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Maine Property &Casualty Adjuster Exam Prep questions fully solved & updated 2025
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Maine Property &Casualty Adjuster Exam Prep questions fully solved & updated 2025
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Maine Property &CasualtyAdjuster Exam Prep questions
fully solved & updated 2025
What is the interest rate for claims not paid and over 30 days? -
answer 1 ½ % per month
A CEO is piloting a rented aircraft and injures someone. What kind
of coverage is this
covered under? - answer Non-owned aircraft coverage
How are wages computed for workers compensation? - answer 2/3
of average after take weekly wages
A company sells costume jewelry ranging in price from $1.00 to
$5.00 and has had $10,000.00 in jewelry stolen. Assuming there is
no deductible and the coinsurance clause has been met, what would
they be covered for? - answer $10,000
A vendor ships goods to the buyer to Syracuse, NY, who should carry
the insurance? - answer Common Carrier coverage applies
A personal vehicle is transferred on a boat from Portland, ME to
Nova Scotia, the boat collides with another boat and sinks? If the
insured has a personal auto policy, what would this be covered
under? - answer Other than Collision coverage
Under Workers Compensation Law, immediate interest does not
need to be paid on what? - answer Provisional Order
,What is the regular waiting period for workers compensation in
Maine (not the firefighter waiting period)? - answer 7 days
What is not considered a fringe benefit in workers compensation? -
answer Uniforms
Who does garage keeper's liability cover? - answer auto repair
shops, service stations, valets, parking lots, garages
What is considered a "family member" under insurance? - answer
blood relatives, by marriage, by adoption including wards and foster
children
Who is considered an "employee" under workers compensation law?
- answer see Maine workers comp laws/rules on State of Maine
website
Who is considered a "seasonal" worker? - answer Logger
A Standard Fire Policy with no endorsement covers what? - answer
Smoke
How is debris removal covered under a DP-1 policy? - answer
Included in the limit of liability
If a person test drives a vehicle with no intent of purchasing and
drives it to Canada, what coverage would the dealer need to cover
this loss? - answer Drive Other Car Coverage
What kind of vehicle is NOT covered a homeowners (HO) policy? -
answer A non-registered vehicle used by the insured off of the
insured's premises
, Is vacant land the insured owns or rents covered under an HO
policy? - answer Yes
If an insured and insurer do not agree on the amount of the loss,
what is the next step? - answer Insured and insurer each select
their own appraisers
Who choose an umpire on a claim? And if an umpire cannot be
agreed upon who chooses? - answer Appraiser; Mediator
What does Directors and Officers Liability coverage do? - answer It
covers an individual director/officer of a corporation for wrongful
acts with in official
duty.
If a manager of a grocery store injures a customer with a shopping
cart, what coverage
would apply? - answer Premises and Operations
How long does a insured have to file a lawsuit against a company
under casualty
coverage? - answer Two (2) years
Under Maine Tort Law, a governmental entity would be liable for
what? - answer Failing to add a barrier to construction site (i.e. on
a sidewalk)
What does workers compensation cover (generally)? - answer
Covers wages for those who have to remain out of work due to a
work related injury
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