MS Public Adjuster study guide
MS Public Adjuster · Work through your exam, one topic at a time.
The Mississippi Public Adjuster License Exam is the state licensing test a candidate must pass to be licensed as a public adjuster in Mississippi - a professional who represents policyholders (not insurers) in preparing, presenting, and negotiating property and casualty claims. The Mississippi Insurance Department oversees adjuster licensing, and the department's site states that "Pearson Vue will be administering the state insurance exams for producers, adjusters, and bail agents," so scheduling and testing-center logistics run through Pearson Vue rather than MID directly. The MS Public Adjuster study guide has 5 sections and about 1,731 words.
01Adjuster Licensing and Regulation
Mississippi licenses adjusters through the Mississippi Insurance Department (MID). The license category matters: a public adjuster contracts with and represents the insured for compensation; an independent adjuster represents insurers through appointments; a company adjuster works directly for one insurer.
350 words, about 2 min02Insurance Principles and Policy Basics
Insurance is a contract of indemnity: it restores the insured to the pre-loss financial position, not better. Insurable interest must exist at the time of loss.
336 words, about 2 min03Property Insurance Coverage and Claims
A homeowners policy (commonly HO-3) insures the dwelling on an open-perils basis and personal property on a named-perils basis, with Coverage A (dwelling), B (other structures), C (personal property), D (loss of use), E (liability), and F (medical payments). Additional coverages include debris removal, reasonable repairs, trees and shrubs, and credit card or forgery protection, each with sublimits.
353 words, about 2 min04Casualty Insurance Coverage and Claims
Commercial general liability (CGL) covers bodily injury and property damage caused by an occurrence, plus personal and advertising injury. Know the difference between occurrence forms and claims-made forms: a claims-made policy responds when the claim is made and reported during the policy period or extended reporting period, while an occurrence policy responds to injury or damage that happens during the policy period, whenever the claim is later made.
349 words, about 2 min05Claims Handling Practices and Ethics
Mississippi adjusters must handle claims in good faith and fair dealing. The Mississippi Unfair Trade Practices Act (Miss.
343 words, about 2 min