Exam
A claim in the property/casualty industry Is defined as: correct answers an
assertion
an allegedoflegal right against a person, entity, company or insurer that
carries with
demand it a
for money as compensation for injuries or
damages
when you purchase insurance, you are buying: correct answers peace of
mind that
insured if andoes occur, that the insurance company will keep its promise
event
and financial
the provide protection that you
purchased
in today's society, the most important factor in the purchase of insurance
is: correct
answers
trust
One of the most important claim handling goals of an insurance company
is: correct
answers to help those who have been injured or who have suffered loss for
which the
insured is responsible, while at the same time minimizing loss for the
insured party and
carrie
r
what is the primary difference between a company employee
adjuster and an
independent adjuster correct answers a company employee adjuster
works for an
insurance company and an independent adjuster works independently for
themselves
for adjustingorfirms who represent many
clients
an adjuster's responsibility as a fiduciary means: correct answers
the adjusterand controls, the property and financial interests of the
represents,
client toowes
he/she whom a high degree of loyalty and
good faith
the basic and primary functions of an adjuster are: correct answers
investigating,
evaluating, reporting, negotiating and disposing
of claims
once an adjuster is licensed, he or she must maintain a continuing
education
requirement. What is that adjuster's compliance requirement in order to
retain aanswers
correct license? an adjuster must complete 24 hours of continuing
education
year in every
compliance 2
period, of which 5 hours must be taken in a properly
certified
law 5 hourupdate
and ethics
course
the adjuster's code of ethics starts with a basic premise which states:
correct
the workanswers
of adjusting engages the
public trust