Nm adjuster exam questions and answers
, an insurance contract, the policyholder gives the insurer and the insurer gives the policyholder .
- Correct Answerspremium payments; peace of mind
Which of the following people does NOT have an insurable interest in an insured property? - Correct AnswersA
homeowner's interest in the local town water pipes that deliver water to his home.
In the event of a catastrophe, emergency adjuster licenses in New Mexico are valid for: - Correct Answers90 days.
Cindy falls down the stairs at Jane's house and breaks her arm, resulting in $2,500 in medical expenses. Jane's
homeowner's insurance will cover the liability, but Cindy is particularly mad at Jane for not keeping her house in
order and is seeking punitive damages. Jane's insurance adjuster informs the two of them that they will likely
have to go to court to settle the dispute because: - Correct Answerspunitive damages can only be determined by a
court of law.
Under Jacqueline's Personal Injury Protection, all of the following would be covered for bodily injuries except: -
Correct AnswersJacqueline's sister who also has PIP
Jason has had mild asthma since childhood. He now works in a chemical processing plant, and his asthma has
gotten much worse ever since he contracted pneumonia because of the fumes at the plant. For workers'
compensation insurance, this is usually known as: - Correct Answersaggravation.
Jane's shed burns to the ground during a tornado, when a tree falls on the roof and snaps a power line, which then
ignites the structure. What is the proximate cause of the loss? - Correct AnswersWind
Inland marine insurance protects: - Correct Answersproperty related to transportation and property being
transported
Under the New Mexico Commercial Auto Insurance Plan, a policyholder can purchase additional coverage up to
limits required by any other state: - Correct Answersbut only for as long as the insured vehicles are being driven in
that state.
What are the four requirements of a legally binding contract? - Correct AnswersAgreement, consideration,
competent parties, legal purpose
Which statement about the Jones Act is TRUE? - Correct AnswersIt protects injured seamen by allowing them to
sue for damages and to choose a jury trial.
All of the following lines of coverage may be offered in Commercial Package Policy, except: - Correct
AnswersWorkers' Compensation.
, an insurance contract, the policyholder gives the insurer and the insurer gives the policyholder .
- Correct Answerspremium payments; peace of mind
Which of the following people does NOT have an insurable interest in an insured property? - Correct AnswersA
homeowner's interest in the local town water pipes that deliver water to his home.
In the event of a catastrophe, emergency adjuster licenses in New Mexico are valid for: - Correct Answers90 days.
Cindy falls down the stairs at Jane's house and breaks her arm, resulting in $2,500 in medical expenses. Jane's
homeowner's insurance will cover the liability, but Cindy is particularly mad at Jane for not keeping her house in
order and is seeking punitive damages. Jane's insurance adjuster informs the two of them that they will likely
have to go to court to settle the dispute because: - Correct Answerspunitive damages can only be determined by a
court of law.
Under Jacqueline's Personal Injury Protection, all of the following would be covered for bodily injuries except: -
Correct AnswersJacqueline's sister who also has PIP
Jason has had mild asthma since childhood. He now works in a chemical processing plant, and his asthma has
gotten much worse ever since he contracted pneumonia because of the fumes at the plant. For workers'
compensation insurance, this is usually known as: - Correct Answersaggravation.
Jane's shed burns to the ground during a tornado, when a tree falls on the roof and snaps a power line, which then
ignites the structure. What is the proximate cause of the loss? - Correct AnswersWind
Inland marine insurance protects: - Correct Answersproperty related to transportation and property being
transported
Under the New Mexico Commercial Auto Insurance Plan, a policyholder can purchase additional coverage up to
limits required by any other state: - Correct Answersbut only for as long as the insured vehicles are being driven in
that state.
What are the four requirements of a legally binding contract? - Correct AnswersAgreement, consideration,
competent parties, legal purpose
Which statement about the Jones Act is TRUE? - Correct AnswersIt protects injured seamen by allowing them to
sue for damages and to choose a jury trial.
All of the following lines of coverage may be offered in Commercial Package Policy, except: - Correct
AnswersWorkers' Compensation.
