The act that regulates the collection and use of a) FCRA - fair credit reporting act
your personal information by the insurance b) HIPAA - health insurance portability and accountability act
provider is the: c) FIGA - federal insurance guaranty act
d) IIPPA - insurance information and privacy protection act
d
An adjuster who is trying to figure out whether a a) where the fire started
claim involving fire damage to a vehicle is b) what time of day the fire took place
fraudulent or not should try to determine: c) whether the insured lent his car to anyone at the time of loss
d) how long the insured has been paying premiums
a
Adverse selection occurs when: Applicants are accepted by the insurer with little or no attention given
to underwriting.
,All appraisals must include a written disclosure a) calculations of the value of the vehicle based on all 3 valuation
containing certain information. Which of the methods
following does NOT need to be included? b) the date after which the insurer is no longer responsible for
insurance costs
c) where to find replacement parts that are of equal or better quality
than the damaged parts
d) the dollar amount of the appraisal
a
All of the following are characteristics of an The loss must be catastrophic in nature.
insurable risk, EXCEPT:
All of the following statements are true regarding a) Under the law, the federal government retains the right to approve
Public Law 15 (The McCarren-Ferguson Act), insurance forms.
EXCEPT: b) The law assigned authority to the federal government to regulate fair
labor standards.
c) The law left insurance licensing up to the states.
d) Under the law, the states regulate the ethical conduct of its
insurance licensees.
a
,All of the following vehicle parts may be attached a) drivetrain
to the floor pan except: b) firewall
c) radiator
d) suspension
c
The alternator, battery, voltage regulator, and charging system
ammeter are all a part of a vehicle's:
An appraiser is inspecting a vehicle after a front- a) deck lid
end collision. Since the vehicle has a damaged b) quarter panel
front bumper, where else should the appraiser c) floor pan
check for damage? d) frame rails
d
, The appraiser must review the appraisal with a a) the mechanics at the repair shop understand what needs to be fixed.
representative of a repair shop. This is so that: b) the mechanics at the repair shop will be informed that an insurer,
and not the individual, will be paying for the repairs.
c) the appraiser can make an accurate assessment of the cost of
necessary repairs
d) the mechanics at the repair shop understand how much they will be
paid
c
An appraiser's damage estimate: a) is for the sole use of the insurer
b) should not include costs for labor
c) could also be considered an offer to settle for the damages
d) should include the name and phone number of the insurance
company and appraiser
d
Bob is using sandpaper to remove the paint from 24 grit
around a dent in a steel panel of a vehicle. Which
of the following is the most likely grit of
sandpaper Bob is using?
The body of a vehicle's roof is made up of: The inner and outer roof panels
your personal information by the insurance b) HIPAA - health insurance portability and accountability act
provider is the: c) FIGA - federal insurance guaranty act
d) IIPPA - insurance information and privacy protection act
d
An adjuster who is trying to figure out whether a a) where the fire started
claim involving fire damage to a vehicle is b) what time of day the fire took place
fraudulent or not should try to determine: c) whether the insured lent his car to anyone at the time of loss
d) how long the insured has been paying premiums
a
Adverse selection occurs when: Applicants are accepted by the insurer with little or no attention given
to underwriting.
,All appraisals must include a written disclosure a) calculations of the value of the vehicle based on all 3 valuation
containing certain information. Which of the methods
following does NOT need to be included? b) the date after which the insurer is no longer responsible for
insurance costs
c) where to find replacement parts that are of equal or better quality
than the damaged parts
d) the dollar amount of the appraisal
a
All of the following are characteristics of an The loss must be catastrophic in nature.
insurable risk, EXCEPT:
All of the following statements are true regarding a) Under the law, the federal government retains the right to approve
Public Law 15 (The McCarren-Ferguson Act), insurance forms.
EXCEPT: b) The law assigned authority to the federal government to regulate fair
labor standards.
c) The law left insurance licensing up to the states.
d) Under the law, the states regulate the ethical conduct of its
insurance licensees.
a
,All of the following vehicle parts may be attached a) drivetrain
to the floor pan except: b) firewall
c) radiator
d) suspension
c
The alternator, battery, voltage regulator, and charging system
ammeter are all a part of a vehicle's:
An appraiser is inspecting a vehicle after a front- a) deck lid
end collision. Since the vehicle has a damaged b) quarter panel
front bumper, where else should the appraiser c) floor pan
check for damage? d) frame rails
d
, The appraiser must review the appraisal with a a) the mechanics at the repair shop understand what needs to be fixed.
representative of a repair shop. This is so that: b) the mechanics at the repair shop will be informed that an insurer,
and not the individual, will be paying for the repairs.
c) the appraiser can make an accurate assessment of the cost of
necessary repairs
d) the mechanics at the repair shop understand how much they will be
paid
c
An appraiser's damage estimate: a) is for the sole use of the insurer
b) should not include costs for labor
c) could also be considered an offer to settle for the damages
d) should include the name and phone number of the insurance
company and appraiser
d
Bob is using sandpaper to remove the paint from 24 grit
around a dent in a steel panel of a vehicle. Which
of the following is the most likely grit of
sandpaper Bob is using?
The body of a vehicle's roof is made up of: The inner and outer roof panels
