Ca Adjusters License Study Guide Graded A+

Which of the following dwelling forms provides coverage for loss of rental income? - The Basic, Broad and Special Form - The Basic and Broad Forms only - The Broad and Special Forms only - The Special Form only {Ans: The correct answer is: The Basic, Broad and Special Form. EXPLANATION: All of the forms provide for rental value coverage. In the DP-2 and DP-3, it is 20% of the Coverage A limit and is additional coverage. With the DP-1, the 20% coverage reduces the available Coverage A amount on the dwelling. (Note: in North Carolina the percentage is 10%.)}Under Coverage C of the homeowners program all of the following categories of property are limited, EXCEPT: Recreational furniture. Securities. Watercraft. Gold. {Ans: The correct answer is: Recreational furniture. EXPLANATION: All of the HO forms contain a list of property subject to limitations. Recreational furniture is not included within this list.}The manager of an independent adjusting company leaves the business. The Department of Insurance requires notification of the manager's departure within: 10 days 30 days 60 days At license renewal {Ans: The correct answer is: 30 days. EXPLANATION: The Insurance Department must be advised within 30 days.}Which of