ILLINOIS PUBLIC ADJUSTER EXAM
ILLINOIS PUBLIC ADJUSTER EXAM NEWEST 2025/2026 COMPLETE
130 QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS)
|ALREADY GRADED A+||BRAND NEW VERSION!!
1. If a public adiuster signs a contract with an insured within 5 business days of a
fire loss, how long does the insured have to void the contract?
(A. 3 days
(B. 5 days
(C. 10 days
(D. 30 days - ANSWER-(C. 10 days
2. How long must a public adjuster maintain records for the possible inspection
and examination by the Director?
(A. One year
(B. Two years
(C. Three years
(D. Seven years - ANSWER-(D. Seven years
3. If a Public Adjuster has possession of funds that are not to be paid to the Public
Adjuster, what place would be most appropriate for the Public Adiuster to deposit
the funds into?
(A. A savings account
(B. A separate escrow account
(C. A checking account
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, ILLINOIS PUBLIC ADJUSTER EXAM
(D. In a locked cabinet in the Public Adjuster's office - ANSWER-(B. A separate
escrow account
4. To whom may a public adjuster not give out any of the insured's information
without consent of the insured?
Rhea,
(A. The insurer which writes the policy
(B. A contractor which is developing an repair estimate
(C. The Internal Revenue Service
(D. The Department of Insurance - ANSWER-(B. A contractor which is developing
an repair estimate
5. In order to renew a public adjuster license, a licenseemust complete how many
hours of continuing education?
(A. 24 hours of approved continuing education every year
(B. 24 hours of approved continuing education every two years
(C. 24 hours of college-level or insurance-related classes every two years
(D. 24 hours of ethics education every two years - ANSWER-(B. 24 hours of
approved continuing education every two years
6. How is Actual Cash Value calculated according to Administrative Rule 919?
(A. Market value at the time of loss
(B. Replacement cost plus depreciation
(C. Replacement cost at the time of loss less depreciation
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, ILLINOIS PUBLIC ADJUSTER EXAM
(D. Cost at the time of purchase less depreciation - ANSWER-(C. Replacement cost
at the time of loss less depreciation
7. If the insured's full amount of appraised loss is upheld under the appraisal
clause of a fire and extended policy in Illinois, who pays the fees of the appraisers
and the umpire?
(A. Each side pays for its own appraiser, and the fees of the umpire si divided
equally
(B. Each side pays for its own appraiser, and the insurer pays the full cost of the
umpire
(C. The insured pays the fees of the appraisers and the umpire
(D. The insurer pays the fees of the appraisers and the umpire - ANSWER-(D. The
insurer pays the fees of the appraisers and the umpire
8. An insurer must notify the public adjuster if a homeowner's claim remains
undecided for how many d a s ?
(A. 10 days after the date of loss
(B. 10 days after receiving proof of loss
(C. 25 days after the date of loss
(D. 25 days after receiving proof of loss - ANSWER-(D. 25 days after receiving proof
of loss
9. In Illinois, which of the following is not an allowable reason for cancellation by
the insurer of a fire and extended coverage policy?
(A. Nonpayment of premium
(B. Two or more claims filed with a total loss amount over $10,000
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, ILLINOIS PUBLIC ADJUSTER EXAM
(C. The policy was obtained by fraud
(D. For any act which measurably increases the risk originally accepted - ANSWER-
(B. Two or more claims filed with a total loss amount over $10,000
10. If there is a covered fire or explosion loss that exceeds $25,000 to a structure
located in Illinois, what must the insurer obtain before paying the claim?
(A. A sworn statement of the insured that repairs will be completed with
reasonable speed
(B. A copy of the licenses of all contractors that enter the premises for repair work
(C. A certificate that evidences no delinguent property taxes or unpaid demolition
expenses
(D. Written appraisals from two or more licensed contractors to do repai -
ANSWER-(C. A certificate that evidences no delinguent property taxes or unpaid
demolition expenses
11. Which of the following does the Director not have the power or duty to do?
(A. Enact laws regarding insurance practices
(B. Enforce insurance laws that are in the Illinois legal code
(C. Adopt rules and regulations to enforce the insurance laws
(D. Examine every Illinois insurance licensee - ANSWER-A. Enact laws regarding
insurance practices
12. Who of the following represents the insured in a claim?
(A. An independent adjuster
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ILLINOIS PUBLIC ADJUSTER EXAM NEWEST 2025/2026 COMPLETE
130 QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS)
|ALREADY GRADED A+||BRAND NEW VERSION!!
