ILLINOIS PUBLIC ADJUSTER EXAM STUDY
GUIDE REVIEW 2025| BRAND NEW ACTUAL EXAM
WITH 100% VERIFIED QUESTIONS AND CORRECT
SOLUTIONS| GUARANTEED VALUE PACK| #$%^&
ACE
YOUR GRADES
Class 4 felony - (ANSWERS)Any person misappropriating or converting any monies collected as
a public adjuster, whether license or not, will be guilty of a -
Contract between Public Adjuster and Insured - (ANSWERS)Must include:
Names and license number of the public adjuster
Effective date of use
Formatted in no less than 10 font; full name of the person signing the contact, form number and
edition of the form must be on the lower left hand corner for it to be approved,
Home state, business address and phone number,
The title "Public Adjuster Contract" printed at the head of the contract form
Insureds: full name, street address, insurance company name, and policy number
A description of loss & it's location
Description of services to be provided to the insured
A place for the signatures of the public adjuster and the insured
The date and time the contract was signed by the adjuster and the insured.
Attestation language stating that the public adjuster is fully bonded as required by state law
Disclosure of full salary, fee, commission, compensation/ considerations the public adjuster is
to receive for services
Notices that must be included in contract between PA & insured - (ANSWERS)- Any public
adjuster contract will be voidable for 5 business days after execution at the option of the insured
- any contract with a public adjuster that is executed within the five day period after the loss
producing occurrence is voidable for 10 days after execution
- if the insurer pays or commits in writing to pay the policy limit within five business days after
the date of the loss is reported to the insurance company the public adjuster will not receive a
commission, only compensation for services provided
Right to rescind the contract - (ANSWERS)If the insured exercises the right to resend the
contract anything of value given by the insured under the contract must be returned to the
insured within 15 Business days following the receipt by the public adjuster of the cancellation
notice
Client disclosure - (ANSWERS)If the client of the public adjuster chooses a company,
contractor or any other vendor in which the public adjuster holds any ownership or equitable
interest then that interest must be disclosed to the client.
, ILLINOIS PUBLIC ADJUSTER EXAM STUDY
GUIDE REVIEW 2025| BRAND NEW ACTUAL EXAM
WITH 100% VERIFIED QUESTIONS AND CORRECT
SOLUTIONS| GUARANTEED VALUE PACK| #$%^&
ACE
YOUR GRADES
Required disclosures - (ANSWERS)The public adjuster must provide written disclosures
regarding financial interests, the claim process and the "consumer rights notice" before the
insured signs a public adjuster contract.
The public adjuster will be responsible for costs - (ANSWERS)If the public adjuster refers the
insured to a contractor the public adjuster warrants that all work will be performed in a
workmanlike manner if it is not completed in that manner then the:
Deductible amount, net claim payment - (ANSWERS)A public adjuster commission, charges or
fees must not include the _______, and will only be based on _______ made by the insurer.
PA's cannot represent while: - (ANSWERS)- while a loss producing occurrence is continuing nor
while the fire department or its representatives are engaged at the damaged premises nor
between the hours of 7 PM and 8 AM
Required disclosure - (ANSWERS)Any compensation or anything of value in connection with the
insured's specific loss that will be received by a public adjuster must be disclosed by the public
adjuster to the insured in writing including the source and amount.
30 calendar days = payment release - (ANSWERS)When proceeds are paid jointly, the insured
must release the portion due to the public adjuster within ____ calendar days, if not, insured
must provide the PA with a written explanation for the delay.
General ethical requirements - (ANSWERS)No public adjuster while licensed by the
Department, may represent or act as a company adjuster or independent adjuster on the same
claim. Ya can't be both at once
Emergency services - (ANSWERS)A public adjuster may not advance money or any valuable
consideration except: ______ pending adjustment of a claim
A public adjuster may not: - (ANSWERS)provide legal advice / representation to the insured /
engage in unauthorized practice of law
Public adjusters may not represent that: - (ANSWERS)He/she is a representative of a insurance
company, a fire department, or the state of Illinois, or that he or she is a fire investigator or that
his or her services are required for the insured to submit a claim to the iinsurance company.
