MI Claims Adjuster study guide
MI Claims Adjuster · Work through your exam, one topic at a time.
The Michigan claims adjuster license is the state credential that lets you investigate, evaluate, and settle insurance claims on behalf of an insurer in Michigan. It suits people moving into claims from customer service, body shops, restoration, medical billing, or law enforcement, as well as licensed producers adding a claims line. The MI Claims Adjuster study guide has 8 sections and about 2,647 words.
01Insurance Principles and Concepts
The exam tests whether you can apply doctrine, not recite definitions. Indemnity restores the insured to roughly the pre-loss financial position - no better, no worse.
372 words, about 2 min02Insurance Regulation and Licensing
Michigan insurance is governed by the Insurance Code of 1956 (Act 218 of 1956) and administered by the Department of Insurance and Financial Services (DIFS). DIFS licenses producers, agencies, and adjusters, reviews forms and rates, and conducts market-conduct examinations of claim files.
361 words, about 2 min03Property Insurance Basics
Property forms are built from declarations, an insuring agreement, covered property, causes of loss, exclusions, conditions, and endorsements. Named-peril forms list what is covered.
329 words, about 2 min04Casualty Insurance Basics
Casualty coverage responds to the insured's legal liability for bodily injury, property damage, and personal and advertising injury. The commercial general liability (CGL) form splits into Coverage A (bodily injury and property damage), Coverage B (personal and advertising injury), and Coverage C (medical payments - commonly $5,000 per person, paid without a fault determination).
329 words, about 2 min05Adjusting Practices and Claims Handling
A defensible file follows a repeatable order: acknowledge the claim; verify coverage and the named insured; investigate (recorded statements, photographs, scene inspection, experts); analyze coverage against the form and endorsements; document damages; negotiate and pay. Every decision should be traceable to a document - that is what survives a market-conduct review or bad-faith challenge.
303 words, about 2 min06Auto Insurance
Michigan (MCL 500.3101 et seq.) combines first-party personal injury protection (PIP), property protection insurance (PPI), and residual liability. PIP pays accident-related medical costs, wage loss, replacement services, and attendant care regardless of fault.
301 words, about 2 min07Homeowners and Dwelling Insurance
HO-3 (special form on the dwelling, broad named perils on contents), HO-2 (broad named perils), HO-5 (comprehensive), HO-4 (renters - contents and liability), HO-6 (condo), HO-8 (older homes, functional replacement cost). Coverages: A dwelling, B other structures (typically 10% of A), C personal property (a percentage of A), D loss of use (often 30% of A), E personal liability, F medical payments.
305 words, about 2 min08Commercial Property and Liability Insurance
The Building and Personal Property Coverage Form (CP 00 10) insures building, business personal property, and personal property of others, with extensions for debris removal, preservation, and newly acquired property. Causes of loss forms are basic, broad, and special.
347 words, about 2 min