Insurance Adjuster Exam Questions and
Verified Detailed Answers | Graded A+
Which kind of losses are covered under a standard fire policy? - ✔✔Direct
All fires are not covered by the Standard Fire policies, only those that: - ✔✔are
hostile and have a flame or glow
At what time does a fire policy go into affect? - ✔✔12:01am standard time at
the location of the insured's property
A property is insured under two Standard Fire policies for $25,000 each. A fire
causes $10,000 worth of damage. What is the maximum amount the insured
may collect under each policy? - ✔✔$5,000
A fire burning in the middle of the living room would be considered: - ✔✔a
hostile fire
An insured's house is damaged by fire caused by a neighbor's negligence. The
insurance company will attempt to recover damage from the neighbor. This is
called: - ✔✔subrogation
Which of the following statements are true concerning requirements of the
standard fire policy? - ✔✔The insured must separate damaged from undamaged
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,property in the event there is a loss AND If a loss occurs, the insured normally
has 60 days to file a proof of loss with the insurer
Which types of property are excluded from coverage under the basic fire policy?
- ✔✔accounts, currency, deeds, and securities
Who is insured under the Standard Fire policy? - ✔✔the named insured and his
legal representatives
An agreement which affords temporary insurance protection until the policy is
issued is called: - ✔✔a binder
as a general rule, a complete fire insurance policy would be made up of: -
✔✔the Standard Fire policy with one or more forms attached
The one condition listed below which will not void a fire policy:
a) false swearing
b) misrepresentation
c) over-insurance
d) concealment - ✔✔over-insurance
replacement cost minus depreciation: - ✔✔Actual Cash Value (ACV)
The Standard Fire policy with an extended coverage endorsement attached
covers which of the following: - ✔✔riot
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, A loss due to order of Civil Authority: - ✔✔is excluded unless the loss occurs
because of an order by Civil Authorities for the purpose of controlling a fire
The term "unoccupancy" refers to the absence of : - ✔✔persons from a building
Suppose a fire occurs on February 26th. On April 30th, the insurance company
notifies the mortgagee the insured has not filed a proof of loss. To protect their
interest, the mortgagee must file a proof of loss within _________ days after
what date? - ✔✔60 days after April 30th
For recovery under the Standard Fire policy, a party must: - ✔✔be named in the
policy and show an insurable interest in the property at the time the loss occurs
What is the requirement on how much experience one must have to be elected
the insurance commissioner in Georgia? - ✔✔None
Once elected, how long is the insurance commissioner's term? - ✔✔4 years
Is there a limit on the number of terms an insurance commissioner can serve? -
✔✔No
Who is Georgia's current insurance commissioner? - ✔✔Ralph Hudgens
What two capacities does Georgia's insurance commissioner serve? - ✔✔1.
Chief Officer of Insurance Dept.
2. Chief Fire Marshall
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©KERRYMARTIN 2025/2026. YEAR PUBLISHED 2025.
Verified Detailed Answers | Graded A+
Which kind of losses are covered under a standard fire policy? - ✔✔Direct
All fires are not covered by the Standard Fire policies, only those that: - ✔✔are
hostile and have a flame or glow
At what time does a fire policy go into affect? - ✔✔12:01am standard time at
the location of the insured's property
A property is insured under two Standard Fire policies for $25,000 each. A fire
causes $10,000 worth of damage. What is the maximum amount the insured
may collect under each policy? - ✔✔$5,000
A fire burning in the middle of the living room would be considered: - ✔✔a
hostile fire
An insured's house is damaged by fire caused by a neighbor's negligence. The
insurance company will attempt to recover damage from the neighbor. This is
called: - ✔✔subrogation
Which of the following statements are true concerning requirements of the
standard fire policy? - ✔✔The insured must separate damaged from undamaged
1|Page
©KERRYMARTIN 2025/2026. YEAR PUBLISHED 2025.
,property in the event there is a loss AND If a loss occurs, the insured normally
has 60 days to file a proof of loss with the insurer
Which types of property are excluded from coverage under the basic fire policy?
- ✔✔accounts, currency, deeds, and securities
Who is insured under the Standard Fire policy? - ✔✔the named insured and his
legal representatives
An agreement which affords temporary insurance protection until the policy is
issued is called: - ✔✔a binder
as a general rule, a complete fire insurance policy would be made up of: -
✔✔the Standard Fire policy with one or more forms attached
The one condition listed below which will not void a fire policy:
a) false swearing
b) misrepresentation
c) over-insurance
d) concealment - ✔✔over-insurance
replacement cost minus depreciation: - ✔✔Actual Cash Value (ACV)
The Standard Fire policy with an extended coverage endorsement attached
covers which of the following: - ✔✔riot
2|Page
©KERRYMARTIN 2025/2026. YEAR PUBLISHED 2025.
, A loss due to order of Civil Authority: - ✔✔is excluded unless the loss occurs
because of an order by Civil Authorities for the purpose of controlling a fire
The term "unoccupancy" refers to the absence of : - ✔✔persons from a building
Suppose a fire occurs on February 26th. On April 30th, the insurance company
notifies the mortgagee the insured has not filed a proof of loss. To protect their
interest, the mortgagee must file a proof of loss within _________ days after
what date? - ✔✔60 days after April 30th
For recovery under the Standard Fire policy, a party must: - ✔✔be named in the
policy and show an insurable interest in the property at the time the loss occurs
What is the requirement on how much experience one must have to be elected
the insurance commissioner in Georgia? - ✔✔None
Once elected, how long is the insurance commissioner's term? - ✔✔4 years
Is there a limit on the number of terms an insurance commissioner can serve? -
✔✔No
Who is Georgia's current insurance commissioner? - ✔✔Ralph Hudgens
What two capacities does Georgia's insurance commissioner serve? - ✔✔1.
Chief Officer of Insurance Dept.
2. Chief Fire Marshall
3|Page
©KERRYMARTIN 2025/2026. YEAR PUBLISHED 2025.
