State farm casualty test - Study guides, Class notes & Summaries

Florida 6-20 All Lines Adjuster Test| 276 questions| 50 Pages| With Complete Solutions Florida 6-20 All Lines Adjuster Test| 276 questions| 50 Pages| With Complete Solutions A public adjuster represents the interest of: A. The insurer B. The Insured C. The employer D. The interest of the general public - Correct Answer -B. The insured Which of the following is the type of report that indicates the initial results of a claim investigation? A. Field Report B. Interim Report C. Full Re...

Adjuster's License Test - Adjusting Losses Exam Questions and Answers A public adjuster Primarily represents the interests of: -Answer-The insured named in the policy Adjusters employed by State Farm, Allstate, and Travelers would be considered what type of adjusters -Answer-Company or Staff The CT insurance Dept. regulates activities of PAs by setting fourth specific rules in communicating settlement offers from the insurer of their clients. Accordingly, upon receipt of an offer to set...

South Carolina Property and Casualty Insurance Exam Test 2024 The process an insurer uses to evaluate applications and determine if a policy should be issued and on what terms, conditions, and rate is known as? - CORRECT ANSWERUnderwriting The Director is conducting an examination of a foreign company transacting business in South Carolina. Who is responsible for the cost of the examination? - CORRECT ANSWER-Foreign company Driver A has a personal auto policy with Part C: UM/UIM limi...

Alabama Insurance: Property and Casualty Exam A with Verified Solutions What is hazard? - Answer -An increase in the possibility that a loss might occur What rating method involves modifying the premium based on the insureds loss experience over a specified period of time? - Answer -Experience Rating In a particular state, an insurance company must file policy forms and rates with the state the insurance department and wait for official approval before using the new forms and rates. This i...

Adjuster's License Test - Adjusting Losses Exam Questions and Answers A public adjuster Primarily represents the interests of: -Answer-The insured named in the policy Adjusters employed by State Farm, Allstate, and Travelers would be considered what type of adjusters -Answer-Company or Staff The CT insurance Dept. regulates activities of PAs by setting fourth specific rules in communicating settlement offers from the insurer of their clients. Accordingly, upon receipt of an offer to set...

State Farm Test Studies Questions and Answers (2023/2024) (Verified Answers) 1. The general penalty for violating any provision of the insurance Code for which a different penalty is not specifically provided is? (ANS)A Fine up to $5,000 2. The Chief Officer of the Insurance Department is the Commissioner of Insurance. How long and Who is he ELECTED by to office for a term? (ANS)He is Elected by the People for a 4 year term 3. An incorporated insurer owned by its policyholders is known ...

Alabama Property and Casualty Sample Quiz 1-100 Already Passed What is a hazard? an increase in the possibility that a loss might occur transfer risk from a person or business to an insurance company that agrees to to pay for losses in exchange for a premium. insurance The type of insurance company in which the policyholder is considered an owner, with the right to vote and share in the profits is a mutual company Jewel Canford's home is insured by XYZ Insurance Company. Last year she made t...

State Farm Test Studies Questions and Answers (2022/2023) (Verified Answers) 1. The general penalty for violating any provision of the insurance Code for which a different penalty is not specifically provided is? (ANS)A Fine up to $5,000 2. The Chief Officer of the Insurance Department is the Commissioner of Insurance. How long and Who is he ELECTED by to office for a term? (ANS)He is Elected by the People for a 4 year term 3. An incorporated insurer owned by its policyholders is known ...

South Carolina Property and Casualty Insurance Exam Test 2024 The process an insurer uses to evaluate applications and determine if a policy should be issued and on what terms, conditions, and rate is known as? - CORRECT ANSWERUnderwriting The Director is conducting an examination of a foreign company transacting business in South Carolina. Who is responsible for the cost of the examination? - CORRECT ANSWER-Foreign company Driver A has a personal auto policy with Part C: UM/UIM limi...