Certified Claims Adjuster- Florida Exam Practice Questions and Answers
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Course
Adjuster
Institution
Adjuster
Certified Claims Adjuster- Florida Exam Practice
Questions and Answers
Repair, replacement and recovery of injured lives and damaged property falls to? - Ans:-Insurance
Adjusters, CAT Troopers, Field Investigators, Property Appraisers and Front Line Supervisors
Insurance Transaction includes: -...
Third Party Claim: - Ans:✔✔-A claim made by a third party against an "insured" person or entity
First Party Claim: - Ans:✔✔-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: - Ans:✔✔-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: - Ans:✔✔-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
Carrier's Claim Handling Goal #3: - Ans:✔✔--To comply with the requirements of the law or terms of the
insurance contract
-To pay claims fairly and adequately
Carrier's Claim Handling Goal #4: - Ans:✔✔-To maintain friendly and satisfactory relations between the
injured party, the employer or policy holder, the insurance company an the public
Carrier's Claim Handling Goal #5: - Ans:✔✔-To satisfy the company's moral and ethical obligation to the
public and conduct business (claims) in a friendly, helpful manner
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