Florida Claims Adjuster Exam, Exams of Nursing

Download Florida Claims Adjuster Exam and more Exams Nursing in PDF only on Docsity! Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING The following are basic characteristics of a property or liability insurance contract, EXCEPT: A. Personal Contract B. Conditional Contract C. Loss Settlement Contract D. Contract of Adhesion - CORRECT ANSWERS C. Loss Settlement Contract The Insurers responsibility to pay for a property loss may be conditioned on the insured having used reasonable means to avoid the loss, to protect the property against further loss, and to give the insurer proof of the loss is defined as? A. Conditional Contract B. Adhesion Contract C. Indemnity Contract D. All of the Above - CORRECT ANSWERS A. Conditional Contract A(n) __________ is one wherein economic loss would be suffered from an adverse happening to the subject: Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING A. Conditional Contract B. Personal Contract C. Economic Contract D. Insurable Interest - CORRECT ANSWERS D. Insurable Interest The __________ states that when there is an unbroken connection between an occurrence and damage that grows out of the occurrence, then the resultant damage is all a part of the occurrence. A. Doctrine of Proximate Cause B. Doctrine of Perils & Hazards C. Insurance Policy Handbook D. Doctrine of Property Insurance - CORRECT ANSWERS A. Doctrine of Proximate Cause Frank owned a home that was destroyed by a hurricane. Both ABC and XYZ Banks were listed as additional interests on his homeowner policy. The insurance company will make a payment to: A. The first mortgagee, ABC Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING A. Warranty B. Misrepresentation C. Concealment D. None of the Above - CORRECT ANSWERS A. Warranty If financial responsibility doesn't exist at the time of an accident, which of the following things must happen to avoid penalties? A. The legally valid claims of others must be satisfied (up to 10/20/10) B. The owner and operator must provide certification of future responsibility for future accidents C. Both A&B D. None of the Above - CORRECT ANSWERS C. Both A&B Jim has had an auto policy with the Wonderful Insurance Group for 3 years. 30 days before his renewal date he receives notice of the company's intention to non-renew because of 3 negligent losses and 1 speeding ticket in the past 3 years. His driving record and claim history make this a valid non-renewal. Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING A. True B. False - CORRECT ANSWERS B. False Personal Injury Protection, or PIP, has a __________ per person, per accident limit. A. 10,000 B. 20,000 C. 1,000 D. Depends on the damaged property - CORRECT ANSWERS A. 10,000 While driving his own car, Bill is involved in an accident that is the fault of the other driver, Mike. He looks to collect for his injuries in the following order: A. His PIP, Mike's Liability, his UM, his Med Pay. B. Mike's Liability, his PIP, his Med Pay, his UM. C. His PIP, his Med Pay, Mike's Liability, his UM. D. His PIP, his Med Pay, His UM, Mike's Liability. - CORRECT ANSWERS C. His PIP, his Med Pay, Mike's Liability, his UM. Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING eremy has a not at fault accident. If he has PIP with a $1,000 deductible, how much can he expect his PIP coverage to pay toward his medical bills that total $3,000? A. $1,600 B. $1,000 C. $2,400 D. $3,000 - CORRECT ANSWERS A. $1,600 Robert is driving his car in Florida when he is hit by an at-fault driver. Robert has $10,000 in medical bills, carries Basic PIP with a $1000 deductible and has no Med Pay. How much will the at-fault driver have to pay for Robert's injuries? A. $2800 B Nothing--Robert's PIP is primary C. $10,000 D. $1,000 - CORRECT ANSWERS A. $2800 Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING A. Death of the Insured B. Temporary Injury of the Insured C. A permanent loss of a bodily function D. Permanent scarring on the face of an insured - CORRECT ANSWERS B. Temporary Injury of the Insured The following examples are referred to as __________ liability limits: 25/50/25 or 10/20/10 A. Split B. Single C. Straight D. None of the Above - CORRECT ANSWERS A. Split Used to insure businesses engaged in selling, servicing, repairing, parking or storing automobiles: A. Servicing Coverage Form B. Garage Coverage Form Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING C. Truckers Coverage Form D. None of the Above - CORRECT ANSWERS B. Garage Coverage Form The Business Automobile Policy includes all of the following