Florida Insurance Claims Adjuster License Practice Exam

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Prepare for the Florida Insurance Claims Adjuster Test. Access multiple choice questions, flashcards, and detailed explanations to enhance your knowledge and confidence. Start mastering the material today!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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How does Funds Transfer Fraud coverage protect against financial loss?

Through losses due to investments
Through fraudulent fund transfers using communication devices
Through unauthorized bank transactions
Through theft of petty cash

The correct answer is: Through fraudulent fund transfers using communication devices

Funds Transfer Fraud coverage protects against financial loss by covering fraudulent fund transfers that are made using communication devices. This includes unauthorized transfers made by hackers or through phishing scams. Options A, C, and D are incorrect because they do not specifically mention fraudulent transfers using communication devices, which is the main focus of this type of coverage. Losses due to investments, unauthorized bank transactions, and theft of petty cash are covered by other types of insurance, but not through Funds Transfer Fraud coverage.