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FLORIDA CLAIMS ADJUSTER EXAM 2023 206 QUESTIONS AND ANSWERS ALREADY PASSED Frank owned a home that was destroyed by a hurricane. Both ABC and XYZ Banks were listed as additional interests on his homeowner policy. The insurance company will make a payment to: A. The first mortgagee, ABC B...
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Add to cartFLORIDA CLAIMS ADJUSTER EXAM 2023 206 QUESTIONS AND ANSWERS ALREADY PASSED Frank owned a home that was destroyed by a hurricane. Both ABC and XYZ Banks were listed as additional interests on his homeowner policy. The insurance company will make a payment to: A. The first mortgagee, ABC B...
nception/Expiration Date - CORRECT ANS an insurance policy covers the insured starting at 12:01am on the day on which coverage begins and expires at 12:01am on the expiration day of the policy. Occurrence Date - CORRECT ANS Date of which the loss occurred Identification of parties involved - C...
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Add to cartnception/Expiration Date - CORRECT ANS an insurance policy covers the insured starting at 12:01am on the day on which coverage begins and expires at 12:01am on the expiration day of the policy. Occurrence Date - CORRECT ANS Date of which the loss occurred Identification of parties involved - C...
Manny is purchasing a Commercial Property policy with a Business Income form included. Manny can select from any of the following as a method to provide coverage, while avoiding the coinsurance requirement, EXCEPT: - CORRECT ANS The maximum monthly limit of indemnity optional coverage The tra...
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Add to cartManny is purchasing a Commercial Property policy with a Business Income form included. Manny can select from any of the following as a method to provide coverage, while avoiding the coinsurance requirement, EXCEPT: - CORRECT ANS The maximum monthly limit of indemnity optional coverage The tra...
Accumulated Depreciation - CORRECT ANS The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Acreage Reporting Date - CORRECT ANS The deadline for providing the insurer with an acreage report, which is used to determine the amount of...
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Add to cartAccumulated Depreciation - CORRECT ANS The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Acreage Reporting Date - CORRECT ANS The deadline for providing the insurer with an acreage report, which is used to determine the amount of...
Adjuster Licensing Class 2023 With verified solutions The amount the insured must pay in a loss before any payment is due is known as? - CORRECT ANS Deductible What is a partial legal defense that reduces the amount of damages that a person can recover based upon the amount that this person...
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Add to cartAdjuster Licensing Class 2023 With verified solutions The amount the insured must pay in a loss before any payment is due is known as? - CORRECT ANS Deductible What is a partial legal defense that reduces the amount of damages that a person can recover based upon the amount that this person...
Multi Peril-Package - CORRECT ANS Any policy which provides property & liability coverage (not homeowner) ISO policy - CORRECT ANS Sold in Texas, but not Texas form Only Texas DP 1 - CORRECT ANS Mainly the only TDP sold, now with plethora of endorsements Texas Standard Fire Policy - CORRECT A...
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Add to cartMulti Peril-Package - CORRECT ANS Any policy which provides property & liability coverage (not homeowner) ISO policy - CORRECT ANS Sold in Texas, but not Texas form Only Texas DP 1 - CORRECT ANS Mainly the only TDP sold, now with plethora of endorsements Texas Standard Fire Policy - CORRECT A...
All of the following are exempted from the requirement of an adjuster's license examination except: A. Those persons holding CPCU designation; B. those persons adjusting workers compensation claims; C. Those persons who have received the Associate in Claims (AIC) designation; D. Those persons...
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Add to cartAll of the following are exempted from the requirement of an adjuster's license examination except: A. Those persons holding CPCU designation; B. those persons adjusting workers compensation claims; C. Those persons who have received the Associate in Claims (AIC) designation; D. Those persons...
Texas adjuster Exam 2023 With verified solutions If an automobile policy has split limits of 30/60/25. What is the maximum amount of liability coverage that would be paid in a covered loss where three people are involved. - CORRECT ANS $30,000 Which of the following statements best describes...
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Add to cartTexas adjuster Exam 2023 With verified solutions If an automobile policy has split limits of 30/60/25. What is the maximum amount of liability coverage that would be paid in a covered loss where three people are involved. - CORRECT ANS $30,000 Which of the following statements best describes...
Texas adjuster Test 2023 With verified solutions Subrogate Subrogation is the right for an insurer to legally pursue a third party that caused an insurance loss to the insured. This is done as a means of recovering the amount of the claim paid by the insurance carrier to the insured for the l...
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Add to cartTexas adjuster Test 2023 With verified solutions Subrogate Subrogation is the right for an insurer to legally pursue a third party that caused an insurance loss to the insured. This is done as a means of recovering the amount of the claim paid by the insurance carrier to the insured for the l...
All of the following are criteria for an accident to have occurred "in the course of" the employment under a workers' compensation policy, EXCEPT: - CORRECT ANSWER While performing a task that a fellow worker requested, that was unusual to the employee's job description, but occurred on th...
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Add to cartAll of the following are criteria for an accident to have occurred "in the course of" the employment under a workers' compensation policy, EXCEPT: - CORRECT ANSWER While performing a task that a fellow worker requested, that was unusual to the employee's job description, but occurred on th...
An adjuster is a fiduciary agent with a responsibility of loyalty to the interest of - CORRECT ANS The insured and insurer An insurer gives which of the following as Consideration for an insurance policy? - CORRECT ANS A Promise The interest of the insured and all other persons in the property...
