Study guides, Class notes & Summaries

6-20 Claims Adjuster Questions and Answers Graded A+ The following are basic characteristics of a property or liability insurance contract, EXCEPT: A. Personal Contract B. Conditional Contract C. Loss Settlement Contract D. Contract of Adhesion - Answer ️️ -C. Loss Settlement Contract The Insurers responsibility to pay for a property loss may be conditioned on the insured having used reasonable means to avoid the loss, to protect the property against further loss, and to give the in...

Texas all lines adjuster license commercial general liability chapter 8 already passed Commercial general liability ( CGL) - Answer ️️ -This covers business liability hazards that are not covered under more specialiazed forms of insurance such as auto, marine, workers compensation and others. What are three forms of CGL - Answer ️️ -Professional liability Product liability Premises liability When liability is limited to acts of negligence, professional liability insurance may be ...

NC adjuster Exam Questions and Answers Already Passed Inception/Expiration Date - Answer ️️ -The date on which coverage became effective or expired. Policies in North Carolina become effective and expire at 12:01am Occurrence Date - Answer ️️ -The date on which the loss occurred Identification of Parties involve - Answer ️️ -The loss report should include the names and addresses of the parties involved in the loss, the names and addresses of any injured person(s) and the names ...

Florida Claims Adjuster Exam Questions and Answers Rated A+ Frank owned a home that was destroyed by a hurricane. Both ABC and XYZ Banks were listed as additional interests on his homeowner policy. The insurance company will make a payment to: A. The first mortgagee, ABC B. The Insured C. Jointly to ABC and XYZ D. All listed interests - Answer ️️ -D. All listed interests Remember that the insurer is not responsible to know the degrees of interest. In the event of a loss, one payment...

NC Claims Adjuster Exam Study Already Passed Liability Insurance PAP (Part A) - Answer ️️ -Pays all the sums and insured must legally pay as damage due to BI/PD caused by an accident and resulting from the ownership, maintenance or use of a covered auto. Coverage Part A through F of a PAP - Answer ️️ -A. Liability B. Medical Payments C. UM/UIM D. Physical Damage E. Insured Duties F. General Provisions Certificate of Insurance (COI) - Answer ️️ -A document that proves the ex...

Claims Adjuster Questions and Answers 100% Pass Insurance - Answer ️️ --an economic device used to protect against extreme unforeseen loss - the transfer of risk from one party to another Premium - Answer ️️ --the fee paid by the insured in exchange for insurance Principle of Indemnity - Answer ️️ --the insurer should be restored to where they were before the incident -no profit can be made Idemnification - Answer ️️ --to compensate for loss or damage; to provide security ...

Claims Adjuster Final (Multiple Choice Questions) Already Passed An adjuster is a fiduciary agent with a responsibility of loyalty to the interest of - Answer ️️ - The insured and insurer An insurer gives which of the following as Consideration for an insurance policy? - Answer ️️ - A Promise The interest of the insured and all other persons in the property involved in a claim is found in - Answer ️️ -A Proof of Loss An insured rear-ends another driver's vehicle. The auto po...

PUBLIC ADJUSTER QUESTIONS AND ANSWERS 100% PASS Program Trigger for terrorist acts must cause a collective damage in excess of? - Answer ️️ -• $100,000,000 TF A public adjuster may own no more than 50% in a salvage or similar business? - Answer ️️ -• F General Average - Answer ️️ -• Loss shared by all parties Particular Average - Answer ️️ -• Only one party shares in the loss. In a home owner policy there is no deductible for - Answer ️️ -• Liability Coverag...

N.C. Claims Adjuster Exam Latest 2024 Rated A+ Inception/Expiration Date - Answer ️️ -an insurance policy covers the insured starting at 12:01am on the day on which coverage begins and expires at 12:01am on the expiration day of the policy. Occurrence Date - Answer ️️ -Date of which the loss occurred Identification of parties involved - Answer ️️ -The loss report should include the names and addresses of the parties involved in the loss, the names and addresses of any injured p...

TX ADJUSTER TEST QUESTIONS AND ANSWERS ALREADY PASSED Subrogate Subrogation is the right for an insurer to legally pursue a third party that caused an insurance loss to the insured. This is done as a means of recovering the amount of the claim paid by the insurance carrier to the insured for the loss. - Answer ️️ -While investigating a claim, you determine that the loss was caused by a defective mechanism in the dishwasher. You would attempt to_________________________? Appraisal - An...