coverage forms except: A. The Garage Coverage Form B. The Trailer Interchange Coverage Form C. The Truckers Coverage Form D. The Business Auto Coverage Form - CORRECT ANSWERS B. The Trailer Interchange Coverage Form Under Mechanical Breakdown Coverage, new cars are eligible for service up to: A. 36 Months/36,000 Miles B. 24 Months/36,000 Miles C. 12,000 Months/12,000 Miles D. 12 Months/36,000 Miles - CORRECT ANSWERS A. 36 Months/36,000 Miles Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING Which of the following are characteristics of Homeowner's Insurance? A. Protects against economic loss to residences and household property, and legal liabilities B. Owner-occupants of 1-4 family dwellings C. Renters who maintain residential occupancy in any type of building D. All of the Above - CORRECT ANSWERS D. All of the Above When the basic liability limits provided by the policy are insufficient for an insureds needs, two coverage forms are used to provide the additional amounts of coverage: A. Excess Liability B. Umbrella C. Both A&B D. None of the Above - CORRECT ANSWERS C. Both A&B On a Homeowner's Policy, covers items that are not permanently attached to the dwelling. This is defined as: Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING An insured who wishes to purchase flood insurance, but is located in a moderate or low risk flood zone may do so by purchasing a: A. Preferred Risk Flood Policy B. Standard Flood Policy C. Universal Flood Insurance D. None of the Above - CORRECT ANSWERS A. Preferred Risk Flood Policy Which of the following is not covered under Coverage C, Personal Property? A. A fire breaks out in the residence and an overnight guest loses his clothes in a fire B. A fish dies because he has been left alone for a week without food C. The insureds daughters tennis racket is stolen from her locker D. The insureds suitcase and clothing, valued at $1,500, are stolen from his hotel room - CORRECT ANSWERS B. A fish dies because he has been left alone for a week without food Which of the following forms is "all-risk" on the dwelling policy? Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING A. DP-1, or the Basic Form B. DP-2, or the Broad C. DP-3, or the Special form D. None of the Above - CORRECT ANSWERS C. DP-3, or the Special form Sometimes referred to as commercial fire and allied lines, this is the form of insurance that covers direct and indirect losses related to properties other than one- to four-family dwellings and farm properties: A. Business Property Insurance B. Building Property Insurance C. Commercial Property Insurance D. None of the above - CORRECT ANSWERS C. Commercial Property Insurance The Commercial Property Contract includes all of the following, except: A. Common Policy Conditions B. Commercial Property Conditions Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING C. Coverage Form D. Commercial Loss Schedule - CORRECT ANSWERS D. Commercial Loss Schedule Under Commercial Property Policies, Florida law requires an insurer to give the insured at least __________days advance written notice of non-renewal. A. 25 B. 90 C. 45 D. None of the Above - CORRECT ANSWERS C. 45 Insures a condominium association against direct physical loss or damage to buildings, business personal property and personal property of others in the care, custody or control of the association and located at the premises: A. Condominium Association Form B. Condominium Unit Owners Form C. Condominium Insured Owner Form Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING A. Builders Risk Policy B. Builders Replacement Policy C. Construction Replacement Policy D. None of the Above - CORRECT ANSWERS A. Builders Risk Policy Protects against loss of business income that results from damage to covered property from a covered cause of loss. A. Business Income Insurance Coverage B. Business Income Replacement Coverage C. Business Income Actual Value Coverage D. None of the Above - CORRECT ANSWERS A. Business Income Insurance Coverage Which of the following can be found in a Commercial General Liability Contract? A. Declarations B. Common Policy Conditions Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING C. Two Forms: Occurrence & Claims-Made D. All of the Above - CORRECT ANSWERS D. All of the Above Three full-time employees from a local furniture company are horsing around and one is pushed into a machine that cut his foot. How will the company's General Liability respond? A. The Med Pay Section must pay Primary B. The General Liability Policy will pay up to $20,000 in medical payments C. The GL policy will not pay D. Only