AL Practice Exam – Adjusting Exam Card QUESTIONS AND CORRECT DETAILED ANSWERS ( VERIFIED ANSWERS) |ALREADY GRADED A+ 2023

AL Practice Exam – Adjusting Exam Card QUESTIONS AND CORRECT DETAILED ANSWERS ( VERIFIED ANSWERS) |ALREADY GRADED A+ 2023 If an Alabama insurer wants to cancel a HO policy because the policyholder isn't paying premiums, it needs to give the policyholder ____ days advance notice. - CORRECT ANSWER A. 10 B. Which of the following statements regarding health insurance is TRUE? - CORRECT ANSWER D. To be covered, members of an HMO must receive treatment for their medical conditions within the established network of healthcare providers. With respect to Inland Marine insurance, a "Block" policy (such as a Jewelers Block policy, or a Furriers Block policy) is an example of: - CORRECT ANSWER A. a Commercial Floater. D. Farmer Scott owns a farm and raises goats, producing a lot of manure. Occasionally, after a strong rain, some of the waste washes into a nearby river. Which insurance coverage can protect Scott from any liability caused by the goat waste runoff? - CORRECT ANSWER C. Farm Pollution Liability If a claimant has a history of similar claims, that could mean: - CORRECT ANSWER A. the policy should be amended. B. it is important to investigate for fraud. C. the policy coverage should be increased. Your Answer D. it will be necessary to take a safety class. John owes a lot more on his car than it is worth. He figures he would be better off if he burned the car and collected an insurance settlement. He has someone set fire to his garage to destroy the car. John's behavior would be considered a: - CORRECT ANSWER A.moral hazard. C. Lucy has insurance on an expensive necklace she likes to wear to work every day. After work, she takes it off and leaves it in her car's cupholder so she can put it back on in the morning on her way to work. Lucy's behavior would be considered a: - CORRECT ANSWER C.