GA Insurance Adjuster Course Exam
2025 Questions and Answers
Six Special Characteristic of Insurance Contracts - --Answer --Personal,
Adhesion, Utmost Good Faith, Aleatory, Unilateral, Condition
Coverage F - --Answer --Medical Payments
Umbrella - --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 - --Answer --Management of severe risk by transferring
the risk of another party
Risk Avoidance - --Answer --Eliminates risk by not taking an action that
involves risk
B.O.P. - --Answer --Business Owner Package
C.P.P - --Answer --Commercial Package Policies
Representation - --Answer --A statement of a fact
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 1
,Misrepresentation - --Answer --A false, distorted, or deceitful statement of
fact or opinion, even if made unintentionally
Personal Contract - --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 - --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 - --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 - --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 - --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 - --Answer --An unincorporated organization of
subscriber that operates through an attorney in fact to provide insurance benefits
for its members
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 2
,Risk Reduction "Risk Mitigation" - --Answer --Taking measures to reduce
the risk involved in an action
Risk Retention - --Answer --Acknowledging the risk and preparing to handle
unexpected losses that may occur.
Coverage B - --Answer --Detached Private Structures
Coverage D - --Answer --Loss of use; Fair Rental Value, Additional living
expenses
Conditional Contract - --Answer --The insurer only has to perform if certain
conditions are met.
Unilateral Contract - --Answer --The insurer has an obligation to pay for
covered losses. The insured has no obligation.
Concealment - --Answer --Deliberately withholding relevant information
Binder - --Answer --Temporary coverage for an insurance applicant until the
policy is issued
$500 - --Answer --Personal Article Floater have the amount
of______deductible
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 3
, Morale Hazard - --Answer --Takes place when insured acts differently
because of the comfort that insurance protection provides.
Surety - --Answer --Guarantees to pay obligee if principal defaults
Indemnitor - --Answer --Fourth Party to a surety bond who agrees to
reimburse the surety for losses sustained if the principal defaults
Suretyship - --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 - --Answer --The contract should be
interpreted as a reasonable person would interpret it
Coverage C - --Answer --personal property
HO-3 (special form) - --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) - --Answer --covers the dwelling, other structures, and
personal property on a named perils basis
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 4
2025 Questions and Answers
Six Special Characteristic of Insurance Contracts - --Answer --Personal,
Adhesion, Utmost Good Faith, Aleatory, Unilateral, Condition
Coverage F - --Answer --Medical Payments
Umbrella - --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 - --Answer --Management of severe risk by transferring
the risk of another party
Risk Avoidance - --Answer --Eliminates risk by not taking an action that
involves risk
B.O.P. - --Answer --Business Owner Package
C.P.P - --Answer --Commercial Package Policies
Representation - --Answer --A statement of a fact
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 1
,Misrepresentation - --Answer --A false, distorted, or deceitful statement of
fact or opinion, even if made unintentionally
Personal Contract - --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 - --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 - --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 - --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 - --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 - --Answer --An unincorporated organization of
subscriber that operates through an attorney in fact to provide insurance benefits
for its members
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 2
,Risk Reduction "Risk Mitigation" - --Answer --Taking measures to reduce
the risk involved in an action
Risk Retention - --Answer --Acknowledging the risk and preparing to handle
unexpected losses that may occur.
Coverage B - --Answer --Detached Private Structures
Coverage D - --Answer --Loss of use; Fair Rental Value, Additional living
expenses
Conditional Contract - --Answer --The insurer only has to perform if certain
conditions are met.
Unilateral Contract - --Answer --The insurer has an obligation to pay for
covered losses. The insured has no obligation.
Concealment - --Answer --Deliberately withholding relevant information
Binder - --Answer --Temporary coverage for an insurance applicant until the
policy is issued
$500 - --Answer --Personal Article Floater have the amount
of______deductible
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 3
, Morale Hazard - --Answer --Takes place when insured acts differently
because of the comfort that insurance protection provides.
Surety - --Answer --Guarantees to pay obligee if principal defaults
Indemnitor - --Answer --Fourth Party to a surety bond who agrees to
reimburse the surety for losses sustained if the principal defaults
Suretyship - --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 - --Answer --The contract should be
interpreted as a reasonable person would interpret it
Coverage C - --Answer --personal property
HO-3 (special form) - --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) - --Answer --covers the dwelling, other structures, and
personal property on a named perils basis
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 4
