NM ADJUSTER ACTUAL EXAM PAPER 2026 QUESTIONS
WITH ANSWERS GRADED A+
● 40 hours. Answer: How many hours is the course?
● 150. Answer: How many questions are on the test?
● Adjuster. Answer: An individual who, as an independent contractor, or as an employee of
an independent contractor
● Independent adjuster. Answer: An individual who contracts as an independent contractor
to an adjusting/staffing company and handles claims for insurance companies. Most IA's will
not have draft authority and or decision making authority regarding coverage issues. Paid per
claim
● Public adjuster. Answer: Adjusters that represent the insured by negotiating claims with
the insurance company. PA's can be helpful at times when the insured is not familiar with the
insurance policy or claim procedures. If PA represents an insured, the IA or staff adjuster
cannot discuss the claims with the insured and most direct all correspondence through the
PA.
● Staff adjuster. Answer: Adjusters who work exclusively for an insurance company. Staff
adjusters are usually full time employees dedicated to one insurance carrier. Employees can
be salaried with full benefits.
● Insured. Answer: A person or organization covered by an insurance policy
● Insurer. Answer: Any insurance company or self insured. An organization or entity that
facilitates the pooling of funds and the payment of benefits
● Claimant. Answer: A person or organization making a claim against an insured
● Provider. Answer: An individual or organization including a corporation, partnership,
depository institution, insurance company, or entity chartered by the Farm Credit
Administration as defined in the insurance code registered with the department to offer
continuing education courses for licenses and/or pre licensing instruction for adjusters
● Property casualty and surety. Answer: What is the minimum license required?
WITH ANSWERS GRADED A+
● 40 hours. Answer: How many hours is the course?
● 150. Answer: How many questions are on the test?
● Adjuster. Answer: An individual who, as an independent contractor, or as an employee of
an independent contractor
● Independent adjuster. Answer: An individual who contracts as an independent contractor
to an adjusting/staffing company and handles claims for insurance companies. Most IA's will
not have draft authority and or decision making authority regarding coverage issues. Paid per
claim
● Public adjuster. Answer: Adjusters that represent the insured by negotiating claims with
the insurance company. PA's can be helpful at times when the insured is not familiar with the
insurance policy or claim procedures. If PA represents an insured, the IA or staff adjuster
cannot discuss the claims with the insured and most direct all correspondence through the
PA.
● Staff adjuster. Answer: Adjusters who work exclusively for an insurance company. Staff
adjusters are usually full time employees dedicated to one insurance carrier. Employees can
be salaried with full benefits.
● Insured. Answer: A person or organization covered by an insurance policy
● Insurer. Answer: Any insurance company or self insured. An organization or entity that
facilitates the pooling of funds and the payment of benefits
● Claimant. Answer: A person or organization making a claim against an insured
● Provider. Answer: An individual or organization including a corporation, partnership,
depository institution, insurance company, or entity chartered by the Farm Credit
Administration as defined in the insurance code registered with the department to offer
continuing education courses for licenses and/or pre licensing instruction for adjusters
● Property casualty and surety. Answer: What is the minimum license required?
