1/7/26, 10:05 AM ae21 Insurance Adjuster License Final Exam 2026 (Actual Exam) Questions with verified Answers (Latest Update 2026) UPDATE!! …
ae21 Insurance Adjuster License Final Exam 2026
(Actual Exam) Questions with verified Answers
(Latest Update 2026) UPDATE!!
Save
Terms in this set (150)
A Claim in the property industry is An assertion of of an alleged legal right against a
defined as person, entity, company or insurer that carries with
it a demand for money as compensation for injuries
or damage.
What are you really, buying when Peace of mind
you purchase insurance
Why is insurance such a unique It is a financial product, the purchase of a product
product based on trust.
What is an adjusters most important To help those who have been injured, or who have
objective in todays world of suffered a loss that is covered by the insurance
insurance? contract.
company adjustor Claims adjustor who is a salaried employee
representing only one company.
Independent Adjuster An independent claim representative who handles
claims for insurers for a fee.
https://quizlet.com/1127901041/ae21-insurance-adjuster-license-final-exam-2026-actual-exam-questions-with-verified-answers-latest-update-2026-up… 1/20
,1/7/26, 10:05 AM ae21 Insurance Adjuster License Final Exam 2026 (Actual Exam) Questions with verified Answers (Latest Update 2026) UPDATE!! …
property adjuster
Liability Adjuster
Multi-Line Adjusters Field Adjuster
Fiduciary Duty That duty owed by an agent to act in the highest
good faith toward the principal and not to obtain
any advantage over the latter by the slightest
misrepresentation, concealment, duress or
pressure.
Agency: Power to Bind
What is not a basic adjusting function Inspection
Evaluation Establishing a dollar value for a claim
No Release/Walk Away Paying what is owed, asking the claimant to ask you
questions.
Is an Adjusters claim file No
"confidential"?
Main components in the investigative Inquiry, Verification, and Comparison
process:
What is NOT one of the four Written evidence of the agreement and its terms
elements of a contract
breach of contract The failure, without legal excuse, of a promisor to
perform the obligations of a contract. "Bad Faith"
verdict.
https://quizlet.com/1127901041/ae21-insurance-adjuster-license-final-exam-2026-actual-exam-questions-with-verified-answers-latest-update-2026-up… 2/20
, 1/7/26, 10:05 AM ae21 Insurance Adjuster License Final Exam 2026 (Actual Exam) Questions with verified Answers (Latest Update 2026) UPDATE!! …
What is not a fundamental part of an Endorsements
insurance policy?
Following a loss, what is one one of Giving prompt notice of loss to the insurer
the duties of the insured?
Percentage Deductible percentage of the value of the insured property
10/20/10 Split Limit Policy $10,000 for bodily injury to one person in an
accident, A max of $20,000 for all individuals in an
accident regardless of the total number involved,
and a Max of $10,000 for all property damage.
Which of the following is NOT a Breach of Warranty
defense to a claim of Negligence?
Which of the following is NOT a law Valued Policy Law
that affects ones Legal Liability?
"Arising out of the use of" Doing anything with an insured vehicle.
Permissive Use Letting somebody use your vehicle of that which
you are insured under.
Supplementary Payments Coverage Will pay up to $200 a day for the insured's loss or
earnings if they are required to attend trials or
hearings.
Liability Coverage cannot be used Any vehicle with less than four wheels.
for: Using a vehicle without the permission of the
insured.
https://quizlet.com/1127901041/ae21-insurance-adjuster-license-final-exam-2026-actual-exam-questions-with-verified-answers-latest-update-2026-up… 3/20
ae21 Insurance Adjuster License Final Exam 2026
(Actual Exam) Questions with verified Answers
(Latest Update 2026) UPDATE!!
Save
Terms in this set (150)
A Claim in the property industry is An assertion of of an alleged legal right against a
defined as person, entity, company or insurer that carries with
it a demand for money as compensation for injuries
or damage.
What are you really, buying when Peace of mind
you purchase insurance
Why is insurance such a unique It is a financial product, the purchase of a product
product based on trust.
What is an adjusters most important To help those who have been injured, or who have
objective in todays world of suffered a loss that is covered by the insurance
insurance? contract.
company adjustor Claims adjustor who is a salaried employee
representing only one company.
Independent Adjuster An independent claim representative who handles
claims for insurers for a fee.
https://quizlet.com/1127901041/ae21-insurance-adjuster-license-final-exam-2026-actual-exam-questions-with-verified-answers-latest-update-2026-up… 1/20
,1/7/26, 10:05 AM ae21 Insurance Adjuster License Final Exam 2026 (Actual Exam) Questions with verified Answers (Latest Update 2026) UPDATE!! …
property adjuster
Liability Adjuster
Multi-Line Adjusters Field Adjuster
Fiduciary Duty That duty owed by an agent to act in the highest
good faith toward the principal and not to obtain
any advantage over the latter by the slightest
misrepresentation, concealment, duress or
pressure.
Agency: Power to Bind
What is not a basic adjusting function Inspection
Evaluation Establishing a dollar value for a claim
No Release/Walk Away Paying what is owed, asking the claimant to ask you
questions.
Is an Adjusters claim file No
"confidential"?
Main components in the investigative Inquiry, Verification, and Comparison
process:
What is NOT one of the four Written evidence of the agreement and its terms
elements of a contract
breach of contract The failure, without legal excuse, of a promisor to
perform the obligations of a contract. "Bad Faith"
verdict.
https://quizlet.com/1127901041/ae21-insurance-adjuster-license-final-exam-2026-actual-exam-questions-with-verified-answers-latest-update-2026-up… 2/20
, 1/7/26, 10:05 AM ae21 Insurance Adjuster License Final Exam 2026 (Actual Exam) Questions with verified Answers (Latest Update 2026) UPDATE!! …
What is not a fundamental part of an Endorsements
insurance policy?
Following a loss, what is one one of Giving prompt notice of loss to the insurer
the duties of the insured?
Percentage Deductible percentage of the value of the insured property
10/20/10 Split Limit Policy $10,000 for bodily injury to one person in an
accident, A max of $20,000 for all individuals in an
accident regardless of the total number involved,
and a Max of $10,000 for all property damage.
Which of the following is NOT a Breach of Warranty
defense to a claim of Negligence?
Which of the following is NOT a law Valued Policy Law
that affects ones Legal Liability?
"Arising out of the use of" Doing anything with an insured vehicle.
Permissive Use Letting somebody use your vehicle of that which
you are insured under.
Supplementary Payments Coverage Will pay up to $200 a day for the insured's loss or
earnings if they are required to attend trials or
hearings.
Liability Coverage cannot be used Any vehicle with less than four wheels.
for: Using a vehicle without the permission of the
insured.
https://quizlet.com/1127901041/ae21-insurance-adjuster-license-final-exam-2026-actual-exam-questions-with-verified-answers-latest-update-2026-up… 3/20
