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Adjuster Licensing Exam Questions & ANSWERS 2024/2025 $10.99   Add to cart

Exam (elaborations)

Adjuster Licensing Exam Questions & ANSWERS 2024/2025

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  • Course
  • Adjuster license
  • Institution
  • Adjuster License

Adjuster Licensing Exam Questions & ANSWERS 2024/4025 Adjuster Licensing Exam Questions & ANSWERS 2024/4025 Adjuster Licensing Exam Questions & ANSWERS 2024/4025 Adjuster Licensing Exam Questions & ANSWERS 2024/4025

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  • March 20, 2024
  • 26
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers
  • Adjuster license
  • Adjuster license
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DoctorKen
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Adjuster Licensing Exam Questions &

ANSWERS 2024/4025



The amount the insured must pay in a loss before any payment is due is

known as?

(ANSW Deducti

ER- ble



What is a partial legal defense that reduces the amount of damages that a

person can recover based upon the amount that this person's own

negligence contributed to the loss

(ANSWER-Comparative

Negligence

, 2

What is a situation involving a person other than an insured?

(ANSWERThird Party

- Loss



The part of the insurance policy that details the rights and duties of the

insured and the insurance company in the policy?

(ANSWConditio

ER- ns



An event that results in an insured loss and damages?

(ANSW-

ER Occurren

ce



What is the value of your property, based on the current cost to replace it

minus depreciation?

(ANSWE- Actual Cash

R Value

, 3

Mary has a Homeowner's policy. Her Coverage A limit of liability is

$250,000 and her Coverage B limit of liability is $125,000. Her policy has a

2% deductible. What is her deductible?

(ANSW $5,0

ER- 00



What is the type of negotiation that is also sometimes called positional or

hard-bargaining negotiation?

(ANSW Distribut

ER- ive



What is the responsibility to another for one's negligence?

(ANSWLiabil

ER- ity
What is the failure to use that degree of care which an

ordinary person of reasonable prudence would use under similar

circumstances?

(ANSWNegligen

ER- ce

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