{"id":118793,"date":"2023-09-05T21:19:21","date_gmt":"2023-09-05T21:19:21","guid":{"rendered":"https:\/\/learnexams.com\/blog\/?p=118793"},"modified":"2023-09-05T21:19:23","modified_gmt":"2023-09-05T21:19:23","slug":"florida-3-20-public-adjusters-state-exam-2023-2024-actual-exam-150-questions-and-correct-detailed-answers-with-rationales-agrade","status":"publish","type":"post","link":"https:\/\/www.learnexams.com\/blog\/2023\/09\/05\/florida-3-20-public-adjusters-state-exam-2023-2024-actual-exam-150-questions-and-correct-detailed-answers-with-rationales-agrade\/","title":{"rendered":"FLORIDA 3-20 PUBLIC ADJUSTERS STATE EXAM 2023-2024 ACTUAL EXAM 150 QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES AGRADE"},"content":{"rendered":"\n

FLORIDA 3-20 PUBLIC ADJUSTERS STATE EXAM
2023-2024 ACTUAL EXAM 150 QUESTIONS AND
CORRECT DETAILED ANSWERS WITH RATIONALES
AGRADE
Actual cause or source of an incidence of destruction, injury, or loss –
ANSWER- Peril
An insurance company organized and domiciled outside the US –
ANSWER- Alien
When there is an unbroken chain of events between an occurrence and a
loss, then the loss is part of the original occurrence – ANSWERProximate Cause
Is proximate cause of all subsequent damages – ANSWER- Original
Occurance
An individual who contracts with an adjusting firm as an independent
contractor and handles claims for the insurance companies – ANSWERIndependent Adjuster
Action or practice of the insured party is permitted to continue because
any defense against a continuation of said action or practice has been
waived by the insurer – ANSWER- Estoppel<\/p>\n\n\n\n

Operate for profit, collect premiums, reserve a portion of premiums to
pay claims – ANSWER- Commercial Insurers
Any person who investigates or adjusts losses on behalf of either an
insurer or a self-insured – ANSWER- Independent Adjuster
The result of an insured’s tort or wrongdoing. Consequences of a loss or
amount or type of losses suffered – ANSWER- Damages
Requires the insured to insure the named property for a specific amount
of insurance as required by the insurance company – ANSWER- Agreed
Value
Physical harm to tangible property caused by peril (loss to property or
person in which a covered peril is the proximate cause of damage or
destruction) – ANSWER- Direct loss
The entity that is the “recipient” to the Principal – ANSWER- Obligee
Insurance contracts are written on a take it or leave it basis to the policy
owner. – ANSWER- Adhesion
Event or circumstance that causes damage – ANSWER- Occurance<\/p>\n\n\n\n

Coverage provides for payment of losses if civil authority denies access
to the insured premises due to a covered peril – ANSWER- Civil
Authority
Voluntary relinquishment of a known legal right – ANSWER- Waiver
An insurer domiciled outside the state where it writes insurance –
ANSWER- Foreign
A state officer who administers the state’s insurance laws and regulations<\/p>\n\n\n\n