AE21 INSURANCE ADJUSTER LICENSE
ACTUAL TEST PAPER 2026 COMPLETE
QUESTIONS AND SOLUTIONS GRADED A+
●● What are you really, buying when you purchase insurance.
Answer: Peace of mind
●● Why is insurance such a unique product.
Answer: It is a financial product, the purchase of a product based on
trust.
●● What is an adjusters most important objective in todays world of
insurance?.
Answer: To help those who have been injured, or who have suffered a
loss that is covered by the insurance contract.
●● company adjustor.
Answer: Claims adjustor who is a salaried employee representing only
one company.
●● Independent Adjuster.
Answer: An independent claim representative who handles claims for
insurers for a fee.
,●● property adjuster.
Answer:
●● Liability Adjuster.
Answer:
●● Multi-Line Adjusters.
Answer: Field Adjuster
●● Fiduciary Duty.
Answer: 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.
Answer:
●● What is not a basic adjusting function.
Answer: Inspection
●● Evaluation.
Answer: Establishing a dollar value for a claim
, ●● No Release/Walk Away.
Answer: Paying what is owed, asking the claimant to ask you questions.
●● Is an Adjusters claim file "confidential"?.
Answer: No
●● Main components in the investigative process:.
Answer: Inquiry, Verification, and Comparison
●● What is NOT one of the four elements of a contract.
Answer: Written evidence of the agreement and its terms
●● breach of contract.
Answer: The failure, without legal excuse, of a promisor to perform the
obligations of a contract. "Bad Faith" verdict.
●● What is not a fundamental part of an insurance policy?.
Answer: Endorsements
●● Following a loss, what is one one of the duties of the insured?.
Answer: Giving prompt notice of loss to the insurer
ACTUAL TEST PAPER 2026 COMPLETE
QUESTIONS AND SOLUTIONS GRADED A+
●● What are you really, buying when you purchase insurance.
Answer: Peace of mind
●● Why is insurance such a unique product.
Answer: It is a financial product, the purchase of a product based on
trust.
●● What is an adjusters most important objective in todays world of
insurance?.
Answer: To help those who have been injured, or who have suffered a
loss that is covered by the insurance contract.
●● company adjustor.
Answer: Claims adjustor who is a salaried employee representing only
one company.
●● Independent Adjuster.
Answer: An independent claim representative who handles claims for
insurers for a fee.
,●● property adjuster.
Answer:
●● Liability Adjuster.
Answer:
●● Multi-Line Adjusters.
Answer: Field Adjuster
●● Fiduciary Duty.
Answer: 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.
Answer:
●● What is not a basic adjusting function.
Answer: Inspection
●● Evaluation.
Answer: Establishing a dollar value for a claim
, ●● No Release/Walk Away.
Answer: Paying what is owed, asking the claimant to ask you questions.
●● Is an Adjusters claim file "confidential"?.
Answer: No
●● Main components in the investigative process:.
Answer: Inquiry, Verification, and Comparison
●● What is NOT one of the four elements of a contract.
Answer: Written evidence of the agreement and its terms
●● breach of contract.
Answer: The failure, without legal excuse, of a promisor to perform the
obligations of a contract. "Bad Faith" verdict.
●● What is not a fundamental part of an insurance policy?.
Answer: Endorsements
●● Following a loss, what is one one of the duties of the insured?.
Answer: Giving prompt notice of loss to the insurer
