ae21 Insurance Adjuster License Final EXAM
Questions & Answers | 100% Verified solutions
|Questions with Correct Answers 2025 latest
update!!
Save
Terms in this set (150)
An assertion of of an alleged legal right against a
A Claim in the property person, entity, company or insurer that carries with it a
industry is defined as demand for money as compensation for injuries or
damage.
What are you really, Peace of mind
buying when you
purchase insurance
Why is insurance such a It is a financial product, the purchase of a product
unique product based on trust.
What is an adjusters most To help those who have been injured, or who have
important objective in suffered a loss that is covered by the insurance
todays world of contract.
insurance?
Claims adjustor who is a salaried employee
company adjustor
representing only one company.
An independent claim representative who handles
Independent Adjuster
claims for insurers for a fee.
property adjuster
, Liability Adjuster
Multi-Line Adjusters Field Adjuster
That duty owed by an agent to act in the highest good
faith toward the principal and not to obtain any
Fiduciary Duty
advantage over the latter by the slightest
misrepresentation, concealment, duress or pressure.
Agency: Power to Bind
What is not a basic Inspection
adjusting function
Evaluation Establishing a dollar value for a claim
Paying what is owed, asking the claimant to ask you
No Release/Walk Away
questions.
Is an Adjusters claim file No
"confidential"?
Main components in the Inquiry, Verification, and Comparison
investigative process:
What is NOT one of the Written evidence of the agreement and its terms
four elements of a
contract
The failure, without legal excuse, of a promisor to
breach of contract perform the obligations of a contract. "Bad Faith"
verdict.
What is not a fundamental Endorsements
part of an insurance
policy?
Following a loss, what is Giving prompt notice of loss to the insurer
one one of the duties of
the insured?
Percentage Deductible percentage of the value of the insured property
Questions & Answers | 100% Verified solutions
|Questions with Correct Answers 2025 latest
update!!
Save
Terms in this set (150)
An assertion of of an alleged legal right against a
A Claim in the property person, entity, company or insurer that carries with it a
industry is defined as demand for money as compensation for injuries or
damage.
What are you really, Peace of mind
buying when you
purchase insurance
Why is insurance such a It is a financial product, the purchase of a product
unique product based on trust.
What is an adjusters most To help those who have been injured, or who have
important objective in suffered a loss that is covered by the insurance
todays world of contract.
insurance?
Claims adjustor who is a salaried employee
company adjustor
representing only one company.
An independent claim representative who handles
Independent Adjuster
claims for insurers for a fee.
property adjuster
, Liability Adjuster
Multi-Line Adjusters Field Adjuster
That duty owed by an agent to act in the highest good
faith toward the principal and not to obtain any
Fiduciary Duty
advantage over the latter by the slightest
misrepresentation, concealment, duress or pressure.
Agency: Power to Bind
What is not a basic Inspection
adjusting function
Evaluation Establishing a dollar value for a claim
Paying what is owed, asking the claimant to ask you
No Release/Walk Away
questions.
Is an Adjusters claim file No
"confidential"?
Main components in the Inquiry, Verification, and Comparison
investigative process:
What is NOT one of the Written evidence of the agreement and its terms
four elements of a
contract
The failure, without legal excuse, of a promisor to
breach of contract perform the obligations of a contract. "Bad Faith"
verdict.
What is not a fundamental Endorsements
part of an insurance
policy?
Following a loss, what is Giving prompt notice of loss to the insurer
one one of the duties of
the insured?
Percentage Deductible percentage of the value of the insured property
