Adjuster Pro Texas 2024 (100% Accurate answers)

All of the following pieces of information can be found in the conditions section of an insurance policy EXCEPT: correct answers Causes of loss that are not covered Which of the following best defines the principle of indemnity? correct answers After a loss, the insured should be restored to his approximate financial condition before the loss SureTrust Insurance was founded and operates in Texas. In Texas, Suretrust is considered correct answers a domestic insurer What is a reserve, in insurance terms? correct answers A pool of collected premiums that the insurer sets aside to pay claims Which of the following would you find in the Conditions section of an insurance policy? correct answers The insured's duty after a loss Which of the following is found in the declarations page of an insurance policy? correct answers The name of the insured party Which of the following refers to being restored to the financial condition you were in before a loss? correct answers Indemnification Dr. Nelson routinely schedules her patients for lab tests that they dont need so she can charge their insurers for more money. Dr. Nelson is: correct answers committing health insurance fraud Six Starts Development Company has just purchased several large properties in Las Vegas. As a result of this large purchase, they are a little short on money and decide to save money by not purchasing insurance on their new properties. Six Stars is practicing: correct answers Risk retention Which of the following people committed soft fraud? correct answers Rafael accidentally slipped on a wet floor at the supermarket. Although his only injury was a sprained ankle, he claimed he had back and neck pain when he sued the supermarket in an effort to get more money in the settlement. When a car stops short in front of Mike's car, he manages to hit the brakes in time and avoids a collision. To Mike's surprise, the other driver then throws the car into reverse and backs into Mike's car! The other drivers actions are an example of: correct answers Hard fraud When Louise goes online and fills out phony applications with XYZ Auto Insurance in order to print the temporary insurance cards and sell them for a profit on the black market, she is: correct answers Committing hard fraud