Package deal
Updated 2024/2025 CLAIMS ADJUSTER BUNDLED EXAMS.
CLAIMS ADJUSTER BUNDLE
[Show more]CLAIMS ADJUSTER BUNDLE
[Show more]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 - CORRECT ANS ...
Preview 3 out of 28 pages
Add to cartFrank 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 - CORRECT ANS ...
Once students decode well, which statement describes the relationship between vocabulary and reading comprehension? - CORRECT ANS Vocabulary is the best single predictor of reading comprehension. 
In teaching the word invisible, the teacher broke it into the parts in - vis - ible and talked abo...
Preview 1 out of 3 pages
Add to cartOnce students decode well, which statement describes the relationship between vocabulary and reading comprehension? - CORRECT ANS Vocabulary is the best single predictor of reading comprehension. 
In teaching the word invisible, the teacher broke it into the parts in - vis - ible and talked abo...
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 - CORRECT ANS ...
Preview 3 out of 28 pages
Add to cartFrank 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 - CORRECT ANS ...
Which statement best describes the relationship between reading comprehension and word decoding in a beginning reader's development? - CORRECT ANS Accurate, fast word recognition is necessary for development of reading fluency and text comprehension. 
Near the close of the day, a kindergarten ...
Preview 1 out of 3 pages
Add to cartWhich statement best describes the relationship between reading comprehension and word decoding in a beginning reader's development? - CORRECT ANS Accurate, fast word recognition is necessary for development of reading fluency and text comprehension. 
Near the close of the day, a kindergarten ...
Peril - CORRECT ANSWER Something that causes a loss. 
Hazard - CORRECT ANSWER Something that increases the probability that a loss will occur. 
Warranty - CORRECT ANSWER A policy condition, either based on information in the insureds application or inserted by the insurer. It is a gua...
Preview 4 out of 36 pages
Add to cartPeril - CORRECT ANSWER Something that causes a loss. 
Hazard - CORRECT ANSWER Something that increases the probability that a loss will occur. 
Warranty - CORRECT ANSWER A policy condition, either based on information in the insureds application or inserted by the insurer. It is a gua...
The insurer and insured agree to a specific value of insured item - CORRECT ANS Agreed Value Policies 
Someone who has care, custody or control of another's property - CORRECT ANS Bailee 
Claim filed by policy holder against his _ - CORRECT ANS First Party Claim 
When a person who en...
Preview 2 out of 9 pages
Add to cartThe insurer and insured agree to a specific value of insured item - CORRECT ANS Agreed Value Policies 
Someone who has care, custody or control of another's property - CORRECT ANS Bailee 
Claim filed by policy holder against his _ - CORRECT ANS First Party Claim 
When a person who en...
A claim in the property/casualty industry Is defined as: - CORRECT ANS 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: - CORRECT A...
Preview 1 out of 3 pages
Add to cartA claim in the property/casualty industry Is defined as: - CORRECT ANS 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: - CORRECT A...
Florida No-Fault Tort Exemption - CORRECT ANS 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) - CORRECT ANS 1. Significant and Permanent loss of bodily function. 
2.Permanent injury...
Preview 2 out of 7 pages
Add to cartFlorida No-Fault Tort Exemption - CORRECT ANS 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) - CORRECT ANS 1. Significant and Permanent loss of bodily function. 
2.Permanent injury...
The insurer and insured agree to a specific value of insured item - CORRECT ANS Agreed Value Policies 
Someone who has care, custody or control of another's property - CORRECT ANS Bailee 
Claim filed by policy holder against his _ - CORRECT ANS First Party Claim 
When a person who en...
Preview 2 out of 9 pages
Add to cartThe insurer and insured agree to a specific value of insured item - CORRECT ANS Agreed Value Policies 
Someone who has care, custody or control of another's property - CORRECT ANS Bailee 
Claim filed by policy holder against his _ - CORRECT ANS First Party Claim 
When a person who en...
Which of the following is NOT one of the four critical elements of a contract? 
 
(A) A mutual understanding and agreement with the terms of the contract. 
 
(B) Written evidence of the agreement and its terms. 
 
(C)A legal purpose. 
 
(D)Consideration, consisting of money or a promise of performan...
Preview 4 out of 42 pages
Add to cartWhich of the following is NOT one of the four critical elements of a contract? 
 
(A) A mutual understanding and agreement with the terms of the contract. 
 
(B) Written evidence of the agreement and its terms. 
 
(C)A legal purpose. 
 
