2023 Florida All Lines Adjuster Exam| Questions and Answers| Verified Answers
1. All of the following are included in the definition of a building,
... [Show More] EXCEPT: Select one:
A. Floor coverings
B. Wall treatments (wallpaper)
C. Temporary structures on or within 100 feet of the premises
D. Copy machines
~ Answer: Copy machines
2. Three types of property are covered under the Building and Personal Property coverage form. They are: Select one:
A. Building; Business Personal Property; Personal Property of Others
B. Building; Your Personal Property; Detached structures
C. Building; Personal Property; Personal Property of Others
D. Building; Your Business Personal Property; Your Personal Property
~ Answer: Building; Business Personal Property; Personal Property of Others
3. When covered property is damaged, the cost for temporary repairs and the cost to expedite permanent repairs or replacement is covered under: Select one:
A. Defense Costs
B. Supplementary Payments
C. Automatic Coverage
D. Expediting Expenses
~ Answer: Expediting Expenses
4. A florist wanted coverage on business contents, which vary in amount over the course of a year. Which form best fits this situation? Select one:
A. Peak Season Endorsement
B. None of the above
C. Value Reporting Endorsement
D. An automatic increase in insurance
~ Answer: Value Reporting Endorsement
5. Under the Business and Personal Property Coverage Form, all of the following are additional coverages EXCEPT: Select one:
A. Cost to hire a night watchman
B. Cost to preserve property
C. Debris Removal
D. Fire Department Service Charge
~ Answer: Cost to hire a night watchman
6. Which exposures are covered by the Leaseholder Interest Coverage Form? Select one:
A. All of the above
B. A loss of any unused prepaid rent
C. An unused part of tenant improvements
D. A tenant's loss of a favorable lease/sub-lease
~ Answer: All of the above
7. A claim is made under a CGL for a slip and fall injury. Two years later the injured person comes back saying the injury has flared-up. Is the reoccurrence covered under CGL Medical Payments? Select one:
A. Yes, expenses are covered because of proximate cause.
B. No, slip and falls are not covered under Medical Payment coverage
C. Yes, expenses are covered within three years of the injury.
D. No, expenses are covered within one year of the injury.
~ Answer: No, expenses are covered within one year of the injury.
8. Acme Toys has a CGL policy. They hold a party and one of the guests has a little too much to drink. If the guest injures someone and the injured party sues the Acme Toys, the CGL policy: Select one:
A. Will cover if the insure has Liquor Liability Coverage
B. Will not cover
C. Will cover if the insured has Legal Liability Coverage
D. Will cover the claim
~ Answer: Will cover the claim
9. An employee is hurt on the insured's premises. Three months later the employee dies. Are the employees funeral expenses covered under the company's CGL Medical Payments? Select one:
A. Yes, the claim was made within one year time period
B. No, the claim was filed too late
C. Yes, the employee is automatically covered
D. No, employees are not covered for Med Pay
~ Answer: No, employees are not covered for Med Pay
10. How long does the insured have to request the "Supplemental Extended Reporting Period" after the expiration of the claims-made CGL policy? Select one:
A. 90 days
B. 30 days
C. 180 days
D. 60 days
~ Answer: 60 days
11. The retroactive date under the CGL established the earliest date a claim will be paid by the insurance company under the: Select one:
A. Claims-Made form
B. Occurrence form
C. Both the Occurrence and Claims-Made form
D. Products and Completed Operations form [Show Less]