PUBLIC ADJUSTER STUDY GUIDE FULL
QUESTIONS WITH DETAILED ANSWERS
●● 4 Exceptions to Tort Exemption(Threshold of No-Fault)
Answer: 1. Significant and Permanent loss of bodily function.
2.Permanent injury other than scarring and disfigurement.
3.Significant and Permanent scarring or disfigurement.
4.Death
●● What does NFIP stand for?
Answer: National Flood Insurance Program
●● Form SR-22
Answer: Drivers Convicted of DUI or a traffic felony over the prior 3
years are required to have 100/300/50 coverage or a certificate of self
insurance of $350,000.
●● Contents of a CGL Contract
Answer: 1.Declarations Form
2.Common Policy Conditions Form
3. One of:
A.Occurrence Form
,B.Claims Made Form
4.Nuclear Energy Liability Exclusion Endorsement.
●● Declarations of a CGL Contract(4)
Answer: 1.Named Insured(including address)
2.Policy Period
3.Premium
4.Limits of Coverage
●● 7 Common CGL Conditions
Answer: 1.Cancellation(30 Days by insurer option, 10 Days By no
payment).
2.Changes
3.Examination of Books
4.Inspections and Surveys
5.Premiums
6.Transfer
7.Nuclear Endorsement
●● CGL Coverage A
Answer: Bodily Injury and Property Damage Insuring Agreement
, ●● The 3 Conditions that define work as "completed"
Answer: 1.When all work called for in the contract is completed.
2.When all work to be done at the site has been completed if one
contract calls for work at more than one site.
3.When that part of the work done at a job site has been put to its
intended use by any person or organization other than another contractor
or subcontractor.
●● Occurance
Answer: An accident, including continuous or repeated exposure to
substantially the same general harmful conditions.
●● accident
Answer: Sudden, unexpected event
●● The Difference between "Occurance" and "Claims Made" CGL
Coverages
Answer: The Coverage Trigger:
The Occurance Form applies to BI and PD regardless of any later time
at which the claim is made.
The Claims-Made Form applies only to BI and PD that occurs on or
after the "Retro-Active date"
●● Retro-Active Date
QUESTIONS WITH DETAILED ANSWERS
●● 4 Exceptions to Tort Exemption(Threshold of No-Fault)
Answer: 1. Significant and Permanent loss of bodily function.
2.Permanent injury other than scarring and disfigurement.
3.Significant and Permanent scarring or disfigurement.
4.Death
●● What does NFIP stand for?
Answer: National Flood Insurance Program
●● Form SR-22
Answer: Drivers Convicted of DUI or a traffic felony over the prior 3
years are required to have 100/300/50 coverage or a certificate of self
insurance of $350,000.
●● Contents of a CGL Contract
Answer: 1.Declarations Form
2.Common Policy Conditions Form
3. One of:
A.Occurrence Form
,B.Claims Made Form
4.Nuclear Energy Liability Exclusion Endorsement.
●● Declarations of a CGL Contract(4)
Answer: 1.Named Insured(including address)
2.Policy Period
3.Premium
4.Limits of Coverage
●● 7 Common CGL Conditions
Answer: 1.Cancellation(30 Days by insurer option, 10 Days By no
payment).
2.Changes
3.Examination of Books
4.Inspections and Surveys
5.Premiums
6.Transfer
7.Nuclear Endorsement
●● CGL Coverage A
Answer: Bodily Injury and Property Damage Insuring Agreement
, ●● The 3 Conditions that define work as "completed"
Answer: 1.When all work called for in the contract is completed.
2.When all work to be done at the site has been completed if one
contract calls for work at more than one site.
3.When that part of the work done at a job site has been put to its
intended use by any person or organization other than another contractor
or subcontractor.
●● Occurance
Answer: An accident, including continuous or repeated exposure to
substantially the same general harmful conditions.
●● accident
Answer: Sudden, unexpected event
●● The Difference between "Occurance" and "Claims Made" CGL
Coverages
Answer: The Coverage Trigger:
The Occurance Form applies to BI and PD regardless of any later time
at which the claim is made.
The Claims-Made Form applies only to BI and PD that occurs on or
after the "Retro-Active date"
●● Retro-Active Date
