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CLAIMS ADJUSTER QUESTIONS WITH CORRECT ANSWERS 100% CORRECT QUESTIONS AND ANSWERS FOR CLAIMS ADJUSTER CLAIMS ADJUSTER FINAL PRACTICE QUESTIONS AND ANSWERS CLAIMS ADJUSTER STUDY EXAM REVIEWS 6-20 CLAIMS ADJUSTER COMPLETE PRACTICE QUESTIONS AND ANSWERS

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CLAIMS ADJUSTER QUESTIONS WITH CORRECT ANSWERS

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CLAIMS ADJUSTER QUESTIONS WITH CORRECT ANSWERS 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 Principle of Indemn...

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100% CORRECT QUESTIONS AND ANSWERS FOR CLAIMS ADJUSTER

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100% CORRECT QUESTIONS AND ANSWERS FOR CLAIMS ADJUSTER 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 - CORRECT...

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CLAIMS ADJUSTER FINAL PRACTICE QUESTIONS AND ANSWERS

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CLAIMS ADJUSTER FINAL PRACTICE QUESTIONS AND ANSWERS An adjuster is a fiduciary agent with a responsibility of loyalty to the interest of - CORRECT ANSWER-The insured and insurer An insurer gives which of the following as Consideration for an insurance policy? - CORRECT ANSWER-A Promise The...

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CLAIMS ADJUSTER STUDY EXAM REVIEWS

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CLAIMS ADJUSTER STUDY EXAM REVIEWS Liability Insurance PAP (Part A) - CORRECT ANSWER-Pays all the sums and insured must legally pay as damage due to BI/PD caused by an accident and resulting from the ownership, maintenance or use of a covered auto. Coverage Part A through F of a PAP - CORR...

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6-20 CLAIMS ADJUSTER COMPLETE PRACTICE QUESTIONS AND ANSWERS

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6-20 CLAIMS ADJUSTER COMPLETE PRACTICE QUESTIONS AND ANSWERS The following are basic characteristics of a property or liability insurance contract, EXCEPT: A. Personal Contract B. Conditional Contract C. Loss Settlement Contract D. Contract of Adhesion - CORRECT ANSWER-C. Loss Settlemen...

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