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On January 27, 2008, Ryan was using an exercise bike purchased from NusquamCycle when the chain broke, causing him to fall and severely bruise his knee. It seemed to heal just fine, but three years later, on January 25, 2011, Ryan's knee gave out while jogging. His doctor told him that he'll need surgery and that this deterioration resulted from the earlier accident with the exercise bike. Which of the following CGL policies may cover Ryan's claim filed January 25, 2011? A. An occ...

Adjuster Pro: Indiana Adjuster's License – Practice Exam Questions and answers with 100% Complete solutions | verified &updated 2024| Graded A+

On January 27, 2008, Ryan was using an exercise bike purchased from NusquamCycle when the chain broke, causing him to fall and severely bruise his knee. It seemed to heal just fine, but three years later, on January 25, 2011, Ryan's knee gave out while jogging. His doctor told him that he'll need surgery and that this deterioration resulted from the earlier accident with the exercise bike. Which of the following CGL policies may cover Ryan's claim filed January 25, 2011? A. An occurrence pol...

Accumulated Depreciation The total decrease in an item's value over a period of time. Formula: (annual depreciation x number of years used). Subtract this number from the item's replacement cost to get its actual cash value (ACV).

Greg plays trombone in his school band during football games. During a rally song in the stands one day, Greg annoys one of the opposing team's fans, who grabs his $400 trombone and hurls it down the bleachers, completely destroying it. Greg's insurance pays him $400 to replace the trombone, but then the opposing team's coach also offers to replace the instrument, at whatever the cost. So Greg orders a new $3,200 trombone and has the opposing team's athletic department absorb the cost. Which...

Which of the following would Not affect the rating for comprehensive and collision coverage on a vehicle? The color of the vehicle. If an adjuster lives and is licensed in a state that reciprocates with Indiana, how much continued education do they need to complete? They must stay compliant in their home state to eligible for renewal in Indiana When switching employers, and therfore switching Healthcare providers. Which federal law ensures the you won't be denied coverage when he switches...

Named peril policy that only covered fire and lightning first used in 1918 in NY Line of Coverage A particular risk or group of risks covered by an insurance policy Monoline Policy an insurance policy that covers only one risk or type of risk Personal lines for possessions intended for personal use commercial lines for possessions intended for business or corporate use Homeowners Insurance bundles property and liability insurance into one 'package' policy Property coverage c...

ADJUSTER PRO: INDIANA ADJUSTER'S LICENSE - PRACTICE EXAM 2024 QUESTIONS WITH CORRECT ANSWERS ALREADY PASSED AND VERIFIED On January 27, 2008, Ryan was using an exercise bike purchased from NusquamCycle when the chain broke, causing him to fall and severely bruise his knee. It seemed to heal just fine, but three years later, on January 25, 2011, Ryan's knee gave out while jogging. His doctor told him that he'll need surgery and that this deterioration resulted from the earlier acci...

On January 27, 2008, Ryan was using an exercise bike purchased from NusquamCycle when the chain broke, causing him to fall and severely bruise his knee. It seemed to heal just fine, but three years later, on January 25, 2011, Ryan's knee gave out while jogging. His doctor told him that he'll need surgery and that this deterioration resulted from the earlier accident with the exercise bike. Which of the following CGL policies may cover Ryan's claim filed January 25, 2011? A. An occurrence pol...