Examination
180 minutes
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7. This is Exam which will assess your knowledge on the course Learning
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State Insurance Claims Adjusters Certification 2024-
2025
Alabama Adjuster Pre-Licensing Exam Chapter 1
Review P&C, WC, and Crop Questions and Answers |
100% Pass Guaranteed | Graded A+ |
Read All Instructions Carefully and Answer All the
Questions Correctly Good Luck: -
Financial tool that protects individuals and
organizations from unforeseen and extraordinary
financial losses by transferring risk to another party -
=Answer>> Insurance
Always for profit
Usually publicly traded
Stockholders provide capital and participate in profits
and losses
"Non participating" insurers: no dividends go to
policyholders
Example AFLAC, Allstate, Geico - =Answer>> Stock
Insurance Companies
Owned by policy holders, (no shareholders),
Policy holders elect board of directors,
"participating" insurers: policyholders participate in
dividends
Example Nationwide, New York Life, State Farm -
=Answer>> Mutual Insurance Companies
an insurer that provides insurance for other insurers -
=Answer>> Re-Insurer
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