ALL LINES ADJUSTER EXAM | QUESTIONS AND ANSWERS | GRADED A

ALL LINES ADJUSTER EXAM | QUESTIONS AND ANSWERS | GRADED A+ | 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 bu...

CLAIMS ADJUSTER (FLORIDA) EXAM | QUESTIONS AND ANSWERS | GRADED A+ | Frank owned a home that was destroyed by a hurricane. Both TD Bank and Bank of America were listed as additional interests on his homeowner policy. The insurance company will make a payment to: A. The first mortgagee, TD...

CLAIMS ADJUSTER EXAM | QUESTIONS AND ANSWERS | GRADED A+ | Actual Cash Value (ACV) - Correct answer-Cost to replace property with new property of like kind and quality less depreciation. Combined Single Limit - Correct answer-One limit per occurrence is what we pay up to Split limit - Co...

TEXAS ALL LINES ADJUSTER EXAM | QUESTIONS AND ANSWERS | GRADED A+ | 2023- 2024 All of the following are criteria for an accident to have occurred "in the course of" the employment under a workers' compensation policy, EXCEPT: - ANSWER While performing a task that a fellow worker request...

CLAIMS ADJUSTER EXAM | QUESTIONS AND ANSWERS | GRADED A+ | Insurance - Correct answer--an economic device used to protect against extreme unforeseen loss - the transfer of risk from one party to another Premium - Correct answer--the fee paid by the insured in exchange for insurance Princi...

Texas All Lines Adjuster EXAM | QUESTIONS AND ANSWERS | GRADED A+ | Accumulated Depreciation - ANSWER The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Acreage Reporting Date - ANSWER The deadline for providing the insurer wi...

FLORIDA CLAIMS ADJUSTER EXAM, 6-20 EXAM | QUESTIONS AND ANSWERS | GRADED A+ | 1. Peril: Something that causes a loss. 2. Hazard: Something that increases the probability that a loss will occur. 3. Warranty: A policy condition, either based on information in the i nsureds appli-cation or inse...

FLORIDA 3-20 PUBLIC ADJUSTERS STATE (SET 1) EXAM | QUESTIONS AND ANSWERS | GRADED A+ | 1. The insurer and insured agree to a specific value of insured item: Agreed Value Policies 2. Someone who has care, custody or control of another's property: Bailee 3. Claim filed by policy holder against...

FLORIDA CLAIMS ADJUSTER EXAM | QUESTIONS AND ANSWERS | GRADED A+ | 1. Frank owned a home that was destroyed by a hurricane. Both ABC and XYZ Banks were listed as additional interests on his homeowner policy. The insurance company will make a payment to: A. The first mortgagee, ABC B. The ...