An insured u - Study guides, Class notes & Summaries

GEORGIA CLAIMS ADJUSTER LICENSING LATEST UPDATED EXAM 2024 FINEST VERIFIED QUESTIONS CORRECTLY ANSWERED 100% QUALIFIED PASS WITH RATIONALES ALREADY RANKED A+…. The acronym OSCAR is for: - ANSWER- Open peril aka Special/AllRisk/Comprehensive The acronym ACCL is for: - ANSWER- Parts of a contract; agreement (offer and acceptance), competent parties, consideration, legal purpose The acronym DICEED is for: - ANSWER- Parts of a contract; declarations, insuring agreements, conditions,...

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 avoid unfair treatment to a claimant the adjuster must not: A. Promptly investigate the claim. B. Follow the laws regarding the number of days in which to commence an investigation. C. Deny the claim until a fair and prompt investigation has commenced. D. Pay the claim within a reasonable num...

NJ PSI Property and Casualty Exam 2024 with complete solutions The Mobile Home Endorsement of a Homeowners policy affords coverage to mobile homes under the? A. HO-1 (Basic Form) B. HO-2 (Broad Form) C. HO-3 (Special Form) D. HO-2 or HO-3 (Broad and Special) - answerD. HO-2 or HO-3 (Broad and Special) All of the following are eligible for coverage under Homeowners policy except? A. A condominium unit owner. B. A farm owner. C. A mobile home owner. D. A tenant in an apartment buildin...

Mandatory Standard Provisions - ANSWEREntire contract including endorsements and attached papers 2 year time limit on certain defenses Reinstatement- if no decision is made within 45 the policy is automatically reinstated Notice of claim- 20 days Claims Forms- 15 days of the notice Proof of loss- written within 90 days; proof within 1 year Physical Examination and Autopsy Legal actions- 60 day wait period Change of beneficiary-right reserved for the insured Other provisions that can b...

NCE + CPCE Questions TEST BANK. All Examinable Questions with accurate answers. 100% Approved pass rate. FULL COVERAGE,0VER 200 QUIZZES ________ was a university professor in the late 19th and early 20th century who was an advocate for the career guidance movement and wrote several books about the importance of vocational counseling. In 1909, ______ most well-known book, Choosing a Vocation, was published posthumously and outlined the trait-factor theory of career development. Frank Pars...

Which of the following is NOT the consideration in a policy? A) The application given to a prospective insured B) Something of value exchanged between parties C) The premium amount paid at the time of application D) The promise to pay covered losses correct answersA) The application given to a prospective insured Consideration is something of value that is transferred between the two parties to form a legal contract. In the personal auto policy, owned trailers being towed by...

Which of the following is NOT the consideration in a policy? A) The application given to a prospective insured B) Something of value exchanged between parties C) The premium amount paid at the time of application D) The promise to pay covered losses - ANSWER-A) The application given to a prospective insured Consideration is something of value that is transferred between the two parties to form a legal contract. In the personal auto policy, owned trailers being towed by an in...

CMCA - M100 Exam Questions With 100% Correct Answers 55 and older community - answerMust have one person who is 55 years of age or older living in at least 80% of its occupied units. The community must be designated "55 and older" to qualify as this type of housing that legally prohibits children and limits occupancy to a certain age span. The designation process involves submitting applications and obtaining approval before any enforcement of the ages of residents commences. Approval fr...

Texas All Lines Adjuster Test 2023 Accumulated Depreciation - ANSWER The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Acreage Reporting Date - ANSWER The deadline for providing the insurer with an acreage report, which is used to determine the amount of coverage needed and the premium charged for a particular crop. Actual Cash Value (ACV) - ANSWER A valuation method used by insurers to reflect an item's current market val...

State Farm Auto/Home Exam Questions and Answers Liability (A,B) Personal Injury Protection (PIP, P) Uninsured/Underinsured Motorist Coverage (U, UBI, or UPD) These coverages must match for the vehicles to be on the same policy. Liability (A,B) This auto coverage pays for damages due to bodily injury and property damage to others for which you are responsible. (Mandatory coverage) Death, Dismemberment and Loss of Sight This coverage pays if the covered person dies as a result of i...