La claims adjuster Study guides, Class notes & Summaries

LA CLAIMS ADJUSTER PROPERTY AND CAUSALITY EXAM (LOUISIANA ADJUSTER LAW)

A single Declarations page common to all coverages A single conditions section common to all coverages - ANSWERSA commercial package policy always includes Send the insured a reservation of rights letter - ANSWERSIf the insured fails to report claim in a timely fashion, the adjuster will immediately ___ $1000 per person - ANSWERSThe basic limit for coverage F-medical payments of the standard homeowners form is normally $250 - ANSWERSThe CGL provides up to ___per day for loss of earning...

Resident License - Before issuing a claims adjuster license to an applicant under this section the commissioner of insurance must find that the applicant is eligiable -designate LA as his or her home state or is a non-resident eligible for a license resident -Has not committed any act that is ground for denial, suspension, or revocation -has paid required fees -Maintains an office in home state -Has written consent of commission or insurance pursuant to federal laws regulating crimes by ...

Resident License CORRECT ANSWER Before issuing a claims adjuster license to an applicant under this section the commissioner of insurance must find that the applicant is eligiable -designate LA as his or her home state or is a non-resident eligible for a license resident -Has not committed any act that is ground for denial, suspension, or revocation -has paid required fees -Maintains an office in home state -Has written consent of commission or insurance pursuant to federal laws regulati...

Insurable Interest - ANSWER ______in the property and would suffer a financial loss if the property were damaged by an insured peril, their family members (names need not be listed in the policy), and others such as a lien holder, for example, the bank that holds the mortgage on a house. Cause of Loss Forms - ANSWER ____establish and define the causes of loss (or perils) for which coverage is provided under the form. (Please do not confuse the "cause of loss" forms with the "proof of loss...

LA Claims Adjuster Property And Causality Practice Exam 2 With 100% Correct And Verified Answers 2024

LA CLAIMS ADJUSTER PROPERTY AND CAUSALITY PRACTICE EXAM 2 | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ A single Declarations page common to all coverages A single conditions section common to all coverages Correct Answer: A commercial package policy always includes Send the insured a reservation of rights letter Correct Answer: If the insured fails to report claim in a timely fashion, the adjuster will immediately ___ $1000 per person Correct Answer: The basic limi...

LA CLAIMS ADJUSTER PROPERTY AND CAUSALITY PRACTICE EXAM 1 | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ Insurable Interest Correct Answer: ______in the property and would suffer a financial loss if the property were damaged by an insured peril, their family members (names need not be listed in the policy), and others such as a lien holder, for example, the bank that holds the mortgage on a house. Cause of Loss Forms Correct Answer: ____establish and define the caus...

A single Declarations page common to all coverages A single conditions section common to all coverages - ANSWERSA commercial package policy always includes Send the insured a reservation of rights letter - ANSWERSIf the insured fails to report claim in a timely fashion, the adjuster will immediately ___ $1000 per person - ANSWERSThe basic limit for coverage F-medical payments of the standard homeowners form is normally $250 - ANSWERSThe CGL provides up to ___per day for loss of earning...