WV Adjuster (2025) Actual Exam
Questions and Answers A+ Graded
$$ .Binders .are .good .up .to .how .many .days? .- .CORRECT .ANSWER .-90
$$ .An .adjuster .has .____ .working .days .to .pay .the .insured .once .the .settlement
.offer .is .accepted?? .- .CORRECT .ANSWER .-15
$$ .How .many .days .do .you .have .to .investigate .a .claim? .- .CORRECT .ANSWER .-
15
$$ .How .many .days .are .provided .to .mail .in .a .proof .of .loss .form? .- .CORRECT
.ANSWER .-60
$$ .You .have .____ .days .to .inspect .damaged .property. .- .CORRECT .ANSWER .-7
$$ .What .is .the .maximum .prison .time .penalty .for .insurance .fraud? .- .CORRECT
.ANSWER .-Up .to .10 .years
Embezzlement .by .an .agent .can .incur .a .penalty .from .____ .-- .____ .years .(if .it
.harms .the .insurer .badly .enough). .- .CORRECT .ANSWER .-10-15 .years
$$ .The .Commissioner .has .____ .hours .to .act .upon .the .application .for .the
.Emergency .Adjuster .License .once .it's .received? .- .CORRECT .ANSWER .-24
$$ .Once .issued .the .emergency .license .is .valid .for .no .more .than .how .many
.days? .- .CORRECT .ANSWER .-120
$$ .What .is .the .Adjuster .application .fee? .- .CORRECT .ANSWER .-$25
$$ .An .adjuster .must .notify .the .Commissioner .within .____ .days .of .a .change .of
.address? .- .CORRECT .ANSWER .-30
$$ .If .a .nonresident .adjuster .applies .within .____ .days .of .establishing .legal
.residency .in .this .state, .he/she .becomes .a .resident .adjuster. .- .CORRECT
.ANSWER .-90
$$ .An .adjuster .has .how .many .days .to .report .to .the .Commissioner .any
.administrative .action .taken .against .him/her .in .another .jurisdiction .or .by
.another .governmental .agency? .- .CORRECT .ANSWER .-30
,$$ .In .circumstances .of .revocation, .suspension, .and .penalty, .when .the
.Commissioner .denies .an .application, .an .adjuster .has .____ .total .days .to .ask .for
.a .hearing .in .order .to .appeal. .- .CORRECT .ANSWER .-10
$$ .In .cases .of .revocation, .suspension .and .penalty, .an .adjuster .can .possibly
.pay .up .to .what .dollar .amount .for .a .fine? .And .in .how .many .days .must .the .fine
.be .paid .before .the .license .is .revoked .or .suspended? .- .CORRECT .ANSWER .-
$1,000 .- .
.30 .Days
$$ .Claims .denials .are .required .within .how .many .calendar .days .from .filing? .-
.CORRECT .ANSWER .-15
$$ .If .an .extension .is .needed .to .investigate .a .claim .the .first .party .must .be
.notified .in .writing .within .____ .calendar .days .from .the .initial .notification .date
.and .every .____ .calendar .days .thereafter, .but .must .not .go .unsettled .and .unpaid
.for .more .than .____ .days .unless .determined .by .the .Insurance .Commissioner.
In .the .event .that .the .insurer .fails .to .pay .the .claim .in .full .within .90 .calendar
.days .from .the .claimant's .filing .of .the .proof .of .loss, .except .for .exemptions
.provided .above, .there .will .be .assessed .against .the .claim .and .assessed .as
.interest .on .such .at .the .then .current .prime .rate .plus .1%. .Any .penalty .paid .by .an
.insurer .pursuant .to .this .section .will .not .be .a .consideration .in .any .rate .filing
.made .by .such .insurer. .- .CORRECT .ANSWER .-15 .calendar .days
30 .calendar .days
90 .calendar .days
If .an .insurer .needs .more .time .to .investigate .the .claim, .it .must .notify .the .first
.party .claimant .in .writing .within .15 .calendar .days .from .the .date .of .the .initial
.notification .and .every .30 .calendar .days .thereafter; .but .in .no .instance .may .a
.claim .remain .unsettled .and .unpaid .for .more .than .90 .calendar .days .from .the
.first .party .claimant's .filing .of .the .proof .of .loss .unless: .- .CORRECT .ANSWER .-1.
