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Adjuster Pro
State Insurance Claims Adjuster-Pro Certification
Insurance Claims Adjuste-Pro Exam
Course Title and Number: Insurance Claims Adjuste-Pro Exam Exam Title: Board Exam Exam Date: Exam 2024- 2025 Instructor: [Insert Instructor’s Name] Student Name: [Insert Student’s Name] Student ID: [Insert Student ID]
Examination
180 minutes
Instructions:
- Read each question carefully.
- Answer all questions.
- Use the provided answer sheet to mark your responses.
- Ensure all answers are final before submitting the exam.
- Please answer each question below and click Submit when you have completed the Exam.
- This test has a time limit, The test will save and submit automatically when the time expires
- This is Exam which will assess your knowledge on the course Learning Resources.
Good Luck!
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Adjuster Pro: State Insurance Claims Adjuster Certification 2024- Oklahoma Adjuster Pro – Insurance Claims Adjuster Exam Review Questions and Answers | 100% Pass Guaranteed | Graded A+ | Read All Instructions Carefully and Answer All the Questions Correctly Good Luck: - Susan is a successful plastic surgeon and wants to purchase liability insurance. Her husband, a teacher, is part of a risk retention group and is quite happy with his insurance. Susan decides to apply to her husband's group, but her application is denied. Why is this? - =Answer>> Susan's business is not similar to her husbands Ninas home is located in a high crime neighborhood. One day, she comes home from work to find that her garage door had been vandalized and must be replaced. Nina's insurer pays her a $2,200 settlement for her claim. The insurer considers the settlement; - =Answer>> A loss Edna loses some of her property in a hailstorm. When an adjuster comes to investigate the loss, he gives an estimate that Edna thinks is far too low. As negotiations continue, neither Edna nor the adjuster will budge. Where in Edna's policy would you find the procedure to follow in this situation? - =Answer>> Conditions Easiest and least costly negotiation method - =Answer>> Adjuster/claimant negotiations Need Writing 🤔Help? We've Got You Covered! ✍️ 100% NO A I or Plagiarism Guaranteed🤔
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In a basic form dwelling policy there are three covered perils. Fire and lightning are two of them, what is the third?
- =Answer>> Internal explosion One night, sally sets fire to Jimmy's restaurant. Thankfully, jimmy has commercial property insurance, and it covers the damages to the restaurant. Which condition makes is possible for the insurance company to go after Sally to get back what they paid out to Jimmy? - =Answer>> Subrogation Typically included in a BOP - =Answer>> Coverage for slander and copyright Eddie has a personal articles floater with a $60,000 limit for jewelry. On a weekend trip to London, he buys a new diamond-studded flask for $20,000, but his luggage gets stolen on the way home, before he has had a chance to report the new item to his insurer. How much will Eddies PAF pay for the lost flask? - =Answer>> $10,000 (new property is automatically covered for 30 days at 25% of the coverage limit, up to $10,000) What is one of the qualifications to adjust residential claims for the NFIP? - =Answer>> 4 consecutive years of full-time property adjusting experience Copy machine in the back office - =Answer>> Covered under Coverage B of the Business Owners Policy Need Writing 🤔Help? We've Got You Covered! ✍️ 100% NO A I or Plagiarism Guaranteed🤔
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In a commercial property policy, debris removal is an additional coverage and usually pays up to: - =Answer>> 25% of the total claim for property damages Policyholders obligations regarding coverage can be found in: - =Answer>> Conditions Time Element insurance - =Answer>> True or false: imitation furs are excluded from coverage - =Answer>> False Joe is looking for information in his Standard Fire Policy, relating to his policy cancellation, assignment; and subrogation. In which section would he find this information? - =Answer>> Condtions Condominium form - =Answer>> HO- Outlines the special hazard areas and flood zones in a community - =Answer>> Flood insurance rate map When does an excess liability policy kick in? - =Answer>> When the base limit is exhausted After thirty years of operating his business, Phil is finally ready to retire. At the end of next month he will shut his doors and cancel his claims-made cgl. Assuming Phil does nothing else with his policy, it will: - =Answer>> Receive the basic extended tail coverage Need Writing 🤔Help? We've Got You Covered! ✍️ 100% NO A I or Plagiarism Guaranteed🤔
