WV Adjuster Dates and Numbers Exam
2025 Questions and Answers
$$ Binders are good up to how many days? - ANSWER-90
$$ An adjuster has ____ working days to pay the insured once the settlement offer
is accepted?? - ANSWER-15
$$ How many days do you have to investigate a claim? - ANSWER-15
$$ How many days are provided to mail in a proof of loss form? - ANSWER-60
$$ You have ____ days to inspect damaged property. - ANSWER-7
$$ What is the maximum prison time penalty for insurance fraud? - ANSWER-Up
to 10 years
Embezzlement by an agent can incur a penalty from ____ -- ____ years (if it
harms the insurer badly enough). - ANSWER-10-15 years
$$ The Commissioner has ____ hours to act upon the application for the
Emergency Adjuster License once it's received? - ANSWER-24
$$ Once issued the emergency license is valid for no more than how many days? -
ANSWER-120
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,$$ What is the Adjuster application fee? - ANSWER-$25
$$ An adjuster must notify the Commissioner within ____ days of a change of
address? - ANSWER-30
$$ If a nonresident adjuster applies within ____ days of establishing legal residency
in this state, he/she becomes a resident adjuster. - ANSWER-90
$$ An adjuster has how many days to report to the Commissioner any
administrative action taken against him/her in another jurisdiction or by another
governmental agency? - ANSWER-30
$$ In circumstances of revocation, suspension, and penalty, when the
Commissioner denies an application, an adjuster has ____ total days to ask for a
hearing in order to appeal. - ANSWER-10
$$ In cases of revocation, suspension and penalty, an adjuster can possibly pay up
to what dollar amount for a fine? And in how many days must the fine be paid
before the license is revoked or suspended? - ANSWER-$1,000 -
30 Days
$$ Claims denials are required within how many calendar days from filing? -
ANSWER-15
$$ If an extension is needed to investigate a claim the first party must be notified in
writing within ____ calendar days from the initial notification date and every ____
COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 2
,calendar days thereafter, but must not go unsettled and unpaid for more than ____
days unless determined by the Insurance Commissioner.
In the event that the insurer fails to pay the claim in full within 90 calendar days
from the claimant's filing of the proof of loss, except for exemptions provided
above, there will be assessed against the claim and assessed as interest on such at
the then current prime rate plus 1%. Any penalty paid by an insurer pursuant to
this section will not be a consideration in any rate filing made by such insurer. -
ANSWER-15 calendar days
30 calendar days
90 calendar days
If an insurer needs more time to investigate the claim, it must notify the first party
claimant in writing within 15 calendar days from the date of the initial notification
and every 30 calendar days thereafter; but in no instance may a claim remain
unsettled and unpaid for more than 90 calendar days from the first party claimant's
filing of the proof of loss unless: - ANSWER-1. a legitimate dispute as to coverage,
liability or claims exist or
2. if the claimant has fraudulently caused or contributed to the loss.
