Adjuster Pro: Indiana Adjuster's License –
Practice Exam Questions and answers with
100% Complete solutions | verified
&updated 2024| Graded 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.
B. what the insured must do in the event of a lawsuit.
C. the insured's duties after a loss.
D. causes of loss that are not covered. - ✔✔D
A few weeks ago Christopher's garage was destroyed by an out-of-control motorist.
Fortunately, the motorist had sufficient liability insurance to cover the damages.
However, the insurer insists that Christopher's garage is worth far less than the
appraisals he has received from contractors. Christopher and the insurer
,have gone back and forth in negotiations for weeks, making little headway.
Christopher decides it's time to:
A. issue an answer for the policyholder.
B. issue a judgment.
C. issue a complaint against the policyholder.
D. issue a reservation of rights. - ✔✔C
Which of the following may be covered under an Equipment Breakdown
Protection Coverage Form?
A. Self-propelled equipment
B. Dragline, excavation, and construction equipment
C. Equipment built to operate under internal pressure or vacuum
D. Equipment used solely for therapeutic or surgical purposes - ✔✔C
Jim drops his car off at ABC Garage to have his exhaust system repaired and takes
the train to work. When he returns, he finds that his car has been vandalized. Jim
, has comprehensive coverage, but feels the garage is responsible for the
damage since Jim entrusted the car to ABC Garage. Which coverage type under
ABC's garagekeepers policy would cover any part of the loss that Jim's policy
does not cover?
A. Direct Primary Coverage
B. Excess Comprehensive Coverage
C. Direct Excess Coverage
D. General Liability Coverage - ✔✔C
Clara plays the harp in an orchestra. Her harp cost $12,000, and she had it for 5
years before it was stolen from her locker at a symphony hall. She recently found
out a new harp will cost $15,000. Assuming her harp depreciated at $1,000 a year,
how much will an actual cash value policy indemnify Clara?
A. $7,000- ACV pays the original amount paid minus depreciation
B. $12,000- ACV pays the original amount paid for the item
C. $15,000 - ACV pays the current market value
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 Examsplug. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.24. You're not tied to anything after your purchase.
