Claims representative - Study guides, Class notes & Summaries

Stock insurer - - Owned by stockholders/shareholders - Pays taxable dividends to shareholders if a profit is made -Issues nonparticipating policies (non-PAR) Mutual Insurer - - An insurer that is owned by its policyholders - If company is profitable, excess premiums are returned as non-taxable dividend -Issues participating (Par) policies Fraternal Benefit Societies - -Life or health insurance companies formed to provide insurance for members of an affiliated lodge, religious organizatio...

AINS 21 Segment B (Chapters 4-6) Rated A+ claim a demand by a person or business seeking to recover from an insurer for a loss that may be covered by an insurance policy claimant anyone who submits a claim to an insurer first party the insured in an insurance contract third party a person or business who is not a party to the insurance contract bu who asserts a claim against the insured claim representative (or adjuster) a person responsible for verifying coverage, determinin...

Antonia has a general liability policy with a self-insured retention of $50,000. The policy has an occurrence limit of $250,000 and an aggregate limit of $500,000. She had submitted one prior claim this policy term for which $100,000 was paid by the insurer. How much will Antonia's insurer pay on a subsequent claim under the same policy period that is valued at $400,000? Select one: A. $200,000 B. $250,000 C. $400,000 D. $500,000 - B. $250,000 After the SIR limit had been reached, the ...

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...

claim - a demand by a person or business seeking to recover from an insurer for a loss that may be covered by an insurance policy claimant - anyone who submits a claim to an insurer first party - the insured in an insurance contract third party - a person or business who is not a party to the insurance contract bu who asserts a claim against the insured claim representative (or adjuster) - a person responsible for verifying coverage, determining the cause of loss, determining the amount o...

*********Each licensee shall provide written notification by mail or by electronic means with confirmation to the Department of a change of address within ______ days 30 The application fee shall be _____ which shall be nonrefundable $100 **********A license must be renewed every ___ years? 2 The fee for biennial renewal of a chiropractic license is _______? $350 The initial licensure fee is? $350 The fee for inactive status is? The fee for renewal of an ...

Unauthorized entities present a regulatory concern because they have the potential for __________ claims. - Unauthorized entities present a regulatory concern because they have the potential for unpaid claims. True or False? Willfully over insuring a health or property policy can be grounds for terminating an insurance license. - True. Willfully over insuring a health or property policy can be grounds for terminating an insurance license. The following are required to be on an application of i...

Chapter 1: Abnormal Psychology: An Overview Multiple-Choice Questions 1.1-1. Which of the following is an example of family aggregation? a. Both Jane and her husband are alcoholic. b. Jim and John, 21-year-old friends, are both schizophrenic. c. Karen, her mother, and her grandmother all have been diagnosed with generalized anxiety disorder. d. Kim's suicide was apparently a reaction to her mother's abuse. Difficulty: 1 Question ID: 1.1-1 Page Ref: 2 Topic: Abnormal Psychology:An Overv...

What is the name given to the collection of written decisions? - Answer- Case Law Explain the concept of the Rule of Precedent. - Answer- Current court decisions must follow those made in cases having similar circumstances, which allows the development of a logical body of general principles against which specific cases to be compared. Explain the meaning of the term "damages". - Answer- Compensation in money for the loss or damage suffered. Compensatory damages for bodily injury are ...

Exam 1: POLS2302/ POLS 2302 (Latest 2024/ 2025 Update) Intro to American Government II Guide | Qs & As | 100% Correct| Grade A (Verified Answers)- LU Q: Monarchy Answer: a form of government where one ruler, usually a hereditary one, holds political power Q: Representative Democracy Answer: a form of government where voters elect representatives to make decisions and pass laws on behalf of all the people instead of allowing people to vote directly on laws Q: di...