Claims Adjuster (ClaimsAdjuster)

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2023 Texas Adjuster Study Guide| 367 QUESTIONS| ANSWERS ALL CORRECT
  • 2023 Texas Adjuster Study Guide| 367 QUESTIONS| ANSWERS ALL CORRECT

  • Exam (elaborations) • 32 pages • 2023
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  • PERILS Correct Answer: A CAUSE OF PROPERTY LOSSES UNDER AN INSURANCE CONTRACT EX: WINDSTORM, HURRICANE, EXPLOSION, COLLAPSE OF BUILDING, VANDALISM, ACCIDENTAL DISCHARGE, AND THEFT LAW OF LARGE NUMBERS Correct Answer: A FUNDAMENTAL CONCEPT IN STATISTICS AND PROBABILITY THAT DESCRIBES HOW THE AVERAGE OF A RANDOMLY SELECTED LARGE SAMPLE FROM A POPULATION. IT BASICALLY RELIES ON THE PRINCIPLE THAT THE LARGER THE POOL, THE MORE PREDICTABLE THE AMOUNT OF LOSSES WILL BE IN A GIVEN PERIOD PRINCIPLE OF I...
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Claims Adjuster Final (Multiple Choice Questions) WELL ANSWERED
  • Claims Adjuster Final (Multiple Choice Questions) WELL ANSWERED

  • Exam (elaborations) • 12 pages • 2023
  • Available in package deal
  • An adjuster is a fiduciary agent with a responsibility of loyalty to the interest of Correct Answer: The insured and insurer An insurer gives which of the following as Consideration for an insurance policy? Correct Answer: A Promise The interest of the insured and all other persons in the property involved in a claim is found in Correct Answer: A Proof of Loss An insured rear-ends another driver's vehicle. The auto policy that pays damages to repair the damaged vehicle is a _______? Correct Ans...
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