P age |1
Public Adjuster Exam 2025 – Verified
Questions and 100%Correct Answers |
Complete Study Guide
Public Adjuster - correct-answer-Person, partnership, that represents the public
as an adjuster of claims
Days to rescind a contract - correct-answer-3 calendar days
Public Adjuster minimum standards - correct-answer-Title must read Public
Adjuster contract
Name phone number address and business name of Adjuster
Address of the insured and name
Percentage of the payments received
, P age |2
execution date and signatures
right to cancel
How can an adjuster collect his fee? - correct-answer-a percentage of each check,
not the lump sum
Are late fees or collection costs prohibited? - correct-answer-Yes
Refund payments, return instruments, and take necessary actions under contract
- correct-answer-15 working days
Notify an insurer of contract execution, communicate in writing, reply to written
communication from an insurer - correct-answer-2 business days
Acknowledge receipt of a claim - correct-answer-10 working days
, P age |3
Provide claim forms and reasonable assistance - correct-answer-10 working days
Respond to an insurance department inquiry - correct-answer-15 working days
Complete investigation - correct-answer-30 working days
accept or deny a claim after proof of loss is executed - correct-answer-15 working
days
Elements of a contract - correct-answer-Agreement, Consideration, Competent
Parties, Legal purpose
Contract of Adhesion - correct-answer-No opportunity to change, must be
adhered to
Aleatory Contracts - correct-answer-Based upon the occurrence of a future event
of unequal bargaining value
, P age |4
Personal Contract - correct-answer-Highest degree of good faith
Unilateral contract - correct-answer-Act exchanged for a promise
Conditional Contract - correct-answer-contingent upon certain acts by the insured
Ambiguities - correct-answer-not being clear, goes against the insurance company
Indemnity - correct-answer-Principle of restoring the extent of the loss
Subrogation - correct-answer-going after the third party's negligence
Material misrepresentation - correct-answer-can reject coverage
Public Adjuster Exam 2025 – Verified
Questions and 100%Correct Answers |
Complete Study Guide
Public Adjuster - correct-answer-Person, partnership, that represents the public
as an adjuster of claims
Days to rescind a contract - correct-answer-3 calendar days
Public Adjuster minimum standards - correct-answer-Title must read Public
Adjuster contract
Name phone number address and business name of Adjuster
Address of the insured and name
Percentage of the payments received
, P age |2
execution date and signatures
right to cancel
How can an adjuster collect his fee? - correct-answer-a percentage of each check,
not the lump sum
Are late fees or collection costs prohibited? - correct-answer-Yes
Refund payments, return instruments, and take necessary actions under contract
- correct-answer-15 working days
Notify an insurer of contract execution, communicate in writing, reply to written
communication from an insurer - correct-answer-2 business days
Acknowledge receipt of a claim - correct-answer-10 working days
, P age |3
Provide claim forms and reasonable assistance - correct-answer-10 working days
Respond to an insurance department inquiry - correct-answer-15 working days
Complete investigation - correct-answer-30 working days
accept or deny a claim after proof of loss is executed - correct-answer-15 working
days
Elements of a contract - correct-answer-Agreement, Consideration, Competent
Parties, Legal purpose
Contract of Adhesion - correct-answer-No opportunity to change, must be
adhered to
Aleatory Contracts - correct-answer-Based upon the occurrence of a future event
of unequal bargaining value
, P age |4
Personal Contract - correct-answer-Highest degree of good faith
Unilateral contract - correct-answer-Act exchanged for a promise
Conditional Contract - correct-answer-contingent upon certain acts by the insured
Ambiguities - correct-answer-not being clear, goes against the insurance company
Indemnity - correct-answer-Principle of restoring the extent of the loss
Subrogation - correct-answer-going after the third party's negligence
Material misrepresentation - correct-answer-can reject coverage
