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AdjusterPRO Final Exam Questions and Answers 100% Solved | Graded A+ -+What is a reserve, in insurance terms? - A pool of collected premiums that the insurer sets aside to pay claims Which of these scenarios is NOT an example of indemnification? - When trying to renew her dog's license, Ellen has to pay a penalty to the city for letting its rabies vaccination lapse. Ellen having to pay a fine is not an example of indemnification. Indemnification means being restored to the financi...

AdjusterPro - Practice Exam Questions and Answers 100% Solved Stephen's insurer denied his claim because the peril was not covered. But, according to Stephen's understanding of the policy, his loss should be covered, so he filed a dispute. During the trial, the jury agreed that the policy language was open to interpretation, so they decided in favor of Stephen. This is because: A. insurance policies are contracts of adhesion. B. insurance policies are conditional contracts. C...

Adjuster Pro: Indiana Adjuster's License - Practice Exam Q&A 100% Solved | Rated A+ On January 27, 2008, Ryan was using an exercise bike purchased from NusquamCycle when the chain broke, causing him to fall and severely bruise his knee. It seemed to heal just fine, but three years later, on January 25, 2011, Ryan's knee gave out while jogging. His doctor told him that he'll need surgery and that this deterioration resulted from the earlier accident with the exercise bike....

Adjuster Pro Texas Exam Questions and Answers 100% Solved | Graded A+ All of the following pieces of information can be found in the conditions section of an insurance policy EXCEPT: - Causes of loss that are not covered Which of the following best defines the principle of indemnity? - After a loss, the insured should be restored to his approximate financial condition before the loss SureTrust Insurance was founded and operates in Texas. In Texas, Suretrust is considered - a domes...

Adjuster Pro Practice Exam Questions and Answers 100% Solved | Graded A+ Stu has a collection of rare comic books. He wants to purchase theft insurance for his collection, separate from his home and other property. What term most accurately describes the type of policy Stu would purchase? - Monoline Policy Which of the following statements does NOT apply to the Standard Fire Policy? - It automatically covers wind and vandalism. Which of the following refers to being restored to the ...

Adjuster Pro Oklahoma Practice Exam Q&A 100% Guaranteed Pass | Rated A+ The source of the adjusters authority - In the context of insurance adjusting, who is the principal? Coverage is not negotiable - When Nancy is pulling into her driveway, she accidentally hit the gas and plowed through her front wall. She tries to negotiate the claim with the adjuster, why is this not possible? True - True or false: assuring a claimant a policy is covered without determining the cause of loss is ...

Adjuster Pro Exam Questions and Answers 100% Solved | Graded A+ John is doing some lawn maintenance using a steel blade on his weedwhacker. He fails to properly tighten the blade and it comes loose while he is trimming some tall grass at the edge of his property. The blade flies off towards his neighbor's house and crashes into the HVAC unit, severing the lines and effectively destroying the unit. Which coverage in John's homeowners policy might pay for the damage he caused to ...

Adjuster Pro 2 Exam Questions with 100% Correct Answers | Rated A+ Agent - one who recieves the authority to act on behalf of someone else Sales Agent - receives authority to sell -authority given by written contract Insurance Adjuster - receives authority to settle claims brought against the insurer - authority given by written contract Three major responsibilities of contracted agents - 1. follow the contract 2. always use reasonable judgement & care 3. provide all necessary in...

Adjuster Pro - Insurance Adjuster Test Exam Questions and Answers 100% Solved What is insurance? - protection against financial loss what is a premium - a scheduled amount to be paid for an insurance policy. What are premiums used for - premiums are collected into a "pool" or "reserve to pay out claimants when needed. how can insurance companies afford to pay for an individuals catastrophic loss? - the insurer collects premiums from all policy holders and uses them to pay...

Adjuster Pro: State Insurance Claims Adjuster Certification Adjuster-Pro Exam Review Questions with Correct Answers | 100% Pass Guaranteed | Graded A+ |