LA Claims Adjuster Property and
Causality Practice Exam 2 with 100%
correct answers 2025
A single Declarations page common to all coverages
A single conditions section common to all coverages - Correct AnswerA commercial
package policy always includes
Send the insured a reservation of rights letter - Correct AnswerIf the insured fails to
report claim in a timely fashion, the adjuster will immediately ___
$1000 per person - Correct AnswerThe basic limit for coverage F-medical payments of
the standard homeowners form is normally
$250 - Correct AnswerThe CGL provides up to ___per day for loss of earnings as a
supplementary payment
Was made for the benefit of the insurance company and does not warrant the insureds
compliance with all laws and regulations - Correct AnswerThe insurance company
chooses to inspect the insureds premises, the insurance inspection:
60 days. - Correct AnswerWhen is loss payable under LA standard fire policy?
30 days - Correct AnswerWhen an insurer has received a completed satisfactory proof
of loss, how many days does the insurer have to pay the loss
expediting expense coverage - Correct Answername the coverage that applies to the
extra cost the insured incurs to make temporary repairs and speed up the permanent
repairs replacement of damage covered equipment under an equipment breakdown
policy
Until the repairs are complete and the business re-opens, subject to a 12 consecutive
month limitation - Correct AnswerHow long will the business owner policy pay for the
"extra expense coverage" used to reduce the loss of income when the insured has
suffered a loss from a covered peril
handled as a supplementary payment - Correct AnswerTypically how are defense cost
handled under aviation policy
additional living expenses is included in this coverage as well as fair rental value -
Correct Answerunder the HO policy, loss of use would cover what
60 days prior to the effective date - Correct AnswerDwelling forms include a
liberalization clause. it says that any revision of coverage which broadens the insurance
,without an additional premium charge will be automatically applied to existing policies if
the revision adopted during the policy period or within
Actual Cash Value - Correct AnswerEquipment breakdown protection coverage form
normally pays replacement cost unless endorsed to pay ___
accidental shooting of livestock - Correct Answer____is covered under the broad dorm
farm owners policy but is not covered under the basic form farm owners policy
24 - Correct AnswerIn keeping with the terms and conditions of the LAW standard Fire
Insurance policy an insured may file suit to recover for a loss only if all policy
requirements have been compiled with and only if the suit is filed within __months of the
date of loss
from the time of acquisition and up to 90 days thereafter - Correct AnswerCGL newly
acquired entity how long will the new entity be automatically considered insured under
the current CGL
Reservation of rights letter - Correct Answerwhat does the insurer do when the insured
has possibly waived his or her rights in a liability claim
10 days - Correct Answerhow much advance notice of a hearing must the LA insurance
commissioner give to affected interested parties
$500 - Correct Answerwhat is the maximum fine for each violates the "immediate
contact" rule in LA
Freight Insurance - Correct AnswerThis ocean marine insurance coverage protects the
vessel owner in the event that cargo shipping cost are not paid
6 months/ 3 - Correct AnswerTo protect the public, the commissioner may examine a
domestic insurer every__ during the first ___years of organization
$25,000 - Correct AnswerWhat is the limit that is paid for water damage under
equipment breakdown policy
15,000/30,000/25,000 - Correct AnswerIn order to satisfy the motor vehicle safety
responsibility law in Louisiana, what are the required minimum auto limits of liability a
person must carry
Garagekeepers Legal Liability - Correct AnswerWhat coverage is used to cover the
damage to a customers vehicle in the care of custody of a repair garage.
within 30 days following the receipt of such demand - Correct Answerwhen a hearing is
demanded by the commissioner of insurance in Louisianan, when must such a hearing
be held?
, Estoppel - Correct AnswerIf an insurance company covered an excluded claim it may
have to continue paying other such claims because of
an NFIP dwelling policy under the regular program - Correct AnswerNFIP polices is
required to include the increased cost of compliance coverage
Reported within one year of the date of the accident - Correct AnswerIn a CGL policy,
"medical payments" claims must be
defense - Correct AnswerThe policy can not pay more then its limit if liability. Under
supplemental coverages in the policy the policy will pay the __ cost plus the cost of
premiums on appeal bonds and bail bonds
a constructive total loss - Correct AnswerDescribes a situation where a building is not a
total loss but the cost to repair the building is greater then the value of the building
Usually excluded unless the work out of which the damage arose was done by a
subcontractor rather than the insured - Correct AnswerProperty damage to an insured's
work that arises out of the work and its part of the products-completed operations
hazard as defined in a commercial umbrella liability policy
power, light, heat, steam or refrigeration - Correct AnswerLack of _____ is not
considered a "breakdown" under equipment breakdown coverage
relocation expenses - Correct AnswerClaims expenses under section II- personal
liabillity of the homeowner form do not include
set at 50% of coverage A unless a higher limit is requested - Correct AnswerUnder an
H)-3, the limit for coverage C-Personal Property for a one or two family dwelling is
If the insured insures all of their vehicles with the company or it replaces a covered auto
- Correct AnswerThe BAP uses symbol 7 to cover "specifically described autos"
identified in the declarations. An auto acquired the policy period will be covered
real property - Correct AnswerLouisiana has a valued policy law. The insurer must pay
evaluation limit it computed on the property in issuing the coverage on the ___
All insurances who write property and casualty ins - Correct AnswerWho must
particpate in FAIR
Profit and loss statement - Correct AnswerIn computing business interruption losses
what most important
Causality Practice Exam 2 with 100%
correct answers 2025
A single Declarations page common to all coverages
A single conditions section common to all coverages - Correct AnswerA commercial
package policy always includes
Send the insured a reservation of rights letter - Correct AnswerIf the insured fails to
report claim in a timely fashion, the adjuster will immediately ___
$1000 per person - Correct AnswerThe basic limit for coverage F-medical payments of
the standard homeowners form is normally
$250 - Correct AnswerThe CGL provides up to ___per day for loss of earnings as a
supplementary payment
Was made for the benefit of the insurance company and does not warrant the insureds
compliance with all laws and regulations - Correct AnswerThe insurance company
chooses to inspect the insureds premises, the insurance inspection:
60 days. - Correct AnswerWhen is loss payable under LA standard fire policy?
