FLORIDA INSURANCE ADJUSTER
LICENSING EXAM 2025 NEWEST
ACTUAL EXAM QUESTIONS AND
DETAILED CORRECT ANSWERS |
GUARANTEED LICENCING 2024-2025
Frank purchases an automobile policy from publicly-traded
XYZ Insurance. He pays regular monthly
premiums, and also purchases stock in XYZ and receives
dividends when the company turns a profit. From
which type of company has Frank purchased insurance?
Xavier owns a small insurance company. Recently the
company won a bid to insure a new housing
development in Omaha, NE. His company can handle any
claims that arise, but if a series of tornados were
to tear through the area and destroy the entire
development, Xavier's company would suffer financially.
Which type of insurer could help Xavier's company protect
itself the most from this potential loss?
A re-insurer
A fraternal benefits society
,A stock insurer
A reciprocal insurance group Correct Answer A re-insurer
Cindy holds an insurance policy from Sine Nomine
Insurance. This is not a publicly traded company, and
Cindy can participate in the election of the board, receiving
dividends if the company does well. Sine Nomine
Insurance could be best described as a:
Edward is a member of the Knights of Columbus, a
religious group dedicated to voluntary service to the
benefit of society. He also recently purchased a $100,000
life insurance policy from the organization. This
was possible because the Knights of Columbus is:
a risk retention group.
a mutual insurer.
a reciprocal insurer.
a fraternal benefit society. Correct Answer a fraternal
benefit society.
An insurer that adheres to the laws of a state but is
located outside of that state is called a(n) ___________
insurer.
SureTrust Insurance was founded and operates in Texas.
In Texas, SureTrust is considered:
a domestic insurer.
a state insurer.
an alien insurer.
a foreign insurer. Correct Answer a domestic insurer.
A reciprocal insurer is:
a publicly-traded insurance company owned by
stockholders, which provide capital and participate in the
insurer's profits and losses.
an unincorporated organization of subscribers that
operates through an attorney-in-fact to provide insurance
benefits for its members.
an insurance company that is owned by its policyholders,
is not traded publicly, and is governed by a board of
directors elected by the policyholders.
a non-profit mutual aid organization that engages in
charitable or benevolent activities and provides insurance
to its members. Correct Answer an unincorporated
organization of subscribers that operates through an
, attorney-in-fact to provide insurance benefits for its
members.
A captive insurance company:
exists solely to provide insurance for its parent company.
provides insurance that is designed to meet the needs of
the general public.
provides insurance for insurers.
operates through an attorney-in-fact to provide insurance
benefits for its members. Correct Answer exists solely to
provide insurance for its parent company.
An insurance company might consider any of the following
a risk, EXCEPT:
a jewelry collection.
an automobile.
a home.
a high crime neighborhood. Correct Answer a high crime
neighborhood.
Which of the following would be considered an insurable
risk?
The gold stored in Fort Knox
A high-crime area
A riverbank
A squadron of police cars Correct Answer A squadron of
police cars
Which of the following is a hazard?
A skiing accident
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