Adjuster licensing class - Study guides, Class notes & Summaries

The amount the insured must pay in a loss before any payment is due is known as? - CORRECT ANS Deductible What is a partial legal defense that reduces the amount of damages that a person can recover based upon the amount that this person's own negligence contributed to the loss - CORRECT ANS Comparative Negligence What is a situation involving a person other than an insured? - CORRECT ANS Third Party Loss The part of the insurance policy that details the rights and duties of the insured ...

TEXAS ALL LINES ADJUSTER EXAM Adjuster Licensing Class (Practice Questions and Answers) (Best Revision Material) (Updated 2023-2024)

The amount the insured must pay in a loss before any payment is due is known as? - CORRECT ANS Deductible What is a partial legal defense that reduces the amount of damages that a person can recover based upon the amount that this person's own negligence contributed to the loss - CORRECT ANS Comparative Negligence What is a situation involving a person other than an insured? - CORRECT ANS Third Party Loss The part of the insurance policy that details the rights and duties of t...

The amount the insured must pay in a loss before any payment is due is known as? - ANSWER-Deductible What is a partial legal defense that reduces the amount of damages that a person can recover based upon the amount that this person's own negligence contributed to the loss - ANSWER-Comparative Negligence What is a situation involving a person other than an insured? - ANSWER-Third Party Loss The part of the insurance policy that details the rights and duties of the insured and the insur...

Statutes and Regulations Casualty Insurance (Illinois Property and Casualty IL Law, IL Casualty Insurance Practice Test) Questions and Answers Graded 100% 2023. When a commercial property insurance policy, in effect for more than 60 days is cancelled for an allowable reason, other than non-payment of premium, the insured must give written notice to the first named insured of at least 60 days A person is in the process of becoming permanently licensed as a producer. A temporary producers lic...

Adjuster Licensing Class | Questions And Answers

TEXAS ALL LINES ADJUSTER EXAM Adjuster Licensing Class (Practice Questions and Answers) (Updated 2023- 2024) The amount the insured must pay in a loss before any payment is due is known as? ----- ---- CORRECT ANSWER ----- Deductible What is a partial legal defense that reduces the amount of damages that a person can recover based upon the amount that this person's own negligence contributed to the loss --------- CORRECT ANSWER ----- Comparative Negligence What is a situation involving ...

The amount the insured must pay in a loss before any payment is due is known as? - CORRECT ANS Deductible What is a partial legal defense that reduces the amount of damages that a person can recover based upon the amount that this person's own negligence contributed to the loss - CORRECT ANS Comparative Negligence What is a situation involving a person other than an insured? - CORRECT ANS Third Party Loss The part of the insurance policy that details the rights and duties of the insured ...

Texas All-Line AdjusterStaff Adjuster - correct answer Adjusters who work exclusively for an insurance company Independent Adjuster - correct answer An individual who employs as an independent contactor to an adjusting and staffing company and handles claims for an insurance company Public Adjuster - correct answer Adjusters that represent the insured by negotiating claims with the insurance company Insurer - correct answer Any insurance company or self-insured. An organization or entit...

Every 2 year renewal period, a Producer must complete: - ANSWER 24 hrs of continuing education The Commissioner may suspend or revoke a Producer's license for any of the following: - ANSWER Guaranteeing dividends Rebating Twisting The Commissioner may: - ANSWER approve premium rates Jasmine knows that she must complete 24 hours of continuing education every two years to renew her life license. However, if she also obtains a casualty license, her total continuing education requirement...