Florida Insurance Claims Adjuster License Practice Exam

How is an Implied Waiver determined?

1. Through explicit written agreement.

2. By the assumption based on behavior.

3. Through verbal agreement by the insurer.

4. By statutory law.

The correct answer is: By the assumption based on behavior.

An Implied Waiver is determined by the assumption based on behavior. This means that the insurer can infer from the actions or conduct of the parties involved that a waiver has been made, rather than having to rely on a written or verbal agreement. This option is the most appropriate because it allows for flexibility in determining when a waiver has occurred, taking into account the unique circumstances of each situation. The other options are incorrect as they provide specific requirements or conditions for determining an Implied Waiver, which may not always be applicable or appropriate. For example, while a written agreement may be a valid method of determining a waiver in some cases, it may not always be feasible or necessary. Similarly, relying on verbal agreement by the insurer or statutory law may limit the scope of situations in which an Implied Waiver can be determined. In summary, the most accurate and comprehensive way to determine an Im