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Free NV Property and Casualty Adjuster Practice Questions

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Sample Practice Questions

Try these 10 sample questions from the NV Property and Casualty Adjuster practice bank. Each includes the answer and explanation. Continue with the interactive practice above to review the full question set.

  1. 1A fire damages machinery covered by the outline-referenced New York standard fire policy. The insured wants the insurer to take the machinery as abandoned property. What does the policy permit?

    1. A. Abandonment after the insured files a written loss notice.
    2. B. Abandonment after the insurer receives sworn proof of loss.
    3. C. No abandonment of the damaged property to the insurer.
    4. D. Abandonment after appraisers determine the amount of loss.

    Answer: C

    Explanation: The standard form states, "There can be no abandonment to this Company of any property." The insured cannot transfer the damaged machinery to the insurer by abandonment.

    Reference: New York Insurance Law § 3404, Standard Fire Policy — Insurance Law § 3404(e), second page, Abandonment

  2. 2An adjuster needs to verify the named insured, the policy dates, and the applicable limit before evaluating an auto claim. Which policy part normally lists these facts?

    1. A. The declarations page
    2. B. The conditions section
    3. C. The exclusions section
    4. D. The definitions section

    Answer: A

    Explanation: NAIC says the declarations page provides "the policy term, coverage limits, and information about the insured." It is the starting point for those claim-specific facts; the other sections perform different functions.

    Reference: NAIC Consumer Guide to Auto Insurance — Auto Insurance, Declarations Page

  3. 3A vacant building is insured under the outline-referenced New York standard fire policy with no written modification of its vacancy condition. Which consecutive-day threshold must be exceeded before that condition restricts a loss during vacancy?

    1. A. 30 days
    2. B. 120 days
    3. C. 60 days
    4. D. 90 days

    Answer: C

    Explanation: The form restricts coverage while the building is vacant or unoccupied "beyond a period of sixty consecutive days." Thus the restriction begins after that 60-day threshold.

    Reference: New York Insurance Law § 3404, Standard Fire Policy — Insurance Law § 3404(e), Conditions suspending or restricting insurance

  4. 4A driver causes a crash that injures a pedestrian. The pedestrian seeks medical costs and lost wages from the driver's auto insurer. Which coverage addresses that third-party injury claim?

    1. A. Bodily injury liability coverage
    2. B. Property damage liability coverage
    3. C. Collision physical damage coverage
    4. D. Comprehensive physical damage coverage

    Answer: A

    Explanation: NAIC says bodily-injury liability "protects you against the claims of other people who are injured in an accident for which you were at fault." The pedestrian is an injured third party; the other coverages address property.

    Reference: NAIC Consumer Guide to Auto Insurance — Auto Insurance, Liability, Bodily injury

  5. 5The Nevada Commissioner of Insurance delegates an official duty to an examiner. How is the examiner's authorized act treated?

    1. A. As an advisory act requiring later ratification
    2. B. As an official act of the Commissioner
    3. C. As an act of the examined insurer
    4. D. As an act of the Attorney General

    Answer: B

    Explanation: NRS 679B.110 states that the act "shall be deemed an official act of the Commissioner." Because the examiner acted with delegated authority, the act is treated as the Commissioner's official act.

    Reference: NRS: CHAPTER 679B - COMMISSIONER OF INSURANCE — NRS 679B.110(2)

  6. 6Replacing damaged equipment with like property would cost $12,000, and the adjuster estimates $3,000 depreciation. Under ordinary actual cash value treatment, what is its value before any deductible?

    1. A. $12,000
    2. B. $9,000
    3. C. $15,000
    4. D. $3,000

    Answer: B

    Explanation: The NAIC says ACV "in most cases it is replacement cost minus depreciation." Subtracting $3,000 from $12,000 gives $9,000; the other amounts ignore, add, or substitute depreciation.

    Reference: NAIC Glossary of Insurance Terms — Glossary, Actual Cash Value

  7. 7A claimant reports damage that may have arisen from a covered peril. Before applying an exclusion, which part of the policy states the risks the insurer initially agrees to cover?

    1. A. The proof-of-loss provision
    2. B. The insuring agreement
    3. C. The appraisal condition
    4. D. The premium schedule

    Answer: B

    Explanation: NAIC describes the insuring agreement as "a broad statement listing the perils and risks covered under the contract." It establishes the initial coverage grant; the other provisions address different matters.

    Reference: NAIC Consumer Guide to Auto Insurance — Auto Insurance, Insuring Agreement

  8. 8Under the New York standard fire policy, a fire loss occurs and the insurer has not granted a written extension. What is the latest deadline for the insured's signed, sworn proof of loss?

