*NURSING > EXAM > FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA-REVIEW / 330+ ACTUAL EXAM QUESTIONS A (All)

FLORIDA CLAIMS ADJUSTER EXAM, 6-20 ALL LINES ADJUSTER- FLORIDA-REVIEW / 330+ ACTUAL EXAM QUESTIONS AND ANSWERS WITH CERTIFIED RATIONALES (A+ GUIDE SOLUTION) NEWEST 2025/2026

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Peril - Answer--Something that causes a loss. Hazard - Answer--Something that increases the probability that a loss will occur. Warranty - Answer--A policy condition, either based on information in ... the insureds application or inserted by the insurer. It is a guarantee of a fact. Misrepresentation - Answer--An untrue statement by the insured, made in an application for insurance but which does not become a part of the policy. Concealment - Answer--The failure of the insured to reveal relevant facts known to the insured in applying for insurance Personal Contract - Answer--Policies cover people who own and operate things, such as automobiles. Conditional Contract - Answer--Also called a hypothetical contract, is a contract agreement that only requires performance once the delineated conditions are met. This legal agreement requires prior performance of another agreement or clause in order to be enforceable. If the other agreement or condition is performed, then the conditional contract is enforceable and the parties are bound to carry out the terms of the contract. Contract of Indemnity - Answer--Principle of insurance that provides that when a loss occurs, the insured should be restored to the approximate financial condition he/she occupied before the loss occurred, no better or no worse. Insurable Interest - Answer--the reasonable concern of a person to obtain insurance for any individual or property against unforeseen events such as death, losses, etc. Waiver - Answer--1.) Implied voluntary relinquishment, abandoning a legal advantage, need, claim or right. 2.) Agreement or added clause of a policy [Show More]

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