ILLINOIS PUBLIC ADJUSTER EXAM PRACTICE QUESTIONS ACTUAL EXAM WITH
COMPLETE QUESTIONS AND CORRECT VERIFIED ANSWERS
|100%GUARANTEED PASS!!!
1. Which of the following does the Director not have the power or duty to do?
(A. Enact laws regarding insurance practices
(B. Enforce insurance laws that are in the Illinois legal code
(C. Adopt rules and regulations to enforce the insurance laws
(D. Examine every Illinois insurance licensee - CORRECT ANSWER-A. Enact laws regarding
insurance practices
2. Who of the following represents the insured in a claim?
(A. An independent adjuster
(B. A company adjuster
(C. A public adjuster
(D. A bailee - CORRECT ANSWER-(C. A public adjuster
3. Which of the following would not be negotiated by a public adjuster?
(A. The amount of damage
(B. The cause of the loss
(C. The amount of depreciation
(D. The extent of the damage - CORRECT ANSWER-(B. The cause of the loss
4. Which of the following is not required to become a public adjuster? (A. Successful passing of
a state-sponsored exam
(B. A copy of the public adjuster's proposed contract for insureds
(C. A map of the public adjusters marketing territories
,(D. A surety bond with a face amount of $20,000 - CORRECT ANSWER-(C. A map of the public
adjusters marketing territories
5. If the insured's full amount of appraised loss is upheld under the appraisal clause of a fire and
extended policy in Illinois, who pays the fees of the appraisers and the umpire?
(A. Each side pays for its own appraiser, and the fees of the umpire si divided equally
(B. Each side pays for its own appraiser, and the insurer pays the full cost of the umpire
(C. The insured pays the fees of the appraisers and the umpire
(D. The insurer pays the fees of the appraisers and the umpire - CORRECT ANSWER-(D. The
insurer pays the fees of the appraisers and the umpire
6. An insurer must notify the public adjuster if a homeowner's claim remains undecided for how
many d a s ?
(A. 10 days after the date of loss
(B. 10 days after receiving proof of loss
(C. 25 days after the date of loss
(D. 25 days after receiving proof of loss - CORRECT ANSWER-(D. 25 days after receiving proof of
loss
7. In Illinois, which of the following is not an allowable reason for cancellation by the insurer of
a fire and extended coverage policy?
(A. Nonpayment of premium
(B. Two or more claims filed with a total loss amount over $10,000
(C. The policy was obtained by fraud
(D. For any act which measurably increases the risk originally accepted - CORRECT ANSWER-(B.
Two or more claims filed with a total loss amount over $10,000
, 8. If there is a covered fire or explosion loss that exceeds $25,000 to a structure located in
Illinois, what must the insurer obtain before paying the claim?
(A. A sworn statement of the insured that repairs will be completed with reasonable speed
(B. A copy of the licenses of all contractors that enter the premises for repair work
(C. A certificate that evidences no delinguent property taxes or unpaid demolition expenses
(D. Written appraisals from two or more licensed contractors to do repai - CORRECT ANSWER-(C.
A certificate that evidences no delinguent property taxes or unpaid demolition expenses
9. For what period is insured's deadline to bring suit against the insurer tolled?
(A. From the date proof of loss is filed to the date a claim is denied
(B. From the date of loss to the date proof of loss is filed
(C. For a period of 30 days after a claim is denied
(D. For a period of 60 days after a claim is denied - CORRECT ANSWER-(A. From the date proof
of loss is filed to the date a claim is denied
10. Which of the following must an insurer do fi the period within which an insured may sue is
tolled under a fire and extended coverage policy?
(A. The insurer must file an action in court to compel the insured to sue
(B. Extend the policy for 30 more davs
(C. Tell the insured how many days remain before the time to sue expires
(D. Notify the insured of the appraisal clause - CORRECT ANSWER-(C. Tell the insured how many
days remain before the time to sue expires
11. The Illinois Guaranty Fund provides a mechanism for the payment of claims of all the
following EXCEPT:
(A.An alien insurance company
(B.A domestic insurance company
(C.A reciprocal insurance company
COMPLETE QUESTIONS AND CORRECT VERIFIED ANSWERS
|100%GUARANTEED PASS!!!
