100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
GEORGIA ADJUSTER EXAM / GA ADJUSTER EXAM 2 LATEST VERSION ACTUAL EXAM AND STUDY GUIDE 137 QUESTIONS AND CORRECT DETAILED ANSWERS $25.99
Add to cart
Quickly navigate to
Preview
  2.  
  3. GEORGIA ADJUSTER
  4.  
  5. GEORGIA ADJUSTER

Exam (elaborations)

GEORGIA ADJUSTER EXAM / GA ADJUSTER EXAM 2 LATEST VERSION ACTUAL EXAM AND STUDY GUIDE 137 QUESTIONS AND CORRECT DETAILED ANSWERS

2 reviews
 5 purchases
  • Course
  • GEORGIA ADJUSTER
  • Institution
  • GEORGIA ADJUSTER

GEORGIA ADJUSTER EXAM / GA ADJUSTER EXAM 2 LATEST VERSION ACTUAL EXAM AND STUDY GUIDE 137 QUESTIONS AND CORRECT DETAILED ANSWERS

Preview 3 out of 19  pages

Document information

  • October 23, 2024
  • 19
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • georgia adjuster exam ga adjuster exam 2

Written for

  • GEORGIA ADJUSTER
  • GEORGIA ADJUSTER

2  reviews

review-writer-avatar

By: chenyguti • 2 weeks ago

review-writer-avatar

By: Cucurella • 3 months ago

Seller

avatar-seller
ProLabs

Reviews received

Content preview

10/23/24, 8:10 PM GEORGIA ADJUSTER EXAM / GA ADJUSTER EXAM 2 LATEST VERSION ACTUAL EXAM AND STUDY GUIDE 137 QUESTIO…




GEORGIA ADJUSTER EXAM / GA ADJUSTER
EXAM 2 LATEST VERSION ACTUAL EXAM AND
STUDY GUIDE 137 QUESTIONS AND CORRECT
DETAILED ANSWERS


Terms in this set (137)


An insured's business is damaged because of a fire
Consequential also known and he is forced to close business temporarily for
as Indirect Loss repairs. As a result the insured lost income. What type
of loss is this?

The insured crashes into a porch and the person
sitting on the porch. The person on the porch is
injured. The insured's insurance policy has a limit set at
$500,000. This amount applies to the total of damages
for any bodily injury and property damage resulting
Combined Single
from one accident. Which type of limit of liability does
the insured have? This single dollar limit of liability
applying to the total of damages for bodily injury and
property damage combined resulting from one
accident or occurrence

If a liability policy had split limits of 100/300/100, what
is the maximum amount that would be payable in the
$100,000 event of injury to a single person? The first limit shown
is the most the policy will pay for bodily injury to any
one person




https://quizlet.com/961567290/georgia-adjuster-exam-ga-adjuster-exam-2-latest-version-actual-exam-and-study-guide-137-questions-and-correct-det… 1/19

,10/23/24, 8:10 PM GEORGIA ADJUSTER EXAM / GA ADJUSTER EXAM 2 LATEST VERSION ACTUAL EXAM AND STUDY GUIDE 137 QUESTIO…

What kind of liability would a person with a swimming
pool have?

Absolute
Any conduct that is inherently dangerous imposes this
liability. The claimant does not have to prove
anythhing.

Only to individuals An agent license can be issued

A change in the risk that If a policy has been in affect for at least 60 days or is
substantially increases the due for renewal, a cancellation may only be affected
hazard insured against for this reason

An insurer that holds a Certificate of Authority in the
Authorized Insurer
state in which it transacts business is considered to be

An insured must get advanced warning if the
premiums will be increased by more than


15% Written notice of an increase in premiums that exceed
this amount of the current policy's premium must be
delivered or mailed to the insured at least 45 days
before the effective date of the change

The insurance principle that states if a policy allows
for greater compensation than the financial loss
Indemnity
incurred, the insured may only receive benefits for the
amount lost.

Insurance is a contract by which one seeks to protect
Loss
another from




https://quizlet.com/961567290/georgia-adjuster-exam-ga-adjuster-exam-2-latest-version-actual-exam-and-study-guide-137-questions-and-correct-det… 2/19

, 10/23/24, 8:10 PM GEORGIA ADJUSTER EXAM / GA ADJUSTER EXAM 2 LATEST VERSION ACTUAL EXAM AND STUDY GUIDE 137 QUESTIO…

The loss settlement based on the reasonable and fair
portion that the lost or damaged part bears to the
total value of the set


In the event of a loss to only part of a pair or set,
losses will be settled either by repairing or replacing
the damaged part or by paying the difference
Pair and Set Clause between the actual cash value before and after the
loss.
Provides the insurer a method of settling a loss when
only a part of the insured pair or set is damaged. The
insurer will pay for the loss or damage to an insured
item, plus the amount that the loss of one item
detracts from the value of undamaged item(s) of the
pair or set.

Insuring clause, The essential parts of an insurance policy
Exclusions, Conditions

Because an insurance policy is legal contract, it must
conform to the state laws governing contracts which
require all the following statements except
Conditions


Legal purpose, Consideration, Conditions, Offer and
Acceptance

An insurance contract must contain all of the
following to be considered legally binding EXCEPT


Offer and Acceptance, Consideration, Beneficiary's
Beneficiary's consent Consent, Competent Parties


The essential elements of a legal contract are
Offer and Acceptance, Consideration, Competent
Parties, Legal Purpose




https://quizlet.com/961567290/georgia-adjuster-exam-ga-adjuster-exam-2-latest-version-actual-exam-and-study-guide-137-questions-and-correct-det… 3/19

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

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!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

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.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller ProLabs. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $25.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

69052 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 15 years now

Start selling
$25.99  5x  sold
  • (2)
Add to cart
Added