Public Adjusters Exam With 100% Correct Answers 2025

PUBLIC ADJUSTERS

An agent of claimant has intentionally deceived an insurer for financial gain.
Such act
known asiscorrect answersANSWER:
Fraud
All of the following are characteristics of an insurable risk,
EXCEPT correct : The loss must be catastrophic in
answersANSWER
nature
All of the following would be considered an "insured" on a homeowners
policy, EXCEPT
correct answersANSWER: A non-related tenant living in the insured
residence
All of the following are duties of the insured after a loss, EXCEPT
correct
answersANSWER: To provide the insurer with the amount they except to be
claims
paid for the
submitted.
Physical damage to a contractors bulldozer is best covered under
which of the
following: correct answersANSWER: A commercial inland marine contractors
floate
equipment
r
Which of the following is NOT eligible for a coverage under a homeowners
insurance
policy?: correct answersANSWER: Owner occupant of a 5 to 6 family
dwelling.
All of the following statements describe a purpose of the Illinois
guarantycorrect
EXCEPT: fund, answersANSWER: To provide an entity to bring lawsuits
against
insolvent insurance companies admitted in
the state
A bailee's commercial inland marine form pays claim to : correct
answersANSWER: The
custom
er
The four main sections of a standard fire policy are: correct
answersANSWER:
Declarations, Insuring Agreement, Conditions, and
Exclusions
What is a mansard roof ? : correct answersANSWER: It has two slopping
planes onpitch
different a on each of four
sides
Which of the following is used to bring a standardized insurance form into
compliance
with state laws ? : correct answersANSWER:
Endorsements
A voluntary act of destruction in which a ship's cargo is thrown overboard
save thetp
in order ship is known as: correct answersANSWER:
Jettison

, Which of the following is elegible to be named insured under a
homeowners
correct answersANSWER:
policy ?: A
Trust
Which of the following phrases best describes a hazard?: correct
answersANSWER:
condition A
that increases the chance of
a loss
What is a gable roof ? : correct answersA type of roof containing sloping
planespitch
same of theon each side of the
ridge
Which of the following is the commercial property form that covers property
while custody
care, in the or control of the insured ? : correct answersANSWER: Legal
liability form
Which of the following would NOT be excluded under a commercial
property basic cause of loss form ? : correct answersANSWER: A fire
caused by earth movement.
The standard deductible in section I of the Homeowners Forms
is: correct
answersANSWER:
1500
The limit of a bond is known as its : correct answersANSWER: Bond
Penalty
Which of the following is a type of roof with one slope only that is built
against
wall ?: correct
a higheranswersANSWER: Lean-to
roof
A loss reserving method that establishes aggregate reserves for all claims
for aofsingle
line insurance is known as : correct answersANSWER: Loss ratio
method
Electrical wiring comes in what types ? : correct answersANSWER: Two
or three
strand
s
All of the following are excluded from coverage under a personal
effects floater,
EXCEPT: correct answersANSWER:
Luggage
Which is the unit of measurement used when measuring for, purchasing
and installing
cabinets? : correct answersANSWER:
Inches
Which of the following is NOT a claim settlement option in a property loss
? : correct
answersANSWER: Pay Market Value
Only
Coverage under the national flood insurance program may be
answersANSWER:
written : correct Only in eligible
communities
An oral or written contact for temporary insurance is referred to as
a : correct
answersANSWER:
Binder
The most comprehensive coverage provided by the dwelling form is
found on
correct answersANSWER:
the ? :
DP-3