Florida Insurance Claims Adjuster License Practice Exam 2026 - Free Insurance Claims Adjuster License Practice Questions and Study Guide

Question: 1 / 400

What is subrogation?

The process of transferring insurance coverage from one party to another

The act of an insurer assuming the rights of an insured to claim damages

Subrogation is the act of an insurer assuming the rights of an insured to claim damages. It is not the process of transferring insurance coverage from one party to another (A), as coverage cannot be transferred between parties. It is also not a legal procedure for settling disputes (C), as subrogation is a specific action taken by an insurer. Lastly, it is not the termination of an insurance policy before its expiry (D), as that would be cancellation, not subrogation. This is why option B is the correct answer.

Get further explanation with Examzify DeepDiveBeta

A legal procedure for settling disputes

The termination of an insurance policy before its expiry

Next Question

Report this question

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy