Arkansas Insurance Adjuster Practice Exam

The DP-3 is known as the:

1. Amended Form

2. Special Form

3. Basic Form

4. Broad Form

The correct answer is: Special Form

The DP-3 is also known as the Special Form because it provides the broadest coverage for homeowners. The other options are incorrect because A: Amended Form is not a commonly used term for homeowner's insurance policies. C: Basic Form typically only covers specific perils, such as fire and theft. D: Broad Form typically offers less coverage than the Special Form.