.a .legitimate .dispute .as .to .coverage, .liability .or .claims .exist .or
2. .if .the .claimant .has .fraudulently .caused .or .contributed .to .the .loss.
$$ .Acknowledgment .of .Notices .of .claims .must .be .acknowledged
.within____working .days .unless .payment .is .made .sooner. .- .CORRECT .ANSWER
.-15
$$ .The .minimum .auto .liability .limits .are? .- .CORRECT .ANSWER .-25/50/25
$$ .Claims .files .must .be .kept .for .the .current .year, .plus .how .many .years? .-
.CORRECT .ANSWER .-5
$$ .All .licenses .of .adjusters .expire .at .midnight .on .what .specific .date? .-
.CORRECT .ANSWER .-Annually .on .May .31
$$ .Answer .of .inquiries .from .the .Insurance .Department .must .be .answered .within
.____ .working .days .of .receipt .of .inquiry. .- .CORRECT .ANSWER .-15
, $$ .Replies .to .other .pertinent .communications .must .be .made .within .____
.working .days .to .all .pertinent .from .claimant. .- .CORRECT .ANSWER .-15
$$ .Within .how .many .days .must .every .insurer .adopt .and .communicate .to .all .its
.claims .agent .written .standards .for .investigation .and .processing .of .claims? .-
.CORRECT .ANSWER .-90 .Days
$$ .Notice .of .applicable .time .limitations .must .be .given .how .many .days .to .first
.party .claimants .before .they .expire? .And .how .many .days .for .third .party
.claimants? .- .CORRECT .ANSWER .-30 .days, .60 .days
$$ .Claims .arising .within .____ .days .after .the .determination .of .insolvency, .but
.such .obligation .will .include .only .that .amount .of .each .covered .claim .which .is .in
.excess .of .$___ .and .no .more .than .$ .______ .. .- .CORRECT .ANSWER .-30 .days .- .
$100 .- .
$300,000
$$ .In .Mine .Subsidence .Insurance .loss .coverage .will .be .the .loss .in .excess .of
.2% .of .the .policy's .total .insured .value, .but .at .no .time .may .the .deductible .be
.less .than .$ ._____ .or .more .than .$500. .Total .insured .value .that .is .re-insured .by
.the .board .may .not .exceed .$75,000. .- .CORRECT .ANSWER .-$250
$$ .Mine .Subsidence .claim: .
All .claims .of .insured .must .be .paid .within .____ .days .after .proof .of .loss .is
.presented .to .an .insurer .unless .otherwise .agreed .by .the .insured .and .claimant
.for .mine .subsidence.
