GA Insurance Adjuster (2025) Actual Exam
Questions and Answers A+ Graded
Six .Special .Characteristic .of .Insurance .Contracts .- .CORRECT .ANSWER .-
Personal, .Adhesion, .Utmost .Good .Faith, .Aleatory, .Unilateral, .Condition
Coverage .F .- .CORRECT .ANSWER .-Medical .Payments
Umbrella .- .CORRECT .ANSWER .-An .umbrella .policy .provided .liability .coverage
.over .and .above .the .normal .or .base .limits .of .liability .in .a .policy. .An .umbrella
.policy .is .a .type .of .excess .policy
Risk .Transference .- .CORRECT .ANSWER .-Management .of .severe .risk .by
.transferring .the .risk .of .another .party
Risk .Avoidance .- .CORRECT .ANSWER .-Eliminates .risk .by .not .taking .an .action
.that .involves .risk
B.O.P. .- .CORRECT .ANSWER .-Business .Owner .Package
C.P.P .- .CORRECT .ANSWER .-Commercial .Package .Policies
Representation .- .CORRECT .ANSWER .-A .statement .of .a .fact
Misrepresentation .- .CORRECT .ANSWER .-A .false, .distorted, .or .deceitful
.statement .of .fact .or .opinion, .even .if .made .unintentionally
Personal .Contract .- .CORRECT .ANSWER .-Protects .the .policyholder .from
.financial .losses. .It .does .not .protect .property .from .becoming .damaged.
.Coverage .the .follows .the .person, .not .the .property.
Adhesion .Contract .- .CORRECT .ANSWER .-The .insurer .is .responsible .for .the
.term .of .the .contract. .The .insured .has .no .say .in .wording. .Courts .favor .the
.insured .in .the .event .of .an .ambiguity.
Utmost .Good .Faith .Contract .- .CORRECT .ANSWER .-Applicants .are .expected .to
.be .completely .honest .about .the .risk .to .the .insurer. .The .insurer .must .rely .on
.applicants .to .conceal .or .misrepresent .pertinent .facts.
Aleatory .Contract .- .CORRECT .ANSWER .-Policy .holder .could .pay .more .in
.premiums .than .they .ever .get .for .claims, .or .insurer .could .pay .more .in .claims
.than .it .recieves.
,60 .- .CORRECT .ANSWER .-A .discovery .from .commercial .crime .policy .can .apply
.to .losses .discovered .during .the .policy .as .well .as .up .to .many .days .after .his
.expiration .date.
Reciprocal .Insurer .- .CORRECT .ANSWER .-An .unincorporated .organization .of
.subscriber .that .operates .through .an .attorney .in .fact .to .provide .insurance
.benefits .for .its .members
Risk .Reduction ."Risk .Mitigation" .- .CORRECT .ANSWER .-Taking .measures .to
.reduce .the .risk .involved .in .an .action
Risk .Retention .- .CORRECT .ANSWER .-Acknowledging .the .risk .and .preparing .to
.handle .unexpected .losses .that .may .occur.
Coverage .B .- .CORRECT .ANSWER .-Detached .Private .Structures
Coverage .D .- .CORRECT .ANSWER .-Loss .of .use; .Fair .Rental .Value, .Additional
.living .expenses
Conditional .Contract .- .CORRECT .ANSWER .-The .insurer .only .has .to .perform .if
.certain .conditions .are .met.
Unilateral .Contract .- .CORRECT .ANSWER .-The .insurer .has .an .obligation .to .pay
.for .covered .losses. .The .insured .has .no .obligation.
Concealment .- .CORRECT .ANSWER .-Deliberately .withholding .relevant
.information
Binder .- .CORRECT .ANSWER .-Temporary .coverage .for .an .insurance .applicant
.until .the .policy .is .issued
$500 .- .CORRECT .ANSWER .-Personal .Article .Floater .have .the .amount
.of______deductible
Morale .Hazard .- .CORRECT .ANSWER .-Takes .place .when .insured .acts .differently
.because .of .the .comfort .that .insurance .protection .provides.
Surety .- .CORRECT .ANSWER .-Guarantees .to .pay .obligee .if .principal .defaults
Indemnitor .- .CORRECT .ANSWER .-Fourth .Party .to .a .surety .bond .who .agrees .to
.reimburse .the .surety .for .losses .sustained .if .the .principal .defaults
Suretyship .- .CORRECT .ANSWER .-An .arrangement .between .three .parties .in
.which .one .party .promises .to .perform .for .another .party, .and .a .third .party
.guarantees .they .will .fulfill .that .premise
Doctrine .of .Reasonable .Expectations .- .CORRECT .ANSWER .-The .contract
.should .be .interpreted .as .a .reasonable .person .would .interpret .it
, Coverage .C .- .CORRECT .ANSWER .-personal .property
HO-3 .(special .form) .- .CORRECT .ANSWER .-covers .the .dwelling .and .other
.structures .on .a .risk-of-direct-physical .loss .basis. .All .direct .physical .losses .are
.covered .except .those .losses .specifically .excluded. .Personal .property .is
.covered .on .a .named .perils .basis
HO-2 .(broad .form) .- .CORRECT .ANSWER .-covers .the .dwelling, .other .structures,
.and .personal .property .on .a .named .perils .basis
HO-4 .(contents .broad .form) .- .CORRECT .ANSWER .-covers .a .tenant's .personal
.property .on .a .named .perils .basis
HO-5 .Comprehensive .Form .- .CORRECT .ANSWER .-provides .open .perils
.coverage .("all-risks .coverage") .on .the .dwelling, .other .structures .and .personal
.property.
