STATE FARM AUTO ADJUSTER
CERTIFICATION UPDATED ACTUAL
QUESTIONS AND ANSWERS WITH A+
SOLUTION GUIDE
⩥ 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
⩥ 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
⩥ 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?
CERTIFICATION UPDATED ACTUAL
QUESTIONS AND ANSWERS WITH A+
SOLUTION GUIDE
⩥ 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
⩥ 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
⩥ 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?
