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EXAM TEST QUESTIONS AND ANSWERS FOR CARLIFORNIA ADJUSTERS
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EXAM TEST QUESTIONS AND ANSWERS FOR CARLIFORNIA ADJUSTERS
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EXAM TEST QUESTIONS AND ANSWERSFOR CARLIFORNIA ADJUSTERS
Business Auto Policy coverage Symbol # 9 includes:
✔✔non-owned vehicles (liability coverage)
Business Auto Policy - new vehicles, what is required for coverage?
✔✔Under Symbol # 1 no reporting is required, Under Symbol # 7
(specifically described auto) the insured must report getting the new auto
within 30 days in order to be covered.
Business Auto Policy coverage # 7 includes:
✔✔Specifically described autos
According to the Business Auto Policy (BAP) what is not included in the
"auto" definition?
✔✔Mobile equipment such as tractors or fork-lifts not designed for use
on public roads.
Garage-Keepers Policy Symbol # 30 includes:
✔✔Autos left for Service, Repair, Storage,and Safekeeping (mandatory for
garages).
Garage-Keepers Policy Symbol # 31 includes:
✔✔Dealers Autos
, A Trucker is:
✔✔An individual or business that takes possession of property for the
purpose of transport
Trucker Insurance Policy Symbols include:
✔✔Symbols 41 through 49
Motor Carrier is:
✔✔One who transports goods OR passengers.
Is a bailee agreement created by parking in a public garage?
✔✔No
Comprehensive coverage covers:
✔✔Damages not caused by collision, such as hail, lightening, fire, and
falling objects.
Commercial Crime Insurance covers:
✔✔Losses caused by outside sources or employees. It includes theft,
forgery, fraud, and other illegal activity.
What are the two forms of Commercial Crime Insurance?
✔✔Loss Sustained Form: covers losses that occur during the policy
period.
Discovery Form: covers losses that are discovered during policy period
(up to 60 days after policy expires), no matter when they occurred
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