Public Adjuster Final Review Exam Questions And
Correct Answers.
Public Adjuster License examination - (ANSWERS)Focuses on State laws and regulations
#$%^&
relating to licensing and conduct of public adjusters.
Claim-settlement practices - (ANSWERS)Activities of insurance companies' protection of
policyholders against insurance company insolvency.
Department of Insurance - (ANSWERS)The regulatory unit in Illinois responsible for enforcing
insurance laws.
Director of the Department of Insurance - (ANSWERS)The chief officer with the right, power, and
duty to execute and enforce the insurance laws of Illinois.
Investigations and examinations - (ANSWERS)Conducted by the Director to determine whether
anyone has violated insurance laws, rules, or regulations.
Access to records - (ANSWERS)Those being examined must provide the Director and
designated examiners convenient and free access to all relevant documents.
Disclosure document - (ANSWERS)A separate signed and dated document that the Public
Adjuster must provide to the insured policyholder prior to signing a contract.
Property insurance policies - (ANSWERS)Obligate the insured to present a claim to their
insurance company for consideration.
Types of adjusters - (ANSWERS)There are three types of adjusters that could be involved in the
claim process.
Legal code and regulations - (ANSWERS)The current legal code and regulations should be
consulted as the authority on any legal matter.
Enforcement of laws - (ANSWERS)The Director has the power to request the Attorney General
to enforce an Order made by the Director.
Insurance industry regulation - (ANSWERS)Falls mostly to individual states rather than the
federal government.
Separate department - (ANSWERS)Every state has a separate department responsible for
enforcing insurance laws.
Good records - (ANSWERS)Maintaining proper documentation is essential for the investigation
of business affairs.
Correct Answers.
Public Adjuster License examination - (ANSWERS)Focuses on State laws and regulations
#$%^&
relating to licensing and conduct of public adjusters.
Claim-settlement practices - (ANSWERS)Activities of insurance companies' protection of
policyholders against insurance company insolvency.
Department of Insurance - (ANSWERS)The regulatory unit in Illinois responsible for enforcing
insurance laws.
Director of the Department of Insurance - (ANSWERS)The chief officer with the right, power, and
duty to execute and enforce the insurance laws of Illinois.
Investigations and examinations - (ANSWERS)Conducted by the Director to determine whether
anyone has violated insurance laws, rules, or regulations.
Access to records - (ANSWERS)Those being examined must provide the Director and
designated examiners convenient and free access to all relevant documents.
Disclosure document - (ANSWERS)A separate signed and dated document that the Public
Adjuster must provide to the insured policyholder prior to signing a contract.
Property insurance policies - (ANSWERS)Obligate the insured to present a claim to their
insurance company for consideration.
Types of adjusters - (ANSWERS)There are three types of adjusters that could be involved in the
claim process.
Legal code and regulations - (ANSWERS)The current legal code and regulations should be
consulted as the authority on any legal matter.
Enforcement of laws - (ANSWERS)The Director has the power to request the Attorney General
to enforce an Order made by the Director.
Insurance industry regulation - (ANSWERS)Falls mostly to individual states rather than the
federal government.
Separate department - (ANSWERS)Every state has a separate department responsible for
enforcing insurance laws.
Good records - (ANSWERS)Maintaining proper documentation is essential for the investigation
of business affairs.
