FLORIDA INSURANCE ADJUSTER LICENSING TEST
EXAM STUDY MATERIALS QUESTION AND
ANSWERS (VERIFIED ANSWERS)
1. **The policy period is found in what part of an insurance contract?**
- A) Declarations
- B) Conditions
- C) Exclusions
- D) Endorsements
**ANSWER:** A) Declarations
2. **Insurance policies are said to be contracts of:**
- A) Negotiation
- B) Adhesion
- C) Mutual consent
- D) Personal agreement
**ANSWER:** B) Adhesion
3. **The failure to exercise due care is known as:**
- A) Fraud
- B) Negligence
- C) Breach of contract
,ESTUDY
- D) Misrepresentation
**ANSWER:** B) Negligence
4. **A building is destroyed by flood. The loss of profits from renting the building is considered:**
- A) Direct Loss
- B) Indirect Loss
- C) Property Damage
- D) Personal Injury
**ANSWER:** B) Indirect Loss
5. **The notice required for cancellation of Auto Binders is:**
- A) 3 days
- B) 5 days
- C) 10 days
- D) 30 days
**ANSWER:** B) 5 days
6. **Property Insurance means:**
- A) Insurance where payment is made to the insured’s beneficiary
- B) Insurance where payment is made directly to the insured
- C) Insurance covering property loss only
- D) Insurance for liability coverage
, ESTUDY
**ANSWER:** B) Insurance where payment is made directly to the insured
7. **An insurance contract is based on the principle of:**
- A) Indemnity
- B) Utmost good faith
- C) Subrogation
- D) Risk pooling
**ANSWER:** B) Utmost good faith
8. **Two kinds of waivers are:**
- A) Formal and Informal
- B) Temporary and Permanent
- C) Express and Implied
- D) Conditional and Unconditional
**ANSWER:** C) Express and Implied
9. **Proximate cause is the ____ between the occurrence and damage which grows ____ the
occurrence:**
- A) Weak connection
- B) Indirect connection
- C) Unbroken connection
- D) Limited connection
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