Georgia Insurance Adjuster Licensing Exam V1
2026/2027 | Real Exam Questions & Verified Answers |
Complete Prep Guide | Grade A
Q: Which kind of losses are covered under a standard fire policy?
Answer
Direct
Q: All fires are not covered by the Standard Fire policies, only those that:
Answer
are hostile and have a flame or glow
Q: At what time does a fire policy go into affect?
Answer
12:01am standard time at the location of the insured's property
Q: A property is insured under two Standard Fire policies for $25,000 each. A fire
causes $10,000 worth of damage. What is the maximum amount the insured may collect
under each policy?
Answer
$5,000
,Q: A fire burning in the middle of the living room would be considered:
Answer
a hostile fire
Q: An insured's house is damaged by fire caused by a neighbor's negligence. The
insurance company will attempt to recover damage from the neighbor. This is called:
Answer
subrogation
Q: Which of the following statements are true concerning requirements of the
standard fire policy?
Answer
The insured must separate damaged from undamaged property in the event there is a
loss AND If a loss occurs, the insured normally has 60 days to file a proof of loss with
the insurer
Q: Which types of property are excluded from coverage under the basic fire policy?
Answer
accounts, currency, deeds, and securities
,Q: Who is insured under the Standard Fire policy?
Answer
the named insured and his legal representatives
Q: An agreement which affords temporary insurance protection until the policy is
issued is called:
Answer
a binder
Q: as a general rule, a complete fire insurance policy would be made up of:
Answer
the Standard Fire policy with one or more forms attached
Q: The one condition listed below which will not void a fire policy:
a) false swearing
b) misrepresentation
c) over-insurance
d) concealment
Answer
over-insurance
, Q: replacement cost minus depreciation:
Answer
Actual Cash Value (ACV)
Q: The Standard Fire policy with an extended coverage endorsement attached covers
which of the following:
Answer
riot
Q: A loss due to order of Civil Authority:
Answer
is excluded unless the loss occurs because of an order by Civil Authorities for the
purpose of controlling a fire
Q: The term "unoccupancy" refers to the absence of :
Answer
persons from a building
Q: Suppose a fire occurs on February 26th. On April 30th, the insurance company
notifies the mortgagee the insured has not filed a proof of loss. To protect their interest,
the mortgagee must file a proof of loss within _________ days after what date?
2026/2027 | Real Exam Questions & Verified Answers |
Complete Prep Guide | Grade A
Q: Which kind of losses are covered under a standard fire policy?
Answer
Direct
Q: All fires are not covered by the Standard Fire policies, only those that:
Answer
are hostile and have a flame or glow
Q: At what time does a fire policy go into affect?
Answer
12:01am standard time at the location of the insured's property
Q: A property is insured under two Standard Fire policies for $25,000 each. A fire
causes $10,000 worth of damage. What is the maximum amount the insured may collect
under each policy?
Answer
$5,000
,Q: A fire burning in the middle of the living room would be considered:
Answer
a hostile fire
Q: An insured's house is damaged by fire caused by a neighbor's negligence. The
insurance company will attempt to recover damage from the neighbor. This is called:
Answer
subrogation
Q: Which of the following statements are true concerning requirements of the
standard fire policy?
Answer
The insured must separate damaged from undamaged property in the event there is a
loss AND If a loss occurs, the insured normally has 60 days to file a proof of loss with
the insurer
Q: Which types of property are excluded from coverage under the basic fire policy?
Answer
accounts, currency, deeds, and securities
,Q: Who is insured under the Standard Fire policy?
Answer
the named insured and his legal representatives
Q: An agreement which affords temporary insurance protection until the policy is
issued is called:
Answer
a binder
Q: as a general rule, a complete fire insurance policy would be made up of:
Answer
the Standard Fire policy with one or more forms attached
Q: The one condition listed below which will not void a fire policy:
a) false swearing
b) misrepresentation
c) over-insurance
d) concealment
Answer
over-insurance
, Q: replacement cost minus depreciation:
Answer
Actual Cash Value (ACV)
Q: The Standard Fire policy with an extended coverage endorsement attached covers
which of the following:
Answer
riot
Q: A loss due to order of Civil Authority:
Answer
is excluded unless the loss occurs because of an order by Civil Authorities for the
purpose of controlling a fire
Q: The term "unoccupancy" refers to the absence of :
Answer
persons from a building
Q: Suppose a fire occurs on February 26th. On April 30th, the insurance company
notifies the mortgagee the insured has not filed a proof of loss. To protect their interest,
the mortgagee must file a proof of loss within _________ days after what date?
