WV ADJUSTER TEST EXAM 2025
QUESTIONS AND ANSWERS
What is the definition of a public adjuster? - ANS An adjuster who works for the insured
If an insurance company is fined (max $1000) by commissioner, how many days do they have to
pay or appeal the fine? - ANS 30 Days
Subrogation occurs when? - ANS The insurer steps into the position of the insured and may
collect from the responsible party for damages
What is the purpose of excess insurance? - ANS To provide additional liability coverage
above and beyond that which is provided by the primary policy
How is the value of personal property determined when using ACV? - ANS Replacement cost
less depreciation
How long does an insurance company have to furnish the insurance commissioner with a
complete written response to an inquiry other than a notice of 3rd party administrative
complaints? - ANS 15 days
Which of the following options correctly states the effect of WVs modified comparative
1
negligence law in a situation in which each is equally liable (each party of 50% liable) -
Page
ANS Neither party collects from the other
@COPYRIGHT SIRJOEL 2025/2026
, Driver B loses control of his vehicle and strikes Driver A. Under what theory does Driver A
collect damages from Driver B? - ANS Legal Liability
There are 3 home owners policies in effect, which all apply to a single loss. The policies provide
the following amounts of coverage.
Company A 50,000
Company B 40,000
Company C 10,000
The insured suffered a $10,000 loss to his home. What amount will Company C pay? -
ANS $1,000
How long does an insurance company have to give a 3rd party claimant, who is not an attorney,
nor represented by an attorney, written notice that the claimants rights may be affected by a
statue of limitations or a policy or contract time limit? - ANS 60 Days
An insured has his vehicle stolen. When recovered there was $2,000 damage, due to collision
and $450 in stolen hubcaps. There is a $200 collision deductible and a $100 comprehensive
deductible. What is the maximum amount the insured will pay? - ANS Add up all the
damages and then subtract the comprehensive deductible.
What is the purpose of WVs guaranty association? - ANS To pay claims when the insurer has
become insolvent
In a homeowners policy, what coverages are included in Section 1 & 2? - ANS Dwelling &
Personal Property, and BI Liability & Medical Payments
What is the purpose of WVs Essential Insurance Act "Fair Plan"? - ANS To provide
homeowners and business owners, who would not otherwise be able to get insurance from the
normal insurance marketplace, the ability to obtain insurance
2
Page
@COPYRIGHT SIRJOEL 2025/2026
QUESTIONS AND ANSWERS
What is the definition of a public adjuster? - ANS An adjuster who works for the insured
If an insurance company is fined (max $1000) by commissioner, how many days do they have to
pay or appeal the fine? - ANS 30 Days
Subrogation occurs when? - ANS The insurer steps into the position of the insured and may
collect from the responsible party for damages
What is the purpose of excess insurance? - ANS To provide additional liability coverage
above and beyond that which is provided by the primary policy
How is the value of personal property determined when using ACV? - ANS Replacement cost
less depreciation
How long does an insurance company have to furnish the insurance commissioner with a
complete written response to an inquiry other than a notice of 3rd party administrative
complaints? - ANS 15 days
Which of the following options correctly states the effect of WVs modified comparative
1
negligence law in a situation in which each is equally liable (each party of 50% liable) -
Page
ANS Neither party collects from the other
@COPYRIGHT SIRJOEL 2025/2026
, Driver B loses control of his vehicle and strikes Driver A. Under what theory does Driver A
collect damages from Driver B? - ANS Legal Liability
There are 3 home owners policies in effect, which all apply to a single loss. The policies provide
the following amounts of coverage.
Company A 50,000
Company B 40,000
Company C 10,000
The insured suffered a $10,000 loss to his home. What amount will Company C pay? -
ANS $1,000
How long does an insurance company have to give a 3rd party claimant, who is not an attorney,
nor represented by an attorney, written notice that the claimants rights may be affected by a
statue of limitations or a policy or contract time limit? - ANS 60 Days
An insured has his vehicle stolen. When recovered there was $2,000 damage, due to collision
and $450 in stolen hubcaps. There is a $200 collision deductible and a $100 comprehensive
deductible. What is the maximum amount the insured will pay? - ANS Add up all the
damages and then subtract the comprehensive deductible.
What is the purpose of WVs guaranty association? - ANS To pay claims when the insurer has
become insolvent
In a homeowners policy, what coverages are included in Section 1 & 2? - ANS Dwelling &
Personal Property, and BI Liability & Medical Payments
What is the purpose of WVs Essential Insurance Act "Fair Plan"? - ANS To provide
homeowners and business owners, who would not otherwise be able to get insurance from the
normal insurance marketplace, the ability to obtain insurance
2
Page
@COPYRIGHT SIRJOEL 2025/2026
