Types of adjusters - Study guides, Class notes & Summaries

3 types of adjusters - Answer Public, independent, staff What type of adjuster is employed by the insurance company? - Answer Staff What type of adjuster is contracted by the insured? - Answer Public What type of adjuster is contracted by the insurer? - Answer Independent Who does the Public Adjuster work for? - Answer The insured 4 components of the claim reporting process - Answer Claims investigation, evaluation, negotiation, disposal 3 types of reports an adjust...

AINS 21 Segment B (Chapters 4-6) Rated A+ claim a demand by a person or business seeking to recover from an insurer for a loss that may be covered by an insurance policy claimant anyone who submits a claim to an insurer first party the insured in an insurance contract third party a person or business who is not a party to the insurance contract bu who asserts a claim against the insured claim representative (or adjuster) a person responsible for verifying coverage, determinin...

claim - a demand by a person or business seeking to recover from an insurer for a loss that may be covered by an insurance policy claimant - anyone who submits a claim to an insurer first party - the insured in an insurance contract third party - a person or business who is not a party to the insurance contract bu who asserts a claim against the insured claim representative (or adjuster) - a person responsible for verifying coverage, determining the cause of loss, determining the amount o...

Agent one who receives the authority to act on behalf of someone else Sales agent Contracted to sell and service insurance policies on behalf of the insurer Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:00 / 0:54 Full screen 6 Ways to Show Appreciation for Your Child's Teacher Adjusters Contracted to settle claims that arise against the insurer Power to bind What the agent says or does can bind the insurer Agents should take the utm...

Texas all lines adjusters license exam study questions & answers 2024/2025 Risk - ANSWERSUncertainty Types of risk - ANSWERSPure vs speculative Pure not insured Peril - ANSWERSCause of loss- open vs named Hazard - ANSWERSTypes- physical , moral , morale Indemnity - ANSWERSNo gain Subrogation - ANSWERSInsurance sues at fault party Fiduciary - ANSWERSResponsible for property of others Waiver - ANSWERSInsurance company voluntarily gives up a policy right Warranty - AN...

Which one of the following best describes the type of risk control measure implemented? A. Procedural control B. Security control C. Managerial control D. Personnel control - A Outlining unacceptable cyber behavior with associated consequences is an example of A. A managed control. B. A personnel control. C. A physical control. D. An operational control. - B The extent of an organization's product of human intelligence that has economic value refers to which one of the following? A. Pe...

Which one of the following best describes the type of risk control measure implemented? A. Procedural control B. Security control C. Managerial control D. Personnel control - A Outlining unacceptable cyber behavior with associated consequences is an example of A. A managed control. B. A personnel control. C. A physical control. D. An operational control. - B The extent of an organization's product of human intelligence that has economic value refers to which one of the following? A. Pe...

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...

Which one of the following best describes the type of risk control measure implemented? A. Procedural control B. Security control C. Managerial control D. Personnel control - A Outlining unacceptable cyber behavior with associated consequences is an example of A. A managed control. B. A personnel control. C. A physical control. D. An operational control. - B The extent of an organization's product of human intelligence that has economic value refers to which one of the following? A. Pe...

Texas Adjuster Exam Unit 1company adjuster - correct answer What is another name for staff adjuster? Independent Adjuster - correct answer This type of adjuster usually handle claims for more than one company (and receives a fee based on time and expense) (pick one) staff adjuster, independent adjuster, contractors, or public adjuster Contractors - correct answer This type of adjuster may work for a company that furnishes adjuster for the handling of catastrophic losses. (Pick one) s...