MAINE PROPERTY &CASUALTY ADJUSTER EXAM PREP
QUESTIONS AND ANSWERS 2024 Comprehensive questions
and verified answers/accurate solutions|Get it 100% correct!!
Already graded A+
What is the interest rate for claims not paid and over 30 days? -
✔✔ANSWER✔✔>>1 ½ % per month
A CEO is piloting a rented aircraft and injures someone. What kind of coverage
is this
covered under? - ✔✔ANSWER✔✔>>Non-owned aircraft coverage
How are wages computed for workers compensation? - ✔✔ANSWER✔✔>>2/3 of
average after take weekly wages
A company sells costume jewelry ranging in price from $1.00 to $5.00 and has
had $10,000.00 in jewelry stolen. Assuming there is no deductible and the
coinsurance clause has been met, what would they be covered for? -
✔✔ANSWER✔✔>>$10,000
A vendor ships goods to the buyer to Syracuse, NY, who should carry the
insurance? - ✔✔ANSWER✔✔>>Common Carrier coverage applies
A personal vehicle is transferred on a boat from Portland, ME to Nova Scotia, the
boat collides with another boat and sinks? If the insured has a personal auto
policy, what would this be covered under? - ✔✔ANSWER✔✔>>Other than
Collision coverage
Under Workers Compensation Law, immediate interest does not need to be paid
on what? - ✔✔ANSWER✔✔>>Provisional Order
What is the regular waiting period for workers compensation in Maine (not the
firefighter waiting period)? - ✔✔ANSWER✔✔>>7 days
, What is not considered a fringe benefit in workers compensation? -
✔✔ANSWER✔✔>>Uniforms
Who does garage keeper's liability cover? - ✔✔ANSWER✔✔>>auto repair shops,
service stations, valets, parking lots, garages
What is considered a "family member" under insurance? -
✔✔ANSWER✔✔>>blood relatives, by marriage, by adoption including wards and
foster children
Who is considered an "employee" under workers compensation law? -
✔✔ANSWER✔✔>>see Maine workers comp laws/rules on State of Maine website
Who is considered a "seasonal" worker? - ✔✔ANSWER✔✔>>Logger
A Standard Fire Policy with no endorsement covers what? -
✔✔ANSWER✔✔>>Smoke
How is debris removal covered under a DP-1 policy? -
✔✔ANSWER✔✔>>Included in the limit of liability
If a person test drives a vehicle with no intent of purchasing and drives it to
Canada, what coverage would the dealer need to cover this loss? -
✔✔ANSWER✔✔>>Drive Other Car Coverage
What kind of vehicle is NOT covered a homeowners (HO) policy? -
✔✔ANSWER✔✔>>A non-registered vehicle used by the insured off of the
insured's premises
Is vacant land the insured owns or rents covered under an HO policy? -
✔✔ANSWER✔✔>>Yes
If an insured and insurer do not agree on the amount of the loss, what is the next
step? - ✔✔ANSWER✔✔>>Insured and insurer each select their own appraisers
Who choose an umpire on a claim? And if an umpire cannot be agreed upon who
chooses? - ✔✔ANSWER✔✔>>Appraiser; Mediator
What does Directors and Officers Liability coverage do? - ✔✔ANSWER✔✔>>It
covers an individual director/officer of a corporation for wrongful acts with in
official
duty.
QUESTIONS AND ANSWERS 2024 Comprehensive questions
and verified answers/accurate solutions|Get it 100% correct!!
Already graded A+
What is the interest rate for claims not paid and over 30 days? -
✔✔ANSWER✔✔>>1 ½ % per month
A CEO is piloting a rented aircraft and injures someone. What kind of coverage
is this
covered under? - ✔✔ANSWER✔✔>>Non-owned aircraft coverage
How are wages computed for workers compensation? - ✔✔ANSWER✔✔>>2/3 of
average after take weekly wages
A company sells costume jewelry ranging in price from $1.00 to $5.00 and has
had $10,000.00 in jewelry stolen. Assuming there is no deductible and the
coinsurance clause has been met, what would they be covered for? -
✔✔ANSWER✔✔>>$10,000
A vendor ships goods to the buyer to Syracuse, NY, who should carry the
insurance? - ✔✔ANSWER✔✔>>Common Carrier coverage applies
A personal vehicle is transferred on a boat from Portland, ME to Nova Scotia, the
boat collides with another boat and sinks? If the insured has a personal auto
policy, what would this be covered under? - ✔✔ANSWER✔✔>>Other than
Collision coverage
Under Workers Compensation Law, immediate interest does not need to be paid
on what? - ✔✔ANSWER✔✔>>Provisional Order
What is the regular waiting period for workers compensation in Maine (not the
firefighter waiting period)? - ✔✔ANSWER✔✔>>7 days
, What is not considered a fringe benefit in workers compensation? -
✔✔ANSWER✔✔>>Uniforms
Who does garage keeper's liability cover? - ✔✔ANSWER✔✔>>auto repair shops,
service stations, valets, parking lots, garages
What is considered a "family member" under insurance? -
✔✔ANSWER✔✔>>blood relatives, by marriage, by adoption including wards and
foster children
Who is considered an "employee" under workers compensation law? -
✔✔ANSWER✔✔>>see Maine workers comp laws/rules on State of Maine website
Who is considered a "seasonal" worker? - ✔✔ANSWER✔✔>>Logger
A Standard Fire Policy with no endorsement covers what? -
✔✔ANSWER✔✔>>Smoke
How is debris removal covered under a DP-1 policy? -
✔✔ANSWER✔✔>>Included in the limit of liability
If a person test drives a vehicle with no intent of purchasing and drives it to
Canada, what coverage would the dealer need to cover this loss? -
✔✔ANSWER✔✔>>Drive Other Car Coverage
What kind of vehicle is NOT covered a homeowners (HO) policy? -
✔✔ANSWER✔✔>>A non-registered vehicle used by the insured off of the
insured's premises
Is vacant land the insured owns or rents covered under an HO policy? -
✔✔ANSWER✔✔>>Yes
If an insured and insurer do not agree on the amount of the loss, what is the next
step? - ✔✔ANSWER✔✔>>Insured and insurer each select their own appraisers
Who choose an umpire on a claim? And if an umpire cannot be agreed upon who
chooses? - ✔✔ANSWER✔✔>>Appraiser; Mediator
What does Directors and Officers Liability coverage do? - ✔✔ANSWER✔✔>>It
covers an individual director/officer of a corporation for wrongful acts with in
official
duty.
