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IAC Study Guide Exam Questions & Answers
IAC Study Guide Exam Questions & Answers 
 
 
Practice Test 1 - ANSWERS1 
 
1 An adjuster is a fiduciary agent with a responsibility of loyalty to the interest of _____. 
a. The insured 
b. The insurer 
c. The insured and insurer 
d. The law - ANSWERSThe insured and insurer 
 
2 An insurer gives which of the following as Consideration for an insurance policy? 
a. A Promise 
b. A Premium 
c. Value 
d. A Binder - ANSWERSA Promise 
 
3 The interest of the insured and all other persons in the proper...