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Adjuster Pro: Indiana Adjuster's License - Practice Exam Q&A 100% Solved | Rated A+
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Adjuster Pro: Indiana Adjuster's License - Practice Exam Q&A 100% Solved | Rated A+ On January 27, 2008, Ryan was using an exercise bike purchased from NusquamCycle when the chain broke, causing him to fall and severely bruise his knee. It seemed to heal just fine, but three years later, o...

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  • December 30, 2024
  • 22
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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Adjuster Pro: Indiana Adjuster's License

- Practice Exam Q&A 100% Solved |

Rated A+


On January 27, 2008, Ryan was using an exercise bike purchased from

NusquamCycle when the chain broke, causing him to fall and severely

bruise his knee. It seemed to heal just fine, but three years later, on

January 25, 2011, Ryan's knee gave out while jogging. His doctor told him

that he'll need surgery and that this deterioration resulted from the earlier

accident with the exercise bike. Which of the following CGL policies may

cover Ryan's claim filed January 25, 2011?

A. An occurrence policy from Jan 31 2011-Jan 31 2013

B. An occurrence policy from Feb 28 2008-Feb 28 2010

C. A claims-made policy from Jan 31 2008-Jan 31 2010

D. A claims-made policy from Jan 31 2009-Jan 31 2011 - ✔✔D

Which of the following statements about Indiana's approach to Workers'

Comp insurance is true?

A. WC is compulsory, and Indiana has no state WC fund.

1
©NINJANERD 2025/2026. YEAR PUBLISHED 2025.

,B. WC is elective, and Indiana has no state WC fund.

C. WC is elective, and Indiana has a competitive state WC fund.

D. WC is compulsory, and Indiana has a monopolistic state WC fund. -

✔✔A

Who is NOT eligible for a homeowners policy?

A. An owner of a home under construction

B. A person who owns and lives in his house

C. A tenant who rents a home or apartment

D. An owner of a house in which he does not live, but rents to a tenant -

✔✔D

Frank owns a bakery specializing in authentic French bread. He uses two

specialty ovens for his daily production of French bread. If one of these

giant ovens were to break down, it would cost Frank's bakery a lot of

money to repair, not to mention the loss of revenue caused by lower

production. On his Equipment Breakdown Protection Form, each of Frank's

ovens would be considered:

A. a "peril."

B. an "object."

C. a "machine."

D. a "liability." - ✔✔B

2
©NINJANERD 2025/2026. YEAR PUBLISHED 2025.

, A dwelling policy would NOT be appropriate for:

A. a duplex owned by an individual.

B. a single-family home wholly rented out.

C. a four-plex owned by a corporation.

D. a motorhome owned by an individual. - ✔✔D

*Jane has a $150,000 homeowners policy with a 3% percentage

deductible. One night, an oven fire destroys her kitchen, causing $50,000 in

damage. How much of the damage falls under Jane's responsibility?



A. $4,500

B. $15,000

C. $3,600

D. $1,500 - ✔✔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



3
©NINJANERD 2025/2026. YEAR PUBLISHED 2025.

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