Alabama AdjusterPro Exam for P&C with WC and Crop (2023)
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Adjuster pro
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Adjuster Pro
Alabama AdjusterPro Exam for P&C with WC and Crop (2023)
Alabama AdjusterPro Exam for P&C with WC and Crop (2023)
1: Incorrect Indemnification may include all of the following except:
reimbursement for hotel costs.
reimbursement for rental car costs.
Answer Given payment for...
alabama adjusterpro exam for pampc with wc and crop 2023
alabama adjusterpro exam 2023
alabama adjusterpro exam for pampc with wc and crop 2023 1 incorrect indemnifi
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Alabama
Adjuster
Pro
Exam for
P&C with
WC and
Crop
(2023)
1 of 50 Alabama AdjusterPro Exam for P&C with WC and Crop (2023)
1: IncorrectIndemnification may include all of the following except:
reimbursement for hotel costs.
reimbursement for rental car costs.
Answer Givenpayment for repairs to property.
Actual Answerpayment for pain and suffering.
2: CorrectWhat is a reserve, in insurance terms?
The amount of revenue that the insurer sets aside to pay employee salaries
A group of policyholders who pay into the same pool of premiums
A set of rules governing how the insurance industry should work
Actual AnswerAnswer GivenA pool of collected premiums that the insurer sets aside to pay claims
3:
CorrectWhich of the following refers to being restored to the financial condition you were in before a loss?
Restoration
Prepared by Litmos at 7/1/2018 2:47:20 PM
Estoppel
Subrogation
Actual AnswerAnswer GivenIndemnification
4: CorrectWilliam is wearing an ABC Insurance jacket and has an ABC Insurance sign over his rented office. The walk-in customer could reasonably believe that he has the authority to write an insurance contract because of his:
apparent authority.
Prepared by Litmos at 7/1/2018 2:47:21 PM 2 of 50 express authority.
agent authority.
Actual AnswerAnswer Givenimplied authority.
5: IncorrectWhich of the following statements does NOT apply to the Standard Fire Policy?
It is the basis for all homeowners policies.
Answer GivenIt is a named peril policy.
It pays actual cash value.
Actual AnswerIt automatically covers wind and vandalism.
6:
CorrectIn the Standard Fire Policy, “intentional losses” and “extreme perils that cause catastrophic damage to a large number of policyholders” would be considered examples of:
insurable risks.
conditions.
hazards.
Actual AnswerAnswer Givenexclusions.
7: IncorrectWhich of the following statements is NOT true of endorsements?
An endorsed policy has been changed from the original version.
Endorsements may be added to a policy at any time during the policy period.
Answer GivenEndorsements may be added to a policy at the time of purchase and at renewal.
Actual AnswerAn endorsed policy will always provide more coverage than an unendorsed policy.
Prepared by Litmos at 7/1/2018 2:47:21 PM 3 of 50 8: IncorrectHoney’s Bakery is a local coffee shop run by two sisters. In a rush to leave one afternoon, their new employee forgets to turn off the gas stove. The leaking gas causes an explosion, destroying the kitchen. Which condition in their commercial property policy could help the sisters cover the cost of the damage?
Answer GivenOther Insurance
Legal Action Against the Insurer
Non-Owner Condition
Actual AnswerControl of Property
9: IncorrectA fire burns down Jenny’s Hardware, leaving virtually nothing salvageable. Which of the following items would NOT be covered under Coverage A of the Building and Personal Property Coverage Form in her commercial property policy?
The lumber storage shed, listed on the dec page
The heating and air conditioning system
Answer GivenThe brand new flooring Jenny had installed a month ago
Actual AnswerAn employee’s laptop which she uses for work
10: CorrectAfter Tony, the owner of XYZ Cleaners, accidentally starts a fire, XYZ Cleaners burns to the ground, taking all the garments with it. Afterwards, Tony has to rent a new building and purchase new equipment and supplies. He is also responsible for all the clothing that was in his care. Which type of coverage in his commercial property policy could help Tony with the cost of paying for his customers' destroyed clothing? Extra Expense Coverage
Dry Cleaners Risk Coverage
Leasehold Interest Coverage
Actual AnswerAnswer GivenLegal Liability Coverage
Prepared by Litmos at 7/1/2018 2:47:21 PM 4 of 50
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