Georgia claims adjuster Guías de estudio, Notas de estudios & Resúmenes

The deductible - ANSWER-The dollar amount that the insured pays before the insurer is required to pay the remainder of the loss is known as? Replacement cost - ANSWER-Which loss settlement provides new for old? the claims adjuster's role in the insurance industry includes - ANSWER-Give appropriate legal advice and write binding contracts following are examples of a peril - ANSWER-Lighting, Explosion and Fire The abandonment clause - ANSWER-The clause that prohibits the insured from ...

In GA, _____insurance cannot be written by a reciprocal type insurer. - life No insurer or licensee doing business in Georgia may pay any commissions or valuable consideration to any person fo r services as an agent, subagent, or adjuster unless that person is duly licensed under the - Code Mediation is not _____ on the parties involved, but with arbitration the decision is final and _____. - Binding Standard and Poor's, A.M. Best and Moody's are examples of: - Independent Rating Services What...

GEORGIA CLAIMS ADJUSTER LICENSING EXAM 2024 / GA CLAIMS ADJUSTER EXAM 130 QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES What coverage does Community Eligibility apply to? - Answer️️ -Flood insurance through FEMA What's the difference between Emergency Program and Regular Program in the National Flood Insurance Program? - Answer️️ -Emergency applies to homes in communities that are a normally not a flood hazard. Regular programs are awarded to an entire community that i...

The act of leaving a dangerous article such as a gun or car with a person who the lender knows, or should know, is likely to use it in an unreasonably risky manner is known as Select one: A. Negligent entrustment. B. Contributory negligence. C. Negligent supervision. D. The dangerous instrumentality doctrine. - answers-A. Negligent entrustment. There was a large unmarked sinkhole on Charlotte's property, a short distance from a public road. One evening, a police officer chased a mugger ...

The successful adjuster/negotiator should understand that communication includes all of the following EXCEPT? Select one: A. Verbal and non-verbal messages B. Questioning C. Listening D. Decision-making - Decision-making Which of the following is not a duty of the claims adjuster? Select one: A. Investigating B. Evaluating C. Negotiating D. Counseling - Counseling The adjuster's duty to the insurer is best described as? Select one: A. Friendly B. Factual C. Fun D. Fiduciary - ...

Elias's store is covered by a property insurance policy that provides named perils coverage. When Elias enters the store on Monday morning, he discovers that much of the merchandise was The building and personal property used in Greg's business are covered by an open perils property insurance policy, but he is concerned that the policy excludes coverage for the flood and earthquake losses. What might Greg be able to purchase to obtain flood and earthquake coverage? - ANSWER difference-in-condi...

Peril Something that causes a loss. Hazard Something that increases the probability that a loss will occur. Warranty A policy condition, either based on information in the insureds application or inserted by the insurer. It is a guarantee of a fact. Misrepresentation An untrue statement by the insured, made in an application for insurance but which does not become a part of the policy. Concealment The failure of the insured to reveal relevant facts known to the insured in applying for i...

Vlastos v. Sumitomo Marine & Fire Insurance Company - breach of warranty Facts: Vlastos obtained fire insurance from the D. The policy stated in part: "Warranted that the 3rd floor is occupied as Janitor's residence." After the building was destroyed by fire, D refused to pay the claim citing breach of warranty because a massage parlor was also on the third floor with the janitor. 3 people were killed. Holding: AMBIGUITY: a reasonable person could have understood Vlastos to have warranted...

In GA, _____insurance cannot be written by a reciprocal type insurer. - life No insurer or licensee doing business in Georgia may pay any commissions or valuable consideration to any person for services as an agent, subagent, or adjuster unless that person is duly licensed under the - Code Mediation is not _____ on the parties involved, but with arbitration the decision is final and _____. - Binding Standard and Poor's, A.M. Best and Moody's are examples of: - Independent Rating Service...