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 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
$$ What is the Adjuster application fee? - ANSWER-$25.00
COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 1
,$$ 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-$1000, 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 ____
calendar days thereafter, but must not go unsettled and unpaid for more than ____
days unless determined by the Insurance Commissioner? - ANSWER-15 calendar
days
COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 2
,30 calendar days
90 calendar days
$$ Acknowledgment of Notices of claims must be acknowledged
within____working days unless payment is made sooner. - ANSWER-15
$$ 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
COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 3
, $$ Claims arising within ____ days after the determination of insolvency, but such
obligation will include only that amount of each covered claim which is in excess
of $100 and no more than $ ______ . - ANSWER-30 days, $300,000
$$ In Mine Subsidence Insurance loss coverage will be the loss in excess of 2% of
the policy's total insured value, but at no time may the deductible be less than $
_____ or more than $500. Total insured value that is re-insured by the board may
not exceed $75,000. - ANSWER-$250.00
$$ All claims of insured must be paid within ____ days after proof of loss is
presented to an insurer unless otherwise agreed by the insured and claimant for
mine subsidence. - ANSWER-120 days
$$ Coverage for any one residential risk will not exceed $ _____ and for any one
commercial risk will not exceed $ ______. - ANSWER-$200,000/ $500,000
$$ Any loss that occurs while a described building INTENDED for occupancy is
vacant or unoccupied for more than ____ days is NOT covered. - ANSWER-60
$$ Under limits of recovery if the insured used other options you must give the
insured ____ days notice after receiving proof of loss. - ANSWER-30
$$ Within ____ days an adjuster must submit a signed proof of loss stating the
time and origin of loss, the interest of all parties in the property, the presence of
other insurance, the values of each item, and other information which the policy
requires. - ANSWER-60
COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 4
2025 Questions and Answers
$$ 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
$$ What is the maximum penalty for insurance fraud? - ANSWER-Up to 10 years
Embezzlement by an agent can incur a penalty from ____ -- ____ years (if it
harms the insurer badly enough). - ANSWER-10-15 years
$$ The Commissioner has ____ hours to act upon the application for the
Emergency Adjuster License once it's received? - ANSWER-24
$$ Once issued the emergency license is valid for no more than how many days? -
ANSWER-120
$$ What is the Adjuster application fee? - ANSWER-$25.00
COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 1
,$$ An adjuster must notify the Commissioner within ____ days of a change of
address? - ANSWER-30
$$ 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
$$ In cases of revocation, suspension and penalty, an adjuster can possibly pay up
to what dollar amount for a fine? And in how many days must the fine be paid
before the license is revoked or suspended? - ANSWER-$1000, 30 Days
$$ Claims denials are required within how many calendar days from filing? -
ANSWER-15
$$ If an extension is needed to investigate a claim the first party must be notified in
writing within ____ calendar days from the initial notification date and every ____
calendar days thereafter, but must not go unsettled and unpaid for more than ____
days unless determined by the Insurance Commissioner? - ANSWER-15 calendar
days
COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 2
,30 calendar days
90 calendar days
$$ Acknowledgment of Notices of claims must be acknowledged
within____working days unless payment is made sooner. - ANSWER-15
$$ The minimum auto liability limits are? - ANSWER-25/50/25
$$ 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
$$ Notice of applicable time limitations must be given how many days to first party
claimants before they expire? And how many days for third party claimants? -
ANSWER-30 days, 60 days
COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 3
, $$ 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 $100 and no more than $ ______ . - ANSWER-30 days, $300,000
$$ In Mine Subsidence Insurance loss coverage will be the loss in excess of 2% of
the policy's total insured value, but at no time may the deductible be less than $
_____ or more than $500. Total insured value that is re-insured by the board may
not exceed $75,000. - ANSWER-$250.00
$$ All claims of insured must be paid within ____ days after proof of loss is
presented to an insurer unless otherwise agreed by the insured and claimant for
mine subsidence. - ANSWER-120 days
$$ Coverage for any one residential risk will not exceed $ _____ and for any one
commercial risk will not exceed $ ______. - ANSWER-$200,000/ $500,000
$$ Any loss that occurs while a described building INTENDED for occupancy is
vacant or unoccupied for more than ____ days is NOT covered. - ANSWER-60
$$ Under limits of recovery if the insured used other options you must give the
insured ____ days notice after receiving proof of loss. - ANSWER-30
$$ Within ____ days an adjuster must submit a signed proof of loss stating the
time and origin of loss, the interest of all parties in the property, the presence of
other insurance, the values of each item, and other information which the policy
requires. - ANSWER-60
COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 4