All .claims .must .be .paid .to .the .insurer .within .____ .days .after .proof .of .loss .is
.presented .to .an .the .State .for .mine .subsidence. .- .CORRECT .ANSWER .-120 .days
90 .days
$$ .Coverage .under .the .Joint .Underwriting .Association:
Coverage .for .any .one .residential .risk .will .not .exceed .$ ._____ .and .for .any .one
.commercial .risk .will .not .exceed .$ .______. .- .CORRECT .ANSWER .-$200,000/
.$500,000
$$ .Standard .Fire .Policy:
Any .loss .that .occurs .while .a .described .building .INTENDED .for .occupancy .is
.vacant .or .unoccupied .for .more .than .____ .days .is .NOT .covered. .- .CORRECT
.ANSWER .-60
$$ .Under .limits .of .recovery .if .the .insured .used .other .options .you .must .give .the
.insured .____ .days .notice .after .receiving .proof .of .loss. .- .CORRECT .ANSWER .-
30
$$ .Within .____ .days .an .adjuster .must .submit .a .signed .proof .of .loss .stating .the
.time .and .origin .of .loss, .the .interest .of .all .parties .in .the .property, .the .presence
Questions and Answers A+ Graded
$$ .Binders .are .good .up .to .how .many .days? .- .CORRECT .ANSWER .-90
$$ .An .adjuster .has .____ .working .days .to .pay .the .insured .once .the .settlement
.offer .is .accepted?? .- .CORRECT .ANSWER .-15
$$ .How .many .days .do .you .have .to .investigate .a .claim? .- .CORRECT .ANSWER .-
15
$$ .How .many .days .are .provided .to .mail .in .a .proof .of .loss .form? .- .CORRECT
.ANSWER .-60
$$ .You .have .____ .days .to .inspect .damaged .property. .- .CORRECT .ANSWER .-7
$$ .What .is .the .maximum .prison .time .penalty .for .insurance .fraud? .- .CORRECT
.ANSWER .-Up .to .10 .years
Embezzlement .by .an .agent .can .incur .a .penalty .from .____ .-- .____ .years .(if .it
.harms .the .insurer .badly .enough). .- .CORRECT .ANSWER .-10-15 .years
$$ .The .Commissioner .has .____ .hours .to .act .upon .the .application .for .the
.Emergency .Adjuster .License .once .it's .received? .- .CORRECT .ANSWER .-24
$$ .Once .issued .the .emergency .license .is .valid .for .no .more .than .how .many
.days? .- .CORRECT .ANSWER .-120
$$ .What .is .the .Adjuster .application .fee? .- .CORRECT .ANSWER .-$25
$$ .An .adjuster .must .notify .the .Commissioner .within .____ .days .of .a .change .of
.address? .- .CORRECT .ANSWER .-30
$$ .If .a .nonresident .adjuster .applies .within .____ .days .of .establishing .legal
.residency .in .this .state, .he/she .becomes .a .resident .adjuster. .- .CORRECT
.ANSWER .-90
$$ .An .adjuster .has .how .many .days .to .report .to .the .Commissioner .any
.administrative .action .taken .against .him/her .in .another .jurisdiction .or .by
.another .governmental .agency? .- .CORRECT .ANSWER .-30
,$$ .In .circumstances .of .revocation, .suspension, .and .penalty, .when .the
.Commissioner .denies .an .application, .an .adjuster .has .____ .total .days .to .ask .for
.a .hearing .in .order .to .appeal. .- .CORRECT .ANSWER .-10
$$ .In .cases .of .revocation, .suspension .and .penalty, .an .adjuster .can .possibly
.pay .up .to .what .dollar .amount .for .a .fine? .And .in .how .many .days .must .the .fine
.be .paid .before .the .license .is .revoked .or .suspended? .- .CORRECT .ANSWER .-
$1,000 .- .
.30 .Days
$$ .Claims .denials .are .required .within .how .many .calendar .days .from .filing? .-
.CORRECT .ANSWER .-15
$$ .If .an .extension .is .needed .to .investigate .a .claim .the .first .party .must .be
.notified .in .writing .within .____ .calendar .days .from .the .initial .notification .date
.and .every .____ .calendar .days .thereafter, .but .must .not .go .unsettled .and .unpaid
.for .more .than .____ .days .unless .determined .by .the .Insurance .Commissioner.
In .the .event .that .the .insurer .fails .to .pay .the .claim .in .full .within .90 .calendar
.days .from .the .claimant's .filing .of .the .proof .of .loss, .except .for .exemptions
.provided .above, .there .will .be .assessed .against .the .claim .and .assessed .as
.interest .on .such .at .the .then .current .prime .rate .plus .1%. .Any .penalty .paid .by .an
.insurer .pursuant .to .this .section .will .not .be .a .consideration .in .any .rate .filing
.made .by .such .insurer. .- .CORRECT .ANSWER .-15 .calendar .days
30 .calendar .days
90 .calendar .days
If .an .insurer .needs .more .time .to .investigate .the .claim, .it .must .notify .the .first
.party .claimant .in .writing .within .15 .calendar .days .from .the .date .of .the .initial
.notification .and .every .30 .calendar .days .thereafter; .but .in .no .instance .may .a
.claim .remain .unsettled .and .unpaid .for .more .than .90 .calendar .days .from .the
.first .party .claimant's .filing .of .the .proof .of .loss .unless: .- .CORRECT .ANSWER .-1.
