CLAIMS ADJUSTER FINAL MULTIPLE CHOICE QUESTIONS

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CLAIMS ADJUSTER FINAL (MULTIPLE CHOICE QUESTIONS)

EXAM QUESTIONS

Actual Qs and Ans Expert-Verified Explanation

This Exam contains:

-Guarantee passing score -100 Questions and Answers -format set of multiple-choice -Expert-Verified Explanation Question 1: An insured negligently struck a motorcycle rider with his vehicle, causing the rider to incur $5000 in covered medicals. The motorcyclist also owned a car insured for PIP. How much is the insured's tort exemption?

Answer:

$0 Question 2: An insured had a 10/20/10 auto policy. The insured was at-fault for two accidents

on two consecutive days: One on Friday morning, and another on Saturday

afternoon. The property damage in the Friday accident was $5000; the property damage on Saturday was $15,000. What will the policy pay for each property damage claim?

Answer:

Friday claim-$5000/Saturday claim-$10,000 Question 3: A drunk driver was arrested and purchased a surety bond (bail bond) to get out of jail. The parties to the bond are the drunk driver, the Court, the Bonding Company and the driver's relative who posted collateral and agreed to reimburse the bonding company

if there was a loss. The Court would be the:

Answer:

Obligee

Question 4: A commercial building was vacant for 90 consecutive days prior to a fire loss. What is true?

Answer:

The amount payable is reduced by 15% Question 5: If there is a total loss by an insured peril to a FL building, the insurer must pay:

Answer:

Actual Cash Value Question 6: For insurance to pay damages, an insurable interest must exist:

Answer:

When the loss takes place Question 7: Replacement cost less depreciation is the definition of:

Answer:

Actual Cash Value Question 8: An adjuster is a fiduciary agent with a responsibility of loyalty to the interest of

Answer:

The insured and insurer Question 9: A car crash victim sued the negligent-drunk driver for damages 5 years after the accident. What is true in FL?

Answer:

Statute of Limitations applies

Question 10: A Loss Payable Clause refers to

Answer:

Lenders interest in personal property Question 11: An employee stole merchandise from a business on three separate occasions. The value of each theft was more than the Employee Theft policy limit. The business wants the limit to apply separately to each incident. What is true?

Answer:

The limit applies once to all loss caused by the three thefts

Question 12: Commercial vehicles under the FAJUA residual market may purchase which of the following coverages?

Answer:

Liability, PIP and UM Question 13: A insured and two family members were hospitalized for injuries suffered in an auto crash caused by a drunk driver. The insured carried a basic auto liability policy of 10/20/10. What is the maximum that the insured's own liability will pay for these injuries?

Answer:

Question 14: A defense to a claim made by a person who knowingly competes in an extreme sport

and is injured would be:

Answer:

Assumption of Risk Question 15: I have Additional PIP-$90,000 and Extended PIP. I was in an accident in 2017 and have $100,000 in medicals and $1,000 in lost wages. What will PIP pay?

Answer:

$100,000

Question 16: Collision is 'first party' insurance which means:

Answer:

Payment is paid to the insured Question 17: I was getting out of my parked car when it was hit. The driver that hit my vehicle was driving drunk. At the time of the accident I was out-of-state in New York. I have filed a claim for my medicals with my PIP insurance. What is true?

Answer:

I was occupying my vehicle, therefore PIP will pay Question 18: An insured had basic PIP coverage with no deductible. He had an accident that occurred January 2, 2018 and sought medical treatment within 14 days, but was not diagnosed as having an emergency medical condition. Medical bills totaled $3000. What will PIP pay?

Answer:

2400 Question 19: A home destroyed by a mud-slide would be covered under a:

Answer:

Flood Policy Question 20: A building contractor hired a plumbing company to complete the plumbing in a house that the contractor was building. One of the plumbers was injured on the job and it was determined that that plumbing company did not carry the required Workers'

Compensation. All of the following are true, EXCEPT:

Answer:

The state of FL will now pay the plumber's benefits

Question 21: A waiver is defined as

Answer:

Giving up a known right voluntarily

Question 22: Which of the following is NOT included in a proof of loss?

Answer:

Replacement cost of each item Question 23: Your insurance company wrote an auto insurance binder for an owner who said that he did not have any prior accidents. Immediately thereafter it was discovered that he did not tell the truth. The company now wants to cancel the binder as quickly as possible. What is true?

Answer:

• days notice required

Question 24: PIP is primary against all of the following, EXCEPT:

Answer:

Workers' Compensation Question 25: An insured had basic PIP with a $1000 deductible. A friend was riding in the insured's car in Orlando at the time of an accident. The friend did not have PIP but she did own an automobile registered in FL. In the event of an accident, what is true?

Answer: