100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Adjuster Pro 1A – B Study Guide. $10.49
Add to cart
Quickly navigate to
Preview
  2.  
  3. Adjuster Pro
  4.  
  5. Adjuster Pro

Exam (elaborations)

Adjuster Pro 1A – B Study Guide.
 0 purchase

Adjuster Pro 1A – B Study Guide. Agreement - answerOne of the 4 requirements of a legally binding contract. All parties involved must agree to the terms of the contract. Can also refer to a binder, which is the preliminary substance of a contract. aleatory - answerA characteristic of an insur...

[Show more]

Preview 1 out of 3  pages

Document information

  • November 3, 2024
  • 3
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • adjuster pro 1a b study guide

Written for

All documents for this subject (284)

Seller

avatar-seller
Thebright

Reviews received

Content preview

©THEBRIGHT EXAM SOLUTIONS
10/30/2024 10:31 PM


Adjuster Pro 1A – B Study Guide.


Agreement - answer✔One of the 4 requirements of a legally binding contract. All parties
involved must agree to the terms of the contract. Can also refer to a binder, which is the
preliminary substance of a contract.

aleatory - answer✔A characteristic of an insurance contract. Means " depending on unknown
future event." An insurance contract will only pay IF and When covered damages occur. Neither
party knows how much the contract will end up paying when they enter into the contract.

competence - answer✔One of the 4 qualifications of a legally binding contract. All parties must
be competent, with the necessary legal and mental capacity.

Conditions - answer✔The section of a policy that qualifies or limits an insurer's promise to pay
or perform.

Consideration - answer✔One of the 4 qualifications of a legally binding contract. All parties
must bring something of value to the contract.

Contract - answer✔An agreement entered into voluntary by two parties or more with the
intention of creating a legal obligation.

Coverages - answer✔The amount and extent of protection provided by an insurance policy.

Dec Page - answer✔Also called the declarations page. First page of a policy, which provides a
summary of the contract; includes names of insured, addresses, coverage limits, policy period,
etc.

Definitions - answer✔Page in policy that gives specific limited meaning to terms used in policy.

Exclusions - answer✔A section of an insurance policy that reduces coverage by listing specific
individuals, property, or perils that are NOT covered by the policy.

Fraternal Benefit Societies - answer✔Non-profit mutual aid organizations that engage primarily
in charitable or benevolent activities. They offer their members insurance against death, disease,
and disability.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

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

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 Thebright. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $10.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

69052 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 15 years now

Start selling
$10.49
  • (0)
Add to cart
Added