Adjuster Pro Practice Exam Questions
and Answers 100% Solved | Graded A+
Stu has a collection of rare comic books. He wants to purchase theft
insurance for his
collection, separate from his home and other property. What term most
accurately
describes the type of policy Stu would purchase? - ✔✔Monoline Policy
Which of the following statements does NOT apply to the Standard Fire
Policy? - ✔✔It automatically covers wind and vandalism.
Which of the following refers to being restored to the financial condition you
were in
before a loss? - ✔✔Indemnification
The fee paid by the insured in exchange for an insurance policy is called a:
- ✔✔premium
Haley takes a bottle of water into a store, pours some of it on the floor
when no one is
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©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
,looking, and then pretends to slip and fall. She cries out for help in
apparent pain
until someone comes to her aid. She then sues the store for her fake injury
in an
effort to collect an insurance settlement. What has Haley committed? -
✔✔Hard fraud
Which settlement option is most often used when a claimant misses work
because of
bodily injury, but a settlement has not yet been reached? - ✔✔Advance
payment settlement
Cindy and her insurer cannot reach an agreement for her property claim,
and have
gone back and forth for weeks without coming within $10,000 of each
other. At this
point, since both believe they are offering a fair settlement, a third party is
needed to
help facilitate the negotiation. Both parties still want to retain their ability to
"walkaway" if they cannot reach an agreement. What is the next best step
for Cindy and her insurer? - ✔✔Mediation
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©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
,When Jeanette shows up to handle a claim on behalf of ABC Insurance,
she evaluates
the claim and negotiates a settlement. Maintaining her integrity and acting
ethically,
Jeanette is fulfilling her: - ✔✔fiduciary duty.
Many adjusters prefer arbitration to litigation, because professional
arbitrators tend to
be more ___________ than civil juries. - ✔✔knowledgeable
Which of the following is NOT true of the no-release settlement? - ✔✔It's
also called an "advance payment settlement."
Why should litigation be considered a last resort option? - ✔✔It can be
costly and unpredictable
Which of the following steps would occur LAST in the processing of a
claim? - ✔✔Negotiate a settlement with the claimant
As an adjuster for KLM Insurance, Chrystal has the important role of
fiduciary agent.
While acting in this capacity, Chrystal's primary responsibility is to: -
✔✔protect the financial and property interests of KLM Insurance
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©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
, Bobby is adjusting a complicated auto claim. Which of the following is
TRUE? - ✔✔Because the policyholder (Jane) is 84 years old and seems to
have trouble remembering what
happened before the accident, Bobby should feel free to contact her 45-
year-old caretaker for
clarification.
Jim is an insurance adjuster working a theft claim. As part of his
investigation, Jim
might want to do all of the following, EXCEPT: - ✔✔look for ways to lower
the settlement for the claimant.
Adjuster Alice is trying to determine the final settlement amount for Ted's
claim. Ted's
house was damaged in a covered loss, and Alice has estimated that it will
cost
$25,000 to make the necessary repairs. Ted's homeowners policy has a
$100,000 limit
and a $2,000 deductible. Typically, how much would Adjuster Alice
calculate Ted's
final settlement amount to be? - ✔✔$23,000
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©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
and Answers 100% Solved | Graded A+
Stu has a collection of rare comic books. He wants to purchase theft
insurance for his
collection, separate from his home and other property. What term most
accurately
describes the type of policy Stu would purchase? - ✔✔Monoline Policy
Which of the following statements does NOT apply to the Standard Fire
Policy? - ✔✔It automatically covers wind and vandalism.
Which of the following refers to being restored to the financial condition you
were in
before a loss? - ✔✔Indemnification
The fee paid by the insured in exchange for an insurance policy is called a:
- ✔✔premium
Haley takes a bottle of water into a store, pours some of it on the floor
when no one is
1
©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
,looking, and then pretends to slip and fall. She cries out for help in
apparent pain
until someone comes to her aid. She then sues the store for her fake injury
in an
effort to collect an insurance settlement. What has Haley committed? -
✔✔Hard fraud
Which settlement option is most often used when a claimant misses work
because of
bodily injury, but a settlement has not yet been reached? - ✔✔Advance
payment settlement
Cindy and her insurer cannot reach an agreement for her property claim,
and have
gone back and forth for weeks without coming within $10,000 of each
other. At this
point, since both believe they are offering a fair settlement, a third party is
needed to
help facilitate the negotiation. Both parties still want to retain their ability to
"walkaway" if they cannot reach an agreement. What is the next best step
for Cindy and her insurer? - ✔✔Mediation
2
©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
,When Jeanette shows up to handle a claim on behalf of ABC Insurance,
she evaluates
the claim and negotiates a settlement. Maintaining her integrity and acting
ethically,
Jeanette is fulfilling her: - ✔✔fiduciary duty.
Many adjusters prefer arbitration to litigation, because professional
arbitrators tend to
be more ___________ than civil juries. - ✔✔knowledgeable
Which of the following is NOT true of the no-release settlement? - ✔✔It's
also called an "advance payment settlement."
Why should litigation be considered a last resort option? - ✔✔It can be
costly and unpredictable
Which of the following steps would occur LAST in the processing of a
claim? - ✔✔Negotiate a settlement with the claimant
As an adjuster for KLM Insurance, Chrystal has the important role of
fiduciary agent.
While acting in this capacity, Chrystal's primary responsibility is to: -
✔✔protect the financial and property interests of KLM Insurance
3
©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
, Bobby is adjusting a complicated auto claim. Which of the following is
TRUE? - ✔✔Because the policyholder (Jane) is 84 years old and seems to
have trouble remembering what
happened before the accident, Bobby should feel free to contact her 45-
year-old caretaker for
clarification.
Jim is an insurance adjuster working a theft claim. As part of his
investigation, Jim
might want to do all of the following, EXCEPT: - ✔✔look for ways to lower
the settlement for the claimant.
Adjuster Alice is trying to determine the final settlement amount for Ted's
claim. Ted's
house was damaged in a covered loss, and Alice has estimated that it will
cost
$25,000 to make the necessary repairs. Ted's homeowners policy has a
$100,000 limit
and a $2,000 deductible. Typically, how much would Adjuster Alice
calculate Ted's
final settlement amount to be? - ✔✔$23,000
4
©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
