Property and Casualty Adjuster - Series 204 — Information & Free Practice
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Property and Casualty Adjuster - Series 204
Examination outline
Louisiana Insurance Regulation (23%)
- Licensing requirements (22:1663, 1666, 1668)
- Licensing requirements (22:1663, 1666, 1668) / Types of licenses (22:1665, 1666, 1670)
- Licensing requirements (22:1663, 1666, 1668) / Types of licenses (22:1665, 1666, 1670) / Resident versus nonresident (22:1665, 1670)
- Licensing requirements (22:1663, 1666, 1668) / Types of licenses (22:1665, 1666, 1670) / Limited (22:1666)
- Licensing requirements (22:1663, 1666, 1668) / Maintenance and duration
- Licensing requirements (22:1663, 1666, 1668) / Maintenance and duration / Expiration (22:1671(B)(1))
- Licensing requirements (22:1663, 1666, 1668) / Maintenance and duration / Renewal (22:1671(B)(2))
- Licensing requirements (22:1663, 1666, 1668) / Maintenance and duration / Change of name, address, telephone number (22:1671(C))
- Licensing requirements (22:1663, 1666, 1668) / Maintenance and duration / Assumed names (22:1671(C))
- Licensing requirements (22:1663, 1666, 1668) / Maintenance and duration / Reporting of actions (22:1677)
- Licensing requirements (22:1663, 1666, 1668) / Maintenance and duration / Continuing education requirements (22:1673)
- Licensing requirements (22:1663, 1666, 1668) / Disciplinary actions
- Licensing requirements (22:1663, 1666, 1668) / Disciplinary actions / Hearings (22:1672(B))
- Licensing requirements (22:1663, 1666, 1668) / Disciplinary actions / Cease and desist order (22:1969)
- Licensing requirements (22:1663, 1666, 1668) / Disciplinary actions / License denial, nonrenewal, or revocation (22:1672)
- Licensing requirements (22:1663, 1666, 1668) / Disciplinary actions / Penalties with or without suspension of license (22:1672(A))
- Licensing requirements (22:1663, 1666, 1668) / Definitions
- Licensing requirements (22:1663, 1666, 1668) / Definitions / Adjuster (22:1661(1))
- Licensing requirements (22:1663, 1666, 1668) / Definitions / Business entity (22:1661(2))
- Licensing requirements (22:1663, 1666, 1668) / Definitions / Home state (22:1661(4))
- Licensing requirements (22:1663, 1666, 1668) / Definitions / Individual (22:1661(5))
- Licensing requirements (22:1663, 1666, 1668) / Definitions / Insurer (22:1661(6))
- Licensing requirements (22:1663, 1666, 1668) / Definitions / Person (22:1661(7))
- Licensing requirements (22:1663, 1666, 1668) / Definitions / Uniform individual application (22:1661(8))
- Licensing requirements (22:1663, 1666, 1668) / Definitions / Uniform business entity application (22:1661(9))
- Claim settlement laws and regulations (22:1964(14))
- Claim settlement laws and regulations (22:1964(14)) / Unfair claims settlement practices
- Claim settlement laws and regulations (22:1964(14)) / Prompt payment of claims
- Claim settlement laws and regulations (22:1964(14)) / Notice of settlement of liability claims
- State Regulation
- State Regulation / Commissioner's general duties and powers (22:2, 1967)
- State Regulation / Company regulation
- State Regulation / Referral practices (22:1676)
- State Regulation / Standards of Conduct (22:1674)
- State Regulation / Standards of Conduct (22:1674) / Unlicensed representation (22:1674(A))
- State Regulation / Standards of Conduct (22:1674) / Financial interest (22:1674(B))
- State Regulation / Standards of Conduct (22:1674) / Acquisition of salvage property (22:1674(C))
- State Regulation / Standards of Conduct (22:1674) / Solicitation (22:1674(D),(E))
- State Regulation / Standards of Conduct (22:1674) / Misrepresentation (22:1674(F))
- Louisiana Claim settlement laws and regulations (22:1964(14))
