Claims Adjuster (ClaimsAdjuster)

Florida Career College

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Glossary of Terms - Adjuster Pro Certification| 259 QUESTIONS| COMPLETE SOLUTION
  • Glossary of Terms - Adjuster Pro Certification| 259 QUESTIONS| COMPLETE SOLUTION

  • Exam (elaborations) • 20 pages • 2023
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  • Accumulated Depreciation Correct Answer: 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 Answer: 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 Answer: One of the characteristics of an insurance contract. Means that one party (the insurer) sets the terms,...
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Florida Public Adjuster State Test| 100 QUESTIONS| 100% CORRECT ANSWERS
  • Florida Public Adjuster State Test| 100 QUESTIONS| 100% CORRECT ANSWERS

  • Exam (elaborations) • 10 pages • 2023
  • Available in package deal
  • Florida No-Fault Tort Exemption Correct Answer: Those who comply with the law are granted limited immunity from suits of others through PIP coverage. 4 Exceptions to Tort Exemption(Threshold of No-Fault) Correct Answer: 1. Significant and Permanent loss of bodily function. 2.Permanent injury other than scarring and disfigurement. 3.Significant and Permanent scarring or disfigurement. 4.Death What does NFIP stand for? Correct Answer: National Flood Insurance Program Form SR-22 Correct Answer: Dri...
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