    1. A. 20 days after the loss
    2. B. 30 days after the loss
    3. C. 60 days after the loss
    4. D. 90 days after the loss

    Answer: C

    Explanation: The policy requires proof "within sixty days after the loss, unless such time is extended in writing." The sworn proof is due within 60 days here.

    Reference: New York Insurance Law § 3404, Standard Fire Policy — Insurance Law § 3404(e), Requirements in case loss occurs

  9. 9A parked insured car is damaged by hail rather than by striking another object. Which physical-damage coverage normally addresses that cause?

    1. A. Collision physical-damage coverage
    2. B. Comprehensive physical-damage coverage
    3. C. Property-damage liability coverage
    4. D. Uninsured-motorist property coverage

    Answer: B

    Explanation: NAIC lists comprehensive loss causes "including fire, severe weather, vandalism, floods and theft," whereas collision requires impact. Hail is severe weather; the other named auto coverages address different causes or claimants.

    Reference: NAIC Consumer Guide to Auto Insurance — Auto Insurance, Property Damage, Comprehensive coverage

  10. 10Which person is within the statutory group to whom Nevada's Insurance Commissioner may delegate a power or duty?

    1. A. A deputy of the Commissioner
    2. B. An officer of an authorized insurer
    3. C. A licensed public adjuster
    4. D. A policyholder's attorney

    Answer: A

    Explanation: NRS 679B.110 says the Commissioner "may delegate to his or her deputy, examiner or an employee of the Division." A deputy is therefore within the authorized group.

    Reference: NRS: CHAPTER 679B - COMMISSIONER OF INSURANCE — NRS 679B.110(1)

Topics in this practice bank

These topics describe the available practice for NV Property and Casualty Adjuster. Review the examination outline and its sources for scope and allocation details.

