Alabama adjuster exam pt 2 Exam Questions and Answers (verified answers) 739 Questions RATED A+

Alabama adjuster exam pt 2 Exam Questions and Answers
(verified answers) 739 Questions 2024/2025 RATED
A+Alabama adjuster exam pt 2 Exam Questions and
Answers (verified answers) 739 Questions 2024/2025 RATED
A+Alabama adjuster exam pt 2 Exam Questions and
Answers (verified answers) 739 Questions 2024/2025 RATED
A+
Define: Claimant - CORRECT ANSWERS A person or entity that requests indemnification
for losses under the terms of an insurance policy


Define: Adjuster - CORRECT ANSWERS Person who investigates, evaluates, and
negotiates claims arising under insurance contracts


Define: Adjusting - CORRECT ANSWERS The process of comparing a claimant's losses
to the promises made in an insurance policy


Define: Staff adjuster - CORRECT ANSWERS Salaried employee of an adjuster


Define: Independent adjuster - CORRECT ANSWERS Self-employed, contracts with
insurers or bureaus, paid by schedule, or time + expense


Define: Public adjuster - CORRECT ANSWERS Hired by the insured, usually paid
commission


Define: Emergency adjuster - CORRECT ANSWERS Temporarily licensed to service the
many claims arising from catastrophes


After Jerry pulled the fire alarm, the indoor sprinkler system came on and flooded the offices at
Elliot Designs, causing thousands of dollars in damage. Elliot Designs filed a claim with KLM
Insurance, who dispatched Chrystal to investigate and process the claim. Who is the claimant in
this scenario?


A. KLM Insurance

,Alabama adjuster exam pt 2 Exam Questions and Answers
(verified answers) 739 Questions 2024/2025 RATED
A+Alabama adjuster exam pt 2 Exam Questions and
Answers (verified answers) 739 Questions 2024/2025 RATED
A+Alabama adjuster exam pt 2 Exam Questions and
Answers (verified answers) 739 Questions 2024/2025 RATED
A+
B. Jerry
C. Chrystal
D. Elliot Designs - CORRECT ANSWERS D. Elliot Designs


After a storm demolished Greg's house, his insurance company sent an adjuster out to adjust his
claim. After investigating Greg's claim, the adjuster offered him a settlement which Greg felt was
too low. Not knowing much about property insurance, Greg wans a second opinion to make sure
he is receiving what he deserves. Who might Greg hire to help him with negotiating a fair
settlement?


A. An independent adjuster
B. An insurance adjuster
C. A staff adjuster
D. A public adjuster - CORRECT ANSWERS D. A public adjuster


A severe storm rages through Oklahoma City, with tornados causing multiple square miles worth
of damage. All the licensed adjusters in the area are already occupied or deployed to the scene.
Who can the insurance commissioner look to for temporary help resolving the rest of the claims
from this storm?


A. Staff adjusters
B. Emergency adjusters
C. Independent adjusters
D. Public adjusters - CORRECT ANSWERS B. Emergency adjusters

,Alabama adjuster exam pt 2 Exam Questions and Answers
(verified answers) 739 Questions 2024/2025 RATED
A+Alabama adjuster exam pt 2 Exam Questions and
Answers (verified answers) 739 Questions 2024/2025 RATED
A+Alabama adjuster exam pt 2 Exam Questions and
Answers (verified answers) 739 Questions 2024/2025 RATED
A+
What is the title of the insurance professional who processes claims for compensation?


A. Insurance adjuster
B. Insurance salesman
C. Insurance broker
D. Insurance agent - CORRECT ANSWERS A. Insurance adjuster


Jane is a salaried employee of XYZ Insurance. Working out of a regional office, Jane is sent to
deal with some of the most difficult claims in her area. What kind of adjuster is Jane?


A. Emergency adjuster
B. Public adjuster
C. Staff adjuster
D. Independent adjuster - CORRECT ANSWERS C. Staff adjuster


What kind of adjuster represents the insured rather than the insurer?


A. Public adjuster
B. Emergency adjuster
C. Independent adjuster
D. Staff adjuster - CORRECT ANSWERS A. Public adjuster

, Alabama adjuster exam pt 2 Exam Questions and Answers
(verified answers) 739 Questions 2024/2025 RATED
A+Alabama adjuster exam pt 2 Exam Questions and
Answers (verified answers) 739 Questions 2024/2025 RATED
A+Alabama adjuster exam pt 2 Exam Questions and
Answers (verified answers) 739 Questions 2024/2025 RATED
A+
What do you call a self-employed adjuster who works as a contractor for insurers or claims-
handling companies?


A. Public adjuster
B. Emergency adjuster
C. Independent adjuster
D. Staff adjuster - CORRECT ANSWERS C. Independent adjuster


Define: Fiduciary agent - CORRECT ANSWERS The adjuster acts on behalf of principal
and must protect the principal's interests


Define: The power to bind - CORRECT ANSWERS The principal may have to honor the
adjuster's decisions, even when made in error


Define: Report to the principal - CORRECT ANSWERS The adjuster must give the
principal detailed information on how each claim is going


What are the 3 types of adjuster reports? - CORRECT ANSWERS Preliminary
Interim
Final


What is included in a preliminary report? - CORRECT ANSWERS Initial investigation
results, timeline of claim, initial claim reserve