Adjusting losses - Study guides, Class notes & Summaries

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...

Account - ACCURATE ANSWERS an accounting record in which the results of transactions are accumulated; shows increases, decreases, and a balance Accounts receivable - ACCURATE ANSWERS a current asset representing money due for services performed or merchandise sold on credit Accrual accounting - ACCURATE ANSWERS the process of recording expenses and revenues when incurred and earned, regardless of when cash is received, and of adjusting original transaction data into refined measures of a f...

HESI RN Mental Health Exam Questions & Answers, (Knowledge Review, All Answers Deeply Explained)-A married male client with three children has lost his job and states that he feels useless. He is tearful, upset, and embarrassed. What is an appropriate objective of care for this client? 1. Limiting tearfulness 2. Increasing self-esteem 3. Controlling feelings of sadness 4. Promoting acceptance by others - 2. Increasing self-esteem The loss of a job can precipitate negative feelings about...

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...

Audit - A systematic investigation of records, documents, systems, and operations. Premium - An insured's periodic payment for insurance coverage, determined by multiplying the application insurance rate by the number of exposure units. Insurance Premium Audit -An examination of an insured's operations, records, books of account, electronic data, and computer systems to determine the insured's actual exposures under the coverages provided. Exposure base, or premium base - A variable tha...

Adjuster Pro - Insurance Adjusting Exam Questions Reviewed And Revised With Correct Answers <Guarantee Pass |Updated!!> 1) Ron works from home. After a kitchen fire renders his home uninhabitable, he is forced to rent an apartment in town while the repairs are made. Which type of coverage could help Ron pay the cost of renting the apartment? A. Coverage B - Other Structures B. Coverage A - Dwelling C. None D. Coverage D - Loss of Use - ANSWER D 2) John's hom...

CFA Level 1 - 101 Must Knows 368 Questions with Verified Answers Addition Rule of Probability - CORRECT ANSWER ADDITION: P(A or B) = P(A) + P(B) - P(AB) Roy's Safety First Criterion - CORRECT ANSWER Safety First Ratio = (E(R) - Rₜ) / σ Larger ratio is better If (Rₜ) is risk free rate, then it becomes Sharpe Ratio Sharpe Ratio - CORRECT ANSWER Sharpe Ratio = (E(R) - RFR) / σ Larger ratio is better If (Rt) is higher than RFR, then it becomes Safety First Ratio Centra...

Audit - A systematic investigation of records, documents, systems,and operations Premium - An insured's periodic payment for insurance coverage, determined by multiplying the applicable insurance rate by the number of exposure units Insurance premium audit - An examination of an insured's operations, records, books of account, electronic data, and computer systems to determine the insured's actual exposures under the coverages provided Exposure base or premium base - A variable that app...

Copyright © 2022 WILEY Kieso, Intermediate Accounting, 18/e, Solutions Manual (For Instructor Use Only) 5-1-1 Complete Solution Manual and Instructor Resource for Intermediate Accounting, 18th Edition 18th Edition, by Donald E. Kieso, Jerry J. Weygandt and Terry D. Warfield. ISBN- Chapter 1 Financial Accounting and Accounting Standards Assignment Classification Table (By Topic) Topics Questions Brief Exercises Exercises Critical Thinking 1. Environment of accounting, principles, objectives, sta...

Intermediate Accounting Comprehensive Exam 3 || With Questions & All Correct Solutions (Graded A+) Intermediate Accounting Comprehensive Exam 3 || With Questions & All Correct Solutions (Graded A+) What is the normal journal entry when writing-off an account as uncollectible under the allowance method? a. Debit Allowance for Doubtful Accounts, credit Bad Debt Expense. b. Debit Allowance for Doubtful Accounts, credit Accounts Receivable. c. Debit Bad Debt Expense, credit Allowance for Doub...