Page 1 of 36
INSURANCE EXAM OF
GEORGIA ADJUSTER PRACTICE EXAM
QUESTIONS WITH VERIFED SOLUTIONS
NEWLY MODIFIED TESTED AND
APPROVED!!!
The following symbol is available to an insured with vehicles subject to no-fault
coverage -- ANSWER--Symbol 5
A personal automobile policy MAY be cancelled by the insurer for the following
reason -- ANSWER--The insured's automobile is used to carry passengers for
hire
With respect to commercial auto policies, the Garage Coverage Form provides
liability protection for all the following except
The insured's business income losses due to personal injury
The insured's business premises
The insured's business products and work performed
, Page 2 of 36
The insured's business autos -- ANSWER--The insured's business income losses
due to personal injury
In the event of a loss covered by the policy, the named insured is required to
submit to the insurer a signed sworn proof of loss within -- ANSWER--A
specific time (usually 60 days, time may vary)
Physical damage coverage on customers' autos while in care, custody and
control of the garage operation. -- ANSWER--Garagekeepers Liability
Which of the following statements is true regarding physical damage coverage
in a garage form?
Collision coverage is provided only for dealers
Autos held for sale by a dealer are listed individually in the policy
No coverage is provided for autos stored for more than 45 days at a location not
shown in the declarations
, Page 3 of 36
Specific causes-of loss coverage is not available for physical damage coverage
** Collision coverage is not limited to a specific risk. Autos held for sale are
covered when auto designation Symbol 31 (dealer's autos) is shown on the
declaration page. The specific causes of loss coverage is available for physical
damage coverage -- ANSWER--No coverage is provided for autos stored for
more than 45 days at a location not shown in the declarations
In the Personal Auto Policy, owned trailers being owned by an insured auto are
automatically covered for -- ANSWER--Uninsured Motorist Coverage (BI/PD)
and UM under Part A of a Personal Auto Policy
An insured's business is damaged because of a fire and he is forced to close
business temporarily for repairs. As a result the insured lost income. What type
of loss is this? -- ANSWER--Consequential also known as Indirect Loss
The insured crashes into a porch and the person sitting on the porch. The person
on the porch is injured. The insured's insurance policy has a limit set at
$500,000. This amount applies to the total of damages for any bodily injury and
property damage resulting from one accident. Which type of limit of liability
does the insured have? This single dollar limit of liability applying to the total
of damages for bodily injury and property damage combined resulting from one
accident or occurrence -- ANSWER--Combined Single
, Page 4 of 36
If a liability policy had split limits of 100/300/100, what is the maximum
amount that would be payable in the event of injury to a single person? The first
limit shown is the most the policy will pay for bodily injury to any one person --
ANSWER--$100,000
What kind of liability would a person with a swimming pool have?
Any conduct that is inherently dangerous imposes this liability. The claimant
does not have to prove anythhing. -- ANSWER--Absolute
An agent license can be issued -- ANSWER--Only to individuals
If a policy has been in affect for at least 60 days or is due for renewal, a
cancellation may only be affected for this reason -- ANSWER--A change in the
risk that substantially increases the hazard insured against
An insurer that holds a Certificate of Authority in the state in which it transacts
business is considered to be -- ANSWER--Authorized Insurer
An insured must get advanced warning if the premiums will be increased by
more than
INSURANCE EXAM OF
GEORGIA ADJUSTER PRACTICE EXAM
QUESTIONS WITH VERIFED SOLUTIONS
NEWLY MODIFIED TESTED AND
APPROVED!!!
The following symbol is available to an insured with vehicles subject to no-fault
coverage -- ANSWER--Symbol 5
A personal automobile policy MAY be cancelled by the insurer for the following
reason -- ANSWER--The insured's automobile is used to carry passengers for
hire
With respect to commercial auto policies, the Garage Coverage Form provides
liability protection for all the following except
The insured's business income losses due to personal injury
The insured's business premises
The insured's business products and work performed
, Page 2 of 36
The insured's business autos -- ANSWER--The insured's business income losses
due to personal injury
In the event of a loss covered by the policy, the named insured is required to
submit to the insurer a signed sworn proof of loss within -- ANSWER--A
specific time (usually 60 days, time may vary)
Physical damage coverage on customers' autos while in care, custody and
control of the garage operation. -- ANSWER--Garagekeepers Liability
Which of the following statements is true regarding physical damage coverage
in a garage form?
Collision coverage is provided only for dealers
Autos held for sale by a dealer are listed individually in the policy
No coverage is provided for autos stored for more than 45 days at a location not
shown in the declarations
, Page 3 of 36
Specific causes-of loss coverage is not available for physical damage coverage
** Collision coverage is not limited to a specific risk. Autos held for sale are
covered when auto designation Symbol 31 (dealer's autos) is shown on the
declaration page. The specific causes of loss coverage is available for physical
damage coverage -- ANSWER--No coverage is provided for autos stored for
more than 45 days at a location not shown in the declarations
In the Personal Auto Policy, owned trailers being owned by an insured auto are
automatically covered for -- ANSWER--Uninsured Motorist Coverage (BI/PD)
and UM under Part A of a Personal Auto Policy
An insured's business is damaged because of a fire and he is forced to close
business temporarily for repairs. As a result the insured lost income. What type
of loss is this? -- ANSWER--Consequential also known as Indirect Loss
The insured crashes into a porch and the person sitting on the porch. The person
on the porch is injured. The insured's insurance policy has a limit set at
$500,000. This amount applies to the total of damages for any bodily injury and
property damage resulting from one accident. Which type of limit of liability
does the insured have? This single dollar limit of liability applying to the total
of damages for bodily injury and property damage combined resulting from one
accident or occurrence -- ANSWER--Combined Single
, Page 4 of 36
If a liability policy had split limits of 100/300/100, what is the maximum
amount that would be payable in the event of injury to a single person? The first
limit shown is the most the policy will pay for bodily injury to any one person --
ANSWER--$100,000
What kind of liability would a person with a swimming pool have?
Any conduct that is inherently dangerous imposes this liability. The claimant
does not have to prove anythhing. -- ANSWER--Absolute
An agent license can be issued -- ANSWER--Only to individuals
If a policy has been in affect for at least 60 days or is due for renewal, a
cancellation may only be affected for this reason -- ANSWER--A change in the
risk that substantially increases the hazard insured against
An insurer that holds a Certificate of Authority in the state in which it transacts
business is considered to be -- ANSWER--Authorized Insurer
An insured must get advanced warning if the premiums will be increased by
more than
