Florida Insurance Claims Adjuster License Practice Exam

Errors and Omissions (E&O) claims are filed when an individual or company has made a mistake or failed to fulfill a duty, resulting in financial or professional harm to a client.

Option A is incorrect because not all errors and omissions are caused by unethical behavior. E&O claims can also arise from unintentional mistakes or negligence.

Option B is incorrect because while lack of knowledge or information can contribute to errors and omissions, it is not the only cause. E&O claims can also be caused by miscommunications, misunderstanding or misrepresentation of information.

Option D is incorrect because both unethical behavior and lack of knowledge or information can contribute to E&O claims. It is not an either-or situation.