Claim Adjuster (2025) Actual Exam
Questions and Answers A+ Graded
Maybe .be .awarded .to .punish .the .defendant .- .CORRECT .ANSWER .-Punitive
.Damages
Intangible .such .as .pain .suffering .and .mental .anguish .- .CORRECT .ANSWER .-
General .Damages
Pays .for .medical .lost .wages .and .other .losses .that .sire .from .injury. .- .CORRECT
.ANSWER .-Special .Damages
The .plaintiff .is .the .party .bringing .the .claim, .has .to .provide .the .evidence. .-
.CORRECT .ANSWER .-Burden .of .proof
Third .person .responsible .for .negligence .acts .of .another .- .CORRECT .ANSWER .-
Imputed .or .Vacarious .Negligence
failure .to .exercise .the .degree .of .care .a .reasonable .person .would .use .to .protect
.other .from .risk. .- .CORRECT .ANSWER .-Negligence
Its .a .civil .wrong .arising .from .a .contract .for .which .money .damages .may .be .had
.- .CORRECT .ANSWER .-Tort
person .seeking .money .for .damages .or .other .legal .relief .- .CORRECT .ANSWER .-
Civil .Liability
That .the .Insure .should .not .profit .from .the .payment .made .for .loss. .Ex: .Cannot
.sue .yourself. .- .CORRECT .ANSWER .-Principles .of .Indemnity
Economic .loss .that .results .from .direct .loss. .
Ex: .While .out .of .business .due .to .direct .loss. .- .CORRECT .ANSWER .-Indirect
.Loss
Physical .harm .or .damage .to .tangible .property .- .CORRECT .ANSWER .-Direct
.Loss
Increases .the .loss .of .peril. .Ex: .broken .fire .alarm .- .CORRECT .ANSWER .-Hazard
Is .the .event .that .might .cause .loss. .Ex: .windstorm .and .earthquake. .- .CORRECT
.ANSWER .-Peril
,Defined .land .an .anything .permanently .to .the .land .- .CORRECT .ANSWER .-Real
.Property
Proportion .that .limits .bears .to .all .limits .that .apply .to .the .loss. .- .CORRECT
.ANSWER .-Pro .rata .policies
Pay .equal .pays .share .of .loss .but .will .not .pay .more .than .its .policy .limits .-
.CORRECT .ANSWER .-Equal .share .policies
Will .not .pay .until .all .other .policies .that .apply .are .exhausted .- .CORRECT
.ANSWER .-Excess .policy
Payment .by .the .insurance .company .is .made .to .the .insured .or .others .with .an
.interest .similar .to .the .insured .- .CORRECT .ANSWER .-Property .Insurance
Temporary .insurance .is .put .into .effect .through .- .CORRECT .ANSWER .-Binders
include .all .of .the .usual .terms, .conditions, .and .exclusions .contained .in .a .policy
.and .no .notice .of .cancellation .or .non-renewal .is .required .unless .the .binder .has
.a .term .oh .how .many .days? .- .CORRECT .ANSWER .-60 .days
How .many .days .to .cancel .a .binder? .- .CORRECT .ANSWER .-5 .days
Payment .will .be .made .to .the .third-party .or .damage .by .insured .- .CORRECT
.ANSWER .-Liability .Insurance
Evidence .offered .by .the .insured .to .support .the .claim .for .damages. .- .CORRECT
.ANSWER .-Proof .of .Loss
Duties .that .must .be .met .following .a .loss .- .CORRECT .ANSWER .-Conditional
.Contracts
4 .fundamental .parts .of .liability .and .Property .- .CORRECT .ANSWER .-1.
.Declaration
2. .Insuring .Agreement
3. .Exclusions
4. .Conditions
Elements .of .a .contract. .- .CORRECT .ANSWER .-1. .Agreement .between .the
.parties
2. .Parties .must .agree .to .the .terms
3. .Sufficient .consideration .or .value
4. .Parties .must .have .legal .capacity
5. .Contract .must .be .legal
1. .A .property .adjuster .receives .notice .of .a .homeowner's .claim .on .March .1,
.2015. .Notice .that .the .claim .is .covered, .denied .or .being .investigated .must .be
.provided .within:
a. .3 .days
, b. .10 .days
c. .14 .days
d. .30 .days .- .CORRECT .ANSWER .-D.30 .days
2. .An .insurer .gives .which .of .the .following .as .Consideration .for .an .insurance
.policy?
