Exam (elaborations)
GA Claims Adjuster Licensing Exam Questions and Answers (Real Exam)
- Course
- Institution
GA Claims Adjuster Licensing Exam Questions and Answers (Real Exam)
[Show more]
Content preview
GA Claims Adjuster Licensing ExamA partial loss that is suffered only by the party who suffers the loss and the particular owner
pays ( like for leaky hull) under Ocean Cargo insurance is a what kind of loss? - ANS-Particular
Average
A wrongful act is considered to be a ___________. - ANS-tort
Additional coverage limits on Dwelling Policies. - ANS-Additional coverages are 10% of the limit
of A under Coverage E - Additional Living Expenses. This only applies to DP2 and DP3.
Additional coverage, supplementary payment, or endorsement?
E.C. (extended coverage) perils - ANS-WC-SHAVER perils are endorsements for DP-1 and
additional coverages for all HOs. Personal and Commercial Inland Marine Floaters are all
open-peril. EC perils are covered under cause of loss forms in a Farm policy.
Additional coverage, supplementary payment, or endorsement?
Earthquake - ANS-Endorsement
Additional Insured - ANS-An individual or organization listed as covered by a primary insurance
agreement AKA the Zuckerburg endorsement.
After the initial notification of a loss, the insured is required to submit a signed proof of loss
within ______days for every policy except for what type of coverage which allows for 120 days?
- ANS-60 days; Commercial Crime Coverage
All of the following coverage is available under a Standard Flood Insurance Policy issued by the
National Flood Insurance Program except:
a. Loss of Use
b. Dwelling
c. Personal Property
d. Removal - ANS-A. Loss of Use
All the following are required elements to prove negligent liability, except:
A. duty to act and breach of duty
B. damages
C. intervening cause
D. proximate cause - ANS-C. intervening cause
An insured's right of recovery against a negligent third party may be transferred to the insurer
under the:
A - consideration clause
, B - indemnity clause
C - subrogation clause
D - assignment clause - ANS-C - subrogation clause
As a name peril contract, the SFP (Standard Fire Policy) covers:
A. all perils not otherwise excluded
B. perils specified in the policy
C. fire only
D. perils are not covered under the SFP - ANS-B. perils specified in the policy
Because the insurance company writes the policy languages and the insured has little to no
control over the content, any ambiguity in the wording is resolved in favor of the insured,
therefore insurance policies are said to be ______________. - ANS-contracts of adhesion
Boat, Yacht, Aviation, and Ocean Marine policies carry coverage for physical damage that is
called ___________________. What is their liability coverage called? - ANS-Hull Insurance;
Protection and Indemnity
Can two people share a single coverage of a car? - ANS-Yes if they are co-owners. They will
need the Joint Ownership Coverage Endorsement.
Charlie gets insurance on his house and forgets to tell the insurer that he only owns 50% of the
house. What would this be considered? - ANS-a misrepresentation
Collapse is a peril or additional coverage? - ANS-Additional coverage - causes of collapse
would be perils though, such as weight of ice or windstorm.
Commercial Auto Physical Damage coverages - ANS-1 - Choose comprehensive coverage
(OTC) OR Specified Causes of Loss coverage
2 - Collision coverage
Contents coverage of flood insurance is limited to what? - ANS-Personal property damaged or
destroyed by the flood itself and belongs to insured and resident spouse/relatives. The insured
is liable for content of others.
Coverages available under Ocean Marine Forms (3) - ANS-Hull Insurance, Protection &
Indemnity Insurance, Ocean Cargo Insurance
Crime Coverage Forms
A-
B-
C-
D-
E-
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller TUTORliz. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
67866 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now