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ACA FINAL EXAM QUESTIONS
WITH COMPLETE SOLUTI ONS
Question :At the end of this course, you must do which of
the following?
Pass the final course exam with a scored of 70% or higher
Print your certificate from this website
Apply for your Insurance Adjuster license at the Florida Department of Financial Services website at www.myfloridacfo.com/division/agents
All of the above
CORRECT ANSWER :All of the above
Question :Which of the following is NOT one of the
duties of the Department of Financial Services?
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License adjusters Set rates and write policies for various company products Supervise the claims activity of adjusters Investigate charges of unethical conduct of adjusters
CORRECT ANSWER:Set rates and write policies for
various company products
Question :When an insurance licensee moves, he has how
long to notify the Florida Dept. of Financial Services of his change of address?
10 Days 30 Days 60 Days 180 Days
CORRECT ANSWER :30
Question :An Insurance Policy is a contract with all of the
following characteristics, EXCEPT
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It is a personal contract.Parties are of unequal power with ambiguities or unclear wording resolved in favor of the insured because it is a contract of adhesion.Indemnity is not part of an insurance contract.There are conditions imposed upon both the insurer and insured.
CORRECT ANSWER:Indemnity is not part of an
insurance contract.
Question :An insurance contract may contain a "gray
area" or an ambiguity, that is generally resolved in favor
of the insured because insurance policies are contracts of:
Indemnity Cohesion Adhesion Conditions
CORRECT ANSWER :adhesion
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Question :Strict or Absolute Liability
applies to school systems.must have failure to use "due care."considers the actions of a prudent person.is assigned by law or statute.
CORRECT ANSWER :is assigned by law or statute.
Question :Risks that are insurable are:
Speculative risk Pure risk Both A & B None of the above