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Adjusterpro Section-6 Questions And Answers 100% Correct!!! Latest Updated 2024
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Adjusterpro Section-6 Questions And Answers 100% Correct!!! Latest Updated 2024
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Adjusterpro Section-6 Questions AndAnswers 100% Correct!!! Latest Updated
2024
Adjuster's Ethical SItuation - ANSWER✔✔ -Adjuster make frequent decisions
involving larger amounts of money
-Adjusters should always determine a fair and equitable settlement that abides by
the insurance contract
Inducement - ANSWER✔✔ An action, item, or promise made to someone to
motivate them toward certain desired actions
Consequences for Accepting Inducements - ANSWER✔✔ -Losing license
-Reputation Loss
-Lawsuits
-Jail time
Kickbacks - ANSWER✔✔ Money or favors offered to the adjuster in exchange for
referring business to specific repair shops or contractors
Settlement Padding - ANSWER✔✔ Increasing the settlement amount dishonestly
in order to increase commissions
Misappropriating Salvaged Property - ANSWER✔✔ Adjusters must never
misappropriate salvaged property for their own use or the use of others
Adjuster Code of Ethics - ANSWER✔✔ 1. Disclosure
, 2. Equal Treatment
3. Avoid Prejudice
4. Truthfulness
5. Integrity
6. Diligence and Dispatch
7. Reporting Violations
8. Elderly Claimants
9. Attorneys
10. Witnesses
11. Right to Attorney
12. Traumatized Claimants
13. Advising of Rights
14. Release Forms
15. Competence
Adjuster Code Rule #1 Disclosure - ANSWER✔✔ Adjusters shall disclose all
direct or indirect financial interest they have in adjusting a claim
Adjuster Code Rule #2 Equal Treatment - ANSWER✔✔ -An adjuster shall treat all
claimants equally
-Do not favor your nice clients
-Do not disfavor your rude clients
Adjuster Code Rule #3 Avoid Prejudice - ANSWER✔✔ Adjusters must never be
prejudiced in their investigations, adjustments, or settlements
Adjuster Code Rule #4 Truthfulness - ANSWER✔✔ An adjuster shall make
truthful and unbiased reports of the facts after making a complete investigation
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