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GEORGIA ADJUSTER EXAM / GA ADJUSTER EXAM 2 LATEST VERSIONS 2024 (VERSION A & B) ACTUAL EXAM AND STUDY GUIDE 150 QUESTIONS AND CORRECT DETAILED ANSWERS$14.99
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GEORGIA ADJUSTER EXAM / GA ADJUSTER
EXAM 2 LATEST VERSIONS 2024 (VERSION A &
B) ACTUAL EXAM AND STUDY GUIDE 150
QUESTIONS AND CORRECT DETAILED ANSWERS
Practice questions for this set
Learn 6/7 Study with Learn
US Longshore and Harbor Workers Compensation Act
Give this one a try later!
When Mary decided to sue her neighbor for damages to her yard, she was told to get a
bond that would guarantee she would be able to pay court costs and resulting
damages if she loses the case. What kind of bond is this?
1
Cost bonds guarantee that the person (plaintiff) who brings legal action against
another (defendant) will be able to pay court costs and any resulting damages in the
event he or she loses the case.
An owner and operator of a commercial business has included a Business Income
Coverage form with his Commercial Package policy. When the business is severely
2 damaged by fire, the business income coverage will pay for
Profits that would have been realized if there had been no loss and the expenses of the
business that continue, even though the business is not operating
, 3 Elements of negligence
Shipbuilders and repairers are covered by
A federal law offering workers compensation benefits to workers who are injured on
navigable who are normally not covered by state workers compensation laws.
Don't know?
Terms in this set (137)
An insured's business is Consequential also known as Indirect Loss
damaged because of a fire
and he is forced to close
business temporarily for
repairs. As a result the
insured lost income. What
type of loss is this?
,The insured crashes into a Combined Single
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 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 $100,000
limits of 100/300/100, what
is the maximum amount that
would be payable in the
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
, What kind of liability would Absolute
a person with a swimming
pool have?
Any conduct that is
inherently dangerous
imposes this liability. The
claimant does not have to
prove anythhing.
An agent license can be Only to individuals
issued
If a policy has been in affect A change in the risk that substantially increases the
for at least 60 days or is due hazard insured against
for renewal, a cancellation
may only be affected for
this reason
An insurer that holds a Authorized Insurer
Certificate of Authority in
the state in which it
transacts business is
considered to be
An insured must get 15%
advanced warning if the
premiums will be increased
by more than
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
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