Illinois Public Adjuster Exam Practice Questions And Answers Updated & Verified

ILLINOIS PUBLIC ADJUSTER EXAM PRACTICE QUESTIONS AND ANSWERS UPDATED & VERIFIED




ILLINOIS PUBLIC ADJUSTER EXAM
PRACTICE QUESTIONS AND ANSWERS
UPDATED & VERIFIED
Question 1
Which of the following does the Director not have the power or duty to do?
(A. Enact laws regarding insurance practices
(B. Enforce insurance laws that are in the Illinois legal code
(C. Adopt rules and regulations to enforce the insurance laws
(D. Examine every Illinois insurance licensee

Correct Answer
A. Enact laws regarding insurance practices



Question 2
Who of the following represents the insured in a claim?
(A. An independent adjuster
(B. A company adjuster
(C. A public adjuster
(D. A bailee
Correct Answer
(C. A public adjuster



Question 3
Which of the following would not be negotiated by a public adjuster?
(A. The amount of damage
(B. The cause of the loss
(C. The amount of depreciation
(D. The extent of the damage

Correct Answer
(B. The cause of the loss




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,ILLINOIS PUBLIC ADJUSTER EXAM PRACTICE QUESTIONS AND ANSWERS UPDATED & VERIFIED




Question 4
Which of the following is not required to become a public adjuster? (A. Successful
passing of a state-sponsored exam
(B. A copy of the public adjuster's proposed contract for insureds
(C. A map of the public adjusters marketing territories
(D. A surety bond with a face amount of $20,000
Correct Answer
(C. A map of the public adjusters marketing territories



Question 5
If a public adjuster moves, how soon must he or she inform the Director?
(A. Within 15 days
(B. Within 30 days
(C. Within 60 days
(D. At the time of renewing the license
Correct Answer
(B. Within 30 days



Question 6
Which of the following might result in termination of a public adjuster's license?
(A. Failure to file a state income tax return
(B. Being convicted of any misdemeanor
(C. Failing to provide the Director with a copy of the signed contract with each insured
(D. Cancellation of the public adjuster's business insurance
Correct Answer
(A. Failure to file a state income tax return



Question 7
It is allowable for a public adjuster to...
(A. Solicit new clients from 7pm to 8am
(B. State that he or she is licensed
(C. State that he or she represents the fire department
(D. State that he or she represents the insurance company
Correct Answer
(B. State that he or she is licensed




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,ILLINOIS PUBLIC ADJUSTER EXAM PRACTICE QUESTIONS AND ANSWERS UPDATED & VERIFIED




Question 8
When may a public adjuster solicit new clients?
(A. While a loss-producing occurrence is continuing
(B. Between 8am and 7pm
(C. While the fire department is engaged at the damaged premises
(D. Immediately after the state examination is passed
Correct Answer
(B. Between 8am and 7pm



Question 9
Which of the following is not a reason for the Director to revoke or refuse to renew a
public adjuster's license?
(A. Being convicted of a felony involving dishonesty or fraud
(B. Engaging in the unauthorized practice of law
(C. Failing to pay tax due to the Department of Revenue
(D. Having its businessowners insurance policy canceled
Correct Answer
(D. Having its businessowners insurance policy canceled



Question 10
Which of the following could result in termination of the public adjuster's license by
the Director?
(A. Advancing funds to an insured while waiting for the claim to be resolved
(B. Charging more than 25% commission
(C. Soliciting more than three homeowner's on the same day
(D. Avoiding certain counties during solicitations

Correct Answer
(A. Advancing funds to an insured while waiting for the claim to be resolved




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, ILLINOIS PUBLIC ADJUSTER EXAM PRACTICE QUESTIONS AND ANSWERS UPDATED & VERIFIED




Question 11
If a public adiuster signs a contract with an insured within 5 business days of a fire
loss, how long does the insured have to void the contract?
(A. 3 days
(B. 5 days
(C. 10 days
(D. 30 days
Correct Answer
(C. 10 days



Question 12
How long must a public adjuster maintain records for the possible inspection and
examination by the Director?
(A. One year
(B. Two years
(C. Three years
(D. Seven years
Correct Answer
(D. Seven years



Question 13
If a Public Adjuster has possession of funds that are not to be paid to the Public
Adjuster, what place would be most appropriate for the Public Adiuster to deposit the
funds into?
(A. A savings account
(B. A separate escrow account
(C. A checking account
(D. In a locked cabinet in the Public Adjuster's office
Correct Answer
(B. A separate escrow account




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