Exam (elaborations)
Adjuster Pro Indiana Adjuster-s License - Practice Exam questions and answers.
- Course
- Adjuster Pro
- Institution
- Adjuster Pro
Adjuster Pro Indiana Adjuster-s License - Practice Exam questions and answers.
[Show more]
Content preview
Adjuster Pro: IndianaAdjuster's License - Practice
Exam questions and answers
On January 27, 2008, Ryan was using an exercise
bike purchased from NusquamCycle when the chain
broke, causing him to fall and severely bruise his
knee. It seemed to heal just fine, but three years
later, on January 25, 2011, Ryan's knee gave out
while jogging. His doctor told him that he'll need
surgery and that this deterioration resulted from
the earlier accident with the exercise bike. Which
of the following CGL policies may cover Ryan's
claim filed January 25, 2011?
A. An occurrence policy from Jan 31 2011-Jan 31
2013
B. An occurrence policy from Feb 28 2008-Feb 28
2010
C. A claims-made policy from Jan 31 2008-Jan 31
2010
D. A claims-made policy from Jan 31 2009-Jan 31
2011 - answer D
Which of the following statements about Indiana's
approach to Workers' Comp insurance is true?
,A. WC is compulsory, and Indiana has no state WC
fund.
B. WC is elective, and Indiana has no state WC
fund.
C. WC is elective, and Indiana has a competitive
state WC fund.
D. WC is compulsory, and Indiana has a
monopolistic state WC fund. - answer A
Who is NOT eligible for a homeowners policy?
A. An owner of a home under construction
B. A person who owns and lives in his house
C. A tenant who rents a home or apartment
D. An owner of a house in which he does not live,
but rents to a tenant - answer D
Frank owns a bakery specializing in authentic
French bread. He uses two specialty ovens for his
daily production of French bread. If one of these
giant ovens were to break down, it would cost
Frank's bakery a lot of money to repair, not to
mention the loss of revenue caused by lower
production. On his Equipment Breakdown
Protection Form, each of Frank's ovens would be
considered:
A. a "peril."
B. an "object."
, C. a "machine."
D. a "liability." - answer B
A dwelling policy would NOT be appropriate for:
A. a duplex owned by an individual.
B. a single-family home wholly rented out.
C. a four-plex owned by a corporation.
D. a motorhome owned by an individual. - answer D
*Jane has a $150,000 homeowners policy with a 3%
percentage deductible. One night, an oven fire
destroys her kitchen, causing $50,000 in damage.
How much of the damage falls under Jane's
responsibility?
A. $4,500
B. $15,000
C. $3,600
D. $1,500 - answer A
All of the following pieces of information can be
found in the Conditions section of an insurance
policy, EXCEPT:
A. anything the insured must do for coverage to
remain in effect.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller BRAINBOOSTERS. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $15.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
73243 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now