1. Which of the following does the Director not have the power or duty to do?
(A. Enact laws regarding insurance practices
(B. Enforce insurance laws that are in the Illinois legal code
(C. Adopt rules and regulations to enforce the insurance laws
(D. Examine every Illinois insurance licensee - CORRECT ANSWER-A. Enact laws regarding
insurance practices
2. Who of the following represents the insured in a claim?
(A. An independent adjuster
(B. A company adjuster
(C. A public adjuster
(D. A bailee - CORRECT ANSWER-(C. A public adjuster
3. Which of the following would not be negotiated by a public adjuster?
(A. The amount of damage
(B. The cause of the loss
(C. The amount of depreciation
(D. The extent of the damage - CORRECT ANSWER-(B. The cause of the loss
4. Which of the following is not required to become a public adjuster? (A. Successful passing of
a state-sponsored exam
(B. A copy of the public adjuster's proposed contract for insureds
(C. A map of the public adjusters marketing territories
,(D. A surety bond with a face amount of $20,000 - CORRECT ANSWER-(C. A map of the public
adjusters marketing territories
5. If the insured's full amount of appraised loss is upheld under the appraisal clause of a fire and
extended policy in Illinois, who pays the fees of the appraisers and the umpire?
(A. Each side pays for its own appraiser, and the fees of the umpire si divided equally
(B. Each side pays for its own appraiser, and the insurer pays the full cost of the umpire
(C. The insured pays the fees of the appraisers and the umpire
(D. The insurer pays the fees of the appraisers and the umpire - CORRECT ANSWER-(D. The
insurer pays the fees of the appraisers and the umpire
6. An insurer must notify the public adjuster if a homeowner's claim remains undecided for how
many d a s ?
(A. 10 days after the date of loss
(B. 10 days after receiving proof of loss
(C. 25 days after the date of loss
(D. 25 days after receiving proof of loss - CORRECT ANSWER-(D. 25 days after receiving proof of
loss
7. In Illinois, which of the following is not an allowable reason for cancellation by the insurer of
a fire and extended coverage policy?
(A. Nonpayment of premium
(B. Two or more claims filed with a total loss amount over $10,000
(C. The policy was obtained by fraud
(D. For any act which measurably increases the risk originally accepted - CORRECT ANSWER-(B.
Two or more claims filed with a total loss amount over $10,000
, 8. If there is a covered fire or explosion loss that exceeds $25,000 to a structure located in
Illinois, what must the insurer obtain before paying the claim?
(A. A sworn statement of the insured that repairs will be completed with reasonable speed
(B. A copy of the licenses of all contractors that enter the premises for repair work
(C. A certificate that evidences no delinguent property taxes or unpaid demolition expenses
(D. Written appraisals from two or more licensed contractors to do repai - CORRECT ANSWER-(C.
A certificate that evidences no delinguent property taxes or unpaid demolition expenses
9. For what period is insured's deadline to bring suit against the insurer tolled?
(A. From the date proof of loss is filed to the date a claim is denied
(B. From the date of loss to the date proof of loss is filed
(C. For a period of 30 days after a claim is denied
(D. For a period of 60 days after a claim is denied - CORRECT ANSWER-(A. From the date proof
of loss is filed to the date a claim is denied
10. Which of the following must an insurer do fi the period within which an insured may sue is
tolled under a fire and extended coverage policy?
(A. The insurer must file an action in court to compel the insured to sue
(B. Extend the policy for 30 more davs
(C. Tell the insured how many days remain before the time to sue expires
(D. Notify the insured of the appraisal clause - CORRECT ANSWER-(C. Tell the insured how many
days remain before the time to sue expires
11. The Illinois Guaranty Fund provides a mechanism for the payment of claims of all the
following EXCEPT:
(A.An alien insurance company
(B.A domestic insurance company
(C.A reciprocal insurance company