30 days - Correct AnswerWhen an insurer has received a completed satisfactory proof
of loss, how many days does the insurer have to pay the loss
expediting expense coverage - Correct Answername the coverage that applies to the
extra cost the insured incurs to make temporary repairs and speed up the permanent
repairs replacement of damage covered equipment under an equipment breakdown
policy
Until the repairs are complete and the business re-opens, subject to a 12 consecutive
month limitation - Correct AnswerHow long will the business owner policy pay for the
"extra expense coverage" used to reduce the loss of income when the insured has
suffered a loss from a covered peril
handled as a supplementary payment - Correct AnswerTypically how are defense cost
handled under aviation policy
additional living expenses is included in this coverage as well as fair rental value -
Correct Answerunder the HO policy, loss of use would cover what
60 days prior to the effective date - Correct AnswerDwelling forms include a
liberalization clause. it says that any revision of coverage which broadens the insurance
,without an additional premium charge will be automatically applied to existing policies if
the revision adopted during the policy period or within
Actual Cash Value - Correct AnswerEquipment breakdown protection coverage form
normally pays replacement cost unless endorsed to pay ___
accidental shooting of livestock - Correct Answer____is covered under the broad dorm
farm owners policy but is not covered under the basic form farm owners policy
24 - Correct AnswerIn keeping with the terms and conditions of the LAW standard Fire
Insurance policy an insured may file suit to recover for a loss only if all policy
requirements have been compiled with and only if the suit is filed within __months of the
date of loss
from the time of acquisition and up to 90 days thereafter - Correct AnswerCGL newly
acquired entity how long will the new entity be automatically considered insured under
the current CGL
Reservation of rights letter - Correct Answerwhat does the insurer do when the insured
has possibly waived his or her rights in a liability claim
10 days - Correct Answerhow much advance notice of a hearing must the LA insurance
commissioner give to affected interested parties
$500 - Correct Answerwhat is the maximum fine for each violates the "immediate
contact" rule in LA
Freight Insurance - Correct AnswerThis ocean marine insurance coverage protects the
vessel owner in the event that cargo shipping cost are not paid
6 months/ 3 - Correct AnswerTo protect the public, the commissioner may examine a
domestic insurer every__ during the first ___years of organization
$25,000 - Correct AnswerWhat is the limit that is paid for water damage under
equipment breakdown policy
15,000/30,000/25,000 - Correct AnswerIn order to satisfy the motor vehicle safety
responsibility law in Louisiana, what are the required minimum auto limits of liability a
person must carry
Garagekeepers Legal Liability - Correct AnswerWhat coverage is used to cover the
damage to a customers vehicle in the care of custody of a repair garage.
within 30 days following the receipt of such demand - Correct Answerwhen a hearing is
demanded by the commissioner of insurance in Louisianan, when must such a hearing
be held?
, Estoppel - Correct AnswerIf an insurance company covered an excluded claim it may
have to continue paying other such claims because of
an NFIP dwelling policy under the regular program - Correct AnswerNFIP polices is
required to include the increased cost of compliance coverage
Reported within one year of the date of the accident - Correct AnswerIn a CGL policy,
"medical payments" claims must be
defense - Correct AnswerThe policy can not pay more then its limit if liability. Under
supplemental coverages in the policy the policy will pay the __ cost plus the cost of
premiums on appeal bonds and bail bonds
a constructive total loss - Correct AnswerDescribes a situation where a building is not a
total loss but the cost to repair the building is greater then the value of the building
Usually excluded unless the work out of which the damage arose was done by a
subcontractor rather than the insured - Correct AnswerProperty damage to an insured's
work that arises out of the work and its part of the products-completed operations
hazard as defined in a commercial umbrella liability policy
power, light, heat, steam or refrigeration - Correct AnswerLack of _____ is not
considered a "breakdown" under equipment breakdown coverage
relocation expenses - Correct AnswerClaims expenses under section II- personal
liabillity of the homeowner form do not include
set at 50% of coverage A unless a higher limit is requested - Correct AnswerUnder an
H)-3, the limit for coverage C-Personal Property for a one or two family dwelling is
If the insured insures all of their vehicles with the company or it replaces a covered auto
- Correct AnswerThe BAP uses symbol 7 to cover "specifically described autos"
identified in the declarations. An auto acquired the policy period will be covered
real property - Correct AnswerLouisiana has a valued policy law. The insurer must pay
evaluation limit it computed on the property in issuing the coverage on the ___
All insurances who write property and casualty ins - Correct AnswerWho must
particpate in FAIR
Profit and loss statement - Correct AnswerIn computing business interruption losses
what most important
