Policy of estoppel - Study guides, Class notes & Summaries

Risk - ANSWER-the chance or uncertainty of loss Risk - ANSWER-used within the insurance industry to refer to the subject of the insurance policy Possibility of loss - ANSWER-the concept of risk involves ___________________ Insurance - ANSWER-a formal social device used to accomplish the transfer of risk from an insured to the insurer Insurance policy - ANSWER-a legal contract in which the premium paid represents a small certain cost exchanged so that the insurer will cover the possib...

LA Claims Adjuster Property and Causality Practice Exam 2 Questions and Answers Already Passed A single Declarations page common to all coverages A single conditions section common to all coverages A commercial package policy always includes Send the insured a reservation of rights letter If the insured fails to report claim in a timely fashion, the adjuster will immediately ___ $1000 per person The basic limit for coverage F-medical payments of the standard homeowners form is nor...

A public adjuster represents the interest of: A. The insurer B. The Insured C. The employer D. The interest of the general public correct answers 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 Report D. None of the above correct answers A. Field Report States have adopted statutes regarding claims adjusting. To avoid unfair treatment to a claimant the adjuster must n...

webce test Questions With Solutions Which of the following situations presents a situation of pure risk? -knowing that his family is depending on him, Frank wants to insure his life -wanting to increase his retirement savings, Saul invests his life savings in the stock market -Ralph takes a second mortgage on his house and uses the proceeds to gamble -wanting better job security, Ron cashes in his life insurance to start his own business - ANS knowing that his family is depending on ...

1 FLORIDA 6-20 ALL LINES ADJUSTER TEST QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED/ A public adjuster represents the interest of: A. The insurer B. The Insured C. The employer D. The interest of the general public - -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 Report D. None of the above - -A. Field Report States have adopted statutes regarding claims adjusting. To a...

Florida 6-20 All Lines Adjuster Test Questions with 100% Verified Correct Answers 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 Report D. None of the above - Correct Answer A. Field Report States have adopted statutes reg...

CISR - Agency Operations Exam 65 Questions with Answers Professional - CORRECT ANSWER One engaged in an occupation requiring a high level of training and proficiency To be recognized as knowledgeable, gain public trust, avoid government regulation, enhance credibility - CORRECT ANSWER What are the benefits of being ethical? True - CORRECT ANSWER Is this example an ethical issue? Rating a vehicle using the wrong classification No - CORRECT ANSWER Are you allowed to sign for the insu...

LIFE, HEALTH & VARIABLE ANNUITY (2-15 EXAM) QUESTIONS AND ANSWERS LATEST UPDATE 2024/2025 (100% Solved) An owner is worried that employees will help themselves to products on the shelf without paying for them. This is an example of what type of hazard? - CORRECT ANSWERS Moral Hazard Won't fly an airplane, never drives a car and keeps money out of the stock market is known as what type of risk ? - CORRECT ANSWERS Risk Avoidance Only pure risk is insurable. TRUE or FALSE? - CORRECT ANSWERS T...

Full revision guide of contract law covering the following topics in depth: -offer -acceptance -certainty -consideration -promissory estoppel -contractual terms -unfair contract terms -mistake and agreement mistake -misrepresentation -misrepresentation remedies -illegality and public policy -duress -undue influence and unconscionability -frustration -discharge of contracts -anticipatory breach -remedies -restitution.

Kentucky Life Insurance Exam Questions and Answers Rated A+ Elements of a Contract Competent parties, legal purpose, offer and acceptance, consideration Waiver Voluntary giving up of a known right or privilege, can be express or implied Estoppel A person is prohibited by virtue of his own past actions from claiming a right that would work to the detriment of another who relied on the past conduct Aleatory Contract a contract where the values exchanged may not be equal but depend on an uncerta...