verified answers
2 Types of Tort Liability Ans✓✓✓ 1.Negligent Liability(Unintentional)
2.Strict Liability(Intentional)
3 Basic Claims Handling activities? Ans✓✓✓ 1. Investigate
2.Evaluate
3.Negotiate
3 Types of Adjusters Ans✓✓✓ 1.Staff Adjusters
2.Fee Adjusters
A.Independent Adjusters
B.Bureau Adjusters
3.Public Adjusters
4 Elements of a Valid Contract? Ans✓✓✓ 1.A manifestation of assent to its terms
by parties who make the contract.
2.A sufficient consideration (value or payment) for each promise.
3.Legal Capacity of the parties to contract.
4.Legal Subject matter.
4 Elements of an Insurance Contract Ans✓✓✓ D.I.C.E.
1.Declarations
,2.the Insuring Agreement
3.Exclusions
4.Conditions
4 Examples of "Other Structures" Per Coverage B of a Homeowner's policy(book
gives 5) Ans✓✓✓ 1.Detached Garage.
2.Guest House.
3.Fence
4.Tennis Court
5.Storage Building
4 Exceptions to Tort Exemption(Threshold of No-Fault) Ans✓✓✓ 1. Significant
and Permanent loss of bodily function.
2.Permanent injury other than scarring and disfigurement.
3.Significant and Permanent scarring or disfigurement.
4.Death
4 Subsections of Section I of a Property Coverage Policy Ans✓✓✓ 1. Coverages
2.Perils Insured Against
3.Exclusions
4.Conditions
5 Practices that the Insured are protected from under the "Florida Unfair
Insurance Trade Practices Act." Ans✓✓✓ 1.failing to act promptly
2.denying claims without reasonable investigation
, 3.failure to affirm or deny a claim when an insured is entitled thereto
4.failure to explain claim denials in writing
5.failure to maintain complaint-handling procedures, such as keeping accurate
records of complaints.
5 Questions to establish the contract coverage Ans✓✓✓ 1.Did a covered Peril
Occur?
2.When?
3.Were there more than one?
4.Which one was the proximate cause?
5.Was there a mix of covered and uncovered losses?
5 Technical Expertise for a successful negotiation Ans✓✓✓ 1.The Insurance
Contract
2.Reparable from replacement requiring damages.
3.Law
4.Insurer's goals
5.Computer Estimating Systems being utilized by the insurance industry.
5 Ways to appraise damages Ans✓✓✓ 1.Survey and Estimate of Determination
2.Acceptance of Cost or Quality shown by records.
3.Actual repair or replacement
4.Sale of Salvage
5.Appraisal(after 2 parties have failed to agree).