Public Adjuster Exam with questions
and 100% correct answers actual
exam!!!2026
Public Adjuster - ANSWER -Person, partnership, that represents the public as an
adjuster of claims
Days to rescind a contract - ANSWER -3 calendar days
Public Adjuster minimum standards - 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
execution date and signatures
right to cancel
How can an adjuster collect his fee? - ANSWER -a percentage of each check, not the
lump sum
,Are late fees or collection costs prohibited? - ANSWER -Yes
Refund payments, return instruments, and take necessary actions under contract -
ANSWER -15 working days
Notify an insurer of contract execution, communicate in writing, reply to written
communication from an insurer - ANSWER -2 business days
Acknowledge receipt of a claim - ANSWER -10 working days
Provide claim forms and reasonable assistance - ANSWER -10 working days
Respond to an insurance department inquiry - ANSWER -15 working days
Complete investigation - ANSWER -30 working days
accept or deny a claim after proof of loss is executed - ANSWER -15 working days
Elements of a contract - ANSWER -Agreement, Consideration, Competent Parties, Legal
purpose
Contract of Adhesion - ANSWER -No opportunity to change, must be adhered to
Aleatory Contracts - ANSWER -Based upon the occurrence of a future event of unequal
bargaining value
Personal Contract - ANSWER -Highest degree of good faith
Unilateral contract - ANSWER -Act exchanged for a promise
Conditional Contract - ANSWER -contingent upon certain acts by the insured
, Ambiguities - ANSWER -not being clear, goes against the insurance company
Indemnity - ANSWER -Principle of restoring the extent of the loss
Subrogation - ANSWER -going after the third party's negligence
Material misrepresentation - ANSWER -can reject coverage
Warranties - ANSWER -Affirmative, Promissory, Implied
Insurable interest - ANSWER -Interest in property that may cause one the probability of
financial loss
Hazards - ANSWER -Physical, Moral, and Morale
PIGA Act - ANSWER -300,000 per claim and 10k per policy
Death of insured - ANSWER -180 days after death or after the policy ends
Short rate - ANSWER -Insured cancels
Pro Rate - ANSWER -Insurer cancels
Flat rate - ANSWER -neither exchanged
Dwelling Policy(Owner occupied) - ANSWER -Nonpayment and Material Mis 30 days
Dwelling and commercial(Nonowner occupied) - ANSWER -Nonpayment and material
mis 15 days, underwriting 60 days
and 100% correct answers actual
exam!!!2026
Public Adjuster - ANSWER -Person, partnership, that represents the public as an
adjuster of claims
Days to rescind a contract - ANSWER -3 calendar days
Public Adjuster minimum standards - 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
execution date and signatures
right to cancel
How can an adjuster collect his fee? - ANSWER -a percentage of each check, not the
lump sum
,Are late fees or collection costs prohibited? - ANSWER -Yes
Refund payments, return instruments, and take necessary actions under contract -
ANSWER -15 working days
Notify an insurer of contract execution, communicate in writing, reply to written
communication from an insurer - ANSWER -2 business days
Acknowledge receipt of a claim - ANSWER -10 working days
Provide claim forms and reasonable assistance - ANSWER -10 working days
Respond to an insurance department inquiry - ANSWER -15 working days
Complete investigation - ANSWER -30 working days
accept or deny a claim after proof of loss is executed - ANSWER -15 working days
Elements of a contract - ANSWER -Agreement, Consideration, Competent Parties, Legal
purpose
Contract of Adhesion - ANSWER -No opportunity to change, must be adhered to
Aleatory Contracts - ANSWER -Based upon the occurrence of a future event of unequal
bargaining value
Personal Contract - ANSWER -Highest degree of good faith
Unilateral contract - ANSWER -Act exchanged for a promise
Conditional Contract - ANSWER -contingent upon certain acts by the insured
, Ambiguities - ANSWER -not being clear, goes against the insurance company
Indemnity - ANSWER -Principle of restoring the extent of the loss
Subrogation - ANSWER -going after the third party's negligence
Material misrepresentation - ANSWER -can reject coverage
Warranties - ANSWER -Affirmative, Promissory, Implied
Insurable interest - ANSWER -Interest in property that may cause one the probability of
financial loss
Hazards - ANSWER -Physical, Moral, and Morale
PIGA Act - ANSWER -300,000 per claim and 10k per policy
Death of insured - ANSWER -180 days after death or after the policy ends
Short rate - ANSWER -Insured cancels
Pro Rate - ANSWER -Insurer cancels
Flat rate - ANSWER -neither exchanged
Dwelling Policy(Owner occupied) - ANSWER -Nonpayment and Material Mis 30 days
Dwelling and commercial(Nonowner occupied) - ANSWER -Nonpayment and material
mis 15 days, underwriting 60 days
