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Exam (elaborations)
Adjuster Pro - Insurance adjuster UPDATED Exam Questions And Correct Answers
Preview 3 out of 19 pages
What is insurance?protection against financial loss what is a premiuma scheduled amount to be paid for an insurance policy. What are premiums used forpremiums 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?the insurer collects premiums from all policy holders and uses them to pay out the claims of a few. what is Indemnitypayment for damages, that is not more or less than the amount caused by the damage.
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