Independent adjusters - Study guides, Class notes & Summaries

Accumulated Depreciation - ANSWERSThe total decrease in an item's value over a period of time. Formula:(Annual Depreciation x Number ofyears used) 1-J Acreage Reporting Date - ANSWERSThe deadline for providing the insurer with an acreage report, which is used to determine the amount of coverage needed and the premium charged for a particular crop. 3-E Actual Cash Value (ACV) - ANSWERSA valuation method used by insurers to reflect an item's current market value right before being damaged or...

Catastrophe Fire Independent Adjuster Estimatics Test Version B Answer Key|| QUESTIONS & ANSWERS 2024 ( A+ GRADED 100% VERIFIED)

Estimatics Test Version B – Answer Key 1. The formula for determining the area of a trapezoid is: A. ½ Base x Height B. [(Base1 + Base2) ÷ 2] x Height C. Base x Height D.
² 2. The formula for determining the area of a triangle is: A. ½ Base x Height B. [(Base1 + Base2) ÷ 2] x Height C. Base x Height D.
² 3. The formula for determining the area of a circle is: A. ½ Base x height B. [(Base1 + Base2) ÷ 2] x Height C. Base x Height D. ² 4. “On-center” is a term t...

State Farm Fire Independent Adjuster Certification Study Questions With Correct And Updated Answers

Dram Shop Liability refers to: Answer - Liquor Law Liability. The insured has suffered a covered loss under his DP-3 dwelling form. He fails to protect the property from further loss. The additional loss that occurs as a result of his inactions may be denied because of what clause in the policy? Answer - Neglect. To be eligible for the New York assigned risk auto plan a person must: Answer - Hold a valid driver's license. Any insurance adjuster whose license has been revoked for cau...

Dram Shop Liability refers to: Answer - Liquor Law Liability. The insured has suffered a covered loss under his DP-3 dwelling form. He fails to protect the property from further loss. The additional loss that occurs as a result of his inactions may be denied because of what clause in the policy? Answer - Neglect. To be eligible for the New York assigned risk auto plan a person must: Answer - Hold a valid driver's license. Any insurance adjuster whose license has been revoked for cau...

NY Independent Adjuster Exam Questions And Answers With Latest Quiz NY Independent Adjuster Exam Questions And Answers With Latest Quiz

New York Independent Adjuster General Test Verified Questions And Answers Rated A+ New York Independent Adjuster General Test Verified Questions And Answers Rated A+

"You" and "your" means what in terms of the definitions for State farm coverage. - ACCURATE ANSWERS The "named insured" "insured" means what in terms of the definitions for State farm coverage. - ACCURATE ANSWERS You and, if residents of your household: a. your relatives; and b. any other person under the age of 21 who is in the care of a person described above. "insured location" means what in terms of the definitions for State farm coverage. - ACCURATE ANSWERS a. the residen...

Which of the following is covered by a dread disease policy?Answer - illnesses that do not occur frequently but incur significant costs when they do occur Which of the following professionals would purchase Directors and Officers (D &O) insurance to manage the liability risk associated with their activities?Answer - chief executive officer For the commercial general liability coverages of bodily injury, property damage and medical payments, which of the following limits of insurance appl...

Which of the following is covered by a dread disease policy?Answer - illnesses that do not occur frequently but incur significant costs when they do occur Which of the following professionals would purchase Directors and Officers (D &O) insurance to manage the liability risk associated with their activities?Answer - chief executive officer For the commercial general liability coverages of bodily injury, property damage and medical payments, which of the following limits of insurance appl...