Adjuster pro section - Study guides, Class notes & Summaries

The Personal Auto Policy (PAP) A policy that combines liability insurance with other optional coverages PAP Policies can cover -Individuals and residing family members -People driving car with owner's permission -Four-wheeled vehicles under 10,000 lbs *Insurable interest is required Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:00 / 0:15 Full screen Brainpower Read More PAP Policies will indemnify for: -Property Damage -Personal Injury ...

Adjuster Pro Section-3 questions and answers.

Adjuster's Ethical SItuation -Adjuster make frequent decisions involving larger amounts of money -Adjusters should always determine a fair and equitable settlement that abides by the insurance contract Inducement An action, item, or promise made to someone to motivate them toward certain desired actions Consequences for Accepting Inducements -Losing license -Reputation Loss -Lawsuits -Jail time Kickbacks Money or favors offered to the adjuster in exchange for refe...

Adjuster Pro Texas with Complete Questions and Answers 100% VerifiedAdjuster Pro Texas with Complete Questions and Answers 100% VerifiedAdjuster Pro Texas with Complete Questions and Answers 100% VerifiedAdjuster Pro Texas with Complete Questions and Answers 100% Verified All of the following pieces of information can be found in the conditions section of an insurance policy EXCEPT: - ANSWER-Causes of loss that are not covered Which of the following best defines the principle of indemnity? -...

Adjuster Pro - Insurance adjuster test latest 2023 already passed What is insurance? protection against financial loss what is a premium a scheduled amount to be paid for an insurance policy. What are premiums used for premiums are collected into a "pool" or "reserve to pay out claimants when needed. how can insurance companies afford to pay for an individuals catastrophic loss? the insurer collects premiums from all policy holders and uses them to pay out the claims of a few. what is Ind...

Adjuster Pro Section-3 2023/2024 The Personal Auto Policy (PAP) - CORRECT ANSWER-A policy that combines liability insurance with other optional coverages PAP Policies can cover - CORRECT ANSWER--Individuals and residing family members -People driving car with owner's permission -Four-wheeled vehicles under 10,000 lbs *Insurable interest is required PAP Policies will indemnify for: - CORRECT ANSWER--Property Damage -Personal Injury -Legal Defense What will PAPs not pay for - CORRECT...

Adjuster Pro Section-3 2023/2024 The Personal Auto Policy (PAP) - CORRECT ANSWER-A policy that combines liability insurance with other optional coverages PAP Policies can cover - CORRECT ANSWER--Individuals and residing family members -People driving car with owner's permission -Four-wheeled vehicles under 10,000 lbs *Insurable interest is required PAP Policies will indemnify for: - CORRECT ANSWER--Property Damage -Personal Injury -Legal Defense What will PAPs not pay for - CORRECT...

Adjuster Pro Section-6 Questions and Answers 100% CorrectAdjuster Pro Section-6 Questions and Answers 100% CorrectAdjuster Pro Section-6 Questions and Answers 100% CorrectAdjuster Pro Section-6 Questions and Answers 100% CorrectAdjuster Pro Section-6 Questions and Answers 100% Correct Adjuster's Ethical SItuation - ANSWER--Adjuster make frequent decisions involving larger amounts of money -Adjusters should always determine a fair and equitable settlement that abides by the insurance contrac...

Adjuster Pro Section-3 Complete Questions and Answers 2023 The Personal Auto Policy (PAP) - Answer - A policy that combines liability insurance with other optional coverages PAP Policies can cover - Answer - -Individuals and residing family members -People driving car with owner's permission -Four-wheeled vehicles under 10,000 lbs *Insurable interest is required PAP Policies will indemnify for: - Answer - -Property Damage -Personal Injury -Legal Defense What will PAPs not ...