RHODE ISLAND ADJUSTER UPDATED Exam Questions and CORRECT Answers
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Course
RHODE ISLAND ADJUSTER
Institution
RHODE ISLAND ADJUSTER
RHODE ISLAND ADJUSTER UPDATED
Exam Questions and CORRECT Answers
HOW MANY DAYS DOES THE INSURER HAVE TO SEND OUT FORMS WHEN
NOTIFIED OF AN INCIDENT? - Correct Answer- 10 DAYS
AT WHAT TIME IS THE POLICY EFFECTIVE? - Correct Answer- 12:01 AM
WHAT IS THE MAIN DIFFERENCE BETWEEN A NON-WAIVER AGR...
RHODE ISLAND ADJUSTER UPDATED
Exam Questions and CORRECT Answers
HOW MANY DAYS DOES THE INSURER HAVE TO SEND OUT FORMS WHEN
NOTIFIED OF AN INCIDENT? - Correct Answer- 10 DAYS
AT WHAT TIME IS THE POLICY EFFECTIVE? - Correct Answer- 12:01 AM
WHAT IS THE MAIN DIFFERENCE BETWEEN A NON-WAIVER AGREEMENT AND A
ROR? - Correct Answer- -NON-WAIVER IS SIGNED BY THE INSURED AND INSURER
-ROR IS A LETTER
IF AN INSURED IS COVERED BY 2 POLICIES ON ONE LOSS AND THE INS.
COMPANIES SETTLE IT, WHAT CLAUSE WOULD THIS BE UNDER? - Correct
Answer- OTHER INSURANCE CLAUSE
WHEN AN INSURED REQUESTS STATUS UPDATE, HOW MANY DAYS DOES THE
ADJ HAVE TO NOTIFY THEM IN WRITING THAT STILL INVEST.? - Correct Answer-
10 DAYS
IF AN INSURED HAS A PAP & THEIR VEHICLE IS DAMAGED IN A HURRICANE
WHAT KIND OF CLAIM WOULD BE OPENED? - Correct Answer- WINDSTORM AND
FLOOD/OTHER THAN COLLISION
HOW MANY DAYS AFTER FIRST INITIATING A CLAIM DO YOU HAVE TO
REQUEST AN EXTENSION TO COMPLETE THE INVESTIGATION? - Correct Answer-
15 DAYS
IS AN ADJUSTER SUBJECT TO PUBLIC CENSURE AS A FINE? - Correct Answer- NO
ARE THE CONDITIONS INCLUDED IN THE DECLARATIONS SECTION OF THE
PAP? - Correct Answer- NO
, WOULD FENCES BE CONSIDERED APPURTENANT UNDER THE HOMEOWNERS
POLICY? - Correct Answer- YES
UNDER PAP, WOULD YOU HAVE COVERAGE FOR ROAD DAMAGE TO TIRES DUE
TO THEFT? - Correct Answer- YES
FOR $25 TO $200 WOULD AN INSURER REIMBURSE YOU FOR A TEMP.
SUBSTITUTE? - Correct Answer- NO
IN RI, IF A VEHICLE IS INSURED BY 2 INSURERS, HOW DO THEY ALLOT
PAYMENTS FOR THE DAMAGES? - Correct Answer- PROPORTIONATE TO EACH
POLICIE'S LIMITS
WHAT ACT WOULD BE CONSIDERED ILLEGAL UNDER THE UNFAIR CLAIMS
PRACTICE ACT? - Correct Answer- PAYMENT BEFORE THOROUGH INVESTIGATION
IF DAMAGES ARE CAUSED UNDER LIABILITY COVERAGE, WHO HAS THE
BURDEN OF PROOF FOR THE LOSS? - Correct Answer- THE CLAIMANT- PERSON
ASSERTING THE CLAIM
AN INSURED HAS THE RIGHT TO SUBROGATE FOR DAMAGES FROM WHOM? -
Correct Answer- THE RESPONSIBLE PARTY
TRUE OR FALSE
AN UNENDORDSED PAP, RENTAL COVERAGE MAY BE AFFORDED IN THE EVENT
THAT AN INSURED VEHICLE IS STOLEN. - Correct Answer- TRUE
WHAT IS IT CALLED WHEN AN INSURED RECEIVES ADDITIONAL COVERAGE BY
THE INSURER DURING POLICY PERIOD AT NO COST TO THE INSURED? - Correct
Answer- LIBERALIZATION
TRUE OR FALSE
AN INSURED'S TEMP. SUBSTITUTE WOULD BE COVERED IN THE EVENT THAT IT
IS A RENTAL FOR VACATION - Correct Answer- TRUE
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