Florida 3-20 Public Adjusters State Exam (Set 1)| 140 QUESTIONS

Florida 3-20 Public Adjusters State Exam (Set 1)| 140 QUESTIONS
The insurer and insured agree to a specific value of insured item
Question 1: What is the term for when the insurer and insured
agree to a specific value of an insured item?
CORRECT ANSWER: Agreed Value Policies
Someone who has care, custody or control of another's property
Question 2: What is the term for someone who has care,
custody, or control of another's property?
CORRECT ANSWER: Bailee
Claim filed by policy holder against his _
Question 3: What is the term for a claim filed by a policyholder
against their own insurance?
CORRECT ANSWER: First Party Claim
When a person who entrusts another with an object and it results
in injury to someone can be held liable for the injury to
someone. Can be held liable for the injury i.e. Firearm or DWI

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