insurance adjuster test questions
Which type of coverage relates to damage to or destruction of detached structures in a
typical homeowner’s policy?
Coverage B
Coverage A
Coverage D
Coverage C – answer Cov B
The unfair trade practice of offering inducements for the purchase of insurance is
called?
controlled business
rebating
misrepresentation
false advertising - answerrebating
In which type of group life insurance policy may the holder allocate the net premiums to
one or more of several investment accounts?
Group variable universal life insurance
Group universal life insurance
Comprehensive long-term care insurance
Yearly renewable term insurance - answerGroup variable universal life insurance
Which of the following distinguishes the conditions of the standard business owners'
policy from those of the standard commercial package policy?
The standard commercial package policy extends automatic business income and peak
season coverage
The standard business owners' property coverage form is different than the building
property coverage form
, Many of the coverages that are automatic for the standard business owners' policy are
optional for the standard commercial package policy
Many of the coverage's that are automatic for the standard commercial package policy
are optional for the standard business owners' policy - answerMany of the coverage's
that are automatic for the standard business owners' policy are optional for the standard
commercial package policy
How much of a property must be unoccupied for it to be defined as vacant by the
standard commercial property policy?
40 percent
25 percent
30 percent
50 percent - answer30 percent
With regard to homeowners insurance, business is defined as any activity that has?
Both revenue and continuity.
continuity
revenue
Neither revenue nor continuity - answerBoth revenue and continuity.
An expense plan that indicates an employer will reduce benefits for persons over the
age of 65 to the extent that they are payable under Medicare for the same expense is
known as a?
Medicare secondary rule
Medicare supplement
Medicare carve-out
maturity value benefit - answerMedicare carve-out
Which of the following vehicles would NOT be defined as mobile equipment by the
standard business auto policy?
Bulldozer
Which type of coverage relates to damage to or destruction of detached structures in a
typical homeowner’s policy?
Coverage B
Coverage A
Coverage D
Coverage C – answer Cov B
The unfair trade practice of offering inducements for the purchase of insurance is
called?
controlled business
rebating
misrepresentation
false advertising - answerrebating
In which type of group life insurance policy may the holder allocate the net premiums to
one or more of several investment accounts?
Group variable universal life insurance
Group universal life insurance
Comprehensive long-term care insurance
Yearly renewable term insurance - answerGroup variable universal life insurance
Which of the following distinguishes the conditions of the standard business owners'
policy from those of the standard commercial package policy?
The standard commercial package policy extends automatic business income and peak
season coverage
The standard business owners' property coverage form is different than the building
property coverage form
, Many of the coverages that are automatic for the standard business owners' policy are
optional for the standard commercial package policy
Many of the coverage's that are automatic for the standard commercial package policy
are optional for the standard business owners' policy - answerMany of the coverage's
that are automatic for the standard business owners' policy are optional for the standard
commercial package policy
How much of a property must be unoccupied for it to be defined as vacant by the
standard commercial property policy?
40 percent
25 percent
30 percent
50 percent - answer30 percent
With regard to homeowners insurance, business is defined as any activity that has?
Both revenue and continuity.
continuity
revenue
Neither revenue nor continuity - answerBoth revenue and continuity.
An expense plan that indicates an employer will reduce benefits for persons over the
age of 65 to the extent that they are payable under Medicare for the same expense is
known as a?
Medicare secondary rule
Medicare supplement
Medicare carve-out
maturity value benefit - answerMedicare carve-out
Which of the following vehicles would NOT be defined as mobile equipment by the
standard business auto policy?
Bulldozer
