12/6/25, 8:50 AM AdjusterPRO Final Exam Questions & Answers | 100% Verified solutions |Questions with Correct Answers 2025 latest update!! Flas…
AdjusterPRO Final Exam Questions & Answers |
100% Verified solutions |Questions with Correct
Answers 2025 latest update!!
Save
Terms in this set (107)
-+What is a reserve, in A pool of collected premiums that the insurer sets
insurance terms? aside to pay claims
When trying to renew her dog's license, Ellen has to
pay a penalty to the city for letting its rabies
vaccination lapse.
Ellen having to pay a fine is not an example of
indemnification. Indemnification means being
Which of these scenarios restored to the financial condition you were in before
is NOT an example of a loss. In three of these situations, someone
indemnification? experienced a loss and was then "made whole": Joe-
Bob's neighbor lost his TV, Alice lost her house, and
Hugh lost the use of his car. But in the case of Ellen's
dog, the city did not experience a loss; it simply
imposed a penalty to teach Ellen a lesson about
keeping up with her dog's shots.
https://quizlet.com/1118012477/adjusterpro-final-exam-questions-answers-100-verified-solutions-questions-with-correct-answers-2025-latest-update-f… 1/31
,12/6/25, 8:50 AM AdjusterPRO Final Exam Questions & Answers | 100% Verified solutions |Questions with Correct Answers 2025 latest update!! Flas…
Greg plays trombone in The principle of indemnity
his school band during
football games. During a
rally song in the stands
one day, Greg annoys one
of the opposing team's
fans, who grabs his $400
trombone and hurls it
down the bleachers,
completely destroying it.
Greg's insurance pays him
$400 to replace the
trombone, but then the
opposing team's coach
also offers to replace the
instrument, at whatever
the cost. So Greg orders a
new $3,200 trombone and
has the opposing team's
athletic department
absorb the cost. Which
principle has Greg
violated?
It relies on the utmost good faith of both the insured
Which of the following and the insurer
statements is true about
an insurance policy? An insurance policy relies on the utmost good faith of
both the insured and the insurer.
Which of the following The insured's duty after a loss
would you find in the
Conditions section of an
insurance policy?
https://quizlet.com/1118012477/adjusterpro-final-exam-questions-answers-100-verified-solutions-questions-with-correct-answers-2025-latest-update-f… 2/31
,12/6/25, 8:50 AM AdjusterPRO Final Exam Questions & Answers | 100% Verified solutions |Questions with Correct Answers 2025 latest update!! Flas…
In which section of an Conditions
insurance policy might
you find the following
statement? "Damage to
insured property must be
reported within 15 days of
the damaging
occurrence."
A captive insurance exists solely to provide insurance for its parent
company: company.
Cindy holds an insurance Sine Nomine Insurance is a mutual insurance
policy from Sine Nomine company.
Insurance. This is not a
publicly traded company,
and Cindy can participate
in the election of the
board, receiving dividends
if the company does well.
Sine Nomine Insurance
could be best described
as a:
When an insurer issues an risk.
insurance policy, the
actual item, person, or
organization that is being
insured is called the:
Which of the following is a A driver's tendency to text while driving
hazard?
Which of the following Dale just bought 30 shares of a hot new startup
situations does NOT company online.
involve an insurable risk?
https://quizlet.com/1118012477/adjusterpro-final-exam-questions-answers-100-verified-solutions-questions-with-correct-answers-2025-latest-update-f… 3/31
, 12/6/25, 8:50 AM AdjusterPRO Final Exam Questions & Answers | 100% Verified solutions |Questions with Correct Answers 2025 latest update!! Flas…
Which of the following Loss of money invested in the stock market
situations does NOT
involve an instance of
"pure risk?"
Which of the following is football stadium
an insurable risk?
Risk avoidance is a risk eliminates risk.
management technique
that:
Amy needs more floor risk reduction.
space in her antique
furniture store, so she
buys a storage building 3
miles away. She is worried
about keeping the
furniture in the storage
building safe, so she puts
in an alarm system and
smoke detectors. By
purchasing the alarm
system and smoke
detectors, Amy is
practicing:
https://quizlet.com/1118012477/adjusterpro-final-exam-questions-answers-100-verified-solutions-questions-with-correct-answers-2025-latest-update-f… 4/31
AdjusterPRO Final Exam Questions & Answers |
100% Verified solutions |Questions with Correct
Answers 2025 latest update!!
