Indiana Independent Adjuster Course Notes

Largest exam domain. Treat a Commercial Package Policy as common declarations/conditions plus separate coverage parts. Identify the insured interest first, then the correct part, trigger, cause of loss, exclusions/conditions, limits, deductible/retention, valuation, and endorsements.

• Treating a package as universal coverage.

• Ask first-party vs third-party, physical damage vs time element, and primary vs excess.

High-yield Indiana law domain. Memorize the independent-adjuster role, current resident/nonresident fees, 40-hour prelicense requirement, 24-hour CE renewal requirement, birth-month renewal, UCC waiver, conduct duties, unfair practices, and 30-day regulatory reporting.

• Applying producer-license reinstatement rules instead of the IA-specific page.

• Memorize 40 / 24 / $40 / $80 / $90.

Know the six homeowners forms on the outline, Section I A-D and Section II E-F, named vs open peril treatment, loss settlement, major exclusions, and selected endorsements. Exact issued policy language controls.

• Confusing attached and detached structures.

• Form -> Coverage letter -> Peril basis -> Exclusion -> Endorsement -> Value.

CGL is a liability policy, not a list of all commercial coverages. Classify exposure, Coverage A/B/C, trigger, insured, exclusion, per-occurrence/aggregate limit, and then any specialty policy.

• Calling commercial property/inland marine/farm 'CGL coverage parts.'

• Allegation -> A/B/C or specialty coverage.

Core vocabulary domain. Know contract law, policy structure, negligence, valuation, peril/coverage types, other-insurance rules, and third-party provisions well enough to apply them inside scenarios.

• Equating every error with fraud.

• Memorize negligence elements.

Separate what is being paid: liability to others, medical expenses, damage to the covered auto, or UM/UIM benefits. Then verify insured status, auto status, use, exclusions, limits, and deductible.

• Using collision for bodily injury.

• Whose injury/property? Which car? What use?

Process domain. Investigate first, preserve evidence, document cause/sequence, measure value, apply policy terms/authority, resolve disputes correctly, and close the file with a complete record.

• Assuming liability before causation/evidence.

• Facts -> Policy -> Value -> Authority -> Payment.

Indiana WC mixes standard policy concepts and Title 22. Start with covered employment + work connection + medical causation, then reporting, benefits, employer liability/exclusive remedy, and WCB dispute process.

• Thinking new employees wait for first paycheck.

• Memorize 7 / 7-or-14 / 2⁄3 / >7 / 21.

Small but state-specific domain. Know Indiana auto-repair/AIP concepts and memorize the major current mine-subsidence numbers/timing rules.

• Treating AIP as a claim coverage rather than market placement.

• Memorize 25/50/25 and 26 counties / $500k / 2% ($250-$500).

Low-weight, easy points. Memorize DP-1/2/3 and Coverages A-E, then apply named/open peril treatment, conditions/exclusions, and valuation.

• Mixing D and E.

• Memorize 1 Basic / 2 Broad / 3 Special.

Know person + vehicle category/symbol + use. Garagekeepers protects customers' autos in the insured's care/custody/control; it is not simply 'anything damaged inside a garage.'

• Calling every garage loss 'garage coverage.'

• Whose auto? Who is driving? What symbol? What use?

Scope physical damage first, then causation, then value. Know the components/construction types and the endorsement concepts listed by Pearson.

• Using depreciation to decide whether damage exists.

• Scope first, price second.

Easy 1% domain: a BOP is a standardized package for eligible businesses, commonly combining commercial property and general liability, often with business income/extra expense. It is not universal coverage.

• BOP = all commercial risks.

• For 1%, know definition/use cold.