- Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about ? On this page you'll find 2 study documents about .
Exam (elaborations)
Claims Adjuster Final (Multiple Choice Questions) 2023 with 100% correct questions and answers
An adjuster is a fiduciary agent with a responsibility of loyalty to the interest of The insured and insurer An insurer gives which of the following as Consideration for an insurance policy? A Promise The interest of the insured and all other persons in the property involved in a claim is found in 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 _______? Liability Policy Your insu...
Arthurmark
Exam (elaborations)
Claims Adjuster exam 2023 with 100% correct questions and answers
PopularInsurance -an economic device used to protect against extreme unforeseen loss - the transfer of risk from one party to another Premium -the fee paid by the insured in exchange for insurance Principle of Indemnity -the insurer should be restored to where they were before the incident -no profit can be made Idemnification -to compensate for loss or damage; to provide security for financial reimbursement to an individual in case of a specified loss incurred by the person ...
Arthurmark