AL Practice Exam - Adjusting Exam with 221questions and answers
100%Correctly verified answers latest update 2024/2025 RATED
A+
1. The insured carries a BOP policy with protective systems such as a
sprinkler system. If the system becomes inoperative, the insured
must advise the insurance company of the problem within _______ if
the system cannot be restored to working order - CORRECT
ANSWERS 48 hours Your Answer
2. Tina has two policies (Policy X and Policy Y) that cover the same
risk on a pro rata basis. Policy X has a limit of $100,000 and Policy Y
has a limit of $25,000. When Tina suffers a loss totaling $75,000,
how will the two policies respond? - CORRECT ANSWERS . Policy
X will pay $60,000 and Policy Y will pay $15,000
C.
D.
This provision in Ocean Marine insurance obligates insurers of
various interests to share the cost of losses associated with a
captain's decision to voluntarily sacrifice a part of the ship or its
cargo. - CORRECT ANSWERS General Average
,AL Practice Exam - Adjusting Exam with 221questions and answers
100%Correctly verified answers latest update 2024/2025 RATED
A+
Which of the following incidents would a liability insurance policy
cover? - CORRECT ANSWERS D. A man slips inside a grocery
store and injures himself.
Which of the following does NOT apply to commercial property
insurance? - CORRECT ANSWERS B. Because of their complexity,
commercial policies only offer named-peril coverage.
Which of the following perils is excluded from coverage in a National
Flood Insurance Program policy? - CORRECT ANSWERS C. Water-
main breakage
Sam, who has a typical HO-3 policy, is forced to evacuate his home by
civil authorities due to rising flood waters in his neighborhood. It
takes a month before Sam is allowed to come back to his home.
During this time, he has spent $3,000 in hotel expenses, on top of his
monthly mortgage payment of $850. When he files a claim, how
much will Sam receive under Coverage D - Loss of Use? - CORRECT
ANSWERS A.
D. $0
,AL Practice Exam - Adjusting Exam with 221questions and answers
100%Correctly verified answers latest update 2024/2025 RATED
A+
Which of the following insurance packages will indemnify a
policyholder for a variety of hospital-related expenses such as
nursing care, supplies, and rooming charges? - CORRECT ANSWERS
A. Hospitalization Expense insurance
Which of the following statements about Alabama's approach to
Workers' Comp insurance is true? - CORRECT ANSWERS A. WC is
compulsory, and Alabama has no state WC fund.
B.
Barry lives in Texas, but wants to obtain an independent adjuster
license in Alabama. He can get this license without passing the
Alabama adjuster licensing exam if: - CORRECT ANSWERS D. he
has passed the Texas exam and received an all-lines adjuster license
in Texas.
Driving home after a 14-hour shift, Sam falls asleep at the wheel and
plows into Sandra's home, causing extensive damage to the East wall
and roof. As a result, Sandra and her family must move into a hotel
, AL Practice Exam - Adjusting Exam with 221questions and answers
100%Correctly verified answers latest update 2024/2025 RATED
A+
until the repairs are completed. The cost of staying in a hotel is: -
CORRECT ANSWERS D. an occurrence
When Emma is found guilty of arson for burning down her $175,000
home, her insurance policy is voided and she receives no
indemnification for the loss. Emma still had $155,000 left on her
mortgage at the time of the fire. Under the mortgagee clause,
Emma's mortgage lender can recoup: - CORRECT ANSWERS A.
the total amount left on the loan - $155,000.
