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Adjuster Pro Practice Exam 2023 Questions and Answers(Verified Answers) Adjuster Pro Practice Exam 2023 Questions and Answers(Verified Answers)

Adjuster Pro - Insurance Adjuster Test 2023 Questions and Answers (Verified Answers) Adjuster Pro - Insurance Adjuster Test 2023 Questions and Answers (Verified Answers)

Adjuster Pro - Insurance Adjuster Florida Test 2023 Questions and Answers (Verified Answers) Adjuster Pro - Insurance Adjuster Florida Test 2023 Questions and Answers (Verified Answers)

Adjuster Pro – Exam With 100% Certified Answers 2023 Accumulated Depreciation - CORRECT ANSWER-The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Actual Cash Value (ACV) - CORRECT ANSWER-A valuation method used by insurers to reflect an item's current market value right before being damaged or destroyed. Formula: (Replacement cost - Accumulated Depreciation) Adhesion - CORRECT ANSWER-One of the characteristics of an i...

Adjuster Pro - Florida Study Guide, Adjuster Exams, Chapter 5, 6, 7, 8 Insurance Test, All Practice Exams – QBank

Texas all lines adjuster exam 2023 All of the following are criteria for an accident to have occurred "in the course of" the employment under a workers' compensation policy, EXCEPT: Correct Answer: While performing a task that a fellow worker requested, that was unusual to the employee's job description, but occurred on the employer's premises during working hours. Which of the following statements is NOT TRUE regarding the implied warranties of an Ocean Marine policy? Correct Answ...

Texas All lines Adjuster Latest Exam 2023 All of the following are criteria for an accident to have occurred "in the course of" the employment under a workers' compensation policy, EXCEPT: - ANSWER While performing a task that a fellow worker requested, that was unusual to the employee's job description, but occurred on the employer's premises during working hours. Which of the following statements is NOT TRUE regarding the implied warranties of an Ocean Marine policy? - ANSWER The im...

New York State Property and Casualty Licensing Exam 2023 Pro Rata Liability Clause is included in an insurance policy to deal with the problem of - correct answer Duplicate insurance policies The purpose of this clause is to illustrate the method to determine each insurer's liability in case of a loss. Each insurer pays its fair share determined by the percentage that the carrier's limit bears to the total coverage carried. pro rata liability - correct answer If a loss occurs that is ...

Adjuster Pro - Insurance adjuster test What is insurance? Correct Answer: protection against financial loss what is a premium Correct Answer: a scheduled amount to be paid for an insurance policy. What are premiums used for Correct Answer: 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? Correct Answer: the insurer collects premiums from all policy holders and use...

Claims Adjuster Final 2023 An adjuster is a fiduciary agent with a responsibility of loyalty to the interest of Correct Answer: The insured and insurer An insurer gives which of the following as Consideration for an insurance policy? Correct Answer: A Promise The interest of the insured and all other persons in the property involved in a claim is found in Correct Answer: A Proof of Loss An insured rear-ends another driver's vehicle. The auto policy that pays damages to repair t...