WEBCE FL ADJUSTER TEST WITH CORRECT
QUESTIONS AND ANSWERS
Adjuster2moves2states,2how2long2to2notify2dept2of2financial2services?2-2answer-302days
Vacant2or2unoccupied2house2is2vandalized,2will2property2insurance2cover2it?2-2answer-
No,2policy2reduces2coverage2if2the2building2is2vacant2or2unoccupied2for2602days
When2considering2depreciation,2adjusters2consider2these2factors2-2answer-
Physical2deterioration,2functional2obsolescence,2and2future2life2expectancy
Not2reporting2a2claim2within2the2policy2timeframe2breaks2the2-2answer-
Conditional2contract2of2the2policy
Adjusters2keep2complete2and2accurate2claim2files2for2these2reasons:2-2answer-
Record2activities2that2occur2during2adjustment,2permit2others2to2service2the2claim2if2the2
adjuster2is2unavailable,2support2denial2of2the2claim
What2is2the2role2of2a2primary2care2physician2(PCP)2in2managed2care2plans?2-2answer-
Coordinate2member's2health2care2treatment2and2access2to2medical2specialists2in2the2n
etwork
Individual2short2term2disability2plans2pay2up2to2-2answer-22years
In2which2case2would2the2applicant2be2eligible2for2coverage2through2an2insurer2in2the2re
sidual2insurance2market2-2answer-
The2applicant2is2entitled2to2insurance2but2cannot2buy2it2through2the2voluntary2market.
Failing2to2promptly2settle2a2claim2for2which2liability2is2uncertain2is2not2an2-2answer-
Unfair2claims2settlement2practice
PAP2allows2a2leased2vehicle2to2be2on2the2declaration2list2of2a2policy2if2it2is2leased2to2the
2named2insured2for2how2many2months2-2answer-62months
If2a2bank's2counterfeit2money2insuring2agreement2covers2a2loss2for2accepting2counterfei
t2money2in2another2country2it2must2have2-2answer-A2branch2office2in2that2country
What2organization2developed2a2standard2workers2comp2and2employers2liability2insuran
ce2policy2used2in2most2stated?2-2answer-National2Workers2Compensation2Organization
compulsory2no-fault2laws2-2answer-
State2laws2that2restrict2an2injured2party's2right2to2sue2another2driver2under2tort2law2until2
a2specific2threshold2of2damages2is2surpassed
QUESTIONS AND ANSWERS
Adjuster2moves2states,2how2long2to2notify2dept2of2financial2services?2-2answer-302days
Vacant2or2unoccupied2house2is2vandalized,2will2property2insurance2cover2it?2-2answer-
No,2policy2reduces2coverage2if2the2building2is2vacant2or2unoccupied2for2602days
When2considering2depreciation,2adjusters2consider2these2factors2-2answer-
Physical2deterioration,2functional2obsolescence,2and2future2life2expectancy
Not2reporting2a2claim2within2the2policy2timeframe2breaks2the2-2answer-
Conditional2contract2of2the2policy
Adjusters2keep2complete2and2accurate2claim2files2for2these2reasons:2-2answer-
Record2activities2that2occur2during2adjustment,2permit2others2to2service2the2claim2if2the2
adjuster2is2unavailable,2support2denial2of2the2claim
What2is2the2role2of2a2primary2care2physician2(PCP)2in2managed2care2plans?2-2answer-
Coordinate2member's2health2care2treatment2and2access2to2medical2specialists2in2the2n
etwork
Individual2short2term2disability2plans2pay2up2to2-2answer-22years
In2which2case2would2the2applicant2be2eligible2for2coverage2through2an2insurer2in2the2re
sidual2insurance2market2-2answer-
The2applicant2is2entitled2to2insurance2but2cannot2buy2it2through2the2voluntary2market.
Failing2to2promptly2settle2a2claim2for2which2liability2is2uncertain2is2not2an2-2answer-
Unfair2claims2settlement2practice
PAP2allows2a2leased2vehicle2to2be2on2the2declaration2list2of2a2policy2if2it2is2leased2to2the
2named2insured2for2how2many2months2-2answer-62months
If2a2bank's2counterfeit2money2insuring2agreement2covers2a2loss2for2accepting2counterfei
t2money2in2another2country2it2must2have2-2answer-A2branch2office2in2that2country
What2organization2developed2a2standard2workers2comp2and2employers2liability2insuran
ce2policy2used2in2most2stated?2-2answer-National2Workers2Compensation2Organization
compulsory2no-fault2laws2-2answer-
State2laws2that2restrict2an2injured2party's2right2to2sue2another2driver2under2tort2law2until2
a2specific2threshold2of2damages2is2surpassed