Examination
180 minutes
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State Insurance Claims Adjusters Certification 2024-
2025
Georgia G.A Insurance Adjuster Exam Review
Questions and Answers | 100% Pass Guaranteed |
Graded A+ |
Read All Instructions Carefully and Answer All the
Questions Correctly Good Luck: -
HO-3 (special form) - =Answer>> covers the dwelling
and other structures on a risk-of-direct-physical loss
basis. All direct physical losses are covered except
those losses specifically excluded. Personal property is
covered on a named perils basis
HO-2 (broad form) - =Answer>> covers the dwelling,
other structures, and personal property on a named
perils basis
HO-4 (contents broad form) - =Answer>> covers a
tenant's personal property on a named perils basis
HO-5 Comprehensive Form - =Answer>> provides
open perils coverage ("all-risks coverage") on the
dwelling, other structures and personal property.
HO-6 (Condo Form) - =Answer>> covers personal
property on a named perils basis. A minimum of $5,000
of insurance is also provided on the condominium unit
that covers improvements and additions
HO-8 (modified coverage form) - =Answer>>
designed for older homes. Dwelling and other
structures are based on the amount required to repair
or replace using common construction materials and
methods
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How long do you have to file a law suit in GA? -
=Answer>> 2 years
The HIPAA was enacted by the US Congress in
_________. - =Answer>> 1996
Professional liability policies - =Answer>> Contain a
consent to settle clause, which says that an insurer
must ask the policyholder's permission before settling a
claim to avoid a lawsuit.
Electronic Data Processing (EDP) insurance -
=Answer>> will cover "intangible" electronic data,
such as software.
The "Consent to Settle" clause in the Professional
Liability policy is best described as: - =Answer>> a
clause that requires the insurance company to get
approval from the insured before settling a claim.
According to the general rules for cancellation of
insurance policies in Georgia, if a policyholder hasn't
been paying premiums, how many days notice must an
insurer give the insured before cancelling the policy? -
=Answer>> 10 days
commerical property - =Answer>> Commercial
property coverages are usually paid on an actual cash
value basis.
A commercial policy typically provides some coverage
for loss to personal property of employees.
Commercial policies are generally not designed to
cover farms and 1-4 family dwellings.
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Six Special Characteristic of Insurance Contracts -
=Answer>> Personal, Adhesion, Utmost Good Faith,
Aleatory, Unilateral, Condition
Coverage F - =Answer>> Medical Payments
Umbrella - =Answer>> An umbrella policy provided
liability coverage over and above the normal or base
limits of liability in a policy. An umbrella policy is a type
of excess policy
Risk Transference - =Answer>> Management of
severe risk by transferring the risk of another party
Risk Avoidance - =Answer>> Eliminates risk by not
taking an action that involves risk
B.O.P. - =Answer>> Business Owner Package
C.P.P - =Answer>> Commercial Package Policies
Representation - =Answer>> A statement of a fact
Misrepresentation - =Answer>> A false, distorted, or
deceitful statement of fact or opinion, even if made
unintentionally
Personal Contract - =Answer>> Protects the
policyholder from financial losses. It does not protect
property from becoming damaged. Coverage the
follows the person, not the property.
Adhesion Contract - =Answer>> The insurer is
responsible for the term of the contract. The insured
has no say in wording. Courts favor the insured in the
event of an ambiguity.
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