Alabama adjuster Study guides, Class notes & Summaries

Alabama Adjusters License Exam Questions and Answers (verified answers) 361 Questions WELL EXPLAINED ANSWERS

Alabama Adjusters License Exam with correct Answers

Alabama Adjusters License Exam/362 Questions and Answers 2024

Binders (27-14-18) - A binder is an instrument designed to provide immediate, temporary insurance coverage. Binders can be either written or oral. In the state of Alabama, how long are binders valid? - 90 days or until a policy is issued. Whichever is less In the state of Alabama, if a policy has not been issued within 90 days, can a Binder be extended or renewed? - Yes. If a policy has not been issued within 90 days, a Binder may be extended or renewed with the approval of the Commissione...

Alabama Adjusters License questions and answers

Alabama Adjusters License Exam with correct Answers

Alabama Adjusters License questions and answers

Alabama Adjusters License Exam Questions and Verified Solutions 2024 Accident Insurance - Answer -Covers expenses associated with a covered accident and can extend to ambulance and emergency room expenses, intensive care, and hospital costs. Accident insurance also provides for loss of income, and a death benefit if injuries prove fatal Accumulated Depreciation - Answer -The total decrease in an item's value over a period of time. Formula: (annual depreciation x number of years used). S...

Alabama Adjusters License questions and answers

Define: Claimant - ANSWER A person or entity that requests indemnification for losses under the terms of an insurance policy Define: Adjuster - ANSWER Person who investigates, evaluates, and negotiates claims arising under insurance contracts Define: Adjusting - ANSWER The process of comparing a claimant's losses to the promises made in an insurance policy