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Certified Claims Adjuster- Florida Exam Questions And Correct Answers
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Certified Claims Adjuster- Florida Exam Questions And Correct Answers Repair, replacement and recovery of injured lives and damaged property falls to? - answerInsurance Adjusters, CAT Troopers, Field Investigators, Property Appraisers and Front Line Supervisors Insurance Transaction includes: ...

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  • October 15, 2024
  • 23
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • certified claims adjuster florida exam questions

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  • Adjuster
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©SIRJOEL EXAM SOLUTIONS
10/14/2024 11:14 PM




Certified Claims Adjuster- Florida Exam
Questions And Correct Answers


Repair, replacement and recovery of injured lives and damaged property falls to? -

answer✔Insurance Adjusters, CAT Troopers, Field Investigators, Property Appraisers and Front

Line Supervisors


Insurance Transaction includes: - answer✔-Solicitation of insurance


-Negotiations;

-Binding, underwriting and sale of insurance;

-Handling or "adjusting" of claims


The Role of Insurance is: - answer✔- Essential Product


-Financial Product

- Purchase of a Promise

-Purchase based on TRUST


The different types of insurance are: - answer✔-Health

, ©SIRJOEL EXAM SOLUTIONS
10/14/2024 11:14 PM
-Life

-Property

-Casualty


When you buy insurance, you are buying: - answer✔Peace of Mind


Insurance is a Purchase based on: - answer✔Trust


The most important factor in the purchase of insurance is: - answer✔Trust


An assertion of an alleged legal right against a person, entity, company or insurer that carries

with it a demand for relief is: - answer✔Claim


Is the same as a request, demand, a letter requesting action, a bill submitted for payment: -

answer✔Assertion


Means that the claim may or may not be valid or legitimate, or that there may not be any legal

right for belief: - answer✔Alleged


Relief: - answer✔Compensation or payment. Can also mean:


-restitution

-return

-recovery

-replacement

, ©SIRJOEL EXAM SOLUTIONS
10/14/2024 11:14 PM
Takes form in property or money


Third Party Claim: - answer✔A claim made by a third party against an "insured" person or entity


First Party Claim: - answer✔A claim made by a policy holder against his/her own insurance

company for recovery under the policy (contract) for which a premium has been paid


Carrier's Claim Handling Goal #1: - answer✔To help those who have been injured or who have

suffered loss for which the insured is responsible or which is covered by the insurance contract


Carrier's Claim Handling Goal #2: - answer✔To minimize loss for the insured party and the

carrier. To fairly evaluate the legitimacy and legality of a claim and its value and resolve

satisfactory


Carrier's Claim Handling Goal #3: - answer✔-To comply with the requirements of the law or

terms of the insurance contract

-To pay claims fairly and adequately


Carrier's Claim Handling Goal #4: - answer✔To maintain friendly and satisfactory relations

between the injured party, the employer or policy holder, the insurance company an the public


Carrier's Claim Handling Goal #5: - answer✔To satisfy the company's moral and ethical

obligation to the public and conduct business (claims) in a friendly, helpful manner

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