- Louisiana Claim settlement laws and regulations (22:1964(14)) / Unfair claims settlement practices
- Louisiana Claim settlement laws and regulations (22:1964(14)) / Prompt payment of claims
- Louisiana Claim settlement laws and regulations (22:1964(14)) / Notice of settlement of liability claims
Licensing and Regulation (1%)
- Federal Regulation
- Federal Regulation / Fraud and False Statements (18 USC Sections 1033 and 1034)
- Federal Regulation / Privacy (Gramm Leach Bliley)
- Federal Regulation / National Flood Insurance Program
- Federal Regulation / Terrorism Risk Insurance Act
- Federal Regulation / Motor Carrier Act (MCS-90 and others)
Contracts (7%)
- Elements of a Contract
- Elements of a Contract / Consideration
- Elements of a Contract / Competent Parties
- Elements of a Contract / Legal Purpose
- Elements of a Contract / Offer
- Elements of a Contract / Acceptance
- Distinct characteristics of an insurance contract
- Distinct characteristics of an insurance contract / Contract of adhesion
- Distinct characteristics of an insurance contract / Aleatory contract
- Distinct characteristics of an insurance contract / Personal contract
- Distinct characteristics of an insurance contract / Unilateral contract
- Distinct characteristics of an insurance contract / Conditional contract
- Legal Interpretations Affecting Contracts
- Legal Interpretations Affecting Contracts / Reasonable Expectations
- Legal Interpretations Affecting Contracts / Indemnity
- Legal Interpretations Affecting Contracts / Good Faith
- Legal Interpretations Affecting Contracts / Fraud
- Legal Interpretations Affecting Contracts / Warranties, Representations, Misrepresentations, and Concealment
Property and Casualty Insurance Basics (9%)
- Insurable Interest
- Liability
- Liability / Absolute
- Liability / Strict
- Liability / Vicarious
- Types of Hazards
- Types of Perils
- Types of Perils / Named
- Types of Perils / Special
- Types of Loss
- Types of Loss / Direct
- Types of Loss / Indirect
- Loss Valuation
- Loss Valuation / Actual Cash Value
- Loss Valuation / Replacement Cost
- Loss Valuation / Functional Replacement Cost
- Loss Valuation / Market Value
- Loss Valuation / Agreed Value
- Loss Valuation / Valued Policy
- Negligence
- Negligence / Torts
- Negligence / Elements of a Negligent Act
- Negligence / Defense Against Negligence
- Accident versus Occurrence
- Policy Structure
- Policy Structure / Declarations
- Policy Structure / Definitions
- Policy Structure / Insuring Agreement
- Policy Structure / Supplementary Coverage
- Policy Structure / Conditions
- Policy Structure / Exclusions
- Policy Structure / Endorsements
- Policy Conditions
- Policy Conditions / Insureds
- Policy Conditions / Policy Period
- Policy Conditions / Policy Territory
- Policy Conditions / Cancellation and Non-Renewal
- Policy Conditions / Deductibles
- Policy Conditions / Other Insurance (e.g. Primary and Excess, Pro Rata, Nonconcurrency, Contribution by Equal Shares)
- Limits of Liability
- Limits of Liability / Per Accident
- Limits of Liability / Per Occurrence
- Limits of Liability / Per Person
- Limits of Liability / Aggregate
- Limits of Liability / Split
- Limits of Liability / Combined Single Limit
- Coinsurance
- Coinsurance / Purpose
- Coinsurance / Definition
- Coinsurance / Calculation
- Coinsurance / Penalties
- Coinsurance / Total versus Partial Loss
- Specific, Scheduled, and Blanket Insurance
- Vacant versus Unoccupied
- Named Insured Provisions
- Named Insured Provisions / First Named Insured versus Other Insureds
- Named Insured Provisions / Duties After Loss
- Named Insured Provisions / Assignment
- Named Insured Provisions / Waiver of Rights
- Insurer Provisions
- Insurer Provisions / Liberalization
