adjuster

MAINE PROPERTY &CASUALTY ADJUSTER EXAM PREP QUESTIONS WITH COMPLETE SOLUTIONS 2024 What is the interest rate for claims not paid and over 30 days? 1 ½ % per month A CEO is piloting a rented aircraft and injures someone. What kind of coverage is this covered under? Non-owned aircraft coverage How are wages computed for workers compensation? 2/3 of average after take weekly wages A company sells costume jewelry ranging in price from $1.00 to $5.00 and has had $10,000.00 in jewelry sto...

LOUISIANA P&C ADJUSTER EXAM PREP LATEST 2024 QUESTIONS WITH COMPLETE SOLUTIONS The one who receives the authority to act on behalf of someone else? Agent what does a sale's agent receive authority for? to sell An insurance agent receives authority to what? Settle claims brought against the insurer How do agents receive their authority? written contract What is the power to bind? an agent's authority can bind: -what an agent says or does can bind insurer -agents should take the ...

KENTUCKY ADJUSTER EXAM PREP EXAM QUESTIONS WITH COMPLETE VERIFIED ANSWERS LATEST UPDATES Insurance Transfers risk of financial losses from one party to another Insured Individual or organization that pays premiums in exchange for protection Insurer Company, group, or government agency offering financial protection Insurance policy A legally binding contract in which the insurer agrees to take on specified risks in exchange for the insured's premium. Principle of indemnity Restoration ...

CALIFORNIA ADJUSTER EXAM PREP 2024 QUESTIONS WITH COMPLETE ANSWERS VERIFIED BY EXPERTS GRADED A++ The process where by a mutual insurer becomes a stock company is called Demutualization The process whereby a stock company a mutual insurer is called Mutualization The provision in a property policy which states that the insured has been paid up to their insurable interest is Valuation clause The part of the policy that states the amount of coverage the insured property policy period is D...

ADJUSTER EXAM STUDY PREP LATEST EXAM QUESTIONS WITH COMPLETE SOLUTIONS ANSWERED CORRECTLY 100% GUARANTEED PASSED When mary leaves her stove on by accident, she starts a fire that destroys her kitchen and leaves smmoke damage throughout her home. While the fire department puts the fire out, the influx of water causes extensive damage as well. On top of all that, Mary is forced to board her three dogs at a kennel for several weeks while her house is under repair. The kennel charge would be co...

ADJUSTER EXAM STUDY PREP LATEST EXAM QUESTIONS WITH COMPLETE SOLUTIONS ANSWERED CORRECTLY 100% GUARANTEED PASSED When mary leaves her stove on by accident, she starts a fire that destroys her kitchen and leaves smmoke damage throughout her home. While the fire department puts the fire out, the influx of water causes extensive damage as well. On top of all that, Mary is forced to board her three dogs at a kennel for several weeks while her house is under repair. The kennel charge would be co...

Adjuster Pro – Florida Certified Adjuster Glossary/ 260 Questions with Answers Provided

Adjuster Exam 2: Questions With Correct Solutions

What coverage does Community Eligibility apply to? Correct Answer: Flood insurance through FEMA What's the difference between Emergency Program and Regular Program in the National Flood Insurance Program? Correct Answer: Emergency applies to homes in communities that are a normally not a flood hazard. Regular programs are awarded to an entire community that is eligible due to flood hazard. What is the flood coverage on a regular program in a 1-4 Family Dwelling? Correct Answer: $250,00...

Consequential also known as Indirect Loss Correct Answer: An insured's business is damaged because of a fire and he is forced to close business temporarily for repairs. As a result the insured lost income. What type of loss is this? Combined Single Correct Answer: The insured crashes into a porch and the person sitting on the porch. The person on the porch is injured. The insured's insurance policy has a limit set at $500,000. This amount applies to the total of damages for any bodily inj...