Insurance Adjuster Exam LATEST Test and
Exam question and answers latest update
2026 RATED A+
Which kind of losses are covered under a standard fire policy? - CORRECT ANSWERS Direct
All fires are not covered by the Standard Fire policies, only those that: - CORRECT ANSWERS
are hostile and have a flame or glow
At what time does a fire policy go into affect? - CORRECT ANSWERS 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? - CORRECT
ANSWERS $5,000
A fire burning in the middle of the living room would be considered: - CORRECT ANSWERS 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: - CORRECT ANSWERS
subrogation
Which of the following statements are true concerning requirements of the standard fire policy? -
CORRECT ANSWERS 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? - CORRECT ANSWERS
accounts, currency, deeds, and securities
Who is insured under the Standard Fire policy? - CORRECT ANSWERS the named insured and
his legal representatives
An agreement which affords temporary insurance protection until the policy is issued is called: -
CORRECT ANSWERS a binder
as a general rule, a complete fire insurance policy would be made up of: - CORRECT ANSWERS
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 - CORRECT ANSWERS over-insurance
replacement cost minus depreciation: - CORRECT ANSWERS Actual Cash Value (ACV)
The Standard Fire policy with an extended coverage endorsement attached covers which of the
following: - CORRECT ANSWERS riot
A loss due to order of Civil Authority: - CORRECT ANSWERS 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 : - CORRECT ANSWERS 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? - CORRECT ANSWERS 60 days after April 30th
For recovery under the Standard Fire policy, a party must: - CORRECT ANSWERS be named in
the policy and show an insurable interest in the property at the time the loss occurs
What is the requirement on how much experience one must have to be elected the insurance
commissioner in Georgia? - CORRECT ANSWERS None
Once elected, how long is the insurance commissioner's term? - CORRECT ANSWERS 4 years
Is there a limit on the number of terms an insurance commissioner can serve? - CORRECT ANSWERS
No
Who is Georgia's current insurance commissioner? - CORRECT ANSWERS Ralph Hudgens
What two capacities does Georgia's insurance commissioner serve? - CORRECT ANSWERS 1.
Chief Officer of Insurance Dept.
2. Chief Fire Marshall
What happens if the Insurance Commissioner has to resign early? - CORRECT ANSWERS No
election; the Chief Deputy will take over
What is the requirement to serve as Chief Deputy in Georgia? - CORRECT ANSWERS must
have a bond in the amount of $15,000
Exam question and answers latest update
2026 RATED A+
Which kind of losses are covered under a standard fire policy? - CORRECT ANSWERS Direct
All fires are not covered by the Standard Fire policies, only those that: - CORRECT ANSWERS
are hostile and have a flame or glow
At what time does a fire policy go into affect? - CORRECT ANSWERS 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? - CORRECT
ANSWERS $5,000
A fire burning in the middle of the living room would be considered: - CORRECT ANSWERS 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: - CORRECT ANSWERS
subrogation
Which of the following statements are true concerning requirements of the standard fire policy? -
CORRECT ANSWERS 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? - CORRECT ANSWERS
accounts, currency, deeds, and securities
Who is insured under the Standard Fire policy? - CORRECT ANSWERS the named insured and
his legal representatives
An agreement which affords temporary insurance protection until the policy is issued is called: -
CORRECT ANSWERS a binder
as a general rule, a complete fire insurance policy would be made up of: - CORRECT ANSWERS
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 - CORRECT ANSWERS over-insurance
replacement cost minus depreciation: - CORRECT ANSWERS Actual Cash Value (ACV)
The Standard Fire policy with an extended coverage endorsement attached covers which of the
following: - CORRECT ANSWERS riot
A loss due to order of Civil Authority: - CORRECT ANSWERS 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 : - CORRECT ANSWERS 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? - CORRECT ANSWERS 60 days after April 30th
For recovery under the Standard Fire policy, a party must: - CORRECT ANSWERS be named in
the policy and show an insurable interest in the property at the time the loss occurs
What is the requirement on how much experience one must have to be elected the insurance
commissioner in Georgia? - CORRECT ANSWERS None
Once elected, how long is the insurance commissioner's term? - CORRECT ANSWERS 4 years
Is there a limit on the number of terms an insurance commissioner can serve? - CORRECT ANSWERS
No
Who is Georgia's current insurance commissioner? - CORRECT ANSWERS Ralph Hudgens
What two capacities does Georgia's insurance commissioner serve? - CORRECT ANSWERS 1.
Chief Officer of Insurance Dept.
2. Chief Fire Marshall
What happens if the Insurance Commissioner has to resign early? - CORRECT ANSWERS No
election; the Chief Deputy will take over
What is the requirement to serve as Chief Deputy in Georgia? - CORRECT ANSWERS must
have a bond in the amount of $15,000
