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All-Lines Adjuster Exam Questions and Complete Solutions Graded A+
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All-Lines Adjuster Exam Questions and Complete Solutions Graded A+
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All-Lines AdjusterExam Questions
and Complete
Solutions Graded
A+
Denning [Date] [Course title]
, Contributory Negligence - Answer: defense against negligence that if an individual contributes to his or
her own loss in any way, then another cannot be held liable. Neither party can collect damages
Comparative Negligence - Answer: allows an injured party to collect from another party for a loss, even
when the injured party contributed to his or her own loss. Damages are reduced to the extent of the
injured party's negligence
Actual Cash Value (ACV) - Answer: cost of replacement minus depreciation
Coinsurance clause - Answer: A clause that requires an insured to pay part of a loss if the coverage
provided under the policy limits is less than a specified percentage of the value of the property at the
time of loss - usually 80%
Character, Capital and Capabilities - Answer: What are the 3 C's to Surety?
Uninsured Motorists Formula - Answer: Total Medical bills minus PIP minus deductible applies to:
$10,000 - Answer: What is the maximum medical benefits PIP will pay?
HMO (Health Maintenance Organization) - Answer: No insurance is involved. Prepaid fixed fee covers
health care costs.
Hospital Indemnity Insurance - Answer: flat amount per day of hospitalization
Limits of Liability - Answer: the maximum amount of insurance the company will pay for a loss
Pollution - Answer: What is an exclusion found in the CGL policy?
Mechanical Breakdown Insurance Policy Term - Answer: New cars is 36 months or 36,000 miles or used
cars is 12 months or 12,000 miles
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