Florida Claims Adjuster Study guides, Class notes & Summaries

Florida Claims Adjuster Exam Questions and Answers (2024 / 2025) (Verified Answers)

Florida ACA Claims Licensing Exam Questions and Answers (2024 / 2025) (Verified Answers)

Florida Adjuster Licensing Practice Exam Questions and Answers (2024 / 2025) (Verified Answers)

FL All Lines Claims Adjuster Questions and Answers (2024 / 2025) (Verified Answers)

Florida Insurance Adjuster Licensing Test Questions and Answers (2024 / 2025) (Verified Answers)

Which of the following is NOT true about the National Association of Insurance Commissioners? - ANSWER-It provides benefits for insurance commissioners Jill wants to start an insurance agency selling property insurance. As such, she must belong to a Guaranty Association, of which there are a few different types. Which of these groups would best fit Jill's needs? - ANSWER-Florida Insurance Guaranty Association In 1945 Congress passed the McCarran-Ferguson Act. What does that act do? - ANSW...

The following are basic characteristics of a property or liability insurance contract, except: A. Personal Contract B. Conditional Contract C. Loss of Settlement Contract D. Contract of Adhesion - ANSWER-Loss of Settlement Contract The Insurer's responsibility to pay for a property loss may be conditioned on the insured having used reasonable means to avoid the loss, to protect the property against further loss, and to give the insurer proof of the loss is defined as? A. Conditional Con...

Peril - ANSWER-Somthing t√dhat causes a loss. Hazard - ANSWER-Something that increases the probability that a loss will occur. Warranty - ANSWER-A policy condition, either based on information in the insureds application or inserted by the insurer. It is a guarantee of a fact. Misrepresentation - ANSWER-An untrue statement by the insured, made in an application for insurance but which does not become a part of the policy. Concealment - ANSWER-The failure of the insured to reveal re...

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 - ANSWER-D. All listed interests Remember that the insurer is not responsible to know the degrees of interest. In the event of a loss, one payment is made by the insurer and it is up to the additional interests on wor...