- Insurer Provisions / Subrogation
- Insurer Provisions / Claim Settlement Options
- Insurer Provisions / Duty to Defend
- Third-Party Provisions
- Third-Party Provisions / Standard Mortgage Clause
- Third-Party Provisions / Loss Payable Clause
- Third-Party Provisions / No Benefit to the Bailee
- Louisiana laws, regulations and required provisions
- Louisiana laws, regulations and required provisions / Louisiana Valued Policy Law (22:1318)
- Louisiana laws, regulations and required provisions / Louisiana standard fire insurance policy (22:1311)
Dwelling Policy Concepts (7%)
- Dwelling Policy
- Dwelling Policy / Characteristics
- Dwelling Policy / Eligibility
- Dwelling Policy / Purpose
- Dwelling Policy / Policy Definitions
- Coverage Forms Specifying Perils Insured Against
- Coverage Forms Specifying Perils Insured Against / DP-1 Basic
- Coverage Forms Specifying Perils Insured Against / DP-2 Broad
- Coverage Forms Specifying Perils Insured Against / DP-3 Special
- Property Coverages
- Property Coverages / Dwelling
- Property Coverages / Other Structures
- Property Coverages / Personal Property
- Property Coverages / Fair Rental Value
- Property Coverages / Additional Living Expense
- Dwelling Policy Exclusions
- Dwelling Policy Conditions
- Dwelling Policy Endorsements
- Dwelling Policy Endorsements / Automatic Increase in Insurance
- Dwelling Policy Endorsements / Dwelling Under Construction
- Dwelling Policy Endorsements / Theft Coverage
- Dwelling Policy Endorsements / Personal Liability Supplement
Homeowners Policy Concepts (8%)
- Homeowners Policy
- Homeowners Policy / Characteristics
- Homeowners Policy / Eligibility
- Homeowners Policy / Purpose
- Homeowners Policy / Policy Definitions
- Perils Insured Against
- Perils Insured Against / Basic
- Perils Insured Against / Broad
- Perils Insured Against / Special
- Homeowners Policy Coverage Forms
- Homeowners Policy Coverage Forms / Broad (HO-2)
- Homeowners Policy Coverage Forms / Special (HO-3)
- Homeowners Policy Coverage Forms / Contents Broad (HO-4)
- Homeowners Policy Coverage Forms / Unit-Owners (HO-6)
- Homeowners Policy Coverage Forms / Modified Coverages (HO-8)
- Property Coverages
- Property Coverages / Dwelling
- Property Coverages / Other Structures
- Property Coverages / Personal Property
- Property Coverages / Loss of Use
- Property Coverages / Additional Coverages
- Liability Coverages
- Liability Coverages / Personal Liability
- Liability Coverages / Medical Payments to Others
- Homeowners Policy Exclusions
- Homeowners Policy Conditions
- Homeowners Policy Endorsements
- Homeowners Policy Endorsements / Business Pursuits
- Homeowners Policy Endorsements / Earthquake
- Homeowners Policy Endorsements / Home Day Care
- Homeowners Policy Endorsements / Personal Injury
- Homeowners Policy Endorsements / Personal Property Replacement Cost
- Homeowners Policy Endorsements / Watercraft
- Homeowners Policy Endorsements / Identity Theft
- Homeowners Policy Endorsements / Hurricane
- Scheduled Personal Property/Personal Articles Floater
Commercial Property Policies (7%)
- Commercial Package Policy
- Commercial Package Policy / Purpose
- Commercial Package Policy / Definition
- Commercial Package Policy / Coverage Parts
- Commercial Policy Components
- Commercial Policy Components / Declarations
- Commercial Policy Components / Conditions
- Commercial Policy Components / Insuring Agreements
- Commercial Policy Components / Exclusions
- Commercial Policy Components / Interline Endorsements
- Commercial Property Forms
- Commercial Property Forms / Coverage Forms for Building and Business Personal Property (CP-10)
- Commercial Property Forms / Builders Risk (CP-20)
- Commercial Property Forms / Business Income (CP-15)
