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Adjuster Pro - Insurance adjuster test Latest Updated
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Adjuster Pro - Insurance adjuster test Latest Updated
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Adjuster iPro i-iInsurance iadjuster itest iLatest iUpdated What iisiinsurance? i-iicorrect ianswer --protection iagainst ifinancial iloss what iisiaipremium i-iicorrect ianswer --aischeduled iamount ito ibe ipaid ifor ian iinsurance ipolicy. What iare ipremiums iused ifor i-iicorrect ianswer --
premiums iare icollected iinto iai"pool" ior i"reserve ito ipay iout iclaimants iwhen ineeded. how ican iinsurance icompanies iafford ito ipay ifor ian iindividuals icatastrophic iloss? i-iicorrect ianswer --
the iinsurer icollects ipremiums ifrom iall ipolicy iholders iand iuses ithem ito ipay iout ithe iclaims iof iaifew. what iisiIndemnity i-iicorrect ianswer --
payment ifor idamages, ithat iisinot imore ior iless ithan ithe iamount icaused iby ithe idamage. principle iof iidemnity i-iicorrect ianswer --
insurance iwill ipay ino imore ior iless ithan ithe iactua lifinancial iloss isuffered indemnification imay ialso iinclude i-iicorrect ianswer --repairs ito iproperty reimbursement ifor iadditional iliving iexpenses rental icars iand ihotels costs idirectly iassociated iwith iailoss 4iParts iof iLegal iContract i-iicorrect ianswer --1.iAgreement 2.iConsideration 3.iCompetent iParties 4.iLegal iPurpose legal icontract i-iagreement i-iicorrect ianswer --mutual iintent iby iofferor iand iofferee six ispecial icharacteristics iof iinsurance icontracts i-iicorrect ianswer --1.iPersonal i 2.iadhesion 3.iutmost igoodifaith 4.ialeatory 5.iunilateral 6.iconditional what ikind iof icontract iisian iinsurance ipolicy? i-iicorrect ianswer --Personal icontract what iisiaicontract iof iadhesion i-iicorrect ianswer --
the iinsured imust iaccept ithe ientire icontract iwith iall iof iits iterms iand iconditions Utmost iGood iFaith i-iicorrect ianswer --
An iobligation ito iact iinicomplete ihonesty iand ito idisclose iall irelevant ifacts. Aleatory iContract i-iicorrect ianswer --
aicont ract iwhere ithe ivalues iexchanged imay inot ibe iequal ibut idepend ion ian iuncertain ievent Unilateral iContract i-iicorrect ianswer --
insurance iagrees ithat ithey imust ipay iinievent iof iaiclaim. ithe iinsured ican istop ipaying ipremiums iat iany ipoint. only ithe iinsurer ihas ipromi sed ito iperform ian iaction. Conditional iContract i-iicorrect ianswer --
Aitype iof ian iagreement iiniwhich iboth iparties imust iperform icertain iduties iand ifollow irules iof iconduct ito imak
eithe icontract ienforceable. Acronym ifor ithe ifour isections iof ian iInsurance ipolicy i-iicorrect ianswer --DICE Di-ideclarations ipage i Ii-iInsuring iAgreement C-iConditions Ei-iExclusions Decelerations isection i-iicorrect ianswer --Always ithe ifirst isection i-iestablishes ithe ifollowing i Names iof iboth iparties i Policy inumber Location iand idescription iof iinsured iitem Dates iof ithe ipolicy Amount iand ilimit iof icoverage Deductible Premium Definitions isection i-iicorrect ianswer --
Defines iterms iused ito iwrite ipolicy iincluding i"collusion" i"decay" i"like ikind iand iquality" i Includes iimportant ilanguage ifor iadjusters ito iknow Insuring iagreement isection i-iicorrect ianswer --What iisicovered iand ihow i Which icauses iof iloss iare icovered Any iservices iprovided
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