INSURANCE ADJUSTER EXAM 2026
COMPLETE QUESTION DIGEST WITH
CORRECT SOLUTIONS
◉All fires are not covered by the Standard Fire policies, only those
that:. Answer: are hostile and have a flame or glow
◉At what time does a fire policy go into affect?. Answer: 12:01am
standard time at the location of the insured's property
◉A property is insured under two Standard Fire policies for $25,000
each. A fire causes $10,000 worth of damage. What is the maximum
amount the insured may collect under each policy?. Answer: $5,000
◉A fire burning in the middle of the living room would be
considered:. Answer: a hostile fire
◉An insured's house is damaged by fire caused by a neighbor's
negligence. The insurance company will attempt to recover damage
from the neighbor. This is called:. Answer: subrogation
,◉Which of the following statements are true concerning
requirements of the standard fire policy?. Answer: The insured must
separate damaged from undamaged property in the event there is a
loss AND If a loss occurs, the insured normally has 60 days to file a
proof of loss with the insurer
◉Which types of property are excluded from coverage under the
basic fire policy?. Answer: accounts, currency, deeds, and securities
◉Who is insured under the Standard Fire policy?. Answer: the
named insured and his legal representatives
◉An agreement which affords temporary insurance protection until
the policy is issued is called:. Answer: a binder
◉as a general rule, a complete fire insurance policy would be made
up of:. Answer: the Standard Fire policy with one or more forms
attached
◉The one condition listed below which will not void a fire policy:
a) false swearing
b) misrepresentation
c) over-insurance
d) concealment. Answer: over-insurance
,◉replacement cost minus depreciation:. Answer: Actual Cash Value
(ACV)
◉The Standard Fire policy with an extended coverage endorsement
attached covers which of the following:. Answer: riot
◉A loss due to order of Civil Authority:. Answer: is excluded unless
the loss occurs because of an order by Civil Authorities for the
purpose of controlling a fire
◉The term "unoccupancy" refers to the absence of :. Answer:
persons from a building
◉Suppose a fire occurs on February 26th. On April 30th, the
insurance company notifies the mortgagee the insured has not filed
a proof of loss. To protect their interest, the mortgagee must file a
proof of loss within _________ days after what date?. Answer: 60 days
after April 30th
◉For recovery under the Standard Fire policy, a party must:.
Answer: be named in the policy and show an insurable interest in
the property at the time the loss occurs
, ◉What is the requirement on how much experience one must have
to be elected the insurance commissioner in Georgia?. Answer: None
◉Once elected, how long is the insurance commissioner's term?.
Answer: 4 years
◉Is there a limit on the number of terms an insurance commissioner
can serve?. Answer: No
◉Who is Georgia's current insurance commissioner?. Answer: Ralph
Hudgens
◉What two capacities does Georgia's insurance commissioner
serve?. Answer: 1. Chief Officer of Insurance Dept.
2. Chief Fire Marshall
◉What happens if the Insurance Commissioner has to resign early?.
Answer: No election; the Chief Deputy will take over
◉What is the requirement to serve as Chief Deputy in Georgia?.
Answer: must have a bond in the amount of $15,000
◉If you are a domestic insurer in Georgia, how often does code say
your financials must be examined?. Answer: once every 5 years
COMPLETE QUESTION DIGEST WITH
CORRECT SOLUTIONS
◉All fires are not covered by the Standard Fire policies, only those
that:. Answer: are hostile and have a flame or glow
◉At what time does a fire policy go into affect?. Answer: 12:01am
standard time at the location of the insured's property
◉A property is insured under two Standard Fire policies for $25,000
each. A fire causes $10,000 worth of damage. What is the maximum
amount the insured may collect under each policy?. Answer: $5,000
◉A fire burning in the middle of the living room would be
considered:. Answer: a hostile fire
◉An insured's house is damaged by fire caused by a neighbor's
negligence. The insurance company will attempt to recover damage
from the neighbor. This is called:. Answer: subrogation
,◉Which of the following statements are true concerning
requirements of the standard fire policy?. Answer: The insured must
separate damaged from undamaged property in the event there is a
loss AND If a loss occurs, the insured normally has 60 days to file a
proof of loss with the insurer
◉Which types of property are excluded from coverage under the
basic fire policy?. Answer: accounts, currency, deeds, and securities
◉Who is insured under the Standard Fire policy?. Answer: the
named insured and his legal representatives
◉An agreement which affords temporary insurance protection until
the policy is issued is called:. Answer: a binder
◉as a general rule, a complete fire insurance policy would be made
up of:. Answer: the Standard Fire policy with one or more forms
attached
◉The one condition listed below which will not void a fire policy:
a) false swearing
b) misrepresentation
c) over-insurance
d) concealment. Answer: over-insurance
,◉replacement cost minus depreciation:. Answer: Actual Cash Value
(ACV)
◉The Standard Fire policy with an extended coverage endorsement
attached covers which of the following:. Answer: riot
◉A loss due to order of Civil Authority:. Answer: is excluded unless
the loss occurs because of an order by Civil Authorities for the
purpose of controlling a fire
◉The term "unoccupancy" refers to the absence of :. Answer:
persons from a building
◉Suppose a fire occurs on February 26th. On April 30th, the
insurance company notifies the mortgagee the insured has not filed
a proof of loss. To protect their interest, the mortgagee must file a
proof of loss within _________ days after what date?. Answer: 60 days
after April 30th
◉For recovery under the Standard Fire policy, a party must:.
Answer: be named in the policy and show an insurable interest in
the property at the time the loss occurs
, ◉What is the requirement on how much experience one must have
to be elected the insurance commissioner in Georgia?. Answer: None
◉Once elected, how long is the insurance commissioner's term?.
Answer: 4 years
◉Is there a limit on the number of terms an insurance commissioner
can serve?. Answer: No
◉Who is Georgia's current insurance commissioner?. Answer: Ralph
Hudgens
◉What two capacities does Georgia's insurance commissioner
serve?. Answer: 1. Chief Officer of Insurance Dept.
2. Chief Fire Marshall
◉What happens if the Insurance Commissioner has to resign early?.
Answer: No election; the Chief Deputy will take over
◉What is the requirement to serve as Chief Deputy in Georgia?.
Answer: must have a bond in the amount of $15,000
◉If you are a domestic insurer in Georgia, how often does code say
your financials must be examined?. Answer: once every 5 years
