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ILLINOIS PUBLIC ADJUSTER EXAM
VERSION 2 NEWEST 2025/2026 COMPLETE
100 QUESTIONS AND CORRECT ANSWERS
(VERIFIED ANSWERS ) |ALREADY GRADED
A+||BRAND NEW VERSION!!
Which of the following best describes a moral hazard - ANSWER-An Insured.. carelessness and reckless attitude increases the risk of loss
While applying for a home owners insurance, a prospect lied about the size of his home, the number of relatives living there and his prior lost history. What violation has he committed - ANSWER-Misrepresentation
When originally applying for the policy a homeowners insurance policy stated that no business operations took place at the residence. While investigating a claim for windstorm damage, the insured discovered that the insured had been manufacturing dynamite in the house. The insurer will most likely - ANSWER-Void the policy
Who are the following does NOT have an insurable interest? - ANSWER- An occupant of someone else's building 1 / 3
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Property insurance covers what kind of losses? - ANSWER-Direct and indirect loss
What is a direct loss - ANSWER-Damage by Peril insured against ...
Which is true about special form coverage in property insurance - ANSWER-It covers all perils not specifically excluded
Special form coverage would not cover which of the following - ANSWER-Freezing of pipes when the power was left on doing a blizzard
Concurrent causation is when... - ANSWER-Two or more perils act to cause a direct loss
Which of the following is not a duty of the insured in the event of the loss - ANSWER-Determine if the agent is still appointed with the insurance company
Which is true about a proof of loss - ANSWER-It is required to be completed by the insured....
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Which of the following is not a duty of the insured in the event of loss in a commercial property policy - ANSWER-File a lawsuit against any person suspected of arson or intentional loss
Insurance policies or concurrent when? - ANSWER-They contain the same coverage
An insured may not - ANSWER-Abandon property to the insurance company
When is Abandonment of insured property by the insured is allowed - ANSWER-Never
Which term below is included in a property policy as a method of resolving a dispute over the amount of loss? - ANSWER-Appraisal
Under the appraisal condition, who decides the amount of loss? - ANSWER-Any two of the following; the umpire and appraisals
Which of the following happens in a bailment situation - ANSWER- Transfer of possession
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