Ms adjuster license Study guides, Class notes & Summaries

MS adjuster license exam

Jerome was shopping at ABC Imports when a light fixture fell from the ceiling and hit him on the head. Jerome's injuries resulted in an extended hospital stay, so he sued ABC Imports and was awarded $400,000. Assuming ABC Imports carries a CGL with a General Aggregate of $750,000 and a per occurrence limit of $250,000, what is the maximum that ABC's insurer will pay for Jerome's injuries? - CORRECT ANSWER $250,000 Strict Liability: - CORRECT ANSWER holds a person liable for h...

MS ADJUSTER LICENSE EXAM 2024 QUESTIONS WITH CORRECT ANSWERS ALREADY PASSED AND VERIFIED Jerome was shopping at ABC Imports when a light fixture fell from the ceiling and hit him on the head. Jerome's injuries resulted in an extended hospital stay, so he sued ABC Imports and was awarded $400,000. Assuming ABC Imports carries a CGL with a General Aggregate of $750,000 and a per occurrence limit of $250,000, what is the maximum that ABC's insurer will pay for Jerome's injuries? - C...

Texas All lines adjuster license insurance terms and related concepts Chapter 1 Law of Large Numbers - correct answer the more examples used to develop any statistic, the more reliable the statistic will be Underwriting - correct answer The process and insurance company uses to decide whether to except or reject an application for a policy insurance. underwriters evaluate the risk and exposure of a potential policyholders they decide how much coverage the policyholder should receive how much...

Texas All lines adjuster license insurance terms and related concepts Chapter 1 Exam Latest 2023Texas All lines adjuster license insurance terms and related concepts Chapter 1 Exam Latest 2023

Law of Large Numbers correct answers the more examples used to develop any statistic, the more reliable the statistic will be Underwriting correct answers The process and insurance company uses to decide whether to except or reject an application for a policy insurance. underwriters evaluate the risk and exposure of a potential policyholders they decide how much coverage the policyholder should receive how much they should pay for it or whether even to except the risk and insure them. underwr...

Inception/Expiration Date (Ans- an insurance policy covers the insured starting at 12:01am on the day on which coverage begins and expires at 12:01am on the expiration day of the policy. Occurrence Date (Ans- Date of which the loss occurred Identification of parties involved (Ans- The loss report should include the names and addresses of the parties involved in the loss, the names and addresses of any injured person(s) and the names and addresses of any witness(s). Policy Form/Num...

Law of Large Numbers correct answersthe more examples used to develop any statistic, the more reliable the statistic will be Underwriting correct answersThe process and insurance company uses to decide whether to except or reject an application for a policy insurance. underwriters evaluate the risk and exposure of a potential policyholders they decide how much coverage the policyholder should receive how much they should pay for it or whether even to except the risk and insure them. underwrit...

Texas All lines adjuster license insurance terms and related concepts Chapter 1 Exam Latest 2023.Texas All lines adjuster license insurance terms and related concepts Chapter 1 Exam Latest 2023.

Texas All lines adjuster license insurance terms and related concepts Chapter 1.