1 Georgia Adjuster Actual Exam Newest 2025/2026 Complete All 100 Questions And Correct Detailed Answers (Verified Answers) |Already Graded A+||Brand New Version!!
Six Stars Development Company has just been offered a great deal on ten large properties in Las Vegas. The economy in Las Vegas has been declining recently, but the CEO of Six Stars expects it to recover soon.This could be an exceptional opportunity for Six Stars, but it's also pretty risky. Ultimately, the Six Stars executive team decides not to
purchase the properties. This is an example of: - CORRECT ANSWER -
risk avoidance
James and Eric want to play a prank on Bob for Halloween. They dress up like headless horsemen and throw ignited Jack O'Lanterns at his house. Unfortunately, one of the inflamed pumpkins catches the porch on fire, causing $3,500 in damages. Bob doesn't find this tomfoolery very entertaining and sues both James and Eric for the cost of the
repairs. In court, James and Eric would be: - CORRECT ANSWER -a
joint tortfeasor
Jane has a $150,000 homeowners policy with a 3% percentage deductible. One night, an oven fire destroys her kitchen, causing $50,000 in damage. How much of the damage falls under Jane's responsibility? - CORRECT ANSWER -$4,500 1 / 3
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(That is incorrect. Since Jane has a percentage deductible, she is responsible for the first 3% of damages relative to the amount of insurance she carries ($150,000 x 3% = $4,500). Therefore, Jane is responsible for the first $4,500 in damages or repairs to her property.)
Roxanne runs a red light and totals Ben's car in a t-bone collision.Roxanne's auto policy includes liability coverage with limits of 50/100/25 and Collision coverage with a deductible of $500. Ben's car is worth $1,800 at the time of the accident, and he files a claim against Roxanne's liability insurance. Bearing in mind that liability coverage doesn't have a deductible, how much will Roxanne have to pay out-of- pocket for the damages she caused? - CORRECT ANSWER -$0
(That is incorrect. Since Roxanne caused the damage, Ben would file a third-party claim against Roxanne's auto liability coverage. There is no deductible, so Roxanne would not have to pay anything)
Jared hopes to purchase a new insurance policy for his car, but he has an extremely poor driving record. The insurance company decides to issue Jared an insurance policy, but charges him a premium much higher than
the average driver. The insurance company is practicing: - CORRECT
ANSWER-risk reduction
(The insurance company has mitigated its risk by charging Jared higher premiums. The company is managing its risk by practicing risk reduction.) 2 / 3
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While a claim remains open, an insurer may require the adjuster to
submit an interim report: - CORRECT ANSWER -at regular set
intervals, which lists any new or important information about the claim.
(An interim, or status, report is meant to update the insurer on a claim when a certain amount of time has passed without a resolution. Most insurers require an interim report every 30 days that a claim remains open, although some require it as often as every 15 days.)
A staff adjuster is a: - CORRECT ANSWER -salaried employee working
for only one insurer.
The job of the adjuster can best be described as: - CORRECT
ANSWER-comparing claimant's losses to promises made in an insurance policy.
(Adjusting refers to the process of comparing the losses of a claimant to the promises made by an insurer in an insurance policy.)
An adjuster has a duty to provide which of the following to the claimant? - CORRECT ANSWER -An open line of communication
As a staff adjuster, one of Abigail's most important responsibilities is reporting to the principal. This would include all of the following
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