Garantie de satisfaction à 100% Disponible immédiatement après paiement En ligne et en PDF Tu n'es attaché à rien
logo-home
Recherché précédemment par vous
Recherché précédemment par vous
logo
MS adjuster license exam Questions & Answers €11,36
Ajouter au panier
Accédez rapidement à
Aperçu
  2.  
  3. MS Adjuster License
  4.  
  5. MS adjuster license

Examen

MS adjuster license exam Questions & Answers
 0 fois vendu
  • Cours
  • MS adjuster license
  • Établissement
  • MS Adjuster License

Jerome was shopping at ABC Imports when a light fixture fell from the ceiling and hit him on the head. Jerome's injuries resulted in an extended hospital stay, so he sued ABC Imports and was awarded $400,000. Assuming ABC Imports carries a CGL with a General Aggregate of $750,000 and a per occurren...

[Montrer plus]

Aperçu 4 sur 31  pages

Infos sur le Document

  • 29 octobre 2024
  • 31
  • 2024/2025
  • Examen
  • Questions et réponses

Sujets

  • strict liability
  • ms adjuster license exam questions answers
  • ms adjuster license exam stuvia
  • jerome was shopping at abc imports when a light fi

École, étude et sujet

  • MS adjuster license
  • MS adjuster license

Vendeur

avatar-seller
Bestgrades2

Avis reçus

Aperçu du contenu

MS adjuster license exam Questions &
Answers
Jerome was shopping at ABC Imports when a light fixture fell from the ceiling and hit
him on the head. Jerome's injuries resulted in an extended hospital stay, so he sued
ABC Imports and was awarded $400,000. Assuming ABC Imports carries a CGL with a
General Aggregate of $750,000 and a per occurrence limit of $250,000, what is the
maximum that ABC's insurer will pay for Jerome's injuries? - ANSWERS$250,000

Strict Liability: - ANSWERSholds a person liable for his actions regardless of how much
care he demonstrates.

Wendy hires Jim to build an addition to her house. Jim takes the job and finishes it in
good time. Unfortunately, as Wendy is walking across the threshold of the new addition,
a floorboard gives way and Wendy falls into the crawl-space below, injuring her leg and
back. Which commercial general liability coverage could help cover the cost of Wendy's
injuries? - ANSWERSCompleted Operations Liability

In which case would the insured be indemnified by her auto liability coverage? -
ANSWERSNOT: None; liability coverage never indemnifies the insured. OR she causes
property damage to her neighbor

Lucille owns her own woodworking business, building custom items such as dressers,
wooden trunks, and mantelpieces. A fire destroys her entire operation and Lucille files a
claim with her insurer. Which of the following would be covered under Coverage A of
the Building and Personal Property Coverage Form in her commercial property policy? -
ANSWERSA bandsaw permanently affixed to the floor

In which of these situations could a Mississippi insurer cancel a policy after 60 days with
sufficient notice? - ANSWERSThe policyholder's son has his license suspended during
the policy period.

Bonnie's PAP includes Comprehensive coverage. Which of the following losses could
this coverage pay for? - ANSWERSBonnie's car catches fire

Sam suffers $6,000 in injuries when Nicole runs a red light and crashes her uninsured
car into Sam's. Sam's own insurance company, ABC Insurance, immediately pays him
$5,000 for his injuries. Sam then ponders whether to file a $6,000 lawsuit against
Nicole. Why can't Sam sue Nicole for the full amount of his injuries? - ANSWERSBy
accepting payment from ABC Insurance, Sam subrogated a portion of his rights against
Nicole to ABC Insurance.

,In order to be a licensed adjuster, a person must be at least ____ years old. -
ANSWERS18

Grant works at ABC Convenience. One day, a man pulls up in an expensive car and
pays cash for his gas with a hundred dollar bill. Grant accepts the bill without checking
its validity. When Grant's manager checks the bill later, he discovers it is a fake. Which
commercial crime coverage could protect ABC Convenience from financial loss
associated with accepting the fake hundred dollar bill? - ANSWERSMoney orders and
counterfeit paper currency

States that allow private insurers to offer workers' comp coverage as an alternative to
the state workers' comp fund are called: - ANSWERScompetitive

The Employee Retirement Income Security Act (ERISA): - ANSWERSrequires that
every fiduciary of an employee benefit plan and every person who handles funds or
other property of those plans must be bonded

Bill lives in Mississippi and has the minimum auto liability coverage required for the
state. He causes an accident that results in $35,000 in property damage and $50,000 in
bodily injury to another person. How much will Bill have to pay out of pocket for this
accident? - ANSWERS$10,000 in property damage and $25,000 in medical expense

Which of the following statements regarding scheduled fidelity bonds is FALSE? -
ANSWERSAll employees are bonded for the same aggregate amount.

