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WV ADJUSTER TEST QUESTIONS AND ANSWERS UPDATED 2024 – 2025
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WV ADJUSTER TEST QUESTIONS AND ANSWERS UPDATED 2024 – 2025
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WV ADJUSTER TEST QUESTIONS ANDANSWERS UPDATED 2024 – 2025
What,is,the,definition,of,a,public,adjuster?,,ANS,-,,An,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,a
ppeal,the,fine?,,ANS,-,,30,Days
Subrogation,occurs,when?,,ANS,-
,,The,insurer,steps,into,the,position,of,the,insured,and,may,collect,from,the,responsible,party,for,damag
es
What,is,the,purpose,of,excess,insurance?,,ANS,-
,,To,provide,additional,liability,coverage,above,and,beyond,that,which,is,provided,by,the,primary,policy
How,is,the,value,of,personal,property,determined,when,using,ACV?,,ANS,-
,,Replacement,cost,less,depreciation
How,long,does,an,insurance,company,have,to,furnish,the,insurance,commissioner,with,a,complete,writt
en,response,to,an,inquiry,other,than,a,notice,of,3rd,party,administrative,complaints?,,ANS,-,,15,days
Which,of,the,following,options,correctly,states,the,effect,of,WVs,modified,comparative,negligence,law,i
n,a,situation,in,which,each,is,equally,liable,(each,party,of,50%,liable),,ANS,-
,,Neither,party,collects,from,the,other
Driver,B,loses,control,of,his,vehicle,and,strikes,Driver,A.,Under,what,theory,does,Driver,A,collect,damag
es,from,Driver,B?,,ANS,-,,Legal,Liability
There,are,3,home,owners,policies,in,effect,,which,all,apply,to,a,single,loss.,The,policies,provide,the,follo
wing,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?,,ANS,-,,$1,000
How,long,does,an,insurance,company,have,to,give,a,3rd,party,claimant,,who,is,not,an,attorney,,nor,repr
esented,by,an,attorney,,written,notice,that,the,claimants,rights,may,be,affected,by,a,statue,of,limitation
s,or,a,policy,or,contract,time,limit?,,ANS,-,,60,Days
An,insured,has,his,vehicle,stolen.,When,recovered,there,was,$2,000,damage,,due,to,collision,and,$450,i
n,stolen,hubcaps.,There,is,a,$200,collision,deductible,and,a,$100,comprehensive,deductible.,What,is,the
,maximum,amount,the,insured,will,pay?,,ANS,-
,,Add,up,all,the,damages,and,then,subtract,the,comprehensive,deductible.
What,is,the,purpose,of,WVs,guaranty,association?,,ANS,-
,,To,pay,claims,when,the,insurer,has,become,insolvent
In,a,homeowners,policy,,what,coverages,are,included,in,Section,1,&,2?,,ANS,-
,,Dwelling,&,Personal,Property,,and,BI,Liability,&,Medical,Payments
What,is,the,purpose,of,WVs,Essential,Insurance,Act,"Fair,Plan"?,,ANS,-
,,To,provide,homeowners,and,business,owners,,who,would,not,otherwise,be,able,to,get,insurance,from,
the,normal,insurance,marketplace,,the,ability,to,obtain,insurance
What,is,the,law,regarding,as,it,relates,to,the,insureds,liability?,,ANS,-
,,It,is,forbidden,to,exclude,liability,coverage,for,the,guest,passenger,,under,any,circumstances
How,much,time,does,an,insurer,have,to,inspect?,,ANS,-,,7,days
Under,the,fire,prevention,act,,what,must,an,adjuster,do,whenever,arson,is,suspected?,,ANS,-
,,Notify,the,state,fire,marshall
What,does,an,adjuster,do,when,a,state,fire,marshall,requests,information?,,ANS,-
,,Provide,the,fire,marshall,with,all,the,information,you,have
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