Rhode island adjusters - Study guides, Class notes & Summaries

How many days does the insurer have to send out forms when notified of accident? ten days At what time is the policy effective? 12:01 am What are the financial responsibility limits in Rhode Island? 25/50/25 By virtue of payment, the insurance company assumes the rights of the insured to pursue the responsible party for damages only to the extent of the insurance company's payment, and as a service, the insurance company will attempt to recover the insured's deductible. What does this d...

AT WHAT TIME IS THE POLICY EFFECTIVE? - ANSWER-12:01 AM WHAT IS THE MAIN DIFFERENCE BETWEEN A NON-WAIVER AGREEMENT AND A ROR? - ANSWER--NON-WAIVER IS SIGNED BY THE INSURED AND INSURER -ROR IS A LETTER IF AN INSURED IS COVERED BY 2 POLICIES ON ONE LOSS AND THE INS. COMPANIES SETTLE IT, WHAT CLAUSE WOULD THIS BE UNDER? - ANSWER-OTHER INSURANCE CLAUSE WHEN AN INSURED REQUESTS STATUS UPDATE, HOW MANY DAYS DOES THE ADJ HAVE TO NOTIFY THEM IN WRITING THAT STILL INVEST.? - ANSWER-10 DAYS I...

RHODE ISLAND ADJUSTER UPDATED Exam Questions and CORRECT Answers HOW MANY DAYS DOES THE INSURER HAVE TO SEND OUT FORMS WHEN NOTIFIED OF AN INCIDENT? - Correct Answer- 10 DAYS AT WHAT TIME IS THE POLICY EFFECTIVE? - Correct Answer- 12:01 AM WHAT IS THE MAIN DIFFERENCE BETWEEN A NON-WAIVER AGREEMENT AND A ROR? - Correct Answer- -NON-WAIVER IS SIGNED BY THE INSURED AND INSURER -ROR IS A LETTER

All employers who apply for approval to self insure shall pay an application fee based on what? The number of employees What is the application fee for a company with 1000 or more employees? $500.00 If an employer is approved to self insure from the director, what happens to the application fee? The application fee is applied as a credit to reduce the amount of the assessment apportioned to that employer pursuant to subdivision (b)3 of this section Non Work related injuries that are not co...

Rhode Island Adjuster Exam Spring Questions and Answers Graded A+ how many days does the insurer have to send out forms when notified of an incident? 10 days at what time is the policy effective? 12:01 am what is the main difference between a non-waiver agreement and a ror? -non-waiver is signed by the insured and insurer -ror is a letter if an insured is covered by 2 policies on one loss and the ins. companies settle it, what clause would this be under? other insurance clause when an ...

ten days correct answersHow many days does the insurer have to send out forms when notified of accident? 12:01 am correct answersAt what time is the policy effective? 25/50/25 correct answersWhat are the financial responsibility limits in Rhode Island? subrogation correct answersBy virtue of payment, the insurance company assumes the rights of the insured to pursue the responsible party for damages only to the extent of the insurance company's payment, and as a service, the insurance c...

how many days does the insurer have to send out forms when notified of an incident? 10 days at what time is the policy effective? 12:01 am what is the main difference between a non-waiver agreement and a ror? -non-waiver is signed by the insured and insurer -ror is a letter if an insured is covered by 2 policies on one loss and the ins. companies settle it, what clause would this be under? other insurance clause when an insured requests status update, how many days does the adj have to n...

Rhode Island Adjuster's Exam Questions and Answers Graded A+ How many days does the insurer have to send out forms when notified of accident? ten days At what time is the policy effective? 12:01 am What are the financial responsibility limits in Rhode Island? 25/50/25 By virtue of payment, the insurance company assumes the rights of the insured to pursue the responsible party for damages only to the extent of the insurance company's payment, and as a service, the insurance company will...

Rhode Island Adjuster Practice Exam Questions and Answers Rated A+ Which of the following phrases BEST defines a hazard? A. The uncertainty of a loss B. The cause of a loss C. An unexpected loss D. A condition that increases the chance of a loss D A family takes their 50-horsepower outboard motor boat to the lake on a trailer towed behind their personal auto. The pleasure boat is appropriately covered for physical damage under which of the following policies? A. Dwelling B. Homeowne...

Which of the following phrases BEST defines a hazard? A. The uncertainty of a loss B. The cause of a loss C. An unexpected loss D. A condition that increases the chance of a loss D A family takes their 50-horsepower outboard motor boat to the lake on a trailer towed behind their personal auto. The pleasure boat is appropriately covered for physical damage under which of the following policies? A. Dwelling B. Homeowners C. Boat owners D. Yacht C