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Insurance · Adjuster Basics and Licensing

A policy has a $100,000 per-occurrence liability limit and a $300,000 aggregate limit. Two separate claims of $80,000 and $90,000 occur in the same policy year. What is the total payout?

Reviewed by Jordan Morley, Editorial Lead at 247SimpleTests. Written by the 247SimpleTests Editorial Team from the official source material cited on every question.

Correct answer

$180,000

  1. A $170,000
  2. B $190,000
  3. C $180,000
  4. D $300,000

Why this is the answer

Per-occurrence limit: each claim is limited to $100,000. But the aggregate caps total payouts for the policy period. Claim 1: $80,000 (under $100K limit, paid in full). Claim 2: $90,000 (under $100K limit). Total: $170,000 — still under the $300,000 aggregate. Answer: $170,000. Wait — both are under the per-occurrence limit, so both are paid in full = $170,000. Correct answer is 0 ($170,000).
Source: Adjuster Exam, Per-Occurrence vs Aggregate Limits

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About this topic: Adjuster Basics and Licensing

Adjuster basics cover the types of adjuster (staff, independent, public), licensing and continuing-education requirements, the adjuster's duties to the insurer and the insured, and the stages of a claim from first notice to closure. This is one of 9 Insurance Adjuster questions on adjuster basics and licensing, each with a full explanation on a single study page.

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