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Florida Public Adjuster State Test Questions and answers, Exams of Insurance Economics

Florida CollegeInsurance Economics

Florida Public Adjuster State Test Questions and answers Florida public adjuster exam public adjuster test Florida Florida adjuster license practice questions public adjuster exam prep Florida Florida insurance adjuster test study guide public adjuster sample questions Florida Florida adjuster test questions and answers public adjuster license exam Florida Florida public adjuster practice test Florida public adjuster study material insurance adjuster exam Florida public adjuster exam questions Florida prepare for Florida public adjuster exam Florida public adjuster certification test public adjuster training Florida best practice test for Florida public adjuster Florida public adjuster study guide how to pass Florida public adjuster exam Florida public adjuster exam online course public adjuster test preparation Florida Florida public adjuster test prep resources Florida adjuster exam reviews public adjuster exam tips Florida Florida public adjuster exam format Florida public adjuster

Typology: Exams

2024/2025

Available from 07/10/2025

Prof.wicklife
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Florida Public Adjuster State Test Questions and answers
1. Florida No-Fault Tort Exemption: Those who comply with the law are
granted limited immunity from suits of others through PIP coverage.
2. 4 Exceptions to Tort Exemption(Threshold of No-Fault): 1. Significant
and Permanent loss of bodily function.
2.Permanent injury other than scarring and disfigurement.
3.Significant and Permanent scarring or disfigurement.
4.Death
3. What does NFIP stand for?: National Flood Insurance Program
4. Form SR-22: Drivers Convicted of DUI or a traffic felony over the prior 3
years are required to have 100/300/50 coverage or a certificate of self
insurance of $350,000.
5. Contents of a CGL Contract: 1.Declarations Form
2.Common Policy Conditions Form
3. One of:
A.Occurrence Form
B.Claims Made Form
4.Nuclear Energy Liability Exclusion Endorsement.
6. Declarations of a CGL Contract(4): 1.Named Insured(including address)
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Florida Public Adjuster State Test Questions and answers

  1. Florida No-Fault Tort Exemption: Those who comply with the law are granted limited immunity from suits of others through PIP coverage.
  2. 4 Exceptions to Tort Exemption(Threshold of No-Fault): 1. Significant and Permanent loss of bodily function. 2.Permanent injury other than scarring and disfigurement. 3.Significant and Permanent scarring or disfigurement. 4.Death
  3. What does NFIP stand for?: National Flood Insurance Program
  4. Form SR-22: Drivers Convicted of DUI or a traffic felony over the prior 3 years are required to have 100/300/50 coverage or a certificate of self insurance of $350,000.
  5. Contents of a CGL Contract: 1.Declarations Form 2.Common Policy Conditions Form
  6. One of: A.Occurrence Form B.Claims Made Form 4.Nuclear Energy Liability Exclusion Endorsement.
  7. Declarations of a CGL Contract(4): 1.Named Insured(including address)

2 / 2.Policy Period 3.Premium 4.Limits of Coverage

  1. 7 Common CGL Conditions: 1.Cancellation(30 Days by insurer option, 10 Days By no payment). 2.Changes 3.Examination of Books 4.Inspections and Surveys 5.Premiums 6.Transfer 7.Nuclear Endorsement
  2. CGL Coverage A: Bodily Injury and Property Damage Insuring Agreement
  3. The 3 Conditions that define work as "completed": 1.When all work called for in the contract is completed. 2.When all work to be done at the site has been completed if one contract calls for work at more than one site. 3.When that part of the work done at a job site has been put to its intended use by any person or organization other than another contractor or subcontractor.
  4. Occurance: An accident, including continuous or repeated exposure to substan- tially the same general harmful conditions.

