INSURANCE ADJUSTER BOARD EVALUATION GUARANTEED PASS UPDATED ACTUAL EXAM
QUESTIONS CORRECT ANSWERS GRADED A PLUS
● Types of adjusters (Five). Answer: staff adjusters, independent
adjusters, contractors, public adjusters, temporary/emergency licenses
● Staff Adjusters. Answer: on the payroll of an insurance company and
are paid a salary or the the hour
● independent adjusters. Answer: usually handle claims for more than
one company and receive a fee based on time and expense. May be on
the payroll of an independent adjusting firm and receive an annual
salary. Some are paid a percentage of the loss, and others are paid a per
diem.
● Contractors. Answer: may work for a company that furnishes adjusters
for the handling of catastrophic losses. Paid the same as independents.
● Public Adjusters. Answer: work on the behalf of the insured in
negotiating a claim settlement. Requires another license.
, ● Temporary/Emergency licenses. Answer: the Department allows
temporary licenses for the purposes of training and in cases of
emergencies.
-catastrophe
-five-day notice, for training: firm or person requesting the emergency or
temporary license is responsible for the actions of the licensee.
● Line of business adjuster licenses (Three). Answer: adjuster-workers'
compensation, Adjuster-property and causality, Adjuster- all lines
● Adjuster-workers' compensation. Answer: allows a person to adjust
and/or supervise all workers' compensation, employers liability, US
Longshore and Harbor Workers' Compensation Act, Jones Act, and all
other federal acts.
● Adjuster-property and casualty. Answer: allows a person to adjust
and/or supervise claims in all areas of property and casualty insurance
except workers' compensation.
● Adjuster-all lines. Answer: The license allows a person to adjust
and/or supervise claims in all lines of insurance included in both
workers' compensation and property and casualty.
QUESTIONS CORRECT ANSWERS GRADED A PLUS
● Types of adjusters (Five). Answer: staff adjusters, independent
adjusters, contractors, public adjusters, temporary/emergency licenses
● Staff Adjusters. Answer: on the payroll of an insurance company and
are paid a salary or the the hour
● independent adjusters. Answer: usually handle claims for more than
one company and receive a fee based on time and expense. May be on
the payroll of an independent adjusting firm and receive an annual
salary. Some are paid a percentage of the loss, and others are paid a per
diem.
● Contractors. Answer: may work for a company that furnishes adjusters
for the handling of catastrophic losses. Paid the same as independents.
● Public Adjusters. Answer: work on the behalf of the insured in
negotiating a claim settlement. Requires another license.
, ● Temporary/Emergency licenses. Answer: the Department allows
temporary licenses for the purposes of training and in cases of
emergencies.
-catastrophe
-five-day notice, for training: firm or person requesting the emergency or
temporary license is responsible for the actions of the licensee.
● Line of business adjuster licenses (Three). Answer: adjuster-workers'
compensation, Adjuster-property and causality, Adjuster- all lines
● Adjuster-workers' compensation. Answer: allows a person to adjust
and/or supervise all workers' compensation, employers liability, US
Longshore and Harbor Workers' Compensation Act, Jones Act, and all
other federal acts.
● Adjuster-property and casualty. Answer: allows a person to adjust
and/or supervise claims in all areas of property and casualty insurance
except workers' compensation.
● Adjuster-all lines. Answer: The license allows a person to adjust
and/or supervise claims in all lines of insurance included in both
workers' compensation and property and casualty.
