Adjusters license 6 - Study guides, Class notes & Summaries

What is an Insurance Policy - An Insurance Policy is a Contract (agreement between 2 parties) Insurance Policy in the state of Florida must be? - Written in order to constitute a policy Legal Definition of Insurance - Contract that undertakes to indemnity, or make whole, or pay a certain amount in the event a covered loss occurs. Consideration - Value for an Insurance contract is the premium paid by insured and the promise given by insurance company Temporary Insurance is...

ADJUSTERS License 6-20 Questions and Answers 100% CorrectADJUSTERS License 6-20 Questions and Answers 100% CorrectWhat is an Insurance Policy - ANSWER-An Insurance Policy is a Contract (agreement between 2 parties) Insurance Policy in the state of Florida must be? - ANSWER-Written in order to constitute a policy Legal Definition of Insurance - ANSWER-Contract that undertakes to indemnity, or make whole, or pay a certain amount in the event a covered loss occurs. Consideration - ANSWER-V...

ADJUSTERS License 6-20 Questions and Correct Answers What is an Insurance Policy - Correct Answer: An Insurance Policy is a Contract (agreement between 2 parties) Insurance Policy in the state of Florida must be? - Correct Answer: Written in order to constitute a policy Legal Definition of Insurance - Correct Answer: Contract that undertakes to indemnity, or make whole, or pay a certain amount in the event a covered loss occurs. Consideration - Correct Answer: Value for an Insurance ...

ADJUSTERS License 6-20 Questions and Answers Graded A+ What is an Insurance Policy An Insurance Policy is a Contract (agreement between 2 parties) Insurance Policy in the state of Florida must be? Written in order to constitute a policy Legal Definition of Insurance Contract that undertakes to indemnity, or make whole, or pay a certain amount in the event a covered loss occurs. Consideration Value for an Insurance contract is the premium paid by insured and the promise ...

What is an Insurance Policy correct answers An Insurance Policy is a Contract (agreement between 2 parties) Insurance Policy in the state of Florida must be? correct answers Written in order to constitute a policy Legal Definition of Insurance correct answers Contract that undertakes to indemnity, or make whole, or pay a certain amount in the event a covered loss occurs. Consideration correct answers Value for an Insurance contract is the premium paid by insured and the promise given by...

SF Texas All Lines Adjuster Pre Practice Exam Questions & Answers 2024/2025 Which regulatory body handles violations of related insurance issues only? - ANSWERSTexas Insurance Code (TIC) What license carries the minimum requirements to handle homeowner's claims? - ANSWERSProperty, Casualty & Surety 30% of the questions on the license exam are considered "Knowledge-based" questions. What are the remaining 70% considered? - ANSWERSApplication-based Most Workers' Compensation poli...

Class D license is for anyone driving a vehicle or combined set of vehicles in this weight range _____, as long as they are not carrying hazardous materials - ANSWER-10,001-26,001 pounds A Class D license allows for a driver-for-fire to drive any vehicle fitting into the Class __ requirements - ANSWER-E you must be ____ years old to receive a class D license - ANSWER-17 the maximum width for all vehicles except buses is ___ - ANSWER-8 feet the maximum width for buses is ____ - ANSWER...

Super-Duper Texas Adjuster License Final Exam Solved Questions With Revised Correct Detailed Answers 1. What is a hazard? - ANSWER risk of loss of property situations or behaviors that increase the 2. Insurance: Name the three kinds of hazards and give an example of each - ANSWER 1) Physical -- large hole in the front yard where someone could step in and hurt themselves 2) Morale -- leaving a home with the doors unlocked and the windows opened 3) Moral -- embezz...

Adjuster's Ethical SItuation -Adjuster make frequent decisions involving larger amounts of money -Adjusters should always determine a fair and equitable settlement that abides by the insurance contract Inducement An action, item, or promise made to someone to motivate them toward certain desired actions Consequences for Accepting Inducements -Losing license -Reputation Loss -Lawsuits -Jail time Kickbacks Money or favors offered to the adjuster in exchange for refe...