Claims Adjuster Final (Multiple Choice Questions) With Answers Verified By Experts

An adjuster is a fiduciary agent with a responsibility of loyalty to the interest of - ANSWER-The insured and insurer An insurer gives which of the following as Consideration for an insurance policy? - ANSWER-A Promise The interest of the insured and all other persons in the property involved in a claim is found in - ANSWER-A Proof of Loss An insured rear-ends another driver's vehicle. The auto policy that pays damages to repair the damaged vehicle is a _______? - ANSWER-Liability Policy Your insurance company wrote an auto insurance binder for an owner who said that he did not have any prior accidents. Immediately thereafter it was discovered that he did not tell the truth. The company now wants to cancel the binder as quickly as possible. What is true? - ANSWER-5 days notice required For insurance to pay damages, an insurable interest must exist: - ANSWER-When the loss takes place Texting while driving is best described as a: - ANSWER-Hazard