Adjuster Pro: Indiana Adjuster's License - Practice Exam (2025)
Adjuster Pro: Indiana Adjuster's License - Practice Exam
comprehensive questions and verified detailed solutions ( MULTIPL
Study online at https://quizlet.com/_hc3e2g
CHOICES) |100% CORRECT!!
1. On January 27, 2008, Ryan was using an exercise bike D
purchased from NusquamCycle when the chain broke,
causing him to fall and severely bruise his knee. It
seemed to heal just fine, but three years later, on Jan-
uary 25, 2011, Ryan's knee gave out while jogging. His
doctor told him that he'll need surgery and that this
deterioration resulted from the earlier accident with
the exercise bike. Which of the following CGL policies
may cover Ryan's claim filed January 25, 2011?
A. An occurrence policy from Jan 31 2011-Jan 31 2013
B. An occurrence policy from Feb 28 2008-Feb 28 2010
C. A claims-made policy from Jan 31 2008-Jan 31 2010
D. A claims-made policy from Jan 31 2009-Jan 31 2011
2. Which of the following statements about Indiana's ap- A
proach to Workers' Comp insurance is true?
A. WC is compulsory, and Indiana has no state WC
fund.
B. WC is elective, and Indiana has no state WC fund.
C. WC is elective, and Indiana has a competitive state
WC fund.
D. WC is compulsory, and Indiana has a monopolistic
state WC fund.
3. Who is NOT eligible for a homeowners policy? D
A. An owner of a home under construction
B. A person who owns and lives in his house
C. A tenant who rents a home or apartment
D. An owner of a house in which he does not live, but
rents to a tenant
4. B
, Adjuster Pro: Indiana Adjuster's License - Practice Exam
Study online at https://quizlet.com/_hc3e2g
Frank owns a bakery specializing in authentic French
bread. He uses two specialty ovens for his daily pro-
duction of French bread. If one of these giant ovens
were to break down, it would cost Frank's bakery a lot
of money to repair, not to mention the loss of revenue
caused by lower production. On his Equipment Break-
down Protection Form, each of Frank's ovens would be
considered:
A. a "peril."
B. an "object."
C. a "machine."
D. a "liability."
5. A dwelling policy would NOT be appropriate for: D
A. a duplex owned by an individual.
B. a single-family home wholly rented out.
C. a four-plex owned by a corporation.
D. a motorhome owned by an individual.
6. *Jane has a $150,000 homeowners policy with a 3% A
percentage deductible. One night, an oven fire de-
stroys her kitchen, causing $50,000 in damage. How
much of the damage falls under Jane's responsibility?
A. $4,500
B. $15,000
C. $3,600
D. $1,500
7. All of the following pieces of information can be found D
in the Conditions section of an insurance policy, EX-
CEPT:
A. anything the insured must do for coverage to re-
, Adjuster Pro: Indiana Adjuster's License - Practice Exam
Study online at https://quizlet.com/_hc3e2g
main in effect.
B. what the insured must do in the event of a lawsuit.
C. the insured's duties after a loss.
D. causes of loss that are not covered.
8. A few weeks ago Christopher's garage was destroyed C
by an out-of-control motorist. Fortunately, the mo-
torist had sufficient liability insurance to cover the
damages. However, the insurer insists that Christo-
pher's garage is worth far less than the appraisals he
has received from contractors. Christopher and the
insurer have gone back and forth in negotiations for
weeks, making little headway. Christopher decides it's
time to:
A. issue an answer for the policyholder.
B. issue a judgment.
C. issue a complaint against the policyholder.
D. issue a reservation of rights.
9. Which of the following may be covered under an Equip- C
ment Breakdown Protection Coverage Form?
A. Self-propelled equipment
B. Dragline, excavation, and construction equipment
C. Equipment built to operate under internal pressure
or vacuum
D. Equipment used solely for therapeutic or surgical
purposes
10. Jim drops his car off at ABC Garage to have his exhaust C
system repaired and takes the train to work. When he
returns, he finds that his car has been vandalized. Jim
has comprehensive coverage, but feels the garage is
Adjuster Pro: Indiana Adjuster's License - Practice Exam
comprehensive questions and verified detailed solutions ( MULTIPL
Study online at https://quizlet.com/_hc3e2g
CHOICES) |100% CORRECT!!
