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!

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What is apportionment in relation to insurance claims?

A method for computing and assigning to each of several contracts covering a claim its proportion of the loss
A specific claim filing methodology for minor injuries
A standard procedure for disputing insurance claims
A regulation for determining the amount of coverage per individual

The correct answer is: A method for computing and assigning to each of several contracts covering a claim its proportion of the loss

Apportionment in relation to insurance claims refers to the process of determining and allocating the proportion of a loss that should be covered by each insurance contract involved in the claim. This applies specifically to situations where there are multiple insurance policies that may potentially cover the same loss. Therefore, options B, C, and D are incorrect as they do not accurately describe the purpose of apportionment in relation to insurance claims. Option B only applies to specific claims for minor injuries, while option C refers to disputing claims, and option D focuses on determining the amount of coverage per individual. These do not address the concept of apportionment in relation to multiple insurance contracts.