Free IIC C130 Exam Questions

Question 1

Which type of adjuster processes a large volume of claims that do not require inspecting property damage or visiting the loss location?

A : Service adjuster

B : Account adjuster

C : Remote adjuster

D : Telephone adjuster

Answer: D

Question 2

Katherine is employed as an adjuster and has been assigned a large liability claim. The insured had two recent claims and Katherine suspects this claim might be staged. She sends the insured a non-waiver agreement allowing her to investigate the loss without accepting liability. If the insured refuses to sign the agreement, what would Katherine send next?

A : Forfeiture agreement

B : Acceptance confirmation

C : Liability admittance notice

D : Reservation of rights letter

Answer: D

Question 3

What must an intermediary remember when using a valuation guide to calculate the replacement cost for a dwelling?

A : There is no substitute for an on-site inspection by the intermediary.

B : The mortgage value may be less than the cost of replacing the building.

C : The tool used by each insurer would provide the exact same calculation.

D : There will be increased costs to repair or replace luxury or custom dwellings.

Answer: D

Question 4

Katherine is employed as an adjuster and has been assigned a large liability claim. The insured had two recent claims and Katherine suspects this claim might be staged. She sends the insured a non-waiver agreement allowing her to investigate the loss without accepting liability. If the insured refuses to sign the agreement, what would Katherine send next?

A : Forfeiture agreement

B : Acceptance confirmation

C : Liability admittance notice

D : Reservation of rights letter

Answer: D

Question 5

Which homeowners package policy provides all-perils coverage on the building and named-perils coverage on the contents?

A : Basic

B : Broad

C : Standard

D : Comprehensive

Answer: B