Texas All Lines Adjuster QUESTIONS AND ANSWERS
Principle of indemnity - CORRECT ANSWERS restoration to previous Financial condition, no more, no less Four qualifications of a contract - CORRECT ANSWERS Agreement, consideration, competent parties, legal purpose Six special characteristics of an insurance contract - CORRECT ANSWERS personal, adhesion, utmost good faith, aleatory, unilateral, conditional Personal - CORRECT ANSWERS protects the policy holder from Financial loss. does not protect property from becoming damaged. coverage follows the person, not the property. Adhesion - CORRECT ANSWERS The issuer is responsible for the terms of the contract,the insured has no say in the wording. A court will favor the insured in the event of ambiguity.
Written for
- Institution
- All Lines Adjusting
- Course
- All Lines Adjusting
Document information
- Uploaded on
- January 30, 2023
- Number of pages
- 17
- Written in
- 2022/2023
- Type
- Exam (elaborations)
- Contains
- Questions & answers
Subjects
- texas
- all lines adjuster
-
texas all lines adjuster questions and answers
Also available in package deal