  • I. PROPERTY AND CASUALTY INSURANCE TERMS AND RELATED CONCEPTS (20 scoreable questions)
    • A. Abandonment
    • B. Accident
    • C. Actual cash value
    • D. Additional coverages
    • E. Appraisal
    • F. Binders
    • G. Burglary
    • H. Deductible
    • I. Depreciation
    • J. Earnings
    • K. Estimating
    • L. Estoppel
    • M. Extensions of coverage
    • N. Hazard
    • N. Hazard > 1. Moral
    • N. Hazard > 2. Morale
    • O. Indemnity
    • P. Insurance
    • Q. Insurable interest
    • R. Liability
    • S. Limits of liability
    • T. Loss
    • T. Loss > 1. Direct
    • T. Loss > 2. Indirect
    • U. Mysterious disappearance
    • V. Negligence
    • V. Negligence > 1. Comparative vs. Modified Comparative
    • V. Negligence > 2. Contributory
    • V. Negligence > 3. Elements of Negligence/Torts
    • V. Negligence > 3. Elements of Negligence/Torts > a. Proximate Cause
    • V. Negligence > 3. Elements of Negligence/Torts > b. Foreseeability
    • W. Obsolescence
    • X. Occurrence
    • Y. Pair and set clause
    • Z. Peril
    • AA.Proximate cause
    • BB.Replacement cost
    • CC.Right of salvage
    • DD.Risk
    • EE. Robbery
    • FF. Tariff Liability
    • GG. Theft
    • H.H. Vacancy and unoccupancy
    • II. Value Policy
    • JJ. Voiding and suspension of policy: differences
    • KK. Waiver/Non-Waiver Agreement
  • II. PROPERTY AND CASUALTY POLICY PROVISIONS AND CONTRACT LAW (20 scoreable questions)
    • A. Additional (supplementary) payments
    • B. Apportionment clause
    • C. Appraisal
    • D. Arbitration
    • E. Assignment
    • F. Cancellation and Nonrenewal provisions
    • G. Claims Made policy form
    • H. Coinsurance
    • I. Concealment
    • J. Conditions
    • K. Declarations
    • L. Definition of the insured
    • M. Duties of the insured after a loss
    • N. Elements of a contract
    • O. Endorsements
    • P. Exclusions
    • Q. Fair Credit Reporting Act (Compliance)
    • R. Insuring agreement
    • S. Limitations
    • T. Loss settlement provisions including consent to settle a loss
    • U. Mortgagee rights
    • V. Nonconcurrency
    • W. Notice of claim
    • X. Obligations of the insurance company
    • Y. Other Insurance provision
    • Z. Proof of loss
    • AA. Representations and misrepresentations
    • BB. Salvage
    • CC. Sources of underwriting information
    • DD. Statute of limitations
    • EE. Subrogation
    • FF. Voiding and suspension of policies
    • GG. Warranties
    • HH. Bodily injury liability
    • II. Deposit premium/audit
    • JJ. Personal injury liability
    • KK. Property damage liability
  • III. GENERAL PROPERTY INSURANCE PRODUCT KNOWLEDGE PERTINENT TO ADJUSTERS (20 scoreable questions)
    • A. Standard Fire Policy
    • A. Standard Fire Policy > 1. Basic coverages, provisions, and clauses
    • A. Standard Fire Policy > 2. Limitations, restrictions and exclusions
    • A. Standard Fire Policy > 3. Proof of Loss
    • A. Standard Fire Policy > 3. Proof of Loss > a. Periods of Limitation Tolled
    • A. Standard Fire Policy > 4. Loss requirements and inventories
    • A. Standard Fire Policy > 4. Loss requirements and inventories > a. Taxes and Demolition Expenses
    • A. Standard Fire Policy > 5. Appraisal
    • A. Standard Fire Policy > 6. Duties of the insured/insurer
    • A. Standard Fire Policy > 7. Cancellation
    • A. Standard Fire Policy > 8. Additional coverages
    • A. Standard Fire Policy > 9. Replacement costs
    • A. Standard Fire Policy > 10. Actual cash value
    • A. Standard Fire Policy > 11. Assignment
    • A. Standard Fire Policy > 12. Claims payment
    • B. Personal lines
    • B. Personal lines > 1. Dwelling and contents (DP forms)
    • B. Personal lines > 2. Personal liability
    • B. Personal lines > 3. Homeowners and forms/coverages
    • B. Personal lines > 3. Homeowners and forms/coverages > a. Policy provisions
    • B. Personal lines > 3. Homeowners and forms/coverages > b. Replacement costs
    • B. Personal lines > 3. Homeowners and forms/coverages > c. Appraisal
    • B. Personal lines > 3. Homeowners and forms/coverages > d. Optional provisions
    • B. Personal lines > 3. Homeowners and forms/coverages > e. Special limits of liability
    • B. Personal lines > 3. Homeowners and forms/coverages > f. Proof of Loss
    • B. Personal lines > 3. Homeowners and forms/coverages > g. Exclusions
    • B. Personal lines > 4. Mobile Homes
    • 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. Causes of loss forms
    • C. Commercial lines > 1. Commercial property > c. Business income
    • C. Commercial lines > 1. Commercial property > d. Extra expense
    • C. Commercial lines > 2. Commercial Package Policy (CPP)
    • C. Commercial lines > 3. Equipment Breakdown Coverage
    • C. Commercial lines > 4. Businessowners Policy (BOP)
    • C. Commercial lines > 5. Commercial and Special Multi-peril
    • C. Commercial lines > 6. Builder’s Risk
    • D. Inland marine
    • D. Inland marine > 1. Nationwide Definition
    • D. Inland marine > 2. Policies
    • D. Inland marine > 2. Policies > a. Personal floaters
    • D. Inland marine > 2. Policies > b. Commercial floaters
    • D. Inland marine > 2. Policies > c. Commercial inland marine
    • E. Others
    • E. Others > 1. Flood
    • E. Others > 2. Personal Watercraft
    • E. Others > 3. Commercial Ocean Marine
    • E. Others > 4. Earthquake
  • IV. GENERAL CASUALTY INSURANCE PRODUCT KNOWLEDGE PERTINENT TO ADJUSTERS (20 scoreable questions)
    • A. Automotive: Personal auto and Business auto
