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Claims Adjuster Exams with 100% Correct Answers 2023
Claims Adjuster Exams with 100% Correct Answers 2023
[Show more]Claims Adjuster Exams with 100% Correct Answers 2023
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Accumulated Depreciation Correct 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) Correct Answer: A valuation method used by insurers to reflect an item's current market value right before being damag...
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Add to cartAccumulated Depreciation Correct 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) Correct Answer: A valuation method used by insurers to reflect an item's current market value right before being damag...
Accident Correct Answer: Sudden, unexpected events that cause property damage or bodily injury. Actual Damages Correct Answer: Damages that have a specified cost to repair them Actual Total Loss Correct Answer: Complete destruction of insured property, so that nothing of value remains. ACV (Actual C...
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Add to cartAccident Correct Answer: Sudden, unexpected events that cause property damage or bodily injury. Actual Damages Correct Answer: Damages that have a specified cost to repair them Actual Total Loss Correct Answer: Complete destruction of insured property, so that nothing of value remains. ACV (Actual C...
What is insurance? Correct Answer: protection against financial loss what is a premium Correct Answer: a scheduled amount to be paid for an insurance policy. What are premiums used for Correct Answer: premiums are collected into a "pool" or "reserve to pay out claimants when needed. how can insur...
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Add to cartWhat is insurance? Correct Answer: protection against financial loss what is a premium Correct Answer: a scheduled amount to be paid for an insurance policy. What are premiums used for Correct Answer: premiums are collected into a "pool" or "reserve to pay out claimants when needed. how can insur...
626.854 (3) - Correct Answer -A public adjuster may not give legal advice or act on behalf of or 
aid any person in negotiating or settling a claim relating to bodily injury, death, or noneconomic 
damages. 
626.854 (5) - Correct Answer -A public adjuster may not directly or indirectly through any o...
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Add to cart626.854 (3) - Correct Answer -A public adjuster may not give legal advice or act on behalf of or 
aid any person in negotiating or settling a claim relating to bodily injury, death, or noneconomic 
damages. 
626.854 (5) - Correct Answer -A public adjuster may not directly or indirectly through any o...
Insurance Adjuster 
ACV - Correct answer-Actual Cash Value 
ALE - Correct answer-Additional Living Expense 
CE - Correct answer-Continuing Education 
CGL - Correct answer-Commercial General Liability 
CIM - Correct answer-Commercial Inland Marine 
COM - Correct answer-Commercial Ocean Marine 
CPP - ...
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Add to cartInsurance Adjuster 
ACV - Correct answer-Actual Cash Value 
ALE - Correct answer-Additional Living Expense 
CE - Correct answer-Continuing Education 
CGL - Correct answer-Commercial General Liability 
CIM - Correct answer-Commercial Inland Marine 
COM - Correct answer-Commercial Ocean Marine 
CPP - ...
PERILS Correct Answer: A CAUSE OF PROPERTY LOSSES UNDER AN INSURANCE 
CONTRACT EX: WINDSTORM, HURRICANE, EXPLOSION, COLLAPSE OF BUILDING, 
VANDALISM, ACCIDENTAL DISCHARGE, AND THEFT 
LAW OF LARGE NUMBERS Correct Answer: A FUNDAMENTAL CONCEPT IN 
STATISTICS AND PROBABILITY THAT DESCRIBES HOW THE AVER...
Preview 4 out of 31 pages
Add to cartPERILS Correct Answer: A CAUSE OF PROPERTY LOSSES UNDER AN INSURANCE 
CONTRACT EX: WINDSTORM, HURRICANE, EXPLOSION, COLLAPSE OF BUILDING, 
VANDALISM, ACCIDENTAL DISCHARGE, AND THEFT 
LAW OF LARGE NUMBERS Correct Answer: A FUNDAMENTAL CONCEPT IN 
STATISTICS AND PROBABILITY THAT DESCRIBES HOW THE AVER...
Actual Cash Value (ACV) - Correct answer-Cost to replace property with new property 
of like kind and quality less depreciation. 
Combined Single Limit - Correct answer-One limit per occurrence is what we pay up to 
Split limit - Correct answer-What we pay up to per person and per occurrence 
Deduct...
Preview 2 out of 12 pages
Add to cartActual Cash Value (ACV) - Correct answer-Cost to replace property with new property 
of like kind and quality less depreciation. 
Combined Single Limit - Correct answer-One limit per occurrence is what we pay up to 
Split limit - Correct answer-What we pay up to per person and per occurrence 
Deduct...
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