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University of Southern California (Risk
Management and Insurance Program)
State Insurance Claims Adjusters Certification
California C.A Claims Adjuster Exam
Course Title and Number: Claims Adjuster Exam Exam Title: Board Exam Exam Date: Exam 2024- 2025 Instructor: [Insert Instructor’s Name] Student Name: [Insert Student’s Name] Student ID: [Insert Student ID]
Examination
180 minutes
Instructions:
**1. Read each question carefully.
- Answer all questions.
- Use the provided answer sheet to mark your responses.
- Ensure all answers are final before submitting the exam.
- Please answer each question below and click Submit when you have** **completed the Exam.
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State Insurance Claims Adjusters Certification 2024- California C.A Insurance Claims Adjusters Exam Review Questions and Answers | 100% Pass Guaranteed | Graded A+ | Read All Instructions Carefully and Answer All the Questions Correctly Good Luck: - Insurance - =Answer>> An econo mic device used to protect against the risk of realizing unforeseen and extraordinary financial loss is called In an insurance contract rhe policyholder gives the insurer — and the insurer gives the policyholder —- - =Answer>> Premium, payments Adds coverage for employees who aren't legally required to be covered - =Answer>> Voluntar y Compensation Endorsement Employers liability Covers the employer when employees claim injuries not subject to WC - =Answer>> Part two W C Covers American sailors injured at sea Crossing the Atlantic - =Answer>> Jones Ac t Construction worker who was hired in California but who is temporarily working in Nevada - =Answer>> Covered under W.C law for California Need Writing 🤔Help? We've Got You Covered! ✍️ 100% NO A I or Plagiarism Guaranteed🤔
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An insurer must respond to claim inquiries from the department of insurance within? - =Answer>> 21 days An insurer should accept or deny a claim within —- of receiving notice of the claim - =Answer>> 40 days If SOL applies to a claimant loss the insurer must : - =Answer>> Provide the claimant with written notification about at least 60 days before it expires Newly acquired pieces of fine art get automatic coverage for 90 days at a reduced percentage - =Answer>> Fine Art s Personal Articles Floater of Inland Marine policy Time limit to pay a settled claim - =Answer>> 30 days If the insurer chooses the cash settlement option for settling a first party total loss auto claim - =Answer>> The sett lement must include taxes title and license fees even if the claimant decided not to buy a new car with the settlement money Auto insurers Must Not give their insureds a copy of - =Answer>> A list o f insurer approved auto repair shops in the claimant area In Surety insurance an insurer must accept or deny a claim within. —-of receiving proof of loss unless in litigation - =Answer>> 40 days Need Writing 🤔Help? We've Got You Covered! ✍️ 100% NO A I or Plagiarism Guaranteed🤔
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In surety insurance an insurer should pay an undisputed claim —- of receiving affirmation of liability - =Answer>> 15 days According to the insurance adjuster act which would NOT count as a person? - =Answer>> governme nt entity CE requirement license. Renewal - =Answer>> 24 hours 3 in ethics CA license - =Answer>> no recip rocity with any states Must meet home state CE requirement - =Answer>> Complian ce for non resident adjuster Resident of CA who received license on March 20 2016 must renew license by - =Answer>> Dec 31 2 018 Amount for surety bond for an independent adjuster CA - =Answer>> $ R equirement for licensure - =Answer>> 4000 hou rs of adjusting compensated experience Not needed for insurance adjuster application - =Answer>> A list o f employers An adjuster whose license was suspended or revoked must
- =Answer>> Surrende r his license In the event. A non resident adjuster is served with a notice of violation against California insurance Code the non Need Writing 🤔Help? We've Got You Covered! ✍️ 100% NO A I or Plagiarism Guaranteed🤔
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The transfer if risk from one party to another - =Answer>> Insuranc e The principle of indemnity is designed. To prevent - =Answer>> An insur ed from making a profit Which if the following best defines insured - =Answer>> An indiv idual or organization that pays premiums in exchange for financial protection What are the four requirements of a legally binding contract - =Answer>> Agreemen t consideration competent parties legal purpose Melinda s home sustained $6500 in damages when Jared ran into it with his truck Melinda received $6500 from her insurance company and Jared also paid her. $5000 Melinda has now profited from this loss and is in violation of - =Answer>> The prin ciple of indemnity In an insurance contract consideration from both parties is compromised of - =Answer>> Premiums from the insured and the promise to pay from the insurer Sandra rear ended Randy's car when he stopped quickly for a yellow light that she was sure they were going to make. the damage was minor but Sandra was worried her premiums would increase if the accident was reported so she gave Tandy $500 in an effort to keep it just between them. However. Randy filed the claim with his insurance Need Writing 🤔Help? We've Got You Covered! ✍️ 100% NO A I or Plagiarism Guaranteed🤔
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company and received a settlement. Check for $750. What was Randy violated? - =Answer>> The prin ciple of indemnity Who bid the following statements about insurance is false?
