FLORIDA 3-20 PUBLIC ADJUSTER STATE LICENSE FINAL EXAM NEWEST ACTUAL EXAM COMPLETE 200 QUESTIONS AND CORRECT DETAILED ANSWERS
3 views 0 purchase
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
200 QUESTIONS AND CORRECT DETAILED ANSWERS
FLORIDA 3-20 PUBLIC ADJUSTER
STATE LICENSE FINAL EXAM NEWEST
ACTUAL EXAM COMPLETE
200 QUESTIONS AND CORRECT DETAILED ANSWERS
FLORIDA 3-20 PUBLIC ADJUSTER ...
FLORIDA 3-20 PUBLIC ADJUSTER
STATE LICENSE FINAL EXAM NEWEST
2024-2025 ACTUAL EXAM COMPLETE
200 QUESTIONS AND CORRECT DETAILED 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 person who entrusts another with an object and it results in
injury to someone can be held liable for the injury
to someone. Can be held liable for the injury i.e. Firearm or
DWI - ANSWER-Negligent Entrustment
Hazard that results from a conscious decision made by an insured to
participate in a manner or behavior more likely
to result in a loss because they have
insurance - ANSWER-Moral Hazard
,Used to provide temporary insurance coverage until an insurance
policy can be written - ANSWER-Binder
Required by lenders to guarantee that outstanding loans against
a job are paid upon completion - ANSWER-
Completion
Bonds
The section of an insurance policy identifying the insured,
endorsements, coverages, limits, and premiums -
ANSWER-
Declarations
Policyholder cannot transfer the policy to someone else without
written permission from their insurance company -
ANSWER-
Assignment
An instance, behavior or environment that increases the likelihood of
a loss on an insured item - ANSWER-Hazard
Actual cause or source of an incidence of destruction, injury, or loss -
ANSWER-Peril
An insurance company organized and domiciled outside the US -
ANSWER-Alien
,When there is an unbroken chain of events between an occurrence
and a loss, then the loss is part of the original
occurrence - ANSWER-
Proximate Cause
Is proximate cause of all subsequent damages - ANSWER-Original
Occurance
An individual who contracts with an adjusting firm as an independent
contractor and handles claims for the insurance
companies - ANSWER-
Independent Adjuster
Action or practice of the insured party is permitted to continue
because any defense against a continuation of said
action or practice has been waived by the
insurer - ANSWER-Estoppel
Operate for profit, collect premiums, reserve a portion of premiums to
pay claims - ANSWER-Commercial Insurers
Any person who investigates or adjusts losses on behalf of
either an insurer or a self-insured - ANSWER-
Independent
Adjuster
, The result of an insured's tort or wrongdoing. Consequences of
a loss or amount or type of losses suffered -
ANSWER-
Damages
Requires the insured to insure the named property for a specific
amount of insurance as required by the insurance
company - ANSWER-
Agreed Value
Physical harm to tangible property caused by peril (loss to
property or person in which a covered peril is the
proximate cause of damage or
destruction) - ANSWER-Direct loss
The entity that is the "recipient" to the Principal - ANSWER-Obligee
Insurance contracts are written on a take it or leave it basis to the
policy owner. - ANSWER-Adhesion
Event or circumstance that causes damage - ANSWER-Occurance
Coverage provides for payment of losses if civil authority denies
access to the insured premises due to a covered
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller nyagajoseph539. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $25.59. You're not tied to anything after your purchase.
