Georgia Adjuster
(2) guaranty associations - ANS-property and casualty
life and health
for 90 days
2 types of theft - ANS-limited theft and broad theft
2 ways- comprehensive or catastrophic insurance - ANS-from insurance companies
purchase through HMO, PPO, POS
3 classes of insurers - ANS-domestic (Georgia), Foreign (out of State), Alien (international)
3 residual markets in Georgia - ANS-Fair plan, Georgia AIP, Georgia Worker Comp.
3 types of authority - ANS-express, implied, apparent
3 types of liability coverage (aircraft) - ANS-bodily injuries excluding passengers, passenger
bodily injuries, property damage
300,000/400,000 * 200,000 = - ANS-150,000
4 elements of negligence - ANS-legal duty to act, failed to act, suffered actual loss, direct result
80% of 500,000 = - ANS-400,000
accident insurance - ANS-accident bodily injuries, covers ambulance, hospital cost, loss of
income, death benefits
Exclusion- self inflicted, influence-drugs, crime injuries, disease, bacterial infections
Actual Cash Value (ACV) - ANS-depreciation value
adhesion - ANS-take it or leave it
Admitted Aircraft Liability Coverage - ANS-A coverage sometimes written in conjunction with
Aircraft Passenger Liability which can provide reimbursement for death or dismemberment
without requiring legal action.
aircraft insurance liability coverage - ANS-ground or flight, not in motion
Airport Liability Coverage - ANS-who owns, operate, lease use space in Airports
, aleatory - ANS-if and when
annual transit policy - ANS-incoming and out going shipment (one year)
Aribitration - ANS-dispute outside courtroom
assumption of risk - ANS-knew about potential damages
auto policies to filed - ANS-45 days
automatic increase - ANS-4,6,8 %
Aviation Risk Pool - ANS-Insurance pool-small (less insurance) but risk is huge- ( cost
effect-accident) large sum of money paid out
bailee - ANS-property of someone else for special purpose
bailee's customer floater - ANS-protects the bailee from damages
basic- - ANS-fire, lightning, internal explosion, etc.
Black Lung Benefits Act - ANS-provides monthly payments and medical benefits to coal miners
totally disabled from pneumoconiosis (black lung disease) arising from employment in or around
the nation's coal mines.
block policies - ANS-very expensive items, business inventory
broad - ANS-basic + extended + broad
Business auto policies - ANS-BAP
busting units - ANS-staffed
capitation - ANS-pay up front for treatment
captive insurance company provide - ANS-for parent company
car rental daily - ANS-$20 day up to $600
Cargo liability - ANS-indemnifies compensate for loss or damage of baggage or cargo
Certificate of Authority (GA) - ANS-insurance laws, financially sound, claimants their due,
provide access and information renewal, final judgements 30 days
(2) guaranty associations - ANS-property and casualty
life and health
for 90 days
2 types of theft - ANS-limited theft and broad theft
2 ways- comprehensive or catastrophic insurance - ANS-from insurance companies
purchase through HMO, PPO, POS
3 classes of insurers - ANS-domestic (Georgia), Foreign (out of State), Alien (international)
3 residual markets in Georgia - ANS-Fair plan, Georgia AIP, Georgia Worker Comp.
3 types of authority - ANS-express, implied, apparent
3 types of liability coverage (aircraft) - ANS-bodily injuries excluding passengers, passenger
bodily injuries, property damage
300,000/400,000 * 200,000 = - ANS-150,000
4 elements of negligence - ANS-legal duty to act, failed to act, suffered actual loss, direct result
80% of 500,000 = - ANS-400,000
accident insurance - ANS-accident bodily injuries, covers ambulance, hospital cost, loss of
income, death benefits
Exclusion- self inflicted, influence-drugs, crime injuries, disease, bacterial infections
Actual Cash Value (ACV) - ANS-depreciation value
adhesion - ANS-take it or leave it
Admitted Aircraft Liability Coverage - ANS-A coverage sometimes written in conjunction with
Aircraft Passenger Liability which can provide reimbursement for death or dismemberment
without requiring legal action.
aircraft insurance liability coverage - ANS-ground or flight, not in motion
Airport Liability Coverage - ANS-who owns, operate, lease use space in Airports
, aleatory - ANS-if and when
annual transit policy - ANS-incoming and out going shipment (one year)
Aribitration - ANS-dispute outside courtroom
assumption of risk - ANS-knew about potential damages
auto policies to filed - ANS-45 days
automatic increase - ANS-4,6,8 %
Aviation Risk Pool - ANS-Insurance pool-small (less insurance) but risk is huge- ( cost
effect-accident) large sum of money paid out
bailee - ANS-property of someone else for special purpose
bailee's customer floater - ANS-protects the bailee from damages
basic- - ANS-fire, lightning, internal explosion, etc.
Black Lung Benefits Act - ANS-provides monthly payments and medical benefits to coal miners
totally disabled from pneumoconiosis (black lung disease) arising from employment in or around
the nation's coal mines.
block policies - ANS-very expensive items, business inventory
broad - ANS-basic + extended + broad
Business auto policies - ANS-BAP
busting units - ANS-staffed
capitation - ANS-pay up front for treatment
captive insurance company provide - ANS-for parent company
car rental daily - ANS-$20 day up to $600
Cargo liability - ANS-indemnifies compensate for loss or damage of baggage or cargo
Certificate of Authority (GA) - ANS-insurance laws, financially sound, claimants their due,
provide access and information renewal, final judgements 30 days
