Ga insurance adjuster - Study guides, Class notes & Summaries

Risk - Answer- Possibility (uncertainty) that a loss may occur. -The reason people buy insurance -Insurance is designed to provide for such losses, while not providing the insured with the possibility of gain from an accident, sickness, death, etc. Claim - Answer- Notifying the insurer (insurance company) of a loss in order to be paid for it. -Car accident, windshield replacement, etc. Loss - Answer- An unpredictable reduction in the quality, quantity, or value of something. -B...

GA Claims Adjuster Licensing Exam 2023 A++ grade

In GA, _____insurance cannot be written by a reciprocal type insurer. - life No insurer or licensee doing business in Georgia may pay any commissions or valuable consideration to any person fo r services as an agent, subagent, or adjuster unless that person is duly licensed under the - Code Mediation is not _____ on the parties involved, but with arbitration the decision is final and _____. - Binding Standard and Poor's, A.M. Best and Moody's are examples of: - Independent Rating Services What...

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. 5-H Accumulated Depreciation The total decrease in an item's value over a period of time. Formula: (annual depreciation x number of years used). Subtract this number from the item's replacement cost to get its actual cash value (ACV). 1-J Acreage...

GEORGIA CLAIMS ADJUSTER LICENSING EXAM 2024 / GA CLAIMS ADJUSTER EXAM 130 QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES What coverage does Community Eligibility apply to? - Answer️️ -Flood insurance through FEMA What's the difference between Emergency Program and Regular Program in the National Flood Insurance Program? - Answer️️ -Emergency applies to homes in communities that are a normally not a flood hazard. Regular programs are awarded to an entire community that i...

GA Claims Adjuster Licensing Exam Latest 2024 Already Passed What coverage does Community Eligibility apply to? - Answer ️️ -Flood insurance through FEMA What's the difference between Emergency Program and Regular Program in the National Flood Insurance Program? - Answer ️️ -Emergency applies to homes in communities that are a normally not a flood hazard. Regular programs are awarded to an entire community that is eligible due to flood hazard. What is the flood coverage on a reg...

-acting as a special agent assisting insurance producers when such assistance is limited to providing technical advice and does not include selling soliciting or negotiations of insurance - Continuing Education - ANSWERS,- all resident agents licensed for less than 20yrs must complete a minimum of 30 hrs. every 2 years; renewed on birthday - more than 20 years must complete a minimum of 10hrs per year - 3 hrs must address ethic, legislative update or Federal or Departmental Regulatory ch...

In GA, _____insurance cannot be written by a reciprocal type insurer. - life No insurer or licensee doing business in Georgia may pay any commissions or valuable consideration to any person for services as an agent, subagent, or adjuster unless that person is duly licensed under the - Code Mediation is not _____ on the parties involved, but with arbitration the decision is final and _____. - Binding Standard and Poor's, A.M. Best and Moody's are examples of: - Independent Rating Service...