ID Claims Adjuster study plan

Define the seven characteristics of insurance (pooling of losses, payment of fortuitous losses, risk transfer, indemnification, etc.) and explain how each applies to a homeowner water-damage claim

Distinguish pure vs. speculative risk, and explain why insurable risks must be measurable, accidental, and of large loss potential

Map the indemnity principle, insurable interest, subrogation, and utmost good faith to concrete claim scenarios and state what an adjuster must verify for each

Explain the roles of insurer, insured, agent, broker, third-party administrator, and public adjuster in a claim file

Differentiate the major property policy forms (HO-2, HO-3, HO-5, HO-8, DP-1, DP-3) by perils covered and valuation method

Compare replacement cost, actual cash value, functional replacement cost, and agreed value, and calculate ACV using depreciation for a sample dwelling loss

Identify the components of a homeowners policy: declarations, insuring agreement, conditions, exclusions, and endorsements

Explain coinsurance, deductible types, and loss-settlement conditions in commercial property forms

Outline the standard commercial general liability coverage parts (Coverage A, B, C) and distinguish occurrence from claims-made triggers

Explain negligence elements, comparative vs. contributory negligence, and how each affects liability claim evaluation

Interpret common exclusions (pollution, professional services, expected or intended injury) and describe how an adjuster documents an exclusion-based denial

Describe inland marine, crime, and umbrella/excess coverages at a level sufficient to recognize a coverage question and escalate it

Summarize Idaho's adjuster licensing framework, including who must hold a license, license types, and the role of the Idaho Department of Insurance

State Idaho continuing-education hour requirements and recordkeeping obligations for licensed adjusters

Explain Idaho requirements for timely claim acknowledgment, communication, and settlement offers under the state's unfair claim settlement practices rules

Identify Idaho-specific rules on producer compensation disclosure and prohibited acts in the business of insurance

Sequence the claim-handling lifecycle from first notice of loss through investigation, evaluation, negotiation, settlement, and file closure

Draft a reservation-of-rights letter that preserves the insurer's coverage defenses without waiving them

Explain how to conduct and document a recorded statement, including scope, consent, and handling of inconsistencies

Apply the concept of bad faith and the duty to investigate equally to a disputed claim scenario

Calculate indemnity for a total loss and a partial loss under both ACV and replacement cost, showing depreciation and deductible application

Describe the adjuster's handling of subrogation, salvage, and recovery opportunities in a closed claim

Explain the ethical duties of honesty, impartiality, confidentiality, and full disclosure, and identify conflicts of interest in adjusting

Distinguish an adjuster's fiduciary duty to the insurer from the obligation of fair dealing owed to the claimant

Analyze case-style scenarios for unfair claim settlement practices and cite the applicable Idaho rule or statutory standard

Explain Idaho recordkeeping, privacy, and fraud-reporting obligations that apply to adjusters

Identify the consequences of license violations, including fines, suspension, and referral for criminal insurance fraud

Draft an ethical decision framework an adjuster can apply when a claim outcome conflicts with a supervisor's instruction

Complete a timed 100-question practice exam weighted 20% per domain and score it by domain

Review every missed practice question and restate the underlying rule in your own words

Re-drill the two weakest domains until practice scores in those domains exceed 80%

Recite the Idaho licensing and claim-practice rules from memory without notes