CA Claims Adjuster study guide
CA Claims Adjuster · Work through your exam, one topic at a time.
The California Claims Adjuster credential is a state insurance license issued through the California Department of Insurance (CDI). It authorizes a person to investigate, evaluate, negotiate, and settle claims on behalf of an insurer, and it is the entry point for careers in auto, homeowners, commercial property, liability, and workers' compensation claims handling. The CA Claims Adjuster study guide has 5 sections and about 1,660 words.
01Insurance Principles and Concepts
Insurance transfers risk from one person to a pool of similar exposures. The law of large numbers lets an insurer predict aggregate losses, while adverse selection (only poor risks buying) and moral hazard (behavior changed by coverage) push against accurate pricing.
345 words, about 2 min02Property Insurance Basics
The homeowners program runs Coverage A dwelling, B other structures, C personal property, D loss of use, E personal liability, and F medical payments to others. Learn the form differences: HO-2 broad named perils, HO-3 special/open perils on A and B but named perils on C, HO-5 open perils throughout, HO-4 renters (C and D only), HO-6 condo unit-owners, HO-8 modified coverage for older homes.
337 words, about 2 min03Casualty Insurance Basics
Negligence requires duty, breach, causation, and damages . A liability policy has declarations, an insuring agreement, supplementary payments, exclusions, and conditions.
310 words, about 2 min04Claims Adjusting Practices and Procedures
Acknowledge the loss, investigate (recorded statements, scene photos, police and fire reports, medical records, wage documentation, expert opinions), determine coverage, evaluate damages, negotiate, settle, pay, and pursue recovery through subrogation or salvage . Document every contact, decision, and basis for payment in the claim file - the file is your defense in a bad-faith dispute.
315 words, about 2 min05California Insurance Law and Regulations
The California Department of Insurance, headed by the elected Insurance Commissioner , enforces the Insurance Code and Title 10 of the California Code of Regulations. Proposition 103 (1988) imposed prior approval of rates, rollbacks, and consumer intervenor rights, and remains the framework for most property-casualty rate filings.
353 words, about 2 min