Save
Terms in this set (107)
-+What is a reserve, in A pool of collected premiums that the insurer sets
insurance terms? aside to pay claims
When trying to renew her dog's license, Ellen has to
pay a penalty to the city for letting its rabies
vaccination lapse.
Ellen having to pay a fine is not an example of
indemnification. Indemnification means being
Which of these scenarios restored to the financial condition you were in before
is NOT an example of a loss. In three of these situations, someone
indemnification? experienced a loss and was then "made whole": Joe-
Bob's neighbor lost his TV, Alice lost her house, and
Hugh lost the use of his car. But in the case of Ellen's
dog, the city did not experience a loss; it simply
imposed a penalty to teach Ellen a lesson about
keeping up with her dog's shots.
https://quizlet.com/1118012477/adjusterpro-final-exam-questions-answers-100-verified-solutions-questions-with-correct-answers-2025-latest-update-f… 1/31
,12/6/25, 8:50 AM AdjusterPRO Final Exam Questions & Answers | 100% Verified solutions |Questions with Correct Answers 2025 latest update!! Flas…
Greg plays trombone in The principle of indemnity
his school band during
football games. During a
rally song in the stands
one day, Greg annoys one
of the opposing team's
fans, who grabs his $400
trombone and hurls it
down the bleachers,
completely destroying it.
Greg's insurance pays him
$400 to replace the
trombone, but then the
opposing team's coach
also offers to replace the
instrument, at whatever
the cost. So Greg orders a
new $3,200 trombone and
has the opposing team's
athletic department
absorb the cost. Which
principle has Greg
violated?
It relies on the utmost good faith of both the insured
Which of the following and the insurer
statements is true about
an insurance policy? An insurance policy relies on the utmost good faith of
both the insured and the insurer.
Which of the following The insured's duty after a loss
would you find in the
Conditions section of an
insurance policy?
https://quizlet.com/1118012477/adjusterpro-final-exam-questions-answers-100-verified-solutions-questions-with-correct-answers-2025-latest-update-f… 2/31
,12/6/25, 8:50 AM AdjusterPRO Final Exam Questions & Answers | 100% Verified solutions |Questions with Correct Answers 2025 latest update!! Flas…
In which section of an Conditions
insurance policy might
you find the following
statement? "Damage to
insured property must be
reported within 15 days of
the damaging
occurrence."
A captive insurance exists solely to provide insurance for its parent
company: company.
Cindy holds an insurance Sine Nomine Insurance is a mutual insurance
policy from Sine Nomine company.
Insurance. This is not a
publicly traded company,
and Cindy can participate
in the election of the
board, receiving dividends
if the company does well.
Sine Nomine Insurance
could be best described
as a:
When an insurer issues an risk.
insurance policy, the
actual item, person, or
organization that is being
insured is called the:
Which of the following is a A driver's tendency to text while driving
hazard?
Which of the following Dale just bought 30 shares of a hot new startup
situations does NOT company online.
involve an insurable risk?
https://quizlet.com/1118012477/adjusterpro-final-exam-questions-answers-100-verified-solutions-questions-with-correct-answers-2025-latest-update-f… 3/31
, 12/6/25, 8:50 AM AdjusterPRO Final Exam Questions & Answers | 100% Verified solutions |Questions with Correct Answers 2025 latest update!! Flas…
Which of the following Loss of money invested in the stock market
situations does NOT
involve an instance of
"pure risk?"
Which of the following is football stadium
an insurable risk?
Risk avoidance is a risk eliminates risk.
management technique
that:
Amy needs more floor risk reduction.
space in her antique
furniture store, so she
buys a storage building 3
miles away. She is worried
about keeping the
furniture in the storage
building safe, so she puts
in an alarm system and
smoke detectors. By
purchasing the alarm
system and smoke
detectors, Amy is
practicing:
https://quizlet.com/1118012477/adjusterpro-final-exam-questions-answers-100-verified-solutions-questions-with-correct-answers-2025-latest-update-f… 4/31
