Public adjusters state - Study guides, Class notes & Summaries

The insurer and insured agree to a specific value of insured item - correct answer Agreed Value Policies Someone who has care, custody or control of another's property - correct answer Bailee Claim filed by policy holder against his _ - correct answer First Party Claim When a person who entrusts another with an object and it results in injury to someone can be held liable for the injury to someone. Can be held liable for the injury i.e. Firearm or DWI - correct answer Negligent Entrust...

Florida 3-20 Public Adjusters State Exam (Set 1) UPDATED 2024 EXAM 140 QUESTIONS AND DETAILED ANSWERS

The insurer and insured agree to a specific value of insured item - Agreed Value Policies Someone who has care, custody or control of another's property - Bailee Claim filed by policy holder against his _ - First Party Claim When a person who entrusts another with an object and it results in injury to someone can be held liable for the injury to someone. Can be held liable for the injury i.e. Firearm or DWI - Negligent Entrustment Hazard that results from a conscious decision made by an i...

Florida 3-20 Public Adjusters State Exam |100% Correct Answers| #2024 Release "Insurer" has an obligation to pay covered loss, "insured" has no obligation *Ans*Unilateral insurance contract 626.854 (10) (b) *Ans*A public adjuster may not charge, agree to, or accept from any source compensation, payment, commission, fee, or any other thing of value in excess of: 1. Ten percent of the amount of insurance claim payments made by the insurer for claims based on events that a...

The insurer and insured agree to a specific value of insured item - Agreed Value Policies Someone who has care, custody or control of another's property - Bailee Claim filed by policy holder against his _ - First Party Claim When a person who entrusts another with an object and it results in injury to someone can be held liable for the injury to someone. Can be held liable for the injury i.e. Firearm or DWI - Negligent Entrustment Hazard that results from a conscious decision made by an ...

Someone who has care, custody or control of another's property - ANSWER-Bailee Claim filed by policy holder against his _ - ANSWER-First Party Claim When a person who entrusts another with an object and it results in injury to someone can be held liable for the injury to someone. Can be held liable for the injury i.e. Firearm or DWI - ANSWER-Negligent Entrustment Hazard that results from a conscious decision made by an insured to participate in a manner or behavior more likely to resul...

Florida 3-20 Public Adjusters State Exam (Set 1) | Questions with 100% Correct Answers | Verified | Latest Update

Florida 3-20 Public Adjusters State Exam (Set 1) Latest 2023/2024[100% correct answers & explanations]

The insurer and insured agree to a specific value of insured item correct answers Agreed Value Policies Someone who has care, custody or control of another's property correct answers Bailee Claim filed by policy holder against his _ correct answers First Party Claim When a person who entrusts another with an object and it results in injury to someone can be held liable for the injury to someone. Can be held liable for the injury i.e. Firearm or DWI correct answers Negligent Entrustment...

Florida 3-20 Public Adjusters State Exam Questions and Answers A subset of the claims function whereby suspicious losses are investigated separately from the normal claims adjusters' activities - Answer-Special Investigations Unit An insurer takes no action upon realizing material changes in a contract - Answer-Implied Waiver Acts committed without negligence but result in damages - Answer-Intentional Tort Willful and illegal sinking of a ship at sea or its cargo - Answer-barratry...