- =Answer>> The insu rer will only pay up to the amount already collected in premiums for each insured Which of the following statements about insurance is false?
- =Answer>> If the p olicy limit is greater than the value of the insured item the claimant may profit from a total loss Which if the following isNOT one of the criteria that makes acceptance if an offer to a contract legally enforceable? - =Answer>> Offeree must have no more than one stipulation We will provide the insurance described in this policy in return for the premiums and compliance with all applicable provisions if this policy. In which section if the insurance policy would his statement be found? - =Answer>> Insuring Agreement Which of these causes of loss is least likely to be covered by a typical insurance policy? - =Answer>> Nuclear Hazard Edna loses some of her property ina hailstorm. when the adjuster comes to investigate the loss he gives an estimate that Edna thinks is far too low. as negotiations continue neither Edna nor the adjuster will budge. Where in Edna's policy would you find the procedure. To follow in this situation? - =Answer>> Conditio ns Need Writing 🤔Help? We've Got You Covered! ✍️ 100% NO A I or Plagiarism Guaranteed🤔
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Monica home is located in a flood zone. In insurance terms the location of Monica's home is considered? - =Answer>> hazard Nina 's home is located in a high crime area. One day she comes home from work to find that her garage door has been spray painted with graffiti. Nina's insurer would consider the act of vandalism a - =Answer>> peri- W hich of the following is NOT an example an indirect loss? - =Answer>> During a fire the fire department hoses down a house to extinguish the flames. The water damages that results is an indirect loss During a heavy thunderstorm the lightning strikes a tree outside Carl,s house which splinters and falls onto Carl's roof. The room under the roof floods with water damaging. Carl's expensive flooring Carl's roof damage would be considered? - =Answer>> Insura ble interest is defined as - =Answer>> Actual e conomic interest is defined as Insurance interest allows rick to take out an insurance policy in all but the following - =Answer>> His favo rite restaurant When Shawn purposefully caused fire damage to Jim's restaurant Jim's insurer paid the claim and then sued Shawn for the damages but Jim is still pretty mad about the food hole deal and wants to sue him as well. Why is it not Need Writing 🤔Help? We've Got You Covered! ✍️ 100% NO A I or Plagiarism Guaranteed🤔
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possible for him to sue Shawn? - =Answer>> Jim has already received indemnity from his insurer How is actual cash value calculated? - =Answer>> Replacem ent cost minus total depreciation A predefined monetary portion of an insurance claim paid by a policyholder is a: - =Answer>> Deductib le Which of the following statements about liability insurance policy limits is TRUE? - =Answer>> Liabilit y insurance policy limits dictate the maximum amount an insurer is responsible for paying a covered loss The use of which doctrine would result in David receiving no damages for his loss if he were found 25% responsible for his own loss? - =Answer>> Contribu tory Negligence Which if the following is excluded from liability. Insurance coverage? - =Answer>> Intentio nal acts Sam s neighbor was upset and sued him for damages Sam is ordered to pay $500 for the tree under which category if damages would this fall? - =Answer>> Compensa tory Damages Common law is based on? - =Answer>> Court de cisions and customs Ned insurer made a business decision that broadened coverage in new standard policies without increasing premiums. Be cause if this. The insurer. Was rehired to Need Writing 🤔Help? We've Got You Covered! ✍️ 100% NO A I or Plagiarism Guaranteed🤔
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Clark lost power to his home when a windstorm blew the roof off his house. as a result he lost several hundred dollars worth of meat that he was keeping ina freezer in his basement. Which homeowners coverage might indemnify Clark for his loss of meat? - =Answer>> Personal property Which ISO form is known as as Condo form? - =Answer>> Homeowne rs 6 (Unit-Owners Form) Which of these homeowners policy coverages does NOT usually have a deductible? - =Answer>> Fire Dep t Service Charge Who s injuries will be covered by Jake homeowners policy under coverage E personal liability? - =Answer>> Neighbor s injury's Increases living expenses covered due to mandatory evacuation - =Answer>> Addition al Living Expenses two weeks when forced out by civil authority Open perils for structure and detached garage and named perils for personal property - =Answer>> HO 3 Wh at is covered under Coverage C HO 3 during a power surge form a lightening strike? - =Answer>> Sofa and lap tops A typical homeowners policy with. 250,000 limit for coverage A dwelling will automatically have how much coverage for other structures? Yes - =Answer>> $ Need Writing 🤔Help? We've Got You Covered! ✍️ 100% NO A I or Plagiarism Guaranteed🤔
