RHODE ISLAND ADJUSTER UPDATED
Exam Questions and CORRECT Answers
HOW MANY DAYS DOES THE INSURER HAVE TO SEND OUT FORMS WHEN
NOTIFIED OF AN INCIDENT? - Correct Answer- 10 DAYS
AT WHAT TIME IS THE POLICY EFFECTIVE? - Correct Answer- 12:01 AM
WHAT IS THE MAIN DIFFERENCE BETWEEN A NON-WAIVER AGREEMENT AND A
ROR? - Correct Answer- -NON-WAIVER IS SIGNED BY THE INSURED AND INSURER
-ROR IS A LETTER
IF AN INSURED IS COVERED BY 2 POLICIES ON ONE LOSS AND THE INS.
COMPANIES SETTLE IT, WHAT CLAUSE WOULD THIS BE UNDER? - Correct
Answer- OTHER INSURANCE CLAUSE
WHEN AN INSURED REQUESTS STATUS UPDATE, HOW MANY DAYS DOES THE
ADJ HAVE TO NOTIFY THEM IN WRITING THAT STILL INVEST.? - Correct Answer-
10 DAYS
IF AN INSURED HAS A PAP & THEIR VEHICLE IS DAMAGED IN A HURRICANE
WHAT KIND OF CLAIM WOULD BE OPENED? - Correct Answer- WINDSTORM AND
FLOOD/OTHER THAN COLLISION
HOW MANY DAYS AFTER FIRST INITIATING A CLAIM DO YOU HAVE TO
REQUEST AN EXTENSION TO COMPLETE THE INVESTIGATION? - Correct Answer-
15 DAYS
IS AN ADJUSTER SUBJECT TO PUBLIC CENSURE AS A FINE? - Correct Answer- NO
ARE THE CONDITIONS INCLUDED IN THE DECLARATIONS SECTION OF THE
PAP? - Correct Answer- NO
, WOULD FENCES BE CONSIDERED APPURTENANT UNDER THE HOMEOWNERS
POLICY? - Correct Answer- YES
UNDER PAP, WOULD YOU HAVE COVERAGE FOR ROAD DAMAGE TO TIRES DUE
TO THEFT? - Correct Answer- YES
FOR $25 TO $200 WOULD AN INSURER REIMBURSE YOU FOR A TEMP.
SUBSTITUTE? - Correct Answer- NO
IN RI, IF A VEHICLE IS INSURED BY 2 INSURERS, HOW DO THEY ALLOT
PAYMENTS FOR THE DAMAGES? - Correct Answer- PROPORTIONATE TO EACH
POLICIE'S LIMITS
WHAT ACT WOULD BE CONSIDERED ILLEGAL UNDER THE UNFAIR CLAIMS
PRACTICE ACT? - Correct Answer- PAYMENT BEFORE THOROUGH INVESTIGATION
IF DAMAGES ARE CAUSED UNDER LIABILITY COVERAGE, WHO HAS THE
BURDEN OF PROOF FOR THE LOSS? - Correct Answer- THE CLAIMANT- PERSON
ASSERTING THE CLAIM
AN INSURED HAS THE RIGHT TO SUBROGATE FOR DAMAGES FROM WHOM? -
Correct Answer- THE RESPONSIBLE PARTY
TRUE OR FALSE
AN UNENDORDSED PAP, RENTAL COVERAGE MAY BE AFFORDED IN THE EVENT
THAT AN INSURED VEHICLE IS STOLEN. - Correct Answer- TRUE
WHAT IS IT CALLED WHEN AN INSURED RECEIVES ADDITIONAL COVERAGE BY
THE INSURER DURING POLICY PERIOD AT NO COST TO THE INSURED? - Correct
Answer- LIBERALIZATION
TRUE OR FALSE
AN INSURED'S TEMP. SUBSTITUTE WOULD BE COVERED IN THE EVENT THAT IT
IS A RENTAL FOR VACATION - Correct Answer- TRUE
Exam Questions and CORRECT Answers
HOW MANY DAYS DOES THE INSURER HAVE TO SEND OUT FORMS WHEN
NOTIFIED OF AN INCIDENT? - Correct Answer- 10 DAYS
AT WHAT TIME IS THE POLICY EFFECTIVE? - Correct Answer- 12:01 AM
WHAT IS THE MAIN DIFFERENCE BETWEEN A NON-WAIVER AGREEMENT AND A
ROR? - Correct Answer- -NON-WAIVER IS SIGNED BY THE INSURED AND INSURER
-ROR IS A LETTER
IF AN INSURED IS COVERED BY 2 POLICIES ON ONE LOSS AND THE INS.
