Public adjuster complete Study guides, Class notes & Summaries

ADJUSTER PRO - INSURANCE ADJUSTER TEST(QUESTIONS AND REVIEWED ANSWERS) 2023-2024 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 p...

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...

Florida 6-20 All Lines Adjuster Test 2023 with Complete Questions and Answers 100% CorrectFlorida 6-20 All Lines Adjuster Test 2023 with Complete Questions and Answers 100% CorrectA public adjuster represents the interest of: A. The insurer B. The Insured C. The employer D. The interest of the general public - ANSWER-B. The insured Which of the following is the type of report that indicates the initial results of a claim investigation? A. Field Report B. Interim Report C. Full Report ...

Pennsylvania Public Adjuster Examination--Series 16-19 Set 1 Complete Questions And Answers 2023 A claim has occurred and the statute of limitation is about to expire. The law requires that first party claimants be given a _____ day notice and third party claimants must be given a _____ day notice. A first party claimant must be given a 30 day notice and a third party claimant must be given a 60 day notice of the expiration of the statute of limitations. The standard deductible for each cove...

Florida 6-20 All Lines Adjuster Test| 276 questions| 50 Pages| With Complete Solutions Florida 6-20 All Lines Adjuster Test| 276 questions| 50 Pages| With Complete Solutions A public adjuster represents the interest of: A. The insurer B. The Insured C. The employer D. The interest of the general public - Correct Answer -B. The insured Which of the following is the type of report that indicates the initial results of a claim investigation? A. Field Report B. Interim Report C. Full Re...

Program Trigger for terrorist acts must cause a collective damage in excess of? - ANSWER • $100,000,000 TF A public adjuster may own no more than 50% in a salvage or similar business? - ANSWER • F General Average - ANSWER • Loss shared by all parties Particular Average - ANSWER • Only one party shares in the loss. In a home owner policy there is no deductible for - ANSWER • Liability Coverage In BOP covered property is listed and described in what part of the contract? -...

FL Adjusters License Practice Exams 2023 Which of the following is NOT one of the four critical elements of a contract? (A) A mutual understanding and agreement with the terms of the contract. (B) Written evidence of the agreement and its terms. (C)A legal purpose. (D)Consideration, consisting of money or a promise of performance. Correct Answer: (B) Written evidence of the agreement and its terms. Assume that five years ago a couple insured their home for [its then appraise...

Florida Public Adjuster State Test Complete Study Questions And Answers Florida Public Adjuster State Test Complete Study Questions And Answers

Accumulated Depreciation - 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) - 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 - ANSWER-One of the characteristics of an insurance contract. Means that one party (the insurer) sets the terms, and the other ...

Florida 3-20 Public Adjuster Exam Outlines Complete Questions And Answers Florida 3-20 Public Adjuster Exam Outlines Complete Questions And Answers