Adjuster Pro: Indiana Adjuster's
License - Practice Exam Questions
and 100% Correct Answers
Noreen is a professional photographer, and she has a Personal Articles
Floater that covers her best camera for up to $6,000. While she is working
a wedding, the camera gets knocked into a pool and is ruined. Before the
accident, her camera was worth $5,000, but a new, comparable one would
cost her $7,000. How much will Noreen's PAF pay her for this loss?
A. $7,000
B. $0
C. $6,000
D. $5,000 ---ANSWER--- D
Craig has an HO-3 policy covering his primary residence with a Coverage A
limit of $250,000, Coverage B limit of $25,000, and a Coverage C limit of
$150,000. Craig also has a cabin on the lake, which was burglarized. The
thieves stole much of the cabin's contents, for a total loss of $18,500.
Ignoring any deductibles, how much will Craig's HO-3 policy pay for this
claim?
A. $2,500
B. $0
,C. $15,000
D. $18,500 ---ANSWER--- C
A dwelling policy would NOT be appropriate for:
A. a duplex owned by an individual.
B. a single-family home wholly rented out.
C. a four-plex owned by a corporation.
D. a motorhome owned by an individual. ---ANSWER--- D
Which of the following statements about Indiana's approach to Workers'
Comp insurance is true?
A. WC is compulsory, and Indiana has no state WC fund.
B. WC is elective, and Indiana has no state WC fund.
C. WC is elective, and Indiana has a competitive state WC fund.
D. WC is compulsory, and Indiana has a monopolistic state WC fund. ---
ANSWER--- A
On January 27, 2008, Ryan was using an exercise bike purchased from
NusquamCycle when the chain broke, causing him to fall and severely
bruise his knee. It seemed to heal just fine, but three years later, on
January 25, 2011, Ryan's knee gave out while jogging. His doctor told him
that he'll need surgery and that this deterioration resulted from the earlier
, accident with the exercise bike. Which of the following CGL policies may
cover Ryan's claim filed January 25, 2011?
A. An occurrence policy from Jan 31 2011-Jan 31 2013
B. An occurrence policy from Feb 28 2008-Feb 28 2010
C. A claims-made policy from Jan 31 2008-Jan 31 2010
D. A claims-made policy from Jan 31 2009-Jan 31 2011 ---ANSWER--- D
Who is NOT eligible for a homeowners policy?
A. An owner of a home under construction
B. A person who owns and lives in his house
C. A tenant who rents a home or apartment
D. An owner of a house in which he does not live, but rents to a tenant ---
ANSWER--- D
Frank owns a bakery specializing in authentic French bread. He uses two
specialty ovens for his daily production of French bread. If one of these
giant ovens were to break down, it would cost Frank's bakery a lot of
money to repair, not to mention the loss of revenue caused by lower
production. On his Equipment Breakdown Protection Form, each of Frank's
ovens would be considered:
A. a "peril."
B. an "object."
License - Practice Exam Questions
and 100% Correct Answers
Noreen is a professional photographer, and she has a Personal Articles
Floater that covers her best camera for up to $6,000. While she is working
a wedding, the camera gets knocked into a pool and is ruined. Before the
accident, her camera was worth $5,000, but a new, comparable one would
cost her $7,000. How much will Noreen's PAF pay her for this loss?
A. $7,000
B. $0
C. $6,000
D. $5,000 ---ANSWER--- D
Craig has an HO-3 policy covering his primary residence with a Coverage A
limit of $250,000, Coverage B limit of $25,000, and a Coverage C limit of
$150,000. Craig also has a cabin on the lake, which was burglarized. The
thieves stole much of the cabin's contents, for a total loss of $18,500.
Ignoring any deductibles, how much will Craig's HO-3 policy pay for this
claim?
A. $2,500
B. $0
,C. $15,000
D. $18,500 ---ANSWER--- C
A dwelling policy would NOT be appropriate for:
A. a duplex owned by an individual.
B. a single-family home wholly rented out.
C. a four-plex owned by a corporation.
D. a motorhome owned by an individual. ---ANSWER--- D
Which of the following statements about Indiana's approach to Workers'
Comp insurance is true?
A. WC is compulsory, and Indiana has no state WC fund.
B. WC is elective, and Indiana has no state WC fund.
C. WC is elective, and Indiana has a competitive state WC fund.
D. WC is compulsory, and Indiana has a monopolistic state WC fund. ---
ANSWER--- A
On January 27, 2008, Ryan was using an exercise bike purchased from
NusquamCycle when the chain broke, causing him to fall and severely
bruise his knee. It seemed to heal just fine, but three years later, on
January 25, 2011, Ryan's knee gave out while jogging. His doctor told him
that he'll need surgery and that this deterioration resulted from the earlier
, accident with the exercise bike. Which of the following CGL policies may
cover Ryan's claim filed January 25, 2011?
A. An occurrence policy from Jan 31 2011-Jan 31 2013
B. An occurrence policy from Feb 28 2008-Feb 28 2010
C. A claims-made policy from Jan 31 2008-Jan 31 2010
D. A claims-made policy from Jan 31 2009-Jan 31 2011 ---ANSWER--- D
Who is NOT eligible for a homeowners policy?
A. An owner of a home under construction
B. A person who owns and lives in his house
C. A tenant who rents a home or apartment
D. An owner of a house in which he does not live, but rents to a tenant ---
ANSWER--- D
Frank owns a bakery specializing in authentic French bread. He uses two
specialty ovens for his daily production of French bread. If one of these
giant ovens were to break down, it would cost Frank's bakery a lot of
money to repair, not to mention the loss of revenue caused by lower
production. On his Equipment Breakdown Protection Form, each of Frank's
ovens would be considered:
A. a "peril."
B. an "object."
