Adjuster pro exam - Study guides, Class notes & Summaries

INDIANA ADJUSTER PRO EXAM UPDATE WITH INSIGHTFUL QUESTIONS WITH CORRECT ANSWERS GRADED A+

Insurance Correct Answer transfer of risk Insurance Correct Answer transfer of risk Accident Insurance Correct Answer Covers expenses associated with a covered accident and can extend to ambulance and emergency room expenses, intensive care, and hospital costs. Accident insurance also provides for loss of income, and a death benefit if injuries prove fatal. Accumulated Depreciation Correct Answer The total decrease in an item's value over a period of time. Formula: (annual depreciation...

ADJUSTER PRO EXAM PREP LATEST UPDATE WITH QUESTIONS AND VERIFIED ANSWERS

ADJUSTER PRO EXAM 2024 UPDATE: QUESTIONS WITH CORRECT SOLUTIONS

Adjuster PRO Exam Questions and Answers 2024 The term "jurisdiction" means: A. The body of law that addresses and provides remedies for any civil wrongdoing performed on another party B. The authority of a court or judge to hear a case and to make a judgment C. The designation of a geographic area over which a particular court has jurisdiction D. When all the facts of a civil case are heard, and a judge makes the final decision about the court case -Answer-B. The authority of a court or...

When the insurer invokes the coinsurance penalty, Jim is then responsible for a third of the damages, which in this case totaled $45,000. So, Jim must pay $15,000. In the context of insurance adjusting, who is the principal? - answerThe source of the adjuster's authority What document do insurance companies give to claimants when they think something in the claim is not covered by the policy, but they are not sure yet? - answerReservation of Rights letter Which of the following is NOT...

Accumulated Depreciation The total decrease in an item's value over a period of time. Formula: (annual depreciation x number of years used). Subtract this number from the item's replacement cost to get its actual cash value (ACV).

ADJUSTER PRO EXAM FINAL 2023/24 UPDATED QUESTIONS WITH CORRECT SOLUTIONS

QUESTIONS AND ANSWERS