    • A. Automotive: Personal auto and Business auto > 1. Liability
    • A. Automotive: Personal auto and Business auto > 2. Medical Payments
    • A. Automotive: Personal auto and Business auto > 3. Physical damage (collision and other than collision/comprehensive)
    • A. Automotive: Personal auto and Business auto > 4. Uninsured motorists
    • A. Automotive: Personal auto and Business auto > 5. Underinsured motorists
    • A. Automotive: Personal auto and Business auto > 6 Who is an insured
    • A. Automotive: Personal auto and Business auto > 7.Types of auto
    • A. Automotive: Personal auto and Business auto > 7.Types of auto > a. Owned
    • A. Automotive: Personal auto and Business auto > 7.Types of auto > b Non-owned
    • A. Automotive: Personal auto and Business auto > 7.Types of auto > c. Hired
    • A. Automotive: Personal auto and Business auto > 7.Types of auto > d. Temporary Substitute
    • A. Automotive: Personal auto and Business auto > 8. Garage coverage form
    • A. Automotive: Personal auto and Business auto > 8. Garage coverage form > a. Standard coverages
    • A. Automotive: Personal auto and Business auto > 8. Garage coverage form > a. Standard coverages > (1) Liability
    • A. Automotive: Personal auto and Business auto > 8. Garage coverage form > a. Standard coverages > (2) Garagekeepers
    • A. Automotive: Personal auto and Business auto > 8. Garage coverage form > a. Standard coverages > (3) Physical damage
    • A. Automotive: Personal auto and Business auto > 8. Garage coverage form > b. Garagekeepers options
    • A. Automotive: Personal auto and Business auto > 9. Truckers coverage form
    • B. Additional Coverages and Exclusions
    • B. Additional Coverages and Exclusions > 1. Business Interruption
    • B. Additional Coverages and Exclusions > 2. Time Element
    • B. Additional Coverages and Exclusions > 3. Law and Ordinance exclusion
    • B. Additional Coverages and Exclusions > 4. Law and Ordinance coverage
    • B. Additional Coverages and Exclusions > 5. Valuable Papers and Records
    • B. Additional Coverages and Exclusions > 6. Vandalism and Malicious Mischief
    • B. Additional Coverages and Exclusions > 7. Broad Form
    • C. Crime
    • C. Crime > 1. Employee Theft
    • C. Crime > 2. Inside the Premises-Theft of Money and Securities
    • C. Crime > 3. Inside the Premises-Robbery or Safe Burglary of Other Property
    • C. Crime > 4. Inside the Premises - Robbery or Burglary of Other Property
    • C. Crime > 5. Definitions
    • C. Crime > 5. Definitions > a. Custodian
    • C. Crime > 5. Definitions > b. Messenger
    • C. Crime > 5. Definitions > c. Guard or watchperson
    • D. Surety Bonding
    • D. Surety Bonding > 1. Definitions
    • D. Surety Bonding > 1. Definitions > a. Obligee
    • D. Surety Bonding > 1. Definitions > b. Principal
    • D. Surety Bonding > 1. Definitions > c. Surety
    • D. Surety Bonding > 2. Types
    • D. Surety Bonding > 2. Types > a. Performance
    • E. Professional liability
    • E. Professional liability > 1. Errors and Omissions
    • E. Professional liability > 2. Directors and Officers
    • F. Umbrella/Excess liability
  • V. NEVADA STATUTES, RULES, AND REGULATIONS PERTINENT TO ADJUSTERS (10 scoreable questions)
    • A. Insurance Commissioner
    • A. Insurance Commissioner > 1. General powers and duties
    • A. Insurance Commissioner > 2. Examinations
    • A. Insurance Commissioner > 3. Notice and hearings
    • B. Definitions
    • B. Definitions > 1. Insurer
    • B. Definitions > 2. Authorized and unauthorized
    • B. Definitions > 3. Domestic, foreign, and alien
    • B. Definitions > 4. Transacting insurance
    • B. Definitions > 5. Certificate of authority
    • B. Definitions > 6. Premiums
    • C. Licensing
    • C. Licensing > 1. Persons required to be licensed
    • C. Licensing > 1. Persons required to be licensed > a. Adjuster
    • C. Licensing > 2. Termination of license
    • C. Licensing > 2. Termination of license > a. Renewal/Continuing Education
    • C. Licensing > 2. Termination of license > b. Suspension
    • C. Licensing > 2. Termination of license > c. Revocation
    • C. Licensing > 2. Termination of license > d. Limitation and refusal of license
    • C. Licensing > 3. Name of licensee–true, fictitious
    • D. Marketing practices
    • D. Marketing practices > 1. Unfair practices
    • D. Marketing practices > 1. Unfair practices > a. Unfair claims methods and practices; Settlement of claims
    • D. Marketing practices > 1. Unfair practices > b. Fraud
    • D. Marketing practices > 1. Unfair practices > c. Unfair discrimination
    • D. Marketing practices > 1. Unfair practices > d. Defamation
    • D. Marketing practices > 2. Required records and record retention
    • E. Administrator
    • F. Cancellation and nonrenewal of policies
    • G. Payment of motor vehicle physical damage claims
    • H. Motor vehicle physical damage appraiser
    • I. Inland Marine and Transportation
    • J. Property insurance defined
    • K. Property insurance contracts
    • L. Automobile insurance
    • L. Automobile insurance > 1. Uninsured/underinsured motorists provisions
    • L. Automobile insurance > 2. Policy coverages, limitations and exclusions of certain drivers from a policy
    • M. Casualty contracts
    • M. Casualty contracts > 1. Vehicle Insurance
    • M. Casualty contracts > 2. Liability
    • M. Casualty contracts > 3. Theft/Burglary
    • M. Casualty contracts > 4. Surety

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