Florida Insurance Claims Adjuster License Practice Exam

What determines how the policy will respond to an incident?

1. The Coverage Trigger

2. The Premium Payment

3. The Declaration Page

4. The Incident Report

The correct answer is: The Coverage Trigger

The correct answer is A, the Coverage Trigger. This is because the Coverage Trigger sets out the event or circumstance that must occur in order for the policy to respond and provide coverage. Option B, the Premium Payment, is incorrect because it only affects the active status of the policy, but has no bearing on how the policy will respond in the event of an incident. Option C, the Declaration Page, is incorrect because it is simply a summary of the policy and does not determine how it will respond to an incident. Option D, the Incident Report, is incorrect because it is a document filed after an incident occurs and does not dictate the policy's response.