Examination
180 minutes
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State Insurance Claims Adjuster- Pro Certification
2024- 2025
Adjuster Pro; Insurance Claims Adjuster’s
Certification Exam Comprehensive Review
Questions and Answers | 100% Pass Guaranteed |
Graded A+ |
Read All Instructions Carefully and Answer All the
Questions Correctly Good Luck: -
1. The fee paid by the insured in exchange for an
insurance policy is called a:: premium.
2. What is a reserve, in insurance terms?: A reserve
is a pool of collected premiums that the insurer sets
aside to pay claims.
3. Which of the following refers to being restored
to the financial condition you were in before a
loss?: Indemnification means being restored to the
financial condition you were in before a loss.
4. All of the following pieces of information can be
found in the Conditions section of an insurance
policy, EXCEPT:: causes of loss that are not covered.
5. In which section of an insurance policy might
you find the following state- ment? "Damage to
insured property must be reported within 15
days of the damaging occurrence.": Conditions
6. Which of the following would you find in the
Conditions section of an insurance policy?: The
insured's duty after a loss
7. When an insurer buys insurance to reduce its
exposure to loss, this is called:: re-insurance.
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8. A reciprocal insurer is:: an unincorporated
organization of subscribers that operates through an
attorney-in-fact to provide insurance benefits for its
members.
9. A "hazard" is defined as:: something that increases
the chance of a loss.
10. Which of the following is a hazard?: A driver's
tendency to text while driving
11. When an insurer issues an insurance policy,
the actual item, person, or organization that is
being insured is called the:: risk.
12. Which of the following would be considered
an insurable risk?: A squadron of police cars
13. Each of the following would classify as an
insurable risk, except:: a mar- riage.
14. Risk avoidance is a risk management
technique that:: eliminates risk.
15. Six Stars Development Company has just
been offered a great deal on a bulk purchase of
dishwashers from a new company called Clean
Machines. They've never purchased appliances
from Clean Machines, so they're hesitant to
make such a large purchase. Finally, Clean
Machines offers to provide
10-year warranties for each of the dishwashers.
For Six Stars Development, purchasing the
warranties is an example of:: risk transference.
16. Which of the following is NOT a risk
management technique?: Risk equality
17. An oral or written statement providing
temporary insurance coverage until an insurance
policy can be issued is called a:: binder.
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18. An insurance contract is an agreement
between two parties where each side promises
to be truthful, factual, and honest about their
respective posi-
tions. Therefore, an insurance contract is said to
be a contract of:: utmost good faith.
19. Jason's auto policy states that the insurer
may cancel coverage if a pre- mium is more than
30 days late. However, Jason is currently more
than 30 days late, and has been so five times in
the last year, and his insurer has done nothing
about it. When Jason gets into an accident and
files a claim, which of the following is most likely
to happen?: The insurer will pay the claim because of
the implied waiver they have made by not canceling
Jason's policy the previous times he was late with his
payments.
20. The factual statements of the insured upon
which an insurance policy is based are called::
representations.
21. Lewis owns a computer store, and he spends
many hours a day on the sales floor
demonstrating his products to customers. He
often gets very animated when showing the
electronics and, although he does not intend for
anything bad to happen, he doesn't worry too
much about handling them carefully, since he
knows that his insurance policy will cover any
damages. This behavior would be called a::
morale hazard.
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