LOUISIANA INSURANCE ADJUSTER STUDY GUIDE 2025/2026
QUESTIONS WITH ANSWERS GRADED A+
✔✔What perils does the BOP policy include without endorsements? - ✔✔open peril
✔✔the BOP automatically includes business income and extra expense coverage for up
to _____ - ✔✔12 months
✔✔General eligibility criteria for BOP is? - ✔✔35,000 sq ft max and annual gross sales
cannot exceed $6,000,000. Both building and business personal property under the
same ownership must be included in the same policy
✔✔Are basements used to determine square foot floor area in BOP? - ✔✔If not open to
the public, then basement area is not used
✔✔In BOP eligible buildings, contractors are allowed if they do not occupy more than
_______ sq ft or more than ____ of the total area - ✔✔7,500 sq ft; 15%
✔✔Eligible Buildings in BOP, Office Buildings (including office condominium
associations) that are occupied principally for
office purposes. The building may be no more than _____ high and no more than _____
sq ft - ✔✔6 stories high; 100,000 sq ft
✔✔Eligible Buildings in BOP, Office Buildings may also contain apartments and certain
wholesale, service, or processing incidental occupancies that do not exceed ______ sq
ft - ✔✔35,000
✔✔BOP Wholesale Risk Eligibility, businesses with more than ____% of annual gross
sales from retail operations or more than ____ % of total floor area open to public are
not eligible - ✔✔25% for both
✔✔BOP Eligible Wholesale Risks, which of the following is NOT?:
1. Hobby, model maker or artists' supplies
2. Heating and air conditioning equip. distributors
3. Dental laboratories
4. Auto parts and supplies distributors - ✔✔dental laboratories are eligible for Process
and Services Businesses
✔✔BOP Eligible Wholesale Risks, which of the following is NOT?:
1. Bakeries with baking on the premises
2. Barber or beauty shop supplies distributors
3. Floor covering distributors
4. Household appliance distributors - ✔✔Bakeries with baking on the premises are
eligible for Process Services Businesses
, ✔✔BOP Eligible Process Services Businesses, which of the following is NOT?:
1. Barber shops
2. Commercial or household appliances and accessories installation, servicing or repair
3. Funeral homes or chapels
4. Fruit or vegetable distributors - ✔✔fruit or vegetable distributors are Wholesale Risks
✔✔BOP - what are the 4 types/classes of Restaurants covered - ✔✔Limited Cooking
Restaurants, Fast Food Restaurants, Casual Dining Restaurants, Fine Dining
Restaurants
✔✔BOP Restaurants, the floor area can not exceed _____ - ✔✔7,500 sq ft
✔✔Seating capacity is limited to ____ persons in BOP Restaurants. (what is it for each
of the four?) - ✔✔75 for limited Cooking and 150 for the other 3
✔✔Ocean Marine Policy, These warranties are not actually written into the policy, but
are as binding as written warranties - ✔✔Implied Warranties
✔✔BOP Restaurants, NFPA Standard #96 - ✔✔"Standard for Ventilation Control and
Fire Protection of Commercial Cooking Operations" to determine restaurant
acceptability. exhaust systems
✔✔Four major Ocean Marine Policies are: - ✔✔➢ Hull Coverage;
➢ Cargo Coverage;
➢ Freight Insurance; and
➢ Protection and Indemnity (P&I)
✔✔In Ocean Marine Insurance, what are the four most important Implied Warranties? -
✔✔Seaworthiness, Condition of Cargo, Legality, No Deviation in Voyage
✔✔In Ocean Marine Insurance, what is Hull Coverage - ✔✔coverage insures against
damage to, or loss of, the ship itself. Policies may be issued on a single vessel basis or
a fleet basis
✔✔Ocean Marine Insurance, Hull Coverage written on a VALUED Basis means? -
✔✔full policy amount is paid in the event of a total loss
✔✔Ocean Marine Insurance, Hull Coverage written on a UNVALUED Basis means? -
✔✔amount of the settlement must be determined after a loss has occurred.