.a .legitimate .dispute .as .to .coverage, .liability .or .claims .exist .or
2. .if .the .claimant .has .fraudulently .caused .or .contributed .to .the .loss.
$$ .Acknowledgment .of .Notices .of .claims .must .be .acknowledged
.within____working .days .unless .payment .is .made .sooner. .- .CORRECT .ANSWER
.-15
$$ .The .minimum .auto .liability .limits .are? .- .CORRECT .ANSWER .-25/50/25
$$ .Claims .files .must .be .kept .for .the .current .year, .plus .how .many .years? .-
.CORRECT .ANSWER .-5
$$ .All .licenses .of .adjusters .expire .at .midnight .on .what .specific .date? .-
.CORRECT .ANSWER .-Annually .on .May .31
$$ .Answer .of .inquiries .from .the .Insurance .Department .must .be .answered .within
.____ .working .days .of .receipt .of .inquiry. .- .CORRECT .ANSWER .-15
, $$ .Replies .to .other .pertinent .communications .must .be .made .within .____
.working .days .to .all .pertinent .from .claimant. .- .CORRECT .ANSWER .-15
$$ .Within .how .many .days .must .every .insurer .adopt .and .communicate .to .all .its
.claims .agent .written .standards .for .investigation .and .processing .of .claims? .-
.CORRECT .ANSWER .-90 .Days
$$ .Notice .of .applicable .time .limitations .must .be .given .how .many .days .to .first
.party .claimants .before .they .expire? .And .how .many .days .for .third .party
.claimants? .- .CORRECT .ANSWER .-30 .days, .60 .days
$$ .Claims .arising .within .____ .days .after .the .determination .of .insolvency, .but
.such .obligation .will .include .only .that .amount .of .each .covered .claim .which .is .in
.excess .of .$___ .and .no .more .than .$ .______ .. .- .CORRECT .ANSWER .-30 .days .- .
$100 .- .
$300,000
$$ .In .Mine .Subsidence .Insurance .loss .coverage .will .be .the .loss .in .excess .of
.2% .of .the .policy's .total .insured .value, .but .at .no .time .may .the .deductible .be
.less .than .$ ._____ .or .more .than .$500. .Total .insured .value .that .is .re-insured .by
.the .board .may .not .exceed .$75,000. .- .CORRECT .ANSWER .-$250
$$ .Mine .Subsidence .claim: .
All .claims .of .insured .must .be .paid .within .____ .days .after .proof .of .loss .is
.presented .to .an .insurer .unless .otherwise .agreed .by .the .insured .and .claimant
.for .mine .subsidence.
All .claims .must .be .paid .to .the .insurer .within .____ .days .after .proof .of .loss .is
.presented .to .an .the .State .for .mine .subsidence. .- .CORRECT .ANSWER .-120 .days
90 .days
$$ .Coverage .under .the .Joint .Underwriting .Association:
Coverage .for .any .one .residential .risk .will .not .exceed .$ ._____ .and .for .any .one
.commercial .risk .will .not .exceed .$ .______. .- .CORRECT .ANSWER .-$200,000/
.$500,000
$$ .Standard .Fire .Policy:
Any .loss .that .occurs .while .a .described .building .INTENDED .for .occupancy .is
.vacant .or .unoccupied .for .more .than .____ .days .is .NOT .covered. .- .CORRECT
.ANSWER .-60
$$ .Under .limits .of .recovery .if .the .insured .used .other .options .you .must .give .the
.insured .____ .days .notice .after .receiving .proof .of .loss. .- .CORRECT .ANSWER .-
30
$$ .Within .____ .days .an .adjuster .must .submit .a .signed .proof .of .loss .stating .the
.time .and .origin .of .loss, .the .interest .of .all .parties .in .the .property, .the .presence
