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LA Claims Adjuster Property and Causality Practice Exam 1 Solved Correctly To Score A+
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LA Claims Adjuster Property and Causality Practice Exam 1 Solved Correctly To Score A+
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Name: Score:210 Multiple choice questions
Definition 1 of 210
____establish and define the causes of loss (or perils) for which coverage is provided under the
form. (Please do not confuse the "cause of loss" forms with the "proof of loss" form, which is the
form submitted to the insurance company by the insured when they have a claim.)
Duties of the Insurer
Absolute Liability
Cause of Loss Forms
Claims Evaluation step 3
Definition 2 of 210
The Commissioner of Insurance may place on probation, suspend, revoke, or refuse to issue,
renew, or reinstate a claims adjuster's license or may levy a fine not to exceed ___for each
violation up to ____aggregate for all violations in a calendar year, unless a fine is established by
separate statute in this title authorizing a greater penalty, or any combination of actions, for failure
to complete assignment of adjustment of a claim in a thorough and timely manner,
including submission of the adjustment of a claim to the party which made that assignment.
deputy Commissioner
homeowners LA
$500
$10,000
total amount
,Definition 3 of 210
CGL Covers certain pollution losses excluded
under the standard form, but this form does not provide coverage for clean-up.
Employer's Liability
Operations
homeowners LA
Pollution Liability Limited Coverage Form
Definition 4 of 210
The insured must separate the damaged from the undamaged property, if possible. Separating
the property serves the purpose of
protecting undamaged property from becoming damaged, and to assist in determining
which property can be repaired and which property must be replaced.
Losses Covered
Duties of the Insurer
Separating the Property
Other Insurance -
Definition 5 of 210
Under a Property or Casualty
policy, the Declarations page will include___
Contributory Negligence
Products and Completed Operations
a description of the property, or a schedule of
the coverage parts
Not until the goods are delivered to the buyer in accordance with the contract terms..
,Term 6 of 210
Legal Action Against Us
CGL ___The most that will be paid under Coverage C for all medical
expenses because of bodily injury sustained by any one person.
___is the limit stated in the policy representing the total amount for all
claims paid during the policy period. Once the ____ has been met, the insured
is without coverage.
In CGL The insured cannot sue the insurance company unless all conditions of the policy
have been met, nor, bring the insurance company into a suit later than one year.
In CGL Protects the insured for bodily injury and property damage occurring away from the
premises owned or rented to the insured and arising out of products made or sold by the
insured
Definition 7 of 210
CGL Coverage Excl Coverage does not apply to bodily injury or property damage that
arises out of transporting mobile equipment by an auto that any insured owns, operates,
rents or has loaned to it. It also does not apply to mobile equipment used in any
prearranged race, speed, stunt, or demolition activity. Note: The towing vehicle's auto
liability coverage insures loss or damage caused by a trailer being towed or for mobile
equipment being transported by that vehicle.
Pollution
Mobile Equipment
Notice of Claim
Workers Compensation and Similar Laws
, Definition 8 of 210
"Property & Casualty Adjuster", "General
Lines Adjuster" or "All Lines Adjuster" all are ____
Insurance Commissioner
The special form.
Initial or Field Report
Independent Adjuster
Definition 9 of 210
This is covered under a homeowner policy. Personal property is covered on a worldwide basis. If
a HO policy is not in force then a ____ be written.
Personal Property Floater could
Personal and Advertising Injury
Separating the Property
Premises and Operations
Definition 10 of 210
- Unless denied licensure pursuant to state law, a
nonresident person may receive a nonresident claims adjuster license upon complying with state
requirements
homeowners LA
policy holders
the unauthorized practice of law
Nonresident Claims Adjuster License -
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