Written by students who passed Immediately available after payment Read online or as PDF Wrong document? Swap it for free 4.6 TrustPilot
logo-home
logo
  • ADJUSTER PRO-INSURANCE ADJUSTER
  • ADJUSTER PRO-INSURANCE ADJUSTER
To add items to your wishlist, you must be logged in
Document preview thumbnail
Preview 3 out of 26 pages
Exam (elaborations)

ADJUSTER PRO-INSURANCE ADJUSTER TEST WITH QUESTIONS AND ANSWERS

0.0
(0 reviews)
- sold
26 pages
2023/2024 Written for academic year
Institution ADJUSTER PRO-INSURANCE ADJUSTER
Course ADJUSTER PRO-INSURANCE ADJUSTER
Document preview thumbnail
Preview 3 out of 26 pages

ADJUSTER PRO-INSURANCE ADJUSTER TEST WITH QUESTIONS AND ANSWERS ACTWhat is insurance? - CORRECT ANSWERS-protection against financial loss what is a premium - CORRECT ANSWERS-a scheduled amount to be paid for an insurance policy. What are premiums used for - CORRECT ANSWERS-premiums are collected into a "pool" or "reserve to pay out claimants when needed. how can insurance companies afford to pay for an individuals catastrophic loss? - CORRECT ANSWERS-the insurer collects premiums from all policy holders and uses them to pay out the claims of a few. what is Indemnity - CORRECT ANSWERS-payment for damages, that is not more or less than the amount caused by the damage. principle of idemnity - CORRECT ANSWERS-insurance will pay no more or less than the actual financial loss suffered indemnification may also include - CORRECT ANSWERS-repairs to property reimbursement for additional living expenses rental cars and hotels costs directly associated with a lossAUAL EXAM 100%

Content preview

ADJUSTER PRO-INSURANCE
ADJUSTER TEST WITH
QUESTIONS AND ANSWERS
ACTUAL EXAM 100%

,What is insurance? - CORRECT ANSWERS-protection against financial
loss
what is a premium - CORRECT ANSWERS-a scheduled amount to be
paid for an insurance policy.
What are premiums used for - CORRECT ANSWERS-premiums are
collected into a "pool" or "reserve to pay out claimants when needed.
how can insurance companies afford to pay for an individuals
catastrophic loss? - CORRECT ANSWERS-the insurer collects
premiums from all policy holders and uses them to pay out the claims
of a few.
what is Indemnity - CORRECT ANSWERS-payment for damages, that is
not more or less than the amount caused by the damage.
principle of idemnity - CORRECT ANSWERS-insurance will pay no more
or less than the actual financial loss suffered

, indemnification may also include - CORRECT ANSWERS-repairs to
property
reimbursement for additional living expenses
rental cars and hotels
costs directly associated with a lossA
4 Parts of Legal Contract - CORRECT ANSWERS-1. Agreement
2. Consideration
3. Competent Parties
4. Legal Purpose
legal contract - agreement - CORRECT ANSWERS-mutual intent by
offeror and offeree
six special characteristics of insurance contracts - CORRECT
ANSWERS-1. Personal
2. adhesion
3. utmost good faith
4. aleatory
5. unilateral
6. conditional
what kind of contract is an insurance policy? - CORRECT ANSWERS-
Personal contract

Document information

Uploaded on
December 17, 2023
Number of pages
26
Written in
2023/2024
Type
Exam (elaborations)
Contains
Questions & answers
Report Copyright Violation
$23.49
Wrong document? Swap it for free Within 14 days of purchase and before downloading, you can choose a different document. You can simply spend the amount again.
Written by students who passed
Immediately available after payment
Read online or as PDF
Seller avatar
Reputation scores are based on the amount of documents a seller has sold for a fee and the reviews they have received for those documents. There are three levels: Bronze, Silver and Gold. The better the reputation, the more your can rely on the quality of the sellers work.
BEST100
4.4
(18)
Sold
55
Followers
35
Items
1109
Last sold
1 month ago

Browse related subjects

Subjects

  • adjuster pro insurance adjuster test with questi
  • adjuster pro insurance adjuster test with
  • adjuster pro insurance adjuster test

Why students choose Stuvia

Created by fellow students, verified by reviews

Quality you can trust: written by students who passed their tests and reviewed by others who've used these notes.

Didn't get what you expected? Choose another document

No worries! You can instantly pick a different document that better fits what you're looking for.

Pay as you like, start learning right away

No subscription, no commitments. Pay the way you're used to via credit card and download your PDF document instantly.

Student with book image

“Bought, downloaded, and aced it. It really can be that simple.”

Alisha Student

Working on your references?

Create accurate citations in APA, MLA and Harvard with our free citation generator.

Learn more Create citation
Working on your references?

Frequently asked questions