Florida Claims Adjuster Exam||| ACTUAL BUNDLE 2024/2025||FULL PACKAGED SOLUTION ( A GRADED 100% VERIFIED)

A public adjuster represents the interest of: A. The insurer B. The Insured C. The employer D. The interest of the general public - ANSWER B. The insured Which of the following is the type of report that indicates the initial results of a claim investigation? A. Field Report B. Interim ...

A claim in the property/casualty industry Is defined as: - ANSWER an assertion of an alleged legal right against a person, entity, company or insurer that carries with it a demand for money as compensation for injuries or damages when you purchase insurance, you are buying: - ANSWER peace of mind...

Insurance - ANSWER transfer of risk by contract to insurers who agree to indemnify insureds for losses Risk - ANSWER chance of loss pure risk - ANSWER only outcomes are loss or no loss personal risk - ANSWER premature death, insufficient income, poor health, unemployment ...

(100% CORRECT ANSWERS) The insurer and insured agree to a specific value of insured item - ANSWER Agreed Value Policies Someone who has care, custody or control of another's property - ANSWER Bailee Claim filed by policy holder against his _ - ANSWER First Party Claim When a p...

What requirements must Wholesalers and Distributors meet in order to be eligible for a BOP? - ANSWER 25% or less of floor space is available to the general public, and less than 25% of gross income may come from retail sales. The first step in the claim process is to - ANSWER Determining ...

What is insurance? - ANSWER protection against financial loss what is a premium - ANSWER a scheduled amount to be paid for an insurance policy. What are premiums used for - ANSWER premiums are collected into a "pool" or "reserve to pay out claimants when needed. how can in...

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 - ANSWER C. Loss Settlement Contract The Insurers responsibility to pay for a property loss may...

At the end of this course, you must do which of the following? Pass the final course exam with a scored of 70% or higher Print your certificate from this website Apply for your Insurance Adjuster license at the Florida Department of Financial Services website at All of the above - ANSW...

Accumulated Depreciation - ANSWER The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Actual Cash Value (ACV) - ANSWER A valuation method used by insurers to reflect an item's current market value right before being damaged ...

Actual Cash Value (ACV) - ANSWER Cost to replace property with new property of like kind and quality less depreciation. Combined Single Limit - ANSWER One limit per occurrence is what we pay up to Split limit - ANSWER What we pay up to per person and per occurrence Deductible...

What is the primary difference between a staff adjuster and an independent adjuster? - ANSWER A staff adjuster works for an insurance company and an independent adjuster works independently for themselves or for adjusting firms who represent many clients. A couple has insured their home for $...

Multi Peril-Package - ANSWER Any policy which provides property & liability coverage (not homeowner) ISO policy - ANSWER Sold in Texas, but not Texas form Only Texas DP 1 - ANSWER Mainly the only TDP sold, now with plethora of endorsements Texas Standard Fire Policy - ANSWER ...