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Wyoming Adjuster Licensing Exam Questions and
Correct Answers (Verified Answers) Plus Rationales
- What type of adjuster license is required in Wyoming? A. Only public adjusters B. Only staff adjusters C. Independent and public adjusters D. No adjuster license is required
Wyoming requires licensing for both independent and public
adjusters, ensuring they meet professional standards.
- Who issues adjuster licenses in Wyoming? A. Department of Labor B. State Legislature C. Wyoming Department of Insurance D. Department of Consumer Affairs
The Wyoming Department of Insurance regulates the licensing
and conduct of adjusters.
- How often must Wyoming adjusters renew their license? A. Every year B. Every 3 years
C. Every 2 years D. Every 5 years
Wyoming adjuster licenses are renewed biennially, ensuring
continued compliance.
- What is the minimum age to apply for a Wyoming adjuster license? A. 18 B. 21 A. 18 D. 25
Applicants must be at least 18 years old to apply, consistent with
most state standards.
- What exam must be passed to become a licensed adjuster in Wyoming? A. Property Law Exam B. Wyoming Adjuster Licensing Exam C. Ethics & Law Exam D. Financial Regulation Exam
Candidates must pass the Wyoming Adjuster Licensing Exam that
covers insurance laws and claim practices.
- Which of the following is a requirement for licensing in Wyoming? A. Bachelor’s degree B. Fingerprinting and background check C. Notary certification D. Legal assistant experience
A minimum of 3 ethics-related continuing education hours is
required per renewal cycle.
10.Can a Wyoming adjuster license be suspended? A. No, only revoked B. Yes, only for criminal convictions C. Yes, for violations of insurance law or ethics D. No, once issued it is permanent
Licenses may be suspended for unethical or unlawful behavior, per
state regulations.
11.Who is responsible for ensuring CE completion in Wyoming? A. CE provider B. Licensee C. Insurance Department D. Adjuster's employer
The licensee is responsible for tracking and completing all CE
requirements on time.
12.What happens if an adjuster fails to renew their license on time in Wyoming? A. License becomes permanent B. License lapses and must be reinstated C. License continues with a fine D. Automatic renewal occurs
Failure to renew results in license lapse, requiring reinstatement
with penalties.
13.What is the reinstatement grace period after expiration in Wyoming? A. 30 days B. 12 months C. 6 months D. 24 months
Wyoming allows up to 12 months to reinstate a license after
expiration with appropriate fees.
14.Are Wyoming adjusters required to designate a home state? A. No B. Only if non-resident C. Yes, if applying for reciprocal licensing D. Only for public adjusters
Designating a home state is necessary for non-residents seeking
reciprocal licensing.
15.Can a non-resident adjuster operate in Wyoming? A. No B. Yes, with a reciprocal license C. Only if sponsored D. Only under emergency status
Non-resident adjusters may be licensed in Wyoming if their home
state has reciprocity.
C. Completion certificates from CE providers D. Business license
Adjusters must retain and provide CE certificates upon audit or
request.
20.What is a public adjuster? A. One who works only for insurance companies B. One who represents the policyholder C. One who files taxes D. One who writes policy language
Public adjusters advocate for policyholders during claims
resolution.
21.How is the Wyoming adjuster license renewal submitted? A. In person at the Department B. Through mail only C. Online via NIPR D. Faxed to the Department
Wyoming utilizes the NIPR system for efficient online license
renewal processing.
22.What is the role of an independent adjuster in Wyoming? A. Advocate for insured parties B. Represent insurers in claim investigations C. Sell insurance policies
D. Underwrite insurance risk
Independent adjusters are contracted by insurers to evaluate and
handle claims.
23.Which of the following would disqualify a person from becoming an adjuster in Wyoming? A. No college degree B. Felony conviction involving dishonesty C. Prior license in another state D. No insurance background
Felony convictions, particularly those involving dishonesty, may
disqualify applicants.
24.What should an adjuster do if they move to a new address? A. Do nothing B. Wait until license renewal C. Notify the Department within required timeframe D. Update address with CE provider
Adjusters must notify the Wyoming Insurance Department of
address changes promptly to remain in compliance.
25.What is a catastrophe (CAT) adjuster license in Wyoming? A. Permanent license for disaster claims B. Temporary license issued during emergencies C. License for flood claims only D. License for fire investigators
Knowingly misrepresenting claim information is illegal and
considered an unfair practice.
29.What is the application fee for a Wyoming adjuster license? A. $ B. $ C. Varies, typically around $ D. No fee required
Fees may vary but generally range around $100, which must be
paid upon application.
30.How many days' notice must be given before a hearing for license suspension? A. 3 B. 10 C. 1 D. 30
The Department must give at least 10 days’ notice before a
disciplinary hearing.
31.What must an adjuster do if they receive a consumer complaint? A. Ignore it B. Contact law enforcement C. Respond promptly and document the resolution D. Wait for the insurer to act
Adjusters should address complaints professionally and document
their handling of the issue.
