Indemnification Study guides, Class notes & Summaries
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![NASCLA Business, Law and Project Management (Basic) - Practice Test 2 Questions With Complete Solutions](/docpics/3371365/64f633a05db17_3371365_121_171.jpeg)
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NASCLA Business, Law and Project Management (Basic) - Practice Test 2 Questions With Complete Solutions
- Exam (elaborations) • 17 pages • 2023
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The _____ method recognizes income when the employer has done the work but has not received the income. 
 
A. Accrual 
B. Appreciation 
C. Depreciation 
D. Cash correct answer: A. Accrual 
 
13-7 
 
A _____ bundles all cost factors for entire task. 
 
A. Lump sum 
B. Cost plus 
C. Percent completion method 
D. Unit price method correct answer: D. Unit price method 
 
6-7 
 
_____ requires paying prevailing wages in federally-financed projects. 
 
A. Service Contract Act 
B. Walsh-Healey Act 
C...
![CA LIFE INSURANCE EXAM QUESTIONS AND ANSWERS LATEST](/docpics/4206880/65a12361a0796_4206880_121_171.jpeg)
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CA LIFE INSURANCE EXAM QUESTIONS AND ANSWERS LATEST
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CA LIFE INSURANCE EXAM QUESTIONS 
AND ANSWERS LATEST 
J has a life policy with the Guaranteed Insurability rider. J has just celebrated their 42nd 
birthday and realizes that she wants to use her rider and buy more death benefit. Which 
of the following will apply to J's request? 
A: The insurer will allow J to add more insurance without proving insurability. 
B: The insurer will allow J to add more insurance pending a paramedical exam. 
C: The insurer will deny J's request to add more insura...
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Adjuster Pro Texas with Complete Questions and Answers 100% Verified
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Adjuster Pro Texas with Complete Questions and Answers 100% VerifiedAdjuster Pro Texas with Complete Questions and Answers 100% VerifiedAdjuster Pro Texas with Complete Questions and Answers 100% VerifiedAdjuster Pro Texas with Complete Questions and Answers 100% Verified 
All of the following pieces of information can be found in the conditions section of an insurance policy EXCEPT: - ANSWER-Causes of loss that are not covered 
 
Which of the following best defines the principle of indemnity? -...
![Alabama AdjusterPro Exam for P&C with WC and Crop (2023)](/docpics/6401d6c00d7ea_2431647.jpg)
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Alabama AdjusterPro Exam for P&C with WC and Crop (2023)
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Alabama AdjusterPro Exam for P&C with WC and Crop (2023) 
 
 
 Alabama AdjusterPro Exam for P&C with WC and Crop (2023) 
1: Incorrect	Indemnification may include all of the following except: 
		reimbursement for hotel costs. 
		 
		reimbursement for rental car costs. 
		 
	Answer Given	payment for repairs to property. 
		 
Actual 
Answer		payment for pain and suffering. 
		 
2: Correct	What is a reserve, in insurance terms? 
		The amount of revenue that the insurer sets aside to pay employee s...
![Life Insurance Exam Questions with correct Answers](/docpics/2764901/646586e5f0120_2764901_121_171.jpeg)
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Life Insurance Exam Questions with correct Answers
- Exam (elaborations) • 38 pages • 2023
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Life Insurance Exam Questions with correct Answers 
J has a life policy with the Guaranteed Insurability rider. J has just celebrated their 42nd birthday and realizes that she wants to use her rider and buy more death benefit. Which of the following will apply to J's request? 
. 
 
An insured has a policy with a Waiver of Premium rider. The insured has suffered an illness that will prevent them for working for two years. When will their premiums be waived? 
 
The clause that defines and describ...
![Adjuster Pro - Insurance adjuster test latest 2023 already passed](/docpics/63eb4ce81cedc_2369548.jpg)
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Adjuster Pro - Insurance adjuster test latest 2023 already passed
- Exam (elaborations) • 31 pages • 2023
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Adjuster Pro - Insurance adjuster test latest 2023 already passed 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 Ind...
![Louisiana Property and Casualty Insurance Exam Correct 100%](/docpics/3441418/6504416e0266e_3441418_121_171.jpeg)
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Louisiana Property and Casualty Insurance Exam Correct 100%
- Exam (elaborations) • 33 pages • 2023
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Driver A has a personal auto policy with Part C: UM/UIM limits of 100/300. He is injured by Driver B who has Part A: Bodily Injury Liability limits of 50/100. It is determined that Driver B is at fault for the accident. Driver A has $125,000 in medical expenses. How much will his Part C: UM/UIM coverage pay? 
 
a) $125,000 
b) $75,000 
c) $50,000 
d) $25,000 - ANSWERSc) $50,000 
 
Underinsured motorist coverage acts as excess over the at-fault motorist's coverage. It will pay the differe...
![ADJUSTER PRO EXAM WITH REVISED ANSWERS (2023)](/docpics/6410eb1d8b144_2472735.jpg)
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ADJUSTER PRO EXAM WITH REVISED ANSWERS (2023)
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ADJUSTER PRO EXAM WITH REVISED 
ANSWERS (2023) 
Stu has a collection of rare comic books. He wants to purchase theft insurance for his 
collection, separate from his home and other property. What term most accurately 
describes the type of policy Stu would purchase? - CORRECT ANSWER-Monoline 
Policy 
Which of the following statements does NOT apply to the Standard Fire Policy? - 
CORRECT ANSWER-It automatically covers wind and vandalism. 
Which of the following refers to being restored to the ...
![ADJUSTERPRO FINAL EXAM 2024 LATEST QUESTIONS AND VERIFIED ANSWERS BY EXPERT 100% GUARANTEED PASS](/docpics/5143465/662ff1052c039_5143465_121_171.jpeg)
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ADJUSTERPRO FINAL EXAM 2024 LATEST QUESTIONS AND VERIFIED ANSWERS BY EXPERT 100% GUARANTEED PASS
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ADJUSTERPRO FINAL EXAM 2024 LATEST QUESTIONS AND VERIFIED ANSWERS BY EXPERT 100% GUARANTEED PASS 
 
-+What is a reserve, in insurance terms? 
A pool of collected premiums that the insurer sets aside to pay claims 
Which of these scenarios is NOT an example of indemnification? 
When trying to renew her dog's license, Ellen has to pay a penalty to the city for letting its rabies vaccination lapse. 
Ellen having to pay a fine is not an example of indemnification. Indemnification means being restor...
![Adjuster Pro - Insurance Adjuster Test: insurance Adjuster Test Study Guide: Questions & Answers: Updated Solution](/docpics/2750312/6461f9fd12afb_2750312_121_171.jpeg)
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Adjuster Pro - Insurance Adjuster Test: insurance Adjuster Test Study Guide: Questions & Answers: Updated Solution
- Exam (elaborations) • 22 pages • 2023
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What is insurance? 
 (Ans- protection against financial loss 
 
what is a premium 
 (Ans- a scheduled amount to be paid for an insurance policy. 
 
What are premiums used for 
 (Ans- 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? 
(Ans- the insurer collects premiums from all policy holders and uses them to pay out the claims of a few. 
 
what is Indemnity 
 (Ans- payment for...
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