Adjuster Pro - Florida study, continued
practice exam, continued continued
practice exam, practice exam, continued
continued continued practice exam
Questions and Correct Answers
- correct answers:Subtract the deductible from covered damages to get indemnification
- correct answers:6 unique characteristics of insurance policy
1 Contracts of adhesion (court ez win)
2 Utmost good faith
3 aleatory
4 personal
5 Unilateral (only insurer has obligation)
6 Conditional
- correct answers:1945 regulate insurance
Naic doesn't give benefits to comissioners
90 day to pay
hijacking only covered with endorsement - correct answers:
Franchise Deductible in marine insurance - correct answers:
standard deductible 500 - correct answers:
,Seaworthy cargo legal no deviation in voyage - correct answers:
insurer has 14 days to respond to claim - correct answers:
theft. by insider
not covered - correct answers:
paying ,% - correct answers:coinsurance
policy premiums - correct answers:not out of pocket
Estoppel - correct answers:protects the insured party from an insured who initially approves coverage
but then later denies coverage after the insured pays for repairs
contributory negligence - correct answers:if plaintiff is negligent den no settlement
insurance claim is - correct answers:a formal requestto settle the damage
Non-waiver agreement is used for - correct answers:when an independent adjuster is investigating a
claim in catastrophe situation
Public adjuster - correct answers:represents insured not insurer
law and ordinance - correct answers:(a.k.a. Code Upgrade Coverage): covers the repair or upgradecost
when new building codes, laws, or ordinances go into effect
tort - correct answers:any civil wrongdoing
,federal employee compensation actually 11 - correct answers:provides federal govt insurance for civillian
employees
what is coverage for cc fraud or forgery - correct answers:500$
FL sell auto insurance u need - correct answers:Florida auto joint underwriting assoy
FELA (Federal Employer's Liability Act) - correct answers:protects only trailroad workers
insured must advise insurance of broke sprinkler within 48 hours that is - correct answers:commercial
floater
block policy's are - correct answers:commercial floater
DICE - correct answers:1.declerations page
2.insuring agreement
3.conditions
4exlusiins
1 actual cash value replacement cost minus depreciation
2replacement cost
3stated amount
4Agreed value
1 actual cash value replacement cost minus depreciation
2replacement cost
3stated amount
4Agreed value
, 1 actual cash value replacement cost minus depreciation
2replacement cost
3stated amount
4Agreed value
1 actual cash value replacement cost minus depreciation
2replacement cost
3stated amount
4Agreed value
- correct answers:Valuation is
6 conditions of what can be insured - correct answers:1 adequate premiums
2 Definable
3 Unexpected
4 substantial losses
5 Exclusions
6 Law of large numbers
1 adequate premiums
2 Definable
3 Unexpected
4 substantial losses
5 Exclusions
6 Law of large numbers
1 adequate premiums
2 Definable
3 Unexpected
4 substantial losses
5 Exclusions
practice exam, continued continued
practice exam, practice exam, continued
continued continued practice exam
Questions and Correct Answers
- correct answers:Subtract the deductible from covered damages to get indemnification
- correct answers:6 unique characteristics of insurance policy
1 Contracts of adhesion (court ez win)
2 Utmost good faith
3 aleatory
4 personal
5 Unilateral (only insurer has obligation)
6 Conditional
- correct answers:1945 regulate insurance
Naic doesn't give benefits to comissioners
90 day to pay
hijacking only covered with endorsement - correct answers:
Franchise Deductible in marine insurance - correct answers:
standard deductible 500 - correct answers:
,Seaworthy cargo legal no deviation in voyage - correct answers:
insurer has 14 days to respond to claim - correct answers:
theft. by insider
not covered - correct answers:
paying ,% - correct answers:coinsurance
policy premiums - correct answers:not out of pocket
Estoppel - correct answers:protects the insured party from an insured who initially approves coverage
but then later denies coverage after the insured pays for repairs
contributory negligence - correct answers:if plaintiff is negligent den no settlement
insurance claim is - correct answers:a formal requestto settle the damage
Non-waiver agreement is used for - correct answers:when an independent adjuster is investigating a
claim in catastrophe situation
Public adjuster - correct answers:represents insured not insurer
law and ordinance - correct answers:(a.k.a. Code Upgrade Coverage): covers the repair or upgradecost
when new building codes, laws, or ordinances go into effect
tort - correct answers:any civil wrongdoing
,federal employee compensation actually 11 - correct answers:provides federal govt insurance for civillian
employees
what is coverage for cc fraud or forgery - correct answers:500$
FL sell auto insurance u need - correct answers:Florida auto joint underwriting assoy
FELA (Federal Employer's Liability Act) - correct answers:protects only trailroad workers
insured must advise insurance of broke sprinkler within 48 hours that is - correct answers:commercial
floater
block policy's are - correct answers:commercial floater
DICE - correct answers:1.declerations page
2.insuring agreement
3.conditions
4exlusiins
1 actual cash value replacement cost minus depreciation
2replacement cost
3stated amount
4Agreed value
1 actual cash value replacement cost minus depreciation
2replacement cost
3stated amount
4Agreed value
, 1 actual cash value replacement cost minus depreciation
2replacement cost
3stated amount
4Agreed value
1 actual cash value replacement cost minus depreciation
2replacement cost
3stated amount
4Agreed value
- correct answers:Valuation is
6 conditions of what can be insured - correct answers:1 adequate premiums
2 Definable
3 Unexpected
4 substantial losses
5 Exclusions
6 Law of large numbers
1 adequate premiums
2 Definable
3 Unexpected
4 substantial losses
5 Exclusions
6 Law of large numbers
1 adequate premiums
2 Definable
3 Unexpected
4 substantial losses
5 Exclusions
