OpenExamsFREE PRACTICE — ANY EXAM

Independent Adjuster — Information & Free Practice

US-IA · Examination information

134 free questions · Answer explanations · No signup required

Start free practice →

Independent Adjuster

Provider
Pearson VUE
Format
Written examination
Exam questions
50 scoreable questions
Time limit
1 hour
Exam fee
$44
Examination outline
  • GENERAL PROPERTY INSURANCE PRODUCT KNOWLEDGE PERTINENT TO INDEPENDENT ADJUSTERS
    • A. Standard Fire Policy
    • A. Standard Fire Policy > 1. Basic coverages, provisions, and clauses
    • A. Standard Fire Policy > 2. Limitations and restrictions
    • B. Personal lines
    • B. Personal lines > 1. Dwelling and contents (DP forms)
    • B. Personal lines > 2. Homeowners (HO forms)
    • C. Commercial lines
    • C. Commercial lines > 1. Commercial property
    • C. Commercial lines > 1. Commercial property > a. Commercial building and personal property form
    • C. Commercial lines > 1. Commercial property > b. Business income
    • C. Commercial lines > 2. Law and Ordinance Coverage
    • D. Inland marine
    • D. Inland marine > 1. Personal floaters
    • D. Inland marine > 2. Commercial floaters
    • E. Others
    • E. Others > 1. National Flood Insurance Program
    • F. Additional Coverages and Exclusions
    • F. Additional Coverages and Exclusions > 1. Time Element
    • F. Additional Coverages and Exclusions > 2. Valuable Papers and Records
    • G. Crime
    • G. Crime > 1. Employee Theft
    • G. Crime > 2. Inside the Premises-Theft of Money and Securities
    • G. Crime > 3. Inside the Premises-Robbery or Safe Burglary of Other Property
    • H. Surety Bonding
    • H. Surety Bonding > 1. Definitions
    • H. Surety Bonding > 1. Definitions > a. Obligee
    • H. Surety Bonding > 1. Definitions > b. Principal
    • H. Surety Bonding > 1. Definitions > c. Surety
  • PROPERTY POLICY PROVISIONS AND CONTRACT LAW
    • A. Declarations
    • B. Exclusions
    • C. Definition of the insured
    • D. Proof of loss
    • E. Notice of claim
    • F. Appraisal
    • G. Subrogation
    • H. Limitations
    • I. Coinsurance
    • J. Fraud
  • PROPERTY INSURANCE TERMS AND RELATED CONCEPTS
    • A. Insurable interest
    • B. Risk
    • C. Hazard
    • C. Hazard > 1. Moral
    • D. Loss
    • D. Loss > 1. Direct
    • D. Loss > 2. Indirect
    • E. Deductible
    • F. Indemnity
    • G. Replacement cost
    • H. Extensions of coverage
    • I. Negligence
    • J. Theft
    • K. Burglary
    • L. Robbery
    • M. Binders
    • N. Apportionment clause
    • O. Waiver/Non-Waiver Agreement
    • P. Estoppel
  • INDEPENDENT ADJUSTER
    • A. Loss Report
    • A. Loss Report > 1. Essential Elements
    • A. Loss Report > 1. Essential Elements > a. Occurrence Date
    • A. Loss Report > 1. Essential Elements > b. Coverages
    • B. Loss/Damage Valuation
    • B. Loss/Damage Valuation > 1. Damages
    • B. Loss/Damage Valuation > 2. Scope of Loss or Damages
  • INSURANCE TERMS PERTINENT TO IOWA
    • A. Amount of loss
    • B. Catastrophic disaster
    • C. Claimant
    • D. First party claim
    • E. Independent adjuster
    • F. Public adjuster
    • G. Staff adjuster
  • IOWA STATUTES, REGULATIONS, AND BULLETINS PERTINENT TO INDEPENDENT ADJUSTERS
    • A. Authority of the commissioner
    • B. Licensing
    • B. Licensing > 1. License required
    • B. Licensing > 2. Application for license
    • B. Licensing > 2. Application for license > a. Individual applicants
    • B. Licensing > 2. Application for license > b. Nonresident
    • B. Licensing > 2. Application for license > c. Business entities
    • B. Licensing > 2. Application for license > d. Business entity license resident/nonresident
    • B. Licensing > 2. Application for license > e. Fees
    • B. Licensing > 2. Application for license > f. Financial responsibility
    • B. Licensing > 2. Application for license > g. Examination
    • B. Licensing > 2. Application for license > h. Exemptions
    • B. Licensing > 3. License denial, nonrenewal, or revocation
    • B. Licensing > 3. License denial, nonrenewal, or revocation > a. Untrue information on the application
    • B. Licensing > 3. License denial, nonrenewal, or revocation > b. Violation of insurance laws
    • B. Licensing > 3. License denial, nonrenewal, or revocation > c. Withheld or misappropriated funds
    • B. Licensing > 3. License denial, nonrenewal, or revocation > d. Conviction of a felony
    • B. Licensing > 3. License denial, nonrenewal, or revocation > e. Use of fraudulent of coercive acts
    • B. Licensing > 3. License denial, nonrenewal, or revocation > f. License revocation in this state or other states
    • B. Licensing > 3. License denial, nonrenewal, or revocation > g. Failure to pay child support or state debt
    • B. Licensing > 4. Reinstatement unrelated to disciplinary action
    • B. Licensing > 5. Reinstatement or reissuance after disciplinary action
    • B. Licensing > 5. Reinstatement or reissuance after disciplinary action > a. Definitions
    • B. Licensing > 5. Reinstatement or reissuance after disciplinary action > b. Application process
    • B. Licensing > 5. Reinstatement or reissuance after disciplinary action > c. Voluntary forfeiture
    • B. Licensing > 5. Reinstatement or reissuance after disciplinary action > d. Additional action
    • B. Licensing > 6. Criminal and civil penalties
    • B. Licensing > 6. Criminal and civil penalties > a. Hearing proceedings and findings
    • B. Licensing > 6. Criminal and civil penalties > b. Adjuster acting without proper licensure
    • B. Licensing > 6. Criminal and civil penalties > c. Contract used by unlicensed persons will be void
    • C. Adjusters Standards of Conduct
    • C. Adjusters Standards of Conduct > 1. Act in loyalty to interest of insured
    • C. Adjusters Standards of Conduct > 2. No contact first 72 hours after catastrophic event
    • C. Adjusters Standards of Conduct > 3. No solicitation hours
    • C. Adjusters Standards of Conduct > 4. License required to conduct insurance business
    • C. Adjusters Standards of Conduct > 5. Adjusters shall not have financial interest
    • C. Adjusters Standards of Conduct > 6. Adjusters shall not act as public adjuster and independent adjuster on same claim
    • C. Adjusters Standards of Conduct > 7. Adjusters shall not have a conflict of interest
    • C. Adjusters Standards of Conduct > 8. Have no direct or indirect financial interest
    • D. Adjuster records
Examination sources