Exam (elaborations)

Adjuster Pro Texas WITH 100- CORRECT ANSWERS 2024.

4 views 0 purchase

Course
Adjuster Pro

Institution
Adjuster Pro

All of the following pieces of information can be found in the conditions section of an insurance policy EXCEPT: Causes of loss that are not covered Which of the following best defines the principle of indemnity? After a loss, the insured should be restored to his approximate financial con...

[Show more]

Preview 4 out of 70 pages

View example

Uploaded on August 30, 2024
Number of pages 70
Written in 2024/2025
Type Exam (elaborations)
Contains Questions & answers

adjuster pro texas

Institution
Adjuster Pro
Course
Adjuster Pro

BRAINBOOSTERS

Member since 1 year 321 documents sold

230

CA$20.11

Added

Add to cart

Add to wishlist

100% satisfaction guarantee
Immediately available after payment
Both online and in PDF
No strings attached

Adjuster Pro Texas WITH
100% CORRECT ANSWERS
2024

All of the following pieces of information can be
found in the conditions section of an insurance
policy EXCEPT: - answer Causes of loss that are not
covered

Which of the following best defines the principle of
indemnity? - answer After a loss, the insured
should be restored to his approximate financial
condition before the loss

SureTrust Insurance was founded and operates in
Texas. In Texas, Suretrust is considered - answer a
domestic insurer

What is a reserve, in insurance terms? - answer A
pool of collected premiums that the insurer sets
aside to pay claims

Which of the following would you find in the
Conditions section of an insurance policy? - answer
The insured's duty after a loss

,Which of the following is found in the declarations
page of an insurance policy? - answer The name of
the insured party

Which of the following refers to being restored to
the financial condition you were in before a loss? -
answer Indemnification

Dr. Nelson routinely schedules her patients for lab
tests that they dont need so she can charge their
insurers for more money. Dr. Nelson is: - answer
committing health insurance fraud

Six Starts Development Company has just
purchased several large properties in Las Vegas.
As a result of this large purchase, they are a little
short on money and decide to save money by not
purchasing insurance on their new properties. Six
Stars is practicing: - answer Risk retention

Which of the following people committed soft
fraud? - answer Rafael accidentally slipped on a
wet floor at the supermarket. Although his only
injury was a sprained ankle, he claimed he had
back and neck pain when he sued the supermarket
in an effort to get more money in the settlement.

,When a car stops short in front of Mike's car, he
manages to hit the brakes in time and avoids a
collision. To Mike's surprise, the other driver then
throws the car into reverse and backs into Mike's
car! The other drivers actions are an example of: -
answer Hard fraud

When Louise goes online and fills out phony
applications with XYZ Auto Insurance in order to
print the temporary insurance cards and sell them
for a profit on the black market, she is: - answer
Committing hard fraud

Lucy has insurance on an expensive necklace she
likes to wear to work every day. After work, she
takes it off and leaves it in her car's cupholder so
she can put it back on in the morning on her way to
work. Lucy's behavior would be considered a: -
answer Morale hazard

When an insurer issues an insurance policy, the
actual item, person, or organization that is being
insured is called the: - answer Risk

Which of the following situations does not involve
an instance of "pure risk" - answer Loss of money
invested in the stock market

, Which of the following is an example of how some
insurers are fighting back against insurance fraud?
- answer Starting fraud busting units staffed with
former detectives and police officers

Which of the following is NOT a form of insurance
fraud? - answer Increasing your insurance
coverage when you think a loss is likely

Steve has just purchased a wedding ring for his
new bride. If something were to happen to the
ring, he'd be out of a lot of money, so he purchases
an insurance policy. He is able to do this because: -
answer The ring is a pure risk

Haley takes a bottle of water into a store, pours
some of it on the floor when no one is looking, and
then pretends to slip and fall. She cries out for
help in apparent pain until someone comes to her
aid. She then sues the store for her fake injury in
an effort to collect an insurance settlement. What
has Haley committed? - answer Hard fraud

After an earthquake, Jake's home is still standing,
but it is a little shaken. The damage is not
extensive but Jake wants to cash in on the
situation, so he takes a sledgehammer to some of
his extra belongings and adds them to his claim.

The benefits of buying summaries with Stuvia:

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

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

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 BRAINBOOSTERS. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for CA$20.11. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

75759 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling

Exam (elaborations)

Adjuster Pro Texas WITH 100- CORRECT ANSWERS 2024.

Document information

Subjects

Written for

Seller

Reviews received

Content preview