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Florida Test Study Guide - Public Adjusting 3-20 (Set 1) Q&A
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Florida Test Study Guide - Public Adjusting 3-20 (Set 1) Q&A
Those who are eligible for coverage under the Florida Automobile Joint
Underwriting Association are? Correct Ans - Military 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 Ans - Burglary
The inland marine coverage form that covers clothing, cameras and other
portable property worn and carried by tourists and travelers is a: Correct
Ans - Personal 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 Ans - Residential Property &
Casualty Joint Underwriting Association for property owners.
What does the property insurance term "improvements and betterment"
apply to? Correct Ans - Real Property
The penalty imposed upon a Florida licensee who violates a cease and desists
order issued by the CFO: Correct Ans - $50,000 Fine
What is amount is personal property used for business purposes, under a
Homeowners policy covered up to Correct Ans - up 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 Ans - 50% of the settlement amount
A statement that is believed to be true when made, which my prove to be false.
Correct Ans - Representation
, A statement that is guaranteed to be correct: Correct Ans - Warranty
When can an insured cancel his/her policy? Correct Ans - At 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 Ans - 30 days
written notice
What deductibles are subject to any aircraft physical damages that differ
according to circumstances surrounding a given loss? Correct Ans - In-
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 Ans
- Non-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 Ans - Yes
Under Florida Comparative Negligence law how much would one be able to
recover if they were found 25% at fault? Correct Ans - 75% (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 Ans - $0.00
A commercial property coverage part includes: Correct Ans - Common
policy conditions
Commercial property declarations
One or more causes of loss forms
When an insurance adjuster advises an insured to misrepresent the claim by
suggesting how to report a claim, the adjuster should be charged with:
Correct Ans - Unfair Claims Act
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