12/22/24, 9:27 AM Georgia Adjuster Exam 2024 Comprehensive Questions And Verified Answers/ Complete Solutions With Rationales |Get It 10…
Georgia Adjuster Exam 2024 Comprehensive
Questions And Verified Answers/ Complete
Solutions With Rationales |Get It 100%
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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?
,12/22/24, 9:27 AM Georgia Adjuster Exam 2024 Comprehensive Questions And Verified Answers/ Complete Solutions With Rationales |Get It 10…
The insured crashes into Combined Single
a 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 $100,000
split 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
,12/22/24, 9:27 AM Georgia Adjuster Exam 2024 Comprehensive Questions And Verified Answers/ Complete Solutions With Rationales |Get It 10…
What kind of liability Absolute
would 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 A change in the risk that substantially increases the
affect for at least 60 days hazard insured against
or is due 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
, 12/22/24, 9:27 AM Georgia Adjuster Exam 2024 Comprehensive Questions And Verified Answers/ Complete Solutions With Rationales |Get It 10…
The insurance principle Indemnity
that states if a policy
allows for greater
compensation than the
financial loss incurred,
the insured may only
receive benefits for the
amount lost.
Insurance is a contract by Loss
which one seeks to
protect another from
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