FLORIDA ALL LINES ADJUSTER EXAM 2026-2027 REAL EXAM 200 QUESTIONS AND CORRECT DETAILED ANSWERS (100% VERIFIED ANSWERS) |AGRADE

FLORIDA ALL LINES ADJUSTER EXAM 2026-2027

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

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