ae21 Insurance Adjuster License Final Exam, Most Recent Exam
2026 Actual Complete Real Exam Questions With Correct
Answers ( Verified Answers) Already Graded A+ | Guaranteed
Success!! | Newest Exam | Just Released!!
The Basic Premise of a General Liability insuring agreement
states that: - ANSWER-The policy will respond if an insured
person or entity is legally liable for bodily injury or property
damage that occurs within the policy period and is not
otherwise excluded from coverage.
One who guarantees the performance or payment of one party
who is obligated
by contract to another is called a: -
ANSWER-Surety
When a public adjuster is required to provide a bond to
guarantee performance,
the public adjuster becomes which party to the bonding
agreement? -
ANSWER-
Principal
The state department requiring a public adjuster to secure a
bond would be
,considered which party to the bonding agreement? -
ANSWER-Obligee
A major difference between the Surety bond and an insurance
policy is - ANSWER-the surety has recovery rights against the
purchaser of the bonds in the event of a loss
What was one of the initial intentions behind the development
of No-Fault/PIP
Benefit Laws - ANSWER-To help litigation by preventing
lawsuits for less
serious automobile-related bodily
injury claims
In FL, what is the minimum PIP limit that the owner of a
motor vehicle must
carry? - ANSWER-
$10,000
Mary Jo has an PAP with basic PIP coverage, a deductible of
$500 and Property Damage Limits of $10,000. She hits a
bicyclist who is riding on the right side of the road and veers
into her car. Are the bicyclists med expenses and lost wages
covered under any part of Mary Jo's Policy? - ANSWER-Yes.
The Bicyclist would be entitled to Mary Jo's PIP coverage up to
the basic PIP limits.
, An elderly customer slips and falls on spilled salt from a store
shelf, injuring her
hip. What kind of claim would be filed under the store's
CGL Policy? -
ANSWER-A Premises
Liability Claim
A roofing contractor spills tar off of a roof he is working on and
it hits a car below. What kind of claim is this and what kind of
policy would respond? - ANSWER-An operations claim to be
addressed by the insureds General
Liability Policy
An AC unit is installed, three days later it falls through the
ceiling and damages
multiple appliances. What kind of claim is this and what
kind of policy will
respond? - ANSWER-A completed Operations Claim filed
under the General
Liability
policy.
The per occurrence limit of a commercial general liability policy
is the max amount a policy will pay for - ANSWER-All bodily
injury and or property losses that arise from each individual
occurrence
The aggregate limit of a commercial general liability policy is
the max amount a policy will pay for: - ANSWER-All bodily
2026 Actual Complete Real Exam Questions With Correct
Answers ( Verified Answers) Already Graded A+ | Guaranteed
Success!! | Newest Exam | Just Released!!
The Basic Premise of a General Liability insuring agreement
states that: - ANSWER-The policy will respond if an insured
person or entity is legally liable for bodily injury or property
damage that occurs within the policy period and is not
otherwise excluded from coverage.
One who guarantees the performance or payment of one party
who is obligated
by contract to another is called a: -
ANSWER-Surety
When a public adjuster is required to provide a bond to
guarantee performance,
the public adjuster becomes which party to the bonding
agreement? -
ANSWER-
Principal
The state department requiring a public adjuster to secure a
bond would be
,considered which party to the bonding agreement? -
ANSWER-Obligee
A major difference between the Surety bond and an insurance
policy is - ANSWER-the surety has recovery rights against the
purchaser of the bonds in the event of a loss
What was one of the initial intentions behind the development
of No-Fault/PIP
Benefit Laws - ANSWER-To help litigation by preventing
lawsuits for less
serious automobile-related bodily
injury claims
In FL, what is the minimum PIP limit that the owner of a
motor vehicle must
carry? - ANSWER-
$10,000
Mary Jo has an PAP with basic PIP coverage, a deductible of
$500 and Property Damage Limits of $10,000. She hits a
bicyclist who is riding on the right side of the road and veers
into her car. Are the bicyclists med expenses and lost wages
covered under any part of Mary Jo's Policy? - ANSWER-Yes.
The Bicyclist would be entitled to Mary Jo's PIP coverage up to
the basic PIP limits.
, An elderly customer slips and falls on spilled salt from a store
shelf, injuring her
hip. What kind of claim would be filed under the store's
CGL Policy? -
ANSWER-A Premises
Liability Claim
A roofing contractor spills tar off of a roof he is working on and
it hits a car below. What kind of claim is this and what kind of
policy would respond? - ANSWER-An operations claim to be
addressed by the insureds General
Liability Policy
An AC unit is installed, three days later it falls through the
ceiling and damages
multiple appliances. What kind of claim is this and what
kind of policy will
respond? - ANSWER-A completed Operations Claim filed
under the General
Liability
policy.
The per occurrence limit of a commercial general liability policy
is the max amount a policy will pay for - ANSWER-All bodily
injury and or property losses that arise from each individual
occurrence
The aggregate limit of a commercial general liability policy is
the max amount a policy will pay for: - ANSWER-All bodily
