NJ Public Adjustment review Exam 2025/2026 Actual Complete
Real Exam Questions & Correct Answers | 100% Verified
solutions | Graded A+ / 2025 Latest Exam Version!!
Who must a Public Adjuster notify (in NJ) if he is
indicted for a crime? -
ANSWER-The Commissioner of
Insurance
Who to notify and what to do if you lose your bond
(surety)? - ANSWER-The
Dept of Insurance and turn in your license
immediately.
Changes to Public Adjuster sublicensees must notify the
Commissioner of
Insurance in _______ days. - ANSWER-
20 days
These are not covered in a Business property policy. -
ANSWER-Structural
members
In the event of a catastrophic loss the the Insurance
Commissioner may issue
,licenses for ______ days? - ANSWER-
90 days
What cause of water damage is covered in a homeowner's
policy? - ANSWER-
Water from pipes and appliances NOT wind driven rain, floods
or subterranean
water.
Number of days a Commercial claim must be paid after
submission of proof of
loss? - ANSWER-30
days
Information provided by the insured in a proof of loss is
considered: - ANSWER-
A
representation
What is balloon construction framing? - ANSWER-Frame
walls that run the
entire vertical length from the floor
to the roof.
, Under a dwelling broad or special policy, what is the
maximum that would be
paid for "loss of use" if coverage A was $60,000? - ANSWER-
$12,000 (20%)
Under the "emergency program" the National Flood
Insurance Program will
insure a single family residence for up to: -
ANSWER-$35,000
Who are the three parties to the "appraisal clause"? -
ANSWER-The two
appraisers and the
umpire.
Under the Homeowners Policy, "theft" does not include: -
ANSWER-Theft of
building materials from a dwelling under
construction.
How is responsibility for specific property determined in cases
of condominium
ownership? - ANSWER-The adjuster must check the master
deed and by-laws
Real Exam Questions & Correct Answers | 100% Verified
solutions | Graded A+ / 2025 Latest Exam Version!!
Who must a Public Adjuster notify (in NJ) if he is
indicted for a crime? -
ANSWER-The Commissioner of
Insurance
Who to notify and what to do if you lose your bond
(surety)? - ANSWER-The
Dept of Insurance and turn in your license
immediately.
Changes to Public Adjuster sublicensees must notify the
Commissioner of
Insurance in _______ days. - ANSWER-
20 days
These are not covered in a Business property policy. -
ANSWER-Structural
members
In the event of a catastrophic loss the the Insurance
Commissioner may issue
,licenses for ______ days? - ANSWER-
90 days
What cause of water damage is covered in a homeowner's
policy? - ANSWER-
Water from pipes and appliances NOT wind driven rain, floods
or subterranean
water.
Number of days a Commercial claim must be paid after
submission of proof of
loss? - ANSWER-30
days
Information provided by the insured in a proof of loss is
considered: - ANSWER-
A
representation
What is balloon construction framing? - ANSWER-Frame
walls that run the
entire vertical length from the floor
to the roof.
, Under a dwelling broad or special policy, what is the
maximum that would be
paid for "loss of use" if coverage A was $60,000? - ANSWER-
$12,000 (20%)
Under the "emergency program" the National Flood
Insurance Program will
insure a single family residence for up to: -
ANSWER-$35,000
Who are the three parties to the "appraisal clause"? -
ANSWER-The two
appraisers and the
umpire.
Under the Homeowners Policy, "theft" does not include: -
ANSWER-Theft of
building materials from a dwelling under
construction.
How is responsibility for specific property determined in cases
of condominium
ownership? - ANSWER-The adjuster must check the master
deed and by-laws
