Louisiana claims adjuster - Study guides, Class notes & Summaries

A business entity acting as a claims adjuster is required to obtain a claims adjuster license. Application shall be made using what application? - Answer Uniform business entity application These required steps below represent what type of adjustor's license application? * *An adjuster seeking what type of License** (1) Is eligible to designate this state as his home state or is a nonresident who is not eligible for a license (2) Has not committed any act that is a ground for ...

LA Claims Adjuster Property and Causality Practice Exam 2 Questions and Answers Already Passed A single Declarations page common to all coverages A single conditions section common to all coverages A commercial package policy always includes Send the insured a reservation of rights letter If the insured fails to report claim in a timely fashion, the adjuster will immediately ___ $1000 per person The basic limit for coverage F-medical payments of the standard homeowners form is nor...

LOUISIANA P&C STATE EXAMINATION QUESTIONS AND ANSWERS 100% CORRECTLOUISIANA P&C STATE EXAMINATION QUESTIONS AND ANSWERS 100% CORRECTLOUISIANA P&C STATE EXAMINATION QUESTIONS AND ANSWERS 100% CORRECT . A business entity acting as a claims adjuster is required to obtain a claims adjuster license. Application shall be made using what application? - ANSWER-Uniform business entity application These required steps below represent what type of adjustor's license application? * *An adjust...

LA Claims Adjuster Property and Causality Practice Exam 2 Rated A $300,000. The minimum liability amount per occurrence for bodily injury and property damage claims available under the BOP is: : The Insurer An insured carries aircraft liability coverage with "admitted aircraft liability coverage." Who negotiates the payment of the claim if a passenger is injured in an accident? : The Ship Owner. Whose responsibility is it to see that a ship is seaworthy? "specialty" Ocean Marine ...

LOUISIANA P&C ADJUSTER EXAM PREP LATEST 2024 QUESTIONS WITH COMPLETE SOLUTIONS The one who receives the authority to act on behalf of someone else? Agent what does a sale's agent receive authority for? to sell An insurance agent receives authority to what? Settle claims brought against the insurer How do agents receive their authority? written contract What is the power to bind? an agent's authority can bind: -what an agent says or does can bind insurer -agents should take the ...

LOUISIANA P&C ADJUSTER EXAM PREP LATEST 2024 QUESTIONS WITH COMPLETE SOLUTIONS The one who receives the authority to act on behalf of someone else? Agent what does a sale's agent receive authority for? to sell An insurance agent receives authority to what? Settle claims brought against the insurer How do agents receive their authority? written contract What is the power to bind? an agent's authority can bind: -what an agent says or does can bind insurer -agents should take the ...

HEALTH CH. 8 LOUISIANA LAWS AND RULES QUESTIONS AND ANSWERS RATED A A Louisiana insurance producer solicits a life insurance policy. In the event of a controversy between the insured and the company, the producer is considered to represent the insured beneficiary company policyholder company When a producer is replacing an existing ordinary life insurance policy, the producer must take all of the following actions EXCEPT give the applicant a Notice Regarding Replacement of Life Insurance ...

LA Claims Adjuster Property and Causality Practice Exam 2 Questions and Answers 100% Pass A single Declarations page common to all coverages A single conditions section common to all coverages - Answer- A commercial package policy always includes Send the insured a reservation of rights letter - Answer- If the insured fails to report claim in a timely fashion, the adjuster will immediately ___ $1000 per person - Answer- The basic limit for coverage F-medical payments of the standard home...

Resident License CORRECT ANS Before issuing a claims adjuster license to an applicant under this section the commissioner of insurance must find that the applicant is eligible -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 c...