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NC Claims Adjuster Exam Study Questions and Answers

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NC Claims Adjuster Exam Study Questions and Answers Liability Insurance PAP (Part A) - Correct Answer️️ -Pays all the sums and insured must legally pay as damage due to BI/PD caused by an accident and resulting from the ownership, maintenance or use of a covered auto. Coverage Part A through F of a PAP - Correct Answer️️ -A. Liability B. Medical Payments C. UM/UIM D. Physical Damage E. Insured Duties F. General Provisions Certificate of Insurance (COI) - Correct Answer️️ -...

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  •  • 34 pages • 
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  • uploaded  16-06-2024
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Claims Adjuster Final (Multiple Choice Questions) with 100% Correct Answers

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Claims Adjuster Final (Multiple Choice Questions) with 100% Correct Answers An adjuster is a fiduciary agent with a responsibility of loyalty to the interest of - Correct Answer️️ -The insured and insurer An insurer gives which of the following as Consideration for an insurance policy? - Correct Answer️️ -A Promise The interest of the insured and all other persons in the property involved in a claim is found in - Correct Answer️️ -A Proof of Loss An insured rear-ends another ...

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  •  • 17 pages • 
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  • uploaded  16-06-2024
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Claims Adjuster Exam Questions and Answers 100% Pass

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Claims Adjuster Exam Questions and Answers 100% Pass Insurance - Correct Answer️️ --an economic device used to protect against extreme unforeseen loss - the transfer of risk from one party to another Premium - Correct Answer️️ --the fee paid by the insured in exchange for insurance Principle of Indemnity - Correct Answer️️ --the insurer should be restored to where they were before the incident -no profit can be made Idemnification - Correct Answer️️ --to compensate for l...

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  •  • 23 pages • 
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Insurance Adjuster Exam Questions and Answers 100% Pass

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Insurance Adjuster Exam Questions and Answers 100% Pass Which kind of losses are covered under a standard fire policy? - Correct Answer️️ - Direct All fires are not covered by the Standard Fire policies, only those that: - Correct Answer️️ -are hostile and have a flame or glow At what time does a fire policy go into affect? - Correct Answer️️ -12:01am standard time at the location of the insured's property A property is insured under two Standard Fire policies for $25,000 ea...

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  •  • 25 pages • 
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Claims Adjuster Exam Questions and Answers 100% Pass

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Claims Adjuster Exam Questions and Answers 100% Pass Multi Peril-Package - Correct Answer️️ -Any policy which provides property & liability coverage (not homeowner) ISO policy - Correct Answer️️ -Sold in Texas, but not Texas form Only Texas DP 1 - Correct Answer️️ -Mainly the only TDP sold, now with plethora of endorsements Texas Standard Fire Policy - Correct Answer️️ -Granddaddy of all Texas property policies Business auto coverage e.g. - Correct Answer️️ -Owner of...

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  •  • 11 pages • 
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  • uploaded  16-06-2024
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Claims Adjuster Exam 1 Questions and Answers 100% Pass

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Claims Adjuster Exam 1 Questions and Answers 100% Pass Actual Cash Value (ACV) - Correct Answer️️ -Cost to replace property with new property of like kind and quality less depreciation. Combined Single Limit - Correct Answer️️ -One limit per occurrence is what we pay up to Split limit - Correct Answer️️ -What we pay up to per person and per occurrence Deductible - Correct Answer️️ -What the customer will have to pay; we cover everything else Declarations Page (Dec Page) -...

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  • Exam (elaborations)
  •  • 18 pages • 
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