Adjuster Pro
Adjuster Pro
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Adjuster Pro - Florida Certified Adjuster Glossary (100% correct answers)
- Exam (elaborations) • 18 pages • 2024
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Accumulated Depreciation correct answers The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) 
 
Actual Cash Value (ACV) correct answers A valuation method used by insurers to reflect an item's current market value right before being damaged or destroyed. Formula: (Replacement cost - Accumulated Depreciation) 
 
Adhesion correct answers One of the characteristics of an insurance contract. Means that one party (the insurer) sets the ...
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Adjuster Pro - Insurance adjuster test (100% correct answers)
- Exam (elaborations) • 13 pages • 2024
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What is insurance? correct answers protection against financial loss 
 
what is a premium correct answers a scheduled amount to be paid for an insurance policy. 
 
What are premiums used for correct answers premiums are collected into a "pool" or "reserve to pay out claimants when needed. 
 
how can insurance companies afford to pay for an individuals catastrophic loss? correct answers the insurer collects premiums from all policy holders and uses them to pay out the claims of a few. 
 
what ...
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ADJUSTER PRO - INSURANCE ADJUSTER TEST(QUESTIONS AND REVIEWED ANSWERS)
- Exam (elaborations) • 14 pages • 2024
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ADJUSTER PRO - INSURANCE ADJUSTER TEST(QUESTIONS AND REVIEWED ANSWERS) What is insurance? - CORRECT ANSWER-protection against financial loss what is a premium - CORRECT ANSWER-a scheduled amount to be paid for an insurance policy. What are premiums used for - CORRECT ANSWER-premiums are collected into a
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ADJUSTER PRO - INSURANCE ADJUSTER TEST(QUESTIONS AND REVIEWED ANSWERS)
- Exam (elaborations) • 14 pages • 2024
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- $12.49
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ADJUSTER PRO - INSURANCE ADJUSTER TEST(QUESTIONS AND REVIEWED ANSWERS) What is insurance? - CORRECT ANSWER-protection against financial loss what is a premium - CORRECT ANSWER-a scheduled amount to be paid for an insurance policy. What are premiums used for - CORRECT ANSWER-premiums are collected into a
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ADJUSTER PRO - INSURANCE ADJUSTER TEST(QUESTIONS AND REVIEWED ANSWERS)
- Exam (elaborations) • 14 pages • 2024
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- $12.99
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ADJUSTER PRO - INSURANCE ADJUSTER TEST(QUESTIONS AND REVIEWED ANSWERS) What is insurance? - CORRECT ANSWER-protection against financial loss what is a premium - CORRECT ANSWER-a scheduled amount to be paid for an insurance policy. What are premiums used for - CORRECT ANSWER-premiums are collected into a
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Adjuster Pro - Insurance adjuster test latest 2023 already passed
- Exam (elaborations) • 31 pages • 2023
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- $13.59
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What is insurance? protection against financial loss 
what is a premium a scheduled amount to be paid for an insurance policy. 
What are premiums used for premiums are collected into a "pool" or "reserve to pay out 
claimants when needed. 
how can insurance companies afford to pay for an individuals catastrophic loss? the insurer 
collects premiums from all policy holders and uses them to pay out the claims of a few. 
what is Indemnity payment for damages, that is not more or less than the am...
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Adjuster Pro - Insurance adjuster test latest 2023 already passed
- Exam (elaborations) • 31 pages • 2023
-
- $13.49
- + learn more
What is insurance? protection against financial loss 
what is a premium a scheduled amount to be paid for an insurance policy. 
What are premiums used for premiums are collected into a "pool" or "reserve to pay out 
claimants when needed. 
how can insurance companies afford to pay for an individuals catastrophic loss? the insurer 
collects premiums from all policy holders and uses them to pay out the claims of a few. 
what is Indemnity payment for damages, that is not more or less than the am...
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Adjuster Questions and Answers with Verified Solutions
- Exam (elaborations) • 9 pages • 2023
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Which of the following is NOT one of the duties of the Department of Financial Services? 
a. License adjusters 
b. Set rates and write policies for various company products 
c. Supervise the claims activity of adjusters 
d. Investigate charges of unethical conduct of adjusters B. Set rates and write policies for 
various company products 
The adjuster has a particular relationship to his principal, the insurer. Which of the following 
best describes this relationship? 
a. It is a fiduciary relat...
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Adjuster Pro - Insurance adjuster test. Correct Answers Latest 2023/2024 100% VERIFIED
- Exam (elaborations) • 13 pages • 2023
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- $9.49
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What is insurance? - correct answer protection against financial loss 
 
what is a premium - correct answer a scheduled amount to be paid for an insurance 
policy.	 
 
What are premiums used for - correct answer premiums are collected into a "pool" or 
"reserve to pay out claimants when needed.	 
 
how can insurance companies afford to pay for an individuals catastrophic loss? - correct answer the insurer collects premiums from all policy holders and uses them to pay out the claims of...
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