Staff adjuster - Study guides, Class notes & Summaries
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AIC 300 - Claims in an Evolving World Questions and Answers Solved 100% Correct!!
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B. By certified mail with a return receipt requested. 
Some will also send a copy via regular mail in case the certified letter is not accepted. - Insurers usually 
send denial letters 
Select one: 
A. By email to ensure prompt receipt by the insured. 
B. By certified mail with a return receipt requested. 
C. By overnight courier. 
D. By registered mail. 
D. Subpoenaed. 
Any written claims communication may be subpoenaed. - As methods of communication evolve, it's 
important for claims professio...
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SC Property, Casualty, Surety, Marine Exam Questions & Answers 100% Answered!!
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Accumulated Depreciation - ANSWERSThe total decrease in an item's value over a period of time. Formula:(Annual Depreciation x Number ofyears used) 1-J 
 
Acreage Reporting Date - ANSWERSThe deadline for providing the insurer with an acreage report, which is used to determine the amount of coverage needed and the premium charged for a particular crop. 3-E 
 
Actual Cash Value (ACV) - ANSWERSA valuation method used by insurers to reflect an item's current market value right before being damaged or...
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Connecticut Casualty Adjuster for All Lines Questions and Answers Already Passed
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Connecticut Casualty Adjuster for All Lines Questions and Answers Already Passed 
Which of the following professional liability policies would also cover bodily injury damages? Architects and Engineers E&O Insurance agents E&O Lawyers E&O Fiduciary Legal Liability Architects and Engineers E&O 
A person, firm, or corporation that, for compensation, acts on behalf of an insured in negotiating the settlement of certain claims for loss or damage to property is known as a/an: independent adjuster spe...
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AIC 300 - Claims in an Evolving World Questions and Answers Solved 100% Correct 2024
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AIC 300 - Claims in an Evolving World Questions and Answers Solved 100% Correct 2024 
B. By certified mail with a return receipt requested. 
 
Some will also send a copy via regular mail in case the certified letter is not accepted. - Correct Answer Insurers usually send denial letters 
Select one: 
A. By email to ensure prompt receipt by the insured. 
B. By certified mail with a return receipt requested. 
C. By overnight courier. 
D. By registered mail. 
 
D. Subpoenaed. 
 
Any written claims c...
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SC Property, Casualty, Surety, Marine Exam Questions and Answers 100% Answered!!
- Exam (elaborations) • 22 pages • 2024
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SC Property, Casualty, Surety, Marine Exam Questions and Answers 100% Answered!!Accumulated Depreciation - ANSWERSThe total decrease in an item's value over a period of time. Formula:(Annual Depreciation x Number ofyears used) 1-J 
 
Acreage Reporting Date - ANSWERSThe deadline for providing the insurer with an acreage report, which is used to determine the amount of coverage needed and the premium charged for a particular crop. 3-E 
 
Actual Cash Value (ACV) - ANSWERSA valuation method used by...
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USAA Licensing Exam Verified Questions And Answers 2024
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Insurance - Transfer of risk from one person or organization to an insurance company 
 
Indemnity - The principle to restore the insured to the pre-loss economic or financial condition. 
 
Law of Large numbers - Mathematical principle used by insurers to predict losses to charge the appropriate premiums 
 
Insurable Interest - Proof that someone stands to lose financially if a loss occurs; must exist at the time of the loss in property and casualty insurance 
 
Binder - Temporary insurance contr...
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NY Accident & Health Insurance Licensing Exam Study Guide (2024) || Questions & Answers (100% Correct)
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NY Accident & Health Insurance Licensing Exam Study Guide (2024) || Questions & Answers (100% Correct) 
NY Accident & Health Insurance Licensing Exam Study Guide (2024) || Questions & Answers (100% Correct) 
 
Which section of an insurance policy contains language to assist an insurance company in managing morale and moral hazards - ANSWER - The exclusions 
 
The funds assessed to be deposited into the NY Special Disability Fund are deposited with? - ANSWER - The Commissioner of Taxation and Fin...
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TEST FOR ADJUSTER PRO, FLORIDA STUDY(QUESTIONS AND ANSWERS)A+ GRADED EXAM 2023-2024
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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...
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Louisiana Claims Adjuster's Workers Comp License Study Guide With Complete Solution
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Accident Insurance - Answer 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. 
 
Accumulated 
Depreciation - Answer 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 actua...
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Texas Adjuster Pro Final Exam And Answers Already Passed 2024.
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Adjuster - Answer any person who, as an independent contractor, or as an employee of an independent contractor; adjustment bureau; association; insurance company or corporation; local recording agent; managing general agent; or self-insured, investigates or adjusts losses on behalf of either an insurer or a self insured, or any person who supervises the handling of claims." 
 
Staff Adjusters - Answer are on the payroll of an insurance company and are paid a salary or by the hour. These a...
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