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 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!

Practice this question and more.

What is a Bid in business terms?

An insurance premium
An agreement to fulfill a contractual obligation
A proposal for a health service
A type of property insurance

The correct answer is: An agreement to fulfill a contractual obligation

A Bid in business terms refers to an offer made by a prospective buyer to purchase a product or service. It is not an insurance premium, as that refers to the amount paid to an insurance company to cover a risk. While a bid can be made for a healthcare service, it is not limited to just health services. It is also not a type of property insurance, as that is a form of protection for physical assets. Bids are typically used in contract negotiations and are a crucial part of business transactions.