INSURANCE ADJUSTER EXAM AHA PALS EXAM NEWEST 2025 ACTUAL EXAM
TEST BANK WITH CORRECT ANSWERS
Which kind of losses are covered under a standard fire policy? - ANSWER-Direct
All fires are not covered by the Standard Fire policies, only those that: - ANSWER-are hostile and
have a flame or glow
At what time does a fire policy go into affect? - ANSWER-12:01am standard time at the location
of the insured's property
A property is insured under two Standard Fire policies for $25,000 each. A fire causes $10,000
worth of damage. What is the maximum amount the insured may collect under each policy? -
ANSWER-$5,000
A fire burning in the middle of the living room would be considered: - ANSWER-a hostile fire
An insured's house is damaged by fire caused by a neighbor's negligence. The insurance
company will attempt to recover damage from the neighbor. This is called: - ANSWER-
subrogation
Which of the following statements are true concerning requirements of the standard fire policy?
- ANSWER-The insured must separate damaged from undamaged property in the event there is
a loss AND If a loss occurs, the insured normally has 60 days to file a proof of loss with the
insurer
Which types of property are excluded from coverage under the basic fire policy? - ANSWER-
accounts, currency, deeds, and securities
,Who is insured under the Standard Fire policy? - ANSWER-the named insured and his legal
representatives
An agreement which affords temporary insurance protection until the policy is issued is called: -
ANSWER-a binder
as a general rule, a complete fire insurance policy would be made up of: - ANSWER-the
Standard Fire policy with one or more forms attached
The one condition listed below which will not void a fire policy:
a) false swearing
b) misrepresentation
c) over-insurance
d) concealment - ANSWER-over-insurance
replacement cost minus depreciation: - ANSWER-Actual Cash Value (ACV)
The Standard Fire policy with an extended coverage endorsement attached covers which of the
following: - ANSWER-riot
A loss due to order of Civil Authority: - ANSWER-is excluded unless the loss occurs because of an
order by Civil Authorities for the purpose of controlling a fire
The term "unoccupancy" refers to the absence of : - ANSWER-persons from a building
Suppose a fire occurs on February 26th. On April 30th, the insurance company notifies the
mortgagee the insured has not filed a proof of loss. To protect their interest, the mortgagee
, must file a proof of loss within _________ days after what date? - ANSWER-60 days after April
30th
For recovery under the Standard Fire policy, a party must: - ANSWER-be named in the policy and
show an insurable interest in the property at the time the loss occurs
What is the requirement on how much experience one must have to be elected the insurance
commissioner in Georgia? - ANSWER-None
Once elected, how long is the insurance commissioner's term? - ANSWER-4 years
Is there a limit on the number of terms an insurance commissioner can serve? - ANSWER-No
Who is Georgia's current insurance commissioner? - ANSWER-Ralph Hudgens
What two capacities does Georgia's insurance commissioner serve? - ANSWER-1. Chief Officer
of Insurance Dept.
2. Chief Fire Marshall
What happens if the Insurance Commissioner has to resign early? - ANSWER-No election; the
Chief Deputy will take over
What is the requirement to serve as Chief Deputy in Georgia? - ANSWER-must have a bond in
the amount of $15,000
If you are a domestic insurer in Georgia, how often does code say your financials must be
examined? - ANSWER-once every 5 years
TEST BANK WITH CORRECT ANSWERS
Which kind of losses are covered under a standard fire policy? - ANSWER-Direct
All fires are not covered by the Standard Fire policies, only those that: - ANSWER-are hostile and
have a flame or glow
At what time does a fire policy go into affect? - ANSWER-12:01am standard time at the location
of the insured's property
A property is insured under two Standard Fire policies for $25,000 each. A fire causes $10,000
worth of damage. What is the maximum amount the insured may collect under each policy? -
ANSWER-$5,000
A fire burning in the middle of the living room would be considered: - ANSWER-a hostile fire
An insured's house is damaged by fire caused by a neighbor's negligence. The insurance
company will attempt to recover damage from the neighbor. This is called: - ANSWER-
subrogation
Which of the following statements are true concerning requirements of the standard fire policy?
- ANSWER-The insured must separate damaged from undamaged property in the event there is
a loss AND If a loss occurs, the insured normally has 60 days to file a proof of loss with the
insurer
Which types of property are excluded from coverage under the basic fire policy? - ANSWER-
accounts, currency, deeds, and securities
,Who is insured under the Standard Fire policy? - ANSWER-the named insured and his legal
representatives
An agreement which affords temporary insurance protection until the policy is issued is called: -
ANSWER-a binder
as a general rule, a complete fire insurance policy would be made up of: - ANSWER-the
Standard Fire policy with one or more forms attached
The one condition listed below which will not void a fire policy:
a) false swearing
b) misrepresentation
c) over-insurance
d) concealment - ANSWER-over-insurance
replacement cost minus depreciation: - ANSWER-Actual Cash Value (ACV)
The Standard Fire policy with an extended coverage endorsement attached covers which of the
following: - ANSWER-riot
A loss due to order of Civil Authority: - ANSWER-is excluded unless the loss occurs because of an
order by Civil Authorities for the purpose of controlling a fire
The term "unoccupancy" refers to the absence of : - ANSWER-persons from a building
Suppose a fire occurs on February 26th. On April 30th, the insurance company notifies the
mortgagee the insured has not filed a proof of loss. To protect their interest, the mortgagee
, must file a proof of loss within _________ days after what date? - ANSWER-60 days after April
30th
For recovery under the Standard Fire policy, a party must: - ANSWER-be named in the policy and
show an insurable interest in the property at the time the loss occurs
What is the requirement on how much experience one must have to be elected the insurance
commissioner in Georgia? - ANSWER-None
Once elected, how long is the insurance commissioner's term? - ANSWER-4 years
Is there a limit on the number of terms an insurance commissioner can serve? - ANSWER-No
Who is Georgia's current insurance commissioner? - ANSWER-Ralph Hudgens
What two capacities does Georgia's insurance commissioner serve? - ANSWER-1. Chief Officer
of Insurance Dept.
2. Chief Fire Marshall
What happens if the Insurance Commissioner has to resign early? - ANSWER-No election; the
Chief Deputy will take over
What is the requirement to serve as Chief Deputy in Georgia? - ANSWER-must have a bond in
the amount of $15,000
If you are a domestic insurer in Georgia, how often does code say your financials must be
examined? - ANSWER-once every 5 years
