CLAIMS ADJUSTER FINAL EXAM ACTUAL TEST
PAPER 2026 QUESTIONS WITH SOLUTIONS
GRADED A+
◉ An insurer gives which of the following as Consideration for an
insurance policy? Answer: A Promise
◉ The interest of the insured and all other persons in the property
involved in a claim is
found in Answer: A Proof of Loss
◉ An insured rear-ends another driver's vehicle. The auto policy
that pays damages to
repair the damaged vehicle is a _______? Answer: Liability Policy
◉ Your insurance company wrote an auto insurance binder for an
owner who said that he
did not have any prior accidents. Immediately thereafter it was
discovered that he did not
tell the truth. The company now wants to cancel the binder as
quickly as possible. What
is true? Answer: 5 days notice required
,◉ For insurance to pay damages, an insurable interest must exist:
Answer: When the loss takes place
◉ Texting while driving is best described as a: Answer: Hazard
◉ A covered loss is $90,000. Policy A has a limit of $100,000. Policy
B has a limit of
$200,000. Both policies are pro-rata policies. How much will policy
B pay for this loss? Answer: $60,000
◉ I sold my home yesterday, signed a deed and transferred title. Last
night there was a
house fire. I had not yet cancelled my homeowner's insurance. The
purchaser also had a
homeowner's policy. Which policy should pay to pay the claim?
Answer: Purchaser's policy
◉ Giving prompt notice of loss is best described as a policy: Answer:
Condition
◉ If there is a total loss by an insured peril to a FL building, the
insurer must pay: Answer: Actual Cash Value
, ◉ A Loss Payable Clause refers to Answer: Lenders interest in
personal property
◉ My coin collection was appraised and my insurance company
specifically insured the
valued of that collection. That is an example of: Answer: A Valued
Policy
◉ An insurance contract is based on the Principle of: Answer:
Utmost Good Faith
◉ The two kinds of waivers are: Answer: express and implied
◉ Proximate Cause is the unbroken connection between the
occurrence and ____ that
grows out of the occurrence. Answer: Damages
◉ Which loss settlement valuation may be a violation of the
Principle of Indemnity? Answer: Replacement Cost
◉ If the policy limit is $60,000; 80% coinsurance requirement; loss
of $60,000 and the
value of the property is $100,000, what loss amount will the insurer
pay? Answer: $45,000
PAPER 2026 QUESTIONS WITH SOLUTIONS
GRADED A+
◉ An insurer gives which of the following as Consideration for an
insurance policy? Answer: A Promise
◉ The interest of the insured and all other persons in the property
involved in a claim is
found in Answer: A Proof of Loss
◉ An insured rear-ends another driver's vehicle. The auto policy
that pays damages to
repair the damaged vehicle is a _______? Answer: Liability Policy
◉ Your insurance company wrote an auto insurance binder for an
owner who said that he
did not have any prior accidents. Immediately thereafter it was
discovered that he did not
tell the truth. The company now wants to cancel the binder as
quickly as possible. What
is true? Answer: 5 days notice required
,◉ For insurance to pay damages, an insurable interest must exist:
Answer: When the loss takes place
◉ Texting while driving is best described as a: Answer: Hazard
◉ A covered loss is $90,000. Policy A has a limit of $100,000. Policy
B has a limit of
$200,000. Both policies are pro-rata policies. How much will policy
B pay for this loss? Answer: $60,000
◉ I sold my home yesterday, signed a deed and transferred title. Last
night there was a
house fire. I had not yet cancelled my homeowner's insurance. The
purchaser also had a
homeowner's policy. Which policy should pay to pay the claim?
Answer: Purchaser's policy
◉ Giving prompt notice of loss is best described as a policy: Answer:
Condition
◉ If there is a total loss by an insured peril to a FL building, the
insurer must pay: Answer: Actual Cash Value
, ◉ A Loss Payable Clause refers to Answer: Lenders interest in
personal property
◉ My coin collection was appraised and my insurance company
specifically insured the
valued of that collection. That is an example of: Answer: A Valued
Policy
◉ An insurance contract is based on the Principle of: Answer:
Utmost Good Faith
◉ The two kinds of waivers are: Answer: express and implied
◉ Proximate Cause is the unbroken connection between the
occurrence and ____ that
grows out of the occurrence. Answer: Damages
◉ Which loss settlement valuation may be a violation of the
Principle of Indemnity? Answer: Replacement Cost
◉ If the policy limit is $60,000; 80% coinsurance requirement; loss
of $60,000 and the
value of the property is $100,000, what loss amount will the insurer
pay? Answer: $45,000
