Adjuster Pro Exam Review

A witness who has had a recorded interview:

The amount of Permanent partial impairment benefits that an injured employee might receive is based on:

An adjuster acts as an agent for the insurer. As such, it is essential that the adjuster understand:

Damage caused by electrical testing, hail, or combustion explosion is excluded in Equipment Breakdown coverage.

States that have legislation that require workers' comp coverage to be provided exclusively by the state program is:

An insurer may try to settle a claim using an application that was altered without the knowledge of the insured.

Which statement about the Catastrophic Risk Protection Endorsement is FALSE?

In order to receive an adjuster license, Indiana residents must meet all of the following requirements, EXCEPT:

Claims Made Policy /Policy Period is 3/15/05-3/15/06. Retroactive date 01-01-01. This will trigger the policy to respond

Fran hires a cleaning service to remove the spray-paint from her mother's headstone. Which coverage would help pay?

For a bodily injury liability claim, the adjuster must determine all of the following, EXCEPT:

The Indiana Automobile Insurance Plan is mandatory for:

Under the Business and Personal Property policy, if a $3200 personal laptop was destroyed, the policy would pay up to:

Emergency adjuster licenses in Indiana require a fee of __ and are valid for __ days

Bo supplements his pay with kickbacks from a body shop that he recommends claimants use after an accident. Bo is acting

What type of of additional coverage can help with the added expenses needed to rebuild a balcony to current standards?

Which of the following is NOT a form of insurance fraud?

A Crop-Hail policy would provide coverage for a crop destroyed by caterpillars despite the fact the use of insecticide.

In Ocean Marine insurance, the term of sale states that the seller of goods is responsible for damage during shipment:

PIP coverage would pay for the injuries to the driver you struck - true or false

Indiana resident adjusters must complete ____ hours of continuing education every ____ years.

In a Commercial General Liability policy, the basic extended reporting period is also known as a(n):

In a civil trial, the jury makes their decision based upon which of the following?

In an HO6 policy structural damage caused by termites will be covered

Which of the following best describes the adjuster's role in relation to the claimant?

Salvage misappropriation refers to an adjuster taking possession of salvaged property for his own use or benefit.

The penalty for failing to respond to an audit request is license suspension.

Which unfair claims settlement practice involves an adjuster making false statements about policy coverage?

When a health insurance provider in Indiana becomes insolvent, which entity will pay the company’s claims?

Coverage F covers someone who is not a resident of a home visiting and there is an injury. True or False

When would a farmer receive an indemnity payment under an Area Yield Protection policy?

The adjusters role is to collect the premiums from the claimant.

If a claimant has hired a lawyer to represent him, the adjuster should:

An adjuster does not sell insurance products.

Which of the following states takes a "monopolistic" approach to workers' compensation insurance?

APH is based on a farmer’s previous crop yields. A farmer must provide how many years of records to determine the APH

A "kickback" is any compensation given as a reward for favorable treatment in an insurance transaction or interaction.

Pro Rata - Policy A - $100,000 limit, Policy B $25,000. Damage = $75,000. how will the 2 policies respond?

A typical workers' compensation policy combines two basic forms of coverage. They are:

An independent adjuster should not acquire any interest in salvage, unless:

According to the workers' compensation policy conditions, the insurer has the right to:

Why might an insurer send a claimant a Reservation of Rights letter?

For Adjusters - Emergency licenses are valid for 90 days.

All of the following are types of Cargo Coverage in Ocean Marine insurance, EXCEPT:

Coverage C - Medical Payments in a CGL policy will ONLY cover claims IF:

What is the minimum age requirement for an Indiana insurance adjuster applicant?

Workers' compensation insurance can provide compensation for all of the following, EXCEPT:

In order for a statement to qualify as libel or slander, the statement must be made about a third party.

An insurance claim is essentially:

When the insured is statistically more likely to experience a loss, the insurer may charge a higher premium

WC benefits only the employer?- True or False

An Adjuster has __ to report the commisioner any criminal action taken against them.

Disability payments through workers' compensation insurance are primarily based on:

Which HO policy is the most basic, only paying actual cash value for all covered

Following a covered loss, which of these expenses would NOT be covered under Coverage F in a homeowners policy?

Federal Employers Liability Act is to provide federal government insurance for civilian employees.

When shelving falls on two customers at a store, which of of the following will tell the most a policy will pay to each?

Jim wants commercial property insurance that provides coverage on an open-peril basis. Which would best suit Jims needs?

This agent works for only one insurer, and supervises and trains other agents.

Workers' compensation premiums are based on all of the following EXCEPT:

This type of wall covering is comprised of a panel of gypsum plaster pressed between two thick sheets of paper.

"Twisting" means intentionally tricking a policyholder into lapsing her policy so that she can purchase a new one.

Which of these is NOT an essential detail for an adjuster to include in a loss report?

If a homeowners policy has a $200,000 limit of liability for Coverage A - How much of Cov would automatically apply to B

Indiana Assigned Risk Reinsurance Pool provides high risk workers' comp cov for employers who can't get it elsewhere

The Federal Law that regulates the collection, dissemination, and use of consumer information is the:

How much did his employer pay for his workers’ compensation insurance?

Residual market insurance programs are funded by:

Under a Homeowners policy, which items might be covered under Coverage B - Other Structures?

An insurer may require an insured to submit a formal proof of loss form & verification before moving on with the claim

Coverage C - Personal Property can apply to losses that occur:

Exaggerating or inflating a legitimate loss in order to increase the indemnification is called __________.

Loggers, roofers, and coal miners would fall into which of the following categories?

Which homeowners policy form is intended for renters?

An endorsed policy will always provide more coverage than an unendorsed policy.

Guaranty Associations are funded by:

Which of the following is NOT a rating factor for a personal auto liability policy?

Which type of benefits would an employee receive if they become totally incapacitated and are never able to work again?

"Defamation" means making false or derogatory statements about other insurers or their representatives.

Operations liability covers claims of BI and PD arising from an occurrence away from the insured premises.

In a commercial property policy, Coverage C of the Building and Personal Property Coverage Form provides coverage for:

In a BAP, which symbol applies to private passenger autos owned by the insured, Excluding trucks?

An insurer may charge higher premiums to elderly drivers.

Jo made $750 a week at her job. On 5/5/2017, she is injured & unable to work for 45 weeks. How much will her TTD pay

Denying a claim when the insured has violated a policy condition is an Unfair Claims Settlement Practice.