Georgia Adjuster Exam 2026 || Most Recent Exam 2026-2027
Actual Complete Real Exam Questions And Correct Answers
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The classification of risk of loss.
Pure risk is the probability of loss with no chance for gain.
Generally insurable. Speculative risks involve uncertainty as
whether the final outcome will be gain or loss. Generally
uninsurable. - ANSWER -Pure risk and Speculative risk
Which of the following policies does NOT contain an automatic
reinstatement provision? An aggregate limit is reduced by the
payment of claims. It is possible for an insured to run out of
coverage before the expiration of the policy. Aggregate limits
are restored on the anniversary date of the policy - ANSWER
General liability written with an aggregate limit
The property condition that precludes the insured from simply
turning over damaged property to the insurer and claiming a
total loss is called .
Until the insurer has determined that the loss is total, the
insured must protect the property from further loss. - ANSWER
-Abandonment
Which of the following property clauses allows the extension of
a major coverage, applying to specific losses not already
insured?
,The extensions of coverage clause allows the extension of a
major coverage to apply to specific type loss to property not
specifically insured. - ANSWER -The extensions of coverage
clause
The other insurance provision that limits the liability of the
insurer to a portion of
the loss no greater than the amount the insurer bears to all
the insurance
covering the property is called...to preserve the principle
of indemnity -
ANSWER -Pro rata
liability
What do individuals use to transfer their risk of loss to a larger
group? Transfer financial responsibility (risk)
The mechanism whereby an insured is protected against loss
by a specified future contingency or peril in return for the
present payment of premium. Because many other individuals
with the same or similar risk of loss are paying premiums,
funds are available to indemnify those who actually suffer that
loss. - ANSWER -Insurance
Elements of negligence - ANSWER -4 essential elements of
negligence: Duty,
Breach, Injury, and Unbroken chain. Libel is a type of
intentional tort.
,The forced entry into the premises of another person with
felonious intent -
ANSWER -
Burglary
Commonly applied in product liability cases. The business is
then liable for defective products, regardless of fault or
negligence
NOT TRUE STMT It is imposed on defendants engaged in
hazardous activities. - ANSWER -The concept of strict liability
For the purpose of insurance, risk is defined as the chance of
loss occurring, is the basic reason for buying insurance. -
ANSWER -The uncertainty or chance of loss.
Which method of loss valuation is contrary to the basic
concept of indemnity?
Which of the following property clauses allows the
extension of a major
coverage, applying to specific losses not already
insured? - ANSWER -
Replacement
cost
A type of policy that is used to provide a specific amount of
replacement cost for a given risk after it has been destroyed is
called a(n) - ANSWER -Valued policy
, The endorsement that provides coverage for losses
arising from sudden
collapse of earth arising from underground limestone created
by the reaction of
water on rock formations is a(n) - ANSWER -Sinkhole collapse
endorsement
The dwelling policy that insures a structure on an Actual Cash
Basis - ANSWER
-DP-
1
In dwelling policies, automatic increase in insurance is
An endorsement that may be added to a DP to increase the amt
of insurance by
an annual percentage to offset the affects of inflation. It
requires an additional premium - ANSWER -Coverage by
endorsement
Homeowner endorsement that covers liability exposures
arising from an incidental business conducted within a building
on the residence premises - ANSWER -Permitted incidental
occupancies
Which of the following other coverages is NOT included in the
basic form
dwelling policy. Breakage of glass is included in the DP-2 and
DP-3 only. - ANSWER -Breakage of glass
Actual Complete Real Exam Questions And Correct Answers
(Verified Answers) Already Graded A+ || Guaranteed Success!!
Newest Exam | Just Released!!
The classification of risk of loss.
Pure risk is the probability of loss with no chance for gain.
Generally insurable. Speculative risks involve uncertainty as
whether the final outcome will be gain or loss. Generally
uninsurable. - ANSWER -Pure risk and Speculative risk
Which of the following policies does NOT contain an automatic
reinstatement provision? An aggregate limit is reduced by the
payment of claims. It is possible for an insured to run out of
coverage before the expiration of the policy. Aggregate limits
are restored on the anniversary date of the policy - ANSWER
General liability written with an aggregate limit
The property condition that precludes the insured from simply
turning over damaged property to the insurer and claiming a
total loss is called .
Until the insurer has determined that the loss is total, the
insured must protect the property from further loss. - ANSWER
-Abandonment
Which of the following property clauses allows the extension of
a major coverage, applying to specific losses not already
insured?
,The extensions of coverage clause allows the extension of a
major coverage to apply to specific type loss to property not
specifically insured. - ANSWER -The extensions of coverage
clause
The other insurance provision that limits the liability of the
insurer to a portion of
the loss no greater than the amount the insurer bears to all
the insurance
covering the property is called...to preserve the principle
of indemnity -
ANSWER -Pro rata
liability
What do individuals use to transfer their risk of loss to a larger
group? Transfer financial responsibility (risk)
The mechanism whereby an insured is protected against loss
by a specified future contingency or peril in return for the
present payment of premium. Because many other individuals
with the same or similar risk of loss are paying premiums,
funds are available to indemnify those who actually suffer that
loss. - ANSWER -Insurance
Elements of negligence - ANSWER -4 essential elements of
negligence: Duty,
Breach, Injury, and Unbroken chain. Libel is a type of
intentional tort.
,The forced entry into the premises of another person with
felonious intent -
ANSWER -
Burglary
Commonly applied in product liability cases. The business is
then liable for defective products, regardless of fault or
negligence
NOT TRUE STMT It is imposed on defendants engaged in
hazardous activities. - ANSWER -The concept of strict liability
For the purpose of insurance, risk is defined as the chance of
loss occurring, is the basic reason for buying insurance. -
ANSWER -The uncertainty or chance of loss.
Which method of loss valuation is contrary to the basic
concept of indemnity?
Which of the following property clauses allows the
extension of a major
coverage, applying to specific losses not already
insured? - ANSWER -
Replacement
cost
A type of policy that is used to provide a specific amount of
replacement cost for a given risk after it has been destroyed is
called a(n) - ANSWER -Valued policy
, The endorsement that provides coverage for losses
arising from sudden
collapse of earth arising from underground limestone created
by the reaction of
water on rock formations is a(n) - ANSWER -Sinkhole collapse
endorsement
The dwelling policy that insures a structure on an Actual Cash
Basis - ANSWER
-DP-
1
In dwelling policies, automatic increase in insurance is
An endorsement that may be added to a DP to increase the amt
of insurance by
an annual percentage to offset the affects of inflation. It
requires an additional premium - ANSWER -Coverage by
endorsement
Homeowner endorsement that covers liability exposures
arising from an incidental business conducted within a building
on the residence premises - ANSWER -Permitted incidental
occupancies
Which of the following other coverages is NOT included in the
basic form
dwelling policy. Breakage of glass is included in the DP-2 and
DP-3 only. - ANSWER -Breakage of glass
