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Adjuster - All Lines

Provider
Pearson VUE
Format
Multiple choice
Exam questions
150 scored questions
Time limit
150 minutes
Passing score
70 scaled score
Exam fee
$49
Examination outline
  • GENERAL PROPERTY AND CASUALTY INSURANCE PRODUCT KNOWLEDGE PERTINENT TO ADJUSTERS (40%)
    • A. Standard Fire Policy
    • 1. Basic coverages, provisions, and clauses
    • 2. Limitations and restrictions
    • 3. Proof of loss
    • 4. Loss requirements and inventories
    • 5. Appraisal
    • 6. Replacement costs
    • B. Auto liability
    • 1. Personal
    • 2. Commercial
    • C. Personal lines Homeowner coverage
    • 1. Dwelling and contents
    • 2. Homeowners forms/coverages
    • a. Policy provisions
    • b. Replacement costs
    • c. Appraisal
    • d. Special limits of liability
    • e. Proof of loss
    • 3. General property forms
    • a. ISO, HO-2, HO-3, HO-4, HO-5, HO-6
    • D. Commercial lines coverage
    • 1. Commercial property forms
    • a. Commercial property and buildings
    • b. Causes of loss
    • 2. Commercial Package Policy (CPP)
    • 3. Boiler and Machinery
    • a. Type of equipment
    • 4. Businessowners policy
    • 5. Cargo
    • 6. Commercial crime
    • E. Inland Marine
    • 1. Definitions
    • 2. Policies
    • a. Personal floaters
    • b. Commercial floaters
    • i. Installation floaters
    • c. Commercial inland marine
    • F. Ocean Marine
    • 1. Protection and Indemnity (P&I) coverage
    • 2. Collision (“running down”) clause
    • 3. Average
    • 4. General average
    • 5. Particular average
    • G. Additional coverages, exclusions, and extensions
    • 1. Business Interruption
    • 2. Time Element
    • 3. Law and Ordinance exclusion
    • 4. Law and Ordinance coverage
    • 5. Valuable Papers and records
    • 6. Garagekeepers liability
    • 7. Aviation
    • 8. Umbrella
    • 9. Yacht/Boatowners
    • H. Bonds and Professional Liability
    • 1. Errors and Omissions
  • INSURANCE TERMS AND RELATED CONCEPTS (40%)
    • A. Peril
    • B. Waiver/non-waiver agreement
    • C. Insurance, insurance contracts, and insurable interest
    • D. Estoppel
    • E. Proof of loss
    • F. Depreciation
    • G. Deductible
    • H. Liability/ limits of liability
    • 1. Absolute/Strict
    • 2. Vicarious
    • I. Valued policy
    • J. Appraisal
    • K. Actual cash value, fair market value
    • L. Robbery
    • M. Burglary and theft
    • N. Agreed value
    • O. Replacement cost
    • P. Indemnity
    • Q. Damages
    • R. Subrogation
    • S. Other insurance
    • 1. Primary and Excess
    • 2. Pro Rata
    • T. Arbitration
    • U. Constructive total loss
    • V. Loss
    • W. Warranties and representations
    • X. Salvage
    • Y. Risk
    • Z. Hazard
    • AA. Liberalization
    • BB. Binder
    • CC. Reservation of rights
    • DD. Policy Provisions and contract law
    • 1. Declarations
    • 2. Insuring Agreement
    • 3. Conditions
    • 4. Exclusions
    • 5. Appraisal
    • 6. Definition of the insured
    • 7. Duties of the insured
    • 8. Obligations of the insurance company
    • 9. Mortgagee rights
    • EE. Proximate cause
    • FF. Coinsurance
    • GG. Occurrence
    • HH. Cancellation
    • II. Nonrenewal
    • JJ. Vacancy and unoccupancy
    • KK. Negligence
    • LL. Endorsements
    • MM. Admitted/Nonadmitted
  • TEXAS STATUTES AND RULES PERTINENT TO PROPERTY AND CASUALTY ADJUSTING (20%)
    • A. Licensing requirements
    • 1. Adjuster
    • a. Designated Home State Adjuster
    • 2. Exemptions/exceptions
    • 3. Continuing education
    • 4. License denial, renewal, expiration
    • 5. License termination, revocation, suspension
    • 6. Notification to Department of certain information
    • a. Change of address
    • b. Felony convictions
    • c. Administrative action taken against a license holder
    • 7. Commissioner of Insurance
    • a. General powers and duties
    • b. Examination of records
    • c. Investigation/hearing
    • d. Penalties
    • e. Cease and desist orders
    • B. Marketing practices
    • 1. Unfair/Prohibited trade practices
    • a. Claims methods and practices
    • b. Misrepresentation
    • c. Defamation
    • C. Adjuster practices, responsibilities, and duties
    • 1. Functions of an Adjuster
    • 2. Prohibited Conduct
    • D. Workers’ Compensation
    • 1. Definitions
    • a. Workers’ Compensation insurance
    • b. Employer
    • c. Employee
    • d. Disability definitions
    • e. Maximum Medical Improvement
    • 2. Who is covered
    • 3. Obtaining coverage (Employer)
    • 4. Employer election
    • 5. Average weekly wage
    • 6. Waiting period
    • 7. Compensable injuries
    • 8. Benefits
    • a. Medical
    • b. Income
    • c. Temporary income
    • d. Rehabilitation
    • e. Death and burial
    • 9. Subsequent Injury Fund
Examination sources