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Texas All Lines Adjuster Test Latest Updated.
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Texas All Lines Adjuster Test Latest Updated.
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Texas All Lines Adjuster Test Latest UpdatedAccumulated gDepreciation g- gANS-The gtotal gdecrease gin gan gitem's gvalue gover ga
gperiod gof gtime. gFormula: g(Annual gDepreciation gx gNumber gof gyears gused)
Acreage gReporting gDate g- gANS-The gdeadline gfor gproviding gthe ginsurer gwith gan
gacreage greport, gwhich gis gused gto gdetermine gthe gamount gof gcoverage gneeded gand
gthe gpremium gcharged gfor ga gparticular gcrop.
Actual gCash gValue g(ACV) g- gANS-A gvaluation gmethod gused gby ginsurers gto greflect
gan gitem's gcurrent gmarket gvalue gright gbefore gbeing gdamaged gor gdestroyed.
gFormula: g(Replacement gcost g- gAccumulated gDepreciation)
Actual gProduction gHistory g- gANS-A ghistory gof ga gfarmer's gcrop gyields gover ga gmulti-
year gperiod, gwhich gis gused gto gdetermine gthe gnormal gproduction glevel gof ga gfarm.
Adhesion g- gANS-Characteristic gof gan ginsurance gcontract. gMeans gthat gone gparty
g(the ginsurer) gsets gthe gterms, gand gthe gother g(the gpolicyholder) gcan g"take git gor
gleave git."
Adjusted gGross gRevenue g(Crop gInsurance) g- gANS-Narrowest g(and gleast
gexpensive) gform gof gCrop gRevenue gInsurance. gInsures gfarm grevenue gas ga gwhole
ginstead gof gindividual gcrops. gGuarantees ga gpercentage gof gthe ginsured gfarm's
gaverage grevenue.
Adjuster g- gANS-An gagent gwho, gfor gcompensation, gprocesses ginsurance gclaims.
gCan grepresent geither gthe ginsured gor gthe ginsurer.
Adjuster g- gEmergency g- gANS-Adjusters gwho gare gtemporarily glicensed gby gthe
ginsurance gcommissioner gto ghandle gclaims gduring gcatastrophes gor gemergencies
gthat gproduce gan goverwhelming gnumber gof gclaims gin ga gshort gperiod gof gtime.
Adjuster g- gIndependent g- gANS-Self-employed gadjusters gwho gcontract gwith gmultiple
ginsurers gat gthe gsame gtime. gPaid gon ga gcommission gor gfee-plus-expenses gbasis gfor
geach gclaim. gAlso gcalled: gFee gAdjuster, gBureau gAdjuster
Adjuster g- gPublic g- gANS-An gadjuster gwho gis ghired gto grepresent gthe gclaimant gand
ghelp gdetermine ga gfair gindemnification. gUsually gspecializes gin gappraisals gand
gnegotiation. gPaid gcommission, gusually ga gpercentage gof gfinal gsettlement.
,Adjuster g- gStaff g- gANS-Salaried gemployee gof gone ginsurance gcompany gwho gcan
gwork glocally, gregionally, gor gnationally. gAlso gcalled: gCompany gAdjuster
Advance gPayment gSettlement g- gANS-A gsettlement goption gthat glets gthe ginsurer
goffer gsome gfinancial grelief gto gthe gclaimant gbefore gthe gclaim ghas gbeen gfully
gsettled. gThe ginsurer gmakes gadvance gpayments gto gthe gclaimant, gwhich gare gthen
gsubtracted gfrom gthe gfinal gsettlement gamount. gOften gused gwhen ga gclaimant gsuffers
gbodily ginjury gand gis gunable gto gwork.
Agency gAuthority g- gANS-The gAgent's gauthority gto gact gon gbehalf gof gsomeone gelse,
gusually gan ginsurer. gThis gauthority gis gderived gfrom gthe gagent's gcontract gwith gthe
ginsurer.
Agency gAuthority g- gexpress g- gANS-Authority gthat gis gexpressly ggiven gto gthe gagent
gin gwriting. gAllows gagent gto gact gon gbehalf gof gthe gprincipal.
Agency gAuthority g- gimplied g- gANS-Authority gthat gan gagent gpossesses gby
gimplication gof gher gbehavior, gregardless gof gwhether gthis gauthority gis ggranted gin
gwriting.
Agency gAuthority g- gapparent g- gANS-Authority gthat gan gagent gpossesses gbased gon
gthe gappearance gof grepresenting gthe ginsurer.
Agent g- gANS-Someone gwho ghas greceived gauthority gfrom gan ginsurer gto gsell gor
gservice ginsurance gpolicies.
