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AZ Adjusterpro Exam Questions and Answers 100% Solved
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AZ Adjusterpro Exam Questions and Answers 100% Solved covered by other insurance (boiler and machinery) - windstorm or hail explosion fire or combustion explosion internal furnace explosion social insurance - non profit, mandatory participation, benefits prescribed by the law, designed to ...

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  • December 31, 2024
  • 38
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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AZ Adjusterpro Exam Questions and

Answers 100% Solved


covered by other insurance (boiler and machinery) - ✔✔windstorm or hail

explosion

fire or combustion explosion

internal furnace explosion

social insurance - ✔✔non profit, mandatory participation, benefits

prescribed by the law, designed to meet general needs of the public, gov.

has monopoly

Private Insurers - ✔✔sells insurance based on consumer preferences,

offers a wide variety of insurance products, typically exists to benefit a

group or profit, insured party voluntarily participates

Stock Insurance Companies - ✔✔always for profit, usually publicly-traded,

stockholders provide capital and participate in profits or losses, non-

participating insurers: no dividends go to policyholders

Mutual Insurance Companies - ✔✔owned by policyholders (no

shareholders), policyholders elect board of directors

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©NINJANERD 2025/2026. YEAR PUBLISHED 2025.

,participating insurers: policyholders participate in dividends

Reciprocal Insurers - ✔✔a group of people or organizations that insure

each other, unincorporated, non-profit, operated by attorney-in-fact,

members pay into individual accounts, cost of claims shared by the whole

group

Surplus Lines - ✔✔people can get surplus lines when they are denied

coverage by standard insurers for multiple reasons

Surplus (Excess) Lines Insurance - ✔✔is a last resort, is not available in

the standard market and must meet certain conditions

Blanket coverage vs. specific limits - ✔✔Blanket coverage "blankets" more

than one property, type of property, or coverage under a single limit.

Specific limits are limits that apply to one specific type of property

Estoppel - ✔✔A legal principle that prohibits a party from asserting a claim

or right that is inconsistent with that party's past statement or conduct on

which another party has detrimentally relied. A estoppel is a type of implied

waiver

6 Qualifications of Insurable Risk - ✔✔1.) Adequate Premiums 2.)

Definable Risk 3.) Unexpected Losses 4.) Substantial losses 5.) Exclusions

6.) Law of Large Numbers


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©NINJANERD 2025/2026. YEAR PUBLISHED 2025.

,Adequate Premiums - ✔✔Insurance must be able to cover claims with

premium incomes

Exclusions - ✔✔The insurer must exclude coverage for large-scale

disasters and catastrophic events

Proximate cause - ✔✔when there is a unbroken chain of events between

an occurrence and a loss, then that occurrence is the proximate cause of

the loss.

original occurrence - ✔✔causes damage that leads to more damage

meaning- that the original occurrence is the proximate cause of the loss

First party claim - ✔✔a claim made by the policyholder on her own policy

Third party claim - ✔✔a claim made by anyone other than the policyholder

5 steps to the claims process - ✔✔1. Claimant contacts insurer and files

the claim

2. The insurer acknowledges the claim and requests all items necessary to

prove the loss

3. The adjuster investigates the claim and determines whether it is valid

4. If the claim is valid, the adjuster evaluates the claim

5. Insurer accepts or rejects the claim

Vicarious Liability - ✔✔the transfer of negligence from one party to another

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©NINJANERD 2025/2026. YEAR PUBLISHED 2025.

, 4 elements of negligence - ✔✔1. defendant has legal duty to act or not act

in a prescribed matter

2. defendant failed to act accordingly (breach of duty)

3. plaintiff suffered actual loss or injury due to defendants action/inaction

4. loss of injury to plaintiff was a direct result of breach of duty of the

defendant

3 Degrees of Liability - ✔✔1.)Full Liability - The insured party is 100% at

fault for damages to a third party.

2.)Partial Liability - the insured party is only partially at fault or shares fault

with a third party.

3.)No Liability - the insured party has 0% or no liability in the damage to a

third party.

Assumption of Risk - ✔✔the claimant knew he had the potential to

experience damage or risk

Contributory Negligence - ✔✔can be understood as, "if you hadn't played

part in the negligence, you would not have experience's the damages"

therefore you get no indemnification




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©NINJANERD 2025/2026. YEAR PUBLISHED 2025.

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