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FLORIDA 3-20 PUBLIC ADJUSTER STATE LICENSE FINAL EXAM NEWEST ACTUAL EXAM COMPLETE 100 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+ $30.49
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FLORIDA 3-20 PUBLIC ADJUSTER STATE LICENSE FINAL EXAM NEWEST ACTUAL EXAM COMPLETE 100 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+
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Course
FLORIDA 3-20 PUBLIC ADJUSTER STATE LICENSE
Institution
FLORIDA 3-20 PUBLIC ADJUSTER STATE LICENSE
FLORIDA 3-20 PUBLIC ADJUSTER STATE
LICENSE FINAL EXAM NEWEST
ACTUAL EXAM COMPLETE 100
QUESTIONS AND CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS)
|ALREADY GRADED A+
FLORIDA 3-20 PUBLIC ADJUSTER STATE
LICENSE FINAL EXAM NEWEST 2024-2025
ACTUAL EXAM COMPLETE 100
QUESTIONS AND CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS)
|ALREADY GRADED A+
FLORIDA 3-20 PUBLIC ADJUSTER STATE
An insurer domiciled outside the state where it writes insurance
- ANSWER- Foreign
A state officer who administers the state's insurance laws and
regulations - ANSWER- Commissioner
Used as a promise to accept a bid if awarded to a company -
ANSWER- Bid bond
Damaged property an insurer takes over to reduce their loss after
paying a claim - ANSWER- Salvage
Factual statements upon which an insurance policy is based -
ANSWER- Representations
,2|Page
A contract between two parties that offer the consumer little to
no leeway to negotiate the terms of the contract - ANSWER-
Contract of adhesion
Publication in any media by the insured about goods or services
- ANSWER- Advertisements
Also known as Absolute Liability, based on the theory of the
duty of making something sage that is inherently dangerous -
ANSWER- Strict Torts
A house, structure, also referred to as a "primary risk" -
ANSWER- Dwelling
Condition enforced by the courts to do something bound under
law or in a contract - ANSWER- Strict Torts
Amount of loss paid by the policy holder - ANSWER-
Deductible
Violation of an agreement between a seller and buyer in
reference to the condition, content, quality, or title of an item
sold - ANSWER- Breach of Warranty
, 3|Page
Compensation, reparation - ANSWER- Indemnify
Provides property coverage on a contractor's interest in
equipment intended for permanent installation while it is being
transported, unloaded, and installed - ANSWER- Installation
Floater
A beneficiary of a contract only as a result of the First Party's
negligence - ANSWER- Third Party
Reinsurance agreement where the insurers involved will pay
claims in direct relationship with the % of the risk that they are
insuring - ANSWER- Quota Share
Sharing the cost of replacement - ANSWER- Risk Sharing
A legal action filed by one or more persons on behalf of
themselves and others having an identical interest in the alleged
wrongdoing - ANSWER- Class-Action
A specific risk or cause of loss covered by an insurance policy,
such as fire, windstorm, flood, theft, etc. - ANSWER- Peril
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