32.Who is a staff adjuster employed by? A. The policyholder B. The insurance company directly C. The Department of Insurance D. Independent adjusting firm
Staff adjusters work as direct employees of insurance companies.
33.How long must adjusters keep claim records in Wyoming? A. 1 year B. 3 years C. 5 years D. 10 years
Adjusters must retain claim files for a minimum of 5 years per
state regulation.
34.What is rebating in insurance claims? A. Providing extra claim payment B. Denying valid claims C. Offering inducements to gain business D. Filing false claims
Rebating involves giving something of value to induce insurance
business and is illegal.
C. Professionalism and fairness D. Strict denial stance
Adjusters are held to standards of fairness, honesty, and
professionalism.
39.Wyoming requires license applicants to be: A. U.S. citizens only B. Legally present in the U.S. C. Licensed lawyers D. Wyoming residents
Applicants must be legally present in the U.S., not necessarily
citizens or state residents.
40.Which method is used to apply for a Wyoming non-resident adjuster license? A. Manual form B. Department of Revenue C. NIPR online system D. FBI portal
Non-resident licenses are submitted via the National Insurance
Producer Registry (NIPR).
41.What happens if CE hours are falsified? A. The hours count B. License may be revoked C. Warning is issued D. Renewal is delayed
Falsifying CE compliance is grounds for disciplinary action,
including revocation.
42.During a claim, which party does an independent adjuster represent? A. The insured B. The insurer C. The government D. The attorney
Independent adjusters represent the insurer and must act
accordingly.
43.How does Wyoming verify background checks for adjusters? A. Phone interviews B. Tax history review C. Fingerprinting and national database D. Local police report
The Department uses fingerprint-based background checks to
ensure fitness to hold a license.
44.If an adjuster’s license is revoked, how long must they wait to reapply? A. 6 months B. Determined by the Insurance Commissioner C. Immediately D. 1 year
The waiting period is set by the Commissioner and depends on the
circumstances of revocation.
C. Investigate further personally D. Notify the media
Adjusters are obligated to report suspected fraud through
appropriate channels.
49.What is the maximum time allowed to respond to the Department’s inquiry? A. 60 days B. 15–30 days, depending on request C. No time limit D. After license renewal
Adjusters must respond to official inquiries within the timeframe
specified, typically within 15–30 days.
50.Who may file a complaint against a licensed adjuster in Wyoming? A. Only insurers B. Any consumer or party involved C. Only other adjusters D. Only employers
Any member of the public or industry can file a complaint
regarding an adjuster’s conduct.
51.When is a Wyoming adjuster required to disclose a conflict of interest? A. Never B. After closing the claim
C. As soon as it is identified D. Only if asked by the claimant
Immediate disclosure of any conflict of interest is required to
maintain transparency and ethical standards.
52.What is the purpose of requiring continuing education (CE) for adjusters? A. For recordkeeping B. For tax deductions C. To ensure ongoing competence and legal compliance D. To delay license expiration
CE helps maintain an adjuster’s knowledge of current laws, ethics,
and industry standards.
53.A Wyoming adjuster receives a claim from a family member. What should they do? A. Handle the claim carefully B. Accept it if under supervision C. Decline the claim due to conflict of interest D. Assign it to their supervisor
Adjusters must avoid claims involving relatives to prevent bias or
perceived conflicts.
54.When must an adjuster provide a claimant with a written explanation of claim denial? A. Only if the claimant asks B. Never C. Whenever a claim is denied
58.Who does the independent adjuster primarily owe duties to? A. The claimant B. The insurer C. The Department of Insurance D. The public
Independent adjusters represent the insurance company’s
interests.
59.Which is an example of unfair discrimination by an adjuster? A. Offering prompt service B. Paying claims differently based on race or religion C. Explaining claim denial D. Documenting the claim
Adjusters cannot treat claimants differently based on personal
characteristics.
60.What is the purpose of a claim reserve? A. Store claimant contact info B. Estimate future liability on a claim C. Penalize slow adjusters D. Measure adjuster productivity
Reserves reflect the estimated total payout, used for financial and
regulatory planning.
61.When should an adjuster close a claim file? A. When they want B. At the end of each month
C. When all payments and documentation are complete D. After first contact
Claims must be fully documented and resolved before closure.
62.What does indemnification mean in insurance terms? A. Penalizing the insured B. Doubling the claim C. Restoring the insured to their prior condition D. Paying legal fees
Indemnity ensures that the insured is compensated fairly without
profit or loss.
63.Which of the following is required when settling a claim? A. Verbal agreement B. Clear documentation of payment terms C. Handshake D. Verbal apology
All settlements must be documented to avoid disputes and ensure
legal compliance.
64.If a claimant submits fraudulent documents, what should the adjuster do? A. Discard the documents B. Report the suspected fraud immediately C. Ignore and process claim D. Call the claimant
