Examination
180 minutes
Instructions:
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2. Answer all questions.
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7. This is Exam which will assess your knowledge on the course Learning
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Adjuster Pro: State Insurance Claims Adjuster
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Adjuster Pro Pre- License Adjusting Exam
Chapter 1 All Sections Adjuster Exam
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Read All Instructions Carefully and Answer All the
Questions Correctly Good Luck: -
Insurance - =Answer>> financial tool that protects
individuals and organizations from unforeseen and
extraordinary financial losses by transferring risk to
another party
insured - =Answer>> individual or organization that
pays premiums in exchange for protection
insurer - =Answer>> Company, group, or government
agency offering financial protection
insurance policy - =Answer>> A legally binding
contract that defines the obligations of both the insured
and the insurer.
Principle of Indemnity - =Answer>> Restoration to
previous financial condition; no more, no less
4 qualifications of a contract - =Answer>> 1.
agreement
2. consideration
3. competent parties
4. legal purpose
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