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Florida Test Study Guide - Public Adjusting 3-20 (Set 1) Questions And ANSWERS.
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Florida Test Study Guide - Public Adjusting 3-20 (Set 1) Questions And ANSWERS.
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Florida Test Study Guide - Public Adjusting 3-20 (Set1) Questions And ANSWERS
Those who are eligible for coverage under the Florida Automobile Joint Underwriting Association are? -
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(correct answer) -Military Personnel
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A non-resident owning an automobile in Florida
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A non-resident subject to Florida no-fault law
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A forcible entry into locked premises and the carrying away of the property of others is a definition of: -
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(correct answer) -Burglary
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The inland marine coverage form that covers clothing, cameras and other portable property worn and
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carried by tourists and travelers is a: - (correct answer) -Personal effects floater
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A residual market to alleviate the temporary unavailability of property insurance coverage in significant
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portions of Florida (e.g. homeowners face non-renewal or cancellations) - (correct answer) -Residential
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Property & Casualty Joint Underwriting Association for property owners.
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What does the property insurance term "improvements and betterment" apply to? - (correct answer) -
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Real Property yi
The penalty imposed upon a Florida licensee who violates a cease and desists order issued by the CFO: -
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(correct answer) -$50,000 Fine
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What is amount is personal property used for business purposes, under a Homeowners policy covered
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up to - (correct answer) -up to $2500 on premises
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, up to $1500 off premises
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If a replacement costs exists, but the insured has a policy for only 50% of the replacement cost, what
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percentage will the insured received for the loss? - (correct answer) -50% of the settlement amount
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A statement that is believed to be true when made, which my prove to be false. - (correct answer) -
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Representation
A statement that is guaranteed to be correct: - (correct answer) -Warranty
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When can an insured cancel his/her policy? - (correct answer) -At any time.
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In Florida, how many days in advance of a premium due date must an auto insurer provide notice of
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renewal to an insured? - (correct answer) -30 days written notice
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What deductibles are subject to any aircraft physical damages that differ according to circumstances
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surrounding a given loss? - (correct answer) -In-flight Ded (greatest amount)
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Not-in-Motion (least amount) yi yi
They apply independently based on the actual loss
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Uninsured Motorist's Coverage form, the insured can request: - (correct answer) -Non-stacked
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Coverage
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Stacked Coverage yi
UM coverage at the limits lower than those that apply for liability coverage
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If a mortgage is acknowledged in the policy and the insured concealed the fact that a hazard exists to
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the insurance company, would the mortgage have a right to recover its full loan value? - (correct
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answer) -Yes
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