WV Adjuster Test Questions and Answers
What is the definition of a public adjuster? - Ans:-An adjuster who works for the insured
If an insurance company is fined (max $1000) by commissioner, how many days do they have to pay or
appeal the fine? - Ans:-30 Days
Subrogation occurs when? - Ans:-The...
Driver B loses control of his vehicle and strikes Driver A. Under what theory does Driver A collect
damages from Driver B? - Ans:✔✔-Legal Liability
There are 3 home owners policies in effect, which all apply to a single loss. The policies provide the
following amounts of coverage.
Company A 50,000
Company B 40,000
Company C 10,000
The insured suffered a $10,000 loss to his home. What amount will Company C pay? - Ans:✔✔-$1,000
How long does an insurance company have to give a 3rd party claimant, who is not an attorney, nor
represented by an attorney, written notice that the claimants rights may be affected by a statue of
limitations or a policy or contract time limit? - Ans:✔✔-60 Days
An insured has his vehicle stolen. When recovered there was $2,000 damage, due to collision and $450
in stolen hubcaps. There is a $200 collision deductible and a $100 comprehensive deductible. What is
the maximum amount the insured will pay? - Ans:✔✔-Add up all the damages and then subtract the
comprehensive deductible.
What is the purpose of WVs guaranty association? - Ans:✔✔-To pay claims when the insurer has become
insolvent
Page 2/13
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 GraceAmelia. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.99. You're not tied to anything after your purchase.
