Adjusters license Exam Questions and Answers 2024

Adjusters license Exam Questions and Answers 2024 An adjuster shall exercise _____ care when dealing with elderly clients -Answer- Extraordinary The cost of mediation is paid -Answer-Equally by both parties The settlement of a claim arising out of a contract of insurance is also known as - Answer-Transacting insurance An authorized insurer means one duty authorized by a -Answer-Certificate of authority Solicitation negotiation and effectuation of a contract of insurance are best described as -Answer-Transacting insurance The maximum amount of insurance the insurance company will pay for a particular loss is best defined as -Answer-Limits of liability Which health insurance policy provides for payment of emergency treatment even if the treated party does not go to a service provider on the approved list -Answer-PPO Mechanical breakdown insurance payment is for the -Answer-Usual and fair charge for liked kind and quality parts and labor The definition of accident in a business auto policy includes the terms -Answer- Continuous and repeated exposure Aviation insurance is a highly _____ field -Answer-Specialized In ocean marine insurance the term average means -Answer-Loss or damage The deductible for a personal article floater is -Answer-0 A health policy that only provides benefits for a single illness is known as -Answer- Dread disease policy Adjusters shall not give ______ advice -Answer-Legal Which of the following may be the party required to reimburse the surety in the event of no performance -Answer-Indemnitor An adjuster is a _______ agent -Answer-Fiduciary An insurer gives which of the following consideration for a poilcy -Answer-Promise A property adjuster receives notice of a homeowners claim on March 1 2015 that the claim is covered, denied, or being investigated must be provided within _____ days - Answer-30 Which of the following is not found on the declaration page -Answer-Conditions Loss payable clause refers to -Answer-Lender interest in personal property An insured has 2 cars with stacked UM coverage in the amount of 50/100 the most any one individual may recover from this policy is -Answer-100,000 The insured is injured in an auto accident on the job. Available benefits include PIP, liability health insurance and workers comp. Which pays first -Answer-Workers comp What will increase percentage of medical bills paid by PIP -Answer-Extended policy The PIP death benefit in 2016 is -Answer-5,000 The insured was in an accident and was injured. Her medical bills totaled 5,000 she had basic PIP coverage with a 1,000 deductible. How much will PIP pay -Answer-3,200 A FL insured had PIP coverage. If the insured was hit by a bus while walking downtown Orlando on vacation what is true -Answer-PIP will pay 80% of medical and 60% of lost wages Policy limits apply only to -Answer-Damages The PIP tort exemption is tied to the -Answer-Vehicle Part D physical damage coverage pays for -Answer-Repairs to the insureds vehicle