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Add to cartAn adjuster is a fiduciary agent with a responsibility of loyalty to the interest of - CORRECT ANS The insured and insurer An insurer gives which of the following as Consideration for an insurance policy? - CORRECT ANS A Promise The interest of the insured and all other persons in the property...
Which kind of losses are covered under a standard fire policy? - CORRECT ANS Direct All fires are not covered by the Standard Fire policies, only those that: - CORRECT ANS are hostile and have a flame or glow At what time does a fire policy go into affect? - CORRECT ANS 12:01am standard time...
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Add to cartWhich kind of losses are covered under a standard fire policy? - CORRECT ANS Direct All fires are not covered by the Standard Fire policies, only those that: - CORRECT ANS are hostile and have a flame or glow At what time does a fire policy go into affect? - CORRECT ANS 12:01am standard time...
Accumulated Depreciation - CORRECT ANS The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Actual Cash Value (ACV) - CORRECT ANS A valuation method used by insurers to reflect an item's current market value right before being da...
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Add to cartAccumulated Depreciation - CORRECT ANS The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Actual Cash Value (ACV) - CORRECT ANS A valuation method used by insurers to reflect an item's current market value right before being da...
Accumulated Depreciation - CORRECT ANS The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Actual Cash Value (ACV) - CORRECT ANS A valuation method used by insurers to reflect an item's current market value right before being damaged...
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Add to cartAccumulated Depreciation - CORRECT ANS The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Actual Cash Value (ACV) - CORRECT ANS A valuation method used by insurers to reflect an item's current market value right before being damaged...
Adjuster Pro - Insurance adjuster test 2023 100% Correctly Answered What is insurance? - CORRECT ANS protection against financial loss what is a premium - CORRECT ANS a scheduled amount to be paid for an insurance policy. What are premiums used for - CORRECT ANS premiums are collected into a ...
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Add to cartAdjuster Pro - Insurance adjuster test 2023 100% Correctly Answered What is insurance? - CORRECT ANS protection against financial loss what is a premium - CORRECT ANS a scheduled amount to be paid for an insurance policy. What are premiums used for - CORRECT ANS premiums are collected into a ...
Florida No-Fault Tort Exemption - CORRECT ANS Those who comply with the law are granted limited immunity from suits of others through PIP coverage. 4 Exceptions to Tort Exemption(Threshold of No-Fault) - CORRECT ANS 1. Significant and Permanent loss of bodily function. 2.Permanent injury other...
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Add to cartFlorida No-Fault Tort Exemption - CORRECT ANS Those who comply with the law are granted limited immunity from suits of others through PIP coverage. 4 Exceptions to Tort Exemption(Threshold of No-Fault) - CORRECT ANS 1. Significant and Permanent loss of bodily function. 2.Permanent injury other...
Peril - CORRECT ANSWER Something that causes a loss. Hazard - CORRECT ANSWER Something that increases the probability that a loss will occur. Warranty - CORRECT ANSWER A policy condition, either based on information in the insureds application or inserted by the insurer. It is a guarantee of a...
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Add to cartPeril - CORRECT ANSWER Something that causes a loss. Hazard - CORRECT ANSWER Something that increases the probability that a loss will occur. Warranty - CORRECT ANSWER A policy condition, either based on information in the insureds application or inserted by the insurer. It is a guarantee of a...
Frank owned a home that was destroyed by a hurricane. Both ABC and XYZ Banks were listed as additional interests on his homeowner policy. The insurance company will make a payment to: A. The first mortgagee, ABC B. The Insured C. Jointly to ABC and XYZ D. All listed interests - CORRECT ANS ...
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Add to cartFrank owned a home that was destroyed by a hurricane. Both ABC and XYZ Banks were listed as additional interests on his homeowner policy. The insurance company will make a payment to: A. The first mortgagee, ABC B. The Insured C. Jointly to ABC and XYZ D. All listed interests - CORRECT ANS ...
Which of the following is NOT one of the four critical elements of a contract? (A) A mutual understanding and agreement with the terms of the contract. (B) Written evidence of the agreement and its terms. (C)A legal purpose. (D)Consideration, consisting of money or a promise of performance. - CO...
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Add to cartWhich of the following is NOT one of the four critical elements of a contract? (A) A mutual understanding and agreement with the terms of the contract. (B) Written evidence of the agreement and its terms. (C)A legal purpose. (D)Consideration, consisting of money or a promise of performance. - CO...
The insurer and insured agree to a specific value of insured item - CORRECT ANS Agreed Value Policies Someone who has care, custody or control of another's property - CORRECT ANS Bailee Claim filed by policy holder against his _ - CORRECT ANS First Party Claim When a person who entrusts anot...
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Add to cartThe insurer and insured agree to a specific value of insured item - CORRECT ANS Agreed Value Policies Someone who has care, custody or control of another's property - CORRECT ANS Bailee Claim filed by policy holder against his _ - CORRECT ANS First Party Claim When a person who entrusts anot...
The insurer and insured agree to a specific value of insured item - CORRECT ANS Agreed Value Policies Someone who has care, custody or control of another's property - CORRECT ANS Bailee Claim filed by policy holder against his _ - CORRECT ANS First Party Claim When a person who entrusts anot...
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Add to cartThe insurer and insured agree to a specific value of insured item - CORRECT ANS Agreed Value Policies Someone who has care, custody or control of another's property - CORRECT ANS Bailee Claim filed by policy holder against his _ - CORRECT ANS First Party Claim When a person who entrusts anot...
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