Louisiana adjuster - Study guides, Class notes & Summaries

Diminished value a concept that states an automobile's market value has decreased, even though it's been repaired after an accident; occurs because of the theory that repairs can't be made to put the vehicle into its exact pre-loss condition Market value a concept, which takes into account, what the property would sell for on the open marketplace; utilized frequently when selling property such as homes and auto Agreed value the difference is that the agreed value provision states that...

LA CLAIMS ADJUSTER PROPERTY AND CAUSALITY EXAM (LOUISIANA ADJUSTER LAW)

Louisiana Automobile Adjusters License Questions and Answers 100% VerifiedLouisiana Automobile Adjusters License Questions and Answers 100% VerifiedLouisiana Automobile Adjusters License Questions and Answers 100% Verified Interstate Commerce - ANSWER-Traffic, intercourse, commercial trading or the transportation of persons or property between or among several states of the union or from or between points in one state and points in another state. Paul vs. Virginia - ANSWER-1869; Ratified the...

LA Claims Adjuster Property and Causality Exam (Louisiana Adjuster Law) -designate LA as his or her home state or is a non-resident eligible for a license resident -Has not committed any act that is ground for denial, suspension, or revocation -has paid required fees -Maintains an office in home state -Has written consent of commission or insurance pursuant to federal laws regulating crimes by affecting persons to engage in business of insurance ️Resident License eligibility $1000 $100,...

Resident License - Before issuing a claims adjuster license to an applicant under this section the commissioner of insurance must find that the applicant is eligiable -designate LA as his or her home state or is a non-resident eligible for a license resident -Has not committed any act that is ground for denial, suspension, or revocation -has paid required fees -Maintains an office in home state -Has written consent of commission or insurance pursuant to federal laws regulating crimes by ...

diminished value - ANSWER a concept that states an automobile's market value has decreased, even though it's been repaired after an accident; occurs because of the theory that repairs can't be made to put the vehicle into its exact pre-loss condition market value - ANSWER a concept, which takes into account, what the property would sell for on the open marketplace; utilized frequently when selling property such as homes and auto agreed value - ANSWER the difference is that the agr...

The coverage territory of the Business Auto form provides for "worldwide liability coverage" for private passenger autos that the insured: a) Hires, leases, rents or borrows without a driver while outside the United States, its territories and possessions. b) Purchases while outside the United States, its territories and possessions. c) Sells while outside the United States, its territories and possessions. d) Occupies while outside the United States, its territories and possession...

Resident License CORRECT ANSWER Before issuing a claims adjuster license to an applicant under this section the commissioner of insurance must find that the applicant is eligiable -designate LA as his or her home state or is a non-resident eligible for a license resident -Has not committed any act that is ground for denial, suspension, or revocation -has paid required fees -Maintains an office in home state -Has written consent of commission or insurance pursuant to federal laws regulati...

diminished value - Answer a concept that states an automobile's market value has decreased, even though it's been repaired after an accident; occurs because of the theory that repairs can't be made to put the vehicle into its exact pre-loss condition market value - Answer a concept, which takes into account, what the property would sell for on the open marketplace; utilized frequently when selling property such as homes and auto agreed value - Answer the difference is that the agreed va...

diminished value - Answer-a concept that states an automobile's market value has decreased, even though it's been repaired after an accident; occurs because of the theory that repairs can't be made to put the vehicle into its exact pre-loss condition market value - Answer-a concept, which takes into account, what the property would sell for on the open marketplace; utilized frequently when selling property such as homes and auto agreed value - Answer-the difference is that the agreed va...