Florida 6-20 All Lines Adjuster Test Latest Update 2024-2025 280 Questions and 100% Verified Correct Answers Guaranteed A+ At First Attempt _______ limit an insurer's liability.
- Provisions
- Reinstatements
- Exclusions
D. None of the above - CORRECT ANSWER: C. Exclusions
:All of the following events are considered acts of terrorism, except:
- Acts of riot and civil commotion
- Acts considered dangerous to human life, property or infrastructure.
- Acts resulting in damage within or outside the United States.
- Acts committed at the premises of any United States mission. - CORRECT
ANSWER: A. Acts of riot and civil commotion
2. Damage to a windshield by a bird would be covered under:
- Collision
- Comprehensive
- Liability
D. All of the above. - CORRECT ANSWER: B. Comprehensive
2. In Ocean Marine Insurance, the term "average" means:
- The ACV of the ship
- The annual premium for the insurance policy
- Loss or damage
D. That coverage is written on a named peril basis - CORRECT ANSWER: C. Loss or
damage
- Volcanic action is covered under which of the following Cause of Loss forms?
- None
- Basic
- Broad only
D. Both Basic and Broad - CORRECT ANSWER: D. Both Basic and Broad
A ______ health policy affords the greatest degree of continued protection to an insured.
- Guaranteed renewable
- Non-cancellable
- Optionally renewable
D. Conditionally renewable - CORRECT ANSWER: B. Non-cancellable
A building valued at $100,000 was insured for $80,000 with a policy containing 80% 1 / 4
Coinsurance clause. Disregarding any deductibles, what would the company pay on a $20,000 loss?
A. $7,500
B. $5,000
C. $15,000
D. $20,000 - CORRECT ANSWER: D. $20,000
A car, traveling at high speed, skids at a turn and rolls over. The damage incurred would be covered under which of the following personal auto coverages?
- Collision
- Comprehensive
- Uninsured motorist
D. P.D. liability - CORRECT ANSWER: A. Collision
A church has hired a painting contractor to stain and varnish the woodwork in the building.He leaves the rags and brushes used to apply the painting materials in a small storage area.
This is an example of:
- A peril
- A hazard
- Assumption of risk
D. Direct loss - CORRECT ANSWER: B. A hazard
A company adjuster primarily represents the interests of:
- The insured.
- The claimant.
- The insurer.
D. The public. - CORRECT ANSWER: C. The insurer.
A condominium owner-occupant would be in the market for a:
A. HO-2.
B. HO-3.
C. HO-4.
D. HO-6. - CORRECT ANSWER: D. HO-6.
A contractor has borrowed funds from a bank in order to finance a construction project.A Surety bond which guarantees the lender that the contractor will use the borrowed funds
to finish the contract free and clear of liens is known as:
- A Performance bond
- Bid bond.
- Completion bond
D. Labor and materials bond - CORRECT ANSWER: C. Completion bond
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A deductible that is commonly used in aircraft physical damage insurance is usually:
- A percentage of the value
- A flat deductible
- A disappearing deductible
D. A franchise deductible - CORRECT ANSWER: A. A percentage of the value
A deer crashes into the side of the insured's car. Which of the following PAP coverages would cover this damage?
- Property damage liability.
- Collision.
- Uninsured motorist property damage.
D. Comprehensive. - CORRECT ANSWER: D. Comprehensive.
A homeowner has a fire that totally destroys a $200 typewriter before the fire is extinguished. If the fire coverage on contents contains a $250 deductible, the insured will
receive:
A. $200
B. $50
C. $250
D. $ 0 - CORRECT ANSWER: D. $ 0
A Homeowner Policy can be purchased by:
- A person buying a home under the installment plan.
- An individual who owns a home under the course of construction.
- The owner of a seasonal dwelling who is insured under a Homeowner Policy for her
primary dwelling.
D. All of the above. - CORRECT ANSWER: D. All of the above.
A Homeowner Policy may be cancelled by the insured:
- For any reason.
- At any time.
- Both A and B.
D. Neither A nor B. - CORRECT ANSWER: C. Both A and B.
A loss that is a direct consequence of a particular peril is called a(n):
- Indirect loss.
- Peril.
- Hazard.
D. Direct loss. - CORRECT ANSWER: D. Direct loss
A person sustains $4,000 in medical expenses and $5,000 for lost wages under PIP.This person dies as a result of his injuries. How much death benefit would be paid?
A. $10,000
B. $5,000
C. $1,000 3 / 4
D. $2,500 - CORRECT ANSWER: C. $1,000
A prospective insured wishes to protect her firm against criminals taking money from a messenger going from the firm to a bank. In this situation, the prospect should purchase
coverage for:
- Fidelity
- Robbery
- Assault
D. Burglary - CORRECT ANSWER: B. Robbery
A public adjuster represents the interest of:
- The insurer
- The Insured
- The employer
D. The interest of the general public - CORRECT ANSWER: B. The insured
A steam boiler has been inspected and found to be in serious need of repairs. The inspector
"red tags" the item. This means:
- A 30 day grace period is provided until repairs are made after the coverage is
- Coverage is suspended until repairs are made
- The entire facility must be shut down until repairs are made
- The company will cancel the entire insurance applicable to all property insured -
suspended
CORRECT ANSWER: B. Coverage is suspended until repairs are made
A stolen car is covered under which of the following personal auto coverages?
- Collision
- Comprehensive
- Uninsured motorist
D. P.D. liability - CORRECT ANSWER: B. Comprehensive
A water pipe has burst and the insured has suffered floor and ceiling damage in his two- story home. He is covered under a DP-2 form with dwelling and contents coverage. The building codes now require that special piping installation is needed at an additional cost of $500 over and above the normal cost to repair. His dwelling limit is $100,000. What will the policy pay if the normal cost to repair is $400?
- The policy will pay a total of $400.
- The policy will pay a total of $900
- The policy will pay $500.
- The policy will pay $700. - CORRECT ANSWER: B. The policy will pay a total of
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$900