Louisiana claims adjuster - Study guides, Class notes & Summaries

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...

Accident Insurance - Answer Covers expenses associated with a covered accident and can extend to ambulance and emergency room expenses, intensive care, and hospital costs. Accident insurance also provides for loss of income, and a death benefit if injuries prove fatal. Accumulated Depreciation - Answer The total decrease in an item's value over a period of time. Formula: (annual depreciation x number of years used). Subtract this number from the item's replacement cost to get its actua...

LA Claims Adjuster Property and Causality Exam (Louisiana Adjuster Law) with Complete Solutions 100% VerifiedLA Claims Adjuster Property and Causality Exam (Louisiana Adjuster Law) with Complete Solutions 100% VerifiedLA Claims Adjuster Property and Causality Exam (Louisiana Adjuster Law) with Complete Solutions 100% VerifiedLA Claims Adjuster Property and Causality Exam (Louisiana Adjuster Law) with Complete Solutions 100% Verified Resident License - ANSWER-Before issuing a claims adjuster lic...

LA Claims Adjuster Property And Causality Exam (Louisiana Adjuster Law) Questions And Answers Rated A+ LA Claims Adjuster Property And Causality Exam (Louisiana Adjuster Law) Questions And Answers Rated A+

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

The one who receives the authority to act on behalf of someone else? - Answer Agent what does a sale's agent receive authority for? - Answer to sell An insurance agent receives authority to what? - Answer Settle claims brought against the insurer How do agents receive their authority? - Answer written contract What is the power to bind? - Answer an agent's authority can bind: -what an agent says or does can bind insurer -agents should take the utmost care in what they say or d...

Actual Cash Value (ACV) - Answer Cost to replace property with new property of like kind and quality less depreciation. Combined Single Limit - Answer One limit per occurrence is what we pay up to Split limit - Answer What we pay up to per person and per occurrence Deductible - Answer What the customer will have to pay; we cover everything else Declarations Page (Dec Page) - Answer The basic information about a policy: Who - names of insurer and insured What - description of insure...