FLORIDA TEST STUDY GUIDE EXAM/ PUBLIC ADJUSTING 3-20 (SET 1)
/92 QUESTIONS WITH 100% COMPLETE AND CORRECT SOLUTIONS/A+
GRADE
Those who are eligible
... [Show More] for coverage under the Florida Automobile Joint Underwriting
Association are? Correct Answer: Military Personnel
A non-resident owning an automobile in Florida
A non-resident subject to Florida no-fault law
A forcible entry into locked premises and the carrying away of the property of others is a
definition of: Correct Answer: Burglary
The inland marine coverage form that covers clothing, cameras and other portable property worn
and carried by tourists and travelers is a: Correct Answer: Personal effects floater
A residual market to alleviate the temporary unavailability of property insurance coverage in
significant portions of Florida (e.g. homeowners face non-renewal or cancellations) Correct
Answer: Residential Property & Casualty Joint Underwriting Association for property owners.
What does the property insurance term "improvements and betterment" apply to? Correct
Answer: Real Property
The penalty imposed upon a Florida licensee who violates a cease and desists order issued by the
CFO: Correct Answer: $50,000 Fine
What is amount is personal property used for business purposes, under a Homeowners policy
covered up to Correct Answer: up to $2500 on premises
up to $1500 off premises
If a replacement costs exists, but the insured has a policy for only 50% of the replacement cost,
what percentage will the insured received for the loss? Correct Answer: 50% of the settlement
amount
A statement that is believed to be true when made, which my prove to be false. Correct Answer:
Representation
A statement that is guaranteed to be correct: Correct Answer: Warranty
When can an insured cancel his/her policy? Correct Answer: At any time.
In Florida, how many days in advance of a premium due date must an auto insurer provide notice
of renewal to an insured? Correct Answer: 30 days written notice
What deductibles are subject to any aircraft physical damages that differ according to
circumstances surrounding a given loss? Correct Answer: In-flight Ded (greatest amount)
Not-in-Motion (least amount)
FLORIDA TEST STUDY GUIDE EXAM/ PUBLIC ADJUSTING 3-20 (SET 1)
/92 QUESTIONS WITH 100% COMPLETE AND CORRECT SOLUTIONS/A+
GRADE
They apply independently based on the actual loss
Uninsured Motorist's Coverage form, the insured can request: Correct Answer: Non-stacked
Coverage
Stacked Coverage
UM coverage at the limits lower than those that apply for liability coverage
If a mortgage is acknowledged in the policy and the insured concealed the fact that a hazard
exists to the insurance company, would the mortgage have a right to recover its full loan value?
Correct Answer: Yes
Under Florida Comparative Negligence law how much would one be able to recover if they were
found 25% at fault? Correct Answer: 75% (the difference)
If a claimant is under the influence of drugs and/or alcohol and is found to be 50% or more at
fault, how much can they recover? Correct Answer: $0.00
A commercial property coverage part includes: Correct Answer: Common policy conditions
Commercial property declarations
One or more causes of loss forms [Show Less]