CALIFORNIA INSURANCE ADJUSTER
2024 EXAM COMPLETE QUESTIONS
WITH 100%CORRECT SIMPLIFIED
AND VERIFIED ANSWERS BRAND
NEW EXAM ALREADY GRADED A+
Which HO Form has the most named perils? -
....ANSWER...HO-2 Broad
Which HO Form is all risk, for high value/luxury
homes? - ....ANSWER...HO-5 Comprehensive
How many employees must an employer have to be
required to carry workers compensation coverage? -
....ANSWER...3 or more
What loss of income payment can employees awarded
workers comp receive? - ....ANSWER...loss of wages
payable up to 66 2/3 of wages
What is the waiting period to receive income benefits for
workers compensation? - ....ANSWER...7 days
1
,If employee dies from injury in workplace accident, will
cover funeral costs up to: - ....ANSWER...$7500
What is the first page of the Workers Comp Policy
called? - ....ANSWER...Information Page
Attached to the Information Page of the Workers Comp
Policy are two sections. What are they called?
- ....ANSWER...Section 1: Statutory Benefits
Section 2: Employers Liability
What are Statutory Benefits? - ....ANSWER...medical,
income, death, and rehab
What is required for an agent to share commission with
another agent when selling a policy? -
....ANSWER...a P&C license
Reasons houses can't qualify for Homeowners Policy: -
....ANSWER...-low value
-old, un-renovated (must be updated within last 25 years)
-houses in undesirable locations
-rental houses
-must be owner-occupied to qualify
2
,Which Dwelling Fire Policy is the best? -
....ANSWER...DP-3 Special, because it is all risk
coverage
DP-2 Dwelling Fire Policy: - ....ANSWER...2nd best,
has the most named perils
How often must you renew an insurance license? -
....ANSWER...once every 2 years (on the last day of
your birth month)
--> must fulfill 24-hour credits
What is the purpose of a Dwelling Fire Policy? -
....ANSWER...to cover a residence
Residence: - ....ANSWER...can only contain up to 4
family units
If a structure contains more than 4 family units, it is a: -
....ANSWER...commercial building
Mobile homes can qualify as a residence; however, they:
- ....ANSWER...can't be on wheels, they must have a
location with an address
3
, when a loss is settled on a replacement cost basis, the
insured receives: - ....ANSWER...the replacement cost of
the property with no deduction for depreciation
The condominium form HO-6 provides no dwelling
coverage but provides the same coverage as what other
form for personal property? - ....ANSWER...HO- 2
(they're both Broad Form named perils)
Which is excluded under a homeowner's policy?
a) earthquake
b) a dwelling insured under the HO-5 form and
damage in a flood
c) accidental and sudden discharge of water from
plumbing system
d) meat which spoils when refrigerator motor
breaks down after many years of service -
....ANSWER...a, b, and d
Coverage E of the Homeowner's Policy has a minimum
limit of: - ....ANSWER...$100,000
How much coverage is applied to contents away from
the premises under the dwelling building and contents
4
2024 EXAM COMPLETE QUESTIONS
WITH 100%CORRECT SIMPLIFIED
AND VERIFIED ANSWERS BRAND
NEW EXAM ALREADY GRADED A+
Which HO Form has the most named perils? -
....ANSWER...HO-2 Broad
Which HO Form is all risk, for high value/luxury
homes? - ....ANSWER...HO-5 Comprehensive
How many employees must an employer have to be
required to carry workers compensation coverage? -
....ANSWER...3 or more
What loss of income payment can employees awarded
workers comp receive? - ....ANSWER...loss of wages
payable up to 66 2/3 of wages
What is the waiting period to receive income benefits for
workers compensation? - ....ANSWER...7 days
1
,If employee dies from injury in workplace accident, will
cover funeral costs up to: - ....ANSWER...$7500
What is the first page of the Workers Comp Policy
called? - ....ANSWER...Information Page
Attached to the Information Page of the Workers Comp
Policy are two sections. What are they called?
- ....ANSWER...Section 1: Statutory Benefits
Section 2: Employers Liability
What are Statutory Benefits? - ....ANSWER...medical,
income, death, and rehab
What is required for an agent to share commission with
another agent when selling a policy? -
....ANSWER...a P&C license
Reasons houses can't qualify for Homeowners Policy: -
....ANSWER...-low value
-old, un-renovated (must be updated within last 25 years)
-houses in undesirable locations
-rental houses
-must be owner-occupied to qualify
2
,Which Dwelling Fire Policy is the best? -
....ANSWER...DP-3 Special, because it is all risk
coverage
DP-2 Dwelling Fire Policy: - ....ANSWER...2nd best,
has the most named perils
How often must you renew an insurance license? -
....ANSWER...once every 2 years (on the last day of
your birth month)
--> must fulfill 24-hour credits
What is the purpose of a Dwelling Fire Policy? -
....ANSWER...to cover a residence
Residence: - ....ANSWER...can only contain up to 4
family units
If a structure contains more than 4 family units, it is a: -
....ANSWER...commercial building
Mobile homes can qualify as a residence; however, they:
- ....ANSWER...can't be on wheels, they must have a
location with an address
3
, when a loss is settled on a replacement cost basis, the
insured receives: - ....ANSWER...the replacement cost of
the property with no deduction for depreciation
The condominium form HO-6 provides no dwelling
coverage but provides the same coverage as what other
form for personal property? - ....ANSWER...HO- 2
(they're both Broad Form named perils)
Which is excluded under a homeowner's policy?
a) earthquake
b) a dwelling insured under the HO-5 form and
damage in a flood
c) accidental and sudden discharge of water from
plumbing system
d) meat which spoils when refrigerator motor
breaks down after many years of service -
....ANSWER...a, b, and d
Coverage E of the Homeowner's Policy has a minimum
limit of: - ....ANSWER...$100,000
How much coverage is applied to contents away from
the premises under the dwelling building and contents
4
