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Adjuster Pro Practice Exam Questions and Answers 100% Solved | Graded A+
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Adjuster Pro Practice Exam Questions and Answers 100% Solved | Graded A+ Stu has a collection of rare comic books. He wants to purchase theft insurance for his collection, separate from his home and other property. What term most accurately describes the type of policy Stu would purchase? ...

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  • December 30, 2024
  • 44
  • 2024/2025
  • Exam (elaborations)
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Adjuster Pro Practice Exam Questions

and Answers 100% Solved | Graded A+


Stu has a collection of rare comic books. He wants to purchase theft

insurance for his

collection, separate from his home and other property. What term most

accurately

describes the type of policy Stu would purchase? - ✔✔Monoline Policy

Which of the following statements does NOT apply to the Standard Fire

Policy? - ✔✔It automatically covers wind and vandalism.

Which of the following refers to being restored to the financial condition you

were in

before a loss? - ✔✔Indemnification

The fee paid by the insured in exchange for an insurance policy is called a:

- ✔✔premium

Haley takes a bottle of water into a store, pours some of it on the floor

when no one is




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©NINJANERD 2025/2026. YEAR PUBLISHED 2025.

,looking, and then pretends to slip and fall. She cries out for help in

apparent pain

until someone comes to her aid. She then sues the store for her fake injury

in an

effort to collect an insurance settlement. What has Haley committed? -

✔✔Hard fraud

Which settlement option is most often used when a claimant misses work

because of

bodily injury, but a settlement has not yet been reached? - ✔✔Advance

payment settlement

Cindy and her insurer cannot reach an agreement for her property claim,

and have

gone back and forth for weeks without coming within $10,000 of each

other. At this

point, since both believe they are offering a fair settlement, a third party is

needed to

help facilitate the negotiation. Both parties still want to retain their ability to

"walkaway" if they cannot reach an agreement. What is the next best step

for Cindy and her insurer? - ✔✔Mediation



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©NINJANERD 2025/2026. YEAR PUBLISHED 2025.

,When Jeanette shows up to handle a claim on behalf of ABC Insurance,

she evaluates

the claim and negotiates a settlement. Maintaining her integrity and acting

ethically,

Jeanette is fulfilling her: - ✔✔fiduciary duty.

Many adjusters prefer arbitration to litigation, because professional

arbitrators tend to

be more ___________ than civil juries. - ✔✔knowledgeable

Which of the following is NOT true of the no-release settlement? - ✔✔It's

also called an "advance payment settlement."

Why should litigation be considered a last resort option? - ✔✔It can be

costly and unpredictable

Which of the following steps would occur LAST in the processing of a

claim? - ✔✔Negotiate a settlement with the claimant

As an adjuster for KLM Insurance, Chrystal has the important role of

fiduciary agent.

While acting in this capacity, Chrystal's primary responsibility is to: -

✔✔protect the financial and property interests of KLM Insurance




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©NINJANERD 2025/2026. YEAR PUBLISHED 2025.

, Bobby is adjusting a complicated auto claim. Which of the following is

TRUE? - ✔✔Because the policyholder (Jane) is 84 years old and seems to

have trouble remembering what

happened before the accident, Bobby should feel free to contact her 45-

year-old caretaker for

clarification.

Jim is an insurance adjuster working a theft claim. As part of his

investigation, Jim

might want to do all of the following, EXCEPT: - ✔✔look for ways to lower

the settlement for the claimant.

Adjuster Alice is trying to determine the final settlement amount for Ted's

claim. Ted's

house was damaged in a covered loss, and Alice has estimated that it will

cost

$25,000 to make the necessary repairs. Ted's homeowners policy has a

$100,000 limit

and a $2,000 deductible. Typically, how much would Adjuster Alice

calculate Ted's

final settlement amount to be? - ✔✔$23,000



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©NINJANERD 2025/2026. YEAR PUBLISHED 2025.

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