Adjuster Pro Oklahoma Practice Exam Questions And Answers
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Adjusterpro:
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Adjusterpro:
Adjuster Pro Oklahoma Practice Exam
Questions And Answers
Public adjuster A fiduciary agent of behalf of the claimant
Insured An individual or organization that pays premiums in exchange for financial
protection
Principle of indemnity Prevents an insured from making a profit
Policy recission...
Adjuster Pro Oklahoma Practice Exam
Questions And Answers
Public adjuster A fiduciary agent of behalf of the claimant
Insured An individual or organization that pays premiums in exchange for financial
protection
Principle of indemnity Prevents an insured from making a profit
Policy recission
Public adjuster Hired by the claimant and paid commission
Susan's business is not similar to her husbands Susan is a successful plastic surgeon and
wants to purchase liability insurance. Her husband, a teacher, is part of a risk retention group and
is quite happy with his insurance. Susan decides to apply to her husband's group, but her
application is denied. Why is this?
, Adjuster Pro Oklahoma Practice Exam
Questions And Answers
A loss Ninas home is located in a high crime neighborhood. One day, she comes home
from work to find that her garage door had been vandalized and must be replaced. Nina's insurer
pays her a $2,200 settlement for her claim. The insurer considers the settlement;
Conditions Edna loses some of her property in a hailstorm. When an adjuster comes to
investigate the loss, he gives an estimate that Edna thinks is far too low. As negotiations
continue, neither Edna nor the adjuster will budge. Where in Edna's policy would you find the
procedure to follow in this situation?
Adjuster/claimant negotiations Easiest and least costly negotiation method
The offered must have no more than one stipulation This does NOT make acceptance of
an offer to contract legally enforceable
Conditions Where would you find this statement in a policy? "The insured must make
reasonable effort to protect the covered property from further damages"
Wind Janes shed burns down in a tornado, when a tree falls on the roof and snaps a power
line, which then ignited the structure. What is the proximate cause of loss?
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