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Claims Adjuster Final (Multiple Choice Questions) Already Passed
Claims Adjuster Final (Multiple Choice Questions) Already Passed An adjuster is a fiduciary agent with a responsibility of loyalty to the interest of - Answer ️️ - The insured and insurer An insurer gives which of the following as Consideration for an insurance policy? - Answer ️️ - A Promise The interest of the insured and all other persons in the property involved in a claim is found in - Answer ️️ -A Proof of Loss An insured rear-ends another driver's vehicle. The auto po...
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- • 15 páginas •
Claims Adjuster Final (Multiple Choice Questions) Already Passed An adjuster is a fiduciary agent with a responsibility of loyalty to the interest of - Answer ️️ - The insured and insurer An insurer gives which of the following as Consideration for an insurance policy? - Answer ️️ - A Promise The interest of the insured and all other persons in the property involved in a claim is found in - Answer ️️ -A Proof of Loss An insured rear-ends another driver's vehicle. The auto po...
PUBLIC ADJUSTER QUESTIONS AND ANSWERS 100% PASS
PUBLIC ADJUSTER QUESTIONS AND ANSWERS 100% PASS Program Trigger for terrorist acts must cause a collective damage in excess of? - Answer ️️ -• $100,000,000 TF A public adjuster may own no more than 50% in a salvage or similar business? - Answer ️️ -• F General Average - Answer ️️ -• Loss shared by all parties Particular Average - Answer ️️ -• Only one party shares in the loss. In a home owner policy there is no deductible for - Answer ️️ -• Liability Coverag...
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- • 12 páginas •
PUBLIC ADJUSTER QUESTIONS AND ANSWERS 100% PASS Program Trigger for terrorist acts must cause a collective damage in excess of? - Answer ️️ -• $100,000,000 TF A public adjuster may own no more than 50% in a salvage or similar business? - Answer ️️ -• F General Average - Answer ️️ -• Loss shared by all parties Particular Average - Answer ️️ -• Only one party shares in the loss. In a home owner policy there is no deductible for - Answer ️️ -• Liability Coverag...
N.C. Claims Adjuster Exam Latest 2024 Rated A+
N.C. Claims Adjuster Exam Latest 2024 Rated A+ Inception/Expiration Date - Answer ️️ -an insurance policy covers the insured starting at 12:01am on the day on which coverage begins and expires at 12:01am on the expiration day of the policy. Occurrence Date - Answer ️️ -Date of which the loss occurred Identification of parties involved - Answer ️️ -The loss report should include the names and addresses of the parties involved in the loss, the names and addresses of any injured p...
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N.C. Claims Adjuster Exam Latest 2024 Rated A+ Inception/Expiration Date - Answer ️️ -an insurance policy covers the insured starting at 12:01am on the day on which coverage begins and expires at 12:01am on the expiration day of the policy. Occurrence Date - Answer ️️ -Date of which the loss occurred Identification of parties involved - Answer ️️ -The loss report should include the names and addresses of the parties involved in the loss, the names and addresses of any injured p...
TX ADJUSTER TEST QUESTIONS AND ANSWERS ALREADY PASSED
TX ADJUSTER TEST QUESTIONS AND ANSWERS ALREADY PASSED Subrogate Subrogation is the right for an insurer to legally pursue a third party that caused an insurance loss to the insured. This is done as a means of recovering the amount of the claim paid by the insurance carrier to the insured for the loss. - Answer ️️ -While investigating a claim, you determine that the loss was caused by a defective mechanism in the dishwasher. You would attempt to_________________________? Appraisal - An...
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- • 12 páginas •
TX ADJUSTER TEST QUESTIONS AND ANSWERS ALREADY PASSED Subrogate Subrogation is the right for an insurer to legally pursue a third party that caused an insurance loss to the insured. This is done as a means of recovering the amount of the claim paid by the insurance carrier to the insured for the loss. - Answer ️️ -While investigating a claim, you determine that the loss was caused by a defective mechanism in the dishwasher. You would attempt to_________________________? Appraisal - An...
