Adjuster licensing Study guides, Class notes & Summaries

Abandonment Condition A condition often contained in property insurance policies that states that the insured cannot abandon damaged property to the insurer and demand to be reimbursed for its full value. Absolute Liability Type of liability imposed by law on those participating in certain activities that are coered particularly hazardous; person may be held liabile even though they were not negligent. 6 Ways to Show Appreciation for Your Child's Teacher 0:14 / 0:54 Accide...

South Carolina Adjuster Licensing Exam questions and answers

1 ADJUSTER LICENSING (FL)/ EXAM REVIEW QUESTIONS AND ANSWERS, VERIFIED What is a reserve, in insurance terms? - -A pool of collected premiums that the insurer sets aside to pay claims Ricky was watching a baseball game at XYZ Stadium, when the railing on which he was leaning gave way and he fell two stories. As a result of his fall, Ricky broke his back and is now paralyzed from the waist down. Ricky sued the owners of XYZ Stadium and was awarded $150,000 to cover his medical bills and...

GA Claims Adjuster Licensing Exam with Complete Solutions

Which of the following businesses would be eligible for a business owners policy? I. Doughnut shop. II. Wholesale florist. III. Barber shop. IV. Taxidermist. - ALL Each of the following people would be an insured for auto medical payments coverage under Bob Miller's business auto policy, EXCEPT a. Bob Miller (the named insured), struck by an auto while walking across the street. The auto was not a covered auto. b. Mel Carpenter, Bob's neighbor, occupying a covered auto. c. Frank Thom...

Adjuster Licensing (Fl) Exam Questions With Answers @ 2024...

What is a reserve, in insurance terms? correct answers A pool of collected premiums that the insurer sets aside to pay claims Ricky was watching a baseball game at XYZ Stadium, when the railing on which he was leaning gave way and he fell two stories. As a result of his fall, Ricky broke his back and is now paralyzed from the waist down. Ricky sued the owners of XYZ Stadium and was awarded $150,000 to cover his medical bills and $2.5 million in __________ because of the permanent nature of hi...

What coverage does Community Eligibility apply to? CORRECT ANSWER Flood insurance through FEMA What's the difference between Emergency Program and Regular Program in the National Flood Insurance Program? CORRECT ANSWER Emergency applies to homes in communities that are a normally not a flood hazard. Regular programs are awarded to an entire community that is eligible due to flood hazard. What is the flood coverage on a regular program in a 1-4 Family Dwelling? CORRECT ANSWER $250,000 O...

California Insurance Adjuster Licensing Exam (2024) || With Complete Solutions (100% Correct) California Insurance Adjuster Licensing Exam (2024) || With Complete Solutions (100% Correct) An economic device used to protect against the risk of realizing unforeseen and extraordinary financial loss is called - ANSWER - Insurance Premium, payments - ANSWER - In an insurance contract rhe policyholder gives the insurer— and the insurer gives the policyholder —- Insurance - ANSWER - The t...

While driving, Ben was struck by another driver, Roxanne. Ben then filed a claim with Roxanne's insurer. In essence, what was Ben doing when he filed this claim? Alerting Roxanne's insurer of his intent to take the case to court Submitting a formal request to settle the damages with Roxanne's insurer Ordering Roxanne's insurer to pay for his damages within 15 days Admitting he was actually "at fault" - Answer Submitting a formal request to settle the damages with Roxanne's insure...