- Commercial Property Forms / Extra Expense (CP-30)
- Commercial Property Forms / Legal Liability (CP-40)
- Commercial Property Forms / Cause of Loss Forms (CP-1030)
- Commercial Property Endorsements
- Commercial Property Endorsements / Ordinance or Law
- Commercial Property Endorsements / Peak Season Limit of Insurance
- Commercial Property Endorsements / Spoilage
- Commercial Property Endorsements / Value Reporting Form
- Commercial Property Endorsements / Earthquake
- Commercial Inland Marine
- Commercial Inland Marine / Definitions
- Commercial Inland Marine / Conditions and Exclusions
- Commercial Inland Marine / Coverages (e.g. Transportation, Contractor's Floater, Equipment)
- Equipment Breakdown Coverages
- Farm Property
- Farm Property / Definitions
- Farm Property / Conditions and Exclusions
- Farm Property / Coverages
Personal Automobile Policy (5%)
- Personal Automobile Policy
- Personal Automobile Policy / Definitions
- Personal Automobile Policy / General Provisions
- Personal Automobile Policy / Conditions
- Personal Automobile Policy / Duties After an Accident
- Personal Automobile Policy / Endorsements
- Personal Automobile Policy / Endorsements / Amendment of Policy Provisions — Louisiana (PP 01 95) 02/12
- Personal Automobile Policy / Endorsements / Extended Non-Owned Coverage (PP 03 06) 01/05
- Personal Automobile Policy / Endorsements / Miscellaneous Type Vehicle (PP 03 23) 01/05
- Personal Automobile Policy / Endorsements / Joint Ownership Coverage (PP 03 34) 01/05
- Personal Automobile Policy / Endorsements / Named Driver Exclusion — Louisiana (PP 13 43) 09/06
- Personal Automobile Policy Liability
- Personal Automobile Policy Liability / Bodily Injury and Property Damage
- Personal Automobile Policy Liability / Supplementary Payments
- Personal Automobile Policy Liability / Persons Insured
- Personal Automobile Policy Liability / Exclusions
- Expenses for Medical Services
- Uninsured/Underinsured Motorist Coverage
- Physical Damage
Commercial Automobile Policy (5%)
- Commercial Automobile Policy
- Commercial Automobile Policy / Definitions
- Commercial Automobile Policy / Provisions and Conditions
- Commercial Automobile Policy / Duties After an Accident
- Commercial Automobile Policy / Endorsements
- Commercial Automobile Policy Liability
- Commercial Automobile Policy Liability / Bodily Injury and Property Damage
- Commercial Automobile Policy Liability / Supplementary Payments
- Commercial Automobile Policy Liability / Persons Insured
- Commercial Automobile Policy Liability / Exclusions
- Physical Damage
- Other Commercial Automobile forms (e.g., Motor Carrier, Auto Dealers)
Commercial General Liability (8%)
- Commercial Policy Components
- Commercial Policy Components / Declarations
- Commercial Policy Components / Conditions
- Commercial Policy Components / Interline Endorsements
- Commercial General Liability Coverages
- Commercial General Liability Coverages / Bodily Injury and Property Damage
- Commercial General Liability Coverages / Personal and Advertising Injury
- Commercial General Liability Coverages / Medical Payments
- Commercial General Liability Coverages / Fire Damage
- Commercial General Liability Coverages / Supplementary Payments
- Elements of Commercial General Liability
- Elements of Commercial General Liability / Conditions
- Elements of Commercial General Liability / Definitions
- Elements of Commercial General Liability / Exclusions
- Occurrence versus Claims-Made
- Claims-Made Features
- Claims-Made Features / Trigger
- Claims-Made Features / Retroactive Date
- Claims-Made Features / Prior Acts
- Claims-Made Features / Extended Reporting Periods
- Claims-Made Features / Claim Information
- Commercial General Liability Exposures
