Indiana Adjuster’s License
Practice Exam 2026/2027 |
Adjuster Pro Verified
Questions & Detailed Solutions
On January 27, 2008, Ryan was using an exercise bike purchased from
NusquamCycle when the chain broke, causing him to fall and severely bruise his
knee. It seemed to heal just fine, but three years later, on January 25, 2011, Ryan's
knee gave out while jogging. His doctor told him that he'll need surgery and that
this deterioration resulted from the earlier accident with the exercise bike. Which
of the following CGL policies may cover Ryan's claim filed January 25, 2011?
A. An occurrence policy from Jan 31 2011-Jan 31 2013
B. An occurrence policy from Feb 28 2008-Feb 28 2010
C. A claims-made policy from Jan 31 2008-Jan 31 2010
D. A claims-made policy from Jan 31 2009-Jan 31 2011 - ANSWER-D
Which of the following statements about Indiana's approach to Workers' Comp
insurance is true?
A. WC is compulsory, and Indiana has no state WC fund.
B. WC is elective, and Indiana has no state WC fund.
C. WC is elective, and Indiana has a competitive state WC fund.
,D. WC is compulsory, and Indiana has a monopolistic state WC fund. - ANSWER-A
Who is NOT eligible for a homeowners policy?
A. An owner of a home under construction
B. A person who owns and lives in his house
C. A tenant who rents a home or apartment
D. An owner of a house in which he does not live, but rents to a tenant - ANSWER-
D
Frank owns a bakery specializing in authentic French bread. He uses two specialty
ovens for his daily production of French bread. If one of these giant ovens were to
break down, it would cost Frank's bakery a lot of money to repair, not to mention
the loss of revenue caused by lower production. On his Equipment Breakdown
Protection Form, each of Frank's ovens would be considered:
A. a "peril."
B. an "object."
C. a "machine."
D. a "liability." - ANSWER-B
A dwelling policy would NOT be appropriate for:
A. a duplex owned by an individual.
B. a single-family home wholly rented out.
C. a four-plex owned by a corporation.
D. a motorhome owned by an individual. - ANSWER-D
, *Jane has a $150,000 homeowners policy with a 3% percentage deductible. One
night, an oven fire destroys her kitchen, causing $50,000 in damage. How much of
the damage falls under Jane's responsibility?
A. $4,500
B. $15,000
C. $3,600
D. $1,500 - ANSWER-A
All of the following pieces of information can be found in the Conditions section of
an insurance policy, EXCEPT:
A. anything the insured must do for coverage to remain in effect.
B. what the insured must do in the event of a lawsuit.
C. the insured's duties after a loss.
D. causes of loss that are not covered. - ANSWER-D
A few weeks ago Christopher's garage was destroyed by an out-of-control
motorist. Fortunately, the motorist had sufficient liability insurance to cover the
damages. However, the insurer insists that Christopher's garage is worth far less
than the appraisals he has received from contractors. Christopher and the insurer
have gone back and forth in negotiations for weeks, making little headway.
Christopher decides it's time to:
A. issue an ANSWER for the policyholder.
B. issue a judgment.
C. issue a complaint against the policyholder.
D. issue a reservation of rights. - ANSWER-C
Practice Exam 2026/2027 |
Adjuster Pro Verified
Questions & Detailed Solutions
On January 27, 2008, Ryan was using an exercise bike purchased from
NusquamCycle when the chain broke, causing him to fall and severely bruise his
knee. It seemed to heal just fine, but three years later, on January 25, 2011, Ryan's
knee gave out while jogging. His doctor told him that he'll need surgery and that
this deterioration resulted from the earlier accident with the exercise bike. Which
of the following CGL policies may cover Ryan's claim filed January 25, 2011?
A. An occurrence policy from Jan 31 2011-Jan 31 2013
B. An occurrence policy from Feb 28 2008-Feb 28 2010
C. A claims-made policy from Jan 31 2008-Jan 31 2010
D. A claims-made policy from Jan 31 2009-Jan 31 2011 - ANSWER-D
Which of the following statements about Indiana's approach to Workers' Comp
insurance is true?
A. WC is compulsory, and Indiana has no state WC fund.
B. WC is elective, and Indiana has no state WC fund.
C. WC is elective, and Indiana has a competitive state WC fund.
,D. WC is compulsory, and Indiana has a monopolistic state WC fund. - ANSWER-A
Who is NOT eligible for a homeowners policy?
A. An owner of a home under construction
B. A person who owns and lives in his house
C. A tenant who rents a home or apartment
D. An owner of a house in which he does not live, but rents to a tenant - ANSWER-
D
Frank owns a bakery specializing in authentic French bread. He uses two specialty
ovens for his daily production of French bread. If one of these giant ovens were to
break down, it would cost Frank's bakery a lot of money to repair, not to mention
the loss of revenue caused by lower production. On his Equipment Breakdown
Protection Form, each of Frank's ovens would be considered:
A. a "peril."
B. an "object."
C. a "machine."
D. a "liability." - ANSWER-B
A dwelling policy would NOT be appropriate for:
A. a duplex owned by an individual.
B. a single-family home wholly rented out.
C. a four-plex owned by a corporation.
D. a motorhome owned by an individual. - ANSWER-D
, *Jane has a $150,000 homeowners policy with a 3% percentage deductible. One
night, an oven fire destroys her kitchen, causing $50,000 in damage. How much of
the damage falls under Jane's responsibility?
A. $4,500
B. $15,000
C. $3,600
D. $1,500 - ANSWER-A
All of the following pieces of information can be found in the Conditions section of
an insurance policy, EXCEPT:
A. anything the insured must do for coverage to remain in effect.
B. what the insured must do in the event of a lawsuit.
C. the insured's duties after a loss.
D. causes of loss that are not covered. - ANSWER-D
A few weeks ago Christopher's garage was destroyed by an out-of-control
motorist. Fortunately, the motorist had sufficient liability insurance to cover the
damages. However, the insurer insists that Christopher's garage is worth far less
than the appraisals he has received from contractors. Christopher and the insurer
have gone back and forth in negotiations for weeks, making little headway.
Christopher decides it's time to:
A. issue an ANSWER for the policyholder.
B. issue a judgment.
C. issue a complaint against the policyholder.
D. issue a reservation of rights. - ANSWER-C
