Insurance Adjuster Exam 2026/2027 A+ Grade Questions and Answers
Complete Study Guide
Which kind of losses are covered under a standard fire policy? - (answer)Direct
All fires are not covered by the Standard Fire policies, only those that: - (answer)are hostile and have a
flame or glow
At what time does a fire policy go into affect? - (answer)12:01am standard time at the location of the
insured's property
A property is insured under two Standard Fire policies for $25,000 each. A fire causes $10,000 worth of
damage. What is the maximum amount the insured may collect under each policy? - (answer)$5,000
A fire burning in the middle of the living room would be considered: - (answer)a hostile fire
An insured's house is damaged by fire caused by a neighbor's negligence. The insurance company will
attempt to recover damage from the neighbor. This is called: - (answer)subrogation
Which of the following statements are true concerning requirements of the standard fire policy? -
(answer)The insured must separate damaged from undamaged property in the event there is a loss AND
If a loss occurs, the insured normally has 60 days to file a proof of loss with the insurer
Which types of property are excluded from coverage under the basic fire policy? - (answer)accounts,
currency, deeds, and securities
Who is insured under the Standard Fire policy? - (answer)the named insured and his legal
representatives
An agreement which affords temporary insurance protection until the policy is issued is called: -
(answer)a binder
,Insurance Adjuster Exam 2026/2027 A+ Grade Questions and Answers
Complete Study Guide
as a general rule, a complete fire insurance policy would be made up of: - (answer)the Standard Fire
policy with one or more forms attached
The one condition listed below which will not void a fire policy:
a) false swearing
b) misrepresentation
c) over-insurance
d) concealment - (answer)over-insurance
replacement cost minus depreciation: - (answer)Actual Cash Value (ACV)
The Standard Fire policy with an extended coverage endorsement attached covers which of the
following: - (answer)riot
A loss due to order of Civil Authority: - (answer)is excluded unless the loss occurs because of an order by
Civil Authorities for the purpose of controlling a fire
The term "unoccupancy" refers to the absence of : - (answer)persons from a building
Suppose a fire occurs on February 26th. On April 30th, the insurance company notifies the mortgagee
the insured has not filed a proof of loss. To protect their interest, the mortgagee must file a proof of loss
within _________ days after what date? - (answer)60 days after April 30th
For recovery under the Standard Fire policy, a party must: - (answer)be named in the policy and show an
insurable interest in the property at the time the loss occurs
What is the requirement on how much experience one must have to be elected the insurance
commissioner in Georgia? - (answer)None
, Insurance Adjuster Exam 2026/2027 A+ Grade Questions and Answers
Complete Study Guide
Once elected, how long is the insurance commissioner's term? - (answer)4 years
Is there a limit on the number of terms an insurance commissioner can serve? - (answer)No
Who is Georgia's current insurance commissioner? - (answer)Ralph Hudgens
What two capacities does Georgia's insurance commissioner serve? - (answer)1. Chief Officer of
Insurance Dept.
2. Chief Fire Marshall
What happens if the Insurance Commissioner has to resign early? - (answer)No election; the Chief
Deputy will take over
What is the requirement to serve as Chief Deputy in Georgia? - (answer)must have a bond in the amount
of $15,000
If you are a domestic insurer in Georgia, how often does code say your financials must be examined? -
(answer)once every 5 years
Only one court in Georgia has the right to overturn the decision of the Insurance Commissioner. Which is
it? - (answer)Superior Court of Fulton County
What certificate is required for a company to be an authorized insurer in Georgia? - (answer)Certificate
of Authority
Surplus Lines Risk - (answer)has been rejected by 3 authorized insurers
What is the primary reason the state of Georgia would revoke an insurance company's certificate to
authorize? - (answer)if they're under financial distress
Complete Study Guide
Which kind of losses are covered under a standard fire policy? - (answer)Direct
All fires are not covered by the Standard Fire policies, only those that: - (answer)are hostile and have a
flame or glow
At what time does a fire policy go into affect? - (answer)12:01am standard time at the location of the
insured's property
A property is insured under two Standard Fire policies for $25,000 each. A fire causes $10,000 worth of
damage. What is the maximum amount the insured may collect under each policy? - (answer)$5,000
A fire burning in the middle of the living room would be considered: - (answer)a hostile fire
An insured's house is damaged by fire caused by a neighbor's negligence. The insurance company will
attempt to recover damage from the neighbor. This is called: - (answer)subrogation
Which of the following statements are true concerning requirements of the standard fire policy? -
(answer)The insured must separate damaged from undamaged property in the event there is a loss AND
If a loss occurs, the insured normally has 60 days to file a proof of loss with the insurer
Which types of property are excluded from coverage under the basic fire policy? - (answer)accounts,
currency, deeds, and securities
Who is insured under the Standard Fire policy? - (answer)the named insured and his legal
representatives
An agreement which affords temporary insurance protection until the policy is issued is called: -
(answer)a binder
,Insurance Adjuster Exam 2026/2027 A+ Grade Questions and Answers
Complete Study Guide
as a general rule, a complete fire insurance policy would be made up of: - (answer)the Standard Fire
policy with one or more forms attached
The one condition listed below which will not void a fire policy:
a) false swearing
b) misrepresentation
c) over-insurance
d) concealment - (answer)over-insurance
replacement cost minus depreciation: - (answer)Actual Cash Value (ACV)
The Standard Fire policy with an extended coverage endorsement attached covers which of the
following: - (answer)riot
A loss due to order of Civil Authority: - (answer)is excluded unless the loss occurs because of an order by
Civil Authorities for the purpose of controlling a fire
The term "unoccupancy" refers to the absence of : - (answer)persons from a building
Suppose a fire occurs on February 26th. On April 30th, the insurance company notifies the mortgagee
the insured has not filed a proof of loss. To protect their interest, the mortgagee must file a proof of loss
within _________ days after what date? - (answer)60 days after April 30th
For recovery under the Standard Fire policy, a party must: - (answer)be named in the policy and show an
insurable interest in the property at the time the loss occurs
What is the requirement on how much experience one must have to be elected the insurance
commissioner in Georgia? - (answer)None
, Insurance Adjuster Exam 2026/2027 A+ Grade Questions and Answers
Complete Study Guide
Once elected, how long is the insurance commissioner's term? - (answer)4 years
Is there a limit on the number of terms an insurance commissioner can serve? - (answer)No
Who is Georgia's current insurance commissioner? - (answer)Ralph Hudgens
What two capacities does Georgia's insurance commissioner serve? - (answer)1. Chief Officer of
Insurance Dept.
2. Chief Fire Marshall
What happens if the Insurance Commissioner has to resign early? - (answer)No election; the Chief
Deputy will take over
What is the requirement to serve as Chief Deputy in Georgia? - (answer)must have a bond in the amount
of $15,000
If you are a domestic insurer in Georgia, how often does code say your financials must be examined? -
(answer)once every 5 years
Only one court in Georgia has the right to overturn the decision of the Insurance Commissioner. Which is
it? - (answer)Superior Court of Fulton County
What certificate is required for a company to be an authorized insurer in Georgia? - (answer)Certificate
of Authority
Surplus Lines Risk - (answer)has been rejected by 3 authorized insurers
What is the primary reason the state of Georgia would revoke an insurance company's certificate to
authorize? - (answer)if they're under financial distress