Property Damage is covered under a General Liability Policy - CORRECT ANSWERS C. The GL policy will not pay The Commercial General Liability __________ 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. A. Declarations B. Contract C. Policy Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING D. None of the Above - CORRECT ANSWERS A. Declarations Under a Commercial General Liability Policy, a basic limit of __________ per person applies to Medical Payments: A. $1,000 B. $10,000 C. $2,500 D. $5,000 - CORRECT ANSWERS D. $5,000 The Nuclear Energy Liability Exclusion endorsement, in general, __________ all hazards related to nuclear energy. A. Includes B. Excludes C. Prohibits D. Summarizes - CORRECT ANSWERS B. Excludes What payment covers several areas of costs related to claims, and are payable in addition to the policy limits? Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING Under Workers Compensation, Part Four Your Duties if Injuries Occur, an employer is required to: A. Provide the names and addresses of injured persons and witnesses B. Promptly provide any legal papers C. Cooperate and assist as the insurer requests D. All of the Above - CORRECT ANSWERS D. All of the Above Samantha eats uncooked chicken at a local barbecue joint and becomes violently ill. Which of the following workers compensation benefits would pay for this occurrence? A. A products and completed operations form B. A premises and operations form C. An owners and contractors protective liability form D. None of the above - CORRECT ANSWERS D. None of the above The measure to determine disability benefits is the __________ of the employee at the time of injury: A. Average Monthly Wage Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING B. Average Weekly Wage C. Average Daily Wage D. Income Estimate - CORRECT ANSWERS B. Average Weekly Wage Under Employer's Liability, the minimum limits of liability are: A. 100/100/500 B. 100/500/1000 C. 500/100/500 D. 100/500 - CORRECT ANSWERS A. 100/100/500 The following are classes of disability, except: A. Permanent Total B. Temporary Total C. Permanent Impairment D. Temporary Full - CORRECT ANSWERS D. Temporary Full Under Workers Compensation, Employers Liability includes: Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING A. Claims by others for the liabilities to insureds employees B. Claims by relatives of injured employees for consequential damages C. Claims made by employees that are not subject to Workers Compensation Laws D. All of the Above - CORRECT ANSWERS D. All of the Above Mandatory for risks exceeding certain annual premiums, recognizes the prior loss experience of the risk and applies either a debit for unfavorable experience or a credit for better-than-expected loss results. This is defined as: A. The Experience Rating Plan B. The Retrospective Rating Plan C. The Risk Plan D. None of the Above - CORRECT ANSWERS A. The Experience Rating Plan All of the following are components of Workers Compensation, except: A. Up to $750,000 in Death Benefits Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING A. Scheduled Persons Coverage B. Scheduled Position Coverage C. Blanket Coverage D. All may apply - CORRECT ANSWERS D. All may apply Under Crime Insurance, coverage does not apply to: A. The named insured B. Scheduled employees C. During the Open Period D. None of the above - CORRECT ANSWERS A. The named insured Taking, or attempted taking of property from within a locked safe or vault, by unlawful entry, with visible marks of forcible entry, or taking of the safe or vault from inside the premises. This is defined as: A. Safe Burglary B. Inside the Premises C. Custodial Burglary D. None of the Above - CORRECT ANSWERS A. Safe Burglary Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING This form only provides coverage for losses that both occurred and were discovered during the policy period, or within one year of its expiration: A. The Discovery Form B. The Loss Sustained Form C. The Sustained Loss Form D. None of the Above - CORRECT ANSWERS B. The Loss Sustained Form Under Inside The Premises - Robbery or Safe Burglary of Personal Property, a special limit of __________ per occurrence applies to articles whose principal value is precious metals, precious or semiprecious stones, pearls or furs, and to the physical or intrinsic value of manuscripts, drawings or records: A. $1,000 B. $2,000 C. $4,000 D. $5,000 - CORRECT ANSWERS D. $5,000 Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING Any loss discovered during the policy period or within 60 days after its expiration (one year after