Adjuster pro real - Study guides, Class notes & Summaries

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 regulation of insurance by the states as Congress cannot regulate non-interstate commerce and the 10th Amendment passes the authority on to the state. US vs. Southeast Underwriter's Association - Answer 1944; Supreme Co...

Adjuster Pro - Florida Certified Adjuster Glossary| 260 QUESTIONS| 19 PAGES Adjuster Pro - Florida Certified Adjuster Glossary| 260 QUESTIONS| 19 PAGES Accumulated Depreciation Correct Answer: The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Actual Cash Value (ACV) Correct Answer: A valuation method used by insurers to reflect an item's current market value right before being damaged or destroyed. Formula: (Replacement c...

USAA Licensing Exam 2023 Passed 100% Insurance *** Transfer of risk from one person or organization to an insurance company Indemnity *** The principle to restore the insured to the pre-loss economic or financial condition. Law of Large numbers *** Mathematical principle used by insurers to predict losses to charge the appropriate premiums Insurable Interest *** Proof that someone stands to lose financially if a loss occurs; must exist at the time of the loss in property and casualty...

ADJUSTER PRO TEXAS STUDY EXAM GUIDE All of the following pieces of information can be found in the conditions section of an insurance policy EXCEPT: - CORRECT ANSWER-Causes of loss that are not covered Which of the following best defines the principle of indemnity? - CORRECT ANSWERAfter a loss, the insured should be restored to his approximate financial condition before the loss SureTrust Insurance was founded and operates in Texas. In Texas, Suretrust is considered - CORRECT ANSWER...

VA P&C Practice Exam Questions & Answers. 100% Verified. 2022/2023. Which of the following represents pure risk? A. Purchase of stock in a new company B. An investment in real estate C. Purchase of a lottery ticket D. Chance of fire in a dwelling - D. Chance of fire in a dwelling WHICH OF THE FOLLOWING IS A PERIL? A. ATTITUDE TOWARDS SAFETY B. FIRE C. DEDUCTIBLE D. AN EXCLUSION - B. FIRE Direct loss refers to: A. Fire damage to a dwellings roof B. Cost of increased living...

Life, accident and health insurance Texas General Lines - EXAM 2024 update Life, accident and health insurance Texas General Lines - EXAM 2024 update Email me if you need answers LIFE SECTION 1 - LIFE SECTION 1 1) Sandra Timms, age 27, is advised by her producer to purchase Life insurance to cover a 20- year-amortized $50,000 business-improvement loan. Which of the following plans would adequately protect Ms. Timms at the minimum premium outlay? - A- $50,000 Whole Life policy B- $50...

Life, accident and health insurance Texas General Lines - EXAM 2024 update Life, accident and health insurance Texas General Lines - EXAM 2024 update LIFE SECTION 1 - LIFE SECTION 1 1) Sandra Timms, age 27, is advised by her producer to purchase Life insurance to cover a 20- year-amortized $50,000 business-improvement loan. Which of the following plans would adequately protect Ms. Timms at the minimum premium outlay? - A- $50,000 Whole Life policy B- $50,000 Level Term policy for 20 yea...

Life, accident and health insurance Texas General Lines - EXAM 2024 update Life, accident and health insurance Texas General Lines - EXAM 2024 update Email me if you need answers LIFE SECTION 1 - LIFE SECTION 1 1) Sandra Timms, age 27, is advised by her producer to purchase Life insurance to cover a 20- year-amortized $50,000 business-improvement loan. Which of the following plans would adequately protect Ms. Timms at the minimum premium outlay? - A- $50,000 Whole Life policy B- $50...

Life, accident and health insurance Texas General Lines - EXAM 2024 update Life, accident and health insurance Texas General Lines - EXAM 2024 update Email me if you need answers LIFE SECTION 1 - LIFE SECTION 1 1) Sandra Timms, age 27, is advised by her producer to purchase Life insurance to cover a 20- year-amortized $50,000 business-improvement loan. Which of the following plans would adequately protect Ms. Timms at the minimum premium outlay? - A- $50,000 Whole Life policy B- $50...