Exam (elaborations) All Lines Adjuster, question well elaborated 2023/2024 2 Exam (elaborations) Texas All Lines Adjuster Laws & Regulation Review Quiz, question well done 2023/2024. 3 Exam (elaborations) Texas All-Lines Adjuster Pre-Licensing, well elaborated 2023/2024. 4 Exam (elaborations) Texa...
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What is the failure to use that degree of care which n ordinary person of reasonable prudence would use under similar circumstances? – answer Negligence What is a situation involving a person other than an insured? – answer Third Party Loss What is the responsibility to another for one's ...
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Add to cartWhat is the failure to use that degree of care which n ordinary person of reasonable prudence would use under similar circumstances? – answer Negligence What is a situation involving a person other than an insured? – answer Third Party Loss What is the responsibility to another for one's ...
Law of Large Numbers - answers the more examples used to develop any statistic, the more reliable the statistic will be Underwriting - answers The process and insurance company uses to decide whether to except or reject an application for a policy insurance. underwriters evaluate the risk and exp...
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Add to cartLaw of Large Numbers - answers the more examples used to develop any statistic, the more reliable the statistic will be Underwriting - answers The process and insurance company uses to decide whether to except or reject an application for a policy insurance. underwriters evaluate the risk and exp...
Law of Large Numbers - answers the more examples used to develop any statistic, the more reliable the statistic will be Underwriting - answers The process and insurance company uses to decide whether to except or reject an application for a policy insurance. underwriters evaluate the risk and exp...
Preview 1 out of 4 pages
Add to cartLaw of Large Numbers - answers the more examples used to develop any statistic, the more reliable the statistic will be Underwriting - answers The process and insurance company uses to decide whether to except or reject an application for a policy insurance. underwriters evaluate the risk and exp...
If an automobile policy has split limits of 30/60/25. What is the maximum amount of liability coverage that would be paid in a covered loss where three people are involved. answers- $30,000 Which of the following statements best describes an inland marine policy? answers- Pertains to Cargo with n...
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Add to cartIf an automobile policy has split limits of 30/60/25. What is the maximum amount of liability coverage that would be paid in a covered loss where three people are involved. answers- $30,000 Which of the following statements best describes an inland marine policy? answers- Pertains to Cargo with n...
Accumulated Depresciation aanswers - 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) aanswers - An item's current market value right before being damaged or destroyed. Formula: (Replacement Cost-Accumu...
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Add to cartAccumulated Depresciation aanswers - 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) aanswers - An item's current market value right before being damaged or destroyed. Formula: (Replacement Cost-Accumu...
DP - valuation answers - DP-1 - ACV building & contents DP-2/3 - RCV building & ACV contents DP - limit for fair rental value answers - 20% of A DP - coverages (A-E) answers - A - dwelling B - other structures C - personal property D - fair rental value E - additional living expense DP...
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Add to cartDP - valuation answers - DP-1 - ACV building & contents DP-2/3 - RCV building & ACV contents DP - limit for fair rental value answers - 20% of A DP - coverages (A-E) answers - A - dwelling B - other structures C - personal property D - fair rental value E - additional living expense DP...
Insurance – answers financial took that protects individual and organizations from unforeseen and extraordinary financial losses by transferring risk to another party Insured – answers individual or organization that pays premiums in exchange for protection Insurer – answers company, gro...
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Add to cartInsurance – answers financial took that protects individual and organizations from unforeseen and extraordinary financial losses by transferring risk to another party Insured – answers individual or organization that pays premiums in exchange for protection Insurer – answers company, gro...
All of the following are exempted from the requirement of an adjuster's license examination except: A. those persons holding CPCU designation; B. those persons adjusting workers compensation claims; C. those persons who have received the Associate in Claims (AIC) designation; D. Those persons who h...
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Add to cartAll of the following are exempted from the requirement of an adjuster's license examination except: A. those persons holding CPCU designation; B. those persons adjusting workers compensation claims; C. those persons who have received the Associate in Claims (AIC) designation; D. Those persons who h...
The insured has filed a claim under the "Business Income Department Properties - Broad Form" because the primary buyer of products and services from the business has filed for bankruptcy under this form the primary buyers business would be known as - answers recipient location Recipient locatio...
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Add to cartThe insured has filed a claim under the "Business Income Department Properties - Broad Form" because the primary buyer of products and services from the business has filed for bankruptcy under this form the primary buyers business would be known as - answers recipient location Recipient locatio...
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