Rhode Island Adjuster's Exam 2023 with complete solution
ten days
How many days does the insurer have to send out forms when notified of accident?
12:01 am
At what time is the policy effective?
25/50/25
What are the financial responsibility limits in Rhode Island?
subrogation
By virtue of payment, the insurance company assumes the rights of the insured to
pursue the responsible party for damages only to the extent of the insurance company's
payment, and as a service, the insurance company will attempt to recover the insured's
deductible. What does this describe?
arbitration
When companies cannot come to a decision of who is liable and responsible for
damages, what process solves this problem?
indemnification
What happens when an insurance company brings you back to your condition before
the loss occurs?
$0.00
If the insured has an auto policy with $50,000 liability coverage and sees a neighbor he
dislikes and runs the neighbor's foot over, how much would the insurer pay?
Toyota's insurer
Insured's Honda Accord is in body shop so he borrows a friend's Toyota Corolla and
gets into an accident and both have a PAP. What company would pay for the friend's
car?
collision with a shopping cart
What is NOT a comprehensive loss?
windstorm
What is covered after a hurricane?
binder
What is used until a policy is used?
insurance commissioner
Who can revoke an adjuster's license?
locus diagram and photographs
What is the most important thing for an adjuster to take in an investigation?
PD with no deductible
If the Insured goes to Florida on vacation and rents a car and is involved in an accident
but has a Rhode Island PAP, how would the claim be paid?
nothing
The FBI breaks down a door and the insured is arrested and charged for drugs and
convicted, house is confiscated. What would the insurance company pay for?
HO-2
If snow and ice make a roof collapse, what policy would have least coverage, but still
adequate enough?
endorsement
, What alters an original contract?
intentional act
What is not a defense to negligence?
a tort
What is a civil wrong?
breakage
What does a Personal Articles Floater cover?
moral hazard
What is embezzlement?
insured and insurance company
Who signs a non-waiver agreement?
dwelling
What does and HO-3 cover than an HO-4 does not cover?
replacement cost less depreciation
What is actual cash value?
bird flying into window
An example of an other than collision loss is:
declarations, conditions, exclusions and insuring agreement
What are the four parts of the policy?
snowmobile
HO-2 policy - which types of vehicles are excluded?
no
Insured uses his car as a taxi. If passengers are injured or if there is damage to the car,
is there any coverage?
special damage
What a lost wages?
named perils
What would you call perils listed on policy?
30
How many days coverage for your personal property when moving from one location to
another?
sections e and f
What part under a homeowners policy would a fall down be covered under?
person related by blood, marriage, adoption or foster child
Define family member under the PAP
policy limits
Stated value cannot pay more than...?
no
If you are struck in the rear end of your covered and are covered under UMPD, does the
deductible apply?
radar
Which is direct evidence?
per person/per accident
What is split coverage?
insured describes the particulars of what happened in the accident
What is proof of loss?
ten days
How many days does the insurer have to send out forms when notified of accident?
12:01 am
At what time is the policy effective?
25/50/25
What are the financial responsibility limits in Rhode Island?
subrogation
By virtue of payment, the insurance company assumes the rights of the insured to
pursue the responsible party for damages only to the extent of the insurance company's
payment, and as a service, the insurance company will attempt to recover the insured's
deductible. What does this describe?
arbitration
When companies cannot come to a decision of who is liable and responsible for
damages, what process solves this problem?
indemnification
What happens when an insurance company brings you back to your condition before
the loss occurs?
$0.00
If the insured has an auto policy with $50,000 liability coverage and sees a neighbor he
dislikes and runs the neighbor's foot over, how much would the insurer pay?
Toyota's insurer
Insured's Honda Accord is in body shop so he borrows a friend's Toyota Corolla and
gets into an accident and both have a PAP. What company would pay for the friend's
car?
collision with a shopping cart
What is NOT a comprehensive loss?
windstorm
What is covered after a hurricane?
binder
What is used until a policy is used?
insurance commissioner
Who can revoke an adjuster's license?
locus diagram and photographs
What is the most important thing for an adjuster to take in an investigation?
PD with no deductible
If the Insured goes to Florida on vacation and rents a car and is involved in an accident
but has a Rhode Island PAP, how would the claim be paid?
nothing
The FBI breaks down a door and the insured is arrested and charged for drugs and
convicted, house is confiscated. What would the insurance company pay for?
HO-2
If snow and ice make a roof collapse, what policy would have least coverage, but still
adequate enough?
endorsement
, What alters an original contract?
intentional act
What is not a defense to negligence?
a tort
What is a civil wrong?
breakage
What does a Personal Articles Floater cover?
moral hazard
What is embezzlement?
insured and insurance company
Who signs a non-waiver agreement?
dwelling
What does and HO-3 cover than an HO-4 does not cover?
replacement cost less depreciation
What is actual cash value?
bird flying into window
An example of an other than collision loss is:
declarations, conditions, exclusions and insuring agreement
What are the four parts of the policy?
snowmobile
HO-2 policy - which types of vehicles are excluded?
no
Insured uses his car as a taxi. If passengers are injured or if there is damage to the car,
is there any coverage?
special damage
What a lost wages?
named perils
What would you call perils listed on policy?
30
How many days coverage for your personal property when moving from one location to
another?
sections e and f
What part under a homeowners policy would a fall down be covered under?
person related by blood, marriage, adoption or foster child
Define family member under the PAP
policy limits
Stated value cannot pay more than...?
no
If you are struck in the rear end of your covered and are covered under UMPD, does the
deductible apply?
radar
Which is direct evidence?
per person/per accident
What is split coverage?
insured describes the particulars of what happened in the accident
What is proof of loss?
