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Certified Claims Adjuster- Florida Exam Questions And Answers
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Certified Claims Adjuster- Florida ExamQuestions And Answers
Repair, replacement and recovery of injured lives and damaged
property falls to? - - - correct answer ✅Insurance Adjusters, CAT
Troopers, Field Investigators, Property Appraisers and Front Line
Supervisors
Insurance Transaction includes: - - - correct answer ✅-Solicitation
of insurance
-Negotiations;
-Binding, underwriting and sale of insurance;
-Handling or "adjusting" of claims
The Role of Insurance is: - - - correct answer ✅- Essential Product
-Financial Product
- Purchase of a Promise
-Purchase based on TRUST
The different types of insurance are: - - - correct answer ✅-Health
-Life
-Property
-Casualty
,Certified Claims Adjuster- Florida Exam
Questions And Answers
When you buy insurance, you are buying: - - - correct answer
✅Peace of Mind
Insurance is a Purchase based on: - - - correct answer ✅Trust
The most important factor in the purchase of insurance is: - - -
correct answer ✅Trust
An assertion of an alleged legal right against a person, entity,
company or insurer that carries with it a demand for relief is: - - -
correct answer ✅Claim
Is the same as a request, demand, a letter requesting action, a bill
submitted for payment: - - - correct answer ✅Assertion
Means that the claim may or may not be valid or legitimate, or that
there may not be any legal right for belief: - - - correct answer
✅Alleged
Relief: - - - correct answer ✅Compensation or payment. Can also
mean:
-restitution
, Certified Claims Adjuster- Florida Exam
Questions And Answers
-return
-recovery
-replacement
Takes form in property or money
Third Party Claim: - - - correct answer ✅A claim made by a third
party against an "insured" person or entity
First Party Claim: - - - correct answer ✅A claim made by a policy
holder against his/her own insurance company for recovery under
the policy (contract) for which a premium has been paid
Carrier's Claim Handling Goal #1: - - - correct answer ✅To help
those who have been injured or who have suffered loss for which
the insured is responsible or which is covered by the insurance
contract
Carrier's Claim Handling Goal #2: - - - correct answer ✅To minimize
loss for the insured party and the carrier. To fairly evaluate the
legitimacy and legality of a claim and its value and resolve
satisfactory
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