Florida 6-20 All Lines Adjuster Florida Adjuster Licensing Practice Florida Public Adjuster State Florida Claims Adjuster Adjuster Pro - Florida Certified Adjuster Glossary Florida 6-20 All Lines Adjuster Florida Adjuster Exam Florida Test Study Guide - Public Adjusting 3-20 (Set 1) Adjuster Pro...
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A public adjuster represents the interest of: A. The insurer B. The Insured C. The employer D. The interest of the general public - ANSWER-B. The insured Which of the following is the type of report that indicates the initial results of a claim investigation? A. Field Report B. Interim Repo...
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Add to cartA public adjuster represents the interest of: A. The insurer B. The Insured C. The employer D. The interest of the general public - ANSWER-B. The insured Which of the following is the type of report that indicates the initial results of a claim investigation? A. Field Report B. Interim Repo...
A claim in the property/casualty industry Is defined as: - ANSWER-an assertion of an alleged legal right against a person, entity, company or insurer that carries with it a demand for money as compensation for injuries or damages when you purchase insurance, you are buying: - ANSWER-peace of mind...
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Add to cartA claim in the property/casualty industry Is defined as: - ANSWER-an assertion of an alleged legal right against a person, entity, company or insurer that carries with it a demand for money as compensation for injuries or damages when you purchase insurance, you are buying: - ANSWER-peace of mind...
Florida No-Fault Tort Exemption - ANSWER-Those who comply with the law are granted limited immunity from suits of others through PIP coverage. 4 Exceptions to Tort Exemption(Threshold of No-Fault) - ANSWER-1. Significant and Permanent loss of bodily function. 2.Permanent injury other than scarri...
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Add to cartFlorida No-Fault Tort Exemption - ANSWER-Those who comply with the law are granted limited immunity from suits of others through PIP coverage. 4 Exceptions to Tort Exemption(Threshold of No-Fault) - ANSWER-1. Significant and Permanent loss of bodily function. 2.Permanent injury other than scarri...
Severability - ANSWER-Insurance applies separately to each insured as if other insureds did not exist. Abandonment - ANSWER-Property insurance policies usually contain a(n) __________ clause, *stating the insured cannot dump damaged property on the insurer and demand its full value.* Insurable...
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Add to cartSeverability - ANSWER-Insurance applies separately to each insured as if other insureds did not exist. Abandonment - ANSWER-Property insurance policies usually contain a(n) __________ clause, *stating the insured cannot dump damaged property on the insurer and demand its full value.* Insurable...
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Accumulated Depreciation - ANSWER-The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Actual Cash Value (ACV) - ANSWER-A valuation method used by insurers to reflect an item's current market value right before being damaged or destr...
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Add to cartAccumulated Depreciation - ANSWER-The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Actual Cash Value (ACV) - ANSWER-A valuation method used by insurers to reflect an item's current market value right before being damaged or destr...
The deductible - ANSWER-The dollar amount that the insured pays before the insurer is required to pay the remainder of the loss is known as? Replacement cost - ANSWER-Which loss settlement provides new for old? the claims adjuster's role in the insurance industry includes - ANSWER-Give approp...
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Add to cartThe deductible - ANSWER-The dollar amount that the insured pays before the insurer is required to pay the remainder of the loss is known as? Replacement cost - ANSWER-Which loss settlement provides new for old? the claims adjuster's role in the insurance industry includes - ANSWER-Give approp...
Liability insurance policies are what kind of contracts - ANSWER-third party contracts third party contracts do what - ANSWER-promise to pay on behalf of the insured all damages two forms of legal liability - ANSWER-civil and criminal liability what is a tort - ANSWER-A civil wrong who i...
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Add to cartLiability insurance policies are what kind of contracts - ANSWER-third party contracts third party contracts do what - ANSWER-promise to pay on behalf of the insured all damages two forms of legal liability - ANSWER-civil and criminal liability what is a tort - ANSWER-A civil wrong who i...
What is Insurance? - ANSWER-A financial tool that protects people from their losses. Transfers risk from one party to another: 1. Insured (people) purchases an insurance policy 2. Insurer provides financial protection to the insured How does Insurance work? - ANSWER-1. Insured pays a premium ...
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Add to cartWhat is Insurance? - ANSWER-A financial tool that protects people from their losses. Transfers risk from one party to another: 1. Insured (people) purchases an insurance policy 2. Insurer provides financial protection to the insured How does Insurance work? - ANSWER-1. Insured pays a premium ...
Those who are eligible for coverage under the Florida Automobile Joint Underwriting Association are? - ANSWER-Military Personnel A non-resident owning an automobile in Florida A non-resident subject to Florida no-fault law A forcible entry into locked premises and the carrying away of the prop...
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Add to cartThose who are eligible for coverage under the Florida Automobile Joint Underwriting Association are? - ANSWER-Military Personnel A non-resident owning an automobile in Florida A non-resident subject to Florida no-fault law A forcible entry into locked premises and the carrying away of the prop...
The insurer and insured agree to a specific value of insured item - ANSWER-Agreed Value Policies Someone who has care, custody or control of another's property - ANSWER-Bailee Claim filed by policy holder against his _ - ANSWER-First Party Claim When a person who entrusts another with an o...
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Add to cartThe insurer and insured agree to a specific value of insured item - ANSWER-Agreed Value Policies Someone who has care, custody or control of another's property - ANSWER-Bailee Claim filed by policy holder against his _ - ANSWER-First Party Claim When a person who entrusts another with an o...
What is insurance? - ANSWER-protection against financial loss what is a premium - ANSWER-a scheduled amount to be paid for an insurance policy. What are premiums used for - ANSWER-premiums are collected into a "pool" or "reserve to pay out claimants when needed. how can insurance compani...
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Add to cartWhat is insurance? - ANSWER-protection against financial loss what is a premium - ANSWER-a scheduled amount to be paid for an insurance policy. What are premiums used for - ANSWER-premiums are collected into a "pool" or "reserve to pay out claimants when needed. how can insurance compani...
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