Adjuster for all lines - Study guides, Class notes & Summaries

1. 1. The insured carries a BOP policy with protective systems such as a sprinkler system. If the system becomes inoperative, the insured must advise the insurance company of the problem within if the system cannot be restored to working order: 48 hours Your Answer 2. 2. Tina has two policies (Policy X and Policy Y) that cover the same risk on a pro rata basis. Policy X has a limit of $100,000 and Policy Y has a limit of $25,000. When Tina suffers a loss totaling $75,000, how will the two pol...

Texas All Lines Adjuster Test 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 value...

TEXAS ALL LINES ADJUSTER EXAM 300+ QUESTIONS AND CORRECT DETAILED ANSWERSS TOP RATED VERSION FOR ALREADY A GRADED WITH EXPERT FEEDBACK|BRAND NEW|REVISED

Florida Claims Adjuster Exam, 6-20 All Lines Adjuster- Florida- Review Already Passed Peril Something that causes a loss. Hazard Something that increases the probability that a loss will occur. Warranty A policy condition, either based on information in the insureds application or inserted by the insurer. It is a guarantee of a fact. Misrepresentation An untrue statement by the insured, made in an application for insurance but which does not become a part of the policy. Concealment The fail...

Texas All Lines Adjuster Exam 2024 All of the following are criteria for an accident to have occurred "in the course of" the employment under a workers' compensation policy, EXCEPT: While performing a task that a fellow worker requested, that was unusual to the employee's job description, but occurred on the employer's premises during working hours. Which of the following statements is NOT TRUE regarding the implied warranties of an Ocean Marine policy? The implied wa...

Texas All-Lines Adjuster Pre-Licensing course Final Exam A severe thunderstorm damaged a policyholder's residence. He called and asked how long it would be before he receives payment for his claim. Which of the following would NOT be an appropriate response? - ANSWER We have 6 months to reach a final settlement with you. Janelle has just graduated college and is interested in becoming an adjuster. she would like to be able to handle...

CONNECTICUT CASUALTY ADJUSTER FOR ALL LINES (ACTUAL) 2024 QUESTIONS AND ANSWERS

Texas All Lines Adjuster exam 2024 with 100% correct answers In order to become a licensed Insurance Adjuster in the state of TX, an individual must be_______________ yrs old. - correct answer 18 The Texas All Lines Adjuster License can only be held by residents of TX? T or F - correct answer False List type of Insurance Adjuster Licenses available in Texas: - correct answer 1. All Lines 2. Work Comp 3. Surety 4. Casualty & Property 5. Public Adjuster The TX All Lines Insurance...

FLORIDA 6-20 ALL LINES ADJUSTER ACTUAL EXAM , PRACTICE EXAM AND STUDY GUIDE ALL IN ONE SET ALL QUESTIONS AND WELL ELABORATED ANSWERS TOP RATED VERSION FOR ALREADY A GRADED WITH EXPERT FEEDBACK | NEW AND REVISED

TEXAS ALL-LINES ADJUSTER FINAL EXAM 2024 WITH 100% CORRECT ANSWERS A severe thunderstorm damaged a policyholder's residence. He called and asked how long it would be before he receives payment for his claim. Which of the following would NOT be an appropriate response? - correct answer We have 6 months to reach a final settlement with you. Janelle has just graduated college and is interested in becoming an adjuster. she would like to be able to handle any type of claim. The most comprehe...