Duties of the claimant - Study guides, Class notes & Summaries

FL Adjusters License Practice Exams 2023 Which of the following is NOT one of the four critical elements of a contract? (A) A mutual understanding and agreement with the terms of the contract. (B) Written evidence of the agreement and its terms. (C)A legal purpose. (D)Consideration, consisting of money or a promise of performance. Correct Answer: (B) Written evidence of the agreement and its terms. Assume that five years ago a couple insured their home for [its then appraise...

True or False: Each appraiser, while engaged in appraisal duties, must carry his/her appraiser's license & display it to an owner of the vehicle or shop upon request: - true What are the number of business days you have per Act 361 to inspect vehicle? - 6 How many days after an inspection should a total loss be offered to the owner? - 5 Aftermarket parts can only be used when? - The parts are listed and coded in the estimate What is aftermarket and why is it considered aftermarket? - "non...

What is admin law? correct answers informs us what powers state has and how they should be exercised. provides judicial ways of challenging decisions made by the state. what is JR? correct answers allows review of legality of decision of body performing public functions. available to those with sufficient interest. only available where no statutory right to appeal. only available where all other avenues exhausted. defendant must be public body. must be public law matter. what are the groun...

A public adjuster represents the interest of: A. The insurer B. The Insured C. The employer D. The interest of the general public Correct Answer: B. The insured Which of the following is the type of report that indicates the initial results of a claim investigation? A. Field Report B. Interim Report C. Full Report D. None of the above Correct Answer: A. Field Report States have adopted statutes regarding claims adjusting. To avoid unfair treatment to a claimant the adjuster must...

The Commissioner enforces and executes the duties imposed by the - ANS Insurance Code. All certificates and licenses issued by the Commissioner must bear the Commissioner's seal. The Commissioner and any person they appoint/employ may not be financially interested, directly or indirectly, in any insurer, insurance agency, or insurance transaction except - ANS as a policyholder or claimant under a policy. If the unfair or deceptive practice has not been discontinued, the Commissioner m...

PA Motor Vehicle Physical Damage Appraiser - Practice Exam 100+ questions correctly answered & verified True or False: Each appraiser, while engaged in appraisal duties, must carry his/her appraiser's license & display it to an owner of the vehicle or shop upon request: - ANSWER true What are the number of business days you have per Act 361 to inspect vehicle? - ANSWER 6 How many days after an inspection should a total loss be offered to the owner? - ANSWER 5 A...

Agent one who receives the authority to act on behalf of someone else Sales agent Contracted to sell and service insurance policies on behalf of the insurer Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:00 / 0:54 Full screen 6 Ways to Show Appreciation for Your Child's Teacher Adjusters Contracted to settle claims that arise against the insurer Power to bind What the agent says or does can bind the insurer Agents should take the utm...

Washington State Insurance Exam with Complete Solutions Apparent is the appearance or assumption of authority based on the actions, words, or deeds of the principal or because of circumstances the principal created. Mutual Company Owned by the policyowner and issue participating policies. Policy owners are entitled to dividends, which are a return of excess premiums and are therefore non-taxable. Dividends are not guaranteed. Sharing A method of dealing with risk for a group of in...

1 FLORIDA 6-20 ALL LINES ADJUSTER TEST QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED/ A public adjuster represents the interest of: A. The insurer B. The Insured C. The employer D. The interest of the general public - -B. The insured Which of the following is the type of report that indicates the initial results of a claim investigation? A. Field Report B. Interim Report C. Full Report D. None of the above - -A. Field Report States have adopted statutes regarding claims adjusting. To a...

1 FLORIDA ADJUSTER EXAM REVIEW QUESTIONS AND ANSWERS, RATED A+/ VERIFIED/ Which of the following is NOT one of the duties of the Department of Financial Services? b. Dept does NOT set rates nor write policies - -Set rates and write policies for various company products The adjuster has a particular relationship to his principal, the insurer. Which of the following best describes this relationship? - -It is a fiduciary relationship. The Claims Adjuster's role in the insurance industry ...