2/8/25, 10:03 PM ae21 Insurance Adjuster License Final 2025|Complete Exam Test |Recently Testing Real Exam Questions|Verified Solutions (1…
ae21 Insurance Adjuster License Final
2025|Complete Exam Test |Recently Testing
Real Exam Questions|Verified Solutions (100%
correct)
Save
Terms in this set (150)
An assertion of of an alleged legal right against a
A Claim in the property person, entity, company or insurer that carries with it
industry is defined as a demand for money as compensation for injuries or
damage.
What are you really, Peace of mind
buying when you
purchase insurance
Why is insurance such a It is a financial product, the purchase of a product
unique product based on trust.
What is an adjusters most To help those who have been injured, or who have
important objective in suffered a loss that is covered by the insurance
todays world of contract.
insurance?
Claims adjustor who is a salaried employee
company adjustor
representing only one company.
An independent claim representative who handles
Independent Adjuster
claims for insurers for a fee.
property adjuster
Liability Adjuster
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,2/8/25, 10:03 PM ae21 Insurance Adjuster License Final 2025|Complete Exam Test |Recently Testing Real Exam Questions|Verified Solutions (1…
Multi-Line Adjusters Field Adjuster
That duty owed by an agent to act in the highest
good faith toward the principal and not to obtain
Fiduciary Duty
any advantage over the latter by the slightest
misrepresentation, concealment, duress or pressure.
Agency: Power to Bind
What is not a basic Inspection
adjusting function
Evaluation Establishing a dollar value for a claim
Paying what is owed, asking the claimant to ask you
No Release/Walk Away
questions.
Is an Adjusters claim file No
"confidential"?
Main components in the Inquiry, Verification, and Comparison
investigative process:
What is NOT one of the Written evidence of the agreement and its terms
four elements of a
contract
The failure, without legal excuse, of a promisor to
breach of contract perform the obligations of a contract. "Bad Faith"
verdict.
What is not a Endorsements
fundamental part of an
insurance policy?
Following a loss, what is Giving prompt notice of loss to the insurer
one one of the duties of
the insured?
Percentage Deductible percentage of the value of the insured property
$10,000 for bodily injury to one person in an
accident, A max of $20,000 for all individuals in an
10/20/10 Split Limit Policy
accident regardless of the total number involved,
and a Max of $10,000 for all property damage.
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, 2/8/25, 10:03 PM ae21 Insurance Adjuster License Final 2025|Complete Exam Test |Recently Testing Real Exam Questions|Verified Solutions (1…
Which of the following is Breach of Warranty
NOT a defense to a claim
of Negligence?
Which of the following is Valued Policy Law
NOT a law that affects
ones Legal Liability?
"Arising out of the use of" Doing anything with an insured vehicle.
Letting somebody use your vehicle of that which
Permissive Use
you are insured under.
Will pay up to $200 a day for the insured's loss or
Supplementary Payments
earnings if they are required to attend trials or
Coverage
hearings.
Any vehicle with less than four wheels.
Liability Coverage cannot
Using a vehicle without the permission of the
be used for:
insured.
In a Personal Auto-Policy, those individuals meeting the definition of an
liability coverage only "insured" under the policy.
protects:
Review the notice of claim and policy
Contact the Insured
Claims Process: Secure Claimant's Statement
Secure the police report and witness statements
Contact Claimant and Resolve the Claim
Business Auto Policy - Private Passenger, Commercial Vehicles, Public
Types of Vehicles Insured Transport, Specialty Units
A coverage insured for the selling, fixing, and
Garage Keepers Liability
storing of vehicles.
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ae21 Insurance Adjuster License Final
2025|Complete Exam Test |Recently Testing
Real Exam Questions|Verified Solutions (100%
correct)
Save
Terms in this set (150)
An assertion of of an alleged legal right against a
A Claim in the property person, entity, company or insurer that carries with it
industry is defined as a demand for money as compensation for injuries or
damage.
What are you really, Peace of mind
buying when you
purchase insurance
Why is insurance such a It is a financial product, the purchase of a product
unique product based on trust.
What is an adjusters most To help those who have been injured, or who have
important objective in suffered a loss that is covered by the insurance
todays world of contract.
insurance?
Claims adjustor who is a salaried employee
company adjustor
representing only one company.
An independent claim representative who handles
Independent Adjuster
claims for insurers for a fee.
property adjuster
Liability Adjuster
https://quizlet.com/1003276584/ae21-insurance-adjuster-license-final-2025complete-exam-test-recently-testing-real-exam-questionsverified-solu… 1/17
,2/8/25, 10:03 PM ae21 Insurance Adjuster License Final 2025|Complete Exam Test |Recently Testing Real Exam Questions|Verified Solutions (1…
Multi-Line Adjusters Field Adjuster
That duty owed by an agent to act in the highest
good faith toward the principal and not to obtain
Fiduciary Duty
any advantage over the latter by the slightest
misrepresentation, concealment, duress or pressure.
Agency: Power to Bind
What is not a basic Inspection
adjusting function
Evaluation Establishing a dollar value for a claim
Paying what is owed, asking the claimant to ask you
No Release/Walk Away
questions.
Is an Adjusters claim file No
"confidential"?
Main components in the Inquiry, Verification, and Comparison
investigative process:
What is NOT one of the Written evidence of the agreement and its terms
four elements of a
contract
The failure, without legal excuse, of a promisor to
breach of contract perform the obligations of a contract. "Bad Faith"
verdict.
What is not a Endorsements
fundamental part of an
insurance policy?
Following a loss, what is Giving prompt notice of loss to the insurer
one one of the duties of
the insured?
Percentage Deductible percentage of the value of the insured property
$10,000 for bodily injury to one person in an
accident, A max of $20,000 for all individuals in an
10/20/10 Split Limit Policy
accident regardless of the total number involved,
and a Max of $10,000 for all property damage.
https://quizlet.com/1003276584/ae21-insurance-adjuster-license-final-2025complete-exam-test-recently-testing-real-exam-questionsverified-solu… 2/17
, 2/8/25, 10:03 PM ae21 Insurance Adjuster License Final 2025|Complete Exam Test |Recently Testing Real Exam Questions|Verified Solutions (1…
Which of the following is Breach of Warranty
NOT a defense to a claim
of Negligence?
Which of the following is Valued Policy Law
NOT a law that affects
ones Legal Liability?
"Arising out of the use of" Doing anything with an insured vehicle.
Letting somebody use your vehicle of that which
Permissive Use
you are insured under.
Will pay up to $200 a day for the insured's loss or
Supplementary Payments
earnings if they are required to attend trials or
Coverage
hearings.
Any vehicle with less than four wheels.
Liability Coverage cannot
Using a vehicle without the permission of the
be used for:
insured.
In a Personal Auto-Policy, those individuals meeting the definition of an
liability coverage only "insured" under the policy.
protects:
Review the notice of claim and policy
Contact the Insured
Claims Process: Secure Claimant's Statement
Secure the police report and witness statements
Contact Claimant and Resolve the Claim
Business Auto Policy - Private Passenger, Commercial Vehicles, Public
Types of Vehicles Insured Transport, Specialty Units
A coverage insured for the selling, fixing, and
Garage Keepers Liability
storing of vehicles.
https://quizlet.com/1003276584/ae21-insurance-adjuster-license-final-2025complete-exam-test-recently-testing-real-exam-questionsverified-solu… 3/17
