Adjuster Pro - Insurance adjuster test
Exam 2026 Questions and Answers 100%
Pass Guaranteed
What is insurance? - Correct answer-protection against financial loss
what is a premium - Correct answer-a scheduled amount to be paid for an
insurance policy.
What are premiums used for - Correct answer-premiums are collected into a "pool"
or "reserve to pay out claimants when needed.
how can insurance companies afford to pay for an individuals catastrophic loss? -
Correct answer-the insurer collects premiums from all policy holders and uses
them to pay out the claims of a few.
what is Indemnity - Correct answer-payment for damages, that is not more or less
than the amount caused by the damage.
principle of idemnity - Correct answer-insurance will pay no more or less than the
actual financial loss suffered
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,indemnification may also include - Correct answer-repairs to property
reimbursement for additional living expenses
rental cars and hotels
costs directly associated with a loss
4 Parts of Legal Contract - Correct answer-1. Agreement
2. Consideration
3. Competent Parties
4. Legal Purpose
legal contract - agreement - Correct answer-mutual intent by offeror and offeree
six special characteristics of insurance contracts - Correct answer-1. Personal
2. adhesion
3. utmost good faith
4. aleatory
5. unilateral
6. conditional
what kind of contract is an insurance policy? - Correct answer-Personal contract
©COPYRIGHT 2025, ALL RIGHTS RESERVE 2
, what is a contract of adhesion - Correct answer-the insured must accept the entire
contract with all of its terms and conditions
Utmost Good Faith - Correct answer-An obligation to act in complete honesty and
to disclose all relevant facts.
Aleatory Contract - Correct answer-a contract where the values exchanged may not
be equal but depend on an uncertain event
Unilateral Contract - Correct answer-insurance agrees that they must pay in event
of a claim. the insured can stop paying premiums at any point.
only the insurer has promised to perform an action.
Conditional Contract - Correct answer-A type of an agreement in which both
parties must perform certain duties and follow rules of conduct to make the
contract enforceable.
Acronym for the four sections of an Insurance policy - Correct answer-DICE
D - declarations page
I - Insuring Agreement
C- Conditions
E - Exclusions
©COPYRIGHT 2025, ALL RIGHTS RESERVE 3
Exam 2026 Questions and Answers 100%
Pass Guaranteed
What is insurance? - Correct answer-protection against financial loss
what is a premium - Correct answer-a scheduled amount to be paid for an
insurance policy.
What are premiums used for - Correct answer-premiums are collected into a "pool"
or "reserve to pay out claimants when needed.
how can insurance companies afford to pay for an individuals catastrophic loss? -
Correct answer-the insurer collects premiums from all policy holders and uses
them to pay out the claims of a few.
what is Indemnity - Correct answer-payment for damages, that is not more or less
than the amount caused by the damage.
principle of idemnity - Correct answer-insurance will pay no more or less than the
actual financial loss suffered
©COPYRIGHT 2025, ALL RIGHTS RESERVE 1
,indemnification may also include - Correct answer-repairs to property
reimbursement for additional living expenses
rental cars and hotels
costs directly associated with a loss
4 Parts of Legal Contract - Correct answer-1. Agreement
2. Consideration
3. Competent Parties
4. Legal Purpose
legal contract - agreement - Correct answer-mutual intent by offeror and offeree
six special characteristics of insurance contracts - Correct answer-1. Personal
2. adhesion
3. utmost good faith
4. aleatory
5. unilateral
6. conditional
what kind of contract is an insurance policy? - Correct answer-Personal contract
©COPYRIGHT 2025, ALL RIGHTS RESERVE 2
, what is a contract of adhesion - Correct answer-the insured must accept the entire
contract with all of its terms and conditions
Utmost Good Faith - Correct answer-An obligation to act in complete honesty and
to disclose all relevant facts.
Aleatory Contract - Correct answer-a contract where the values exchanged may not
be equal but depend on an uncertain event
Unilateral Contract - Correct answer-insurance agrees that they must pay in event
of a claim. the insured can stop paying premiums at any point.
only the insurer has promised to perform an action.
Conditional Contract - Correct answer-A type of an agreement in which both
parties must perform certain duties and follow rules of conduct to make the
contract enforceable.
Acronym for the four sections of an Insurance policy - Correct answer-DICE
D - declarations page
I - Insuring Agreement
C- Conditions
E - Exclusions
©COPYRIGHT 2025, ALL RIGHTS RESERVE 3