Grace purchased a recliner from XYZ Furniture. After getting it
home, she decided to try out the new chair. While leaning back, the
chair breaks and Grace injures her neck. She sues XYZ Furniture and
is awarded $300,000. The costs for the legal defense come to
$45,000. XYZ Furniture's CGL policy has a Products-Completed
Operations Aggregate limit of $750,000, with a per occurrence limit
of $250,000. How much will XYZ Furniture have to pay out-of-pocket
for this claim? - CORRECT ANSWERS D. $50,000
100%Correctly verified answers latest update 2024/2025 RATED
A+
1. The insured carries a BOP policy with protective systems such as a
sprinkler system. If the system becomes inoperative, the insured
must advise the insurance company of the problem within _______ if
the system cannot be restored to working order - CORRECT
ANSWERS 48 hours Your Answer
2. Tina has two policies (Policy X and Policy Y) that cover the same
risk on a pro rata basis. Policy X has a limit of $100,000 and Policy Y
has a limit of $25,000. When Tina suffers a loss totaling $75,000,
how will the two policies respond? - CORRECT ANSWERS . Policy
X will pay $60,000 and Policy Y will pay $15,000
C.
D.
This provision in Ocean Marine insurance obligates insurers of
various interests to share the cost of losses associated with a
captain's decision to voluntarily sacrifice a part of the ship or its
cargo. - CORRECT ANSWERS General Average
,AL Practice Exam - Adjusting Exam with 221questions and answers
100%Correctly verified answers latest update 2024/2025 RATED
A+
Which of the following incidents would a liability insurance policy
cover? - CORRECT ANSWERS D. A man slips inside a grocery
store and injures himself.
Which of the following does NOT apply to commercial property
insurance? - CORRECT ANSWERS B. Because of their complexity,
commercial policies only offer named-peril coverage.
Which of the following perils is excluded from coverage in a National
Flood Insurance Program policy? - CORRECT ANSWERS C. Water-
main breakage
Sam, who has a typical HO-3 policy, is forced to evacuate his home by
civil authorities due to rising flood waters in his neighborhood. It
takes a month before Sam is allowed to come back to his home.
During this time, he has spent $3,000 in hotel expenses, on top of his
monthly mortgage payment of $850. When he files a claim, how
much will Sam receive under Coverage D - Loss of Use? - CORRECT
ANSWERS A.
D. $0
,AL Practice Exam - Adjusting Exam with 221questions and answers
100%Correctly verified answers latest update 2024/2025 RATED
A+
Which of the following insurance packages will indemnify a
policyholder for a variety of hospital-related expenses such as
nursing care, supplies, and rooming charges? - CORRECT ANSWERS
A. Hospitalization Expense insurance
Which of the following statements about Alabama's approach to
Workers' Comp insurance is true? - CORRECT ANSWERS A. WC is
compulsory, and Alabama has no state WC fund.
B.
Barry lives in Texas, but wants to obtain an independent adjuster
license in Alabama. He can get this license without passing the
Alabama adjuster licensing exam if: - CORRECT ANSWERS D. he
has passed the Texas exam and received an all-lines adjuster license
in Texas.
Driving home after a 14-hour shift, Sam falls asleep at the wheel and
plows into Sandra's home, causing extensive damage to the East wall
and roof. As a result, Sandra and her family must move into a hotel
, AL Practice Exam - Adjusting Exam with 221questions and answers
100%Correctly verified answers latest update 2024/2025 RATED
A+
until the repairs are completed. The cost of staying in a hotel is: -
CORRECT ANSWERS D. an occurrence
When Emma is found guilty of arson for burning down her $175,000
home, her insurance policy is voided and she receives no
indemnification for the loss. Emma still had $155,000 left on her
mortgage at the time of the fire. Under the mortgagee clause,
Emma's mortgage lender can recoup: - CORRECT ANSWERS A.
the total amount left on the loan - $155,000.
Grace purchased a recliner from XYZ Furniture. After getting it
home, she decided to try out the new chair. While leaning back, the
chair breaks and Grace injures her neck. She sues XYZ Furniture and
is awarded $300,000. The costs for the legal defense come to
$45,000. XYZ Furniture's CGL policy has a Products-Completed
Operations Aggregate limit of $750,000, with a per occurrence limit
of $250,000. How much will XYZ Furniture have to pay out-of-pocket
for this claim? - CORRECT ANSWERS D. $50,000
