ACA Accredited Claims
Adjuster – SF 2026 Exam
Questions and Correct
Answers | New Update
All of the following describe insurable interest EXCEPT: - ANSWER
✔✔Show a similarity between insurance and wagering.
An Insurance Policy is a contract with all of the following characteristics,
EXCEPT - ANSWER ✔✔Indemnity is not part of an insurance
contract.
,An insurance contract may contain a "gray area" or an ambiguity, that is
generally resolved in favor of the insured because insurance policies are
contracts of: - ANSWER ✔✔Adhesion
If an insured sells his car to another person, the buyer may be prohibited
from also receiving the insured's policy. This is because the insurance
contract is a contract of: - ANSWER ✔✔Personal nature
Strict or absolute liability: - ANSWER ✔✔is assigned by law or
statute.
Jack and Connie - both 50 years old and of sound mind - agree to have
Jack burn down Connie's house for $10,000. What element of a valid
contract is missing? - ANSWER ✔✔Legal purpose
Risks that are insurable are: - ANSWER ✔✔Pure risk
Insurance that covers the responsibility for loss arising out of policy
holder's negligence - that results in payment to a party other than the
insured is: - ANSWER ✔✔Liability
The goal of insurance is to restore the insured to the same economic
position as before the covered loss occurred, this is the principle of: -
ANSWER ✔✔Indemnity
, At the end of this course, you must do which of the following? -
ANSWER ✔✔All of the above
Liability limits may be expressed as a: - ANSWER ✔✔All of the above
An insured has A SPLIT limit liability policy with 10/20/10 limits. He owes
the following people liability bodily injuries claims of: Passenger 1 =
$12,000, Passenger 2 = $10,000, Passenger 3 = $18,000. How much
liability insurance will his policy pay for these claims? - ANSWER
✔✔$ 20,000
If a lender has an insurable interest in an auto, because of the money
loaned to finance the auto, the lender would appear on the policy as the:
- ANSWER ✔✔Loss payee
To turn partially damaged property over to the insurance company and
ask them to pay for a total loss is called - ANSWER ✔✔Abandonment
Firemen caused water damage to a property by spraying water to put
out a fire. If the property insurance policy listed "fire" as the only named
peril: - ANSWER ✔✔The water damage is covered due to the
concept of proximate cause.
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2026. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
3
Adjuster – SF 2026 Exam
Questions and Correct
Answers | New Update
All of the following describe insurable interest EXCEPT: - ANSWER
✔✔Show a similarity between insurance and wagering.
An Insurance Policy is a contract with all of the following characteristics,
EXCEPT - ANSWER ✔✔Indemnity is not part of an insurance
contract.
,An insurance contract may contain a "gray area" or an ambiguity, that is
generally resolved in favor of the insured because insurance policies are
contracts of: - ANSWER ✔✔Adhesion
If an insured sells his car to another person, the buyer may be prohibited
from also receiving the insured's policy. This is because the insurance
contract is a contract of: - ANSWER ✔✔Personal nature
Strict or absolute liability: - ANSWER ✔✔is assigned by law or
statute.
Jack and Connie - both 50 years old and of sound mind - agree to have
Jack burn down Connie's house for $10,000. What element of a valid
contract is missing? - ANSWER ✔✔Legal purpose
Risks that are insurable are: - ANSWER ✔✔Pure risk
Insurance that covers the responsibility for loss arising out of policy
holder's negligence - that results in payment to a party other than the
insured is: - ANSWER ✔✔Liability
The goal of insurance is to restore the insured to the same economic
position as before the covered loss occurred, this is the principle of: -
ANSWER ✔✔Indemnity
, At the end of this course, you must do which of the following? -
ANSWER ✔✔All of the above
Liability limits may be expressed as a: - ANSWER ✔✔All of the above
An insured has A SPLIT limit liability policy with 10/20/10 limits. He owes
the following people liability bodily injuries claims of: Passenger 1 =
$12,000, Passenger 2 = $10,000, Passenger 3 = $18,000. How much
liability insurance will his policy pay for these claims? - ANSWER
✔✔$ 20,000
If a lender has an insurable interest in an auto, because of the money
loaned to finance the auto, the lender would appear on the policy as the:
- ANSWER ✔✔Loss payee
To turn partially damaged property over to the insurance company and
ask them to pay for a total loss is called - ANSWER ✔✔Abandonment
Firemen caused water damage to a property by spraying water to put
out a fire. If the property insurance policy listed "fire" as the only named
peril: - ANSWER ✔✔The water damage is covered due to the
concept of proximate cause.
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2026. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
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