Adjuster License Practice Test Questions & Answers

Coverage C - Medical Payments in a CGL policy will ONLY cover claims IF: {Ans: the expenses are reported within one year of the occurrence.}In which section of a Standard Fire Policy would you find information on rules of conduct and obligations the policyholder must follow in order for insurance coverage to apply? {Ans: Conditions}What does "implied warranties" mean in the context of Ocean Marine Insurance? {Ans: Strict adherence to good maritime practices is required.}The Risk Management Agency is responsible for all of the following, except: {Ans: issuing crop assignments to farmers.}Which of the following properties would NOT qualify for a dwelling policy? {Ans: A 5-family dwelling}Sam's Dry Cleaners' power shuts off due to a lightning strike at the supplying power station just down the street. For three days the business cannot operate due to the damage incurred at the power station. Which endorsement would cover Sam's Dry Cleaners for the loss of business? {Ans: Utility Services - Time Element}Just two days before a hurricane hits New Orleans, Jim brings most of his valuable items (TV, stereo, jewelry, firearms, etc.) to his parents' house in Hammond, to keep them safe from the storm. Two