1. On January 27, 2008, Ryan was using an exercise bike D
purchased from NusquamCycle when the chain broke,
causing him to fall and severely bruise his knee. It
seemed to heal just fine, but three years later, on Jan-
uary 25, 2011, Ryan's knee gave out while jogging. His
doctor told him that he'll need surgery and that this
deterioration resulted from the earlier accident with
the exercise bike. Which of the following CGL policies
may cover Ryan's claim filed January 25, 2011?
A. An occurrence policy from Jan 31 2011-Jan 31 2013
B. An occurrence policy from Feb 28 2008-Feb 28 2010
C. A claims-made policy from Jan 31 2008-Jan 31 2010
D. A claims-made policy from Jan 31 2009-Jan 31 2011
2. Which of the following statements about Indiana's ap- A
proach to Workers' Comp insurance is true?
A. WC is compulsory, and Indiana has no state WC
fund.
B. WC is elective, and Indiana has no state WC fund.
C. WC is elective, and Indiana has a competitive state
WC fund.
D. WC is compulsory, and Indiana has a monopolistic
state WC fund.
3. Who is NOT eligible for a homeowners policy? D
A. An owner of a home under construction
B. A person who owns and lives in his house
C. A tenant who rents a home or apartment
D. An owner of a house in which he does not live, but
rents to a tenant
4. B
, Adjuster Pro: Indiana Adjuster's License - Practice Exam
Study online at https://quizlet.com/_hc3e2g
Frank owns a bakery specializing in authentic French
bread. He uses two specialty ovens for his daily pro-
duction of French bread. If one of these giant ovens
were to break down, it would cost Frank's bakery a lot
of money to repair, not to mention the loss of revenue
caused by lower production. On his Equipment Break-
down Protection Form, each of Frank's ovens would be
considered:
A. a "peril."
B. an "object."
C. a "machine."
D. a "liability."
5. A dwelling policy would NOT be appropriate for: D
A. a duplex owned by an individual.
B. a single-family home wholly rented out.
C. a four-plex owned by a corporation.
D. a motorhome owned by an individual.
6. *Jane has a $150,000 homeowners policy with a 3% A
percentage deductible. One night, an oven fire de-
stroys her kitchen, causing $50,000 in damage. How
much of the damage falls under Jane's responsibility?
A. $4,500
B. $15,000
C. $3,600
D. $1,500
7. All of the following pieces of information can be found D
in the Conditions section of an insurance policy, EX-
CEPT:
A. anything the insured must do for coverage to re-
, Adjuster Pro: Indiana Adjuster's License - Practice Exam
Study online at https://quizlet.com/_hc3e2g
main in effect.
B. what the insured must do in the event of a lawsuit.
C. the insured's duties after a loss.
D. causes of loss that are not covered.
8. A few weeks ago Christopher's garage was destroyed C
by an out-of-control motorist. Fortunately, the mo-
torist had sufficient liability insurance to cover the
damages. However, the insurer insists that Christo-
pher's garage is worth far less than the appraisals he
has received from contractors. Christopher and the
insurer have gone back and forth in negotiations for
weeks, making little headway. Christopher decides it's
time to:
A. issue an answer for the policyholder.
B. issue a judgment.
C. issue a complaint against the policyholder.
D. issue a reservation of rights.
9. Which of the following may be covered under an Equip- C
ment Breakdown Protection Coverage Form?
A. Self-propelled equipment
B. Dragline, excavation, and construction equipment
C. Equipment built to operate under internal pressure
or vacuum
D. Equipment used solely for therapeutic or surgical
purposes
10. Jim drops his car off at ABC Garage to have his exhaust C
system repaired and takes the train to work. When he
returns, he finds that his car has been vandalized. Jim
has comprehensive coverage, but feels the garage is
