GA Insurance Adjuster Course FINAL EXAM *Q&A* (100% Correct) 2025/2026 |VERIFIED| [Georgia]
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Course
Georgia claims adjuster
Institution
Georgia Claims Adjuster
GA Insurance Adjuster Course FINAL
EXAM *Q&A* (100% Correct) 2025/2026
|VERIFIED| [Georgia]
Six special features of insurance contracts include: - Personal, Adhesion, Aleatory, Unilateral, Condition, and what?
Utmost Good Faith
What does Coverage F pertain to?
Medical Payments
D...
GA Insurance Adjuster Course FINAL
EXAM *Q&A* (100% Correct) 2025/2026
|VERIFIED| [Georgia]
Six special features of insurance contracts include:
- Personal, Adhesion, Aleatory, Unilateral, Condition, and what?
Utmost Good Faith
What does Coverage F pertain to?
Medical Payments
Describe the function of an umbrella policy.
It provides liability coverage exceeding the normal limits of a primary insurance policy.
What is the purpose of risk transference in insurance?
It involves managing severe risks by transferring the risk to another party.
How does risk avoidance differ from other risk management techniques?
It eliminates risk by not engaging in actions that entail risk.
What does B.O.P. stand for?
Business Owner Package
What is indicated by C.P.P. in insurance?
Commercial Package Policies
Define representation in insurance terms.
A statement of fact
1
,What distinguishes misrepresentation from representation?
It is a false, distorted, or deceptive statement, even if unintentional.
Explain what makes a contract "personal" in insurance terms.
It protects the policyholder from financial losses rather than property damage; coverage follows
the person, not the property.
What characterizes an adhesion contract in insurance?
The insurer dictates contract terms, while the insured has no influence on wording, and
ambiguities are resolved in favor of the insured.
What does utmost good faith require from insurance applicants?
They must fully disclose all pertinent facts; the insurer relies on their honesty.
Describe the concept of an aleatory contract in insurance.
The policyholder may pay more in premiums than they receive in claims, or vice versa.
How long does a commercial crime policy cover losses after policy expiration?
60 days
What is a reciprocal insurer?
An unincorporated group of subscribers providing insurance benefits through an attorney-in-fact.
What is risk reduction, also known as risk mitigation?
Taking steps to reduce the potential impact of a risk.
Explain risk retention in insurance.
It involves acknowledging a risk and preparing for potential losses.
2
, Coverage B typically covers what type of property?
Detached Private Structures
Coverage D addresses what needs?
Loss of use, including Fair Rental Value and Additional Living Expenses.
Under what conditions must a conditional contract be fulfilled?
Only if certain conditions are met.
In a unilateral contract, what is the obligation of the insurer?
The insurer must pay for covered losses; the insured has no obligation.
What does concealment in insurance entail?
Deliberately withholding important information.
What is a binder in insurance?
Temporary coverage for an insurance applicant until the formal policy is issued.
How much deductible is associated with a personal article floater?
$500
What is a morale hazard in the context of insurance?
When the insured's behavior changes due to having insurance coverage.
Define the term "surety" in insurance.
A party that guarantees payment to the obligee if the principal defaults.
3
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