Claims Adjuster Final
(Multiple Choice Questions)
Exam
2026
Questions and Answers
(A+ Grade Guarantee)
, Claims Adjuster Final (Multiple Choice Questions)
Study online at https://quizlet.com/_5wep46
1. An adjuster is a fiduciary agent with a responsibility The insured and insurer
of loyalty to the interest of
2. An insurer gives which of the following as Considera- A Promise
tion for an insurance policy?
3. The interest of the insured and all other persons in A Proof of Loss
the property involved in a claim is
found in
4. An insured rear-ends another driver's vehicle. The Liability Policy
auto policy that pays damages to
repair the damaged vehicle is a _______?
5. Your insurance company wrote an auto insurance 5 days notice required
binder for an owner who said that he
did not have any prior accidents. Immediately there-
after it was discovered that he did not
tell the truth. The company now wants to cancel the
binder as quickly as possible. What
is true?
6. For insurance to pay damages, an insurable interest When the loss takes place
must exist:
7. Texting while driving is best described as a: Hazard
8. A covered loss is $90,000. Policy A has a limit of $60,000
$100,000. Policy B has a limit of
$200,000. Both policies are pro-rata policies. How
much will policy B pay for this loss?
9. Purchaser's policy
2026
, Claims Adjuster Final (Multiple Choice Questions)
Study online at https://quizlet.com/_5wep46
I sold my home yesterday, signed a deed and trans-
ferred title. Last night there was a
house fire. I had not yet cancelled my homeowner's
insurance. The purchaser also had a
homeowner's policy. Which policy should pay to pay
the claim?
10. Giving prompt notice of loss is best described as a Condition
policy:
11. If there is a total loss by an insured peril to a FL Actual Cash Value
building, the insurer must pay:
12. A Loss Payable Clause refers to Lenders interest in person-
al property
13. My coin collection was appraised and my insurance A Valued Policy
company specifically insured the
valued of that collection. That is an example of:
14. An insurance contract is based on the Principle of: Utmost Good Faith
15. The two kinds of waivers are: express and implied
16. Proximate Cause is the unbroken connection be- Damages
tween the occurrence and ____ that
grows out of the occurrence.
17. Which loss settlement valuation may be a violation of Replacement Cost
the Principle of Indemnity?
18. If the policy limit is $60,000; 80% coinsurance require- $45,000
ment; loss of $60,000 and the
2026
(Multiple Choice Questions)
Exam
2026
Questions and Answers
(A+ Grade Guarantee)
, Claims Adjuster Final (Multiple Choice Questions)
Study online at https://quizlet.com/_5wep46
1. An adjuster is a fiduciary agent with a responsibility The insured and insurer
of loyalty to the interest of
2. An insurer gives which of the following as Considera- A Promise
tion for an insurance policy?
3. The interest of the insured and all other persons in A Proof of Loss
the property involved in a claim is
found in
4. An insured rear-ends another driver's vehicle. The Liability Policy
auto policy that pays damages to
repair the damaged vehicle is a _______?
5. Your insurance company wrote an auto insurance 5 days notice required
binder for an owner who said that he
did not have any prior accidents. Immediately there-
after it was discovered that he did not
tell the truth. The company now wants to cancel the
binder as quickly as possible. What
is true?
6. For insurance to pay damages, an insurable interest When the loss takes place
must exist:
7. Texting while driving is best described as a: Hazard
8. A covered loss is $90,000. Policy A has a limit of $60,000
$100,000. Policy B has a limit of
$200,000. Both policies are pro-rata policies. How
much will policy B pay for this loss?
9. Purchaser's policy
2026
, Claims Adjuster Final (Multiple Choice Questions)
Study online at https://quizlet.com/_5wep46
I sold my home yesterday, signed a deed and trans-
ferred title. Last night there was a
house fire. I had not yet cancelled my homeowner's
insurance. The purchaser also had a
homeowner's policy. Which policy should pay to pay
the claim?
10. Giving prompt notice of loss is best described as a Condition
policy:
11. If there is a total loss by an insured peril to a FL Actual Cash Value
building, the insurer must pay:
12. A Loss Payable Clause refers to Lenders interest in person-
al property
13. My coin collection was appraised and my insurance A Valued Policy
company specifically insured the
valued of that collection. That is an example of:
14. An insurance contract is based on the Principle of: Utmost Good Faith
15. The two kinds of waivers are: express and implied
16. Proximate Cause is the unbroken connection be- Damages
tween the occurrence and ____ that
grows out of the occurrence.
17. Which loss settlement valuation may be a violation of Replacement Cost
the Principle of Indemnity?
18. If the policy limit is $60,000; 80% coinsurance require- $45,000
ment; loss of $60,000 and the
2026