Adjuster Pro - Insurance adjuster test latest 2024 already passed
Adjuster Pro - Insurance adjuster test latest 2024 already passed What is insurance? - Answer ️️ -protection against financial loss what is a premium - Answer ️️ -a scheduled amount to be paid for an insurance policy. What are premiums used for - Answer ️️ -premiums are collected into a "pool" or "reserve to pay out claimants when needed. how can insurance companies afford to pay for an individuals catastrophic loss? - Answer ️️ - the insurer collects premiums from all ...
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- • 15 páginas •
Adjuster Pro - Insurance adjuster test latest 2024 already passed What is insurance? - Answer ️️ -protection against financial loss what is a premium - Answer ️️ -a scheduled amount to be paid for an insurance policy. What are premiums used for - Answer ️️ -premiums are collected into a "pool" or "reserve to pay out claimants when needed. how can insurance companies afford to pay for an individuals catastrophic loss? - Answer ️️ - the insurer collects premiums from all ...
Claims Adjuster Exam Questions and Answers Already Passed
Claims Adjuster Exam Questions and Answers Already Passed Multi Peril-Package - Answer ️️ -Any policy which provides property & liability coverage (not homeowner) ISO policy - Answer ️️ -Sold in Texas, but not Texas form Only Texas DP 1 - Answer ️️ -Mainly the only TDP sold, now with plethora of endorsements Texas Standard Fire Policy - Answer ️️ -Granddaddy of all Texas property policies Business auto coverage e.g. - Answer ️️ -Owner of a taxi to cover collision damage...
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- • 9 páginas •
Claims Adjuster Exam Questions and Answers Already Passed Multi Peril-Package - Answer ️️ -Any policy which provides property & liability coverage (not homeowner) ISO policy - Answer ️️ -Sold in Texas, but not Texas form Only Texas DP 1 - Answer ️️ -Mainly the only TDP sold, now with plethora of endorsements Texas Standard Fire Policy - Answer ️️ -Granddaddy of all Texas property policies Business auto coverage e.g. - Answer ️️ -Owner of a taxi to cover collision damage...
Claims Adjuster Exam 1 Questions and Answers Rated A+
Claims Adjuster Exam 1 Questions and Answers Rated A+ Actual Cash Value (ACV) - Answer ️️ -Cost to replace property with new property of like kind and quality less depreciation. Combined Single Limit - Answer ️️ -One limit per occurrence is what we pay up to Split limit - Answer ️️ -What we pay up to per person and per occurrence Deductible - Answer ️️ -What the customer will have to pay; we cover everything else Declarations Page (Dec Page) - Answer ️️ -The basic infor...
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- • 15 páginas •
Claims Adjuster Exam 1 Questions and Answers Rated A+ Actual Cash Value (ACV) - Answer ️️ -Cost to replace property with new property of like kind and quality less depreciation. Combined Single Limit - Answer ️️ -One limit per occurrence is what we pay up to Split limit - Answer ️️ -What we pay up to per person and per occurrence Deductible - Answer ️️ -What the customer will have to pay; we cover everything else Declarations Page (Dec Page) - Answer ️️ -The basic infor...
Insurance Adjuster Exam Questions and Answers Rated A+
Insurance Adjuster Exam Questions and Answers Rated A+ Which kind of losses are covered under a standard fire policy? - Answer ️️ -Direct All fires are not covered by the Standard Fire policies, only those that: - Answer ️️ -are hostile and have a flame or glow At what time does a fire policy go into affect? - Answer ️️ -12:01am standard time at the location of the insured's property A property is insured under two Standard Fire policies for $25,000 each. A fire causes $10,000...
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- • 22 páginas •
Insurance Adjuster Exam Questions and Answers Rated A+ Which kind of losses are covered under a standard fire policy? - Answer ️️ -Direct All fires are not covered by the Standard Fire policies, only those that: - Answer ️️ -are hostile and have a flame or glow At what time does a fire policy go into affect? - Answer ️️ -12:01am standard time at the location of the insured's property A property is insured under two Standard Fire policies for $25,000 each. A fire causes $10,000...
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