COMPANIES SETTLE IT, WHAT CLAUSE WOULD THIS BE UNDER? - Correct
Answer- OTHER INSURANCE CLAUSE
WHEN AN INSURED REQUESTS STATUS UPDATE, HOW MANY DAYS DOES THE
ADJ HAVE TO NOTIFY THEM IN WRITING THAT STILL INVEST.? - Correct Answer-
10 DAYS
IF AN INSURED HAS A PAP & THEIR VEHICLE IS DAMAGED IN A HURRICANE
WHAT KIND OF CLAIM WOULD BE OPENED? - Correct Answer- WINDSTORM AND
FLOOD/OTHER THAN COLLISION
HOW MANY DAYS AFTER FIRST INITIATING A CLAIM DO YOU HAVE TO
REQUEST AN EXTENSION TO COMPLETE THE INVESTIGATION? - Correct Answer-
15 DAYS
IS AN ADJUSTER SUBJECT TO PUBLIC CENSURE AS A FINE? - Correct Answer- NO
ARE THE CONDITIONS INCLUDED IN THE DECLARATIONS SECTION OF THE
PAP? - Correct Answer- NO
, WOULD FENCES BE CONSIDERED APPURTENANT UNDER THE HOMEOWNERS
POLICY? - Correct Answer- YES
UNDER PAP, WOULD YOU HAVE COVERAGE FOR ROAD DAMAGE TO TIRES DUE
TO THEFT? - Correct Answer- YES
FOR $25 TO $200 WOULD AN INSURER REIMBURSE YOU FOR A TEMP.
SUBSTITUTE? - Correct Answer- NO
IN RI, IF A VEHICLE IS INSURED BY 2 INSURERS, HOW DO THEY ALLOT
PAYMENTS FOR THE DAMAGES? - Correct Answer- PROPORTIONATE TO EACH
POLICIE'S LIMITS
WHAT ACT WOULD BE CONSIDERED ILLEGAL UNDER THE UNFAIR CLAIMS
PRACTICE ACT? - Correct Answer- PAYMENT BEFORE THOROUGH INVESTIGATION
IF DAMAGES ARE CAUSED UNDER LIABILITY COVERAGE, WHO HAS THE
BURDEN OF PROOF FOR THE LOSS? - Correct Answer- THE CLAIMANT- PERSON
ASSERTING THE CLAIM
AN INSURED HAS THE RIGHT TO SUBROGATE FOR DAMAGES FROM WHOM? -
Correct Answer- THE RESPONSIBLE PARTY
TRUE OR FALSE
AN UNENDORDSED PAP, RENTAL COVERAGE MAY BE AFFORDED IN THE EVENT
THAT AN INSURED VEHICLE IS STOLEN. - Correct Answer- TRUE
WHAT IS IT CALLED WHEN AN INSURED RECEIVES ADDITIONAL COVERAGE BY
THE INSURER DURING POLICY PERIOD AT NO COST TO THE INSURED? - Correct
Answer- LIBERALIZATION
TRUE OR FALSE
AN INSURED'S TEMP. SUBSTITUTE WOULD BE COVERED IN THE EVENT THAT IT
IS A RENTAL FOR VACATION - Correct Answer- TRUE
