Examination
180 minutes
Instructions:
1. Read each question carefully.
2. Answer all questions.
3. Use the provided answer sheet to mark your responses.
4. Ensure all answers are final before submitting the exam.
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7. This is Exam which will assess your knowledge on the course Learning
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State Insurance Claims Adjusters Certification 2024-
2025
Georgia G.A Claims Adjuster Licensing Exam Review
Questions and Answers | 100% Pass Guaranteed |
Graded A+ |
Read All Instructions Carefully and Answer All the
Questions Correctly Good Luck: -
On what policy does Medical Payment pay to both 1st
and 3rd parties? - =Answer>> Personal Auto Policy
In a liability loss, the person to whom the insured has
caused damage is referred to as the:
A. first party
B. second party
C. third party
D. fourth party - =Answer>> C. third party
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 - =Answer>> C. intervening cause
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 ______________. - =Answer>> contracts of
adhesion
Which of the following represent the insured's premium
deposit?
A. insured's signature and payment of the contract
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B. A speculated up-front deposit that can be adjusted
upon review of exposure
C. a promise of premium payment for an annual time
frame
D. dividing its premium by underwriting losses -
=Answer>> B. A speculated up-front deposit that can
be adjusted upon review of exposure
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 - =Answer>> C - subrogation
clause
A wrongful act is considered to be a ___________. -
=Answer>> tort
Policies that pay full current cost for property that has
been destroyed, without making any depreciate are
written on what basis? - =Answer>> Replacement
cost basis
OSCAR or open peril coverage forms:
A. name the perils to be insured against
B. list the policy exclusions
C. have no exclusions
D. are no longer available in the general insurance
market - =Answer>> B. list the policy exclusions
The clause in the SFP (Standard Fire Policy) which limits
the liability of the insurer to a portion of the loss, and
the contract states that no greater than "the amount
hereby insured shall bear to the whole insurance
covering the property against the peril involved,
whether collectible or not" is called the:
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