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Is NOT covered in the split limits liability section - =Answer>> The total for property damage to the insureds auto caused by the accident Graham has an auto liability policy with limits of 30/60/25. While heading to the grocery store Graham turns onto 2nd street and slams into a stopped vehicle. The driver of the car Jeremey is not hurt but Graham has totaled Jeremy's $30,99 SUV. How much, if any, of the damages will Graham have to pay out of pocket? - =Answer>> $5, Which commercial auto endorsement can provide liability, medical payments, physical damage, and UM/UIM coverages for a specific names individual who does not own his own car? - =Answer>> Drive Other Car Pays for physical damages to vehicle caused by rollover - =Answer>> Collision Coverage Under a personal auto policy, an insurer will cover medical payments for up to ______ from the date of the accident - =Answer>> 3 years Applies to covered injuries before any available Medical Payments Coverage - =Answer>> Personal Injury Protection Part D of the Personal Auto Policy does NOT cover: - =Answer>> Freezing Best suits a taxi company - =Answer>> Motor carrier policy Need Writing 🤔Help? We've Got You Covered! ✍️ 100% NO A I or Plagiarism Guaranteed🤔
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A policyholder who does not currently have comprehensive coverage, but would like to add it to a newly purchased vehicle, must notify the insurer within: - =Answer>> 4 days When Seth's old car is stolen from his apartments parking lot, he goes out and buys himself a new car. Three months later Seth decides he may as well report the stolen car to his insurer so he can get some money for it. What is the reason the insurer might deny the claim? - =Answer>> Seth didn't promptly report the stolen vehicle Which endorsement to the BaP would allow the ceo of a small company to include coverage for his personal car? - =Answer>> Individual Named Insured Which endorsement to the BAP would extend policy coverage to Jenny's employee Trisha, who drives her own car around the city to sell the company's hair products? - =Answer>> Employee as Additional Insured Rebecca has Collision coverage in per PAP. After a collision, the adjuster determines that Rebeccas car is totaled. How much is Rebecca likely to receive from her insurer, ignoring the deductible - =Answer>> The actual cash value of her vehicle According to the workers compensation policy conditions, the insurer has the right to: - =Answer>> Inspect the workplace at any time Need Writing 🤔Help? We've Got You Covered! ✍️ 100% NO A I or Plagiarism Guaranteed🤔
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to the Commissioner. At a minimum, these reports must contain all of the following except - =Answer>> Total number of claims submitted to ABC Insurance as a result of a declared catastrophe Not an acceptable reason for an insurer to cancel an insurance policy - =Answer>> A policy holder called asking for information about how to file a claim When might someone access a consumer report that contains negative information that is more than 10 years old? - =Answer>> A life insurance application with a face value of $150,000 or more Duties of the commissioner - =Answer>> Investigate anyone licensed to transact insurance business in Oklahoma. Conduct hearings. Maintain records related to the financial condition of insurers in the state. In order for Jerry, a convicted felon, to become an insurance adjuster in Oklahoma, he must; - =Answer>> Get the commissioners written consent Not a license lines of authority - =Answer>> Oklahoma Automobile Insurance Adjuster The commissioner has just received a complaint stating that an adjuster has violated insurance law. Which of the following actions may the commissioner take? - =Answer>> Commence an investigation of the adjusters actions Need Writing 🤔Help? We've Got You Covered! ✍️ 100% NO A I or Plagiarism Guaranteed🤔
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The commissioner MUST examine the financial condition and market conduct of all domestic insurers every: - =Answer>> 5 years Mark buys fright insurance for his cargo ships next voyage from San Francisco to Tokyo. Fright insurance will indemnify mark: - =Answer>> For the amount he charges to ship his cargo Which part of a homeowners policy provides coverage for the medical expenses of third parties who are injured on your property - =Answer>> Coverage F In the context of insurance adjusting, who is the principal? - =Answer>> The source of the adjusters authority When Nancy is pulling into her driveway, she accidentally hit the gas and plowed through her front wall. She tries to negotiate the claim with the adjuster, why is this not possible? - =Answer>> Coverage is not negotiable True or false: assuring a claimant a policy is covered without determining the cause of loss is considered improperly acting as a fiduciary agent? - =Answer>> True Tort Law - =Answer>> Civil disputes between parties Melindas home sustained $6,500 in damages when Jared ran into it with his truck. Melinda received $6,599 from her insurance company and Jared also paid her $5,000. Melinda Need Writing 🤔Help? We've Got You Covered! ✍️ 100% NO A I or Plagiarism Guaranteed🤔
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property coverage form - =Answer>> Lulus fine jewelry must shut down for a month to repair flood damage Need Writing 🤔Help? We've Got You Covered! ✍️ 100% NO A I or Plagiarism Guaranteed🤔
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