Georgia Adjuster (Property and Casualty) Mock Exam Question and Answers [100% Correct] 2025/2026 (Updated Policies)
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Course
Georgia claims adjuster
Institution
Georgia Claims Adjuster
Georgia Adjuster (Property and Casualty)
Mock Exam Question and Answers [100%
Correct] 2025/2026 (Updated Policies)
What is the term used for the policyholder's right to transfer the interest in an insurance policy to
another party, contingent upon the insurer’s written consent?
Assig...
Georgia Adjuster (Property and Casualty)
Mock Exam Question and Answers [100%
Correct] 2025/2026 (Updated Policies)
What is the term used for the policyholder's right to transfer the interest in an insurance policy to
another party, contingent upon the insurer’s written consent?
Assignment
Under Georgia law, what is the minimum amount of time an insurer must provide notice for the
cancellation of a policy due to non-payment of premiums?
10 days
In property insurance, what term refers to the initial amount paid out of pocket by the insured before
the insurer covers the remaining loss?
Deductible
A policyholder files a claim for hail damage to their roof. The insurer determines that the roof's
depreciation value is $2,000, but the replacement cost is $10,000. If the policy includes a replacement
cost value clause, what amount will the insurer pay?
$10,000
What provision in a Georgia property insurance policy defines how the insurer may investigate, settle,
and pay a claim?
Claims Settlement Clause
If a Georgia property adjuster improperly negotiates or settles a claim without proper authorization,
what is this practice considered?
Unauthorized Practice of Law
1
,A policyholder sues a negligent third party who caused damage to their insured property. After being
compensated by their insurer, what legal right does the insurer have against the third party?
Subrogation
In property and casualty insurance, what term describes the cause of a loss, such as fire, theft, or flood?
Peril
What type of insurance policy covers legal costs and damages resulting from negligence in providing
professional services?
Professional Liability Insurance
An insured building is vacant for over 60 days, during which time it suffers vandalism damage. According
to most standard property insurance policies, what is the status of coverage for this damage?
It is excluded
Georgia law mandates that property adjusters maintain records of transactions and claims for what
minimum period of time?
Five years
What term describes the adjustment made to a claim based on the appreciation or depreciation of the
insured item’s value over time?
Actual Cash Value
An insurance company in Georgia plans to increase the premium on a homeowner's policy due to risk
reassessment. How many days' notice must be given to the policyholder?
30 days
Under Georgia law, if a property and casualty adjuster is handling claims in bad faith, what is a possible
consequence?
License suspension or revocation
2
, The type of insurance policy that covers a wide range of risks to property, such as fire, theft, and weather
damage, is known as what?
Comprehensive Property Policy
A liability insurance policy pays for a covered claim but also extends to cover defense costs. This
characteristic is known as:
Duty to Defend
When an insured fails to disclose relevant facts during the policy application process, it may lead to what
consequence for the policy?
Rescission of the policy
The standard homeowner's policy typically excludes coverage for what type of loss?
Earthquake damage unless endorsed
A Georgia insurer may deny a claim for failure to provide timely notice of a loss unless the insured can
show what?
That the delay did not prejudice the insurer
In a property insurance claim, the term used to describe the cost to repair or replace property using
similar materials and quality without considering depreciation is what?
Replacement Cost
Georgia adjusters must avoid engaging in deceptive acts in their work, which may include
misrepresentation of policy terms. This falls under the regulation of:
Unfair Claims Settlement Practices
The insured’s share in a loss after exceeding the policy’s deductible is known as:
Co-insurance
3
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