D'Anton spills coffee in his lap while driving, causing him to veer off the road and smash
into a telephone pole. Which part of his Auto Insurance Policy will help him pay for the
repairs to his car? - ANSWERSCollision coverage

If an insurer decides to cancel a personal auto policy (for a reason other than non-
payment of premiums) after the policy has been in effect for 60 days, the insurer must
provide written notice to the insured __________ in advance. - ANSWERS30 days

Acme Construction, Inc. has one contractor and one receptionist. The contractor makes
$25/hr, and the receptionist makes $10/hr. The contractor worked exactly 8 hours in
2010, so he made $200. The receptionist worked 10 hours, so she made $100.
Therefore, Acme's entire payroll for 2010 was $300. Assume that, for every $100 of
payroll, the WC rate for contractors is $50 and the rate for receptionists is $5. How
much did Acme owe in WC premiums? - ANSWERS$105

During a routine tooth extraction, Dr. Dentem administers too much laughing gas and
causes brain damage to his client. The family sues Dr. Dentem for failing to follow
procedure. Which kind of insurance would cover the cost of the lawsuit? -
ANSWERSMalpractice insurance

,Sally has an HO-3 policy on her $150,000 home in the country. One day, a bear breaks
down Sally's back door to get into her kitchen for a snack. When Sally comes home to
find the damage, she files a claim with her insurance company. Will the damage to
Sally's home be covered, and why or why not? - ANSWERSYes. The HO-3 is an open
peril policy, without exclusion for wildlife.

Which of the following is similar to a Business Auto Policy, but adds several policy
provisions and protections specific to the trucking industry? - ANSWERSNOT: Trip
Transit policy

Which of the following is NOT one of the requirements that adjusters must meet in order
to handle NFIP claims? - ANSWERSNOT: have at least four consecutive years of
adjusting experience OR Inform claimants that only the NFIP Servicing Agent or WYO
company can make a final decision on their claim

Which of the following insurers is NOT committing an unfair trade practice. -
ANSWERSACME Insurance is giving stock options to agents who exceed their sales
quotas

ABC Insurance has a deal with Sunset Realty in which ABC compensates Sunset for
requiring all home buyers purchase their homeowners insurance from ABC -
ANSWERSan "object"

Which of the following is an example of a moral hazard? - ANSWERSKen lights a
candle, sets it right next to the window draperies and leaves the house to go to work

In which section of an insurance policy might you find the following statement? "'We, us,
and our' refers to ABC Insurance company." - ANSWERSDefinitions

If the Commissioner has reason to believe that a person or company is engaging in an
unfair trade practice, he must give the person at least ____ notice before holding a
hearing to review the case. - ANSWERS10 days

Bobby just purchased an insurance policy for his home from XYZ Insurance. Which of
the following would be a reason this policy may not be legally binding? -
ANSWERSNOT: Bobby has an outstanding warrant for selling marijuana

Farmer Scott owns a farm and raises goats, producing a lot of manure. Occasionally,
after a strong rain, some of the waste washes into a nearby river. Which insurance
coverage can protect Scott from any liability caused by the goat waste runoff? -
ANSWERSFarm pollution liability

John moved out of his house and put it up for sale three months ago. While he was
waiting for the house to sell, John's plumbing pipes froze and burst in the icy
temperatures, which eventually led to water damaging the cabinetry and hardwood
floors. Which of the following statements would most likely be TRUE? -

, ANSWERSNOT: Bc John's house was still covered under an HO-3, the damage would
be covered.

Which of the following is found in the declarations page of an insurance policy? -
ANSWERSThe name of the insured party.

