Florida Insurance Claims Adjuster License Practice Exam

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Prepare for the Florida Insurance Claims Adjuster License Exam with this informative quiz. Engage with multiple-choice questions and explanations to boost your understanding and confidence for the official exam.

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!

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The basic amount of Medical Payment coverage under a CGL policy is:

$2,000
$3,000
$1,000
$5,000

The correct answer is: $5,000

Medical Payment coverage under a CGL (Commercial General Liability) policy refers to coverage for medical expenses incurred by third parties due to an accident on the insured's premises or as a result of their operations. The basic amount of this coverage typically ranges from $1,000 to $5,000, with most companies offering a standard limit of $5,000. Therefore, options A, B and C are all lower than the standard limit and would not provide adequate coverage for medical expenses. Option D is the correct answer as it is the highest amount and offers the most comprehensive coverage. It is important for businesses to regularly review their coverage limits and adjust them accordingly based on their operations and potential risks.