RHODE ISLAND ADJUSTER'S EXAM| QUESTIONS WITH
CORRECT ANSWERS ALL VERIFIED BY AN EXPERT A+
GRADED (LATEST UPDATE)
1. ten days << ANS How many days does the insurer have to send out forms when
notified of accident?
2. 12:01 am << ANS At what time is the policy effective?
3. 25/50/25 << ANS What are the financial responsibility limits in Rhode Island?
4. subrogation << ANS By virtue of payment, the insurance company assumes the
rights of the insured to pursue the responsible party for damages only to the
extent of the insurance company's payment, and as a service, the insurance
company will attempt to recover the insured's deductible. What does this
describe?
5. arbitration << ANS When companies cannot come to a decision of who is
liable and responsible for damages, what process solves this problem?
6. indemnification << ANS What happens when an insurance company brings you
back to your condition before the loss occurs?
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, 7. $0.00 << ANS If the insured has an auto policy with $50,000 liability coverage and
sees a neighbor he dislikes and runs the neighbor's foot over, how much would the
insurer pay?
8. Toyota's insurer << ANS Insured's Honda Accord is in body shop so he borrows
a friend's Toyota Corolla and gets into an accident and both have a PAP. What
company would pay for the friend's car?
9. collision with a shopping cart << ANS What is NOT a comprehensive loss?
10. windstorm << ANS What is covered after a hurricane?
11. binder << ANS What is used until a policy is used?
12. insurance commissioner << ANS Who can revoke an adjuster's license?
13. locus diagram and photographs << ANS What is the most important thing
for an adjuster to take in an investigation?
14. PD with no deductible << ANS If the Insured goes to Florida on vacation and
rents a car and is involved in an accident but has a Rhode Island PAP, how would
the claim be paid?
15. nothing << ANS The FBI breaks down a door and the insured is arrested and
charged for drugs and convicted, house is confiscated. What would the insurance
company pay for?
16. HO-2 << ANS If snow and ice make a roof collapse, what policy would
have least coverage, but still adequate enough?
17. endorsement << ANS What alters an original contract?
18. intentional act << ANS What is not a defense to negligence?
19. a tort << ANS What is a civil wrong?
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CORRECT ANSWERS ALL VERIFIED BY AN EXPERT A+
GRADED (LATEST UPDATE)
1. ten days << ANS How many days does the insurer have to send out forms when
notified of accident?
2. 12:01 am << ANS At what time is the policy effective?
3. 25/50/25 << ANS What are the financial responsibility limits in Rhode Island?
4. subrogation << ANS By virtue of payment, the insurance company assumes the
rights of the insured to pursue the responsible party for damages only to the
extent of the insurance company's payment, and as a service, the insurance
company will attempt to recover the insured's deductible. What does this
describe?
5. arbitration << ANS When companies cannot come to a decision of who is
liable and responsible for damages, what process solves this problem?
6. indemnification << ANS What happens when an insurance company brings you
back to your condition before the loss occurs?
https://www.stuvia.com/user/Mboffin 1/
11
, 7. $0.00 << ANS If the insured has an auto policy with $50,000 liability coverage and
sees a neighbor he dislikes and runs the neighbor's foot over, how much would the
insurer pay?
8. Toyota's insurer << ANS Insured's Honda Accord is in body shop so he borrows
a friend's Toyota Corolla and gets into an accident and both have a PAP. What
company would pay for the friend's car?
9. collision with a shopping cart << ANS What is NOT a comprehensive loss?
10. windstorm << ANS What is covered after a hurricane?
11. binder << ANS What is used until a policy is used?
12. insurance commissioner << ANS Who can revoke an adjuster's license?
13. locus diagram and photographs << ANS What is the most important thing
for an adjuster to take in an investigation?
14. PD with no deductible << ANS If the Insured goes to Florida on vacation and
rents a car and is involved in an accident but has a Rhode Island PAP, how would
the claim be paid?
15. nothing << ANS The FBI breaks down a door and the insured is arrested and
charged for drugs and convicted, house is confiscated. What would the insurance
company pay for?
16. HO-2 << ANS If snow and ice make a roof collapse, what policy would
have least coverage, but still adequate enough?
17. endorsement << ANS What alters an original contract?
18. intentional act << ANS What is not a defense to negligence?
19. a tort << ANS What is a civil wrong?
https://www.stuvia.com/user/Mboffin 2/
11