Under the Longshore and Harbor Workers' Compensation Act, how much would the
surviving spouse of a deceased worker receive in benefits? - ANSWERS50% of the
deceased worker's average weekly wage

Phil runs a locomotive repair business, which is insured under a commercial property
policy. One night, some blasting powder is accidentally ignited and blows a crowbar
through one of the engines. No one is hurt, but the locomotive is severely damaged.
Which coverage option may help cover the cost of repairing the engine from this
unfortunate event? - ANSWERSLegal liability coverage

Which of the following insurance protections is NOT offered by a garagekeeper's
insurance policy? - ANSWERSNOT: Specific causes of loss OR Comprehensive
coverage

Carmen was making $450 per week working in a mitten factory until she lost her thumb
in a work-related accident. Her Workers' Compensation benefits will pay _____ per
week for _____ weeks. - ANSWERS$300; 60

Making false or misleading statements about a policy's terms or benefits is unfair and
considered: - ANSWERSmisrepresentation

Randy owns a clothing store. One day, he notices a shady character with a backpack
who is hanging around acting nervous. Randy becomes suspicious and approaches the
young man. As the boy makes an effort to avoid him, Randy grabs his arm and detains
him until the police arrive. Not finding any stolen merchandise, the police let the boy go.
Two weeks later Randy is notified that he will be sued for violation of the young man's
civil rights. This is an example of what type of personal injury covered under Randy's
Commercial General Liability policy? - ANSWERSFalse Arrest, Detention, or
Imprisonment

After a tornado severely damaged their building, the owners of ABC Online Marketing
have to rent another building for a few months while repairs are underway. Which
additional coverage would help cover the cost of renting this other building? -
ANSWERSNOT: additional covered property endorsement OR Fixed cost insurance

Stephanie owns a house that she rents out for $2,500 a month. A massive kitchen fire
forces her tenants to move out while the interior is overhauled. After two months, the
repairs are complete, and Stephanie contacts her tenants, only to find that they've found
a new place to live. It takes Stephanie another month and a half to find new tenants.

Les avantages d'acheter des résumés chez Stuvia:

Qualité garantie par les avis des clients

Qualité garantie par les avis des clients

Les clients de Stuvia ont évalués plus de 700 000 résumés. C'est comme ça que vous savez que vous achetez les meilleurs documents.

L’achat facile et rapide

L’achat facile et rapide

Vous pouvez payer rapidement avec iDeal, carte de crédit ou Stuvia-crédit pour les résumés. Il n'y a pas d'adhésion nécessaire.

Focus sur l’essentiel

Focus sur l’essentiel

Vos camarades écrivent eux-mêmes les notes d’étude, c’est pourquoi les documents sont toujours fiables et à jour. Cela garantit que vous arrivez rapidement au coeur du matériel.

Foire aux questions

Qu'est-ce que j'obtiens en achetant ce document ?

Vous obtenez un PDF, disponible immédiatement après votre achat. Le document acheté est accessible à tout moment, n'importe où et indéfiniment via votre profil.

Garantie de remboursement : comment ça marche ?

Notre garantie de satisfaction garantit que vous trouverez toujours un document d'étude qui vous convient. Vous remplissez un formulaire et notre équipe du service client s'occupe du reste.

Auprès de qui est-ce que j'achète ce résumé ?

Stuvia est une place de marché. Alors, vous n'achetez donc pas ce document chez nous, mais auprès du vendeur Bestgrades2. Stuvia facilite les paiements au vendeur.

Est-ce que j'aurai un abonnement?

Non, vous n'achetez ce résumé que pour €11,36. Vous n'êtes lié à rien après votre achat.

Peut-on faire confiance à Stuvia ?

4.6 étoiles sur Google & Trustpilot (+1000 avis)

64302 résumés ont été vendus ces 30 derniers jours

Fondée en 2010, la référence pour acheter des résumés depuis déjà 15 ans

Commencez à vendre!

Récemment vu par vous

Examen ·

(0)

NURSING 212 Maternity Case Study Olivia Jones

Examen ·

(0)

ICS 200 Exam; Questions and Answers 100% Solved

Examen ·

(0)

NURS 6512N WEEK 10 QUIZ WITH ANSWERS (TWO SETS)

Notes de cours ·

(0)

nutrition notes - chapter 5.5 (omega fatty acids)

Examen ·

(0)

NR 503-MIDTERM EXAM 2024/2025 already graded A+

€11,36
  • (0)
Ajouter au panier
Ajouté