ADJUSTER PRO 4 40 LATEST EXAM QUESTIONS WITH COMPLETE VERIFOED ANSWERS GRADED A++
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ADJUSTER PRO 4 40 LATEST EXAM QUESTIONS WITH COMPLETE VERIFOED ANSWERS GRADED A++
Which of the following BEST describes the insurance provided by residual market insurance programs?
Zane's farmhouse was burglarized. The thieves stole his $4,000 sofa, his $3,000 silverware collection, and his $5...
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ADJUSTER PRO 4 40 LATEST EXAM QUESTIONS WITH
COMPLETE VERIFOED ANSWERS GRADED A++
Which of the following BEST describes the insurance provided by residual market
insurance programs?
Zane's farmhouse was burglarized. The thieves stole his $4,000 sofa, his $3,000
silverware collection, and his $5,000 watch. Under Zane's farm insurance policy,
which has a Coverage A limit of $150,000, how much can he expect to receive in
indemnification for this loss, assuming there are no endorsements and ignoring
any deductibles?
$9,000
Acme Construction is in charge of building a new subdivision in the city, and
hires Jim's Masonry to lay the foundations. As part of the deal, Jim's Masonry is
required to purchase Owners & Contractors Protective Liability to protect Acme
Construction in the event Jim makes a mistake that results in a liability claim.
Who will be listed as the named insured on this policy?
John has purchased a homeowners insurance policy with a percentage
deductible based on the total limit of insurance for his home. John insures his
home for $600,000, and the policy includes a 3% deductible. A huge thunderstorm
passes through one night and blows the roof off his house. The insurance
company estimates that covered damage totals $80,000. How much
indemnification should John expect for the losses to his roof?
$62,000
Which of the following statements regarding health insurance is TRUE?
To be covered, members of an HMO must receive treatment for their medical conditions
within the established network of healthcare providers.
Which of the following statements best describes the Law of Large Numbers?
Which of the following is FALSE about Workers' Compensation insurance?
ABC Construction recently won a bid to reconstruct the town park. After a few
months of work, ABC Construction realizes they won't make any money on the
, project and walk away, leaving the park half-finished. Luckily, the town had
required ABC Construction to hold a surety bond from Parker Sureties, who can
now step in to finance the completion of the job. Which of the following
statements is TRUE?
Which of the following refers to being restored to the financial condition you were
in before a loss?
The Valuable Papers and Records floater can cover losses to all of the following,
EXCEPT:
securities.
Which of the following incidents would a liability insurance policy cover?
Which of the following highlights a major difference between an insurance
contract and a surety bond?
Which of the following coverage options does NOT waive the coinsurance
requirement in a commercial property policy?
The purpose of the principle of indemnity is:
to prevent an insured from making a profit on a loss.
The open enrollment period for a Medicare Supplement policy starts when a
person turns ____ and enrolls in Medicare, and lasts for ____.
Which of the following statements is FALSE?
Which of the following can NOT cover the death of the insured's cow due to a
lightning strike?
Which building would fall under a General Property Form flood insurance policy?
Which of the following best describes how losses are valued under a Commercial
Crime policy?
Money is valued at face value; securities are set at their value on the day the loss is
discovered; and other property is valued at the lesser of the cost to repair or replace.
Which of the following would NOT result in disciplinary action from the
Department of Financial Services?
States that require all businesses to purchase workers' compensation insurance
are called:
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