Florida Insurance Claims Adjuster License Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

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!

Practice this question and more.

In the event that the Condominium Association Coverage form and the Condominium Unit Owners Coverage form both cover a loss, which of the following is true?

Both forms pay equally
The Unit Owner form is primary and the Association form is excess
The two forms are prorated
The Association form is primary and the Unit Owner form is excess

The correct answer is: The Association form is primary and the Unit Owner form is excess

In this scenario, the Association form would be considered primary and the Unit Owner form would be considered excess. This means that the Association form would pay first and any remaining amount would be covered by the Unit Owner form. Option A is incorrect because if both forms cover a loss, one would be considered primary and the other would be considered excess. Option B is incorrect because it states that the Unit Owner form is primary, which is not the case. Option C is incorrect because proration would only occur if the policies were considered equal in terms of coverage. Option D is the correct answer because it correctly identifies the primary and excess forms.