expiration for losses connected with employee benefit plans) is covered regardless of when it occurred if the policy is written using: A. The Loss Sustained Form B. The Valuation Form C. The Discovery Form D. None of the Above - CORRECT ANSWERS C. The Discovery Form Provides for loss of money and securities outside the premises in the care, custody and control of a messenger or armored car service resulting from theft, disappearance or destruction. This is defined as: A. Inside the Premises B. Outside the Premises C. Care, Custody & Control D. None of the Above - CORRECT ANSWERS B. Outside the Premises Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING Guarantees the performance between the principle and the obligee: A. Principal B. Obligee C. Surety D. All of the Above - CORRECT ANSWERS C. Surety This type of bond covers streets, sidewalks, sewers, etc.: A. Sidewalk B. Subdivision C. Supply D. None of the Above - CORRECT ANSWERS B. Subdivision May act as part of the bonding party and agrees to reimburse the surety for any loss it may suffer from having bonded the principal: A. Indemnitor B. Surety Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING C. Obligee D. None of the Above - CORRECT ANSWERS A. Indemnitor This bond guarantees indemnification to the obligee for any losses resulting from the principal s failure to complete the contract work in accord with specifications: A. Performance B. Bid C. Court D. Maintenance - CORRECT ANSWERS A. Performance Which of the following are NOT a type of bond? A. Contract B. Fiduciary C. Court D. Apprentice - CORRECT ANSWERS D. Apprentice Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING This form of bond is required to accompany a bid for a contract which will require that the successful bidder furnish further bond if awarded the job: A. Bid B. Performance C. Court D. Maintenance - CORRECT ANSWERS A. Bid This type of provision states the insurer can refuse to renew the policy only under certain conditions. The policy must state the conditions under which the policy will not be renewed. This is defined as? A. Conditionally Renewable B. Guaranteed Renewable C. Optionally Renewable D. None of the Above - CORRECT ANSWERS A. Conditionally Renewable A(n) __________ provides comprehensive health services to its members for a prepaid fixed fee, equivalent to an insurance premium. Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING Provides indemnification to the insured for basic hospitalization of room and board in the hospital, nursing care, laboratory fees, operating room, medical supplies, etc. This is defined as? A. Hospitalization Expense B. Hospital Indemnity C. Accident Policy D. All of the above - CORRECT ANSWERS A. Hospitalization Expense The coverage that is intended to afford protection against catastrophic losses is defined as? A. Major Medical B. HMO C. PPO D. None of the Above - CORRECT ANSWERS A. Major Medical Provides coverage for expenses, including loss of income, arising from an accident. This is defined as? Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING A. Accident Insurance B. Hospitalization C. Hospital Policy D. None of the Above - CORRECT ANSWERS A. Accident Insurance Define the coverage that pays a flat amount per day for hospitalization, regardless of expenses or other insurance: A. Hospitalization B. Hospital Indemnity C. Hospital Services D. All of the Above - CORRECT ANSWERS B. Hospital Indemnity All the following are eligible for full coverage (Liability, PIP, Med Pay, and Physical Damage) in the Florida Automobile (FAJUA) EXCEPT: A. Members of the Armed Forces stationed in Florida who own a Private Passenger Vehicle. B. The owner of a light (6000lb.) commercial vehicle C. Non-residents who are subject to Florida's No-Fault law Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING D. Legal residents of Florida who lease a vehicle for 1 year or more. - CORRECT ANSWERS B. The owner of a light (6000lb.) commercial vehicle To be eligible for coverage under the Florida Workers Compensation JUA (FWCJUA), the applicant must have been turned down by at least two voluntary carriers and not be indebted for any previous unpaid WC premiums. A. True B. False - CORRECT ANSWERS A. True Once a risk is assigned to a Servicing Carrier in the FAJUA, the carrier owns the premium and the losses for that risk. A. True B. False - CORRECT ANSWERS B. False To make needed Homeowner Insurance available, Citizens must insure all risks that cannot find insurance in the voluntary market. Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING C. Alien Company D. Unadmitted Company - CORRECT ANSWERS B. Foreign Company Unlike a Customer Representative, a General Lines Claim Adjuster need not be appointed with the Department of Financial Services. A. True B. False - CORRECT ANSWERS B. False Defaming a competitor company or agent is not only unprofessional, it can also result in a license suspension. A. True B. False - CORRECT ANSWERS A. True While selling an Automobile policy to a customer, an agent tells them that they are also required to purchase an Emergency Road Service Plan, even though that is not true. This is an example of: A. Misrepresentation Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING B. Lack of fitness C. Deception D. Sliding - CORRECT ANSWERS D. Sliding A licensed General Lines Claim Adjuster is required to complete how many hours of continuing education every two years? A. 6 B. 12 C. 18 D. 24 - CORRECT ANSWERS D. 24 After pleading guilty or no contest to a felony, a licensed individual has _________ days to inform the Department? A. 15 B. 60 C. 30 D. 45 - CORRECT ANSWERS C. 30 Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING A General Lines Claim Adjuster is required to obtain the same number of Continuing Education hours as a licensed Customer Service Representative. A. True B. False - CORRECT ANSWERS B. False The voluntary or intentional relinquishment of a known right is defined as a(n): A. Waiver B. Estoppel C. Avoidance of Performance D. None of the Above - CORRECT ANSWERS A. Waiver All of the following are requirements for the "Code of Ethics," except: A. Adjusters should not give legal advice B. Adjusters may negotiate with a claimant who is represented by an attorney Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING The assertion of an alleged legal right against an insurer, which carries with it a demand for appropriate relief, is defined as: A. Adjustment B. Summons C. Claim D. None of the Above - CORRECT ANSWERS C. Claim A written statement given by the insured to the insurer acknowledging that money received in the settlement of damages is received, not as a final payment, but as an advance pending an outcome of a claim against the person responsible for the damage. This is defined as a(n): A. Loan Receipt B. Subrogation Loan C. Full Release Statement D. Partial Release Statement - CORRECT ANSWERS A. Loan Receipt Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING One who is involved in the investigation, adjustment, negotiation and/or trial preparations of claims arising under insurance policies is defined as: A. Insurance Agent B. General Lines Agent C. Claims Adjuster D. All of the Above - CORRECT ANSWERS C. Claims Adjuster Damaged property that may be retrieved, reconditioned and sold to reduce an insured loss is defined as: A. Junk B. Salvage C. Covered Property D. Peril - CORRECT ANSWERS B. Salvage The process of disposing of an insurance claim is defined as: A. Adjusting Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING B. Claims Management C. Adjustment D. None of the Above - CORRECT ANSWERS A. Adjusting Relieving the financial burden on the claimant by making certain payments to the claimant even before the claim can be negotiated is defined as: A. Advanced Payment B. Full Release Settlement C. Non-Advanced Payment D. Scheduled Payment - CORRECT ANSWERS A. Advanced Payment Which of the following are not considered to be an adjuster: A. Employee or Staff Adjuster B. Independent Adjuster C. Public Adjuster D. General Lines Adjuster - CORRECT ANSWERS D. General Lines Adjuster Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING An adjuster who is self employed and not affiliated with either insurers or bureaus is defined as a(n): A. Fee Adjuster B. Public Adjuster C. Bureau Adjuster D. Independent Adjuster - CORRECT ANSWERS D. Independent Adjuster A relationship that requires maintenance of a high degree of fidelity and loyalty to the interests of the principal, whether or not the adjuster is a direct employee is defined as: A. Fiduciary B. Estoppel C. Public D. None of the Above - CORRECT ANSWERS A. Fiduciary The authority given by an insurer or employer to a licensee to transact insurance or adjust claims on behalf of an insurer or employer is defined as: Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING A. Appointment B. Express Authority C. Registered D. Certificate of Authority - CORRECT ANSWERS A. Appointment A licensed and appointed All-lines Adjuster may solicit business on behalf of a licensed Public Adjuster only if under the supervision of that licensed Public Adjuster. A. True B. False - CORRECT ANSWERS B. False