Examination
180 minutes
Instructions:
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2. Answer all questions.
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State Insurance Claims Adjusters Certification 2024-
2025
Georgia G.A Claims Adjuster Exam Practice Review
Questions and Answers | 100% Pass Guaranteed |
Graded A+ |
Read All Instructions Carefully and Answer All the
Questions Correctly Good Luck: -
Warranty - =Answer>> Is a statement made in an
insurance contract by the insured when the validity of
the insurance contract depends on the literal truth or
statement.
Res Ipsa Loquitor - =Answer>> "The thing speaks for
its self"
Diminution of Value - =Answer>> A reduction in the
value of a vehicle even after repairs have been made
Declaratory Judgement - =Answer>> Is a lawsuit
seeking a judicial determination of whether policy
coverage applies to a claim. Insurers usually file
declaratory actions to determine whether a claim falls
within the provisions of the insuring agreement of a
policy.
Loss Payable Clause - =Answer>> An insurance
provision authorizing payment in the event of loss to a
person or entity other than the named insured with an
insurable interest in the covered property or, in some
cases, jointly to the insured and the other person or
entity.
Demurrage - =Answer>> The compensation payable
for delaying a vessel carrying freight as by failing to
load/unload cargo
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Walk-away release - =Answer>> the bills presented
are paid with no attempt to obtain a separate release,
although the wording on the draft or check may also
serve as a form of release. After a certain amount of
time has passed with no further contact with the
claimant, the file is considered closed.
Apparent Authority - =Answer>> the authority the
public believes the agent has which seems to be
apparent by the agent's actions.
Functional Replacement Cost - =Answer>> Replace
the damaged item, but with something that might not
be exactly the same
Residence premises - =Answer>> According to the
definitions section of the homeowner policy, "one
family dwelling, other structures or grounds" also
means the:
Covers barns, silos, fences. - =Answer>> Coverage G
under the Farm forms covers which of the following?
Adjusted Gross Revenue . - =Answer>> The federal
crop program that covers the revenue of the entire
farm as opposed to a specific crop is called:
General Average Clause. - =Answer>> where
everyone shares in the loss to save and preserve the
ship and its cargo.
Liberalization Clause - =Answer>> is a clause that
automatically upgrades an insured's policy when the
company has made a change without a premium
charge that broadens coverage on the same types of
policies issued after the insured's policy was issued.
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