PUBLIC ADJUSTER
PUBLIC ADJUSTER
Study online at https://quizlet.com/_jl3dfm
1. Program Trigger for terrorist acts must • $100,000,000
cause a collective damage in excess of?
2. TF A public adjuster may own no more • F
than 50% in a salvage or similar busi-
ness?
3. General Average • Loss shared by all parties
4. Particular Average • Only one party shares in the loss.
5. In a home owner policy there is no de- • Liability Coverage
ductible for
6. In BOP covered property is listed and • Declarations page
described in what part of the contract?
7. What is not eligible for coverage under Poultry
a livestock floater?
8. What type of carrier must assume the Common carriers
broadest liability under common law?
9. Named insured is never a _______? Lien Holder. Must have insurable interest in the
property.
10. How much extra coverage does the BOP $10,000
allow for building code updates on a
loss?
11. HO-3 only covers ___________ for jewelry? Actual Cash Value
12. Promise by one party that is conditioned Aleatory
on an uncertain event and where the
1 of 15
, PUBLIC ADJUSTER
PUBLIC ADJUSTER
Study online at https://quizlet.com/_jl3dfm
value given by each party is unequal is
called?
13. An insurer has ________ days to complete 30 days
their investigation of a claim?
14. Farm insurance coverage G covers? Silos
15. Under equipment breakdown coverage, 24 months.
the full replacement cost will be provid-
ed if the equipment is repaired in what
time period after a loss?
16. In the newest edition of the commercial Vegetated roofs
property form, what is now considered
part of the building?
17. Which Dwelling forms provide broad DP-2 and DP-3
form coverage for personal property?
18. The homeowner personal property re- Used clothing
placement cost endorsement would pay
replacement cost for ___________?
19. An insurer must acknowledge receipt of 10
a claim within _______ working days?
20. An insurance contract is considered 4 Aleatory
things Unilateral
Adhesive
Conditional
21. Admitted insurers must be financially 5 years.
examined by the Pennsylvania Depart-
2 of 15
PUBLIC ADJUSTER
Study online at https://quizlet.com/_jl3dfm
1. Program Trigger for terrorist acts must • $100,000,000
cause a collective damage in excess of?
2. TF A public adjuster may own no more • F
than 50% in a salvage or similar busi-
ness?
3. General Average • Loss shared by all parties
4. Particular Average • Only one party shares in the loss.
5. In a home owner policy there is no de- • Liability Coverage
ductible for
6. In BOP covered property is listed and • Declarations page
described in what part of the contract?
7. What is not eligible for coverage under Poultry
a livestock floater?
8. What type of carrier must assume the Common carriers
broadest liability under common law?
9. Named insured is never a _______? Lien Holder. Must have insurable interest in the
property.
10. How much extra coverage does the BOP $10,000
allow for building code updates on a
loss?
11. HO-3 only covers ___________ for jewelry? Actual Cash Value
12. Promise by one party that is conditioned Aleatory
on an uncertain event and where the
1 of 15
, PUBLIC ADJUSTER
PUBLIC ADJUSTER
Study online at https://quizlet.com/_jl3dfm
value given by each party is unequal is
called?
13. An insurer has ________ days to complete 30 days
their investigation of a claim?
14. Farm insurance coverage G covers? Silos
15. Under equipment breakdown coverage, 24 months.
the full replacement cost will be provid-
ed if the equipment is repaired in what
time period after a loss?
16. In the newest edition of the commercial Vegetated roofs
property form, what is now considered
part of the building?
17. Which Dwelling forms provide broad DP-2 and DP-3
form coverage for personal property?
18. The homeowner personal property re- Used clothing
placement cost endorsement would pay
replacement cost for ___________?
19. An insurer must acknowledge receipt of 10
a claim within _______ working days?
20. An insurance contract is considered 4 Aleatory
things Unilateral
Adhesive
Conditional
21. Admitted insurers must be financially 5 years.
examined by the Pennsylvania Depart-
2 of 15
