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GA Adjuster Exam Review LATEST UPDATE REAL EXAM 100% QUALIFIED QUESTIONS AND CORRECTLY HIGHLIGHTED ANSWERS ALREADY RANKED A+
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GA Adjuster Exam Review LATEST UPDATE REAL EXAM 100% QUALIFIED QUESTIONS AND CORRECTLY HIGHLIGHTED ANSWERS ALREADY RANKED A+

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  • November 23, 2024
  • 8
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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GA Adjuster Exam Review

________ is a legal term describing an intentional act that is illegal or morally wrong, that
contributes to the injury of another person. - ANS-Malfeasance

A commercial lines policy has been in effect for more than 60 days.The insurer intends to cancel
for an approved reason other than non-payment of premium. How many days advance
cancellation notice must be sent to the first named insured? - ANS-45 days

A dual capacity claim in Worker's Comp is filed - ANS-Against an employer that was acting in
any capacity "Other Than an Employer" at the time the injury occurred.

A loss reserving method that establishes aggregate reserves for all claims for a single line of
insurance is known as: - ANS-Loss ratio method

A manufacturing company is sending two U.S. employees to Russia to discuss their products
and visit a similar Russian manufacturing plant. What coverage would be needed for injuries
they may incur in a work-related accident while abroad? - ANS-Add the Foreign Coverage
Endorsement to the company's workers' compensation policy.

A surety bond is: - ANS-A form of credit

A typical directors and officers liability policy covers each of the following, EXCEPT: - ANS-A
D&O policy protects corporate officers and directors. Typically, no coverage is provided for the
entity itself, apart from its obligation to reimburse the officers and directors for expenses and
damages paid in legal proceedings that are allowed by its bylaws.

A warranty is something that becomes part of the contract and is a statement that is considered
to be a guarantee of truth for the entire term of the policy. - ANS-

Adjusters must maintain record of each investigation or adjustment undertaken, and a statement
of any fee, commission, or other compensation received or to be received on account of the
investigation or adjustment. How long must the records be maintained for examination? - ANS-5

Advertising injury coverage applies only if the offense arises from: - ANS-Misappropriation of
ideas or copyright infringement in the course of any advertising

Agent Rice informs the insured that he needs to secure motor vehicle records on all of the
drivers in the household based on company requirements. This is an example of Agent Rice's: -
ANS-Implied authority - the authority the agent believes he has in order to do his job properly

, Algae are NOT included in the definition of "fungus" under the additional coverage of the cause
of loss forms. - ANS-

All of the following statements are true regarding an interline endorsement used in a
Commercial Package policy (CPP), EXCEPT: - ANS-Interline endorsements are used in the
CPP to simplify coverages and conditions among many different forms and apply only to two or
more coverage parts.

All of the following would be covered under a Builders Risk Policy, EXCEPT: - ANS-A
prospective buyer

All resident and nonresident licensees must promptly notify the Commissioner in writing within
_____ of any change in the business address. - ANS-30 Days

An insured carries a liability policy and an umbrella policy. The verdict in a personal injury
liability suit was higher than the insured's underlying liability policy's limit of insurance. In this
situation: - ANS-The insurance company providing the insured's umbrella liability policy can
appeal the case at its own expense even if the insured and the company providing the
underlying policy do not appeal.

An insured has purchased BAP physical damage coverage against specified causes of loss.
Protection applies to all of the following perils, EXCEPT: - ANS-Falling objects

Any rules or regulations established by the Georgia Insurance Commissioner must be approved
by: - ANS-State Attorney General

Binders can be made either in writing or made orally for a period of 90 days. - ANS-They can be
extended for another 90 days with the written approval of the Insurance Commissioner.

Churning - ANS-Churning occurs when an insurance agent replaces a policyholder's insurance
policy for another insurance policy, usually without consulting the policyholder and often with no
changes to the coverage itself. Agents who engage in churning do so in order to secure an
additional commission for the new policy they swap in.

Coverage D - Loss of Use on the Homeowners forms provides coverage for "Civil Authority
Prohibits Use" for: - ANS-No more than two weeks.

Coverage for workers compensation coverage in Georgia is optional for which of the following? -
ANS-A partner or sole proprietor

A partner or sole proprietor is not an employee of the business unless he/she wishes to be
included as an employee in the coverage provisions and so advises his or her insurance
company.

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