adjuster

NY INDEPENDENT GENERAL ADJUSTER EXAM - SERIES 17-70 187 QUESTIONS AND ANSWERS Dram Shop Liability refers to: - answer Liquor Law Liability.

Adjuster exam 2023-145 Questions with Correct Solutions

Coverage F on HO-3 will pay medical expenses for - ANSWER; Anyone invited onto your property and injured while there not a resident "Medical Payments to Others" Negligence or a tort - ANSWER; A legal duty owed is proven and breach of legal duty owed is also present A common carrier is not liable for the loss of a shipper's goods when the loss results from - ANSWER; An act of God such as floods, hurricanes or negligence of the shipper (poor packaging) Inland marine insurance is common...

The amount the insured must pay in a loss before any payment is due is known as? - CORRECT ANS Deductible What is a partial legal defense that reduces the amount of damages that a person can recover based upon the amount that this person's own negligence contributed to the loss - CORRECT ANS Comparative Negligence What is a situation involving a person other than an insured? - CORRECT ANS Third Party Loss The part of the insurance policy that details the rights and duties of the insu...

FLORIDA CLAIMS ADJUSTER EXAM | QUESTIONS AND ANSWERS | GRADED A+ | 1. Frank owned a home that was destroyed by a hurricane. Both ABC and XYZ Banks were listed as additional interests on his homeowner policy. The insurance company will make a payment to: A. The first mortgagee, ABC B. The Insured C. Jointly to ABC and XYZ D. All listed interests: D. All listed interests Remember that the insurer is not responsible to know the degrees of interest. In the event of a loss, one paymen...

CLAIMS ADJUSTER EXAM | QUESTIONS AND ANSWERS | GRADED A+ | Insurance - Correct answer--an economic device used to protect against extreme unforeseen loss - the transfer of risk from one party to another Premium - Correct answer--the fee paid by the insured in exchange for insurance Principle of Indemnity - Correct answer--the insurer should be restored to where they were before the incident -no profit can be made Idemnification - Correct answer--to compensate for loss or damage; ...

ALL LINES ADJUSTER EXAM | QUESTIONS AND ANSWERS | GRADED A+ | The insured has filed a claim under the "Business Income Department Properties - Broad Form" because the primary buyer of products and services from the business has filed for bankruptcy under this form the primary buyers business would be known as - Correct answer-A recipient location recipient location - Correct answer-Businesses who support insured by being the primary buyer for their products HO-3 (special form...

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