GEORGIA CLAIMS ADJUSTER LICENSING EXAM
LATEST 2024 ACTUAL QUESTIONS AND CORRECT
ANSWERS|A GRADED
________ is a legal term describing an intentional act that is illegal or morally wrong, that contributes to
the injury of another person. - ANSMalfeasance
A commercial lines policy has been in effect for more than 60 days.The insurer intends to cancel for an
approved reason other than non-payment of premium. How many days advance cancellation notice must
be sent to the first named insured? - ANS45 days
A dual capacity claim in Worker's Comp is filed - ANSAgainst an employer that was acting in any capacity
"Other Than an Employer" at the time the injury occurred.
A loss reserving method that establishes aggregate reserves for all claims for a single line of insurance is
known as: - ANSLoss ratio method
A manufacturing company is sending two U.S. employees to Russia to discuss their products and visit a
similar Russian manufacturing plant. What coverage would be needed for injuries they may incur in a
work-related accident while abroad? - ANSAdd the Foreign Coverage Endorsement to the company's
workers' compensation policy.
A surety bond is: - ANSA form of credit
A typical directors and officers liability policy covers each of the following, EXCEPT: - ANSA D&O policy
protects corporate officers and directors. Typically, no coverage is provided for the entity itself, apart from
its obligation to reimburse the officers and directors for expenses and damages paid in legal proceedings
that are allowed by its bylaws.
A warranty is something that becomes part of the contract and is a statement that is considered to be a
guarantee of truth for the entire term of the policy. - ANS
Adjusters must maintain record of each investigation or adjustment undertaken, and a statement of any
fee, commission, or other compensation received or to be received on account of the investigation or
adjustment. How long must the records be maintained for examination? - ANS5
Advertising injury coverage applies only if the offense arises from: - ANSMisappropriation of ideas or
copyright infringement in the course of any advertising
Agent Rice informs the insured that he needs to secure motor vehicle records on all of the drivers in the
household based on company requirements. This is an example of Agent Rice's: - ANSImplied authority -
the authority the agent believes he has in order to do his job properly
Algae are NOT included in the definition of "fungus" under the additional coverage of the cause of loss
forms. - ANS
All of the following statements are true regarding an interline endorsement used in a Commercial
Package policy (CPP), EXCEPT: - ANSInterline endorsements are used in the CPP to simplify coverages
and conditions among many different forms and apply only to two or more coverage parts.
All of the following would be covered under a Builders Risk Policy, EXCEPT: - ANSA prospective buyer
All resident and nonresident licensees must promptly notify the Commissioner in writing within _____ of
any change in the business address. - ANS30 Days
, GEORGIA CLAIMS ADJUSTER LICENSING EXAM
LATEST 2024 ACTUAL QUESTIONS AND CORRECT
ANSWERS|A GRADED
An insured carries a liability policy and an umbrella policy. The verdict in a personal injury liability suit was
higher than the insured's underlying liability policy's limit of insurance. In this situation: - ANSThe
insurance company providing the insured's umbrella liability policy can appeal the case at its own
expense even if the insured and the company providing the underlying policy do not appeal.
An insured has purchased BAP physical damage coverage against specified causes of loss. Protection
applies to all of the following perils, EXCEPT: - ANSFalling objects
Any rules or regulations established by the Georgia Insurance Commissioner must be approved by: -
ANSState Attorney General
Binders can be made either in writing or made orally for a period of 90 days. - ANSThey can be extended
for another 90 days with the written approval of the Insurance Commissioner.
Churning - ANSChurning occurs when an insurance agent replaces a policyholder's insurance policy for
another insurance policy, usually without consulting the policyholder and often with no changes to the
coverage itself. Agents who engage in churning do so in order to secure an additional commission for the
new policy they swap in.
Coverage D - Loss of Use on the Homeowners forms provides coverage for "Civil Authority Prohibits Use"
for: - ANSNo more than two weeks.
Coverage for workers compensation coverage in Georgia is optional for which of the following? - ANSA
partner or sole proprietor
A partner or sole proprietor is not an employee of the business unless he/she wishes to be included as an
employee in the coverage provisions and so advises his or her insurance company.
DIC insurance covers any cause of loss that leaves the property in a different condition than it was prior
to the loss, up to the limit specified in the policy. This type of insurance does not cover fire or any of the
extended coverage perils. - ANS
Errors and omissions claims may be brought against insurance agents/producers by: - ANSTheir
clients/insureds and the insurance companies with whom the agent/producer contracts.
Georgia has a valued policy law that applies to insurance on a one or two family dwelling. If a total loss
occurs to the dwelling after the policy has been in effect for 30 or more days, the insurance company
must: - ANSPay the full amount of insurance on the dwelling.
