Arkansas Insurance Adjuster Practice Exam

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An "occurrence" is defined as:

  1. A planned event that causes a gain

  2. A natural disaster only

  3. An expected event that causes loss

  4. An unexpected event that causes loss

The correct answer is: An unexpected event that causes loss

An "occurrence" is defined as an unexpected event that causes loss. Option A is incorrect because an occurrence is not necessarily planned and it can also result in a loss, not just a gain. Option B is incorrect because an occurrence is not limited to natural disasters, it can also include man-made events. Option C is incorrect because an occurrence does not have to be expected, it can also be an unexpected event. Option D is the correct answer because an occurrence is an unexpected event that results in a loss.

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