Florida Insurance Claims Adjuster License Practice Exam

What must be identified in the Declarations section of an insurance policy?

1. The named insured and address, state of the insured, policy period, premium, and limits of coverage

2. The geographical locations where the policy is applicable

3. The total number of employees in the insured company

4. Specific details on each covered occurrence

The correct answer is: The named insured and address, state of the insured, policy period, premium, and limits of coverage

In an insurance policy, the Declarations section is where crucial information about the policy is listed. Option B is incorrect because the geographical locations where the policy is applicable are typically found in the policy's text, not the Declarations section. Option C is incorrect because the total number of employees is not a necessary piece of information for the Declarations section. Option D is incorrect because specific details on covered occurrences are usually found in other sections of the policy, not the Declarations section. The correct option, A, includes all of the necessary information for the Declarations section, such as the named insured and their address, the state of the insured, the policy period, premium, and limits of coverage.