1 | P a g e | © copyright 2024/2025 | Grade A+
Insurance Adjuster Test Questions
and Answers (100% Pass)
Lloyds of London was most known for insuring what product?
✓ Tobacco Shipments
How did the Chinese families use the concept of pooling to protect their
crops?
✓ Divided shipments to multiple ships
The chinese were credited with being the first to create the concept of
insurance. The main method used was to ship their goods on multiple ships
instead of on one single vessel. What concept of insurance does this
demonstrate?
✓ spreading the risk
John just bought a boat. He has never owned a boat before but has spent a
considerable amount of money on it. He is concerned about his new boat
being stolen or wrecked. What should he do to protect his boat?
✓ Find and insurance policy to protect his boat against theft and
damage.
Master01 | October, 2024/2025 | Latest update
, 1 | P a g e | © copyright 2024/2025 | Grade A+
The chinese were credited with the first concept of insurance by spreading
their shipments over multiple ships. This prevented them from losing their
entire load if one ship had an issue. How is that concept seen in insurance we
have today?
✓ A pool of people buy insurance and only a small number are
expected to have a loss.
What does NAIC stand for?
✓ National Association of Insurance Commissioners
Which of the following is NOT something the NAIC would do?
✓ Collect insurance premiums
Who is the primary regulator of the insurance industry?
✓ State Department of Insurance
The responsibility to regulate the insurance industry belongs to:
✓ Both federal and state government
What is the purpose of the NAIC?
Master01 | October, 2024/2025 | Latest update
, 1 | P a g e | © copyright 2024/2025 | Grade A+
✓ To develop best practice standards within the insurance industry
John has had a loss at his home from a wind storm that blew a tree onto his
home. John feels the insurance carrier isn't responding to him quickly enough
so he can deal with the crisis on hand. His calls are not being answered and
no one is addressing his claim that he filed. Who would stand up for his
interest as a consumer in this instance?
✓ The state department of insurance
Tommy just had his garage on his home destroyed by fire. ABC Insurance
company was notified by Tommy immediately of his loss, but they are not
returning his calls or communicating with him in any way. Who would Tommy
call to get some action?
✓ The State Insurance Commissioner
Cory has filed a loss for water damaged of a malfunctioned ice maker. He
filed a loss with his carrier once the damaged occurred per the instructions of
his policy. The carrier called him on the phone and talked to him briefly
stating that they didn't think they should cover the claim and he should talk to
the ice machine manufacturer. They weren't sending out an adjuster and
were closing his file. They told him his floors would go back to normal after
Master01 | October, 2024/2025 | Latest update
, 1 | P a g e | © copyright 2024/2025 | Grade A+
they dried out. What part of Chapter 541-Unfair and Deceptive Incurance
practices would protect him?
✓ Refusing to pay a claim without conducting a reasonable investigation
with respect to the claim
Failing to attempt, in good faith, to effectuate a prompt, fair, and equitable
settlement of a claim with respect to which the insurer's liability has become
reasonably clear." is an example of what?
✓ Unfair Trade Practices
What is the purpose of the National Association of Insurance Commissioners?
✓ To help develop national standards for insurance
What is the time period that an insurance company has to acknowledge the
receipt of a claim made by an insured?
✓ 15 Days
Texas insurance code requires the insurance company to do several things
within 15 days of receiving a claim. Which of the following is NOT required
within 15 days?
Master01 | October, 2024/2025 | Latest update
Insurance Adjuster Test Questions
and Answers (100% Pass)
Lloyds of London was most known for insuring what product?
✓ Tobacco Shipments
How did the Chinese families use the concept of pooling to protect their
crops?
✓ Divided shipments to multiple ships
The chinese were credited with being the first to create the concept of
insurance. The main method used was to ship their goods on multiple ships
instead of on one single vessel. What concept of insurance does this
demonstrate?
✓ spreading the risk
John just bought a boat. He has never owned a boat before but has spent a
considerable amount of money on it. He is concerned about his new boat
being stolen or wrecked. What should he do to protect his boat?
✓ Find and insurance policy to protect his boat against theft and
damage.
Master01 | October, 2024/2025 | Latest update
, 1 | P a g e | © copyright 2024/2025 | Grade A+
The chinese were credited with the first concept of insurance by spreading
their shipments over multiple ships. This prevented them from losing their
entire load if one ship had an issue. How is that concept seen in insurance we
have today?
✓ A pool of people buy insurance and only a small number are
expected to have a loss.
What does NAIC stand for?
✓ National Association of Insurance Commissioners
Which of the following is NOT something the NAIC would do?
✓ Collect insurance premiums
Who is the primary regulator of the insurance industry?
✓ State Department of Insurance
The responsibility to regulate the insurance industry belongs to:
✓ Both federal and state government
What is the purpose of the NAIC?
Master01 | October, 2024/2025 | Latest update
, 1 | P a g e | © copyright 2024/2025 | Grade A+
✓ To develop best practice standards within the insurance industry
John has had a loss at his home from a wind storm that blew a tree onto his
home. John feels the insurance carrier isn't responding to him quickly enough
so he can deal with the crisis on hand. His calls are not being answered and
no one is addressing his claim that he filed. Who would stand up for his
interest as a consumer in this instance?
✓ The state department of insurance
Tommy just had his garage on his home destroyed by fire. ABC Insurance
company was notified by Tommy immediately of his loss, but they are not
returning his calls or communicating with him in any way. Who would Tommy
call to get some action?
✓ The State Insurance Commissioner
Cory has filed a loss for water damaged of a malfunctioned ice maker. He
filed a loss with his carrier once the damaged occurred per the instructions of
his policy. The carrier called him on the phone and talked to him briefly
stating that they didn't think they should cover the claim and he should talk to
the ice machine manufacturer. They weren't sending out an adjuster and
were closing his file. They told him his floors would go back to normal after
Master01 | October, 2024/2025 | Latest update
, 1 | P a g e | © copyright 2024/2025 | Grade A+
they dried out. What part of Chapter 541-Unfair and Deceptive Incurance
practices would protect him?
✓ Refusing to pay a claim without conducting a reasonable investigation
with respect to the claim
Failing to attempt, in good faith, to effectuate a prompt, fair, and equitable
settlement of a claim with respect to which the insurer's liability has become
reasonably clear." is an example of what?
✓ Unfair Trade Practices
What is the purpose of the National Association of Insurance Commissioners?
✓ To help develop national standards for insurance
What is the time period that an insurance company has to acknowledge the
receipt of a claim made by an insured?
✓ 15 Days
Texas insurance code requires the insurance company to do several things
within 15 days of receiving a claim. Which of the following is NOT required
within 15 days?
Master01 | October, 2024/2025 | Latest update
