Adjusterpro final exam - Study guides, Class notes & Summaries

AdjusterPRO Final Exam Test Questions with Verified Answers What is a reserve, in insurance terms? - -A pool of collected premiums that the insurer sets aside to pay claims Which of these scenarios is NOT an example of indemnification? - -When trying to renew her dog's license, Ellen has to pay a penalty to the city for letting its rabies vaccination lapse. Ellen having to pay a fine is not an example of indemnification. Indemnification means being restored to the financial condition you...

ADJUSTERPRO FINAL EXAM QUESTIONS AND ANSWERS 2024

ADJUSTERPRO FINAL EXAM

+What is a reserve, in insurance terms? A pool of collected premiums that the insurer sets aside to pay claims Which of these scenarios is NOT an example of indemnification? When trying to renew her dog's license, Ellen has to pay a penalty to the city for letting its rabies vaccination lapse. Ellen having to pay a fine is not an example of indemnification. Indemnification means being restored to the financial condition you were in before a loss. In three of these situations, someone ...

AdjusterPRO Final Exam WITH 100- CORRECT ANSWERS 2024

AdjusterPRO Final Exam Questions And Answers Which of the following statements is true about an insurance policy? It relies on the utmost good faith of both the insured and the insurer An insurance policy relies on the utmost good faith of both the insured and the insurer. Which of the following would you find in the Conditions section of an insurance policy? The insured's duty after a loss In which section of an insurance policy might you find the following statement? "Damage t...

ADJUSTERPRO FINAL EXAM

AdjusterPRO Final Exam

AdjusterPRO Final Exam Questions And Answers 100% Pass. -+What is a reserve, in insurance terms? - answerA pool of collected premiums that the insurer sets aside to pay claims Which of these scenarios is NOT an example of indemnification? - answerWhen trying to renew her dog's license, Ellen has to pay a penalty to the city for letting its rabies vaccination lapse. Ellen having to pay a fine is not an example of indemnification. Indemnification means being restored to the financial co...

AdjusterPRO Final Exam Questions and Answers 100% Solved | Graded A+ -+What is a reserve, in insurance terms? - A pool of collected premiums that the insurer sets aside to pay claims Which of these scenarios is NOT an example of indemnification? - When trying to renew her dog's license, Ellen has to pay a penalty to the city for letting its rabies vaccination lapse. Ellen having to pay a fine is not an example of indemnification. Indemnification means being restored to the financi...