- Commercial General Liability Exposures / Premises and Operations
- Commercial General Liability Exposures / Products and Completed Operations
- Commercial General Liability Exposures / Contractual Liability
Other Types of Insurance Policies (3%)
- Purpose and general characteristics of Umbrella Policy
- Purpose and general characteristics of Businessowners Policy (BOP)
- Farmowners/Ranchowners Policy
- Mobile Home Policy
- Louisiana Citizens Property Insurance Corporation (LRS 22:2291–2314)
- FAIR and Coastal Plans (LRS 22:2321)
- Other Coverages (e.g, Maritime, Railroad, Airplanes)
Adjustment Process (17%)
- Role of the Adjuster
- Role of the Adjuster / Duties and Responsibilities (22:1706)
- Role of the Adjuster / Staff and Independent Adjuster Versus Public Adjuster
- Role of the Adjuster / Relationship to the Legal Profession
- Claim Notification Process
- Claim Notification Process / Date of Loss
- Claim Notification Process / Location
- Claim Notification Process / Parties Involved
- Claim Notification Process / Type of Loss (e.g. Liability, Property)
- Investigation and Evaluation of Loss/Claim Information
- Investigation and Evaluation of Loss/Claim Information / Determination of Applicable Coverage
- Investigation and Evaluation of Loss/Claim Information / Inquiry into Relevant Information
- Investigation and Evaluation of Loss/Claim Information / Purpose of Loss Reserves
- Remedies for Disputes
- Remedies for Disputes / Appraisal
- Remedies for Disputes / Mediation
- Remedies for Disputes / Arbitration
- Remedies for Disputes / Litigation
- Finalization of Claim
- Finalization of Claim / Denial
- Finalization of Claim / Settlement
- Finalization of Claim / Closing Claim
Examination sources
- PSI Louisiana Series 204 examination content outline
Published outline footer — effective date
- PSI Louisiana Series 204 examination content outline
Published outline section — Louisiana Insurance Regulation
- PSI Louisiana Series 204 examination content outline
Published outline section — Licensing and Regulation
- PSI Louisiana Series 204 examination content outline
Published outline section — Contracts
- PSI Louisiana Series 204 examination content outline
Published outline section — Property and Casualty Insurance Basics
- PSI Louisiana Series 204 examination content outline
Published outline section — Dwelling Policy Concepts
- PSI Louisiana Series 204 examination content outline
Published outline section — Homeowners Policy Concepts
- PSI Louisiana Series 204 examination content outline
Published outline section — Commercial Property Policies
- PSI Louisiana Series 204 examination content outline
Published outline section — Personal Automobile Policy
- PSI Louisiana Series 204 examination content outline
Published outline section — Commercial Automobile Policy
- PSI Louisiana Series 204 examination content outline
Published outline section — Commercial General Liability
- PSI Louisiana Series 204 examination content outline
Published outline section — Other Types of Insurance Policies
- PSI Louisiana Series 204 examination content outline
Published outline section — Adjustment Process
- PSI Louisiana Series 204 examination content outline
Page 1, question count, minimum passing score and time allowed table — numeric row
- PSI Louisiana Licensing Examinations Candidate Information Bulletin
Page 6, Taking the Examination by Computer
- Louisiana R.S. 22:1668
R.S. 22:1668(A), written licensing examination
- PSI Louisiana Licensing Examinations Candidate Information Bulletin
Page 7, Examination Content Outlines — PROPERTY AND CASUALTY ADJUSTER — SERIES 204
- PSI Louisiana Licensing Examinations Candidate Information Bulletin
Page 2, select one examination before account registration