Oklahoma adjusters exam Study guides, Class notes & Summaries

Earth movement endorsement - ANSWERS· Separate premium dependent on the type of dwelling and how susceptible it is to earth quakes Deductible is a percentage of loss Home Day Care Coverage Endorsement - ANSWERS-homeowners policy endorsement used to provide coverage for home __________ businesses -Includes liability coverage -does not include coverage for sexual assault Personal property replacement cost - ANSWERSHomeowners policy endorsement that adds replacement cost coverage for pers...

The source of the adjusters authority - ANSWERSIn the context of insurance adjusting, who is the principal? Coverage is not negotiable - ANSWERSWhen Nancy is pulling into her driveway, she accidentally hit the gas and plowed through her front wall. She tries to negotiate the claim with the adjuster, why is this not possible? True - ANSWERSTrue or false: assuring a claimant a policy is covered without determining the cause of loss is considered improperly acting as a fiduciary agent? Civ...

The source of the adjusters authority - ANSWERSIn the context of insurance adjusting, who is the principal? Coverage is not negotiable - ANSWERSWhen Nancy is pulling into her driveway, she accidentally hit the gas and plowed through her front wall. She tries to negotiate the claim with the adjuster, why is this not possible? True - ANSWERSTrue or false: assuring a claimant a policy is covered without determining the cause of loss is considered improperly acting as a fiduciary agent? Civ...

Earth movement endorsement - ANSWER-· Separate premium dependent on the type of dwelling and how susceptible it is to earth quakes Deductible is a percentage of loss Home Day Care Coverage Endorsement - ANSWER--homeowners policy endorsement used to provide coverage for home __________ businesses -Includes liability coverage -does not include coverage for sexual assault Personal property replacement cost - ANSWER-Homeowners policy endorsement that adds replacement cost coverage for pers...

Underwriter - ANSWERSA person who selects risk for the insurer is Appointed by the gov - ANSWERSall of the following are true regarding the Oklahoma Insurance Commissioner EXCEPT Issued as often as necessary - ANSWERSRegarding the Oklahoma Insurance Department promulgating Rules and Regulations, which of the following is true? Glen Mulready - ANSWERSwho is the Oklahoma Insurance commissioner

Underwriter - ANSWERSA person who selects risk for the insurer is Appointed by the gov - ANSWERSall of the following are true regarding the Oklahoma Insurance Commissioner EXCEPT Issued as often as necessary - ANSWERSRegarding the Oklahoma Insurance Department promulgating Rules and Regulations, which of the following is true? Glen Mulready - ANSWERSwho is the Oklahoma Insurance commissioner Receive new business from an eligible surplus lines broker - ANSWERSXYX insurance company is ...

Which of the following statements about WC is correct? - ANSWER-WC is an exclusive remedy. According to the Jones Act, if a seaman is negligent in a claim against the employer, which of the following is correct: - ANSWER-violation of posted safety standards can affect the outcome of the claim. The Sooners insurance company has written WC policies for several employers in OK. Tim's employer, Tiny Trinkets, has submitted a claim on Tim's behalf for a leg injury he sustained in the course o...

In the case of a weather-related catastrophe or a major natural disaster, the Oklahoma Commissioner may extend the deadline to accept or deny a claim for an additional: - ANSWERS7 days. A coverage extension included on the Building and Personal Property coverage form provides coverage for business personal property temporarily stored in a detached trailer within 100 feet of the insured building for: - ANSWERSA limit of $10,000 unless higher limits are purchased. The Section II - Additional...

Underwriter - ANSWERSA person who selects risk for the insurer is Appointed by the gov - ANSWERSall of the following are true regarding the Oklahoma Insurance Commissioner EXCEPT Issued as often as necessary - ANSWERSRegarding the Oklahoma Insurance Department promulgating Rules and Regulations, which of the following is true? Glen Mulready - ANSWERSwho is the Oklahoma Insurance commissioner Receive new business from an eligible surplus lines broker - ANSWERSXYX insurance company is ...

Underwriter - ANSWERSA person who selects risk for the insurer is Appointed by the gov - ANSWERSall of the following are true regarding the Oklahoma Insurance Commissioner EXCEPT Issued as often as necessary - ANSWERSRegarding the Oklahoma Insurance Department promulgating Rules and Regulations, which of the following is true? Glen Mulready - ANSWERSwho is the Oklahoma Insurance commissioner Receive new business from an eligible surplus lines broker - ANSWERSXYX insurance company is ...