is not covered under Coverage C of a HO Policy? Select one: A. An aquarium is knocked over and the fish die B. A student away at school has his golf clubs stolen C. An insured's luggage is stolen from his hotel room D. A weekend guest loses his hearing aid during a fire - CORRECT ANSWERS An aquarium is knocked over and the fish die The clause that protects the lender in a real property policy is the: Select one: A. Coinsurance Clause B. Loss Payee Clause C. Appraiser Clause D. Mortgagee Clause - CORRECT ANSWERS Mortgagee Clause Under an HO3 policy, if Coverage A is $250,000, Coverage B is: FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ D. Someone falls at the house Mike is planning to live in after it is built - CORRECT ANSWERS Mike owns a 16 foot. 100 H.P. outboard motor boat and he has an at-fault accident in which he totally destroys another boat. The owner of the boat sues Mike. Which of the following are available as HO hurricane deductibles? Select one: A. All of the above B. 2% C. 5% D. $500 - CORRECT ANSWERS All of the above If flooding is confined to one area, the flood water must cover: Select one: A. The building B. Over three acres of land C. Over two acres of land FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ D. Over an acre of land - CORRECT ANSWERS Over two acres of land A house under construction is eligible for a Homeowner Policy if: Select one: A. None of these answers are correct B. The builder doesn?t qualify for a Commercial Property Policy C. The builder is licensed D. The insured will be the owner-occupant - CORRECT ANSWERS D. The insured will be the owner-occupant If an Umbrella Policy serves as primary coverage, what part of the policy allows the insurer to apply a deductible? Select one: A. The Stand Alone Form B. The Follow Form C. The Self-insured Retention D. None of these answers are correct - CORRECT ANSWERS The Self-insured Retention FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ The provision in the Builders Risk Coverage Form that penalizes the insured for underinsurance is called: Select one: A. Coinsurance B. Full Reporting C. Agreed Value D. Adequate Insurance Clause - CORRECT ANSWERS Adequate Insurance Clause The insured has a building that has been vacant for 75 days. Which of the following are covered? Select one: A. Theft B. Glass breakage C. Weight of ice and snow D. Vandalism - CORRECT ANSWERS Weight of ice and snow FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ A. A monocline policy B. A valid policy C. A combination policy D. A package policy - CORRECT ANSWERS A package policy Under the Business and Personal Property Coverage Form the provision for suspension for certain perils applies after: Select one: A. 60 days vacancy B. 30 days vacancy C. 90 days vacancy D. 120 days vacancy - CORRECT ANSWERS 60 days vacancy Under Business Income Coverage, the period of restoration begins: Select one: A. 72 hours after reporting the loss B. 72 hours after the date of direct damage C. 48 hours after the date of direct damage FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ D. 48 hours after reporting the loss - CORRECT ANSWERS 72 hours after the date of direct damage All of the following are included in the definition of a building, EXCEPT: Select one: A. Floor coverings B. Wall treatments (wallpaper) C. Temporary structures on or within 100 feet of the premises D. Copy machines - CORRECT ANSWERS Copy machines Three types of property are covered under the Building and Personal Property coverage form. They are: Select one: A. Building; Business Personal Property; Personal Property of Others B. Building; Your Personal Property; Detached structures C. Building; Personal Property; Personal Property of Others FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ D. Building; Your Business Personal Property; Your Personal Property - CORRECT ANSWERS Building; Business Personal Property; Personal Property of Others When covered property is damaged, the cost for temporary repairs and the cost to expedite permanent repairs or replacement is covered under: Select one: A. Defense Costs B. Supplementary Payments C. Automatic Coverage D. Expediting Expenses - CORRECT ANSWERS Expediting Expenses A florist wanted coverage on business contents, which vary in amount over the course of a year. Which form best fits this situation? Select one: A. Peak Season Endorsement B. None of the above C. Value Reporting Endorsement FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ D. Will cover the claim - CORRECT ANSWERS Will cover the claim An employee is hurt on the insured's premises. Three months later the employee dies. Are the employees funeral expenses covered under the company's CGL Medical