1. If a public adiuster signs a contract with an insured within 5 business days of a
fire loss, how long does the insured have to void the contract?
(A. 3 days
(B. 5 days
(C. 10 days
(D. 30 days - ANSWER-(C. 10 days
2. How long must a public adjuster maintain records for the possible inspection
and examination by the Director?
(A. One year
(B. Two years
(C. Three years
(D. Seven years - ANSWER-(D. Seven years
3. If a Public Adjuster has possession of funds that are not to be paid to the Public
Adjuster, what place would be most appropriate for the Public Adiuster to deposit
the funds into?
(A. A savings account
(B. A separate escrow account
(C. A checking account
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, ILLINOIS PUBLIC ADJUSTER EXAM
(D. In a locked cabinet in the Public Adjuster's office - ANSWER-(B. A separate
escrow account
4. To whom may a public adjuster not give out any of the insured's information
without consent of the insured?
Rhea,
(A. The insurer which writes the policy
(B. A contractor which is developing an repair estimate
(C. The Internal Revenue Service
(D. The Department of Insurance - ANSWER-(B. A contractor which is developing
an repair estimate
5. In order to renew a public adjuster license, a licenseemust complete how many
hours of continuing education?
(A. 24 hours of approved continuing education every year
(B. 24 hours of approved continuing education every two years
(C. 24 hours of college-level or insurance-related classes every two years
(D. 24 hours of ethics education every two years - ANSWER-(B. 24 hours of
approved continuing education every two years
6. How is Actual Cash Value calculated according to Administrative Rule 919?
(A. Market value at the time of loss
(B. Replacement cost plus depreciation
(C. Replacement cost at the time of loss less depreciation
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, ILLINOIS PUBLIC ADJUSTER EXAM
(D. Cost at the time of purchase less depreciation - ANSWER-(C. Replacement cost
at the time of loss less depreciation
7. If the insured's full amount of appraised loss is upheld under the appraisal
clause of a fire and extended policy in Illinois, who pays the fees of the appraisers
and the umpire?
(A. Each side pays for its own appraiser, and the fees of the umpire si divided
equally
(B. Each side pays for its own appraiser, and the insurer pays the full cost of the
umpire
(C. The insured pays the fees of the appraisers and the umpire
(D. The insurer pays the fees of the appraisers and the umpire - ANSWER-(D. The
insurer pays the fees of the appraisers and the umpire
8. An insurer must notify the public adjuster if a homeowner's claim remains
undecided for how many d a s ?
(A. 10 days after the date of loss
(B. 10 days after receiving proof of loss
(C. 25 days after the date of loss
(D. 25 days after receiving proof of loss - ANSWER-(D. 25 days after receiving proof
of loss
9. In Illinois, which of the following is not an allowable reason for cancellation by
the insurer of a fire and extended coverage policy?
(A. Nonpayment of premium
(B. Two or more claims filed with a total loss amount over $10,000
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, ILLINOIS PUBLIC ADJUSTER EXAM
(C. The policy was obtained by fraud
(D. For any act which measurably increases the risk originally accepted - ANSWER-
(B. Two or more claims filed with a total loss amount over $10,000
10. If there is a covered fire or explosion loss that exceeds $25,000 to a structure
located in Illinois, what must the insurer obtain before paying the claim?
(A. A sworn statement of the insured that repairs will be completed with
reasonable speed
(B. A copy of the licenses of all contractors that enter the premises for repair work
(C. A certificate that evidences no delinguent property taxes or unpaid demolition
expenses
(D. Written appraisals from two or more licensed contractors to do repai -
ANSWER-(C. A certificate that evidences no delinguent property taxes or unpaid
demolition expenses
11. Which of the following does the Director not have the power or duty to do?
(A. Enact laws regarding insurance practices
(B. Enforce insurance laws that are in the Illinois legal code
(C. Adopt rules and regulations to enforce the insurance laws
(D. Examine every Illinois insurance licensee - ANSWER-A. Enact laws regarding
insurance practices
12. Who of the following represents the insured in a claim?
(A. An independent adjuster
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