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.
5. Please answer each question below and click Submit when you have completed
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7. This is Exam which will assess your knowledge on the course Learning
Resources.
Good Luck!
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State Insurance Claims Adjusters Certification 2024-
2025
Alabama Adjuster-Pro Insurance Adjuster Exam Review
Questions and Answers | 100% Pass Guaranteed |
Graded A+ |
Read All Instructions Carefully and Answer All the
Questions Correctly Good Luck: -
What is insurance? - =Answer>> protection against
financial loss
what is a premium - =Answer>> a scheduled amount
to be paid for an insurance policy.
What are premiums used for - =Answer>> premiums
are collected into a "pool" or "reserve to pay out
claimants when needed.
how can insurance companies afford to pay for an
individuals catastrophic loss? - =Answer>> the
insurer collects premiums from all policy holders and
uses them to pay out the claims of a few.
Types of hazards - =Answer>> Physical, Moral,
Morale, legal
Moral hazard - =Answer>> Results from the policy
holders deliberate decision
Involves reckless behavior because of the financial
security offered by insurance
Is a type of behavioral hazard
Morale hazard - =Answer>> Occur when someone
exhibits risky behavior because of having insurance.
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Physical hazard - =Answer>> Physical conditions
that increase the chance of loss.
Types of physical hazards - =Answer>>
Environmental - pot holes in road
Material - asbestos in a old house
Operational - poorly managed engine
Occupant - working in a coal mine
Legal hazard - =Answer>> Increased chance of loss
because of legal action
fraud - =Answer>> Deceiving an insurer to profit
from an insurance policy
Hard and soft fraud - =Answer>> Hard fraud -
planning or faking a loss
Soft fraud - exaggerating a claim to inflate the
indemnity
proximate cause - =Answer>> Unbroken chain of
events between an occurrence and a loss - then that
occurrence is the proximate cause of the loss
occurrence - =Answer>> An event, incident, or
condition that causes damage
Occurrence as proximate cause - =Answer>> The
original occurrence causes damage that leads to more
damage
Direct loss - =Answer>> Physical harm to tangible
property
Indirect loss - =Answer>> Economic loss that results
from the direct or physical loss
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