MD Public Adjuster study plan

Define indemnity, insurable interest, utmost good faith, subrogation, and coinsurance, and give one property-claim example of each.

Label the six structural parts of a property policy (declarations, insuring agreement, conditions, exclusions, definitions, endorsements) on an unmarked policy excerpt and explain what each part controls.

Compute actual cash value for three sample losses using replacement cost minus depreciation, and state when replacement cost settlement applies instead.

Differentiate HO-3, HO-5, HO-8, and DP-3 forms by perils covered, occupancy eligibility, and loss-settlement basis.

Match ten claim fact patterns to the correct policy form and coverage part.

Map Coverages A through D and the additional coverages (debris removal, loss of use, ordinance or law, reasonable repairs, trees/shrubs) to their limits and sublimits.

Explain how the deductible, coinsurance clause, and any agreed-value endorsement interact to change the payable amount on a commercial building loss.

Identify the exclusions most often disputed in property claims (water damage, mold, faulty workmanship, wear and tear, earth movement, vacancy) and state the exception that can restore coverage.

Calculate a coinsurance penalty on a commercial property loss where the limit carried is below 80% of the replacement cost value.

Trace how business income and extra expense respond, including the period of restoration and the waiting period.

Distinguish Coverage E personal liability from Coverage F medical payments to others by trigger, damages covered, and defense obligation.

Compare occurrence-form and claims-made liability policies on trigger, retroactive date, extended reporting period, and aggregate limits.

Explain how per-occurrence limits, general aggregate, products-completed operations aggregate, and personal and advertising injury limits stack in a commercial general liability claim.

Outline the liability exposures in a Maryland homeowners, personal auto, and small-commercial risk, including uninsured/underinsured motorist coverage.

Identify the coverage questions that must be answered before accepting or denying a third-party liability claim (insured status, occurrence, bodily injury or property damage, exclusions, notice).

Sequence the claim-handling steps from first notice of loss through inspection, documentation, coverage determination, reserve setting, negotiation, and settlement or denial.

Draft a proof of loss request, a reservation-of-rights letter, and a documented coverage-position memo using a fact pattern you write yourself.

Apply Maryland unfair claim settlement practice standards to four short scenarios and state whether the adjuster's conduct is compliant and why.

Build a claim chronology and damage inventory from a described water-damage loss, including photographs described in text, receipts, and witness statements.

Set initial and revised reserves for that loss and justify each change in two sentences.

Estimate a repair scope using unit-cost line items (quantity times unit price) for drywall, flooring, roofing, painting, and cabinetry on a described partial loss.

Calculate depreciation by age and condition, and compute both actual cash value and replacement cost settlements from the same scope of loss.

Explain betterment, matching of undamaged materials, overhead and profit, and general contractor's markups, and show how each changes the final number.

Differentiate repair cost, replacement cost, and market value approaches, and select the correct measure of damages for a dwelling, a commercial building, and personal property.

Audit a supplied adjuster estimate for missing quantities, wrong units, and omitted code items, and list every correction.

Explain Maryland public adjuster licensing, contract, and fee-disclosure requirements and describe what must appear in a written contract before work begins.

Identify prohibited conduct for public adjusters, including solicitation limits, misrepresentation of insurer or adjuster status, and handling of claim funds.

Describe the Maryland Insurance Administration complaint and disciplinary process and the consequences of unlicensed adjusting.

Apply the ethics rules to eight scenarios covering conflicts of interest, dual compensation, referral fees, and client confidentiality.

Explain a policyholder's duties after loss under Maryland practice and how a public adjuster documents compliance.

Resolve ten mixed-domain scenarios in which a Maryland regulatory issue and a coverage question appear in the same claim.

Review the error log from weeks 1 through 6 and restate each missed concept in your own words with a supporting example.

Explain how a public adjuster's documentation practices support or undermine a later bad-faith or regulatory complaint.

Explain the boundary between advocating for a policyholder and misrepresenting damage, coverage, or policy language.

Re-drill the two weakest domains using only missed-item review and short written explanations, not new reading.

Complete two full-length timed practice exams under test-day conditions and compare scores to identify remaining gaps.

Summarize each domain on one page using only the facts you can recall without notes, then verify against your study materials.

Recite the claim-handling sequence and the Maryland public adjuster compliance checklist from memory.