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ARIZONA ADJUSTER LICENSE EXAM REVIEW
Actual Qs and Ans Expert-Verified Explanation
This Exam contains:
-Guarantee passing score -19 Questions and Answers -format set of multiple-choice -Expert-Verified Explanation
Question 1: Surplus Insurance
Answer:
When insurance coverage is not procurable, after diligent effort has been made to procure coverage or the coverage has been procured to the full extent the insurers are willing to insure, and the placing of insurance with an unauthorized insurer is not for the purpose of securing advantages either as to
premium rate or terms of the insurance contract, this can best be described as:
Question 2: Four attempts within a one year period
Answer:
How many times can an applicant take the Arizona adjuster's license exam?
Question 3: Salaried Employee
Answer:
a term used to describe a person of an insurance company or managing general agent may, without an adjuster license, who may adjust, investigate and negotiate settlements of claims on behalf of an insurance company if the compensation is not contingent upon the outcome of claim determinations.
Question 4: The licensee's name, address and identification number, the date of issuance, the lines of authority, the expiration date and any other information the director deems necessary.
Answer:
What would a newly licensed adjuster find on his/her license?
Question 5: 180 days
Answer:
The director may issue a temporary insurance producer licence for not more than how many days before requiring examination?
Question 6: Public Adjuster
Answer:
a term often used to describe a person hired to adjust, investigate or negotiate insurance claim settlements on behalf of the insured.
Question 7: Must be 18 years of age
No felony or acts that are grounds for denial Proof of Residency Pass the examination Paid the fees
Answer:
In order to become a licensed insurance adjuster, applicants must:
Question 8: Insurance Producer
Answer:
Define a person required to be licensed under this article to sell, solicit or negotiate insurance.
Question 9: A Business Entity
Answer:
any corporation, association, partnership, limited liability company, limited liability partnership or other legal entity except an individual or sole proprietorship can be best described as:
Question 10: first 30 days
Answer:
Within how many days of operating as a broker, notify the director, on a form prescribed by the director, that the producer is acting as a broker.
Question 11: Personal Lines
Answer:
What type of insurance is sold to individuals and families for primarily noncommercial purposes?
Question 12: 30 days - written notice
Answer:
If you change residence, business or email address, how many days do you have to notify the director in writing?
Question 13: Property Insurance
Answer:
What type of insurance provides coverage for the direct or consequential loss or damage to property of every kind.
Question 14: Casualty Insurance
Answer:
What type of insurance provides coverage against legal liability, including liability for death, injury, disability or damage to real or personal property?
Question 15: At least One
Answer:
A business entity insurance producer must have how many insurance producers in each office or place of business in which the business entity transacts insurance in this state.
Question 16: Independent Adjuster
Answer:
a term often used to describe a person who is an independent contractor for an insurance company or managing general agent (not a salaried employee) who adjusts, investigates or negotiates insurance claim settlements for the insurer.Question 17: The names of all members, officers and directors of the business entity.
Answer:
The application of a business entity shall include:
Question 18: A non-resident
Answer:
A person whose home state is not Arizona is referred to as:
Question 19: Accident and Health or Sickness Insurance
Answer:
What type of insurance coverage applies to sickness, bodily injury or accidental death and may include benefits for disability income.
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