Emergency adjuster Study guides, Class notes & Summaries

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 right before being damaged or ...

Texas All Lines Adjuster Test with Verified Answers Updated 2024 Accumulated Depreciation The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Acreage Reporting Date 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) A valuation method used by insurers to reflect an item's current ...

Texas All Lines Adjuster Test 2024 Verified Questions Graded A+ Accumulated Depreciation The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Acreage Reporting Date 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) A valuation method used by insurers to reflect an item's current m...

Texas All-Lines Adjusterinsurance - correct answer The transfer of risk. Insured - correct answer 1ST party. Customer. Person covered by policy. Insurer - correct answer 2ND party. Insurance company Adjuster - correct answer Investigates/adjusts claims Licensing age requirement - correct answer 18 NOT exempt for licensing - correct answer MBA Expiration date of adjusters license - correct answer 2nd anniversary of Licensee Birthday. Every 2 years after. Required CE hours - c...

Accumulated Depreciation correct answers The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Actual Cash Value (ACV) correct answers A valuation method used by insurers to reflect an item's current market value right before being damaged or destroyed. Formula: (Replacement cost - Accumulated Depreciation) Adhesion correct answers One of the characteristics of an insurance contract. Means that one party (the insurer) sets the ...

Texas All Lines Adjuster Review Exam Questions & Answers 2024/2025 All of the following are exempted from the requirement of an adjuster's license examination except: A. Those persons holding CPCU designation; B. those persons adjusting workers compensation claims; C. Those persons who have received the Associate in Claims (AIC) designation; D. Those persons who have a certificate of completion showing that within the past 12 months the applicant has completed a certified adjuster prelicen...

- ANSWER transfer of risk insurance - ANSWER transfer of risk insurance Accident Insurance - ANSWER Covers expenses associated with a covered accident and can extend to ambulance and emergency room expenses, intensive care, and hospital costs. Accident insurance also provides for loss of income, and a death benefit if injuries prove fatal. Accumulated Depreciation - ANSWER The total decrease in an item's value over a period of time. Formula: (annual depreciation x number of years used)...

Insurance Correct Answer transfer of risk Insurance Correct Answer transfer of risk Accident Insurance Correct Answer Covers expenses associated with a covered accident and can extend to ambulance and emergency room expenses, intensive care, and hospital costs. Accident insurance also provides for loss of income, and a death benefit if injuries prove fatal. Accumulated Depreciation Correct Answer The total decrease in an item's value over a period of time. Formula: (annual depreciation...

Accumulated Depresciation correct answersThe total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Actual Cash Value (ACV) correct answersAn item's current market value right before being damaged or destroyed. Formula: (Replacement Cost-Accumulated Depreciation) Adhesion correct answersOne of the characteristics of an insurance contract. One party sets the terms and the other party can "take it or leave". Adjusted Gross Re...

NEW YORK GENERAL LINES ADJUSTER SERIES 17-70 ACTUAL EXAM WITH 300 REAL EXAM QUESTIONS AND ANSWERS/ NY GENERAL ADJUSTER LATEST EXAM 2025 (NEWEST!!) What must one do to obtain an emergency adjuster's license in NY? - ANSWERComplete necessary application On what date does an adjuster's license need to be renewed? - ANSWER-12/1 - even numbered yrs What is the amount of bond that must be posted to obtain and adjuster's license? - ANSWER-$1,000 When can the Superintendent of Insurance r...