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  1. The Difference between "Occurance" and "Claims Made" CGL Coverages- : The Coverage Trigger: The Occurance Form applies to BI and PD regardless of any later time at which the claim is made. The Claims-Made Form applies only to BI and PD that occurs on or after the "Retro-Active date"
  2. Retro-Active Date: The date on which the coverage legally began.
  3. Basic Extended Reporting Period for CGL: 60 Days after expiration
  4. Why is the term "Coverage Trigger" misleading?: Because it intends to refer to the time period during which the insurance contract is in effect.
  5. Umbrella: Covers Excessive Liability
  6. A Homeowners Policy consists of(3 components):: 1.Declarations 2.One of 6 Homeowners forms 3.Mandatory and optional endorsements
  7. If a unit is co-owned, May one co-owner be insured as the renter(HO- 4)?: - Yes
  8. What are the two main divisions of a Home Owners Form?: Section I- Prop- erty

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Section II-Liability

  1. 4 Subsections of Section I of a Property Coverage Policy: 1. Coverages 2.Perils Insured Against 3.Exclusions 4.Conditions
  2. Who determines how much HO-6 coverages a Condominium Owner needs?: The Association
  3. Homeowners Coverage A: "Dwelling" covers the dwelling building and struc- tures attached; also construction materials and supplies on or adjacent to the premises.
  4. Homeowners Coverage B: "Other Structures" covers private structures on the residence premises that are not attached to the main dwelling.
  5. 4 Examples of "Other Structures" Per Coverage B of a Homeowner's policy(book gives 5): 1.Detached Garage. 2.Guest House. 3.Fence 4.Tennis Court 5.Storage Building
  6. Homeowner's Coverage C: "Personal Property" covers Property, wherever it is located, that is owned or used by "an Insured".

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  1. Four Additional Homeowners Coverages: 1. Claims Expense
  2. First Aid Expenses
  3. Damage to Property of Others
  4. Loss Assessment
  5. Does Hurricane Coverage Occur on a Per Occurrence or an Annual Basis- : An annual basis
  6. What if there is more than one applicable deductible?: Only the highest deductible applies.
  7. What must the Insured do if they wish to completely reject Windstorm Cov- erage?: Hand write "I DO NOT WANT THE INSURANCE ON MY (HOME/MOBILE HOME/CONDOMINIUM UNIT) TO PAY FOR DAMAGE FROM WINDSTORMS OR HURRICANES. I WILL PAY THOSE COSTS. MY INSURANCE WILL NOT."
  8. How much notice must the insurer give the insured of non-renewal of a homeowner's Policy?: 120 Days
  9. 4 Elements of a Valid Contract?: 1.A manifestation of assent to its terms by parties who make the contract. 2.A sufficient consideration (value or payment) for each promise. 3.Legal Capacity of the parties to contract. 4.Legal Subject matter.

8 /

  1. Insurance: A contract whereby one undertakes to indemnify another or pay or allow a specified amount or a determinable benefit upon determinable contingen- cies.
  2. 4 Elements of an Insurance Contract: D.I.C.E. 1.Declarations 2.the Insuring Agreement 3.Exclusions 4.Conditions
  3. Example of Subrogation: Insurance Company pays the victim and collects for the DUIer or liable party of any sort.
  4. Example of Severability: Tom and Eva are insured for liability of injury. Tom in- tentionally injured someone(intention voiding coverage for Tom), Eva is still covered.
  5. Valued Policy Law: The value of the property is agreed to as part of the policy.
  6. Coinsurance: A policy for less than the entire value of the insured property and cover pro-rata whether or not other insurance exists. 80% actually means (pro-rata share)/80%
  7. Beginning statement of a liability insurance policy: Insurer agrees "to pay on behalf of the insured all sums the insured becomes legally obligated

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  1. What is the rule of law's attempt to counter balance a contract of Adhe- sion?: To have any ambiguities resolved in favor of the insured.
  2. Two types of Waivers: 1.Explicit 2.Implied
  3. Statute 627.409: Statute covering misrepresentation by the insured. Only a defense for the insurer if they didn't know and it would have affected the coverage offer.
  4. How long does a residential property policy have to be in effect to hold the insured immune to 627.409(fraud by insured): 90 Days
  5. What does "OIR" stand for?: Office of Insurance Regulation
  6. What is the OIR's role?: To examine the qualification of insurance companies seeking to do business in this state.
  7. 3 Types of Adjusters: 1.Staff Adjusters 2.Fee Adjusters A.Independent Adjusters B.Bureau Adjusters 3.Public Adjusters
  8. Company or Staff Adjusters: Salaried Employees under the supervision of the insurer.

