STUDY GUIDE CORRECTLY ANSWERED
EXAMINATION TEST 2026 QUESTIONS
WITH SOLUTIONS GRADED A+
⩥ Public adjuster compensation. Answer: receives compensation for
investigating, appraising, evaluating or otherwise giving advice or help
to an insured in the adjustment of a claim
⩥ License requirements individual. Answer: applicant must be 18 years,
trustworthy and competent, safeguard the interest of the public, pass a
written test, by the Commissioner, pay the required fee, (if you fail the
test must re-take after at least 14 days have passed),
⩥ License requirements for business. Answer: Business entity must must
be competent and trustworthy to conduct business as a public adjuster,
employ one or more individual licensed public adjusters, and pay the
license fee.
⩥ Licensing. Answer: applicant for an initial license shall file with the
Commissioner provides, name and address of applicant, the business in
which the applicant has been engaged in for the 5 years immediately
preceding the date of application, and if employed by another, the name
of each employer, if business entity applicant: name of individual
, licensed public adjuster employed by the business entity who is
designated to act as principal contact
⩥ License renewal. Answer: license expires at the end of every other
June 30, unless it is renewed for a 2-year term; at least one month before
a license expires, the commissioner shall mail to the holder of the license
at the last known address, renewal application form, application
considered timely if it's postmarked on or before June 30 of the year of
renewal
⩥ Reinstatement of License. Answer: For up to 1 year after the
expiration date, a person whose public adjuster license has expired may
reinstate the expired license by 1) filling with the Commissioner the
appropriate re-instatement application, 2) reinstatement fee of $100. If a
person applies for reinstatement of an expired licensed within 60 days
after the licensed expired, the Commissioner shall reinstate the license
retroactively with reinstatement effective on the date that the person's
license expired.
you can't act as a PA if it's expired,
⩥ Failure to reinstate for one year. Answer: a person who doesn't comply
on or before year 1, after the expiration date shall apply meet the
requirements specified by the commission - initial license.
⩥ license violations penalty. Answer: Instead of or in addition to
suspending or revoking a license, the Commissioner may impose on the
license a penalty of not less than $100 but not more than $500 for each