WV Adjuster Test Questions And Correct
Answers
What is the definition of a public adjuster? - answerAn adjuster who works for the insured
If an insurance company is fined (max $1000) by commissioner, how many days do they have to
pay or appeal the fine? - answer30 Days
Subrogation occurs when?...
negligence law in a situation in which each is equally liable (each party of 50% liable) -
answer✔Neither party collects from the other
Driver B loses control of his vehicle and strikes Driver A. Under what theory does Driver A
collect damages from Driver B? - answer✔Legal Liability
There are 3 home owners policies in effect, which all apply to a single loss. The policies provide
the following amounts of coverage.
Company A 50,000
Company B 40,000
Company C 10,000
The insured suffered a $10,000 loss to his home. What amount will Company C pay? -
answer✔$1,000
How long does an insurance company have to give a 3rd party claimant, who is not an attorney,
nor represented by an attorney, written notice that the claimants rights may be affected by a
statue of limitations or a policy or contract time limit? - answer✔60 Days
An insured has his vehicle stolen. When recovered there was $2,000 damage, due to collision
and $450 in stolen hubcaps. There is a $200 collision deductible and a $100 comprehensive
deductible. What is the maximum amount the insured will pay? - answer✔Add up all the
damages and then subtract the comprehensive deductible.
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