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  1. Fee Adjusters: Offer their services on a Fee for Service Basis including Bureau Adjusters and Independent Adjusters
  2. Bureau Adjusters: Serve National Insurance Firms
  3. What is the difference between a Bureau Adjuster and an Independent Adjuster: A Bureau Adjuster is an employee of the insurer and an Independent Adjuster is an Independent Contractor
  4. A Public Adjuster: Aside from attorneys, Public Adjusters are the only Adjusters who legally represent the rights of the insured.
  5. 6 Responsibilities of the Public Adjuster: 1.Evaluate 2.Substantiate 3.Determine values 4.Negotiate 5.Recommend(upgraded insurance) 6.Re-Open Claims
  6. 626.8796: Public Adjuster Fraud Statement
  7. How long must a Public Adjuster wait after an event that leads to a claim to contact the claimant?: 48 hours. (626.854(13))
  8. What format must the advertisement disclaimer be in?: Bold caps, but no specific type size. :-)(626.854(7))(b))

13 / 3.Negotiate

  1. 5 Technical Expertise for a successful negotiation: 1.The Insurance Con- tract 2.Reparable from replacement requiring damages. 3.Law 4.Insurer's goals 5.Computer Estimating Systems being utilized by the insurance industry.
  2. Duration of the statute of limitations to claim windstorm damage.: 3 years (627.70132)
  3. 5 Questions to establish the contract coverage: 1.Did a covered Peril Occur? 2.When? 3.Were there more than one? 4.Which one was the proximate cause? 5.Was there a mix of covered and uncovered losses?
  4. 5 Ways to appraise damages: 1.Survey and Estimate of Determination 2.Acceptance of Cost or Quality shown by records. 3.Actual repair or replacement 4.Sale of Salvage 5.Appraisal(after 2 parties have failed to agree).

14 /

  1. 7 Settlement and Release Options: 1.Full release Settlement 2.Open Ended Release 3.Payment of PD, BI pending 4.No Release 5.Advanced Payment 6.Structured Settlement 7.Rehabilitation, including provisions for rehabilitative treatment of the claimant.
  2. What is called when 2 or more contracts cover the same claim and have to pay proportionate amounts?: Apportionment
  3. What are the principles that guide apportionment to avoid controversy that could delay adjustment called?: Guiding Principles
  4. What is the maximum injury to a minor that can be settled out of court, preferably with both parents.: $15,000 (statute 744.387)
  5. A contract by whereby the person executing the instrument gives up a right, claim or privilege to the person against whom it might have been demanded or enforced is called a:: Release
  6. What must a release be supported by to be a binding contract?: Valuable Consideration
  7. 5 Practices that the Insured are protected from under the "Florida

16 /

  1. Advise the client of rights under the contract and by the state.
  2. Act with no bias.
  3. 6 Rights of the Insured: 1. Acknowledgement in 14 Days
  4. Approval or denial in 30 Days
  5. Full payment as applicable in 90 Days
  6. Free Mediation
  7. a neutral evaluation of a sinkhole claim
  8. Availability of assistance from the department of consumer services
  9. What does the Homeowners Flood Insurance Affordability Act of 2014 do?: Allows private carriers to write off four different types of Flood Coverages.
  10. FAJUA: Florida Automobile Joint Underwriting Association
  11. FIGA: Florida Insurance Guaranty Association
  12. Citizens Property Insurance: Residual Property Insurance
  13. FRPCJUA: Florida Residential Property and Casualty Joint Underwriting Asso- ciation. Merged with FWUA to become Citizens
  14. FWUA: Florida Windstorm Underwriting Association. Merged with the FR- PCJUA as Citizens.