Claims adjuster practice - Study guides, Class notes & Summaries

LA Claims Adjuster Property and Causality Practice Exam 2 Rated A $300,000. The minimum liability amount per occurrence for bodily injury and property damage claims available under the BOP is: : The Insurer An insured carries aircraft liability coverage with "admitted aircraft liability coverage." Who negotiates the payment of the claim if a passenger is injured in an accident? : The Ship Owner. Whose responsibility is it to see that a ship is seaworthy? "specialty" Ocean Marine ...

LA Claims Adjuster Property and Causality Practice Exam 1 Questions and Answers 100% Pass Insurable Interest - Answer- ______in the property and would suffer a financial loss if the property were damaged by an insured peril, their family members (names need not be listed in the policy), and others such as a lien holder, for example, the bank that holds the mortgage on a house. Cause of Loss Forms - Answer- ____establish and define the causes of loss (or perils) for which coverage is provi...

LA Claims Adjuster Property and Causality Practice Exam 2 |209 Questions| With Complete Solutions!!

LA Claims Adjuster Property and Causality Practice Exam 2 Questions and Answers 100% Pass A single Declarations page common to all coverages A single conditions section common to all coverages - Answer- A commercial package policy always includes Send the insured a reservation of rights letter - Answer- If the insured fails to report claim in a timely fashion, the adjuster will immediately ___ $1000 per person - Answer- The basic limit for coverage F-medical payments of the standard home...

LA Claims Adjuster Property and Causality Practice Exam 1 Questions and Answers 100% Pass Insurable Interest - Answer- ______in the property and would suffer a financial loss if the property were damaged by an insured peril, their family members (names need not be listed in the policy), and others such as a lien holder, for example, the bank that holds the mortgage on a house. Cause of Loss Forms - Answer- ____establish and define the causes of loss (or perils) for which coverage is provi...

The following are basic characteristics of a property or liability insurance contract, EXCEPT: A. Personal Contract B. Conditional Contract C. Loss Settlement Contract D. Contract of AdhesionC. Loss Settlement Contract The Insurers responsibility to pay for a property loss may be conditioned on the insured having used reasonable means to avoid the loss, to protect the property against further loss, and to give the insurer proof of the loss is defined as? A. Conditional Contract B. A...

The Commissioner of Insurance in Mississippi is elected to office for a term of - 4 years The burden of proof for determining that a producer is representing an authorized insurer falls on - The producer The fine the Commissioner may levy for violating any provision of the Insurance Code is - $1000 A foreign insurer - An insurer formed under the laws of any state other than Mississippi would be known as Each of the following is true about the Mississippi Residential Property Insurance Unde...

NC ADJUSTER LICENSE PRACTICE EXAM 2024/2025 QUESTIONS WITH CORRECT ANSWERS ALREADY PASSED AND VERIFIED Manny is purchasing a Commercial Property policy with a Business Income form included. Manny can select from any of the following as a method to provide coverage, while avoiding the coinsurance requirement, EXCEPT: - CORRECT ANSWER The maximum monthly limit of indemnity optional coverage The traditional definition of actual cash value (ACV) is: - CORRECT ANSWER Replacement cost min...

LA Claims Adjuster Property and Causality Practice Exam 2 Questions and Answers 100% Pass A single Declarations page common to all coverages A single conditions section common to all coverages - Answer- A commercial package policy always includes Send the insured a reservation of rights letter - Answer- If the insured fails to report claim in a timely fashion, the adjuster will immediately ___ $1000 per person - Answer- The basic limit for coverage F-medical payments of the standard home...

LA CLAIMS ADJUSTER PROPERTY AND CAUSALITY PRACTICE EXAM 1 | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ LA CLAIMS ADJUSTER PROPERTY AND CAUSALITY PRACTICE EXAM 1 | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ LA CLAIMS ADJUSTER PROPERTY AND CAUSALITY PRACTICE EXAM 1 | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+