Aggregate gLimit g- gANS-A gtype gof gpolicy glimit gfound gin gsome ghealth, gliability, gand
gproperty gdamage gpolicies. gIt grepresents gthe gtotal gamount gthe ginsurer gwill gpay gfor
gall glosses g(as gopposed gto gan goccurrence glimit, gwhich gdenotes gthe gtotal gamount
gthe ginsurer gwill gpay gper goccurrence).
Agreement g- gANS-One gof gthe gfour grequirements gof ga glegally gbinding gcontract. gAll
gparties ginvolved gmust gagree gto gthe gterms gof gthe gcontract. gCan galso grefer gto ga
gbinder, gwhich gis gthe gpreliminary gsubstance gof ga gcontract.
Agricultural gProducer g- gANS-A gbusiness gthat ggrows, gharvests, gand gsells gcrops gfor
gprofit.
Aleatory g- gANS-A gcharacteristic gof gan ginsurance gcontract. gMeans g"depending gon
gan gunknown gfuture gevent." gAn ginsurance gcontract gwill gonly gpay gIF gand gWHEN
gcovered gdamages goccur. gNeither gparty gknows ghow gmuch gthe gcontract gwill gend
gup gpaying gwhen gthey genter ginto gthe gcontract.
Answer g- gANS-In gliability gcases, gthe gdefendant's gresponse gto ga gcomplaint. gThere
gare gthree gpossible ganswers: g1) gaccept gcomplaint gand gpay gfor gdamages, g2) gdeny
, gthe gcomplaint, gor g3) gaccept gthe gcomplaint gwith ga gright gto ginsert gevidence ginto
gthe gcase.
Annual gDepreciation g- gANS-An gitem's gReplacement gcost gdivided gby gthe gnumber gof
gyears gin gits gexpected glifespan.
Appraisal g- gANS-A gnegotiation gmethod gwhich gallows gthe gclaimant gand gthe ginsurer
geach gto gselect gan gappraiser. gThe gtwo gappraisers gin gturn gselect gan gUmpire. gThe
gappraisers gthen gwork gtogether gto gdetermine ga gsettlement gamount. gIf gthey gcannot
gagree, gthe gUmpire gsteps gin. gAgreement gby gany gtwo gof gthe gthree gis gbinding.
Arbitration g- gANS-A gnegotiation gmethod gin gwhich gthe gopposing gparties geach
gsubmit gtheir gevidence gto ga gmutually-agreed-upon gand gneutral gthird gparty, gcalled
gan garbitrator. gThe garbitrator greviews gthe gpositions gof geach gopposing gside, gand
gmakes ga gfinal gand glegally gbinding gdecision.
Arbitrator g- gANS-The gmutually-agreed-upon gand gneutral gthird gparty gin gan
garbitration gwho greviews gthe gpositions gof geach gopposing gside, gand gmakes ga gfinal
gand glegally gbinding gdecision.
Artificially gGenerated gCurrent g- gANS-Also gcalled g"artificial gcurrent." gA gperil gcovered
gin gsome gproperty ginsurance gpolicies. gIt gincludes gsudden gand gaccidental gdamage
gfrom gany gelectrical gcurrent, gexcept gcurrents gthat gare gnaturally ggenerated, gsuch gas
glightning gor gstatic gelectricity.
Auto gPolicy g- gANS-Insurance gpolicy gdesigned gto gprotect gthe gpolicyholder gwhile
gowning, goccupying, gor goperating ga gvehicle. gUsually gcombines gliability gcoverage
gand gproperty gcoverage ginto gone gpolicy.
Automobile g- gANS-In gInsurance gpolicies, gAutomobile ggenerally gmeans gany gvehicle
gdesigned gfor guse gon gpublic groads.
Automobile gNo-Fault gLaws g- gANS-Laws gin geffect gin gsome gstates gthat grequire gany
gowner gof ga gvehicle gto gpurchase gno-fault ginsurance; gthat gis, ginsurance gthat
gindemnifies gthe ginsured gregardless gof gwho gwas gat gfault gin gan gaccident. gNo-fault
glaws galso grestrict gthe ginsured's gright gto gsue gthe gat-fault gparty.
Aviation g- gANS-Aviation ginsurance gcombines ghull ginsurance gfor gthe gaircraft gand
gliability ginsurance gfor gany gdamage gto gothers' gproperty gor gto gpeople gwho gare gnot
gpassengers.
Bailee g- gANS-An gindividual gor gcompany gthat greceives gthe gproperty gof gsomeone
gelse gfor ga gspecial gpurpose, gand greturns gthe gproduct gafter guse.
BAP g- gANS-The gBusiness gAuto gPolicy gprovides gproperty gdamage gand gliability
ginsurance gfor gautomobiles gused gby ga gbusiness.
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