ADJUSTER PRO: INDIANA ADJUSTER'S LICENSE - PRACTICE
EXAM LATEST QUESTIONS UPDATED QUESTIONS AND
VERIFIED CORRECT ANSWERS ALREADY GRADED A++ AND
PASSED
On January 27, 2008, Ryan was using an exercise bike purchased from
NusquamCycle when the chain broke, causing him to fall and severely bruise his
knee. It seemed to heal just fine, but three years later, on January 25, 2011,
Ryan's knee gave out while jogging. His doctor told him that he'll need surgery
and that this deterioration resulted from the earlier accident with the exercise
bike. Which of the following CGL policies may cover Ryan's claim filed January
25, 2011?
A. An occurrence policy from Jan 31 2011-Jan 31 2013
B. An occurrence policy from Feb 28 2008-Feb 28 2010
C. A claims-made policy from Jan 31 2008-Jan 31 2010
D. A claims-made policy from Jan 31 2009-Jan 31 2011
D
Which of the following statements about Indiana's approach to Workers' Comp
insurance is true?
A. WC is compulsory, and Indiana has no state WC fund.
B. WC is elective, and Indiana has no state WC fund.
C. WC is elective, and Indiana has a competitive state WC fund.
D. WC is compulsory, and Indiana has a monopolistic state WC fund.
A
Who is NOT eligible for a homeowners policy?
A. An owner of a home under construction
B. A person who owns and lives in his house
, C. A tenant who rents a home or apartment
D. An owner of a house in which he does not live, but rents to a tenant
D
Frank owns a bakery specializing in authentic French bread. He uses two
specialty ovens for his daily production of French bread. If one of these giant
ovens were to break down, it would cost Frank's bakery a lot of money to repair,
not to mention the loss of revenue caused by lower production. On his
Equipment Breakdown Protection Form, each of Frank's ovens would be
considered:
A. a "peril."
B. an "object."
C. a "machine."
D. a "liability."
B
A dwelling policy would NOT be appropriate for:
A. a duplex owned by an individual.
B. a single-family home wholly rented out.
C. a four-plex owned by a corporation.
D. a motorhome owned by an individual.
D
*Jane has a $150,000 homeowners policy with a 3% percentage deductible. One
night, an oven fire destroys her kitchen, causing $50,000 in damage. How much of
the damage falls under Jane's responsibility?
A. $4,500
B. $15,000
C. $3,600
D. $1,500
A
All of the following pieces of information can be found in the Conditions section
of an insurance policy, EXCEPT:
EXAM LATEST QUESTIONS UPDATED QUESTIONS AND
VERIFIED CORRECT ANSWERS ALREADY GRADED A++ AND
PASSED
On January 27, 2008, Ryan was using an exercise bike purchased from
NusquamCycle when the chain broke, causing him to fall and severely bruise his
knee. It seemed to heal just fine, but three years later, on January 25, 2011,
Ryan's knee gave out while jogging. His doctor told him that he'll need surgery
and that this deterioration resulted from the earlier accident with the exercise
bike. Which of the following CGL policies may cover Ryan's claim filed January
25, 2011?
A. An occurrence policy from Jan 31 2011-Jan 31 2013
B. An occurrence policy from Feb 28 2008-Feb 28 2010
C. A claims-made policy from Jan 31 2008-Jan 31 2010
D. A claims-made policy from Jan 31 2009-Jan 31 2011
D
Which of the following statements about Indiana's approach to Workers' Comp
insurance is true?
A. WC is compulsory, and Indiana has no state WC fund.
B. WC is elective, and Indiana has no state WC fund.
C. WC is elective, and Indiana has a competitive state WC fund.
D. WC is compulsory, and Indiana has a monopolistic state WC fund.
A
Who is NOT eligible for a homeowners policy?
A. An owner of a home under construction
B. A person who owns and lives in his house
, C. A tenant who rents a home or apartment
D. An owner of a house in which he does not live, but rents to a tenant
D
Frank owns a bakery specializing in authentic French bread. He uses two
specialty ovens for his daily production of French bread. If one of these giant
ovens were to break down, it would cost Frank's bakery a lot of money to repair,
not to mention the loss of revenue caused by lower production. On his
Equipment Breakdown Protection Form, each of Frank's ovens would be
considered:
A. a "peril."
B. an "object."
C. a "machine."
D. a "liability."
B
A dwelling policy would NOT be appropriate for:
A. a duplex owned by an individual.
B. a single-family home wholly rented out.
C. a four-plex owned by a corporation.
D. a motorhome owned by an individual.
D
*Jane has a $150,000 homeowners policy with a 3% percentage deductible. One
night, an oven fire destroys her kitchen, causing $50,000 in damage. How much of
the damage falls under Jane's responsibility?
A. $4,500
B. $15,000
C. $3,600
D. $1,500
A
All of the following pieces of information can be found in the Conditions section
of an insurance policy, EXCEPT:
