2024 NM Adjuster Exam, continued
continued practice exam, Property
Casualty, CIR- FINAL EXAM, NM
adjusters review, NY Practice exam
w/feedback, Practice Exam #3, CIR-
FINAL EXAM, Insurance adjuster
exam questions Test bank final
update with all correct answers
graded A+
,Greg works for XYZ Insurance. Part of his daily tasks involve visiting sites,
investigating liability, and determining the time and cost of repairs. On
occasion, Greg will have to negotiate with claimants as part of his job.
Which type of agent is Greg? - CORRECT ANSWERS-Claims Adjuster
Whose responsibility is it to maintain an open line of communication during
the settlement process? - CORRECT ANSWERS-The Adjuster
Which of the following people are in the process of submitting a formal
request to settle the damage? - CORRECT ANSWERS-Grace is filing a
claim with her insurer for hail damage to her roof.
What does a declaratory judgment action seek? - CORRECT ANSWERS-
Legal Clarification of policy coverage
an insurance contract, the policyholder gives the insurer ___ and the
insurer gives the policyholder ___. - CORRECT ANSWERS-premium
payments; peace of mind
Which of the following people does NOT have an insurable interest in an
insured property? - CORRECT ANSWERS-A homeowner's interest in the
local town water pipes that deliver water to his home.
In the event of a catastrophe, emergency adjuster licenses in New Mexico
are valid for: - CORRECT ANSWERS-90 days.
Cindy falls down the stairs at Jane's house and breaks her arm, resulting in
$2,500 in medical expenses. Jane's homeowner's insurance will cover the
liability, but Cindy is particularly mad at Jane for not keeping her house in
order and is seeking punitive damages. Jane's insurance adjuster informs
the two of them that they will likely have to go to court to settle the dispute
because: - CORRECT ANSWERS-punitive damages can only be
determined by a court of law.
Under Jacqueline's Personal Injury Protection, all of the following would be
covered for bodily injuries except: - CORRECT ANSWERS-Jacqueline's
sister who also has PIP
,Jason has had mild asthma since childhood. He now works in a chemical
processing plant, and his asthma has gotten much worse ever since he
contracted pneumonia because of the fumes at the plant. For workers'
compensation insurance, this is usually known as: - CORRECT
ANSWERS-aggravation.
Jane's shed burns to the ground during a tornado, when a tree falls on the
roof and snaps a power line, which then ignites the structure. What is the
proximate cause of the loss? - CORRECT ANSWERS-Wind
Inland marine insurance protects: - CORRECT ANSWERS-property related
to transportation and property being transported
Under the New Mexico Commercial Auto Insurance Plan, a policyholder
can purchase additional coverage up to limits required by any other state: -
CORRECT ANSWERS-but only for as long as the insured vehicles are
being driven in that state.
What are the four requirements of a legally binding contract? - CORRECT
ANSWERS-Agreement, consideration, competent parties, legal purpose
Which statement about the Jones Act is TRUE? - CORRECT ANSWERS-It
protects injured seamen by allowing them to sue for damages and to
choose a jury trial.
All of the following lines of coverage may be offered in Commercial
Package Policy, except: - CORRECT ANSWERS-Workers' Compensation.
Jocelyn visits her local car dealership to test drive a sports car, but once
she gets on the road, she skips town with the car and doesn't come back.
Which Garage policy coverage could pay for the theft of the sports car? -
CORRECT ANSWERS-False pretense coverage
Who must fill out a proof of loss form? - CORRECT ANSWERS-The
claimant
Appraisal is used to decide: - CORRECT ANSWERS-the settlement
amount
, _________covers losses ships and their - CORRECT ANSWERS-Ocean
Marine insurance
Caitlin works as a driver for a local oil company. She picks up the field
workers and drops them at the wellsite. Then, once their shift is completed
she brings them home again using the company van. Which endorsement
provides the best coverage for Caitlin? - CORRECT ANSWERS-Extended
Non-Owner
What type of commercial auto policy would best suit a taxi company? -
CORRECT ANSWERS-Motor Carrier policy
Lillian owns an antiques shop and Sandy works part time for her. One
afternoon, while Sandy is decorating the window display, she loses her
balance and falls backward off a step stool, breaking some very expensive
lamps in the process. What policy condition in Lillian's commercial property
policy provides evidence that this loss may be covered? - CORRECT
ANSWERS-Control of Property
Reservation of Rights letter is sent by: - CORRECT ANSWERS-the insurer
to the claimant.
In a third-party claim, the injured person has a duty to: - CORRECT
ANSWERS-authorize the insurer to examine her medical records.
All of the insurance professionals below are in danger of having their
licenses suspended or revoked, except: - CORRECT ANSWERS-Arlene,
who received a $175 traffic ticket after running a stop sign.