$$ Acknowledgment of Notices of claims must be acknowledged
within____working days unless payment is made sooner. - ANSWER-15
COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 3
, $$ The minimum auto liability limits are? - ANSWER-25/50/25
$$ Claims files must be kept for the current year, plus how many years? -
ANSWER-5
$$ All licenses of adjusters expire at midnight on what specific date? - ANSWER-
Annually on May 31
$$ Answer of inquiries from the Insurance Department must be answered within
____ working days of receipt of inquiry. - ANSWER-15
$$ Replies to other pertinent communications must be made within ____ working
days to all pertinent from claimant. - ANSWER-15
$$ Within how many days must every insurer adopt and communicate to all its
claims agent written standards for investigation and processing of claims? -
ANSWER-90 Days
$$ Notice of applicable time limitations must be given how many days to first party
claimants before they expire? And how many days for third party claimants? -
ANSWER-30 days, 60 days
$$ Claims arising within ____ days after the determination of insolvency, but such
obligation will include only that amount of each covered claim which is in excess
of $___ and no more than $ ______ . - ANSWER-30 days -
$100 -
COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 4
2025 Questions and Answers
$$ Binders are good up to how many days? - ANSWER-90
$$ An adjuster has ____ working days to pay the insured once the settlement offer
is accepted?? - ANSWER-15
$$ How many days do you have to investigate a claim? - ANSWER-15
$$ How many days are provided to mail in a proof of loss form? - ANSWER-60
$$ You have ____ days to inspect damaged property. - ANSWER-7
$$ What is the maximum prison time penalty for insurance fraud? - ANSWER-Up
to 10 years
Embezzlement by an agent can incur a penalty from ____ -- ____ years (if it
harms the insurer badly enough). - ANSWER-10-15 years
$$ The Commissioner has ____ hours to act upon the application for the
Emergency Adjuster License once it's received? - ANSWER-24
$$ Once issued the emergency license is valid for no more than how many days? -
ANSWER-120
COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 1
,$$ What is the Adjuster application fee? - ANSWER-$25
$$ An adjuster must notify the Commissioner within ____ days of a change of
address? - ANSWER-30
$$ If a nonresident adjuster applies within ____ days of establishing legal residency
in this state, he/she becomes a resident adjuster. - ANSWER-90
$$ An adjuster has how many days to report to the Commissioner any
administrative action taken against him/her in another jurisdiction or by another
governmental agency? - ANSWER-30
$$ In circumstances of revocation, suspension, and penalty, when the
Commissioner denies an application, an adjuster has ____ total days to ask for a
hearing in order to appeal. - ANSWER-10
$$ In cases of revocation, suspension and penalty, an adjuster can possibly pay up
to what dollar amount for a fine? And in how many days must the fine be paid
before the license is revoked or suspended? - ANSWER-$1,000 -
30 Days
$$ Claims denials are required within how many calendar days from filing? -
ANSWER-15
$$ If an extension is needed to investigate a claim the first party must be notified in
writing within ____ calendar days from the initial notification date and every ____
COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 2
,calendar days thereafter, but must not go unsettled and unpaid for more than ____
days unless determined by the Insurance Commissioner.
In the event that the insurer fails to pay the claim in full within 90 calendar days
from the claimant's filing of the proof of loss, except for exemptions provided
above, there will be assessed against the claim and assessed as interest on such at
the then current prime rate plus 1%. Any penalty paid by an insurer pursuant to
this section will not be a consideration in any rate filing made by such insurer. -
ANSWER-15 calendar days
30 calendar days
90 calendar days
If an insurer needs more time to investigate the claim, it must notify the first party
claimant in writing within 15 calendar days from the date of the initial notification
and every 30 calendar days thereafter; but in no instance may a claim remain
unsettled and unpaid for more than 90 calendar days from the first party claimant's
filing of the proof of loss unless: - ANSWER-1. a legitimate dispute as to coverage,
liability or claims exist or
2. if the claimant has fraudulently caused or contributed to the loss.
$$ Acknowledgment of Notices of claims must be acknowledged
within____working days unless payment is made sooner. - ANSWER-15
COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 3
, $$ The minimum auto liability limits are? - ANSWER-25/50/25
$$ Claims files must be kept for the current year, plus how many years? -
ANSWER-5
$$ All licenses of adjusters expire at midnight on what specific date? - ANSWER-
Annually on May 31
$$ Answer of inquiries from the Insurance Department must be answered within
____ working days of receipt of inquiry. - ANSWER-15
$$ Replies to other pertinent communications must be made within ____ working
days to all pertinent from claimant. - ANSWER-15
$$ Within how many days must every insurer adopt and communicate to all its
claims agent written standards for investigation and processing of claims? -
ANSWER-90 Days
$$ Notice of applicable time limitations must be given how many days to first party
claimants before they expire? And how many days for third party claimants? -
ANSWER-30 days, 60 days
$$ Claims arising within ____ days after the determination of insolvency, but such
obligation will include only that amount of each covered claim which is in excess
of $___ and no more than $ ______ . - ANSWER-30 days -
$100 -
COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 4
