California Adjuster Exam Prep Questions and Verified Answers, 100% Score Guarantee Pass (Latest 2025) The process where by a mutual insurer becomes a stock company is called - Correct Answers ✅Demutualization The process whereby a stock company a mutual insurer is called - Correct Answers ✅Mutualization The provision in a property policy which states that the insured has been paid up to their insurable interest is - Correct Answers ✅Valuation clause The part of the policy that states the amount of coverage the insured property policy period is - Correct Answers ✅Declaration Part of the policy that establishes limits upon the insurer and the insured with the insurance policy - Correct Answers ✅Conditions Which are the characteristics of negligence - Correct Answers ✅Duty, breach, proximate cause, damages Which of the following is not a federal program - Correct Answers ✅Worker' compensation 1 / 4
California Adjuster Exam Prep Questions and Verified Answers, 100% Score Guarantee Pass (Latest 2025) Absolute risk(liability) is imposed - Correct Answers ✅When there is negligence whether proven or not X is in an accident with Y. X suffers $5000 of damage but it is determined that X is 60% responsible for the accident. How much would X receive under CONTRIBUTORY negligence rules? - Correct Answers ✅$0 what is the main purpose of tort law - Correct Answers ✅to determine financial responsibility for damage what of the following is not considered an intentional tort? - Correct Answers ✅Auto accident Which of the following statements is true regarding compensatory damages? - Correct Answers ✅There is usually no direct correlation between the amount of general and special damages awarded to the victim The insurer decides not to renew an insured's personal auto policy. How much notice must the insurer provide to the insured - Correct Answers ✅30 days an insured's loss reserve for a claim is an estimate of the amount insurer will pay for present and future loss, which of 2 / 4
California Adjuster Exam Prep Questions and Verified Answers, 100% Score Guarantee Pass (Latest 2025) the following is an example of loss prevention - Correct Answers ✅a homeowner decides not to install a pool in the backyard which of the following describes the act of making a false entry in any book statement of report of any insurer with the intent to device any examiner lawfully appointed to examine the insured's - Correct Answers ✅an unfair practice a person can base his/her claim for liability on the basis of all of the following EXCEPT - Correct Answers ✅breach of liability the term "assignment" refers to - Correct Answers ✅the transfer of the insured's interest in a policy to another party the term "subrogation" refers to - Correct Answers ✅the insured's right to recover payment from a responsible 3rd party insurer's right to recover the payment of the claim after they paid the insured for their property losses a negligent 3rd party is know as, - Correct Answers ✅subrogation 3 / 4
California Adjuster Exam Prep Questions and Verified Answers, 100% Score Guarantee Pass (Latest 2025) an insurance deductible is - Correct Answers ✅the amount of covered expense that the insured pays before the insurer pays, all of the following are requirements for a notice by mail to an insured by insurer except - Correct Answers ✅notice must be sent with return receipt required which of the following is considered special damages - Correct Answers ✅Compensation for time away from work Which advisory organization(s) develop forms for the standard market? - Correct Answers ✅Insurance service office and American association of insurances Which of the following would be considered special damages?
- Correct Answers ✅Lost wages
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What do the initials S.T.A.R.R represent? - Correct Answers ✅Methods of risk mamagement All of the following would be considered benefits of insurance except - Correct Answers ✅Retention of loss by the insured