Florida Insurance Claims Adjuster License Practice Exam

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What are examples of Transacting Insurance?

  1. Negotiation of Insurance

  2. Auditing Insurance Policies

  3. Insurance Policy Cancellation

  4. Insurance Claims Adjusting

The correct answer is: Negotiation of Insurance

Examples of transacting insurance include negotiating insurance policies, processing insurance claims, and managing insurance policies. Option B, auditing insurance policies, is incorrect because it involves reviewing and checking for accuracy rather than actively engaging in the transaction process. Option C, insurance policy cancellation, is incorrect because it is an action taken after the insurance transaction has already occurred. Option D, insurance claims adjusting, is incorrect because it involves evaluating and settling claims rather than facilitating or conducting insurance transactions.

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