Georgia licensees may carry forward continuing education credit not to exceed ___ of the annual
continuing education requirement. - ANS50%
How long can temporary total disability payments be made to an injured employee? - ANS400 weeks
How soon, following a hearing, must the Commissioner enter an "order" revealing his or her findings? -
ANSNo later than 30 days
If an injured employee hires an attorney to represent them in a workers compensation claim dispute, what
percentage of the income benefits can the attorney charge for the representation? - ANS25%
If an insured intentionally conceals a material fact on an application for insurance, the coverage may be: -
ANSVoided
LATEST 2024 ACTUAL QUESTIONS AND CORRECT
ANSWERS|A GRADED
________ is a legal term describing an intentional act that is illegal or morally wrong, that contributes to
the injury of another person. - ANSMalfeasance
A commercial lines policy has been in effect for more than 60 days.The insurer intends to cancel for an
approved reason other than non-payment of premium. How many days advance cancellation notice must
be sent to the first named insured? - ANS45 days
A dual capacity claim in Worker's Comp is filed - ANSAgainst an employer that was acting in any capacity
"Other Than an Employer" at the time the injury occurred.
A loss reserving method that establishes aggregate reserves for all claims for a single line of insurance is
known as: - ANSLoss ratio method
A manufacturing company is sending two U.S. employees to Russia to discuss their products and visit a
similar Russian manufacturing plant. What coverage would be needed for injuries they may incur in a
work-related accident while abroad? - ANSAdd the Foreign Coverage Endorsement to the company's
workers' compensation policy.
A surety bond is: - ANSA form of credit
A typical directors and officers liability policy covers each of the following, EXCEPT: - ANSA D&O policy
protects corporate officers and directors. Typically, no coverage is provided for the entity itself, apart from
its obligation to reimburse the officers and directors for expenses and damages paid in legal proceedings
that are allowed by its bylaws.
A warranty is something that becomes part of the contract and is a statement that is considered to be a
guarantee of truth for the entire term of the policy. - ANS
Adjusters must maintain record of each investigation or adjustment undertaken, and a statement of any
fee, commission, or other compensation received or to be received on account of the investigation or
adjustment. How long must the records be maintained for examination? - ANS5
Advertising injury coverage applies only if the offense arises from: - ANSMisappropriation of ideas or
copyright infringement in the course of any advertising
Agent Rice informs the insured that he needs to secure motor vehicle records on all of the drivers in the
household based on company requirements. This is an example of Agent Rice's: - ANSImplied authority -
the authority the agent believes he has in order to do his job properly
Algae are NOT included in the definition of "fungus" under the additional coverage of the cause of loss
forms. - ANS
All of the following statements are true regarding an interline endorsement used in a Commercial
Package policy (CPP), EXCEPT: - ANSInterline endorsements are used in the CPP to simplify coverages
and conditions among many different forms and apply only to two or more coverage parts.
All of the following would be covered under a Builders Risk Policy, EXCEPT: - ANSA prospective buyer
All resident and nonresident licensees must promptly notify the Commissioner in writing within _____ of
any change in the business address. - ANS30 Days
, GEORGIA CLAIMS ADJUSTER LICENSING EXAM
LATEST 2024 ACTUAL QUESTIONS AND CORRECT
ANSWERS|A GRADED
An insured carries a liability policy and an umbrella policy. The verdict in a personal injury liability suit was
higher than the insured's underlying liability policy's limit of insurance. In this situation: - ANSThe
insurance company providing the insured's umbrella liability policy can appeal the case at its own
expense even if the insured and the company providing the underlying policy do not appeal.
An insured has purchased BAP physical damage coverage against specified causes of loss. Protection
applies to all of the following perils, EXCEPT: - ANSFalling objects
Any rules or regulations established by the Georgia Insurance Commissioner must be approved by: -
ANSState Attorney General
Binders can be made either in writing or made orally for a period of 90 days. - ANSThey can be extended
for another 90 days with the written approval of the Insurance Commissioner.
Churning - ANSChurning occurs when an insurance agent replaces a policyholder's insurance policy for
another insurance policy, usually without consulting the policyholder and often with no changes to the
coverage itself. Agents who engage in churning do so in order to secure an additional commission for the
new policy they swap in.
Coverage D - Loss of Use on the Homeowners forms provides coverage for "Civil Authority Prohibits Use"
for: - ANSNo more than two weeks.
Coverage for workers compensation coverage in Georgia is optional for which of the following? - ANSA
partner or sole proprietor
A partner or sole proprietor is not an employee of the business unless he/she wishes to be included as an
employee in the coverage provisions and so advises his or her insurance company.
DIC insurance covers any cause of loss that leaves the property in a different condition than it was prior
to the loss, up to the limit specified in the policy. This type of insurance does not cover fire or any of the
extended coverage perils. - ANS
Errors and omissions claims may be brought against insurance agents/producers by: - ANSTheir
clients/insureds and the insurance companies with whom the agent/producer contracts.
Georgia has a valued policy law that applies to insurance on a one or two family dwelling. If a total loss
occurs to the dwelling after the policy has been in effect for 30 or more days, the insurance company
must: - ANSPay the full amount of insurance on the dwelling.
Georgia licensees may carry forward continuing education credit not to exceed ___ of the annual
continuing education requirement. - ANS50%
How long can temporary total disability payments be made to an injured employee? - ANS400 weeks
How soon, following a hearing, must the Commissioner enter an "order" revealing his or her findings? -
ANSNo later than 30 days
If an injured employee hires an attorney to represent them in a workers compensation claim dispute, what
percentage of the income benefits can the attorney charge for the representation? - ANS25%
If an insured intentionally conceals a material fact on an application for insurance, the coverage may be: -
ANSVoided
