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NM ADJUSTER EXAM 2024 QUESTIONS AND VERIFIED ANSWERS GRADED A++
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NM ADJUSTER EXAM 2024 QUESTIONS AND VERIFIED ANSWERS GRADED A++ an insurance contract, the policyholder gives the insurer ___ and the insurer gives the policyholder ___. premium payments; peace of mind Which of the following people does NOT have an insurable interest in an insured property? A...

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  • June 1, 2024
  • 10
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

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  • nm adjuster exam 2024 questions and verified answ

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  • NM ADJUSTER
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NM ADJUSTER EXAM 2024 QUESTIONS AND VERIFIED

ANSWERS GRADED A++


an insurance contract, the policyholder gives the insurer ___ and the insurer

gives the policyholder ___.

premium payments; peace of mind

Which of the following people does NOT have an insurable interest in an insured

property?

A homeowner's interest in the local town water pipes that deliver water to his home.

In the event of a catastrophe, emergency adjuster licenses in New Mexico are

valid for:

90 days.

Cindy falls down the stairs at Jane's house and breaks her arm, resulting in

$2,500 in medical expenses. Jane's homeowner's insurance will cover the liability,

but Cindy is particularly mad at Jane for not keeping her house in order and is

seeking punitive damages. Jane's insurance adjuster informs the two of them that

they will likely have to go to court to settle the dispute because:

punitive damages can only be determined by a court of law.

Under Jacqueline's Personal Injury Protection, all of the following would be

covered for bodily injuries except:

, Jacqueline's sister who also has PIP

Jason has had mild asthma since childhood. He now works in a chemical

processing plant, and his asthma has gotten much worse ever since he

contracted pneumonia because of the fumes at the plant. For workers'

compensation insurance, this is usually known as:

aggravation.

Jane's shed burns to the ground during a tornado, when a tree falls on the roof

and snaps a power line, which then ignites the structure. What is the proximate

cause of the loss?

Wind

Inland marine insurance protects:

property related to transportation and property being transported

Under the New Mexico Commercial Auto Insurance Plan, a policyholder can

purchase additional coverage up to limits required by any other state:

but only for as long as the insured vehicles are being driven in that state.

What are the four requirements of a legally binding contract?

Agreement, consideration, competent parties, legal purpose

Which statement about the Jones Act is TRUE?

It protects injured seamen by allowing them to sue for damages and to choose a jury

trial.

All of the following lines of coverage may be offered in Commercial Package

Policy, except:

Workers' Compensation.

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