GUIDE REVIEW 2025| BRAND NEW ACTUAL EXAM
WITH 100% VERIFIED QUESTIONS AND CORRECT
SOLUTIONS| GUARANTEED VALUE PACK| #$%^&
ACE
YOUR GRADES
Class 4 felony - (ANSWERS)Any person misappropriating or converting any monies collected as
a public adjuster, whether license or not, will be guilty of a -
Contract between Public Adjuster and Insured - (ANSWERS)Must include:
Names and license number of the public adjuster
Effective date of use
Formatted in no less than 10 font; full name of the person signing the contact, form number and
edition of the form must be on the lower left hand corner for it to be approved,
Home state, business address and phone number,
The title "Public Adjuster Contract" printed at the head of the contract form
Insureds: full name, street address, insurance company name, and policy number
A description of loss & it's location
Description of services to be provided to the insured
A place for the signatures of the public adjuster and the insured
The date and time the contract was signed by the adjuster and the insured.
Attestation language stating that the public adjuster is fully bonded as required by state law
Disclosure of full salary, fee, commission, compensation/ considerations the public adjuster is
to receive for services
Notices that must be included in contract between PA & insured - (ANSWERS)- Any public
adjuster contract will be voidable for 5 business days after execution at the option of the insured
- any contract with a public adjuster that is executed within the five day period after the loss
producing occurrence is voidable for 10 days after execution
- if the insurer pays or commits in writing to pay the policy limit within five business days after
the date of the loss is reported to the insurance company the public adjuster will not receive a
commission, only compensation for services provided
Right to rescind the contract - (ANSWERS)If the insured exercises the right to resend the
contract anything of value given by the insured under the contract must be returned to the
insured within 15 Business days following the receipt by the public adjuster of the cancellation
notice
Client disclosure - (ANSWERS)If the client of the public adjuster chooses a company,
contractor or any other vendor in which the public adjuster holds any ownership or equitable
interest then that interest must be disclosed to the client.
, ILLINOIS PUBLIC ADJUSTER EXAM STUDY
GUIDE REVIEW 2025| BRAND NEW ACTUAL EXAM
WITH 100% VERIFIED QUESTIONS AND CORRECT
SOLUTIONS| GUARANTEED VALUE PACK| #$%^&
ACE
YOUR GRADES
Required disclosures - (ANSWERS)The public adjuster must provide written disclosures
regarding financial interests, the claim process and the "consumer rights notice" before the
insured signs a public adjuster contract.
The public adjuster will be responsible for costs - (ANSWERS)If the public adjuster refers the
insured to a contractor the public adjuster warrants that all work will be performed in a
workmanlike manner if it is not completed in that manner then the:
Deductible amount, net claim payment - (ANSWERS)A public adjuster commission, charges or
fees must not include the _______, and will only be based on _______ made by the insurer.
PA's cannot represent while: - (ANSWERS)- while a loss producing occurrence is continuing nor
while the fire department or its representatives are engaged at the damaged premises nor
between the hours of 7 PM and 8 AM
Required disclosure - (ANSWERS)Any compensation or anything of value in connection with the
insured's specific loss that will be received by a public adjuster must be disclosed by the public
adjuster to the insured in writing including the source and amount.
30 calendar days = payment release - (ANSWERS)When proceeds are paid jointly, the insured
must release the portion due to the public adjuster within ____ calendar days, if not, insured
must provide the PA with a written explanation for the delay.
General ethical requirements - (ANSWERS)No public adjuster while licensed by the
Department, may represent or act as a company adjuster or independent adjuster on the same
claim. Ya can't be both at once
Emergency services - (ANSWERS)A public adjuster may not advance money or any valuable
consideration except: ______ pending adjustment of a claim
A public adjuster may not: - (ANSWERS)provide legal advice / representation to the insured /
engage in unauthorized practice of law
Public adjusters may not represent that: - (ANSWERS)He/she is a representative of a insurance
company, a fire department, or the state of Illinois, or that he or she is a fire investigator or that
his or her services are required for the insured to submit a claim to the iinsurance company.