Payments? Select one: A. Yes, the claim was made within one year time period B. No, the claim was filed too late C. Yes, the employee is automatically covered D. No, employees are not covered for Med Pay - CORRECT ANSWERS No, employees are not covered for Med Pay How long does the insured have to request the "Supplemental Extended Reporting Period" after the expiration of the claims- made CGL policy? Select one: A. 90 days B. 30 days C. 180 days FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ D. 60 days - CORRECT ANSWERS 60 days The retroactive date under the CGL established the earliest date a claim will be paid by the insurance company under the: Select one: A. Claims-Made form B. Occurrence form C. Both the Occurrence and Claims-Made form D. Products and Completed Operations form - CORRECT ANSWERS Claims-Made form hysicians, Surgeons and Dentists Insurance will cover: Select one: A. Blood Banks B. Veterinarians C. All of these D. Optometrists - CORRECT ANSWERS All of these FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ The basic amount of Medical Payment coverage under a CGL policy is: Select one: A. $2,000 B. $3,000 C. $1,000 D. $5,000 - CORRECT ANSWERS $5,000 Tom purchases a CGL - Occurrence form with an effective date of 1-1-03. He purchases a claims-made CGL with an effective date of 1-1-04. An injury from 8-1-03 is filed in 2005 when a claim is made. Which policy covers the injury? Select one: A. 1-1-03 policy B. 1-1-04 policy C. No coverage D. 1-1-05 policy - CORRECT ANSWERS 1-1-03 policy All of the following are covered under Supplemental Payments in a CGL EXCEPT: FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ B. Surety, insured and insurer C. Surety, obligee and indemnitor D. Surety, obligee and principal - CORRECT ANSWERS Surety, obligee and principal Safe Burglary is defined as: Select one: A. The taking of property by someone who has caused bodily harm B. The taking of property by someone who has entered the premises unlawfully as evidenced by visible signs of forced entry C. The taking of property by someone who has entered the premises unlawfully as evidenced by visible signs of forced entry and caused bodily harm D. Any act of stealing - CORRECT ANSWERS The taking of property by someone who has entered the premises unlawfully as evidenced by visible signs of forced entry All of the following are penalties for non-compliance with Workers Compensation laws, EXCEPT: FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ Select one: A. The employer may be charged a $1000 fine, plus $100 for each day of non-compliance B. The employer may be charged with a second-degree misdemeanor C. The employer's business property may be seized D. The employer's business may be closed - CORRECT ANSWERS The employer's business property may be seized Under Workers Compensation, what is the waiting period for disability benefits to begin? Select one: A. 30 days B. 7 days C. 14 days D. 21 days - CORRECT ANSWERS 7 days A fourth party to a bond is called a: Select one: A. Surety FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ B. Principal C. Indemnitor D. Obligee - CORRECT ANSWERS Indemnitor Bill sent a cashier's check through the mail, but it never arrived at the destination of the recipient. Under which bond can the cashier's check be replaced? Select one: A. Fiduciary bond B. Blue Sky bond C. Lost Instrument bond D. Payment bond - CORRECT ANSWERS Lost Instrument bond A Florida employee was sent Boston to work for one week. While in Boston, they were injured on the job. How is the injury covered under WC benefits? Select one: A. The injury is covered under Florida's WC law B. There is no coverage under either state law FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ An employee is injured on the job and is out of work for 10 days. How many days' wages can this employee recover? Select one: A. No recovery B. 5 days C. 3 days D. 10 days - CORRECT ANSWERS 3 days Am employee of ABC Financing altered and cashed a check for $2000. The loss is payable under which insuring agreement? Select one: A. No coverage B. Robbery Inside the Premises C. Forgery or Alteration D. Employee Theft - CORRECT ANSWERS Employee Theft Bill was employed by Jane's Flower Shoppe for two days when he receives a work related injury. Bill misses 14 days of work. How long does Bill have to wait before he can begin receiving WC benefits? FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ Select one: A. 14 days B. He wasn't employed long enough to have WC coverage C. 21 days D. 7 days - CORRECT ANSWERS 7 days On the way to the bank to make a deposit, an employee loses the bank bag. How is this money covered? Select one: A. Money and Securities B. Robbery