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Claims Adjuster Final Exam 2024 Questions Answered Correctly, Guaranteed Pass |A Grade Assured|

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Claims Adjuster Final Exam 2024 Questions Answered Correctly, Guaranteed Pass |A Grade Assured| An adjuster is a fiduciary agent with a responsibility of loyalty to the interest of ANS - The insured and insurer An insurer gives which of the following as Consideration for an insurance policy? ANS - A Promise The interest of the insured and all other persons in the property involved in a claim is found in ANS - 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 _______? ANS - 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? ANS - 5 days notice required

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