Alaska Adjuster Questions And Answers 100% Guaranteed Success.
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Alaska Adjuster!
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Alaska Adjuster!
Alaska Adjuster Questions And Answers 100% Guaranteed Success.
The coverage trigger - correct answer. When an insurance agent is writing a CGL policy and he/she has a choice of using an "occurrence" form or a "claims-made" form, he/she should be aware that the main difference betwe...
Alaska Adjuster Questions And Answers
100% Guaranteed Success.
The coverage trigger - correct answer. When an insurance agent is writing a CGL
policy and he/she has a choice of using an "occurrence" form or a "claims-made" form,
he/she should be aware that the main difference between the two forms is
A jeweler's block policy - correct answer. An inland marine coverage which covers a
store that has an average inventory of $250,000 or less of jewelry would need
Instrumentalities - correct answer. With inland marine insurance bridges, tunnels,
and communication towers are referred to as
Retroactive date - correct answer. The claims-made form of the CGL is designed to
cover losses that are reported during the policy period. In order to limit the insurer's
exposure to events that happened prior to the inception of the current policy, a ______
is used to exclude coverage for occurrences prior to that point.
$100 Billion - correct answer. Under the Terrorism Risk Insurance Program
Reauthorization Act of 2015, the maximum limit for the Act for total claims paid under
the Act by either private insurers or the government is still limited to
$25,000 - correct answer. After a hearing, if the Alaska Director of Insurance finds
that a licensee has intentionally engaged in an unfair method of competition or an unfair
or deceptive act or practice, he or she may assess a penalty of not more than _____ for
each violation
Replacement without deduction for depreciation - correct answer. Replacement cost
coverage is best defined as
, The person's license may be suspended or revoked - correct answer. What is the
penalty if a licensee refuses to submit to an examination of records ordered by the
Alaska Director of Insurance or to comply with a reasonable written request of an
examiner?
Physical Damage - correct answer. A deductible usually applies to which of the
following automobile policy coverages?
Speculative - correct answer. A risk where both profit and loss are possible is known
as
$140 million - correct answer. Under the Terrorism Risk Insurance Program
Reauthorization Act of 2015, what is the "trigger limit" before claims are paid for the
year 2017?
Unilateral - correct answer. Which of the following terms is used to indicate that the
insurance company is the only party legally bound to perform its duties under the
policy?
Within 60 days of the policy expiration date - correct answer. The basic extended
reporting period on the "claims-made" Commercial General Liability policy allows claims
occurring in the past 5 years to be covered, as long as they are reported
After a waiting period of 48 hours, her policy will pay $20 per day up to a maximum of
$600 - correct answer. Mary's automobile is stolen. The theft is properly reported to
the police and the insurance company. She rents a car for two months. Which of the
following would apply for the rental car?
Specific excess coverage - correct answer. Under a self-insured workers
compensation plan, what coverage should be purchased to cover a claim that is more
than the insured's self-insured limits?
Commercial property - correct answer. The Terrorism Risk Insurance Program
Reauthorization Act of 2015 excludes all of the following, EXCEPT:
Up to $200 per day - correct answer. how much will supplementary payments under
the personal auto policy pay for loss of earnings
Business income - correct answer. Which of the following coverages may be added
by endorsement to an Equipment Breakdown Policy?
$100,000 per occurrence - correct answer. What is the standard minimum limit for
personal liability coverage on Homeowners policies?
professional - correct answer. What type of coverage would a physician, surgeon, or
dentist require?
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