First party claim - Study guides, Class notes & Summaries

Adjuster Pro - Insurance adjuster test latest 2023 already passed What is insurance? protection against financial loss what is a premium a scheduled amount to be paid for an insurance policy. What are premiums used for premiums are collected into a "pool" or "reserve to pay out claimants when needed. how can insurance companies afford to pay for an individuals catastrophic loss? the insurer collects premiums from all policy holders and uses them to pay out the claims of a few. what is Ind...

If a company cancels an auto policy mid term, the refund will be made on a. pro rata basis b. short rate basis c. retroactive basis d. coinsurance basis Pro Rata Basis What is the term used to describe terminating the insurance relationship at the end of the policy period ? a. cancellation b. nonrenewal c. separation d. exclusion Nonrenewal Which is the best example of an indirect loss ? a. sequential loss b. liability loss c. employee theft d. loss of use Loss o...

condominium Severalty ownership of air rights combined with an undivided interest in the common areas of real estate would MOST LIKELY describe a on probation A licensee could be active in the real estate business if his/her license is Agent Kenzie has terminated her relationship with her broker. The broker has returned her license to the BREP. Agent Kenzie has thirty days to place her license in escrow or find another broker Disciplinary actions that can be taken by the ...

Civil Litigation Notes for the BTC - Distinction! 2 of 310 OVERVIEW AND INTRODUCTORY MATTERS 1. DISCUSS THE SCOPE OF THE CIVIL LITIGATION COURSE Civil litigation/proceedings is mainly concerned with the enforcement of private rights. When used in contradiction to criminal litigation, it deals with resolution or determination of all disputes other than criminal. Thus, it refers to all processes and procedure relating to civil actions in court. C...

xES Business and Finance (276) Prep Manual & Extras Latest 2023 Already Passed Income Statement Produced once a month to ensure expense review and control Income Statement' Allows a company to determine how much money is coming in and how it's being spent Promissory Note Indicates a loan and debt financing to raise capital Convertible Securities Used to raise capital by way of equity financing Convertible Securities' Stock or bond, that can be converted to another type of security Conver...

Florida 6-20 All Lines Adjuster Test| 276 questions| 50 Pages| With Complete Solutions Florida 6-20 All Lines Adjuster Test| 276 questions| 50 Pages| With Complete Solutions A public adjuster represents the interest of: A. The insurer B. The Insured C. The employer D. The interest of the general public - Correct Answer -B. The insured Which of the following is the type of report that indicates the initial results of a claim investigation? A. Field Report B. Interim Report C. Full Re...

Chapter 3 Court Procedures TRUE/FALSE QUESTIONS A1. U.S. courts utilize the conciliatory system of justice. ANSWER: F PAGE: 50 TYPE: N NAT: AACSB Analytic AICPA Risk Analysis A2. The three major stages of litigation are pretrial, trial, and posttrial. ANSWER: T PAGE: 50 TYPE: N NAT: AACSB Analytic AICPA Critical Thinking A3. Service of process is the process of obtaining information from an opposing party before trial. ANSWER: F PAGE: 53 TYPE: N NAT: AACSB Reflective AICPA Critical Think...

California property and casualty exam, Pool Questions & Answers. Verified. Rated A The process where by a mutul insurer becomes a stock company is called - Demutalization The process whereby a stock company a mutal insurer is called - Mutalization The provision in a property policy which states that the insured has been paid up to their insurable interest is - Valuation clause The part of the policy that states the amout of coverage the insured property policy period is - Declara...

AFSB 152 - The Institutes Practice Exam Questions and Answers 2023 Lansing Construction Company completed major jobs including road grading, bridges, and base and paving work. Which one of the following types of contractors is Lansing? • Heavy and highway construction • General Engineering contractor • General Building contractor • Design/build contractor - Correct Answer-Heavy and highway construction The project owner for a new shopping plaza being built in Highville is the Hig...

CA PSI Site - Life, Accident and Health Agent Examination (Life Agent)| Questions and Answers, 100% Correct| Latest 2023/2024 CA PSI Site - Life, Accident and Health Agent Examination (Life Agent)| Questions and Answers, 100% Correct| Latest 2023/2024 Admitted Insurance Company vs. Non-Admitted Insurance Company An admitted insurance company is authorized to transact insurance in California because it has a Certificate of Authority granted by the California Department of Insurance (...