HO-6 .(Condo .Form) .- .CORRECT .ANSWER .-covers .personal .property .on .a
.named .perils .basis. .A .minimum .of .$5,000 .of .insurance .is .also .provided .on .the
.condominium .unit .that .covers .improvements .and .additions
HO-8 .(modified .coverage .form) .- .CORRECT .ANSWER .-designed .for .older
.homes. .Dwelling .and .other .structures .are .based .on .the .amount .required .to
.repair .or .replace .using .common .construction .materials .and .methods
How .long .do .you .have .to .file .a .law .suit .in .GA? .- .CORRECT .ANSWER .-2 .years
Which .statement .about .the .Federal .Employers .Liability .Act .is .True? .- .CORRECT
.ANSWER .-It .protects .only .interstate .railroad .workers .and .their .families
In .GA, .an .individual .has_____ .to .file .a .lawsuit .for .libel .- .CORRECT .ANSWER .-
One .Year
In .the .personal .Auto .Policy, .Part .F- .General .Provisions .Provides: .- .CORRECT
.ANSWER .-Rules .regarding .cancellation .or .changes .to .the .policy
Business .Income .Coverage .- .CORRECT .ANSWER .-Provides .protection .for .loss
.of .income .due .to .a .covered .loss
collateral .- .CORRECT .ANSWER .-A .sum .of .cash .or .valuable .property .put .into .a
.reserve .controlled .by .the .surety.
Standard .Form .25 .- .CORRECT .ANSWER .-Financial .institution .bond .is .designed
.for .all .types .of .insurance .companies
Captive .Insurance .- .CORRECT .ANSWER .-an .insurer .owned .by .a .parent .firm .for
.the .purpose .of .insuring .the .parent .firm's .loss .exposures
Questions and Answers A+ Graded
Six .Special .Characteristic .of .Insurance .Contracts .- .CORRECT .ANSWER .-
Personal, .Adhesion, .Utmost .Good .Faith, .Aleatory, .Unilateral, .Condition
Coverage .F .- .CORRECT .ANSWER .-Medical .Payments
Umbrella .- .CORRECT .ANSWER .-An .umbrella .policy .provided .liability .coverage
.over .and .above .the .normal .or .base .limits .of .liability .in .a .policy. .An .umbrella
.policy .is .a .type .of .excess .policy
Risk .Transference .- .CORRECT .ANSWER .-Management .of .severe .risk .by
.transferring .the .risk .of .another .party
Risk .Avoidance .- .CORRECT .ANSWER .-Eliminates .risk .by .not .taking .an .action
.that .involves .risk
B.O.P. .- .CORRECT .ANSWER .-Business .Owner .Package
C.P.P .- .CORRECT .ANSWER .-Commercial .Package .Policies
Representation .- .CORRECT .ANSWER .-A .statement .of .a .fact
Misrepresentation .- .CORRECT .ANSWER .-A .false, .distorted, .or .deceitful
.statement .of .fact .or .opinion, .even .if .made .unintentionally
Personal .Contract .- .CORRECT .ANSWER .-Protects .the .policyholder .from
.financial .losses. .It .does .not .protect .property .from .becoming .damaged.
.Coverage .the .follows .the .person, .not .the .property.
Adhesion .Contract .- .CORRECT .ANSWER .-The .insurer .is .responsible .for .the
.term .of .the .contract. .The .insured .has .no .say .in .wording. .Courts .favor .the
.insured .in .the .event .of .an .ambiguity.
Utmost .Good .Faith .Contract .- .CORRECT .ANSWER .-Applicants .are .expected .to
.be .completely .honest .about .the .risk .to .the .insurer. .The .insurer .must .rely .on
.applicants .to .conceal .or .misrepresent .pertinent .facts.
Aleatory .Contract .- .CORRECT .ANSWER .-Policy .holder .could .pay .more .in
.premiums .than .they .ever .get .for .claims, .or .insurer .could .pay .more .in .claims
.than .it .recieves.
,60 .- .CORRECT .ANSWER .-A .discovery .from .commercial .crime .policy .can .apply
.to .losses .discovered .during .the .policy .as .well .as .up .to .many .days .after .his
.expiration .date.