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Cheapest policy option to protect financial interests in home - =Answer>> HO- Co verage B other structures HO - =Answer>> 10 % of what coverage A dwelling was purchased Which part of the homeboy policy provides coverage for medical expenses of third parties who are injured on your property? - =Answer>> Coverage F Coverage E refers to which part of the HO policy? - =Answer>> personal liability In a Homeowners policy. Coverage D loss of use will NOT cover - =Answer>> Loss of rental income after damage to a rental unit has been fixed but no new renter has been found What is not covered by Coverage C personal property on HO? - =Answer>> pets Ad ditional coverage tree and shrub replacement will pay - =Answer>> $500 per tree A typical homeowners policy without a home business endorsement has how much coverage available for business personal property? - =Answer>> $ A windstorm causes damage on a property covered by DP 2 There is a downed fence some furniture gets water damage from rainwater that enters through a hole in the damages roof and tree bus blown down Need Writing 🤔Help? We've Got You Covered! ✍️ 100% NO A I or Plagiarism Guaranteed🤔
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Coverage L I'm a personal liability supplement provides - =Answer>> Coverage for BI and PD to a third party which the insured is liable Which of the following provides the most limited coverage. For a homeowner? - =Answer>> ACV For business pursuits endorsement coverage to apply which is required? - =Answer>> The insu red must not be an owner or partner Personal liability insurance does NOT cover? - =Answer>> Bodily I njury In order to be covered by California domestic workers compensation an employee must have - =Answer>> Worked 5 2 hours in the 90 days leading up to the injury Which if the doll is eligible for coverage under the personal property replacement cost endorsement in a HO? - =Answer>> Photogra pher equipment The building and ordinance endorsement to a HO policy is important for which type if bldg? - =Answer>> Older bu ildings that may need upgrading electrical heating or plumbing The liability section of a homeowners policy provides coverage for the insured? - =Answer>> Both in and off the premises Need Writing 🤔Help? We've Got You Covered! ✍️ 100% NO A I or Plagiarism Guaranteed🤔
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When added to a homeowners policy the mobile home endorsement? - =Answer>> Provides property coverage for a mobile home as long as it is us d mainly as a residence Anton spills coffee in his lap while driving causing him to veer. Off the road. And smash into a lamp post Which part of PAP will help him pay for the repairs to the lamp post? - =Answer>> Liabilit y Coverage Caitlin works as a driver for a local oil company. She picks up the field worker and drops them off the well site. Then once their shift is completed she brings them home again using the company van. Which endorsement provides the best coverage for Caitlin? - =Answer>> Extended non owner Part D if the PAP does NOT cover? - =Answer>> Freezing In a PAP personal injury protection - =Answer>> Applies to covered injuries before any available medical payments coverage PAP has several duties after a loss which Is NOT one of them? - =Answer>> Then pol icyholder must complete a drivers. Safety course Liability limits in a personal auto policy are applied - =Answer>> Per pers on and per accident A new policyholder who does not currently have comprehensive coverage but would like to add it to a newly Need Writing 🤔Help? We've Got You Covered! ✍️ 100% NO A I or Plagiarism Guaranteed🤔
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Who is NOT an insured or a family member on PAP? - =Answer>> Fiancé w ho booties the car Collision coverage will pay? - =Answer>> Rollover at a sharp turn PAP endorsement needed to add a family member who lives on her own - =Answer>> joint ow nership Insurer may suspend or deny coverage if policyholder fails to notify the insurer if any known problems with the system
- =Answer>> CPP prot ective safeguards system NOT covered by CPP with a cause of loss fi special firm attached to building and personal property form? - =Answer>> Lulu fin e jewelry must close down due to a flood and repair damage Where are perils listed covered and. Excluded? - =Answer>> Cause of Loss Forms Paid under business income form CPP - =Answer>> Coverage for continuing operating expenses while damaged property is being repaired Pays extra expense on commercial property policy - =Answer>> Increase d construction costs due to new building codes required Need Writing 🤔Help? We've Got You Covered! ✍️ 100% NO A I or Plagiarism Guaranteed🤔
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Foundation of all CPP policies - =Answer>> Building and Personal Property Coverage Form Debris removal is additional Coverage On commercial property policy and pays up to? - =Answer>> 25% of t he total claim for PD Coverage trigger - =Answer>> CGL Clai ms Made Form vs occurrence Hire to run office only until EE returns to to work after maternity leave - =Answer>> temporar y workers Concerns over job completion after winning bid to get ready for Fourth of July fireworks city ask for a - =Answer>> surely b ond Provide coverage for named employees or named positions
- =Answer>> Aces i nc had a fidelity bond contract with XYZ insurance where XYZ insurance will pay for any financial losses that Aces may incur if an Aces employee commits fraud In this contract Aces would be considered the - =Answer>> Obligee Pays bond. Owe s obligation - =Answer>> principa l What guarantee s that the principal won't do something? - =Answer>> Fidelity Bond Need Writing 🤔Help? We've Got You Covered! ✍️ 100% NO A I or Plagiarism Guaranteed🤔