Any material which is or may have been a motor vehicle or mobile home, which is not a major part or major component part, 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 for its component parts, or a combination of the two. This is defined as: A. Junk B. Derelict Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING C. Major Component Parts D. None of the Above - CORRECT ANSWERS B. Derelict When making any payment for damage to an automobile for a partial loss, the insurer shall have printed on the loss settlement, "Failure to use the insurance proceeds in accordance with the security agreement, if any, could be a violation of s.812.014, Florida Statutes." This is payment for a(n): A. Third Party Claim B. Two Party Claim C. Derivative Claim D. All of the Above - CORRECT ANSWERS A. Third Party Claim A motor vehicle or mobile home which is a total loss is defined as: A. Lost Profit B. Salvage C. Salvageable D. All of the Above - CORRECT ANSWERS B. Salvage Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING D. All of the Above - CORRECT ANSWERS D. All of the Above An agent who transacts any one or more of the following types of insurance: Property, Casualty, Surety, Marine, and Health is defined as a(n): A. Customer Service Representative B. Adjuster C. Health Agent D. General Lines Agent - CORRECT ANSWERS D. General Lines Agent Which of the following are reasons for refusal, suspension or revocation of a license or appointment? A. Lack of Qualifications B. Failure to Pass State Examinations C. Fraudulent or Dishonest Practices D. All of the Above - CORRECT ANSWERS D. All of the Above Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING An agent representing a health maintenance organization , or as to health insurance only, an insurer transacting health insurance is defined as a(n): A. Health Agent B. Health Representative C. HMO Agent D. None of the Above - CORRECT ANSWERS A. Health Agent Every licensee shall notify the department, in writing, after a change of name, residence address, principal business street address and/or mailing address within how many days? A. 60 B. 30 C. 15 D. 90 - CORRECT ANSWERS B. 30 The District of Columbia and any state or territory of the United States in which an insurance agent maintains his or her principal place of residence or principal place of business and is licensed to act as an insurance agent. This is defined as: Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING A. Business Territory B. Home Territory C. Home State D. None of the Above - CORRECT ANSWERS C. Home State How many continuing education hours must an insurance adjuster complete every 2 years? A. 12 B. 20 C. 24 D. 14 - CORRECT ANSWERS C. 24 An individual representing an insurer as to life insurance and annuity contracts, including agents appointed to transact life insurance, fixed- dollar annuities, or variable contracts by the same insurer is defined as: A. Life Agent B. Life Representative Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING B. 2 years C. 3 years D. 4 years - CORRECT ANSWERS A. Forever "Upon successful completion of this class, what should you do next to obtain your Insurance license?" A. Retain your original Certificate of Completion with your important records. B. Schedule your fingerprint reservation C. Apply online at https://aalf.fldfs.comLinks to an external site. D. All of the above - CORRECT ANSWERS D. All of the above How can you determine how many continuing education hours you need to complete to keep your license active? A. Call the Florida Department of Financial Services (FLDFS); they can obtain that information for you. B. Visit the Florida Department of Financial Services website to view your compliance requirement and transcripts. Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING C. Contact Department of Business and Professional Regulation (DBPR); they can obtain that information for you. D. Both 1 and 2. - CORRECT ANSWERS D. Both 1 and 2. Which statement is FALSE? AYou must take and pass the course final exam with a minimum score of 70%. B. You will have two attempts to successfully complete the exam. C. Upon successful completion of this course you are guaranteed to pass the state examination. D. "After satisfactorily completing the Course requirements, an official certificate of completion will be provided to you within 2 weeks." - CORRECT ANSWERS C. Upon successful completion of this course you are guaranteed to pass the state examination. Florida Claims Adjuster Exam EXAM 6-20 Claims Adjuster 154QESTIONS AND ALL ANSWERS ARE VERIFIED2023/2024 BEST EXAM FOR NURSING