Examination
180 minutes
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State Insurance Claims Adjusters Certification 2024-
2025
Georgia G.A Claims Adjuster Exam Prep Review
Questions with Correct Answers | 100% Pass
Guaranteed | Graded A+ |
Read All Instructions Carefully and Answer All the
Questions Correctly Good Luck: -
In the insurance industry, risk can have two meanings:
1) the potential for financial loss; being exposed or
open to damage, 2) an insured item. - =Answer>>
Risk
Insurers' practice of denying insurance applications
that they believe would involve an inordinate amount of
risk. - =Answer>> Risk Avoidance
A ______ deductible is one specific, predetermined
amount that a policyholder must pay out-ofpocket
before he can be indemnified - =Answer>> Deductible
- fixed
Deductible that is calculated as a _______ of a covered
loss. - =Answer>> Deductible - percentage
A ______states that the policyholder only pays for
damages that are less than his
deductible. If the cost of damages equals or exceeds
his deductible, the insurer pays the full
An insurer practices _________________when it takes
precautions in order to reduce its exposure; for
example, requiring that all homes insured by a
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homeowners policy have fire alarms installed. -
=Answer>> Risk Reduction
An insurer practices ______________ when it chooses to
insure a risk instead of denying coverage. -
=Answer>> Risk Retention
Which of the following is the most precise synonym for
an "authorized" insurer?
Insurers who meet the state's financial requirements
and are approved to transact business in the state are
considered authorized or admitted into the state as a
legal insurer. - =Answer>> Admitted
All of the following are additional causes of loss
included in the broad form of a commercial property
policy EXCEPT
Broad form causes of loss adds falling objects; weight
of ice, snow, or sleet; water damage; collapse; and
breakage of glass to those perils covered under the
basic causes of loss. - =Answer>> Replacement cost
Three years ago, an insured moved to an unfurnished
apartment. She bought new furniture that cost $9,000.
Last week, there was a fire in the apartment that
destroyed the furniture. Replacement cost is $10,500.
The adjuster told the insured her furniture depreciated
$2,500. If insurance is written on an actual cash value
basis, how much will it pay for the loss?
When insurance coverage is written on an actual cash
value basis, losses paid are for the replacement cost (at
the time of loss), minus depreciation. - =Answer>>
$8,000
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