A policy owne - Study guides, Class notes & Summaries

TEST FOR ADJUSTER PRO, FLORIDA STUDY(QUESTIONS AND ANSWERS)A+ GRADED EXAM - CORRECT ANSWER-Subtract the deductible from covered damages to get indemnification - CORRECT ANSWER-6 unique characteristics of insurance policy 1 Contracts of adhesion (court ez win) 2 Utmost good faith 3 aleatory 4 personal 5 Unilateral (only insurer has obligation) 6 Conditional - CORRECT ANSWER-1945 regulate insurance Naic doesn't give benefits to comissioners 90 day to pay hijacking only covered...

TEST FOR ADJUSTER PRO, FLORIDA STUDY(QUESTIONS AND ANSWERS)A+ GRADED EXAM 2023-2024 - CORRECT ANSWER-Subtract the deductible from covered damages to get indemnification - CORRECT ANSWER-6 unique characteristics of insurance policy 1 Contracts of adhesion (court ez win) 2 Utmost good faith 3 aleatory 4 personal 5 Unilateral (only insurer has obligation) 6 Conditional - CORRECT ANSWER-1945 regulate insurance Naic doesn't give benefits to comissioners 90 day to pay hijacking on...

Xcell Testing Solutions (Life & Health) Final 150 Question Practice Exam 1. When can a policy owner change a revocable beneficiary?: Anytime 2. M purchased an Accidental Death and Dismemberment (AD&D) policy and named his son as beneficiary

Which policy provision permits the policy owner to take a specified number of days to examine the contract, and allows for cancellation and a full refund if the policy owner rejects the terms or costs? Free Look When will a policy pay on a UCR basis? When particular benefits are not listed on a payment schedule Which type of rider reimburses health and social service expenses incurred in a convalescent or nursing home facility? long term care rider Which of the following is exempted fro...

All Lines Adjuster Exam The insured has filed a claim under the "Business Income Department Properties - Broad Form" because the primary buyer of products and services from the business has filed for bankruptcy under this form the primary buyers business would be known as - correct answer-A recipient location recipient location - correct answer-Businesses who support insured by being the primary buyer for their products HO-3 (special form) - correct answer-covers the dwelling and other ...

Property & Casualty Practice Exam: Personal Lines A home is damaged two hours after an earthquake, first by fire, then by fuel pipes bursting an causing an explosion. Under an HO3 form, A) No coverage unless homeowner has made an earthquake coverage endorsement a part of the policy B) Coverage but only for the damage caused by the fire and explosion C) Covers all damage since explosion is an insured peril D) Policy does not cover damage since the HO3 provides only named peril covera...

What are 3 subjects an auto policy covers? - correct answer 1. Body 2. The vehicle 3. Assets Bodily Injury Types - correct answer Personal Injury Med Pay Uninsured Motorist No Fault Insurance - correct answer State stipulates that parties cannot file a claim to the other persons insurance policy unless required in excess. Instead, each party is required to file a primary claim against their own insurance regardless who is at fault. EX. Florida Financial Responsibility Laws -...

Exam Simulator- Florida Life and Health State Exam Simulator Rated A+ Which of the following statements about guaranteed renewable health insurance policy is correct? Premiums normally increase at the time of renewal. The issuer must provide a perspective buyer with an? Buyers guide and policy summary T would like to be assured $10,000 is available in 10 years to replace a roof on his house. What kind of $10,000 policy should T purchase? Ten-year Endowment According to the ti...

Florida Claims Adjuster Exam All Answers Correct Severability Ans- Insurance applies separately to each insured as if other insureds did not exist. Abandonment Ans- Property insurance policies usually contain a(n) __________ clause, *stating the insured cannot dump damaged property on the insurer and demand its full value.* Insurable Interest Ans- One wherein economic loss would be suffered from an adverse happening to the subject. Liberalization Ans- States that if the insurer adopt...

Commercial Casualty II – CISR Questions And Answers GRADED A!!! In BAP what does liability section provide protection from claims for? Bodily Injury and Property Damage for which insured is legally responsible for. In BAP physical damage section what type of protection? provides coverage for damage to or loss of an insured's covered auto. What other BAP coverages can be added by endorsement? Medical payments personal injury protection uninsured/underinsured motorist bodily in...