All Lines Adjuster Exam
All Lines Adjuster Exam
Study online at https://quizlet.com/_8a8j24
1. The insured has filed a claim un- A recipient location
der the "Business Income Depart-
ment Properties - Broad Form" be-
cause the primary buyer of products
and services from the business has
filed for bankruptcy under this form
the primary buyers business would
be known as
2. recipient location Businesses who support insured by being the pri-
mary buyer for their products
3. HO-3 (special form) covers the dwelling and other structures on a
risk-of-direct-physical loss basis. All direct physical
losses are covered except those losses specifically
excluded. Personal property is covered on a named
perils basis
4. HO-5 Comprehensive Form provides open perils coverage ("all-risks coverage")
on the dwelling, other structures and personal
property.
5. HO-2 (broad form) covers the dwelling, other structures, and personal
property on a named perils basis
6. HO-4 (contents broad form) Only covers a tenant's personal property on a
named perils basis
7. The dwelling is insured for 200,000 Nothing farm property are not eligible under the
under DP-2 dwelling policy how dwelling policy.
much coverage applies to the barn?
8. Temporary Substitute Auto
, All Lines Adjuster Exam
All Lines Adjuster Exam
Study online at https://quizlet.com/_8a8j24
A Covered Auto includes those vehi-
cle(s) listed on the Declarations, plus
any trailers or wagons owned by the
Named Insured, any newly acquired
vehicles, and any vehicle used as a
_________.
9. The covered auto is defined in the Answer: A
policy as all of the following EXCEPT:
A) any additional auto acquired in the An additional auto acquired during the policy pe-
past 30 days. riod is considered a covered auto. However, some
B) any auto shown in the declara- restrictions do apply. For example, if the newly ac-
tions. quired auto is in addition to any vehicle shown on
C) any auto used as a temporary sub- the declarations, it must be insured within 14 days
stitute while an insured auto is being of the purchase date. If it replaces one of the cars,
repaired. the insured does not need to add it during that
D) any trailer owned by the insured or policy period.
spouse.
10. Coverage F on homeowners policy Medical payments to others; pays all necessary
provides medical expenses for up to three years after an
accident.
11. Coverage F: Medical Payments to Does not apply to the insured or members of the
Others insured's household
Not liability coverage and is not base on fault
12. An insured has taken inventory of No coverage would apply, there is no coverage for
his merchandise and discovers a sub- missing property when there is no physical evidence
stantial shortage of valuable stock. to show cause of loss
He submits a claim to his insurance
carrier that provides his coverage un-
, All Lines Adjuster Exam
All Lines Adjuster Exam
Study online at https://quizlet.com/_8a8j24
der a Business Owners Policy. What
coverage is provided by the BOP?
13. Arbitration (ADR) Neutral third party hears a dispute and makes a
decision both parties have agreed to follow.
14. Mediation A method of settling disputes outside of court by
using the services of a neutral third party, called
a mediator. The mediator acts as a communicat-
ing agent between the parties and suggests ways
in which the parties can resolve their dispute. Not
binding.
15. Difference between Arbitration and Mediation is not binding, Arbitration is.
Meditation?
16. Mediation-Arbitration If the parties cannot reach a settlement through
mediation, an arbitrator will resolve the dispute.
17. The building and personal property Whether attached to the building or not for up to
coverage form provides coverage for 2,500 if damaged by a peril insured against.
outdoor signs
18. Building and Personal Property Cov- Commercial Property coverage form that covers
erage Form buildings, the insured's business personal property,
and the personal property of others located at the
business premises
19. Foreseeability Test To determine if the defendant's conduct was the
proximate cause of the plaintiff's injury, the court
applies
20. Foreseeability
All Lines Adjuster Exam
Study online at https://quizlet.com/_8a8j24
1. The insured has filed a claim un- A recipient location
der the "Business Income Depart-
ment Properties - Broad Form" be-
cause the primary buyer of products
and services from the business has
filed for bankruptcy under this form
the primary buyers business would
be known as
2. recipient location Businesses who support insured by being the pri-
mary buyer for their products
3. HO-3 (special form) covers the dwelling and other structures on a
risk-of-direct-physical loss basis. All direct physical
losses are covered except those losses specifically
excluded. Personal property is covered on a named
perils basis
4. HO-5 Comprehensive Form provides open perils coverage ("all-risks coverage")
on the dwelling, other structures and personal
property.
5. HO-2 (broad form) covers the dwelling, other structures, and personal
property on a named perils basis
6. HO-4 (contents broad form) Only covers a tenant's personal property on a
named perils basis
7. The dwelling is insured for 200,000 Nothing farm property are not eligible under the
under DP-2 dwelling policy how dwelling policy.
much coverage applies to the barn?
8. Temporary Substitute Auto
, All Lines Adjuster Exam
All Lines Adjuster Exam
Study online at https://quizlet.com/_8a8j24
A Covered Auto includes those vehi-
cle(s) listed on the Declarations, plus
any trailers or wagons owned by the
Named Insured, any newly acquired
vehicles, and any vehicle used as a
_________.
9. The covered auto is defined in the Answer: A
policy as all of the following EXCEPT:
A) any additional auto acquired in the An additional auto acquired during the policy pe-
past 30 days. riod is considered a covered auto. However, some
B) any auto shown in the declara- restrictions do apply. For example, if the newly ac-
tions. quired auto is in addition to any vehicle shown on
C) any auto used as a temporary sub- the declarations, it must be insured within 14 days
stitute while an insured auto is being of the purchase date. If it replaces one of the cars,
repaired. the insured does not need to add it during that
D) any trailer owned by the insured or policy period.
spouse.
10. Coverage F on homeowners policy Medical payments to others; pays all necessary
provides medical expenses for up to three years after an
accident.
11. Coverage F: Medical Payments to Does not apply to the insured or members of the
Others insured's household
Not liability coverage and is not base on fault
12. An insured has taken inventory of No coverage would apply, there is no coverage for
his merchandise and discovers a sub- missing property when there is no physical evidence
stantial shortage of valuable stock. to show cause of loss
He submits a claim to his insurance
carrier that provides his coverage un-
, All Lines Adjuster Exam
All Lines Adjuster Exam
Study online at https://quizlet.com/_8a8j24
der a Business Owners Policy. What
coverage is provided by the BOP?
13. Arbitration (ADR) Neutral third party hears a dispute and makes a
decision both parties have agreed to follow.
14. Mediation A method of settling disputes outside of court by
using the services of a neutral third party, called
a mediator. The mediator acts as a communicat-
ing agent between the parties and suggests ways
in which the parties can resolve their dispute. Not
binding.
15. Difference between Arbitration and Mediation is not binding, Arbitration is.
Meditation?
16. Mediation-Arbitration If the parties cannot reach a settlement through
mediation, an arbitrator will resolve the dispute.
17. The building and personal property Whether attached to the building or not for up to
coverage form provides coverage for 2,500 if damaged by a peril insured against.
outdoor signs
18. Building and Personal Property Cov- Commercial Property coverage form that covers
erage Form buildings, the insured's business personal property,
and the personal property of others located at the
business premises
19. Foreseeability Test To determine if the defendant's conduct was the
proximate cause of the plaintiff's injury, the court
applies
20. Foreseeability
