FLORIDA 3-20 PUBLIC ADJUSTERS STATE EXAM 2026-2027 ACTUAL EXAM 150 QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES AGRADE

FLORIDA 3-20 PUBLIC ADJUSTERS STATE EXAM

2026-2027 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

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

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

- ANSWER- Commissioner

Used as a promise to accept a bid if awarded to a company - ANSWERBid bond

Damaged property an insurer takes over to reduce their loss after paying

a claim - ANSWER- Salvage

Factual statements upon which an insurance policy is based - ANSWERRepresentations

A contract between two parties that offer the consumer little to no

leeway to negotiate the terms of the contract - ANSWER- Contract of

adhesion