Claims adjuster exam - Study guides, Class notes & Summaries

CLAIMS ADJUSTER EXAM 2024 Insurance - correct answer -an economic device used to protect against extreme unforeseen loss - the transfer of risk from one party to another Premium - correct answer -the fee paid by the insured in exchange for insurance Principle of Indemnity - correct answer -the insurer should be restored to where they were before the incident -no profit can be made Idemnification - correct answer -to compensate for loss or damage; to provide security for financ...

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FLORIDA CLAIMS ADJUSTER EXAM 2024 WITH 100% ACCURATE SOLUTIONS Frank owned a home that was destroyed by a hurricane. Both ABC and XYZ Banks were listed as additional interests on his homeowner policy. The insurance company will make a payment to: A. The first mortgagee, ABC B. The Insured C. Jointly to ABC and XYZ D. All listed interests - correct answer D. All listed interests Remember that the insurer is not responsible to know the degrees of interest. In the event of a loss, one pa...

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FLORIDA CLAIMS ADJUSTER EXAM 2024 WITH 100% CORRECT ANSWERS Frank owned a home that was destroyed by a hurricane. Both ABC and XYZ Banks were listed as additional interests on his homeowner policy. The insurance company will make a payment to: A. The first mortgagee, ABC B. The Insured C. Jointly to ABC and XYZ D. All listed interests - correct answer D. All listed interests Remember that the insurer is not responsible to know the degrees of interest. In the event of a loss, one paym...

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Florida Claims Adjuster Exam 3 | Questions and Answers Graded A+ Latest 2024 Florida Claims Adjuster Exam 3 | Questions and Answers Graded A+ Latest 2024 Florida Claims Adjuster Exam 3 | Questions and Answers Graded A+ Latest 2024