(D)Consideration, consisting of money or a promise of performan...
Those who are eligible for coverage under the Florida Automobile Joint Underwriting Association are? - CORRECT ANS 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 ...
Preview 2 out of 6 pages
Add to cartThose who are eligible for coverage under the Florida Automobile Joint Underwriting Association are? - CORRECT ANS 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 ...
What is insurance? - CORRECT ANS protection against financial loss 
what is a premium - CORRECT ANS a scheduled amount to be paid for an insurance policy. 
What are premiums used for - CORRECT ANS premiums are collected into a "pool" or "reserve to pay out claimants when needed. 
h...
Preview 2 out of 10 pages
Add to cartWhat is insurance? - CORRECT ANS protection against financial loss 
what is a premium - CORRECT ANS a scheduled amount to be paid for an insurance policy. 
What are premiums used for - CORRECT ANS premiums are collected into a "pool" or "reserve to pay out claimants when needed. 
h...
Accumulated Depreciation - CORRECT ANS 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) - CORRECT ANS A valuation method used by insurers to reflect an item's current market value right before bein...
Preview 2 out of 14 pages
Add to cartAccumulated Depreciation - CORRECT ANS 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) - CORRECT ANS A valuation method used by insurers to reflect an item's current market value right before bein...
What is an eligible building for flood insurance? - CORRECT ANS A structure with 2 or more outside rigid walls and a fully secure roof, built on a permanent site, with 50% or more of the value above ground level and located within an eligible community 
What is Builders Risk Coverage? - CORR...
Preview 1 out of 3 pages
Add to cartWhat is an eligible building for flood insurance? - CORRECT ANS A structure with 2 or more outside rigid walls and a fully secure roof, built on a permanent site, with 50% or more of the value above ground level and located within an eligible community 
What is Builders Risk Coverage? - CORR...
If the CV R/E our IV while our IV was stopped at a traffic light and there was an injury in the CV to the driver of the CV, then you would Auto reassign this claim to Causality? - CORRECT ANS No- it should then go to the CV's carrier as they caused the collision and this is not our IV's fault...
Preview 2 out of 9 pages
Add to cartIf the CV R/E our IV while our IV was stopped at a traffic light and there was an injury in the CV to the driver of the CV, then you would Auto reassign this claim to Causality? - CORRECT ANS No- it should then go to the CV's carrier as they caused the collision and this is not our IV's fault...
Statutory Law - CORRECT ANS based on laws set forth by a governing authority; i.e. state legislature 
Stipulation - CORRECT ANS A stipulation is something specifically agreed to in a contract, such as an insurance contract. 
Stock - CORRECT ANS A Stock Insurance Company is owned by st...
Preview 2 out of 15 pages
Add to cartStatutory Law - CORRECT ANS based on laws set forth by a governing authority; i.e. state legislature 
Stipulation - CORRECT ANS A stipulation is something specifically agreed to in a contract, such as an insurance contract. 
Stock - CORRECT ANS A Stock Insurance Company is owned by st...
All of the following describe insurable interest EXCEPT: 
• It must exist at the time of the loss 
• It must exist for insurance to respond 
• Shows a similarity between insurance and wagering 
• The insured would suffer an economic loss - CORRECT ANS • Shows a similarity between insu...
Preview 3 out of 18 pages
Add to cartAll of the following describe insurable interest EXCEPT: 
• It must exist at the time of the loss 
• It must exist for insurance to respond 
• Shows a similarity between insurance and wagering 
• The insured would suffer an economic loss - CORRECT ANS • Shows a similarity between insu...
Which kind of losses are covered under a standard fire policy? - CORRECT ANS Direct 
All fires are not covered by the Standard Fire policies, only those that: - CORRECT ANS are hostile and have a flame or glow 
At what time does a fire policy go into affect? - CORRECT ANS 12:01am stan...
Preview 2 out of 13 pages
Add to cartWhich kind of losses are covered under a standard fire policy? - CORRECT ANS Direct 
All fires are not covered by the Standard Fire policies, only those that: - CORRECT ANS are hostile and have a flame or glow 
At what time does a fire policy go into affect? - CORRECT ANS 12:01am stan...
An adjuster is a fiduciary agent with a responsibility of loyalty to the interest of - CORRECT ANS The insured and insurer 
An insurer gives which of the following as Consideration for an insurance policy? - CORRECT ANS A Promise 
The interest of the insured and all other persons in the pr...
Preview 2 out of 9 pages
Add to cartAn adjuster is a fiduciary agent with a responsibility of loyalty to the interest of - CORRECT ANS The insured and insurer 
An insurer gives which of the following as Consideration for an insurance policy? - CORRECT ANS A Promise 
The interest of the insured and all other persons in the pr...
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Stuvia is a marketplace, so you are not buying this document from us, but from seller ACELEARNERS. Stuvia facilitates payment to the seller.
No, you only buy these notes for $17.59. You're not tied to anything after your purchase.
4.6 stars on Google & Trustpilot (+1000 reviews)
67474 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now