INSURANCE ADJUSTER EXAMS
Insurance Adjuster Exam AHA PALS EXAM
NEWEST 2025 ACTUAL EXAM TEST BANK
Which kind of losses are covered under a standard fire policy? - Answer- Direct
All fires are not covered by the Standard Fire policies, only those that: - Answer- are
hostile and have a flame or glow
At what time does a fire policy go into affect? - Answer- 12:01am standard time at the
location of the insured's property
A property is insured under two Standard Fire policies for $25,000 each. A fire causes
$10,000 worth of damage. What is the maximum amount the insured may collect under
each policy? - Answer- $5,000
A fire burning in the middle of the living room would be considered: - Answer- a hostile
fire
An insured's house is damaged by fire caused by a neighbor's negligence. The insurance
company will attempt to recover damage from the neighbor. This is called: - Answer-
subrogation
Which of the following statements are true concerning requirements of the standard fire
policy? - Answer- The insured must separate damaged from undamaged property in the
event there is a loss AND If a loss occurs, the insured normally has 60 days to file a proof of
loss with the insurer
Which types of property are excluded from coverage under the basic fire policy? - Answer-
accounts, currency, deeds, and securities
Who is insured under the Standard Fire policy? - Answer- the named insured and his legal
representatives
1|Page
, INSURANCE ADJUSTER EXAMS
An agreement which affords temporary insurance protection until the policy is issued is
called: - Answer- a binder
as a general rule, a complete fire insurance policy would be made up of: - Answer- the
Standard Fire policy with one or more forms attached
The one condition listed below which will not void a fire policy:
a) false swearing
b) misrepresentation
c) over-insurance
d) concealment
- Answer- over-insurance
replacement cost minus depreciation: - Answer- Actual Cash Value (ACV)
The Standard Fire policy with an extended coverage endorsement attached covers which of
the following: - Answer- riot
A loss due to order of Civil Authority: - Answer- is excluded unless the loss occurs
because of an order by Civil Authorities for the purpose of controlling a fire
The term "unoccupancy" refers to the absence of : - Answer- persons from a building
Suppose a fire occurs on February 26th. On April 30th, the insurance company notifies the
mortgagee the insured has not filed a proof of loss. To protect their interest, the mortgagee
must file a proof of loss within _________ days after what date? - Answer- 60 days after
April 30th
For recovery under the Standard Fire policy, a party must: - Answer- be named in the
policy and show an insurable interest in the property at the time the loss occurs
2|Page
, INSURANCE ADJUSTER EXAMS
What is the requirement on how much experience one must have to be elected the
insurance commissioner in Georgia? - Answer- None
Once elected, how long is the insurance commissioner's term? - Answer- 4 years
Is there a limit on the number of terms an insurance commissioner can serve? - Answer-
No
Who is Georgia's current insurance commissioner? - Answer- Ralph Hudgens
What two capacities does Georgia's insurance commissioner serve? - Answer- 1. Chief
Officer of Insurance Dept.
2. Chief Fire Marshall
What happens if the Insurance Commissioner has to resign early? - Answer- No election;
the Chief Deputy will take over
What is the requirement to serve as Chief Deputy in Georgia? - Answer- must have a bond
in the amount of $15,000
If you are a domestic insurer in Georgia, how often does code say your financials must be
examined? - Answer- once every 5 years
Only one court in Georgia has the right to overturn the decision of the Insurance
Commissioner. Which is it? - Answer- Superior Court of Fulton County
What certificate is required for a company to be an authorized insurer in Georgia? -
Answer- Certificate of Authority
Surplus Lines Risk - Answer- has been rejected by 3 authorized insurers
3|Page
Insurance Adjuster Exam AHA PALS EXAM
NEWEST 2025 ACTUAL EXAM TEST BANK
Which kind of losses are covered under a standard fire policy? - Answer- Direct
All fires are not covered by the Standard Fire policies, only those that: - Answer- are
hostile and have a flame or glow
At what time does a fire policy go into affect? - Answer- 12:01am standard time at the
location of the insured's property
A property is insured under two Standard Fire policies for $25,000 each. A fire causes
$10,000 worth of damage. What is the maximum amount the insured may collect under
each policy? - Answer- $5,000
A fire burning in the middle of the living room would be considered: - Answer- a hostile
fire
An insured's house is damaged by fire caused by a neighbor's negligence. The insurance
company will attempt to recover damage from the neighbor. This is called: - Answer-
subrogation
Which of the following statements are true concerning requirements of the standard fire
policy? - Answer- The insured must separate damaged from undamaged property in the
event there is a loss AND If a loss occurs, the insured normally has 60 days to file a proof of
loss with the insurer
Which types of property are excluded from coverage under the basic fire policy? - Answer-
accounts, currency, deeds, and securities
Who is insured under the Standard Fire policy? - Answer- the named insured and his legal
representatives
1|Page
, INSURANCE ADJUSTER EXAMS
An agreement which affords temporary insurance protection until the policy is issued is
called: - Answer- a binder
as a general rule, a complete fire insurance policy would be made up of: - Answer- the
Standard Fire policy with one or more forms attached
The one condition listed below which will not void a fire policy:
a) false swearing
b) misrepresentation
c) over-insurance
d) concealment
- Answer- over-insurance
replacement cost minus depreciation: - Answer- Actual Cash Value (ACV)
The Standard Fire policy with an extended coverage endorsement attached covers which of
the following: - Answer- riot
A loss due to order of Civil Authority: - Answer- is excluded unless the loss occurs
because of an order by Civil Authorities for the purpose of controlling a fire
The term "unoccupancy" refers to the absence of : - Answer- persons from a building
Suppose a fire occurs on February 26th. On April 30th, the insurance company notifies the
mortgagee the insured has not filed a proof of loss. To protect their interest, the mortgagee
must file a proof of loss within _________ days after what date? - Answer- 60 days after
April 30th
For recovery under the Standard Fire policy, a party must: - Answer- be named in the
policy and show an insurable interest in the property at the time the loss occurs
2|Page
, INSURANCE ADJUSTER EXAMS
What is the requirement on how much experience one must have to be elected the
insurance commissioner in Georgia? - Answer- None
Once elected, how long is the insurance commissioner's term? - Answer- 4 years
Is there a limit on the number of terms an insurance commissioner can serve? - Answer-
No
Who is Georgia's current insurance commissioner? - Answer- Ralph Hudgens
What two capacities does Georgia's insurance commissioner serve? - Answer- 1. Chief
Officer of Insurance Dept.
2. Chief Fire Marshall
What happens if the Insurance Commissioner has to resign early? - Answer- No election;
the Chief Deputy will take over
What is the requirement to serve as Chief Deputy in Georgia? - Answer- must have a bond
in the amount of $15,000
If you are a domestic insurer in Georgia, how often does code say your financials must be
examined? - Answer- once every 5 years
Only one court in Georgia has the right to overturn the decision of the Insurance
Commissioner. Which is it? - Answer- Superior Court of Fulton County
What certificate is required for a company to be an authorized insurer in Georgia? -
Answer- Certificate of Authority
Surplus Lines Risk - Answer- has been rejected by 3 authorized insurers
3|Page
