Adjuster Licensing Class
Adjuster Licensing Class Exam Questions
and Answers
Question 1
The amount the insured must pay in a loss before any payment is due is known as?
Correct Answer
Deductible
Question 2
What is a partial legal defense that reduces the amount of damages that a person can
recover based upon the amount that this person's own negligence contributed to the
loss
Correct Answer
Comparative Negligence
Question 3
What is a situation involving a person other than an insured?
Correct Answer
Third Party Loss
Question 4
The part of the insurance policy that details the rights and duties of the insured and
the insurance company in the policy?
Correct Answer
Conditions
Page 1 of 25
, Adjuster Licensing Class
Question 5
An event that results in an insured loss and damages?
Correct Answer
Occurrence
Question 6
What is the value of your property, based on the current cost to replace it minus
depreciation?
Correct Answer
Actual Cash Value
Question 7
Mary has a Homeowner's policy. Her Coverage A limit of liability is $250,000 and her
Coverage B limit of liability is $125,000. Her policy has a 2% deductible. What is her
deductible?
Correct Answer
$5,000
Question 8
What is the type of negotiation that is also sometimes called positional or hard-
bargaining negotiation?
Correct Answer
Distributive
Question 9
What is the responsibility to another for one's negligence?
Correct Answer
Liability
Page 2 of 25
, Adjuster Licensing Class
Question 10
What is the failure to use that degree of care which an ordinary person of reasonable
prudence would use under similar circumstances?
Correct Answer
Negligence
Question 11
What is the intentional misrepresentation of a material fact that may void a contract?
Correct Answer
Fraud
Question 12
What is the process when an insurer and an insured have a dispute regarding the
amount of the damage?
Correct Answer
Appraisal
Question 13
This type of Auto Coverage pays for your damages if you were involved in a hit and
run:
Correct Answer
Uninsured Motorist
Question 14
What is the cost associated with replacing property at current market prices?
Correct Answer
Replacement Cost
Page 3 of 25
Adjuster Licensing Class Exam Questions
and Answers
Question 1
The amount the insured must pay in a loss before any payment is due is known as?
Correct Answer
Deductible
Question 2
What is a partial legal defense that reduces the amount of damages that a person can
recover based upon the amount that this person's own negligence contributed to the
loss
Correct Answer
Comparative Negligence
Question 3
What is a situation involving a person other than an insured?
Correct Answer
Third Party Loss
Question 4
The part of the insurance policy that details the rights and duties of the insured and
the insurance company in the policy?
Correct Answer
Conditions
Page 1 of 25
, Adjuster Licensing Class
Question 5
An event that results in an insured loss and damages?
Correct Answer
Occurrence
Question 6
What is the value of your property, based on the current cost to replace it minus
depreciation?
Correct Answer
Actual Cash Value
Question 7
Mary has a Homeowner's policy. Her Coverage A limit of liability is $250,000 and her
Coverage B limit of liability is $125,000. Her policy has a 2% deductible. What is her
deductible?
Correct Answer
$5,000
Question 8
What is the type of negotiation that is also sometimes called positional or hard-
bargaining negotiation?
Correct Answer
Distributive
Question 9
What is the responsibility to another for one's negligence?
Correct Answer
Liability
Page 2 of 25
, Adjuster Licensing Class
Question 10
What is the failure to use that degree of care which an ordinary person of reasonable
prudence would use under similar circumstances?
Correct Answer
Negligence
Question 11
What is the intentional misrepresentation of a material fact that may void a contract?
Correct Answer
Fraud
Question 12
What is the process when an insurer and an insured have a dispute regarding the
amount of the damage?
Correct Answer
Appraisal
Question 13
This type of Auto Coverage pays for your damages if you were involved in a hit and
run:
Correct Answer
Uninsured Motorist
Question 14
What is the cost associated with replacing property at current market prices?
Correct Answer
Replacement Cost
Page 3 of 25