C. Burglary D. Employee Theft - CORRECT ANSWERS Money and Securities Failure to comply with the Workers Compensation Law is: Select one: A. A third-degree felony FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ B. A second-degree felony C. A first-degree misdemeanor D. A first-degree felony - CORRECT ANSWERS A third- degree felony Employees of ABC Manufacturing are required to wear steel- toed shoes when they are in the factory. An employee who injures their foot because they are not wearing safety shoes while in the plant would have their benefits reduced by: Select one: A. 20% B. 10% C. 25% D. 15% - CORRECT ANSWERS 25% What is the amount allotted for funeral expenses under Workers Compensation benefits? Select one: A. $2,500 B. $10,000 FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ A. The Department of Labor B. The Department of Labor Security C. The Department of Labor & Employment Security D. The Division of Workers' Compensation of the Department of Financial Services - CORRECT ANSWERS The Division of Workers' Compensation of the Department of Financial Services Securities were purchased for $150,000. They were stolen and sold for $175,000. On the day the theft was reported the securities were valued at $162,000. How much would be paid? Select one: A. $150,000 B. No coverage C. $175,000 D. Conditionally renewable E. $162,000 - CORRECT ANSWERS $162,000 How many people can a private employment hire before they are required to purchase WC? Select one: FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ A. 1 B. 4 C. 12 D. 8 - CORRECT ANSWERS 4 Jettison is defined as: Select one: A. Fraud by the ship's master or crew B. Throwing cargo overboard to save the ship C. Taking the insured property by force D. Winds, waves, collision or sinking - CORRECT ANSWERS Throwing cargo overboard to save the ship Which Commercial Inland Marine policy protects those who ship and receive goods on an annual basis? Select one: A. Trip Transit B. Motor Truck Cargo C. Annual Transit FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ D. Trailer Interchange - CORRECT ANSWERS Annual Transit All of the following are among the broad classes of Ocean Marine Insurance, EXCEPT: Select one: A. Cargo B. Barratry C. Freight D. Hull - CORRECT ANSWERS Barratry An insured wants to fly to Canada and then down to Mexico. Will he have coverage available for this trip? Select one: A. He cannot go outside the U.S. B. There is coverage in Canada, but not in Mexico C. There is coverage in Canada, and 100 miles into Mexico D. There is coverage in Mexico, but not in Canada - CORRECT ANSWERS There is coverage in Canada, and 100 miles into Mexico FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ B. Pipelines C. Radio and TV towers D. Bridges and tunnels - CORRECT ANSWERS Tractor trailer trucks Covered losses in a Boiler and Machinery Policy include: Select one: A. Explosion, overheating, burning and cracking B. Leaking at the valve, fitting or shaft C. The functioning of a safety device D. Depletion, deterioration and wear and tear - CORRECT ANSWERS Explosion, overheating, burning and cracking The master of the ship voluntarily sacrifices the ship's cargo to save the ship. If the loss is settled with each interest paying a pro-rata share of the loss, it is known as: Select one: A. Sue and Labor B. Particular Average C. General Average FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ D. Demurrage - CORRECT ANSWERS General Average Perils of the Sea includes all of the following, EXCEPT: Select one: A. Wind B. Collision and sinking C. Fire D. Waves - CORRECT ANSWERS Fire Under Boiler and Machinery insurance, an "accident" is defined as: Select one: A. Occurring within the policy period of an occurrence policy B. A continuous and repeated exposure to the same condition C. A sudden and accidental breakdown of a part D. A one-time occurrence - CORRECT ANSWERS A sudden and accidental breakdown of a part FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+ Underwriting an aircraft hull policy includes all of the following considerations, EXCEPT: Select one: A. Pilot's age B. Age and condition of the plane C. Type of plane D. Size of the plane - CORRECT ANSWERS Pilot's age The coverage for damage to an aircraft under the care, custody and control of the insured while the plane is in storage is: Select one: A. Hangerkeepers Liability B. Extra Expense Endorsement C. Admitted Aircraft Liability D. Storage Endorsement - CORRECT ANSWERS Hangerkeepers Liability Which of the following describes a Guaranteed Renewable Policy? Select one: FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA- REVIEW 332QUESTIONS AND ALL ANSWERS 100% CORRECTLY VERIFIED 2023/2024 GRADED A+