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ILLINOIS PUBLIC ADJUSTER
EXAM STUDY GUIDE REV IEW
WITH 134 QUESTIONS & ANSWERS
BEST GRADED A+
Question : mullion
CORRECT ANSWER: A vertical member between the
panels of a window door or other opening
Question : What is pitch?
CORRECT ANSWER: The incline angle of a roof
Question : When must a truss be notched are groves?
CORRECT ANSWER: Only when preapproved and
writing by a certified engineer
Question : A gable roof 32 feet long is to have rafters
installed 16 inches on center. How many Rafters are needed
CORRECT ANSWER: 24
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Question : Which of the following does not need to be
submitted to the Director, in order to act as an adjuster?A copy of all insurance policies for the business.
CORRECT ANSWER: A copy of all insurance policies
for the business.
Question : If A public adjuster moves, how soon does he
or she need to inform the Director?
CORRECT ANSWER: 30 days
Question : Which of the following is not a prohibited
action of a public adjuster
CORRECT ANSWER: Commencing repairs pending
adjustment of a claim
Question : If a public adjuster contracts with an insured
within 5 days of a filed lost, how long does the insured have to void their contract
CORRECT ANSWER: 5 days
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Question : If an insured receives claim proceeds from an
insured that are to be paid jointly to the insured and the public adjuster, how many days does insured have to release a portion of the proceeds, which are due to the public adjuster?
CORRECT ANSWER: Within 5 days
Question : It is allowable for a public adjuster to...
CORRECT ANSWER: State that he is she is licensed by
the department of insurance
Question : When may a public adjuster attempt to sign a
new client
CORRECT ANSWER: Between the hours of 8 AM and
- PM
Question : Which of the following actions by a public
adjuster would be a violation of law
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CORRECT ANSWER: Advancing funds to insureds.. in
anticipation of claim proceeds
Question : How is actual cash value calculated according
to administrative role 919?
CORRECT ANSWER: Replacement cost at the time of
a loss, less depreciation
Question : An Insurer a must notify the public adjuster if
a claim remains unresolved - after how many days?
CORRECT ANSWER: 25 days after receiving proof of
loss
Question : In Illinois if a fire and extended coverage
policy has been in effect for less than 60 days, which of the following is NOT an allowable reason for cancellation by the insurer