a. .The .Premium
b. .A .Binder
c. .A .Promise
d. .Settlement .- .CORRECT .ANSWER .-C. .A .promise
3. .Which .of .the .following .is .not .found .on .the .Declaration .page .of .a .policy?
a. .Policy .limits
b. .Coverage .period
c. .Information .on .the .insured
d. .Conditions .- .CORRECT .ANSWER .-D. .Conditions
4. .A .homeowner's .dog .bites .the .postman. .The .homeowner's .policy .that .pays
.damages .to .the .postal .worker .is .best .described .as .a:
a. .Liability .policy
b. .Property .policy
c. .Workers' .Compensation .policy
d. .Premises .and .Operations .policy .- .CORRECT .ANSWER .-A. .Liability .policy
5. .Your .insurance .company .wrote .an .auto .insurance .binder .for .an .owner .who
.said .that .he .did .not .have .any .prior .accidents. .Immediately .thereafter .it .was
.discovered .that .he .did .not .tell .the .truth. .The .company .now .wants .to .cancel .the
.binder .as .quickly .as .possible. .What .is .true?
a. .No .notice .required
b. .30 .days .notice .required
c. .10 .days .notice .required
d. .5 .days .notice .required .- .CORRECT .ANSWER .-D. .5 .days .notice .required
6. .For .insurance .to .pay .damages, .an .insurable .interest .must .exist:
a. .When .the .property .is .purchased
b. .When .the .claim .is .made
c. .When .the .loss .takes .place
d. .When .the .proof .of .loss .is .submitted .- .CORRECT .ANSWER .-C. .When .the .loss
.takes .place
7. .Speeding .while .driving .is .best .described .as .a:
a. .Peril
b. .Tort
c. .Hazard
d. .Peril, .hazard .and .tort .- .CORRECT .ANSWER .-C. .Hazard
8. .A .covered .loss .is .$60,000. .Policy .A .has .a .limit .of .$50,000. .Policy .B .has .a
.limit .of .$150,000. .Both .policies .are .pro-rata .policies. .How .much .will .policy .A
.pay .for .this .loss?
Questions and Answers A+ Graded
Maybe .be .awarded .to .punish .the .defendant .- .CORRECT .ANSWER .-Punitive
.Damages
Intangible .such .as .pain .suffering .and .mental .anguish .- .CORRECT .ANSWER .-
General .Damages
Pays .for .medical .lost .wages .and .other .losses .that .sire .from .injury. .- .CORRECT
.ANSWER .-Special .Damages
The .plaintiff .is .the .party .bringing .the .claim, .has .to .provide .the .evidence. .-
.CORRECT .ANSWER .-Burden .of .proof
Third .person .responsible .for .negligence .acts .of .another .- .CORRECT .ANSWER .-
Imputed .or .Vacarious .Negligence
failure .to .exercise .the .degree .of .care .a .reasonable .person .would .use .to .protect
.other .from .risk. .- .CORRECT .ANSWER .-Negligence
Its .a .civil .wrong .arising .from .a .contract .for .which .money .damages .may .be .had
.- .CORRECT .ANSWER .-Tort
person .seeking .money .for .damages .or .other .legal .relief .- .CORRECT .ANSWER .-
Civil .Liability
That .the .Insure .should .not .profit .from .the .payment .made .for .loss. .Ex: .Cannot
.sue .yourself. .- .CORRECT .ANSWER .-Principles .of .Indemnity
Economic .loss .that .results .from .direct .loss. .
