Florida Test Study Guide - Public Adjusting 3-20 (Set 1)| 92 QUESTIONS|10PAGES updated 202, Exams of Nursing

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Florida Test Study Guide - Public Adjusting 3-20 (Set 1)| 92 QUESTIONS| 10 PAGES Florida Test Study Guide - Public Adjusting 3-20 (Set 1)| 92 QUESTIONS| 8 PAGES updated 2023/2024 Florida Test Study Guide - Public Adjusting 3-20 (Set 1)| 92 QUESTIONS|10PAGES updated 2023/2024 Those who are eligible for coverage under the Florida Automobile Joint Underwriting Association are? - Correct AnswersMilitary Personnel A non-resident owning an automobile in Florida A non-resident subject to Florida no-fault law A forcible entry into locked premises and the carrying away of the property of others is a definition of: - Correct AnswersBurglary The inland marine coverage form that covers clothing, cameras and other portable property worn and carried by tourists and travelers is a: - Correct AnswersPersonal effects floater A residual market to alleviate the temporary unavailability of property insurance coverage in significant portions of Florida (e.g. homeowners face non-renewal or cancellations) - Correct AnswersResidential Property & Casualty Joint Underwriting Association for property owners. What does the property insurance term "improvements and betterment" apply to? - Correct AnswersReal Property The penalty imposed upon a Florida licensee who violates a cease and desists order issued by the CFO: - Correct Answers$50,000 Fine What is amount is personal property used for business purposes, under a Homeowners policy covered up to - Correct Answersup to $2500 on premises up to $1500 off premises If a replacement costs exists, but the insured has a policy for only 50% of the replacement cost, what percentage will the insured received for the loss? - Correct Answers50% of the settlement amount Florida Test Study Guide - Public Adjusting 3-20 (Set 1)| 92 QUESTIONS| 10 PAGES Florida Test Study Guide - Public Adjusting 3-20 (Set 1)| 92 QUESTIONS| 8 PAGES updated 2023/2024 A statement that is believed to be true when made, which my prove to be false. - Correct AnswersRepresentation A statement that is guaranteed to be correct: - Correct AnswersWarranty When can an insured cancel his/her policy? - Correct AnswersAt any time. In Florida, how many days in advance of a premium due date must an auto insurer provide notice of renewal to an insured? - Correct Answers30 days written notice What deductibles are subject to any aircraft physical damages that differ according to circumstances surrounding a given loss? - Correct AnswersIn-flight Ded (greatest amount) Not-in-Motion (least amount) They apply independently based on the actual loss Uninsured Motorist's Coverage form, the insured can request: - Correct AnswersNon-stacked Coverage Stacked Coverage UM coverage at the limits lower than those that apply for liability coverage If a mortgage is acknowledged in the policy and the insured concealed the fact that a hazard exists to the insurance company, would the mortgage have a right to recover its full loan value? - Correct AnswersYes Under Florida Comparative Negligence law how much would one be able to recover if they were found 25% at fault? - Correct Answers75% (the difference) If a claimant is under the influence of drugs and/or alcohol and is found to be 50% or more at fault, how much can they recover? - Correct Answers$0.00 A commercial property coverage part includes: - Correct AnswersCommon policy conditions Commercial property declarations One or more causes of loss forms Florida Test Study Guide - Public Adjusting 3-20 (Set 1)| 92 QUESTIONS| 10 PAGES Florida Test Study Guide - Public Adjusting 3-20 (Set 1)| 92 QUESTIONS| 8 PAGES updated 2023/2024 Someone, other than the insured, to whom the insured property is entrusted "temporarily" is known as a: - Correct AnswersBailee Name three claim settlement options: - Correct AnswersRepair Replace with LKQ Replace with New When are non-residents subject to florida's insurance laws if a motor vehicle has been physically present in florida? - Correct Answers90 days during the preceding year When can an insured assign a policy to another policy? - Correct AnswersOnly with written consent from the insurer Name the exclusions under the DP-2 Dwelling form: - Correct AnswersFlood, Earthquake, Mudslides. What is considered to be the most important implied warranty under a Ocean Marine Policy? - Correct AnswersSeaworthiness of the Vessel Taking property by force or the threat of force is defined as: - Correct AnswersRobbery Requirements that truckers be financially responsible for cargo they carry are imposed by: - Correct AnswersState and Federal Government What is the standard deductible for each coverage under the "emergency flood program"? - Correct Answers$2,000.00 Under a HO-3 Policy, there is no coverage for loss resulting from "earth movement" except when endorsed using: - Correct AnswersEarthquake Endorsement An earthquake endorsement defines a single earthquake as all earthquake shocks within what period? - Correct Answers72 Hour Period Earthquake peril is defined to include: - Correct Answersland shock waves or tremors accompanied by volcanic eruption Florida Test Study Guide - Public Adjusting 3-20 (Set 1)| 92 QUESTIONS| 10 PAGES Florida Test Study Guide - Public Adjusting 3-20 (Set 1)| 92 QUESTIONS| 8 PAGES updated 2023/2024 Name the endorsement used on the dwelling policy to keep values current with the replacement cost of the buildings (inflation of construction costs) - Correct AnswersThe Automatic Increase Endorsement What coverage should be added to the Business Owners Coverage Form if the named insured's employees use their own vehicles to run errands when the insured does not have commercial auto coverage? - Correct AnswersNon-Owned and Hired What is coverage based on under the commercial property condominium association form? - Correct AnswersAssociation agreement and bylaws Name the excluded types of property under the Commercial Building and Personal Property Form. - Correct AnswersAnimals (unless for sale) Autos Money The BOP 2010 has extended the time for loss of income under an act of civil authority. Was is the length of the time? - Correct AnswersFour Weeks How long must all claim files be maintained and available for open and closed files for the current and the preceding year? - Correct Answers3 Years DP-3 only provides damage to covered property caused by: - Correct AnswersBurglars The HO-3 policy limits the theft of money to what amount? - Correct Answers$200.00 In addition to the max coverage under an equipment breakdown protection policy, what other expenses in addition to the limits of coverage will the insurer pay? - Correct AnswersLegal Fees What is the prime coverage under flood insurance? - Correct AnswersOverflow of inland or tidal water Florida Test Study Guide - Public Adjusting 3-20 (Set 1)| 92 QUESTIONS| 10 PAGES Florida Test Study Guide - Public Adjusting 3-20 (Set 1)| 92 QUESTIONS| 8 PAGES updated 2023/2024 Under the DP-1 basic form what is excluded? - Correct Answerswar earthquake landslide Volcanic eruption can be found on which type of policy? - Correct AnswersThe basic dwelling policy A Scheduled Personal Property endorsement under a Personal Inland Marine Policy is usually settled on - Correct AnswersACV or Agreed Mutual Basis A Scheduled Personal Property endorsement under a Personal Inland Marine Policy is usually issued on: - Correct AnswersAn Open Peril Which section explains the important terms used throughout the contract? - Correct AnswersDefinitions Under a dwelling broad or special form, what is the maximum that would be paid for "loss of use"? - Correct Answers20% of the Dwelling Coverage Though multiple parties may be involved in a lawsuit, the opposing sides are referred to as: - Correct AnswersPlaintiff and Defendant Exclusions under the theft, disappearance and destruction coverage form. - Correct AnswersFire Vandalism Accounting Errors The theft disappearance and destruction coverage form is designed to cover - Correct AnswersCriminal Activities of customer and others What is covered by a SP-23 protection and indemnity policy? - Correct AnswersLoss of life, Injury and illness Collision liabilities including defence costs Damage to docks, buoys and other structures