MAINE PROPERTY &CASUALTY ADJUSTER EXAM PREP QUESTIONS WITH COMPLETE SOLUTIONS 2024
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MAINE PROPERTY &CASUALTY ADJUSTER
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MAINE PROPERTY &CASUALTY ADJUSTER
MAINE PROPERTY &CASUALTY ADJUSTER EXAM PREP QUESTIONS WITH COMPLETE SOLUTIONS 2024
What is the interest rate for claims not paid and over 30 days?
1 ½ % per month
A CEO is piloting a rented aircraft and injures someone. What kind of coverage is this
covered under?
Non-owned aircraft cover...
MAINE PROPERTY &CASUALTY ADJUSTER EXAM PREP
QUESTIONS WITH COMPLETE SOLUTIONS 2024
What is the interest rate for claims not paid and over 30 days?
1 ½ % per month
A CEO is piloting a rented aircraft and injures someone. What kind of coverage is
this
covered under?
Non-owned aircraft coverage
How are wages computed for workers compensation?
2/3 of average after take weekly wages
A company sells costume jewelry ranging in price from $1.00 to $5.00 and has
had $10,000.00 in jewelry stolen. Assuming there is no deductible and the
coinsurance clause has been met, what would they be covered for?
$10,000
A vendor ships goods to the buyer to Syracuse, NY, who should carry the
insurance?
Common Carrier coverage applies
A personal vehicle is transferred on a boat from Portland, ME to Nova Scotia, the
boat collides with another boat and sinks? If the insured has a personal auto
policy, what would this be covered under?
Other than Collision coverage
Under Workers Compensation Law, immediate interest does not need to be paid
on what?
Provisional Order
What is the regular waiting period for workers compensation in Maine (not the
firefighter waiting period)?
7 days
What is not considered a fringe benefit in workers compensation?
,Uniforms
Who does garage keeper's liability cover?
auto repair shops, service stations, valets, parking lots, garages
What is considered a "family member" under insurance?
blood relatives, by marriage, by adoption including wards and foster children
Who is considered an "employee" under workers compensation law?
see Maine workers comp laws/rules on State of Maine website
Who is considered a "seasonal" worker?
Logger
A Standard Fire Policy with no endorsement covers what?
Smoke
How is debris removal covered under a DP-1 policy?
Included in the limit of liability
If a person test drives a vehicle with no intent of purchasing and drives it to
Canada, what coverage would the dealer need to cover this loss?
Drive Other Car Coverage
What kind of vehicle is NOT covered a homeowners (HO) policy?
A non-registered vehicle used by the insured off of the insured's premises
Is vacant land the insured owns or rents covered under an HO policy?
Yes
If an insured and insurer do not agree on the amount of the loss, what is the next
step?
Insured and insurer each select their own appraisers
Who choose an umpire on a claim? And if an umpire cannot be agreed upon who
chooses?
Appraiser; Mediator
What does Directors and Officers Liability coverage do?
It covers an individual director/officer of a corporation for wrongful acts with in official
duty.
, If a manager of a grocery store injures a customer with a shopping cart, what
coverage
would apply?
Premises and Operations
How long does a insured have to file a lawsuit against a company under casualty
coverage?
Two (2) years
Under Maine Tort Law, a governmental entity would be liable for what?
Failing to add a barrier to construction site (i.e. on a sidewalk)
What does workers compensation cover (generally)?
Covers wages for those who have to remain out of work due to a work related injury
What does workers compensation cover specifically?
Loss of Limb
What does medical payments coverage provide for?
Medical and funeral expenses for a insured/passengers
What is excluded on a Commercial Package Policy?
Plumbing
If an accidental fire causes sprinkler to go off and cause water damage, is this
covered?
Always covered because fire is the proximate cause and fire is a covered peril.
What kind of pollution is a governmental entity NOT liable for?
Pollution that is sudden and accidental
What does Garage keepers Liability cover?
Other autos when in insured's care
What are the split auto limits in Maine?
50/100/25
When an HO policy reads: "The perils listed below are covered except for ones
noted in
the exclusions below", what kind of policy is this?
Named Peril Policy
A liability issue on an employee benefit plan would be covered under what?
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