6-20 Claims Adjuster Actual Exam
Complete Questions and Verified
Answers | 100% Correct Answers
The following are basic characteristics of a property or liability insurance
contract, EXCEPT:
A. Personal Contract
B. Conditional Contract
C. Loss Settlement Contract
D. Contract of Adhesion - ✔✔C. Loss Settlement Contract
The Insurers responsibility to pay for a property loss may be conditioned on the
insured having used reasonable means to avoid the loss, to protect the property
against further loss, and to give the insurer proof of the loss is defined as?
A. Conditional Contract
B. Adhesion Contract
C. Indemnity Contract
D. All of the Above - ✔✔A. Conditional Contract
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,A(n) __________ is one wherein economic loss would be suffered from an
adverse happening to the subject:
A. Conditional Contract
B. Personal Contract
C. Economic Contract
D. Insurable Interest - ✔✔D. Insurable Interest
The __________ states that when there is an unbroken connection between an
occurrence and damage that grows out of the occurrence, then the resultant
damage is all a part of the occurrence.
A. Doctrine of Proximate Cause
B. Doctrine of Perils & Hazards
C. Insurance Policy Handbook
D. Doctrine of Property Insurance - ✔✔A. Doctrine of Proximate Cause
Frank owned a home that was destroyed by a hurricane. Both ABC and XYZ
Banks were listed as additional interests on his homeowner policy. The
insurance company will make a payment to:
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,A. The first mortgagee, ABC
B. The Insured
C. Jointly to ABC and XYZ
D. All listed interests - ✔✔D. All listed interests
The Loss Settlement Valuation that subtracts an allowance for depreciation is
defined as?
A. Actual Cash Value
B. Replacement Cost
C. "Old For New"
D. None of the Above - ✔✔A. Actual Cash Value
Insurance applies separately to each insured as if other insureds did not exist.
This is defined as:
A. Severability
B. Conditional
C. Warranty
D. None of the Above - ✔✔A. Severability
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, States that if the insurer adopts a revision which would broaden coverage
without additional premium within some period of time prior to the policy
period or during the policy period, the insured receives the benefit of such
broadened coverage. (Usually 60 days)
A. Cancellation Clause
B. Policy Period
C. Pro Rata
D. Liberalization - ✔✔D. Liberalization
Property insurance policies usually contain a(n) __________ clause, stating the
insured cannot dump damaged property on the insurer and demand its full
value:
A. Pro Rata
B. Abandonment
C. Liberalization
D. All of the Above - ✔✔B. Abandonment
A policy condition, either based on information in the insured's application or
inserted by the insurer, is defined as:
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©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025.
Complete Questions and Verified
Answers | 100% Correct Answers
The following are basic characteristics of a property or liability insurance
contract, EXCEPT:
A. Personal Contract
B. Conditional Contract
C. Loss Settlement Contract
D. Contract of Adhesion - ✔✔C. Loss Settlement Contract
The Insurers responsibility to pay for a property loss may be conditioned on the
insured having used reasonable means to avoid the loss, to protect the property
against further loss, and to give the insurer proof of the loss is defined as?
A. Conditional Contract
B. Adhesion Contract
C. Indemnity Contract
D. All of the Above - ✔✔A. Conditional Contract
1|Page
©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025.
,A(n) __________ is one wherein economic loss would be suffered from an
adverse happening to the subject:
A. Conditional Contract
B. Personal Contract
C. Economic Contract
D. Insurable Interest - ✔✔D. Insurable Interest
The __________ states that when there is an unbroken connection between an
occurrence and damage that grows out of the occurrence, then the resultant
damage is all a part of the occurrence.
A. Doctrine of Proximate Cause
B. Doctrine of Perils & Hazards
C. Insurance Policy Handbook
D. Doctrine of Property Insurance - ✔✔A. Doctrine of Proximate Cause
Frank owned a home that was destroyed by a hurricane. Both ABC and XYZ
Banks were listed as additional interests on his homeowner policy. The
insurance company will make a payment to:
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©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025.
,A. The first mortgagee, ABC
B. The Insured
C. Jointly to ABC and XYZ
D. All listed interests - ✔✔D. All listed interests
The Loss Settlement Valuation that subtracts an allowance for depreciation is
defined as?
A. Actual Cash Value
B. Replacement Cost
C. "Old For New"
D. None of the Above - ✔✔A. Actual Cash Value
Insurance applies separately to each insured as if other insureds did not exist.
This is defined as:
A. Severability
B. Conditional
C. Warranty
D. None of the Above - ✔✔A. Severability
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©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025.
, States that if the insurer adopts a revision which would broaden coverage
without additional premium within some period of time prior to the policy
period or during the policy period, the insured receives the benefit of such
broadened coverage. (Usually 60 days)
A. Cancellation Clause
B. Policy Period
C. Pro Rata
D. Liberalization - ✔✔D. Liberalization
Property insurance policies usually contain a(n) __________ clause, stating the
insured cannot dump damaged property on the insurer and demand its full
value:
A. Pro Rata
B. Abandonment
C. Liberalization
D. All of the Above - ✔✔B. Abandonment
A policy condition, either based on information in the insured's application or
inserted by the insurer, is defined as:
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