Reciprocal .Insurer .- .CORRECT .ANSWER .-An .unincorporated .organization .of
.subscriber .that .operates .through .an .attorney .in .fact .to .provide .insurance
.benefits .for .its .members
Risk .Reduction ."Risk .Mitigation" .- .CORRECT .ANSWER .-Taking .measures .to
.reduce .the .risk .involved .in .an .action
Risk .Retention .- .CORRECT .ANSWER .-Acknowledging .the .risk .and .preparing .to
.handle .unexpected .losses .that .may .occur.
Coverage .B .- .CORRECT .ANSWER .-Detached .Private .Structures
Coverage .D .- .CORRECT .ANSWER .-Loss .of .use; .Fair .Rental .Value, .Additional
.living .expenses
Conditional .Contract .- .CORRECT .ANSWER .-The .insurer .only .has .to .perform .if
.certain .conditions .are .met.
Unilateral .Contract .- .CORRECT .ANSWER .-The .insurer .has .an .obligation .to .pay
.for .covered .losses. .The .insured .has .no .obligation.
Concealment .- .CORRECT .ANSWER .-Deliberately .withholding .relevant
.information
Binder .- .CORRECT .ANSWER .-Temporary .coverage .for .an .insurance .applicant
.until .the .policy .is .issued
$500 .- .CORRECT .ANSWER .-Personal .Article .Floater .have .the .amount
.of______deductible
Morale .Hazard .- .CORRECT .ANSWER .-Takes .place .when .insured .acts .differently
.because .of .the .comfort .that .insurance .protection .provides.
Surety .- .CORRECT .ANSWER .-Guarantees .to .pay .obligee .if .principal .defaults
Indemnitor .- .CORRECT .ANSWER .-Fourth .Party .to .a .surety .bond .who .agrees .to
.reimburse .the .surety .for .losses .sustained .if .the .principal .defaults
Suretyship .- .CORRECT .ANSWER .-An .arrangement .between .three .parties .in
.which .one .party .promises .to .perform .for .another .party, .and .a .third .party
.guarantees .they .will .fulfill .that .premise
Doctrine .of .Reasonable .Expectations .- .CORRECT .ANSWER .-The .contract
.should .be .interpreted .as .a .reasonable .person .would .interpret .it
, Coverage .C .- .CORRECT .ANSWER .-personal .property
HO-3 .(special .form) .- .CORRECT .ANSWER .-covers .the .dwelling .and .other
.structures .on .a .risk-of-direct-physical .loss .basis. .All .direct .physical .losses .are
.covered .except .those .losses .specifically .excluded. .Personal .property .is
.covered .on .a .named .perils .basis
HO-2 .(broad .form) .- .CORRECT .ANSWER .-covers .the .dwelling, .other .structures,
.and .personal .property .on .a .named .perils .basis
HO-4 .(contents .broad .form) .- .CORRECT .ANSWER .-covers .a .tenant's .personal
.property .on .a .named .perils .basis
HO-5 .Comprehensive .Form .- .CORRECT .ANSWER .-provides .open .perils
.coverage .("all-risks .coverage") .on .the .dwelling, .other .structures .and .personal
.property.
HO-6 .(Condo .Form) .- .CORRECT .ANSWER .-covers .personal .property .on .a
.named .perils .basis. .A .minimum .of .$5,000 .of .insurance .is .also .provided .on .the
.condominium .unit .that .covers .improvements .and .additions
HO-8 .(modified .coverage .form) .- .CORRECT .ANSWER .-designed .for .older
.homes. .Dwelling .and .other .structures .are .based .on .the .amount .required .to
.repair .or .replace .using .common .construction .materials .and .methods
How .long .do .you .have .to .file .a .law .suit .in .GA? .- .CORRECT .ANSWER .-2 .years
Which .statement .about .the .Federal .Employers .Liability .Act .is .True? .- .CORRECT
.ANSWER .-It .protects .only .interstate .railroad .workers .and .their .families
In .GA, .an .individual .has_____ .to .file .a .lawsuit .for .libel .- .CORRECT .ANSWER .-
One .Year
In .the .personal .Auto .Policy, .Part .F- .General .Provisions .Provides: .- .CORRECT
.ANSWER .-Rules .regarding .cancellation .or .changes .to .the .policy
Business .Income .Coverage .- .CORRECT .ANSWER .-Provides .protection .for .loss
.of .income .due .to .a .covered .loss
collateral .- .CORRECT .ANSWER .-A .sum .of .cash .or .valuable .property .put .into .a
.reserve .controlled .by .the .surety.
Standard .Form .25 .- .CORRECT .ANSWER .-Financial .institution .bond .is .designed
.for .all .types .of .insurance .companies
Captive .Insurance .- .CORRECT .ANSWER .-an .insurer .owned .by .a .parent .firm .for
.the .purpose .of .insuring .the .parent .firm's .loss .exposures
