Public adjuster stuvia Study guides, Class notes & Summaries

626.854 (5) - ANSWER-A public adjuster may not directly or indirectly through any other person or entity solicit an insured or claimant by any means except on Monday through Saturday of each week and only between the hours of 8 a.m. and 8 p.m. on those days. 626.854 (6) - ANSWER-An insured or claimant may cancel a public adjuster's contract to adjust a claim without penalty or obligation within 3 business days after the date on which the contract is executed or within 3 business days after t...

A 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 D. None of the above - ANSWER-A. Field Report States have adopted statutes regarding claims adjusting. To avoid unfair treatment to a claimant the adjuster must not: A. Prompt...

Public Adjuster License - ANSWERA solicitors/adjusters license is valid for two years and must be renewed every two years Public Adjuster Bond - ANSWER$10,000 bond is required for solicitors/adjusters Proof of Loss - ANSWERdocumentation of loss required of a policy owner by an insurance company; must usually be filed within 60 days after the request of the insured or according to policy provision, 60 days after the date of loss Loss to a Pair or Set - ANSWER(1) repair or replace any par...

If an insurance company is fined (max $1000) by commissioner, how many days do they have to pay or appeal the fine? - ANSWER-30 Days Subrogation occurs when? - ANSWER-The insurer steps into the position of the insured and may collect from the responsible party for damages What is the purpose of excess insurance? - ANSWER-To provide additional liability coverage above and beyond that which is provided by the primary policy How is the value of personal property determined when using ACV? ...

Public Adjuster - ANSWERPerson, partnership, that represents the public as an adjuster of claims Days to rescind a contract - ANSWER3 calendar days Public Adjuster minimum standards - ANSWERTitle must read Public Adjuster contract Name phone number address and business name of Adjuster Address of the insured and name Percentage of the payments received execution date and signatures right to cancel How can an adjuster collect his fee? - ANSWERa percentage of each check, no...

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? -...

Florida Public Adjuster (Set 4) Questions and Answers (100% Verified Answers)Florida Public Adjuster (Set 4) Questions and Answers (100% Verified Answers)Florida Public Adjuster (Set 4) Questions and Answers (100% Verified Answers)Florida Public Adjuster (Set 4) Questions and Answers (100% Verified Answers) The Florida Insurance Guaranty Association will pay claims of insolvent member companies up to a maximum of: - ANSWER-In excess of $100 up to $300,000 per claim . A common carrier is not ...

Florida Public Adjuster (Set 2) Questions and Answers (Graded A+)Florida Public Adjuster (Set 2) Questions and Answers (Graded A+)Florida Public Adjuster (Set 2) Questions and Answers (Graded A+)Florida Public Adjuster (Set 2) Questions and Answers (Graded A+)Florida Public Adjuster (Set 2) Questions and Answers (Graded A+) Personal Property under HO-3 is covered on a - ANSWER-Named Peril basis Personal Property under HO-5 is covered on - ANSWER-an open peril basis If a commercial buildin...

Public Adjuster - ANSWERPerson, partnership, that represents the public as an adjuster of claims Days to rescind a contract - ANSWER3 calendar days Public Adjuster minimum standards - ANSWERTitle must read Public Adjuster contract Name phone number address and business name of Adjuster Address of the insured and name Percentage of the payments received execution date and signatures right to cancel How can an adjuster collect his fee? - ANSWERa percentage of each check, no...

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? -...