A policyholder who does not currently have Comprehensive Coverage, but
would like to add it to a newly purchased vehicle, must notify the insurer
within: - CORRECT ANSWERS-4 days
Cheney owns a construction company in New Mexico. How many
employees does Cheney have to have in order to be required by law to
purchase workers' compensation coverage for them? - CORRECT
ANSWERS-1
continued practice exam, Property
Casualty, CIR- FINAL EXAM, NM
adjusters review, NY Practice exam
w/feedback, Practice Exam #3, CIR-
FINAL EXAM, Insurance adjuster
exam questions Test bank final
update with all correct answers
graded A+
,Greg works for XYZ Insurance. Part of his daily tasks involve visiting sites,
investigating liability, and determining the time and cost of repairs. On
occasion, Greg will have to negotiate with claimants as part of his job.
Which type of agent is Greg? - CORRECT ANSWERS-Claims Adjuster
Whose responsibility is it to maintain an open line of communication during
the settlement process? - CORRECT ANSWERS-The Adjuster
Which of the following people are in the process of submitting a formal
request to settle the damage? - CORRECT ANSWERS-Grace is filing a
claim with her insurer for hail damage to her roof.
What does a declaratory judgment action seek? - CORRECT ANSWERS-
Legal Clarification of policy coverage
an insurance contract, the policyholder gives the insurer ___ and the
insurer gives the policyholder ___. - CORRECT ANSWERS-premium
payments; peace of mind
Which of the following people does NOT have an insurable interest in an
insured property? - CORRECT ANSWERS-A homeowner's interest in the
local town water pipes that deliver water to his home.
In the event of a catastrophe, emergency adjuster licenses in New Mexico
are valid for: - CORRECT ANSWERS-90 days.
Cindy falls down the stairs at Jane's house and breaks her arm, resulting in
$2,500 in medical expenses. Jane's homeowner's insurance will cover the
liability, but Cindy is particularly mad at Jane for not keeping her house in
order and is seeking punitive damages. Jane's insurance adjuster informs
the two of them that they will likely have to go to court to settle the dispute
because: - CORRECT ANSWERS-punitive damages can only be
determined by a court of law.
Under Jacqueline's Personal Injury Protection, all of the following would be
covered for bodily injuries except: - CORRECT ANSWERS-Jacqueline's
sister who also has PIP
,Jason has had mild asthma since childhood. He now works in a chemical
processing plant, and his asthma has gotten much worse ever since he
contracted pneumonia because of the fumes at the plant. For workers'
compensation insurance, this is usually known as: - CORRECT
ANSWERS-aggravation.
Jane's shed burns to the ground during a tornado, when a tree falls on the
roof and snaps a power line, which then ignites the structure. What is the
proximate cause of the loss? - CORRECT ANSWERS-Wind
Inland marine insurance protects: - CORRECT ANSWERS-property related
to transportation and property being transported
Under the New Mexico Commercial Auto Insurance Plan, a policyholder
can purchase additional coverage up to limits required by any other state: -
CORRECT ANSWERS-but only for as long as the insured vehicles are
being driven in that state.
What are the four requirements of a legally binding contract? - CORRECT
ANSWERS-Agreement, consideration, competent parties, legal purpose
Which statement about the Jones Act is TRUE? - CORRECT ANSWERS-It
protects injured seamen by allowing them to sue for damages and to
choose a jury trial.
All of the following lines of coverage may be offered in Commercial
Package Policy, except: - CORRECT ANSWERS-Workers' Compensation.
Jocelyn visits her local car dealership to test drive a sports car, but once
she gets on the road, she skips town with the car and doesn't come back.
Which Garage policy coverage could pay for the theft of the sports car? -
CORRECT ANSWERS-False pretense coverage
Who must fill out a proof of loss form? - CORRECT ANSWERS-The
claimant
Appraisal is used to decide: - CORRECT ANSWERS-the settlement
amount
, _________covers losses ships and their - CORRECT ANSWERS-Ocean
Marine insurance
Caitlin works as a driver for a local oil company. She picks up the field
workers and drops them at the wellsite. Then, once their shift is completed
she brings them home again using the company van. Which endorsement
provides the best coverage for Caitlin? - CORRECT ANSWERS-Extended
Non-Owner
What type of commercial auto policy would best suit a taxi company? -
CORRECT ANSWERS-Motor Carrier policy
Lillian owns an antiques shop and Sandy works part time for her. One
afternoon, while Sandy is decorating the window display, she loses her
balance and falls backward off a step stool, breaking some very expensive
lamps in the process. What policy condition in Lillian's commercial property
policy provides evidence that this loss may be covered? - CORRECT
ANSWERS-Control of Property
Reservation of Rights letter is sent by: - CORRECT ANSWERS-the insurer
to the claimant.
In a third-party claim, the injured person has a duty to: - CORRECT
ANSWERS-authorize the insurer to examine her medical records.
All of the insurance professionals below are in danger of having their
licenses suspended or revoked, except: - CORRECT ANSWERS-Arlene,
who received a $175 traffic ticket after running a stop sign.
A policyholder who does not currently have Comprehensive Coverage, but
would like to add it to a newly purchased vehicle, must notify the insurer
within: - CORRECT ANSWERS-4 days
Cheney owns a construction company in New Mexico. How many
employees does Cheney have to have in order to be required by law to
purchase workers' compensation coverage for them? - CORRECT
ANSWERS-1
