Examination
180 minutes
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State Insurance Claims Adjuster- Pro Certification
2024- 2025
Adjuster Pro: Indiana Adjuster's Exam
Comprehensive Review Study Guide | 100% Pass
Guaranteed | Graded A+ |
Read All Instructions Carefully and Answer All the
Questions Correctly Good Luck: -
insurance - =Answer>> transfer of risk
insurance - =Answer>> transfer of risk
Insurable acreage - =Answer>> All of the acreage of
the insured crop, for which a premium rate is provided
in the actuarial documents, in which the insured has a
financial interest, and which is planted in the county
listed on the application.3-E
Insurance - =Answer>> A financial device that
transfers the risk of unexpected, catastrophic losses
from one party to another.1-A
Insurance Commissioner - =Answer>> Most states
have an insurance commissioner who is responsible for
regulating many aspects of the insurance industry
(especially those concerning the financial solvency of
the insurers doing business in the state). The
commissioner oversees the financial stability of
insurers and regulates the rates that insurers charge.6-
E
Insurance Company - =Answer>> Company which
sells insurance policies to individuals or to other
companies.1-A
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Insurance Fraud - =Answer>> Using insurance to
obtain money unlawfully. This can be done by a
policyholder, or by an insurer or an insurer's
employees. There are two kinds of insurance fraud: soft
fraud and hard fraud.
Insurance Information and Privacy Protection Act (IIPPA)
- =Answer>> Regulates how an insurance company
can use consumers' private information. Deals
specifically with how insurance companies collect, use
and share personal information about their
policyholders and gives the consumer the opportunity
to prevent certain information from being shared.
Requires that insurers tell consumers why insurance
coverage was declined or why insurance claims were
denied.6-D
Insurance Policy - =Answer>> A contract wherein an
insured pays premiums to an insurer in exchange for
financial protection in the event of a covered loss.1-A
Insurance Rating Systems - =Answer>> Methods of
evaluating the risk involved in insuring a person,
property, or a corporation. Insurers use rating systems
to calculate premiums. 6-E/G
Insured - =Answer>> A person or entity who is
covered under an insurance policy. 1-A
Insured crop - =Answer>> The crop in the county for
which coverage is available as specified by the policy.3-
E
Insurer - =Answer>> The person or entity providing
coverage to one or more insureds.1-A
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Insuring Agreement - =Answer>> A section of an
insurance policy that summarizes the insurer's promise
to pay. Includes list of covered property and perils. 1-B
Interest - =Answer>> Direct financial interest in
protecting a unit.1-I
Intervening Cause - =Answer>> A separate
occurrence that "intervenes" between a defendant's
actions and damage or loss to another person. An
intervening cause may decrease the defendant's
liability, if the defendant can show that it was the
intervening cause (rather than the defendant himself)
that caused the damage or loss
Joint Liability - =Answer>> Liability shared by two or
more persons.4-D
Jones Act (Merchant Marine Act) - =Answer>>
Protects injured seamen by allowing them to sue for
damages and to choose a jury trial. Seamen are
covered by the Jones act instead of by workers'
compensation insurance. 5-G
Judgement - =Answer>> An official court ruling
forming a final decision resolving a dispute or forming a
final decree.
Kickbacks - =Answer>> Any sort of reward or
remuneration for referrals or favors; for example, a
body shop giving money to an adjuster for referring
customers. This is unethical behavior.
Landlord - =Answer>> One who has leased property
to a tenant. 3-B
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