Adjuster license practice test with correct Answers.

The purpose of the principle of indemnity is - to prevent an insured from making a profit on a loss. Jerrod is awarded $4000 in a court case after Ollie accidentally starts a fire and burns down his detached garage. This award is an example of - special damages Which of the following best describes a Fraternal Benefit Society - A fraternal benefit society is a social organization based around common interests and beliefs. SureTrust Insurance was founded and operates in Texas. In Texas, SureTrust is considered: - a domestic insurer. Jackie files a lawsuit against Ginger after Ginger's three-year-old daughter ruins Jackie's laptop during a flight. When they go to court, Jackie is the - plaintiff A captive insurance company - exists solely to provide insurance for its parent company. Which of the following is NOT a qualification of an insurable risk - An insurable risk must have guaranteed protection from damage