All Lines Adjuster Exam - Questions With Answers

DP - gravemarkers limit {Ans: NO COVERAGE}PAP provides coverage for damage to non-owned auto covered on ___ basis. {Ans: excess}Inland Marine - Explain the difference between controlled/uncontrolled policies. {Ans: controlled - rates/forms ARE filed uncontrolled - rates/forms NOT filed}Ocean Marine - ___ endorsement gives premium reduction while ship is in storage. {Ans: lay up}BOP - A building is vacant when ___% unoccupied. {Ans: 65%}Risk that affects an individual only. {Ans: particular}BAP - Individual Named Insured covers ___. {Ans: insured's personal auto}Builders Risk coverage ends ___ days after construction is completed. {Ans: 90}HO-2 perils (dwelling & contents) {Ans: dwelling - named/broad contents - named/broad}Risk with possibility of loss only. {Ans: pure}Farm - Mobile agricultural equipment can be covered on blanket basis, except for ___ & ___ which must be scheduled. {Ans: combines cotton pickers}TX - valid defenses for WC claims (2) {Ans: 1. intentional injury 2. intoxication}HO - All tremors within ___ are one earthquake. {Ans: 72 hours}Commercial Property - If the agreed value reporting form expires, losses revert back to ___. {Ans: coinsurance}Business Income - Insured's income loss determined by ___ statement. {Ans: profit &