✔✔Ocean Marine Insurance, Hull Coverage written on a AGREED VALUED Basis
means? - ✔✔the amount of coverage is agreed to by the insured and insurer
QUESTIONS WITH ANSWERS GRADED A+
✔✔What perils does the BOP policy include without endorsements? - ✔✔open peril
✔✔the BOP automatically includes business income and extra expense coverage for up
to _____ - ✔✔12 months
✔✔General eligibility criteria for BOP is? - ✔✔35,000 sq ft max and annual gross sales
cannot exceed $6,000,000. Both building and business personal property under the
same ownership must be included in the same policy
✔✔Are basements used to determine square foot floor area in BOP? - ✔✔If not open to
the public, then basement area is not used
✔✔In BOP eligible buildings, contractors are allowed if they do not occupy more than
_______ sq ft or more than ____ of the total area - ✔✔7,500 sq ft; 15%
✔✔Eligible Buildings in BOP, Office Buildings (including office condominium
associations) that are occupied principally for
office purposes. The building may be no more than _____ high and no more than _____
sq ft - ✔✔6 stories high; 100,000 sq ft
✔✔Eligible Buildings in BOP, Office Buildings may also contain apartments and certain
wholesale, service, or processing incidental occupancies that do not exceed ______ sq
ft - ✔✔35,000
✔✔BOP Wholesale Risk Eligibility, businesses with more than ____% of annual gross
sales from retail operations or more than ____ % of total floor area open to public are
not eligible - ✔✔25% for both
✔✔BOP Eligible Wholesale Risks, which of the following is NOT?:
1. Hobby, model maker or artists' supplies
2. Heating and air conditioning equip. distributors
3. Dental laboratories
4. Auto parts and supplies distributors - ✔✔dental laboratories are eligible for Process
and Services Businesses
✔✔BOP Eligible Wholesale Risks, which of the following is NOT?:
1. Bakeries with baking on the premises
2. Barber or beauty shop supplies distributors
3. Floor covering distributors
4. Household appliance distributors - ✔✔Bakeries with baking on the premises are
eligible for Process Services Businesses
, ✔✔BOP Eligible Process Services Businesses, which of the following is NOT?:
1. Barber shops
2. Commercial or household appliances and accessories installation, servicing or repair
3. Funeral homes or chapels
4. Fruit or vegetable distributors - ✔✔fruit or vegetable distributors are Wholesale Risks
✔✔BOP - what are the 4 types/classes of Restaurants covered - ✔✔Limited Cooking
Restaurants, Fast Food Restaurants, Casual Dining Restaurants, Fine Dining
Restaurants
✔✔BOP Restaurants, the floor area can not exceed _____ - ✔✔7,500 sq ft
✔✔Seating capacity is limited to ____ persons in BOP Restaurants. (what is it for each
of the four?) - ✔✔75 for limited Cooking and 150 for the other 3
✔✔Ocean Marine Policy, These warranties are not actually written into the policy, but
are as binding as written warranties - ✔✔Implied Warranties
✔✔BOP Restaurants, NFPA Standard #96 - ✔✔"Standard for Ventilation Control and
Fire Protection of Commercial Cooking Operations" to determine restaurant
acceptability. exhaust systems
✔✔Four major Ocean Marine Policies are: - ✔✔➢ Hull Coverage;
➢ Cargo Coverage;
➢ Freight Insurance; and
➢ Protection and Indemnity (P&I)
✔✔In Ocean Marine Insurance, what are the four most important Implied Warranties? -
✔✔Seaworthiness, Condition of Cargo, Legality, No Deviation in Voyage
✔✔In Ocean Marine Insurance, what is Hull Coverage - ✔✔coverage insures against
damage to, or loss of, the ship itself. Policies may be issued on a single vessel basis or
a fleet basis
✔✔Ocean Marine Insurance, Hull Coverage written on a VALUED Basis means? -
✔✔full policy amount is paid in the event of a total loss
✔✔Ocean Marine Insurance, Hull Coverage written on a UNVALUED Basis means? -
✔✔amount of the settlement must be determined after a loss has occurred.
✔✔Ocean Marine Insurance, Hull Coverage written on a AGREED VALUED Basis
means? - ✔✔the amount of coverage is agreed to by the insured and insurer
