Florida Public Adjuster (Set 2)| 70 questions| with complete solutions
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Course
Public Adjuster
Institution
Liberty University
A new, unused vehicle is not required to be inspected prior to obtaining physical damage insurance coverage if the insurer is provided with: Correct Answer: the insured can prove to the insurer with a bill of sale that the vehicle is a new/unused car.
If an appointed agent says a certain claim ...
florida public adjuster set 2| 70 questions| with complete solutions
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Liberty University
Public Adjuster
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Florida Public Adjuster (Set 2)| 70 questions|
with complete solutions
A new, unused vehicle is not required to be inspected prior to obtaining physical damage
insurance coverage if the insurer is provided with: Correct Answer: the insured can prove to the
insurer with a bill of sale that the vehicle is a new/unused car.
If an appointed agent says a certain claim is covered, the insurer must cover that claim. The
insurer would be prohibited from or estopped from denying it, even if the policy clearly excluded
the claim. This is known as: Correct Answer: Estoppel
Sprinkler Leakage Insurance does not provide coverage for: Correct Answer: Growing Crops
(Crop insurance is separate)
Personal Property under HO-3 is covered on a Correct Answer: Named Peril basis
Personal Property under HO-5 is covered on Correct Answer: an open peril basis
Debris removal is included in the dwelling and contents coverage, but is limited to Correct
Answer: reasonable expenses
If a commercial building has been vacant for more than 60 days, the following peril(s) are
affected as regards to coverage: Correct Answer: Vandalism
Freezing
Fire
A personal insurance policy that includes both personal property and personal liability coverages
without endorsement: Correct Answer: Homeowners Policy
Under a Commercial Package Policy, how many days does one have to notify the insurance
company of a claim? Correct Answer: The insurer must notify promptly. The number of days
are not specific.
What are the continuing education requirements for public adjusters? Correct Answer: 24 hours
of continuing education (5 hours law and ethics/ 19 hours online approved course by the DFS for
public adjusters)
A policy which the policyholder is required to report the values of insured property to the
company at certain intervals is known as a: Correct Answer: Reporting Form Policy
Reporting form policy requires the insured to insure the property at what %? Correct Answer:
100%
, Reporting form policy requires the insured to report what % of the value of the insured property?
Correct Answer: 100%
Medical Payment Coverage under a homeowner policy excludes: Correct Answer: anyone living
in the insured residence.
Under the BOP, up to how many years can the insurer request to examine the books and records
of an insured? Correct Answer: 3 years
How much are damaged or loss to signs limited to even when it is attached to the building and
considered part of the building? Correct Answer: $1000
Name a common feature to most property insured under a commercial inland marine policy.
Correct Answer: Usually in Transit
What is an unendorsed commercial building and personal property form, loss valuation based
on? Correct Answer: ACV
Common carriers are responsible for damage to customer goods they transport except for
damage resulting from: Correct Answer: Acts of God
Commercial Property Builders Risk Coverage Form covers: Correct Answer: Buildings under
construction
Foundation of a building under construction
Fixtures, machinery, and equipment used to service the building if they become a permanent part
of the building and are located within 100 feet of the premises
Under the BOP, how much is paid for pollution clean-up and removal in case of a covered loss?
Correct Answer: $10,000
Every licensee must notify the Department of a change of business address within: Correct
Answer: 30 days
DP-2 virtually excludes all forms of what? Correct Answer: Earth Movement
What type of coverage provides coverage for all perils, unless that peril is specifically excluded?
Correct Answer: Open Perils
An adjuster in Florida has moved and changed his address without notifying the Department
within the required period of time. What monetary penalty can be imposed by the Department?
Correct Answer: $250 for the first offence and a fine of $500 or suspension or revocation of the
license for a subsequent offence.
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