FLORIDA ALL LINES ADJUSTER EXAM 2023-2024
REAL EXAM 200 QUESTIONS AND CORRECT
DETAILED ANSWERS (100% VERIFIED ANSWERS)
|AGRADE
what is statute of limitations – ANSWER- the statutory defense that imposes a time
limit in which the plaintiff can file a lawsuit
what are the three types of limits expressed in liability policies – ANSWER- single
limit, split limits and aggregate limits
“Single limit” in liability policies – ANSWER- highest amount the policy will pay
for any one accident or occurrence, intended to cover Bodily injury and property
damage
“Split limits” are most frequently used in what kind of policies – ANSWERautomobile policies
the first limit in the split limit policies is – ANSWER- the maximum amount paid
for any one person for bodily injury per occurrence
the second limit in the split limit policies is – ANSWER- the maximum amount
paid for ALL people injured per occurrence
the third limit in the split limit policies is – ANSWER- the maximum amount the
policy will pay for property damage per occurrence
what is the aggregate limit in a liability policy – ANSWER- the maximum amount
the policy will pay for all occurrences during the policy period
what happens what the insured reached the aggregate limit – ANSWER- the
insured is without coverage
The definition of occurrence – ANSWER- a continuous or repeated exposure to an
event that results in a financial loss
liability insurance policies are written on which two forms? – ANSWER- either a
“claims-made” or “occurrence” form<\/p>\n\n\n\n
Why would someone choose a liability insurance policy to be written on
“occurrence forms” – ANSWER- to cover liability claims when the occurrence
took place during the policy period regardless of when the claim was filed
why would someone choose a liability insurance policy to be written on a “claimsmade form” – ANSWER- to provide coverage for claims only when both the
occurrence and the resulting claim filling takes place during the policy period, if
filed after the policy expiration date it will not be covered
what is the “duty to defend” – ANSWER- insurer has the right and duty to defend
the insured, even if the claim is groundless, false or fraudulent
What is malfeasance? – ANSWER- legal term used in both civil and criminal law
to describe an intentional act is illegal or morally wrong that contributes to the
injury of another person
no-fault coverage – ANSWER- any type of insurance contract under which
insureds are indemnified for losses, regardless of who was at fault
What is nonconcurrency – ANSWER- when an underlying liability policy and
excess liability policy have different inception and expiration dates, a denial of a
claim can occur
when can the excess liability policy occur – ANSWER- excess policy cannot pay
on a claim until the underlying policy’s limits have been exhausted
what are supplementary payments – ANSWER- items such as first aid expenses,
premiums for bonds, pre- and post- judgement interest and travel expenses
incurred by the insured at the request of the insurance company in defense of a
claim
which type of insurance is not intended to indemnify the plaintiff? – ANSWERpunitive damages
this would be considered compensatory or special damages paid to an injured party
when the insured is negligent and causes the injury? – ANSWER- lost wages
Eligible Dwelling Under a Homeowners Policy – ANSWER- owner or tenant
occupied
1-4 family dwelling<\/p>\n","protected":false},"excerpt":{"rendered":"
FLORIDA ALL LINES ADJUSTER EXAM 2023-2024REAL EXAM 200 QUESTIONS AND CORRECTDETAILED ANSWERS (100% VERIFIED ANSWERS)|AGRADEwhat is statute of limitations – ANSWER- the statutory defense that imposes a timelimit in which the plaintiff can file a lawsuitwhat are the three types of limits expressed in liability policies – ANSWER- singlelimit, split limits and aggregate limits“Single limit” […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[25],"tags":[],"class_list":["post-112739","post","type-post","status-publish","format-standard","hentry","category-exams-certification"],"_links":{"self":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/112739","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/comments?post=112739"}],"version-history":[{"count":0,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/112739\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/media?parent=112739"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/categories?post=112739"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/tags?post=112739"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}