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.

Which is not a fiduciary responsibility of a claims adjuster?

Maintain loyalty to the company
Reveal all underwriting facts to the underwriter
Withhold pertinent information from the company
Properly account for all monies

The correct answer is: Withhold pertinent information from the company

A While it is important for a claims adjuster to maintain loyalty to their company, it is not a fiduciary responsibility. Fiduciary responsibilities involve financial duties and obligations. B: It is essential for a claims adjuster to reveal all underwriting facts to the underwriter in order to ensure accurate decision making. C: This option is incorrect because a claims adjuster has a fiduciary duty to disclose all relevant information to the company, rather than withhold it. D: A fiduciary responsibility of a claims adjuster is to properly account for all monies received and disbursed in relation to their claims. This ensures ethical and responsible handling of financial matters.