Ex: .While .out .of .business .due .to .direct .loss. .- .CORRECT .ANSWER .-Indirect
.Loss
Physical .harm .or .damage .to .tangible .property .- .CORRECT .ANSWER .-Direct
.Loss
Increases .the .loss .of .peril. .Ex: .broken .fire .alarm .- .CORRECT .ANSWER .-Hazard
Is .the .event .that .might .cause .loss. .Ex: .windstorm .and .earthquake. .- .CORRECT
.ANSWER .-Peril
,Defined .land .an .anything .permanently .to .the .land .- .CORRECT .ANSWER .-Real
.Property
Proportion .that .limits .bears .to .all .limits .that .apply .to .the .loss. .- .CORRECT
.ANSWER .-Pro .rata .policies
Pay .equal .pays .share .of .loss .but .will .not .pay .more .than .its .policy .limits .-
.CORRECT .ANSWER .-Equal .share .policies
Will .not .pay .until .all .other .policies .that .apply .are .exhausted .- .CORRECT
.ANSWER .-Excess .policy
Payment .by .the .insurance .company .is .made .to .the .insured .or .others .with .an
.interest .similar .to .the .insured .- .CORRECT .ANSWER .-Property .Insurance
Temporary .insurance .is .put .into .effect .through .- .CORRECT .ANSWER .-Binders
include .all .of .the .usual .terms, .conditions, .and .exclusions .contained .in .a .policy
.and .no .notice .of .cancellation .or .non-renewal .is .required .unless .the .binder .has
.a .term .oh .how .many .days? .- .CORRECT .ANSWER .-60 .days
How .many .days .to .cancel .a .binder? .- .CORRECT .ANSWER .-5 .days
Payment .will .be .made .to .the .third-party .or .damage .by .insured .- .CORRECT
.ANSWER .-Liability .Insurance
Evidence .offered .by .the .insured .to .support .the .claim .for .damages. .- .CORRECT
.ANSWER .-Proof .of .Loss
Duties .that .must .be .met .following .a .loss .- .CORRECT .ANSWER .-Conditional
.Contracts
4 .fundamental .parts .of .liability .and .Property .- .CORRECT .ANSWER .-1.
.Declaration
2. .Insuring .Agreement
3. .Exclusions
4. .Conditions
Elements .of .a .contract. .- .CORRECT .ANSWER .-1. .Agreement .between .the
.parties
2. .Parties .must .agree .to .the .terms
3. .Sufficient .consideration .or .value
4. .Parties .must .have .legal .capacity
5. .Contract .must .be .legal
1. .A .property .adjuster .receives .notice .of .a .homeowner's .claim .on .March .1,
.2015. .Notice .that .the .claim .is .covered, .denied .or .being .investigated .must .be
.provided .within:
a. .3 .days
, b. .10 .days
c. .14 .days
d. .30 .days .- .CORRECT .ANSWER .-D.30 .days
2. .An .insurer .gives .which .of .the .following .as .Consideration .for .an .insurance
.policy?
a. .The .Premium
b. .A .Binder
c. .A .Promise
d. .Settlement .- .CORRECT .ANSWER .-C. .A .promise
3. .Which .of .the .following .is .not .found .on .the .Declaration .page .of .a .policy?
a. .Policy .limits
b. .Coverage .period
c. .Information .on .the .insured
d. .Conditions .- .CORRECT .ANSWER .-D. .Conditions
4. .A .homeowner's .dog .bites .the .postman. .The .homeowner's .policy .that .pays
.damages .to .the .postal .worker .is .best .described .as .a:
a. .Liability .policy
b. .Property .policy
c. .Workers' .Compensation .policy
d. .Premises .and .Operations .policy .- .CORRECT .ANSWER .-A. .Liability .policy
5. .Your .insurance .company .wrote .an .auto .insurance .binder .for .an .owner .who
.said .that .he .did .not .have .any .prior .accidents. .Immediately .thereafter .it .was
.discovered .that .he .did .not .tell .the .truth. .The .company .now .wants .to .cancel .the
.binder .as .quickly .as .possible. .What .is .true?
a. .No .notice .required
b. .30 .days .notice .required
c. .10 .days .notice .required
d. .5 .days .notice .required .- .CORRECT .ANSWER .-D. .5 .days .notice .required
6. .For .insurance .to .pay .damages, .an .insurable .interest .must .exist:
a. .When .the .property .is .purchased
b. .When .the .claim .is .made
c. .When .the .loss .takes .place
d. .When .the .proof .of .loss .is .submitted .- .CORRECT .ANSWER .-C. .When .the .loss
.takes .place
7. .Speeding .while .driving .is .best .described .as .a:
a. .Peril
b. .Tort
c. .Hazard
d. .Peril, .hazard .and .tort .- .CORRECT .ANSWER .-C. .Hazard
8. .A .covered .loss .is .$60,000. .Policy .A .has .a .limit .of .$50,000. .Policy .B .has .a
.limit .of .$150,000. .Both .policies .are .pro-rata .policies. .How .much .will .policy .A
.pay .for .this .loss?
