Claim adjuster - Study guides, Class notes & Summaries

TEXAS ADJUSTER EXAM 2024 WITH 100% CORRECT ANSWERS If an automobile policy has split limits of 30/60/25. What is the maximum amount of liability coverage that would be paid in a covered loss where three people are involved. - correct answer $30,000 Which of the following statements best describes an inland marine policy? - correct answer Pertains to Cargo with no fixed location Alex is traveling through College Station and hits a deer, and the damages are $1500. He has comprehensive c...

New York Adjuster Exam Questions with 100% correct Answers 2023 The insured has moved into a dwelling that was being build and was covered by the "Dwelling under Construction" endorsement. How long does the insured have to report his / her occupancy to the insurance company? {{Correct Ans- 30 days When a New York Homeowners policy is still in the 60-day underwriting period, the insurer may cancel it for any reason by providing a ______ notice. {{Correct Ans- 30 day Personal property tha...

PA Appraisal License 16-20 Auto Physical Damage Exam Questions and Answers 100% Solved In PA, a consumer reporting agency may list all of the following information about a consumer EXCEPT: - answerMedical Information The device that synchronizes the spark plug firing sequence is: - answerCamshaft Sensor If an insured fail to report a claim in a timely fashion the adjuster will usually: - answerSend the insured a reservation of rights letter When using a dedicated bench fixture to measure...

Texas All Lines Adjuster Laws & Regulation exam 2023. 1. All of the following are exempted from the requirement of an adjuster's license examination except: A. Those persons holding CPCU designation; B. those persons adjusting workers compensation claims; C. Those persons who have received the Associate in Claims (AIC) designation; D. Those persons who have a certificate of completion showing that within the past 12 months the applicant has completed a certified adjuster prelicensing ...

TEST FOR ADJUSTER PRO, FLORIDA STUDY(QUESTIONS AND ANSWERS)A+ GRADED EXAM 2023-2024 - CORRECT ANSWER-Subtract the deductible from covered damages to get indemnification - CORRECT ANSWER-6 unique characteristics of insurance policy 1 Contracts of adhesion (court ez win) 2 Utmost good faith 3 aleatory 4 personal 5 Unilateral (only insurer has obligation) 6 Conditional - CORRECT ANSWER-1945 regulate insurance Naic doesn't give benefits to comissioners 90 day to pay hijacking on...

CLAIM ADJUSTER DEFINITIONS CLAIM: The assertion of an alleged legal right against an insurer, which carries with it demand for appropriate relief. • First party claim—made by the insured directly against the insurer which issued the policy, e.g. a physical damage claim on auto or for loss to property under a Homeowner. An individual making such a claim is a First Party Claimant. • Third party claim—made by a 3rd party against an insured under a liability policy, e.g., a claim for ...

New York Adjuster Exam 2024 The insured has moved into a dwelling that was being build and was covered by the "Dwelling Under Construction" endorsement. How long does the insured have to report his / her occupancy to the insurance company? - Answer ️️ -30 days When a New York Homeowners policy is still in the 60-day underwriting period, the insurer may cancel it for any reason by providing a ______ notice. - Answer ️️ -30 day Personal property that is covered under the Personal P...

Tx Claim Adjuster Pre- License Exam Questions and Complete Solutions Graded A+

New York State General Adjuster 17-70 Exam 2023-2024 With 100% Complete solutions An employee has been asked to use his own personal vehicle to perform certain tasks on behalf of his employer. What coverage is used under the business auto policy to protect the employer for lawsuits when the employee has an accident that causes legal action against the employer? {{Correct Ans- Employers non-ownership coverage. This coverage protects the employer and not the employee. The employee is covered unde...

The Commissioner of Insurance in Mississippi is elected to office for a term of 4 years The burden of proof for determining that a producer is representing an authorized insurer falls on The producer The fine the Commissioner may levy for violating any provision of the Insurance Code is $1000 A foreign insurer An insurer formed under the laws of any state other than Mississippi would be known as Each of the following is true about the Mississippi Residential Prope...