Exam (elaborations)
RI Adjuster Exam Practice Exam questions fully solved & updated 2025.
- Course
- Institution
RI Adjuster Exam Practice Exam questions fully solved & updated 2025.
[Show more]
Content preview
RI Adjuster Exam PracticeExam questions fully solved
& updated 2025
Which of the following phrases BEST defines a hazard?
A. The uncertainty of a loss
B. The cause of a loss
C. An unexpected loss
D. A condition that increases the chance of a loss - answer D
A family takes their 50-horsepower outboard motor boat to the lake
on a trailer towed behind their personal auto. The pleasure boat is
appropriately covered for physical damage under which of the
following policies?
A. Dwelling
B. Homeowners
C. Boat owners
D. Yacht - answer C
Which of the following perils is covered by Broad Form perils but not
covered by the Basic Form?
A. Vandalism
B. Weight of ice and snow
C. Riot
D. Sinkhole collapse - answer B
G insures G's television repair shop under a Building and Personal
Property Coverage Form with limits of $100,000 on the building and
,$50,000 on business personal property. A fire causes $10,000 in
damage to the building and $20,000 in losses to the contents. G also
has to pay $1,000 for debris removal. If the policy has as deductible
of $250, G will receive a MAXIMUM of which of the following
amounts from the insurer?
A. $29,750
B. $30,000
C. $30,750
D. $31,000 - answer C
Which of the following statements about a mortgagee's rights under
the Dwelling Property Basic Form (DP-1) is INCORRECT?
A. No act by the insured will jeopardize the mortgagee's rights
B. The mortgagee may file a Proof of Loss if the insured fails to do
so
C. The mortgagee is entitled to receive prior notice of a policy's
cancellation
D. The mortgagee may abandon the insured property to the insurer.
- answer D
A company's promise to pay for damage caused by or resulting from
any covered Cause of Loss would be found in which of the following
sections of a Commercial Property policy?
A. Declarations
B. Insuring Agreement
C. Conditions
D. Exclusions - answer B
1. Which of the following businesses would be eligible for a Business
owner's policy?
A. Auto body shop
B. Theater
,C. Branch bank
D. Barber shop - answer D
A primary obligation of an insurer is to:
A. Pay the claims covered under the policy
B. Provide a financial statement with each policy
C. Make inspections and surveys of insured property
D. Prepare an inventory after a loss - answer A
All of the following options are examples of insurable interest
EXCEPT:
A. A person's interest in property she is buying on contract
B. A tenant's interest in improvements she has made to a leased
building
C. A TV repairman's interest in a customer's TV which has been
repaired but is still on premises
D. An individuals' interest in property her parents will someday
leave to her - answer D
X insures a home for $100,000 under a Dwelling Property Broad
Form (DP-2) If a flood causes $1,000 in damage to the home's
contents, which of the following MAXIMUM amounts will X's insurer
pay?
A. $800
B. $0
C. $900
D. $1,000 - answer B
Which of the following sources may be used to provide property
insurability information?
A. Police Records
, B. Physical inspections
C. Checking account statements
D. Lie detector tests - answer B
Which of the following terms BEST describes continuous and
repeated exposure to conditions that are neither expected nor
intended by the insured?
A. Negligence
B. Liability
C. Accident
D. Occurrence - answer D
In order to issue a written binder for a commercial property policy,
what is the MINIMUM consideration a producer must secure from an
applicant?
A. A signature on a premium finance agreement
B. Payment of six months' premium
C. Payment of twelve months' premium
D. Promise to pay premium - answer D
The National Flood Insurance Program provides coverage for losses
caused by all of the following occurrences EXCEPT:
A. Mudslides
B. Runoff from heavy rain
C. Overflow of tidal waters
D. Water-main breakage - answer D
The Personal Liability section of a Homeowners policy covers which
of the following options?
A. Damage to an insured's property caused by a visitor
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller BRAINBOOSTERS. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $14.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
77254 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now