Claims Adjuster Exam Questions and
Answers Graded A+
collision - Correct answer-Physical damage to car from collision with another
object
Comprehensive - Correct answer-Broken glass, theft, fire, flood, vandalism,
anything other than named insured hitting
Pro-Rata - Correct answer-Should the insurance company cancel the policy on the
name insured the unearned premiums will be returned
Rebating - Correct answer-Giving policy owner, some part of the agents
commission which is illegal
Assignment - Correct answer-Transfer of policy to another person
Endorsement - Correct answer-A form attached to policy, bearing the language
necessary to change the terms of policy to fit special circumstances
Discounts on auto premiums - Correct answer-Minimum 10%
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,Proof of insurance - Correct answer-Auto insurance, post a bond, or cash or
security deposit
commercial general liability - Correct answer-12 month policy
New contract every year
Protect companies assets only
Doesn't cover pollution or
Third-party contract will cover body injury and property damage
Two CGL forms - Correct answer-Occurrence-whenever injury occurs policy that
is enforce at present time will be liable for small companies
Claims made -whenever claim is made the policy that was enforce at that time will
be liable. The payout is more, no stacking allowed, large companies use.
Inland Marine - Correct answer-Insure all types of transportation and
communication instruments
Ocean Marine - Correct answer-Covers property traveling across the ocean
Perils of sea - Correct answer-Property damage is covered only if it is a sea related
peril
General average - Correct answer-Captain and owner share in the loss
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, Particular average - Correct answer-Non-non-shared loss Cargo owner only has the
loss
WC shaver - Correct answer-Extended coverage
Windstorms, civil commotions, smoke damage, hail, aircraft, vehicle crashes into
home explosion, no steam, covered, riots of three or more folks
Elements of a contract - Correct answer-Agreement-applicant makes offer with
application and money
Consideration -both parties must give something of value
Competent parties -
Legal purpose -
*Signature not needed *
Umpire - Correct answer-Both insured and insure pay for
Estoppel - Correct answer-Ensure gives up a right unknowingly and tries to reinsert
that right at a later date only applies after policy is issued
Aleatory - Correct answer-One party gets more out of the contract than the other
Adhesion - Correct answer-Nonnegotiable contract
Unilateral - Correct answer-One party gives a promise, the other party acts
©COPYRIGHT 2025, ALL RIGHTS RESERVED 3
Answers Graded A+
collision - Correct answer-Physical damage to car from collision with another
object
Comprehensive - Correct answer-Broken glass, theft, fire, flood, vandalism,
anything other than named insured hitting
Pro-Rata - Correct answer-Should the insurance company cancel the policy on the
name insured the unearned premiums will be returned
Rebating - Correct answer-Giving policy owner, some part of the agents
commission which is illegal
Assignment - Correct answer-Transfer of policy to another person
Endorsement - Correct answer-A form attached to policy, bearing the language
necessary to change the terms of policy to fit special circumstances
Discounts on auto premiums - Correct answer-Minimum 10%
©COPYRIGHT 2025, ALL RIGHTS RESERVED 1
,Proof of insurance - Correct answer-Auto insurance, post a bond, or cash or
security deposit
commercial general liability - Correct answer-12 month policy
New contract every year
Protect companies assets only
Doesn't cover pollution or
Third-party contract will cover body injury and property damage
Two CGL forms - Correct answer-Occurrence-whenever injury occurs policy that
is enforce at present time will be liable for small companies
Claims made -whenever claim is made the policy that was enforce at that time will
be liable. The payout is more, no stacking allowed, large companies use.
Inland Marine - Correct answer-Insure all types of transportation and
communication instruments
Ocean Marine - Correct answer-Covers property traveling across the ocean
Perils of sea - Correct answer-Property damage is covered only if it is a sea related
peril
General average - Correct answer-Captain and owner share in the loss
©COPYRIGHT 2025, ALL RIGHTS RESERVED 2
, Particular average - Correct answer-Non-non-shared loss Cargo owner only has the
loss
WC shaver - Correct answer-Extended coverage
Windstorms, civil commotions, smoke damage, hail, aircraft, vehicle crashes into
home explosion, no steam, covered, riots of three or more folks
Elements of a contract - Correct answer-Agreement-applicant makes offer with
application and money
Consideration -both parties must give something of value
Competent parties -
Legal purpose -
*Signature not needed *
Umpire - Correct answer-Both insured and insure pay for
Estoppel - Correct answer-Ensure gives up a right unknowingly and tries to reinsert
that right at a later date only applies after policy is issued
Aleatory - Correct answer-One party gets more out of the contract than the other
Adhesion - Correct answer-Nonnegotiable contract
Unilateral - Correct answer-One party gives a promise, the other party acts
©COPYRIGHT 2025, ALL RIGHTS RESERVED 3
