Georgia Adjuster Exam 2025 Questions
and Answers
Consequential also known as Indirect Loss - --Answer --An insured's
business is damaged because of a fire and he is forced to close business temporarily
for repairs. As a result the insured lost income. What type of loss is this?
Combined Single - --Answer --The insured crashes into a porch and the
person sitting on the porch. The person on the porch is injured. The insured's
insurance policy has a limit set at $500,000. This amount applies to the total of
damages for any bodily injury and property damage resulting from one accident.
Which type of limit of liability does the insured have? This single dollar limit of
liability applying to the total of damages for bodily injury and property damage
combined resulting from one accident or occurrence
$100,000 - --Answer --If a liability policy had split limits of 100/300/100,
what is the maximum amount that would be payable in the event of injury to a
single person? The first limit shown is the most the policy will pay for bodily injury
to any one person
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 1
,Absolute - --Answer --What kind of liability would a person with a
swimming pool have?
Any conduct that is inherently dangerous imposes this liability. The claimant does
not have to prove anythhing.
Only to individuals - --Answer --An agent license can be issued
A change in the risk that substantially increases the hazard insured against - --
Answer --If a policy has been in affect for at least 60 days or is due for
renewal, a cancellation may only be affected for this reason
Authorized Insurer - --Answer --An insurer that holds a Certificate of
Authority in the state in which it transacts business is considered to be
15% - --Answer --An insured must get advanced warning if the premiums
will be increased by more than
Written notice of an increase in premiums that exceed this amount of the current
policy's premium must be delivered or mailed to the insured at least 45 days before
the effective date of the change
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 2
,Indemnity - --Answer --The insurance principle that states if a policy allows
for greater compensation than the financial loss incurred, the insured may only
receive benefits for the amount lost.
Loss - --Answer --Insurance is a contract by which one seeks to protect
another from
Pair and Set Clause - --Answer --The loss settlement based on the
reasonable and fair portion that the lost or damaged part bears to the total value of
the set
In the event of a loss to only part of a pair or set, losses will be settled either by
repairing or replacing the damaged part or by paying the difference between the
actual cash value before and after the loss.
Provides the insurer a method of settling a loss when only a part of the insured
pair or set is damaged. The insurer will pay for the loss or damage to an insured
item, plus the amount that the loss of one item detracts from the value of
undamaged item(s) of the pair or set.
Insuring clause, Exclusions, Conditions - --Answer --The essential parts of
an insurance policy
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 3
, Conditions - --Answer --Because an insurance policy is legal contract, it
must conform to the state laws governing contracts which require all the following
statements except
Legal purpose, Consideration, Conditions, Offer and Acceptance
Beneficiary's consent - --Answer --An insurance contract must contain all of
the following to be considered legally binding EXCEPT
Offer and Acceptance, Consideration, Beneficiary's Consent, Competent Parties
The essential elements of a legal contract are
Offer and Acceptance, Consideration, Competent Parties, Legal Purpose
Consideration - --Answer --** Something of value one party gives to
another. --The consideration on the part of the insured is the payment of premium
and the representations made in the policy.
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 4
and Answers
Consequential also known as Indirect Loss - --Answer --An insured's
business is damaged because of a fire and he is forced to close business temporarily
for repairs. As a result the insured lost income. What type of loss is this?
Combined Single - --Answer --The insured crashes into a porch and the
person sitting on the porch. The person on the porch is injured. The insured's
insurance policy has a limit set at $500,000. This amount applies to the total of
damages for any bodily injury and property damage resulting from one accident.
Which type of limit of liability does the insured have? This single dollar limit of
liability applying to the total of damages for bodily injury and property damage
combined resulting from one accident or occurrence
$100,000 - --Answer --If a liability policy had split limits of 100/300/100,
what is the maximum amount that would be payable in the event of injury to a
single person? The first limit shown is the most the policy will pay for bodily injury
to any one person
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 1
,Absolute - --Answer --What kind of liability would a person with a
swimming pool have?
Any conduct that is inherently dangerous imposes this liability. The claimant does
not have to prove anythhing.
Only to individuals - --Answer --An agent license can be issued
A change in the risk that substantially increases the hazard insured against - --
Answer --If a policy has been in affect for at least 60 days or is due for
renewal, a cancellation may only be affected for this reason
Authorized Insurer - --Answer --An insurer that holds a Certificate of
Authority in the state in which it transacts business is considered to be
15% - --Answer --An insured must get advanced warning if the premiums
will be increased by more than
Written notice of an increase in premiums that exceed this amount of the current
policy's premium must be delivered or mailed to the insured at least 45 days before
the effective date of the change
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 2
,Indemnity - --Answer --The insurance principle that states if a policy allows
for greater compensation than the financial loss incurred, the insured may only
receive benefits for the amount lost.
Loss - --Answer --Insurance is a contract by which one seeks to protect
another from
Pair and Set Clause - --Answer --The loss settlement based on the
reasonable and fair portion that the lost or damaged part bears to the total value of
the set
In the event of a loss to only part of a pair or set, losses will be settled either by
repairing or replacing the damaged part or by paying the difference between the
actual cash value before and after the loss.
Provides the insurer a method of settling a loss when only a part of the insured
pair or set is damaged. The insurer will pay for the loss or damage to an insured
item, plus the amount that the loss of one item detracts from the value of
undamaged item(s) of the pair or set.
Insuring clause, Exclusions, Conditions - --Answer --The essential parts of
an insurance policy
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 3
, Conditions - --Answer --Because an insurance policy is legal contract, it
must conform to the state laws governing contracts which require all the following
statements except
Legal purpose, Consideration, Conditions, Offer and Acceptance
Beneficiary's consent - --Answer --An insurance contract must contain all of
the following to be considered legally binding EXCEPT
Offer and Acceptance, Consideration, Beneficiary's Consent, Competent Parties
The essential elements of a legal contract are
Offer and Acceptance, Consideration, Competent Parties, Legal Purpose
Consideration - --Answer --** Something of value one party gives to
another. --The consideration on the part of the insured is the payment of premium
and the representations made in the policy.
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 4
