MAINE ADJUSTER PROPERTY AND CASUALTY
EXAM 2 FINAL PAPER 2026 QUESTIONS WITH
FULL ANSWERS
◉ Medical Payment limits under the Personal Auto Policy. Answer:
are written on a per person basis.
◉ The boat owner's policy provides coverage for. Answer: the hull,
equipment, and watercraft liability.
◉ The Superintendent may impose a civil forfeiture of _________ per
willful violation of insurance codes.. Answer: 5000
◉ Insurance information and privacy protection laws state that an
insured is allowed copies of any report containing their personal
private information used in the underwriting process. If that process
results in an adverse underwriting decision how many days does the
agent/carrier have to provide the report once the consumer has
requested, it?. Answer: 21 days
◉ If an agent's appointment is going to be canceled by the insurance
carrier, they must notify the agent within_______ of the cancellation
date.. Answer: 5 days
,◉ If the insured covers the dwelling for at least 80% of the cost to
replace it, he will receive what settlement option for dwelling
damage on the DP-1?. Answer: ACV
◉ The dwelling multipliers are as follows. Answer: Coverage B is
10% of A Coverage D is 20% of A
◉ Minor children can collect survivor benefits for a deceased worker
under workers compensation insurance up to age____ or age _____if a
full-time student.. Answer: 18/23
◉ At the discretion of the Superintendent the maximum time
between examinations of a domestic insurer is ____ years.. Answer:
five
◉ Which is NOT a rebate?. Answer: offering valuable consideration
for the opportunity to quote insurance.
◉ What most closely defines an element of insurable risk?. Answer:
economic hardship
◉ The insurer's right to salvage damaged property. Answer: is an
understood principle of law.
, ◉ Toni's policy states that it will provide a $100,000 liability limit
per. Answer: combined single limit.
◉ If an insured with an HO-6 purchases $50,000 of contents
Coverage C, how much coverage is automatic for Coverage D-- "loss
of use?". Answer: 50% of $50,000, or $25,000
◉ Under the Limited fungi, wet or dry rot or bacteria coverage
endorsement (HO 04 42) the maximum payable for damaged
property is. Answer: 5,000
◉ Base rate classifications on the auto policy are based on. Answer:
age, gender, and marital status
◉ Flood insurance will cover. Answer: debris removal
◉ Robert became a licensed property and casualty agent on August
22, 2018. His birthday is August 4th. When must he have his
continuing education completed?. Answer: 44074 Each agent has
two full years to complete the required hours of continuing
education hours. The license renews on the last day of the birth
month every two years.
EXAM 2 FINAL PAPER 2026 QUESTIONS WITH
FULL ANSWERS
◉ Medical Payment limits under the Personal Auto Policy. Answer:
are written on a per person basis.
◉ The boat owner's policy provides coverage for. Answer: the hull,
equipment, and watercraft liability.
◉ The Superintendent may impose a civil forfeiture of _________ per
willful violation of insurance codes.. Answer: 5000
◉ Insurance information and privacy protection laws state that an
insured is allowed copies of any report containing their personal
private information used in the underwriting process. If that process
results in an adverse underwriting decision how many days does the
agent/carrier have to provide the report once the consumer has
requested, it?. Answer: 21 days
◉ If an agent's appointment is going to be canceled by the insurance
carrier, they must notify the agent within_______ of the cancellation
date.. Answer: 5 days
,◉ If the insured covers the dwelling for at least 80% of the cost to
replace it, he will receive what settlement option for dwelling
damage on the DP-1?. Answer: ACV
◉ The dwelling multipliers are as follows. Answer: Coverage B is
10% of A Coverage D is 20% of A
◉ Minor children can collect survivor benefits for a deceased worker
under workers compensation insurance up to age____ or age _____if a
full-time student.. Answer: 18/23
◉ At the discretion of the Superintendent the maximum time
between examinations of a domestic insurer is ____ years.. Answer:
five
◉ Which is NOT a rebate?. Answer: offering valuable consideration
for the opportunity to quote insurance.
◉ What most closely defines an element of insurable risk?. Answer:
economic hardship
◉ The insurer's right to salvage damaged property. Answer: is an
understood principle of law.
, ◉ Toni's policy states that it will provide a $100,000 liability limit
per. Answer: combined single limit.
◉ If an insured with an HO-6 purchases $50,000 of contents
Coverage C, how much coverage is automatic for Coverage D-- "loss
of use?". Answer: 50% of $50,000, or $25,000
◉ Under the Limited fungi, wet or dry rot or bacteria coverage
endorsement (HO 04 42) the maximum payable for damaged
property is. Answer: 5,000
◉ Base rate classifications on the auto policy are based on. Answer:
age, gender, and marital status
◉ Flood insurance will cover. Answer: debris removal
◉ Robert became a licensed property and casualty agent on August
22, 2018. His birthday is August 4th. When must he have his
continuing education completed?. Answer: 44074 Each agent has
two full years to complete the required hours of continuing
education hours. The license renews on the last day of the birth
month every two years.
