Adjuster pro section 6 - Study guides, Class notes & Summaries

Adjuster Pro - Insurance adjuster test latest 2023 already passed What is insurance? protection against financial loss what is a premium a scheduled amount to be paid for an insurance policy. What are premiums used for premiums are collected into a "pool" or "reserve to pay out claimants when needed. how can insurance companies afford to pay for an individuals catastrophic loss? the insurer collects premiums from all policy holders and uses them to pay out the claims of a few. what is Ind...

ADJUSTER PRO - INSURANCE ADJUSTER TEST(QUESTIONS AND REVIEWED ANSWERS) 2023-2024 What is insurance? - CORRECT ANSWER-protection against financial loss what is a premium - CORRECT ANSWER-a scheduled amount to be paid for an insurance policy. What are premiums used for - CORRECT ANSWER-premiums are collected into a "pool" or "reserve to pay out claimants when needed. how can insurance companies afford to pay for an individuals catastrophic loss? - CORRECT ANSWER-the insurer collect...

Adjuster Pro Section-6 Questions and Answers 100% CorrectAdjuster Pro Section-6 Questions and Answers 100% CorrectAdjuster Pro Section-6 Questions and Answers 100% CorrectAdjuster Pro Section-6 Questions and Answers 100% CorrectAdjuster Pro Section-6 Questions and Answers 100% Correct Adjuster's Ethical SItuation - ANSWER--Adjuster make frequent decisions involving larger amounts of money -Adjusters should always determine a fair and equitable settlement that abides by the insurance contrac...

Adjuster's Ethical SItuation -Adjuster make frequent decisions involving larger amounts of money -Adjusters should always determine a fair and equitable settlement that abides by the insurance contract Inducement An action, item, or promise made to someone to motivate them toward certain desired actions Consequences for Accepting Inducements -Losing license -Reputation Loss -Lawsuits -Jail time Kickbacks Money or favors offered to the adjuster in exchange for refe...

Adjuster Pro - Insurance adjuster test latest 2024 already passed What is insurance? - Answer ️️ -protection against financial loss what is a premium - Answer ️️ -a scheduled amount to be paid for an insurance policy. What are premiums used for - Answer ️️ -premiums are collected into a "pool" or "reserve to pay out claimants when needed. how can insurance companies afford to pay for an individuals catastrophic loss? - Answer ️️ - the insurer collects premiums from all ...

Adjuster Pro Section-6/70 Complete Questions and Answers 2023

Adjuster Pro - Insurance adjuster test Questions And Answers What is insurance? - ANS protection against financial loss what is a premium - ANS a scheduled amount to be paid for an insurance policy. What are premiums used for - ANS premiums are collected into a "pool" or "reserve to pay out claimants when needed. how can insurance companies afford to pay for an individual's catastrophic loss? - ANS the insurer collects premiums from all policyholders and uses them to...

Adjuster Pro - Insurance adjuster test latest 2024 already passed What is insurance? - Answer ️️ -protection against financial loss what is a premium - Answer ️️ -a scheduled amount to be paid for an insurance policy. What are premiums used for - Answer ️️ -premiums are collected into a "pool" or "reserve to pay out claimants when needed. how can insurance companies afford to pay for an individuals catastrophic loss? - Answer ️️ - the insurer collects premiums from all ...

Adjuster Pro - Insurance adjuster test| 154QUESTIONS(WELL ANSWERED)| 13 PAGES What is insurance? Correct Answer:protection against financial loss what is a premium Correct Answer:a scheduled amount to be paid for an insurance policy. What are premiums used for Correct Answer:premiums are collected into a "pool" or "reserveto pay out claimants when needed. how can insurance companies afford to pay for an individuals catastrophic loss? Correct Answer:the insurer collects premiums from all p...

New York Adjuster Exam Questions and Answers Graded A+ (2024/2025) The insured has moved into a dwelling that was being build and was covered by the "Dwelling Under Construction" endorsement. How long does the insured have to report his / her occupancy to the insurance company? 30 days When a New York Homeowners policy is still in the 60-day underwriting period, the insurer may cancel it for any reason by providing a ______ notice. 30 day Personal property that is covered under the Person...