1
CALIFORNIA ADJUSTER PSI EXAM
QUESTIONS WITH VERIFIED
SOLUTIONS
What is the appropriate manner in which to sign a release in all claims?
A business may use it's "doing business as".
An individual may use an a.k.a.
Use of full legal name.
All of the responses are correct. - correct-answer - The correct answer is: Use of
full legal name.
EXPLANATION:
A signature is not deemed valid unless it is the individual's or business entity's full
legal name.
, 2
Which of the following is not "mobile equipment" under the BAP?
A self-propelled vehicle with permanently attached street-cleaning equipment.
A Caterpillar tractor.
A forklift.
An electric-powered cart used solely for transportation within a large warehouse.
- correct-answer - The correct answer is: A self-propelled vehicle with
permanently attached street-cleaning equipment.
EXPLANATION:
In the definitions of "mobile equipment" which is usually covered by the CGL
policy, a self-propelled vehicle with permanently attached street-cleaning
equipment is considered to be an auto and not "mobile equipment".
All of the following people/businesses would have a personal injury liability
exposure that should be covered by insurance, EXCEPT:
, 3
The owner of a store in a mall who may follow customers around the store if he
suspects them of shoplifting.
A TV station whose reporters may do feature stories on high profile persons that
might include private information about their personal lives.
A landlord who evicts a tenant for not paying the rent and suspicion of illegal use
of the premises.
The owner of a store in a mall who detains customers he suspects of shoplifting
until the police arrive. - correct-answer - The correct answer is: The owner of a
store in a mall who may follow customers around the store if he suspects them of
shoplifting..
EXPLANATION:
The owner that follows a person he suspects of shoplifting, but does not detain
them, would not have a personal injury liability exposure unless he takes some
action such as having the suspect falsely arrested, detained or imprisoned.
Under the HO-3 form, an "insured location" includes all of following, EXCEPT:
, 4
A furnished garage used as a residence
A hotel room where the insured is temporarily residing
Family cemetery plots
Property in an apartment rented to others away from the insured's residence
premises. - correct-answer - The correct answer is: Property in an apartment
rented to others away from the insured's residence premises.
EXPLANATION:
An insured location does not include property in an apartment rented to others
that is away from the insured's residence premises.
The Commercial Building and Personal Property Coverage Form includes an
Additional Coverage for property removed from the premises because of being
endangered by an insured peril. The coverage lasts for:
30 days after the property is first moved.
5 days after the property is first moved.
10 days after the property is first moved.
CALIFORNIA ADJUSTER PSI EXAM
QUESTIONS WITH VERIFIED
SOLUTIONS
What is the appropriate manner in which to sign a release in all claims?
A business may use it's "doing business as".
An individual may use an a.k.a.
Use of full legal name.
All of the responses are correct. - correct-answer - The correct answer is: Use of
full legal name.
EXPLANATION:
A signature is not deemed valid unless it is the individual's or business entity's full
legal name.
, 2
Which of the following is not "mobile equipment" under the BAP?
A self-propelled vehicle with permanently attached street-cleaning equipment.
A Caterpillar tractor.
A forklift.
An electric-powered cart used solely for transportation within a large warehouse.
- correct-answer - The correct answer is: A self-propelled vehicle with
permanently attached street-cleaning equipment.
EXPLANATION:
In the definitions of "mobile equipment" which is usually covered by the CGL
policy, a self-propelled vehicle with permanently attached street-cleaning
equipment is considered to be an auto and not "mobile equipment".
All of the following people/businesses would have a personal injury liability
exposure that should be covered by insurance, EXCEPT:
, 3
The owner of a store in a mall who may follow customers around the store if he
suspects them of shoplifting.
A TV station whose reporters may do feature stories on high profile persons that
might include private information about their personal lives.
A landlord who evicts a tenant for not paying the rent and suspicion of illegal use
of the premises.
The owner of a store in a mall who detains customers he suspects of shoplifting
until the police arrive. - correct-answer - The correct answer is: The owner of a
store in a mall who may follow customers around the store if he suspects them of
shoplifting..
EXPLANATION:
The owner that follows a person he suspects of shoplifting, but does not detain
them, would not have a personal injury liability exposure unless he takes some
action such as having the suspect falsely arrested, detained or imprisoned.
Under the HO-3 form, an "insured location" includes all of following, EXCEPT:
, 4
A furnished garage used as a residence
A hotel room where the insured is temporarily residing
Family cemetery plots
Property in an apartment rented to others away from the insured's residence
premises. - correct-answer - The correct answer is: Property in an apartment
rented to others away from the insured's residence premises.
EXPLANATION:
An insured location does not include property in an apartment rented to others
that is away from the insured's residence premises.
The Commercial Building and Personal Property Coverage Form includes an
Additional Coverage for property removed from the premises because of being
endangered by an insured peril. The coverage lasts for:
30 days after the property is first moved.
5 days after the property is first moved.
10 days after the property is first moved.
