Florida 3-20 Adjusters Exam (Set 1) Questions And Answers Pdf

Specific protection in an insurance policy {Ans: Coverage}Requires the insured to insure the named property for a specific amount of insurance as required by the insurance company {Ans: Agreed Value}626.854 (7) {Ans: It is an unfair and deceptive insurance trade practice pursuant to s. 626.9541 for a public adjuster or any other person to circulate or disseminate any advertisement, announcement, or statement containing any assertion, representation, or statement with respect to the business of insurance which is untrue, deceptive, or misleading.}Only applies to business income coverage and not to the extra expense coverage {Ans: Actual cash value (bi)}626.854 (19) (b) {Ans: Act on behalf of or aid an insured or a third-party claimant in negotiating for or effecting the settlement of a claim for loss or damage covered by an insurance contract;}Condition enforced by the courts to do something bound under law or in a contract {Ans: Strict Torts}Factual statements upon which an insurance policy is based {Ans: Representations}An individual that is used when a claim has been questioned by either the insured or the insurer, an unbiased part is required to resolve the dispute {Ans: Umpire}A package insurance policy that combines